Document:

EX-10.1

CREDIT AGREEMENT

among

EXIDE TECHNOLOGIES,

CERTAIN OTHER U.S. ABL BORROWERS,

EXIDE GLOBAL HOLDING NETHERLANDS C.V.,

VARIOUS LENDING INSTITUTIONS

and

DEUTSCHE BANK AG NEW YORK BRANCH,

as Administrative Agent

Dated as of May 15, 2007

MERRILL LYNCH CAPITAL,

a division of Merrill Lynch Business Financial Services Inc.

and

WELLS FARGO FOOTHILL, LLC,

as Documentation Agents,

CREDIT SUISSE SECURITIES (USA) LLC

and

WACHOVIA CAPITAL MARKETS, LLC,

as Syndication Agents

and

DEUTSCHE BANK SECURITIES INC.

and

CREDIT SUISSE SECURITIES (USA) LLC,

as Joint Lead Arrangers and Joint Bookrunners

1

CREDIT AGREEMENT, dated as of May 15, 2007, among EXIDE TECHNOLOGIES, a Delaware
corporation (“Exide U.S.” or the “U.S. Borrower”), each Domestic Subsidiary of
Exide U.S. set forth on the signature pages hereto (together with Exide U.S. and any other Domestic
Subsidiary of Exide U.S. that becomes a U.S. ABL Borrower pursuant to Section 8.11, a “U.S. ABL
Borrower” and, collectively, the “U.S. ABL Borrowers”), EXIDE GLOBAL HOLDING
NETHERLANDS C.V., a limited partnership organized under the laws of The Netherlands (the
“European Borrower” and, together with the U.S. ABL Borrowers, collectively, the “ABL
Borrowers”), the Lenders from time to time party hereto and DEUTSCHE BANK AG NEW YORK BRANCH,
as Administrative Agent (in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, subject to and upon the terms and conditions herein set forth, the Lenders are
willing to make available to the Borrowers the respective credit facilities provided for herein;

WHEREAS, extensions of credit hereunder to the U.S. Borrower shall be fully guaranteed (as
more fully provided and described herein) by the U.S. Credit Parties; and

WHEREAS, extensions of credit hereunder to the U.S. ABL Borrowers shall be made to them on a
joint and several basis, and shall be fully guaranteed (as more fully provided and described
herein) by the U.S. Credit Parties; and

WHEREAS, the extensions of credit to the European Borrower hereunder shall be guaranteed (as
more fully provided and described herein) by the U.S. Credit Parties and the Foreign Credit
Parties; and

WHEREAS, all obligations of the U.S. Credit Parties hereunder (whether as borrowers or
guarantors) shall be secured pursuant to the relevant U.S. Security Documents executed and
delivered by the U.S. Credit Parties on the basis set forth in the Guaranty and Security Principles
and shall be subject to the ABL/TL Intercreditor Provisions; and

WHEREAS, all obligations of the European Borrower shall be secured pursuant to the relevant
Security Documents executed and delivered by the Credit Parties on the basis set forth in the
Guaranty and Security Principles and shall (as more fully provided and described herein) be subject
to the ABL/TL Intercreditor Provisions; and

WHEREAS, this Agreement (and all Lenders from time to time party hereto) shall be subject to
the terms and conditions of the Existing Intercreditor Agreement; and

WHEREAS, subject to the terms and conditions of this Agreement and the other Credit Documents,
and subject to the terms of the ABL/TL Intercreditor Provisions, the Guaranty and Security
Principles and the Existing Intercreditor Agreement, the Lenders are willing to make available to
the Borrowers the respective credit facilities provided for herein;

	 	 	 
	NOW, THEREFORE, IT IS AGREED:

	 	

	 
	 	 
	SECTION 1. Amount and Terms of Credit.

	 
	 	 
	 

	 
	 	 
	1.01

	 	Commitments.
	
 
	 	 

(a) U.S. Borrower Term Loans. Subject to and upon the terms and conditions set forth
herein, (x) each Lender with a U.S. Borrower Term Loan Commitment on the Initial Borrowing Date
severally agrees to make a term loan (each a “U.S. Borrower Term Loan” and, collectively,
the “U.S. Borrower Term Loans”) to the U.S. Borrower on such date, which U.S. Borrower Term
Loans:

(i) shall be incurred by the U.S. Borrower pursuant to a single drawing on the Initial
Borrowing Date for the purposes described in Section 7.05(a);

(ii) shall be denominated in U.S. Dollars;

(iii) except as hereafter provided, shall, at the option of the U.S. Borrower, be
incurred and maintained as, and/or converted into, Base Rate Loans or Eurodollar Loans,
provided that (A) except as otherwise specifically provided in Section 1.10(b), all
U.S. Borrower Term Loans made as part of the same Borrowing shall at all times consist of
U.S. Borrower Term Loans of the same Type and (B) unless the Administrative Agent has
determined that the Syndication Date has occurred (at which time this clause (B) shall no
longer be applicable), prior to the 60th day after the Initial Borrowing Rate,
Euro Rate Loans shall be restricted to one month Interest Periods (or such shorter periods
as may be required by the Administrative Agent) at all times, with the first such Interest
Period for Eurodollar Loans to begin not sooner than 7 Business Days after the Initial
Borrowing Date and with any subsequent Interest Periods for each Tranche to begin on the
last day of the prior Interest Period theretofore in effect for such Tranche; and

(iv) shall be made by each Lender in that initial aggregate principal amount as is
equal to the U.S. Borrower Term Loan Commitment of such Lender on the Initial Borrowing Date
(before giving effect to the termination thereof on such date pursuant to Section 3.03(b)).

Once repaid, U.S. Borrower Term Loans incurred hereunder may not be reborrowed.

(b) European Borrower U.S. Dollar Term Loans. Subject to and upon the terms and
conditions set forth herein, each Lender with a European Borrower U.S. Dollar Term Loan Commitment
severally agrees to make a term loan (each, an “European Borrower U.S. Dollar Term Loan”
and, collectively, the “European Borrower U.S. Dollar Term Loans”) to the European
Borrower, which European Borrower U.S. Dollar Term Loans:

(i) shall be incurred by the European Borrower pursuant to a single drawing on the
Initial Borrowing Date for the purposes described in Section 7.05(a);

(ii) shall be denominated in U.S. Dollars;

(iii) except as hereafter provided, shall, at the option of the European Borrower, be
incurred and maintained as, and/or converted into, Base Rate Loans or Eurodollar Loans,
provided that (A) except as otherwise specifically provided in Section 1.10(b), all
European Borrower U.S. Dollar Term Loans made as part of the same Borrowing shall at all
times consist of European Borrower U.S. Dollar Term Loans of the same Type and (B) unless the
Administrative Agent has determined that the Syndication Date has occurred (at which time
this clause (B) shall no longer be applicable), prior to the 60th day after the
Initial Borrowing Date, Euro Rate Loans shall be restricted to one month Interest Periods (or
such shorter periods as may be required by the Administrative Agent) at all times, with the
first such Interest Period for Eurodollar Loans to begin not sooner than 7 Business Days
after the Initial Borrowing Date and with any subsequent Interest Periods for each Tranche to
begin on the last day of the prior Interest Period theretofore in effect for such Tranche;
and

(iv) shall be made by each Lender in that initial aggregate principal amount as is equal
to the European Borrower U.S. Dollar Term Loan Commitment of such Lender on the Initial
Borrowing Date (before giving effect to the termination thereof on such date pursuant to
Section 3.03(c)).

Once repaid, European Borrower U.S. Dollar Term Loans incurred hereunder may not be reborrowed.

(c) European Borrower Euro Term Loans. Subject to and upon the terms and conditions
set forth herein, each Lender with a European Borrower Euro Term Loan Commitment severally agrees
to make a term loan (each, an “European Borrower Euro Term Loan” and, collectively, the
“European Borrower Euro Term Loans”) to the European Borrower, which European Borrower Euro
Term Loans:

(i) shall be incurred by the European Borrower pursuant to a single drawing on the
Initial Borrowing Date for the purposes described in Section 7.05(a);

(ii) shall (subject to Section 1.14) be denominated in Euros;

(iii) except as hereafter provided, shall, at the option of the European Borrower, be
incurred and maintained as, and/or (subject to Section 1.09) split into, one or more
Borrowings of European Borrower Euro Term Loans; provided that unless the
Administrative Agent has determined that the Syndication Date has occurred, (at which time
this proviso shall no longer be applicable), prior to the 60th day after the
Initial Borrowing Date, Euro Rate Loans shall be restricted to one month Interest Periods (or
such shorter periods as may be required by the Administrative Agent) at all times, with the
first such Interest Period for European Borrower Euro Term Loans to begin on the Initial
Borrowing Date and with any subsequent Interest Periods for European Borrower Euro Term Loans
to begin on the last day of the prior Interest Period theretofore in effect for such Tranche;
and

(iv) shall be made by each Lender in that initial aggregate principal amount as is equal
to the European Borrower Euro Term Loan Commitment of such Lender on the Initial Borrowing
Date (before giving effect to the termination thereof on such date pursuant to Section
3.03(d)).

Once repaid, European Borrower Euro Term Loans incurred hereunder may not be reborrowed.

(d) Revolving Loans. Subject to and upon the terms and conditions set forth herein
(including, without limitation, the conditions set forth in Section 6), each ABL Lender severally
agrees to make, at any time and from time to time on or after the Initial Borrowing Date and prior
to the Revolving Loan Maturity Date, (x) a revolving loan or revolving loans to the U.S. ABL
Borrowers (on a joint and several basis) (each, a “U.S. ABL Borrowers Revolving Loan” and,
collectively, the “U.S. ABL Borrowers Revolving Loans”) and (y) a revolving loan or
revolving loans to the European Borrower (each, a “European Borrower Revolving Loan” and,
collectively, the “European Borrower Revolving Loans” and, together with the U.S. ABL
Borrowers Revolving Loans, each a “Revolving Loan” and, collectively, the “Revolving
Loans”), which Revolving Loans:

(i) shall, be made and maintained in the respective Available Currency elected by the
U.S. ABL Borrowers or the European Borrower, as the case may be;

(ii) except as hereafter provided, shall, at the option of the U.S. ABL Borrowers or the
European Borrower, be incurred and maintained as, and/or converted into, one or more
Borrowings of Base Rate Loans or Eurodollar Loans (if the Available Currency elected is U.S.
Dollars) or Euro Denominated Revolving Loans, (if the Available Currency elected is Euros),
provided that (A) except as otherwise specifically provided in Section 1.10(b), all
Revolving Loans made as part of the same Borrowing shall at all times consist of Revolving
Loans of the same Type, and (B) unless the Administrative Agent has determined that the
Syndication Date has occurred (at which time this clause (B) shall no longer be applicable),
(1) Borrowings of Revolving Loans to be maintained as Eurodollar Loans shall be restricted to
one month Interest Periods (or such shorter periods as may be required by the Administrative
Agent) at all times with the first such Interest Period for such Eurodollar Loans to begin
not sooner than 7 Business Days after the Initial Borrowing Date and with any subsequent
Interest Periods applicable to Eurodollar Loans of such Tranche to begin on the last day of
the prior Interest Period theretofore in effect for Eurodollar Loans of such Tranche and (2)
all Borrowings of Euro Denominated Revolving Loans shall have Interest Periods of one month
(or such shorter periods as may be required by the Administrative Agent);

(iii) may be repaid and reborrowed in accordance with the provisions hereof;

(iv) shall not be made (and shall not be required to be made) by any ABL Lender in any
instance where the incurrence thereof (after giving effect to the use of the proceeds thereof
on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant
to this Agreement) would cause (x) the Individual RL Facility Exposure of such ABL Lender to
exceed the amount of its Revolving Loan Commitment at such time, or (y) the Aggregate RL
Facility Exposure to exceed the Total Revolving Loan Commitment at such time; and

(v) subject to Section 16, which are denominated in Euros and are required to be made by
a Participating Specified Foreign Currency Lender, shall be made by the Fronting Lender;

provided that the European Borrower shall have no liability under this Agreement with
respect to any U.S. ABL Borrowers Revolving Loans which may be extended to, and which shall
constitute obligations of, the U.S. ABL Borrowers.

(e) Swingline Loans. Subject to and upon the terms and conditions set forth herein
(including, without limitation, the conditions set forth in Section 6), the Swingline Lender agrees
to make, at any time and from time to time on or after the Initial Borrowing Date and prior to the
Swingline Expiry Date (x) a revolving loan or revolving loans to the U.S. ABL Borrowers (on a joint
and several basis) (each, a “U.S. ABL Borrowers Swingline Loan” and, collectively, the
“U.S. ABL Borrowers Swingline Loans”) and (y) a revolving loan or revolving loans to the
European Borrower (each, a “European Borrower Swingline Loan” and, collectively, the
“European Borrower Swingline Loans” and, together with the U.S. ABL Borrowers Swingline
Loans, each a “Swingline Loan” and, collectively, the “Swingline Loans”), which
Swingline Loans:

(i) shall, be made and maintained in the respective Available Currency elected by U.S.
ABL Borrowers or the European Borrower, as the case may be;

(ii) shall be made and maintained as Base Rate Loans (if the Available Currency elected
is U.S. Dollars) or Euro Denominated Swingline Loans (if the Available Currency elected is
Euros);

(iii) may be repaid and reborrowed in accordance with the provisions hereof;

(iv) shall not be made (and shall not be required to be made) if the making of same
would cause the Aggregate RL Facility Exposure (after giving effect to the use of the
proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore
outstanding pursuant to this Agreement) to exceed the Total Revolving Loan Commitment at such
time; and

(v) shall not exceed in aggregate principal amount at any time outstanding (taking the
U.S. Dollar Equivalents of all amounts in Euros), the Maximum Swingline Amount.

Notwithstanding anything to the contrary contained in this Section 1.01(e), (x) the Swingline
Lender shall not be obligated to make any Swingline Loans at a time when a Lender Default exists
with respect to any ABL Lender unless the Swingline Lender has entered into arrangements
satisfactory to it to eliminate the Swingline Lender’s risk with respect to the Defaulting Lender’s
or Defaulting Lenders’ refunding obligations (through the requirement that Mandatory Borrowings be
made from time to time) in respect of such Swingline Loans including by cash collateralizing (in
the relevant currency or currencies) such Defaulting Lender’s or Defaulting Lenders’ RL Facility
Percentages of the outstanding Swingline Loans, and (y) the Swingline Lender shall not make any
Swingline Loan after it has received written notice from any Borrower, any other Credit Party or
the ABL Required Lenders stating that a Default or an Event of Default exists and is continuing
until such time as the Swingline Lender shall have received written notice (A) of rescission of all
such notices from the party or parties originally delivering such notice or notices or (B) of the
waiver of such Default or Event of Default by the ABL Required Lenders. The European Borrower
shall have no liability under this Agreement with respect to any U.S. ABL Borrowers Swingline Loans
which may be extended to, and shall constitute obligations of, the U.S. ABL Borrowers.

(f) Refunding of Swingline Loans. On any Business Day, the Swingline Lender may, in
its sole discretion, give notice to the ABL Lenders (which notice the Swingline Lender shall
provide to the ABL Lenders not less than once during each week that any Swingline Loans are
outstanding) that the outstanding U.S. ABL Borrowers Swingline Loans or European Borrower Swingline
Loans in a given Available Currency shall be funded with a Borrowing of U.S. ABL Borrowers
Revolving Loans or European Borrower Revolving Loans, as the case may be, in such Available
Currency (provided that such notice shall be deemed to have been automatically given with
respect to all outstanding Swingline Loans upon the occurrence of a Default or an Event of Default
under Section 10.05 or upon the exercise of any of the remedies provided in the last paragraph of
Section 10), in which case a Borrowing of U.S. ABL Borrowers Revolving Loans or European Borrower
Revolving Loans, as the case may be, denominated in the respective Available Currency (each such
Borrowing, a “Mandatory Borrowing”) shall be made on the third succeeding Business Day by
all ABL Lenders pro rata based on each such ABL Lender’s RL Facility Percentage and the proceeds
thereof shall be applied directly to the Swingline Lender to repay the Swingline Lender for such
outstanding Swingline Loans. Each ABL Lender hereby irrevocably agrees to make U.S. ABL Borrowers
Revolving Loans (in the case of a refunding of U.S. ABL Borrowers Swingline Loans) and European
Borrower Revolving Loans (in the case of a refunding of European Borrower Swingline Loans) in the
relevant Available Currency or Available Currencies upon three Business Days’ notice pursuant to
each Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on
the date specified in writing by the Swingline Lender notwithstanding (i) that the amount of the
Mandatory Borrowing may not comply with the minimum amount for Borrowings otherwise required
hereunder, (ii) whether any conditions specified in Section 6 are then satisfied, (iii) whether a
Default or an Event of Default then exists, (iv) the date of such Mandatory Borrowing, (v) the
amount of the Total Revolving Loan Commitment at such time and (vi) the amount of the Revolving
Loan Commitment of such ABL Lender at such time. In the event that any Mandatory Borrowing cannot
for any reason be made on the date otherwise required above (including, without limitation, as a
result of the commencement of a proceeding under any bankruptcy, reorganization, dissolution,
insolvency, receivership, administration or liquidation or similar law with respect to any
Borrower), then each ABL Lender hereby agrees that it shall forthwith purchase (as of the date the
Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from any
Borrower on or after such date and prior to such purchase) from the Swingline Lender such
participations in such outstanding Swingline Loans as shall be necessary to cause such ABL Lenders
to share in such Swingline Loans ratably based upon their respective RL Facility Percentages,
provided that (x) all interest payable on the Swingline Loans shall be for the account of
the Swingline Lender until the date as of which the respective participation is required to be
purchased and, to the extent attributable to the purchased participation, shall be payable to the
participant from and after such date and (y) at the time any purchase of participations pursuant to
this sentence is actually made, the purchasing ABL Lender shall be required to pay the Swingline
Lender interest on the principal amount of the participation purchased for each day from and
including the day upon which the Mandatory Borrowing would otherwise have occurred to but excluding
the date of payment for such participation, at the rate otherwise applicable to Revolving Loans
made in the relevant Available Currency.

(g) Borrowing Base Reserves. Notwithstanding anything to the contrary in Sections
1.01(d) or (e), Section 6.03 or elsewhere in this Agreement, the Administrative Agent and the
Collateral Agent shall have the right to establish reserves by reference to the most recently
delivered Borrowing Base Certificate, against any Borrowing Base in amounts which are equal to (i)
sums in respect of Priority Payables (which, for the purposes of calculating the applicable
Borrowing Base at each time such a calculation is required to be made hereunder, shall, until a
subsequent readjustment is required as described herein, be that amount which appears on the
Borrowing Base Certificate delivered on the Initial Borrowing Date and then, to the extent the
Administrative Agent determines in its Permitted Discretion that a different amount more accurately
reflects the amount of Priority Payables as of such date of determination, Priority Payables for
calculation purposes shall thereafter be such different amount) that the respective U.S. ABL
Borrowers or Foreign Borrowing Base ABL Subsidiary Guarantors are or will be required to pay, (ii)
Hedge Product Reserves, (iii) Dilution Reserves, and (iv) other reserves as the Administrative
Agent or the Collateral Agent in its respective Permitted Discretion shall deem necessary or
appropriate (including, without limitation, reserves with respect to (x) taxes, priority claims of
employees, assessments, insurance premiums, or, in the case of leased assets, rents or other
amounts payable under such leases) and have not yet paid (including, without limitation, an Unpaid
Supplier Reserve and a Rent Reserve against Eligible Inventory included in any Borrowing Base),
(y) Insolvency Administrator Reserves, and (z) amounts owing by the respective Borrowers or their
respective Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the
Collateral, which Lien or trust, in the Permitted Discretion of the Administrative Agent or the
Collateral Agent is capable of ranking senior in priority to or pari passu with one
or more of the Liens granted in the Security Documents (such as Priority Payables or other Liens or
trusts in favor of employees, landlords, warehousemen, carriers, mechanics, materialmen, laborers,
or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes
where given priority under applicable law); provided, however, that the
Administrative Agent or the Collateral Agent may not implement reserves with respect to matters
which would be duplicative with ineligible Accounts or Inventory.

(h) Agent Advances. In the event that (i) the U.S. ABL Borrowers are, or the European
Borrower is, unable to comply with the Borrowing Base limitations set forth in Section 1.01(d) or
(ii) the U.S. ABL Borrowers are, or the European Borrower is, unable to comply with the conditions
precedent to the making of Revolving Loans set forth in Section 6, in either case, the ABL Lenders,
subject to the immediately succeeding proviso, hereby authorize the Administrative Agent, for the
account of the ABL Lenders, to make Revolving Loans to the U.S. ABL Borrowers (on a joint and
several basis) and/or to the European Borrower, in either case solely to the extent that the
Administrative Agent in its Permitted Discretion deems necessary or desirable (A) to preserve or
protect the Collateral, or any portion thereof, (B) to enhance the likelihood of repayment of the
Obligations, or (C) to pay any other amount chargeable to the ABL Borrowers pursuant to the terms
of this Agreement, including, without limitation, Expenses and Fees, which Revolving Loans may only
be made as Base Rate Loans (each, an “Agent Advance”) for a period commencing on the date
the Administrative Agent first receives a Notice of Borrowing requesting an Agent Advance until the
earliest of (x) the 20th Business Day after such date, (y) the date the respective ABL Borrowers
are again able to comply with the Borrowing Base limitations and the conditions precedent to the
making of Revolving Loans, or obtains an amendment or waiver with respect thereto and (z) the date
the ABL Required Lenders instruct the Administrative Agent to cease making Agent Advances (in each
case, the “Agent Advance Period”); provided that the Administrative Agent shall not
make any Agent Advance to the extent that at the time of the making of such Agent Advance, the
amount of such Agent Advance (I) when added to the aggregate outstanding amount of all other Agent
Advances made to the ABL Borrowers at such time, would exceed 10% of the Total Borrowing Base at
such time (based on the Borrowing Base Certificate most recently delivered) (the “Agent Advance
Amount”) or (II) when added to the Aggregate RL Facility Exposure as then in effect
(immediately prior to the incurrence of such Agent Advance), would exceed the Total Revolving Loan
Commitment at such time. Agent Advances may be made by the Administrative Agent in its sole
discretion and the ABL Borrowers shall have no right whatsoever to require that any Agent Advances
be made. Agent Advances will be subject to periodic settlement with the ABL Lenders pursuant to
Section 1.04(b).

1.02 Minimum Borrowing Amounts, etc. The aggregate principal amount of each Borrowing
of Loans shall not be less than the Minimum Borrowing Amount applicable to Borrowings of the
respective Type and Tranche of Loans to be made or maintained pursuant to the respective Borrowing,
provided that Mandatory Borrowings shall be made in the amounts required by Section 1.01(f). More
than one Borrowing may be incurred on any day, but at no time shall there be outstanding more than
10 Borrowings of Euro Rate Loans.

1.03 Notice of Borrowing. (a)  Whenever a Borrower desires to make a Borrowing of
Loans hereunder (excluding Borrowings of Swingline Loans and Mandatory Borrowings), an Authorized
Officer of such Borrower shall give the Administrative Agent at its Notice Office at least one
Business Day’s prior written (or telephonic notice promptly confirmed in writing) notice of each
Base Rate Loan, at least three Business Days’ prior written (or telephonic notice promptly
confirmed in writing) notice of each Eurodollar Rate Loan to be made in U.S. Dollars and at least
three Business Days’ prior written (or telephonic notice promptly confirmed in writing) notice of
each Euro Rate Loan to be made in Euros hereunder, provided that any such notice shall be
deemed to have been given on a certain day only if given before 12:00 P.M. (New York time) on such
day. Each such written notice or written confirmation of telephonic notice (each, a “Notice of
Borrowing”), except as otherwise expressly provided in Section 1.10, shall be irrevocable and
shall be given by or on behalf of the respective Borrower in the form of Exhibit A-1, appropriately
completed to specify: (i) the aggregate principal amount of the Loans to be made pursuant to such
Borrowing (stated in the relevant Available Currency), (ii) whether the respective Borrowing shall
constitute an Agent Advance (it being understood that the Administrative Agent shall be under no
obligation to make such Agent Advance), (iii) the date of such Borrowing (which shall be a Business
Day), (iv) whether the respective Borrowing shall consist of U.S. Borrower Term Loans, European
Borrower U.S. Dollar Term Loans, European Borrower Euro Term Loans, U.S. ABL Borrowers Revolving
Loans or European Borrower Revolving Loans, (v) in the case of U.S. Dollar Denominated Loans,
whether the U.S. Dollar Denominated Loans being made pursuant to such Borrowing are to be initially
maintained as Base Rate Loans or Eurodollar Loans and (vi) in the case of Euro Rate Loans, the
initial Interest Period to be applicable thereto. The Administrative Agent shall promptly give
each Lender which is required to make Loans of the Tranche specified in the respective Notice of
Borrowing notice of such proposed Borrowing, of such Lender’s proportionate share thereof
(determined in accordance with Section 1.07) and of the other matters required by the immediately
preceding sentence to be specified in the Notice of Borrowing.

(b) (i) Whenever a Borrower desires to make a Borrowing of Swingline Loans hereunder, an
Authorized Officer of such Borrower shall give the Swingline Lender, (i) not later than 1:00 P.M.
(New York time) on the date that a U.S. Dollar Denominated Swingline Loan is to be made and (ii)
not later than 1:00 P.M. (New York time) on the Business Day prior to the date that a Euro
Denominated Swingline Loan is to be made, written notice or telephonic notice promptly confirmed in
writing of each Swingline Loan to be made hereunder. Each such notice shall be irrevocable and
shall be given by or on behalf of the respective Borrower in the form of Exhibit A-1, appropriately
completed to specify: (A) the date of Borrowing (which shall be a Business Day), (B) the aggregate
principal amount of the Swingline Loans to be made pursuant to such Borrowing (stated in the
relevant currency) and (C) whether the respective Swingline Loans shall constitute U.S. ABL
Borrowers Swingline Loans or European Borrower Swingline Loans.

(ii) Mandatory Borrowings shall be made upon the notice specified in Section 1.01(f), as
applicable, with each Borrower irrevocably agreeing, by its incurrence of any Swingline Loan, to
the making of the Mandatory Borrowings as set forth in Section 1.01(f).

(c) Without in any way limiting the obligation of any Borrower to confirm in writing any
telephonic notice permitted to be given hereunder, the Administrative Agent or the Swingline Lender
(in the case of a Borrowing of Swingline Loans) or the respective Issuing Lender (in the case of
the issuance of Letters of Credit), as the case may be, may, prior to receipt of written
confirmation, act without liability upon the basis of such telephonic notice, believed by the
Administrative Agent, the Swingline Lender or such Issuing Lender, as the case may be, in good
faith to be from an Authorized Officer of such Borrower. In each such case, the Administrative
Agent’s, the Swingline Lender’s or the respective Issuing Lender’s record of the terms of such
telephonic notice shall be conclusive evidence of the contents of such notice, absent manifest
error.

1.04 Disbursement of Funds. (a) Not later than 1:00 P.M. (New York time) on the date
specified in each Notice of Borrowing (or (x) in the case of Swingline Loans, not later than 3:00
P.M. (New York time) on the date specified pursuant to Section 1.03(b)(i) and (y) in the case of
Mandatory Borrowings, not later than 10:00 A.M. (New York time) on the date specified in Section
1.01(f)), each Lender with a Commitment under the respective Tranche (or each Lender required to
make Loans pursuant to the respective Mandatory Borrowing), will make available its pro rata
portion (determined in accordance with Section 1.07) of each such Borrowing requested to be made on
such date (or in the case of Swingline Loans, the Swingline Lender shall make available the full
amount thereof). All such amounts shall be made available in U.S. Dollars (in the case of U.S.
Dollar Denominated Loans) or in Euros (in the case of Euro Denominated Loans), as the case may be,
and in immediately available funds at the Payment Office of the Administrative Agent, and the
Administrative Agent will make available to the respective Borrower at the Payment Office or such
other location as may be reasonably satisfactory to the Administrative Agent and specified in the
relevant Notice of Borrowing (or to the Swingline Lender in the case of a Mandatory Borrowing) the
aggregate of the amounts so made available by the Lenders prior to (x) 3:00 P.M. (New York time) on
such day (excluding Swingline Loans and Revolving Loans made pursuant to Mandatory Borrowings) and
(y) 4:00 P.M. (New York time) on such day, in the case of any Swingline Loan, in each case to the
extent of funds actually received by the Administrative Agent prior to such times on such day.
Unless the Administrative Agent shall have been notified by any Lender prior to the date of
Borrowing that such Lender does not intend to make available to the Administrative Agent such
Lender’s portion of any Borrowing to be made on such date, the Administrative Agent may assume that
such Lender has made such amount available to the Administrative Agent on such date of Borrowing
and the Administrative Agent may, in reliance upon such assumption, make available to the relevant
Borrower a corresponding amount. If such corresponding amount is not in fact made available to the
Administrative Agent by such Lender, the Administrative Agent shall be entitled to recover such
corresponding amount on demand from such Lender. If such Lender does not pay such corresponding
amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall
promptly notify the relevant Borrower or Borrowers to pay immediately such corresponding amount to
the Administrative Agent and such Borrower or Borrowers shall immediately pay such corresponding
amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover on
demand from such Lender or the relevant Borrower or Borrowers, as the case may be, interest on such
corresponding amount in respect of each day from the date such corresponding amount was made
available by the Administrative Agent to the respective Borrower or Borrowers until the date such
corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if
recovered from such Lender, the overnight Federal Funds Rate (or in the case of Euro Denominated
Loans, the cost to the Administrative Agent of acquiring overnight funds in Euros) and (ii) if
recovered from the relevant Borrower or Borrowers, the rate of interest applicable to the
respective Borrowing, as determined pursuant to Section 1.08. Nothing in this Section 1.04 shall
be deemed to relieve any Lender from its obligation to make Loans hereunder or to prejudice any
rights which the relevant Borrower may have against any Lender as a result of any failure by such
Lender to make Loans hereunder; provided that the funding of all Revolving Loans which are
denominated in Euros shall also be subject to the provisions of Section 16.

(b) Unless the ABL Required Lenders have instructed the Administrative Agent to the contrary,
the Administrative Agent on behalf of the ABL Lenders may, but shall not be obligated to, make
Revolving Loans to the ABL Borrowers that are maintained as Base Rate Loans under Section 1.01(d)
without prior notice of the proposed Borrowing to the ABL Lenders as follows:

(i) The amount of each ABL Lender’s RL Facility Percentage shall be computed weekly (or
more frequently in the Administrative Agent’s sole discretion) and shall be adjusted upward
or downward on the basis of the amount of outstanding Revolving Loans as of 5:00 P.M. (New
York time) on the last Business Day of each week, or such other period specified by the
Administrative Agent (each such date, a “Settlement Date”). The ABL Lenders shall
transfer to the Administrative Agent, or the Administrative Agent shall transfer to the ABL
Lenders, such amounts as are necessary so that (after giving effect to all such transfers)
the amount of Revolving Loans made by each ABL Lender shall be equal to such Lender’s RL
Facility Percentage of the aggregate amount of Revolving Loans outstanding as of such
Settlement Date. If a notice from the Administrative Agent of any such necessary transfer is
received by a ABL Lender on or prior to 12:00 Noon (New York time) on any Business Day, then
such ABL Lender shall make transfers described above in immediately available funds no later
than 3:00 P.M. (New York time) on the day such notice was received; and if such notice is
received by an ABL Lender after 12:00 Noon (New York time) on any Business Day, such ABL
Lender shall make such transfers no later than 1:00 P.M. (New York time) on the next
succeeding Business Day. The obligation of each of the ABL Lenders to transfer such funds
shall be irrevocable and unconditional and without recourse to, or without representation or
warranty by, the Administrative Agent. Each of the Administrative Agent and each ABL Lender
agrees and the ABL Lenders agree to mark their respective books and records on each
Settlement Date to show at all times the dollar amount of their respective RL Facility
Percentage of the outstanding Revolving Loans on such date.

(ii) To the extent that the settlement described in preceding clause (i) shall not yet
have occurred with respect to any particular Settlement Date, upon any repayment of Revolving
Loans by any ABL Borrower prior to such settlement, the Administrative Agent may apply such
amounts repaid directly to the amounts that would otherwise be made available by the
Administrative Agent pursuant to this Section 1.04(b).

(iii) Because the Administrative Agent on behalf of the ABL Lenders may be advancing
and/or may be repaid Revolving Loans prior to the time when the Lenders will actually advance
and/or be repaid Revolving Loans, interest with respect to Revolving Loans shall be allocated
by the Administrative Agent to each ABL Lender and the Administrative Agent in accordance
with the amount of Revolving Loans actually advanced by and repaid to each ABL Lender and the
Administrative Agent and shall accrue from and including the date such Revolving Loans are so
advanced to but excluding the date such Revolving Loans are either repaid by the ABL
Borrowers in accordance with the terms of this Agreement or actually settled by the
Administrative Agent or the applicable Lender as described in this Section 1.04(b).

1.05 Notes. (a)  Subject to the provisions of Section 1.05(c), the European Borrower’s (in
the case of European Borrower U.S. Dollar Term Loans, European Borrower Euro Term Loans, European
Borrower Revolving Loans and European Borrower Swingline Loans), the U.S. Borrower’s (in the case
of U.S. Borrower Term Loans) and the U.S. ABL Borrowers’ (in the case of U.S. ABL Borrowers
Revolving Loans and U.S. ABL Borrowers Swingline Loans) obligation to pay the principal of, and
interest on, the Loans made by each Lender shall be evidenced (i) if U.S. Borrower Term Loans, by a
promissory note duly executed and delivered by the U.S. Borrower substantially in the form of
Exhibit B-1 with blanks appropriately completed in conformity herewith (each, a “U.S. Borrower
Term Note” and, collectively, the “U.S. Borrower Term Notes”), (ii) if European
Borrower U.S. Dollar Term Loans, by a promissory note duly executed and delivered by the European
Borrower substantially in the form of Exhibit B-2 with blanks appropriately completed in conformity
herewith (each, a “European Borrower U.S. Dollar Term Note” and, collectively, the
“European Borrower U.S. Dollar Term Notes”), (iii) if European Borrower Euro Term Loans, by
a promissory note duly executed and delivered by the European Borrower substantially in the form of
Exhibit B-3 with blanks appropriately completed in conformity herewith (each, a “European
Borrower Euro Term Note” and, collectively, the “European Borrower Euro Term Notes”),
(iv) if U.S. ABL Borrowers Revolving Loans, by a promissory note duly executed and delivered by
each U.S. ABL Borrower substantially in the form of Exhibit B-4, with blanks appropriately
completed in conformity herewith (each, a “U.S. ABL Borrowers Revolving Note” and,
collectively, the “U.S. ABL Borrowers Revolving Notes”), (v) if European Borrower Revolving
Loans, by a promissory note duly executed and delivered by the European Borrower substantially in
the form of Exhibit B-5, with blanks appropriately completed in conformity herewith (each, a
“European Borrower Revolving Note” and, collectively, the “European Borrower Revolving
Notes”), (vi) U.S. ABL Borrowers Swingline Loans, by a promissory note duly executed and
delivered by each U.S. ABL Borrower substantially in the form of Exhibit B-6, with blanks
appropriately completed in conformity herewith (the “U.S. ABL Borrowers Swingline Note”),
and (vii) if European Borrower Swingline Loans, by a promissory note duly executed and delivered by
the European Borrower substantially in the form of Exhibit B-7, with blanks appropriately completed
in conformity herewith (the “European Borrower Swingline Note”).

(b) Each Lender will note on its internal records the amount of each Loan made by it and each
payment in respect thereof and prior to any transfer of any of its Notes will endorse on the
reverse side thereof the outstanding principal amount of Loans evidenced thereby. Failure to make
any such notation or any error in any such notation or endorsement shall not affect any Borrower’s
obligations in respect of any Loans.

(c) Notwithstanding anything to the contrary contained above in this Section 1.05 or elsewhere
in this Agreement, Notes shall only be delivered to Lenders that at any time specifically request
the delivery of such Notes. No failure of any Lender to request or obtain a Note evidencing its
Loans to any Borrower shall affect or in any manner impair the obligations of the respective
Borrower to pay the Loans (and all related Obligations) incurred by such Borrower which would
otherwise be evidenced thereby in accordance with the requirements of this Agreement, and shall not
in any way affect the security or guaranties therefor provided pursuant to the various Credit
Documents. Any Lender that does not have a Note evidencing its outstanding Loans shall in no event
be required to make the notations otherwise described in preceding clause (b). At any time when
any Lender requests the delivery of a Note to evidence any of its Loans, the relevant Borrower
shall promptly execute and deliver to the respective Lender the requested Note or Notes in the
appropriate amount or amounts to evidence such Loans.

1.06 Conversions. Each Borrower shall have the option to convert, on any Business Day
occurring after the Initial Borrowing Date, all or a portion equal to at least the applicable
Minimum Borrowing Amount of the outstanding principal amount of U.S. Dollar Denominated Loans
(other than U.S. Dollar Denominated Swingline Loans, which shall at all times be maintained as Base
Rate Loans) made pursuant to one or more Borrowings of one or more Types of U.S. Dollar Denominated
Loans under a single Tranche into a Borrowing or Borrowings of another Type of U.S. Dollar
Denominated Loans under such Tranche, provided that (i) except as otherwise provided in
Section 1.10(b) or unless the respective Borrower pays all amounts owing pursuant to Section 1.11
concurrently with any such conversion, Eurodollar Loans may be converted into Base Rate Loans only
on the last day of an Interest Period applicable to the Eurodollar Loans being converted and no
such partial conversion of Eurodollar Loans shall reduce the outstanding principal amount of such
Eurodollar Loans made pursuant to a single Borrowing to less than the applicable Minimum Borrowing
Amount applicable thereto, (ii) (A) unless the ABL Required Lenders otherwise agree, Revolving
Loans maintained as Base Rate Loans may only be converted into Eurodollar Loans if no Default or
Event of Default is in existence on the date of conversion and (B) unless the TL Required Lenders
otherwise agree, Term Loans maintained as Base Rate Loans may only be converted into Eurodollar
Loans if no Default or Event of Default is in existence on the date of conversion, (iii) unless the
Administrative Agent has determined that the Syndication Date has occurred (at which time this
clause (iii) shall no longer be applicable), prior to the 60th day after the Initial Borrowing
Date, conversions of Base Rate Loans into Eurodollar Loans may only be made if any such conversion
is effective on the first day of an Interest Period referred to in clause (B) of the proviso of
Section 1.01(a)(iii) or 1.01(b)(iii) or clause (B)(1) of the proviso to Section 1.01(d)(ii) and so
long as such conversion does not result in a greater number of Borrowings of Eurodollar Loans prior
to the 60th day after the Initial Borrowing Date as are permitted under the provisos to Sections
1.01(a)(iii) and 1.01(b)(iii) and clause (1) of Section 1.01(d)(ii) and (iv) no conversion pursuant
to this Section 1.06 shall result in a greater number of Borrowings of Euro Rate Loans than is
permitted under Section 1.02. Each such conversion shall be effected by a Borrower by giving the
Administrative Agent at its Notice Office prior to 2:00 P.M. (New York time) at least three
Business Days’ prior notice (each, a “Notice of Conversion/Continuation”) in the form of
Exhibit A-2, appropriately completed to specify the U.S. Dollar Denominated Loans to be so
converted, the Borrowing or Borrowings pursuant to which such U.S. Dollar Denominated Loans were
made and, if to be converted into Eurodollar Loans, the Interest Period to be initially applicable
thereto. The Administrative Agent shall give each Lender prompt notice of any such proposed
conversion affecting any of its U.S. Dollar Denominated Loans.

1.07 Pro Rata Borrowings. All Borrowings of U.S. Borrower Term Loans, European
Borrower U.S. Dollar Term Loans, European Borrower Euro Term Loans and Revolving Loans (including
U.S. ABL Borrowers Revolving Loans, European Borrower Revolving Loans and Mandatory Borrowings)
under this Agreement shall be incurred from the Lenders pro rata on the basis of
such Lenders’ U.S. Borrower Term Loan Commitments, European Borrower U.S. Dollar Term Loan
Commitments, European Borrower Euro Term Loan Commitments or RL Facility Percentages, as the case
may be. All Borrowings of Swingline Loans shall be incurred from the Swingline Lender. It is
understood that no Lender shall be responsible for any default by any other Lender of its
obligation to make Loans hereunder and that each Lender shall be obligated to make the Loans
provided to be made by it hereunder, regardless of the failure of any other Lender to make its
Loans hereunder.

1.08 Interest. (a) The U.S. Borrower hereby agrees to pay (in the case of U.S.
Borrower Term Loans maintained as Base Rate Loans (including any Euro Denominated Loan made to the
U.S. Borrower and converted into a U.S. Dollar Denominated Loan pursuant to Section 1.14)), the
U.S. ABL Borrowers hereby jointly and severally agree to pay (in the case of U.S. ABL Borrowers
Revolving Loans and U.S. ABL Borrowers Swingline Loans, in each case maintained as Base Rate Loans)
and the European Borrower hereby agrees to pay (in the case of European Borrower U.S. Dollar Term
Loans, European Borrower Euro Term Loans, European Borrower Revolving Loans and European Borrower
Swingline Loans, in each case maintained as Base Rate Loans), interest in respect of the unpaid
principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made
available to it (or, in the case of a conversion of any Euro Denominated Loan into a Dollar
Denominated Loan pursuant to Section 1.14, from the date of the conversion of such Loan) until the
earlier of (i) the maturity (whether by acceleration or otherwise) of such Base Rate Loan and (ii)
the conversion of such Base Rate Loan to a Eurodollar Loan pursuant to Section 1.06, at a rate per
annum which shall be equal to the sum of the Base Rate in effect from time to time during the
period such Base Rate Loan is outstanding plus the relevant Applicable Margin as in effect
from time to time.

(b) The U.S. Borrower hereby agrees to pay (in the case of U.S. Borrower Term Loans maintained
as Eurodollar Loans), the U.S. ABL Borrowers hereby jointly and severally agree to pay (in the case
of U.S. ABL Borrowers Revolving Loans maintained as Eurodollar Loans) and the European Borrower
hereby agrees to pay (in the case of European Borrower U.S. Dollar Term Loans and European Borrower
Revolving Loans maintained as Eurodollar Loans), interest in respect of the unpaid principal amount
of each Eurodollar Loan made to it from the date the proceeds thereof are made available to it
until the earlier of (i) the maturity (whether by acceleration or otherwise) of such Eurodollar
Loan and (ii) the conversion of such Eurodollar Loan to a Base Rate Loan pursuant to Section 1.06,
1.09 or 1.10, as applicable, at a rate per annum which shall, during each Interest Period
applicable thereto, be equal to the sum of the Eurodollar Rate for such Interest Period
plus the relevant Applicable Margin as in effect from time to time.

(c) Each Borrower hereby agrees to pay interest in respect of the unpaid principal amount of
each Euro Denominated Revolving Loan and each Euro Denominated Term Loan made to it from the date
the proceeds thereof are made available to it until the maturity thereof (whether by acceleration,
prepayment or otherwise) at a rate per annum which shall, during each Interest Period applicable
thereto, be equal to the sum of the relevant Applicable Margin as in effect from time to time
plus Euro LIBOR for such Interest Period plus any Mandatory Costs.

(d) Each Borrower hereby agrees to pay interest in respect of the unpaid principal amount of
each Euro Denominated Swingline Loan made to it from the date the proceeds thereof are made
available to it until the maturity thereof (whether by acceleration, prepayment or otherwise) at a
rate per annum which shall be equal to the sum of the Applicable Margin for Euro Denominated
Revolving Loans as in effect from time to time plus the Overnight Euro Rate in effect from
time to time during the period such Euro Denominated Swingline Loan is outstanding plus any
Mandatory Costs.

(e) Overdue principal and, to the extent permitted by law, overdue interest in respect of each
Loan and any other overdue amount payable hereunder and under any other Credit Document shall, in
each case, bear interest at a rate per annum (1) in the case of overdue principal of, and interest
or other overdue amounts owing with respect to, Euro Denominated Revolving Loans, Euro Denominated
Term Loans and overdue amounts owing with respect to Euro Denominated Letter of Credit
Outstandings, equal to the greater of (x) 2% per annum in excess of the rate otherwise applicable
to U.S. Borrower Term Loans which are maintained as Base Rate Loans and (y) 2% per annum in excess
of the relevant Applicable Margin as in effect from time to time plus Euro LIBOR for such
successive periods not exceeding three months as the Administrative Agent may determine from time
to time in respect of amounts comparable to the amount not paid plus any Mandatory Costs,
(2) in the case of overdue principal of, and interest or other amounts owing with respect to, Euro
Denominated Swingline Loans, equal to the greater of (x) 2% per annum in excess of the rate
otherwise applicable to U.S. Borrower Term Loans which are maintained as Base Rate Loans and (y) 2%
per annum in excess of the Applicable Margin for Euro Denominated Revolving Loans as in effect from
time to time plus the Overnight Euro Rate as in effect from time to time plus any
Mandatory Costs, and (3) in all other cases, equal to the greater of (x) 2% per annum in excess of
the rate otherwise applicable to Base Rate Loans maintained pursuant to the respective Tranche of
Loans (or, if the overdue amount owing does not relate to any specific Tranche, the rate otherwise
applicable to Revolving Loans which are maintained as Base Rate Loans) from time to time and (y)
the rate which is 2% in excess of the rate then borne by such Loans, in each case with such
interest to be payable on demand.

(f) Accrued (and theretofore unpaid) interest shall be payable (i) in respect of each Base
Rate Loan and each Swingline Loan, quarterly in arrears on each Quarterly Payment Date, (ii) in
respect of each Euro Rate Loan (other than a Euro Denominated Swingline Loan), on the last day of
each Interest Period applicable thereto and, in the case of an Interest Period in excess of three
months, on each date occurring at three month intervals after the first day of such Interest Period
and (iii) in respect of each Loan, on any repayment or prepayment (on the amount repaid or prepaid)
(except that repayments of Revolving Loans and Swingline Loans shall not be required to be
accompanied by a payment of accrued, and theretofore unpaid, interest thereon, unless the Total
Revolving Loan Commitment has terminated or will be terminated concurrently with such repayment or
prepayment), at maturity (whether by acceleration or otherwise) and, after such maturity, on
demand.

(g) Upon each Interest Determination Date, the Administrative Agent shall determine the Euro
Rate for the respective Interest Period or Interest Periods and shall promptly notify the
respective Borrower and the respective Lenders thereof. Each such determination shall, absent
manifest error, be final and conclusive and binding on all parties hereto.

(h) Notwithstanding anything to the contrary contained in the Agreement, if, as a result of
any restatement or other adjustment to the financial statements of Exide U.S. and its Subsidiaries
or for any other reason, Exide U.S. or the Lenders determine that (i) the Ratings or the Leverage
Ratio, in either case, as of any applicable date were inaccurate or an Event of Default was not
reported pursuant to Section 8.01(f) and (ii) as a result of any such occurrence pursuant to
immediately preceding clause (i), the Applicable Margins applicable to any Loans or any Fees for
any period were lower as a result thereof, then Exide U.S. and any other applicable Borrowers shall
immediately and retroactively be obligated to pay to the Administrative Agent for the account of
the applicable Lenders, promptly on demand by the Administrative Agent (or, if an Event of Default
pursuant to Section 10.05 shall have occurred and be continuing, automatically and without further
action by the Administrative Agent), an amount equal to the excess of the amount of interest and
Fees that should have been paid for such period by Exide U.S. and any other applicable Borrowers
over the amount of interest and Fees actually paid by Exide U.S. and any other applicable Borrowers
for such period. The Borrowers’ obligations under this Section 1.08(h) shall survive the
termination of the Total Commitment and the repayment of all Obligations hereunder.

1.09 Interest Periods. At the time a Borrower gives any Notice of Borrowing or Notice
of Conversion/Continuation in respect of the making of, or conversion into, any Euro Rate Loan
(other than a Euro Denominated Swingline Loan) (in the case of the initial Interest Period
applicable thereto) or on the third Business Day prior to the expiration of an Interest Period
applicable to such Euro Rate Loan (in the case of any subsequent Interest Period), the respective
Borrower shall have the right to elect, by having an Authorized Officer of such Borrower give the
Administrative Agent notice thereof, the interest period (each, an “Interest Period”)
applicable to such Euro Rate Loan, which Interest Period shall, at the option of such Borrower (but
otherwise subject to clause (B) of Sections 1.01(a)(iii), 1.01(b)(iii) and 1.01(c)(iii) and clause
(B) of the proviso to Section 1.01(d)(ii) and clause (iii) of the proviso appearing in Section
1.06) be a one, two, three or six-month period or, to the extent agreed to by all Lenders required
to make Loans under the respective Tranche, another period (or, in each case during the period
ended on the first to occur of the Syndication Date or the 60th day after the Initial
Borrowing Date, such shorter periods as may be required by the Administrative Agent);

(i) all Euro Rate Loans comprising the same Borrowing shall at all times have the same
Interest Period;

(ii) the initial Interest Period for any Euro Rate Loan shall commence on the date of
Borrowing of such Euro Rate Loan (including, in the case of U.S. Dollar Denominated Loans,
the date of any conversion thereto from a Borrowing of Base Rate Loans) and each Interest
Period occurring thereafter in respect of such Euro Rate Loan shall commence on the day on
which the next preceding Interest Period applicable thereto expires;

(iii) if any Interest Period relating to a Euro Rate Loan begins on a day for which
there is no numerically corresponding day in the calendar month at the end of such Interest
Period, such Interest Period shall end on the last Business Day of such calendar month;

(iv) if any Interest Period for a Euro Rate Loan would otherwise expire on a day which
is not a Business Day, such Interest Period shall expire on the next succeeding Business Day;
provided, however, that if any Interest Period for a Euro Rate Loan would
otherwise expire on a day which is not a Business Day but is a day of the month after which
no further Business Day occurs in such month, such Interest Period shall expire on the
preceding Business Day;

(v) no Interest Period in respect of any Borrowing under a given Tranche of Loans shall
be selected which extends beyond the respective Maturity Date for such Tranche of Loans; and

(vi) no Interest Period in respect of any Borrowing of U.S. Borrower Term Loans,
European Borrower U.S. Dollar Term Loans or European Borrower Euro Term Loans shall be
elected which extends beyond any date upon which a Scheduled Repayment for the respective
Tranche of Term Loans will be required to be made under Section 4.02(b) if, after giving
effect to the election of such Interest Period, the aggregate principal amount of such U.S.
Borrower Term Loans, European Borrower U.S. Dollar Term Loans or European Borrower Euro Term
Loans, as the case may be, which have Interest Periods which will expire after such date will
be in excess of the aggregate principal amount of such U.S. Borrower Term Loans, European
Borrower U.S. Dollar Term Loans or European Borrower Euro Term Loans, as the case may be,
then outstanding less the aggregate amount of such required Scheduled Repayment.

With respect to any Euro Denominated Loans (other than Euro Denominated Swingline Loans), at the
end of any Interest Period applicable to a Borrowing thereof, the U.S. Borrower or the European
Borrower, as applicable, may elect to split the respective Borrowing into two or more Borrowings of
the same Type or combine two or more Borrowings of the same Type into a single Borrowing, in each
case, by having an Authorized Officer of the relevant Borrower give notice thereof together with
its election of one or more Interest Periods, in each case so long as each resulting Borrowing (x)
has an Interest Period which complies with the foregoing requirements of this Section 1.09 and (y)
does not cause a violation of the requirements of Section 1.02. If upon the expiration of any
Interest Period applicable to a Borrowing of Euro Rate Loans, the U.S. Borrower or the European
Borrower, as applicable, has failed to elect, or is not permitted to elect, a new Interest Period
to be applicable to such Euro Rate Loans, as provided above, the relevant Borrower shall be deemed
to have elected (x) if Eurodollar Loans, to convert such Eurodollar Loans into Base Rate Loans and
(y) if Euro Denominated Loans, to select a one-month Interest Period for such Euro Denominated
Loans, in any such case effective as of the expiration date of such current Interest Period.

1.10 Increased Costs; Illegality; etc. (a)  In the event that any Lender shall have
determined in good faith (which determination shall, absent manifest error, be final and conclusive
and binding upon all parties hereto but, with respect to clause (i) below, may be made only by the
Administrative Agent):

(i) on any Interest Determination Date that, by reason of any changes arising after the
Effective Date affecting the applicable interbank market, adequate and fair means do not
exist for ascertaining the applicable interest rate on the basis provided for in the
definition of the respective Euro Rate; or

(ii) at any time, that such Lender shall incur increased costs or reductions in the
amounts received or receivable hereunder with respect to any Euro Rate Loan because of (x)
any change since the Effective Date in any applicable law or governmental rule, regulation,
order, guideline or request (whether or not having the force of law) or in the interpretation
or administration thereof and including the introduction of any new law or governmental rule,
regulation, order, guideline or request, such as, for example, but not limited to (A) a
change in the basis of taxation of payments to a Lender of the principal of or interest on
the Loans or any other amounts payable hereunder (except for changes in the rate of tax on,
or determined by reference to, the net income or net profits of such Lender imposed by the
jurisdiction in which its principal office or applicable lending office is located), or (B) a
change in official reserve requirements, but, in all events, excluding reserves required
under Regulation D to the extent included in the computation of the Eurodollar Rate and/or
(y) other circumstances arising since the date of this Agreement affecting such Lender, the
interbank market or the position of such Lender in such market (whether or not such Lender
was a Lender at the time of such occurrence); or

(iii) at any time after the Effective Date, that the making or continuance of any Euro
Rate Loan has been made unlawful by any law or governmental rule, regulation or order (or
would conflict with any governmental rule, regulation, guideline, request or order not having
the force of law but with which such Lender customarily complies even though the failure to
comply therewith would not be unlawful), or impracticable as a result of a contingency
occurring after the Effective Date which materially and adversely affects the applicable
interbank market;

then, and in any such event, such Lender (or the Administrative Agent, in the case of clause (i)
above) shall promptly give notice (by telephone confirmed in writing) to the affected Borrower,
and, except in the case of clause (i) above, to the Administrative Agent of such determination
(which notice the Administrative Agent shall promptly transmit to each of the other Lenders).
Thereafter (w) in the case of clause (i) above, (A) in the event Eurodollar Loans are so affected,
Eurodollar Loans shall no longer be available until such time as the Administrative Agent notifies
any affected Borrower and the Lenders that the circumstances giving rise to such notice by the
Administrative Agent no longer exist, and any Notice of Borrowing or Notice of
Conversion/Continuation given by any Borrower with respect to Eurodollar Loans which have not yet
been incurred (including by way of conversion) shall be deemed rescinded by such Borrower and (B)
in the event that any Euro Denominated Loan is so affected, the relevant Euro Rate shall be
determined on the basis provided in the proviso to the definition of Overnight Euro Rate or Euro
LIBOR, as the case may be, (x) in the case of clause (ii) above, the respective Borrower or
Borrowers agrees to pay to such Lender, upon written demand therefor, such additional amounts (in
the form of an increased rate of, or a different method of calculating, interest or otherwise as
such Lender in its sole discretion shall determine) as shall be required to compensate such Lender
for such increased costs or reductions in amounts received or receivable hereunder (with the
written notice as to the additional amounts owed to such Lender, submitted to the respective
Borrower or Borrowers by such Lender in accordance with the foregoing to be, absent manifest error,
final and conclusive and binding on all the parties hereto, although the failure to give any such
notice shall not release or diminish any of the respective Borrower’s or Borrowers’ obligations to
pay additional amounts pursuant to this Section 1.10(a) upon the subsequent receipt of such notice)
and (y) in the case of clause (iii) above, the respective Borrower or Borrowers shall take one of
the actions specified in Section 1.10(b) as promptly as possible and, in any event, within the time
period required by law. Each of the Administrative Agent and each Lender agrees that if it gives
notice to any Borrower of any of the events described in clause (i), (ii) or (iii) above, it shall
promptly notify such Borrower and, in the case of any such Lender, the Administrative Agent, if
such event ceases to exist.

(b) At any time that any Euro Rate Loan is affected by the circumstances described in Section
1.10(a)(ii) or (iii), the affected Borrower may (and in the case of a Euro Rate Loan affected by
the circumstances described in Section 1.10(a)(iii) shall) either (x) if the affected Euro Rate
Loan is then being made initially or pursuant to a conversion, cancel the respective Borrowing by
giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that such
Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section
1.10(a)(ii) or (iii) or (y) if the affected Euro Rate Loan is then outstanding, upon at least three
Business Days’ written notice to the Administrative Agent, (A) in the case of a Eurodollar Loan,
require the affected Lender to convert such Eurodollar Loan into a Base Rate Loan (which
conversion, in the case of the circumstance described in Section 1.10(a)(iii), shall occur no later
than the last day of the Interest Period then applicable to such Eurodollar Loan or such earlier
day as shall be required by applicable law) and (B) in the case of any Euro Rate Loan (other than a
Eurodollar Loan), repay all outstanding Borrowings which include such affected Euro Rate Loans in
full in accordance with the applicable requirements of Section 4.01; provided that (i) if
the circumstances described in Section 1.10(a)(iii) apply to any Euro Denominated Loan, the U.S.
Borrower or the European Borrower, as the case may be, may, in lieu of taking the actions described
above, maintain such Euro Denominated Loan outstanding, in which case, (x) in the case of Euro
Denominated Revolving Loans or Euro Denominated Term Loans, the applicable Euro Rate shall be
determined on the basis provided in the proviso to the definition of Euro LIBOR and (y) in the case
of Euro Denominated Swingline Loans, the applicable interest rate shall be determined on the basis
provided in the proviso to the definition of Overnight Euro Rate, as the case may be, unless the
maintenance of such Euro Denominated Loan outstanding on such basis would not stop the conditions
described in Section 1.10(a)(iii) from existing (in which case the actions described above, without
giving effect to the proviso, shall be required to be taken) and (ii) if more than one Lender is
affected at any time, then all affected Lenders must be treated the same pursuant to this Section
1.10(b).

(c) If any Lender shall have determined after the Effective Date that the adoption or
effectiveness after the Effective Date of any applicable law, rule or regulation regarding capital
adequacy, or any change therein, or any change after the Effective Date in the interpretation or
administration thereof by any governmental authority, central bank or comparable agency charged
with the interpretation or administration thereof, or compliance by such Lender or any corporation
controlling such Lender with any request or directive regarding capital adequacy (whether or not
having the force of law) of any such authority, central bank or comparable agency, has or would
have the effect of reducing the rate of return on such Lender’s or such other corporation’s capital
or assets as a consequence of such Lender’s Commitment or Commitments hereunder or its obligations
hereunder to a level below that which such Lender or such other corporation could have achieved but
for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s or
such other corporation’s policies with respect to capital adequacy), then from time to time, upon
written demand by such Lender (with a copy to the Administrative Agent), accompanied by the notice
referred to in the next succeeding sentence of this clause (c), and subject to Section 13.23, the
respective Borrower and Exide U.S. jointly and severally agree to pay to such Lender such
additional amount or amounts as will compensate such Lender or such other corporation for such
reduction in the rate of return to such Lender or such other corporation. Each Lender, upon
determining in good faith that any additional amounts will be payable pursuant to this Section
1.10(c), will give prompt written notice thereof to the relevant Borrower and Exide U.S. (a copy of
which shall be sent by such Lender to the Administrative Agent), which notice shall set forth such
Lender’s basis for asserting its rights under this Section 1.10(c) and the calculation, in
reasonable detail, of such additional amounts claimed hereunder, although the failure to give any
such notice shall not release or diminish any Borrower’s or Exide U.S.’s obligations to pay
additional amounts pursuant to this Section 1.10(c) upon the subsequent receipt of such notice. A
Lender’s good faith determination of compensation owing under this Section 1.10(c) shall, absent
manifest error, be final and conclusive and binding on all the parties hereto. For the avoidance
of doubt, nothing in this Section 1.10(c) shall require any Borrower to pay to any Lender any
amount for which such Lender is compensated by way of payment of Mandatory Costs.

(d) In the event that any Lender shall in good faith determine (which determination shall,
absent manifest error, be final and conclusive and binding on all parties hereto) at any time that
such Lender is required to maintain reserves (including, without limitation, any marginal,
emergency, supplemental, special or other reserves required by applicable law) which have been
established by any Federal, state, local or foreign court or governmental agency, authority,
instrumentality or regulatory body with jurisdiction over such Lender (including any branch,
Affiliate or funding office thereof) in respect of any Euro Denominated Loans or any category of
liabilities which includes deposits by reference to which the interest rate on any Euro Denominated
Loan is determined or any category of extensions of credit or other assets which includes loans by
a non-United States office of any Lender to non-United States residents, then, unless such reserves
are included in the calculation of the interest rate applicable to such Euro Denominated Loans or
in Section 1.10(a)(ii), such Lender shall promptly notify the respective Borrower and Exide U.S. in
writing specifying the additional amounts required to indemnify such Lender against the cost of
maintaining such reserves in respect of such Borrower’s Euro Denominated Loans (such written notice
to provide in reasonable detail a computation of such additional amounts) and, subject to Section
13.23, the respective Borrower and Exide U.S. shall be jointly and severally obligated to pay, to
such Lender such specified amounts as additional interest at the time that the respective Borrower
is otherwise required to pay interest in respect of such Euro Denominated Loan or, if later, on
written demand therefor by such Lender.

1.11 Compensation. Subject to Section 13.23, the respective Borrower and Exide U.S.
jointly and severally agree to compensate each Lender, upon its written request (which request
shall set forth in reasonable detail the basis for requesting such compensation), for all losses,
reasonable expenses and liabilities (including, without limitation, any loss, expense or liability
incurred by reason of the liquidation or reemployment of deposits or other funds required by such
Lender to fund its Euro Rate Loans but excluding any loss of anticipated profit) which such Lender
may sustain: (i) if for any reason (other than a default by such Lender or any Agent) a Borrowing
of, or conversion from or into, Euro Rate Loans by the respective Borrower does not occur on a date
specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation (whether or not
withdrawn by the respective Borrower or Borrowers or deemed withdrawn pursuant to Section 1.10(a));
(ii) if any repayment (including any repayment made pursuant to Section 4.01 or 4.02 or as a result
of an acceleration of the Loans pursuant to Section 10 or as a result of the replacement of a
Lender, other than due to a Lender Default of such Lender, pursuant to Section 1.13, 4.01 or
13.12(b)) or conversion of any of its Euro Rate Loans occurs on a date which is not the last day of
an Interest Period applicable thereto; (iii) if any prepayment of any of its Euro Rate Loans is not
made on any date specified in a notice of prepayment given by the respective Borrower or Borrowers;
or (iv) as a consequence of (x) any other default by the respective Borrower to repay its Loans
when required by the terms of this Agreement or any Note held by such Lender or (y) any election
made pursuant to Section 1.10(b). Each Lender’s calculation of the amount of compensation owing
pursuant to this Section 1.11 shall be made in good faith. A Lender’s basis for requesting
compensation pursuant to this Section 1.11 and a Lender’s calculation of the amount thereof, shall,
absent manifest error, be final and conclusive and binding on all parties hereto.

1.12 Change of Lending Office. (a)  Each Lender may at any time or from time to time
designate, by written notice to the Administrative Agent to the extent not already reflected on
Schedule II, one or more lending offices (which, for this purpose, may include Affiliates of the
respective Lender) for the various Loans made, and Letters of Credit participated in, by such
Lender (including, without limitation, by designating a separate lending office (or Affiliate) to
act as such with respect to U.S. Dollar Denominated Loans and U.S. Dollar Denominated Letter of
Credit Outstandings or Euro Denominated Loans and Euro Denominated Letter of Credit Outstandings);
provided that, for designations made after the Effective Date (unless such designation is
made after the occurrence of a Termination Event), to the extent such designation shall result in
increased costs under Section 1.10, 2.06 or 4.04 in excess of those which would be charged in the
absence of the designation of a different lending office (including a different Affiliate of the
respective Lender), then the Borrowers shall not be obligated to pay such excess increased costs
(although if such designation results in increased costs, the Borrowers shall be obligated to pay
the costs which would have applied in the absence of such designation and any subsequent increased
costs of the type described above resulting from changes after the date of the respective
designation). Except as provided in the immediately preceding sentence, each lending office and
Affiliate of any Lender designated as provided above shall, for all purposes of this Agreement, be
treated in the same manner as the respective Lender (and shall be entitled to all indemnities and
similar provisions in respect of its acting as such hereunder).

(b) Each Lender agrees that upon the occurrence of any event giving rise to the operation of
Section 1.10(a)(ii) or (iii), Section 1.10(c), Section 2.06 or Section 4.04 with respect to such
Lender, it will, if requested by the applicable Borrower by notice to such Lender, use reasonable
efforts (subject to overall policy considerations of such Lender) to designate another lending
office for any Loans or Letters of Credit affected by such event, provided that such
designation is made on such terms that such Lender and its lending office suffer no economic, legal
or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to
the operation of such Section. Nothing in this Section 1.12 shall affect or postpone any of the
obligations of any Borrower or the rights of any Lender provided in Sections 1.10, 2.06 and 4.04.

1.13 Replacement of Lenders. (x)  If any Lender becomes a Defaulting Lender, (y) upon
the occurrence of any event giving rise to the operation of Section 1.10(a)(ii) or (iii), Section
1.10(c) or (d), Section 2.06 or Section 4.04 with respect to any Lender which results in such
Lender charging to any Borrower increased costs materially in excess of the average costs being
charged by the other Lenders in respect of such contingency or (z) in the case of a refusal by a
Lender to consent to a proposed change, waiver, discharge or termination with respect to this
Agreement which has been approved by the Required Lenders as provided in Section 13.12(b), Exide
U.S. shall have the right, in accordance with the requirements of Section 13.04(b), if no Event of
Default then exists or would exist after giving effect to such replacement, to replace such Lender
(the “Replaced Lender”) with one or more Eligible Transferees (collectively, the
“Replacement Lender”), none of whom shall constitute a Defaulting Lender at the time of
such replacement and each of whom shall be reasonably acceptable to the Administrative Agent or, in
the case of a replacement as provided in Section 13.12(b) where the consent of the respective
Lender is required with respect to less than all Tranches of its Loans or Commitments, at the
option of Exide U.S., to replace only the Commitments and/or outstanding Loans of such Lender in
respect of each Tranche where the consent of such Lender would otherwise be individually required,
with identical Commitments and/or Loans of the respective Tranche provided by the Replacement
Lender; provided that:

(i) at the time of any replacement pursuant to this Section 1.13, the Replacement Lender
shall enter into one or more Assignment and Assumption Agreements pursuant to Section
13.04(b) (and with all fees payable pursuant to said Section 13.04(b) to be paid by the
Replacement Lender) pursuant to which the Replacement Lender shall acquire all of the
Commitments and all then outstanding Loans (or, in the case of the replacement of less than
all the Tranches of Commitments and outstanding Loans of the respective Replaced Lender, all
the Commitments and/or all then outstanding Loans relating to the Tranche or Tranches with
respect to which such Lender is being replaced) of, and all participations in all then
outstanding Letters of Credit issued pursuant to the respective Tranche or Tranches where the
respective Lender is being replaced by, the Replaced Lender and, in connection therewith,
shall pay to (w) the Replaced Lender in respect thereof an amount equal to the sum (in the
relevant currency or currencies) of (A) an amount equal to the principal of, and all accrued
interest on, all then outstanding Loans of the respective Replaced Lender under each Tranche
with respect to which such Replaced Lender is being replaced, (B) an amount equal to all
Unpaid Drawings (if any) under each Tranche with respect to which the respective Replaced
Lender is being replaced, in each case that have been funded by (and not reimbursed to) such
Replaced Lender at such time, together with all then unpaid interest with respect thereto at
such time and (C) an amount equal to all accrued, but theretofore unpaid, Fees owing to the
Replaced Lender (but only with respect to the relevant Tranche or Tranches, in the case of
the replacement of less than all Tranches then held by the respective Replaced Lender)
pursuant to Section 3.01, (x) in the case of the replacement of any Revolving Loan
Commitment, the respective Issuing Lender amounts equal to such Replaced Lender’s RL Facility
Percentage of any Unpaid Drawings pursuant to Letters of Credit issued pursuant to the
respective Tranche evidenced by such Commitments (which at such time remain Unpaid Drawings)
with respect to Letters of Credit issued by such Issuing Lender to the extent such amount was
not theretofore funded by such Replaced Lender, (y) in the case of any replacement of any
Revolving Loan Commitments, the Swingline Lender an amount equal to such Replaced Lender’s
pro rata share of any Mandatory Borrowing for the relevant Tranche (determined in accordance
with Sections 1.01(f), as appropriate, and 1.07), to the extent such amount was not
theretofore funded by such Replaced Lender, without duplication and (z) the Administrative
Agent an amount equal to such Replaced Lender’s RL Facility Percentage of all then
outstanding Agent Advances; and

(ii) all obligations of the Borrowers owing to the Replaced Lender in respect of each
Tranche where such Replaced Lender is being replaced (other than those specifically described
in clause (i) above in respect of which the assignment purchase price has been, or is
concurrently being, paid) shall be paid in full to such Replaced Lender concurrently with
such replacement.

Upon the execution of the respective Assignment and Assumption Agreement, the payment of amounts
referred to in clauses (i) and (ii) above, recordation of the assignment on the Register by the
Administrative Agent pursuant to Section 13.17 and, if so requested by the Replacement Lender (when
applicable), delivery to the Replacement Lender of the appropriate Note or Notes executed by the
respective Borrower, (x) the Replacement Lender shall become a Lender hereunder and, unless the
respective Replaced Lender continues to have outstanding Term Loans or any Commitment hereunder,
the Replaced Lender shall cease to constitute a Lender hereunder, except with respect to
indemnification provisions under this Agreement (including, without limitation, Sections 1.10,
1.11, 2.06, 4.04, 13.01 and 13.06), which shall survive as to such Replaced Lender and (y) in the
case of the replacement of any Revolving Loan Commitment pursuant to this Section 1.13, the RL
Facility Percentages of the Lenders shall be automatically adjusted at such time to give effect to
such replacement. In connection with any replacement of Lenders pursuant to, and as contemplated
by, this Section 1.13, each Borrower hereby irrevocably authorizes Exide U.S. to take all necessary
action, in the name of such Borrower, as described above in this Section 1.13 in order to effect
the replacement of the respective Lender or Lenders in accordance with the preceding provisions of
this Section 1.13.

1.14 Special Provisions Applicable to Lenders Upon the Occurrence of a Termination
Event. (a) On the date of the occurrence of a Termination Event, automatically (and without
the taking of any action) (x) all then outstanding Euro Denominated Term Loans shall be
automatically converted into Term Loans of the respective Tranche maintained in U.S. Dollars (in an
amount equal to the U.S. Dollar Equivalent of the aggregate principal amount of the respective Term
Loans on the date such Termination Event first occurred, which Term Loans (i) shall continue to be
owed by the U.S. Borrower or the European Borrower, as the case may be, (ii) shall at all times
thereafter be deemed to be Base Rate Loans and (iii) shall be immediately due and payable on the
date such Termination Event has occurred) and (y) all principal, accrued and unpaid interest and
other amounts owing with respect to such Euro Denominated Term Loans shall be immediately due and
payable in U.S. Dollars, in the U.S. Dollar Equivalent of such principal, accrued and unpaid
interest and other amounts. The occurrence of any conversion of Euro Denominated Term Loans to
Base Rate Loans as provided above in this Section 1.14(a) shall be deemed to constitute, for
purposes of Section 1.11, a prepayment of Loans before the last day of any Interest Period relating
thereto.

(b) Upon, and after, the occurrence of a Termination Event all amounts from time to time
accruing with respect to, and all amounts from time to time payable on account of, Euro Denominated
Term Loans (including, without limitation, any interest and other amounts which were accrued but
unpaid on the date of such Termination Event) shall be payable in U.S. Dollars (taking the U.S.
Dollar Equivalents of all such amounts on the date of the occurrence of the respective Termination
Event, with all calculations for periods after the Termination Event being made as if the
respective such Loan had originally been made in U.S. Dollars) and shall be distributed by the
Administrative Agent for the account of the Lenders which made such Term Loans or are participating
therein.

1.15 Incremental Commitments. (a) So long as the Incremental Commitment Request
Requirements are satisfied at the time of the delivery of the request referred to below, the ABL
Borrowers shall have the right, with the consent of, and in coordination with, the Administrative
Agent as to all of the matters set forth below in this Section 1.15, but without requiring the
consent of any of the Lenders, to request at any time and from time to time after the Initial
Borrowing Date and prior to the Revolving Loan Maturity Date, that one or more Lenders (and/or one
or more other Persons which are Eligible Transferees and which will become Lenders as provided
below) provide Incremental Commitments constituting Revolving Loan Commitments and, subject to the
applicable terms and conditions contained in this Agreement, make Revolving Loans and participate
in Letters of Credit pursuant thereto, it being understood and agreed, however, that (i) no Lender
shall be obligated to provide an Incremental Commitment as a result of any such request by the ABL
Borrowers, and until such time, if any, as such Lender has agreed in its sole discretion to provide
an Incremental Commitment and executed and delivered to the Administrative Agent an Incremental
Commitment Agreement in respect thereof as provided in clause (b) of this Section 1.15, such Lender
shall not be obligated to fund any Revolving Loans in excess of its Revolving Loan Commitment as in
effect prior to giving effect to such Incremental Commitment provided pursuant to this Section
1.15, (ii) any Lender (including any Eligible Transferee who will become a Lender) may so provide
an Incremental Commitment without the consent of any other Lender, (iii) each provision of
Incremental Commitments on a given date pursuant to this Section 1.15 shall be in a minimum
aggregate amount (for all Lenders (including any Eligible Transferee who will become a Lender)) of
at least $10,000,000 and in integral multiples of $1,000,000 in excess thereof, (iv) the aggregate
amount of all Incremental Commitments provided pursuant to this Section 1.15, shall not exceed the
Maximum Incremental Commitment Amount and (v) all Revolving Loans (and all interest, fees and other
amounts payable thereon), made pursuant to an Incremental Commitment shall be entitled to the
benefits of the guarantees and security provided under the Credit Documents to the other ABL
Obligations on a pari passu basis.

(b) At the time of the provision of Incremental Commitments pursuant to this Section 1.15,
each ABL Borrower, the Administrative Agent and each such Lender or other Eligible Transferee which
agrees to provide an Incremental Commitment (each, an “Incremental Lender”) shall execute
and deliver to the Administrative Agent an Incremental Commitment Agreement, with the effectiveness
of such Incremental Lender’s Incremental Commitment to occur on the date set forth in such
Incremental Commitment Agreement, which date in any event shall be no earlier than the date on
which (w) all fees required to be paid in connection therewith at the time of such effectiveness
shall have been paid (including, without limitation, any agreed upon up-front or arrangement fees
owing to the Administrative Agent (or any affiliate thereof)), (x) all Incremental Commitment
Requirements are satisfied, (y) all other conditions set forth in this Section 1.15 shall have been
satisfied, and (z) all other conditions precedent that may be set forth in such Incremental
Commitment Agreement shall have been satisfied. The Administrative Agent shall promptly notify
each Lender as to the effectiveness of each Incremental Commitment Agreement, and at such time, (i)
the Total Revolving Loan Commitment under, and for all purposes of, this Agreement shall be
increased by the aggregate amount of such Incremental Commitments; provided that the
Administrative Agent shall have consented to such increase, (ii) Schedule I shall be deemed
modified to reflect the revised Commitments of the affected Lenders and (iii) to the extent
requested by any Incremental Lender, Notes will be issued, at the expense of each applicable ABL
Borrower, to such Incremental Lender in conformity with the requirements of Section 1.05.

(c) At the time of any provision of Incremental Commitments pursuant to this Section 1.15, the
ABL Borrowers shall, in coordination with the Administrative Agent, repay outstanding Revolving
Loans of certain of the Lenders under the relevant Tranche or Tranches, and incur additional
Revolving Loans from certain other Lenders under the relevant Tranche or Tranches (including the
Incremental Lenders), (even though as a result thereof such new Loans (to the extent required to be
maintained as Euro Rate Loans) may have a shorter Interest Period (i.e. one which begins
later) than the then outstanding Borrowings of the respective such Loans), in each case to the
extent necessary so that all of the Lenders under the relevant Tranche or Tranches participate in
each outstanding borrowing of Revolving Loans under the relevant Tranche or Tranches pro
rata on the basis of their respective Commitments under the relevant Tranche or Tranches
(after giving effect to any increase in the Total Revolving Loan Commitment pursuant to this
Section 1.15) and with the relevant ABL Borrowers under the relevant Tranche being jointly and
severally obligated to pay to the respective Lenders any costs of the type referred to in
Section 1.11 and such amounts, as reasonably determined by the respective Lenders, to compensate
them for funding the various Revolving Loans during an existing Interest Period (rather than at the
beginning of the respective Interest Period, based upon rates then applicable thereto) in
connection with any such repayment and/or incurrence. All determinations by any Lender pursuant to
the preceding sentence shall, absent manifest error, be final and conclusive and binding on all
parties hereto.

SECTION 2. Letters of Credit.

2.01 Letters of Credit. (a)  Subject to and upon the terms and conditions set forth
herein (including, without limitation, the conditions set forth in Section 6) (i) the U.S. ABL
Borrowers may jointly and severally request and (ii) the European Borrower may request, in each
case, that an Issuing Lender issue, at any time and from time to time on and after the Initial
Borrowing Date and prior to the fifth Business Day (or the 30th day in the case of Trade Letters of
Credit) preceding the Revolving Loan Maturity Date, to issue, (x) for the joint and several account
of the U.S. ABL Borrowers (if requested by a U.S. ABL Borrower), or for the account of the European
Borrower (if requested by the European Borrower) and for the benefit of any holder (or any trustee,
agent or other similar representative for any such holders) of L/C Supportable Indebtedness of the
respective Account Party or any of its or their Subsidiaries, irrevocable standby letters of
credit, in a form customarily used by such Issuing Lender or in such other form as has been
approved by such Issuing Lender (each such standby letter of credit, a “Standby Letter of
Credit”) in support of such L/C Supportable Indebtedness and (y) for the account of the
respective Account Party and for the benefit of, sellers of goods to the respective Account Party
or any of its or their Subsidiaries in the ordinary course of business, irrevocable sight trade
letters of credit in a form customarily used by such Issuing Lender or in such other form as has
been approved by such Issuing Lender (each such trade letter of credit, a “Trade Letter of
Credit”, and each such Standby Letter of Credit and Trade Letter of Credit, a “Letter of
Credit” and collectively, the “Letters of Credit”). All Letters of Credit shall be
issued on a sight basis only. Each Letter of Credit shall be deemed to constitute a utilization of
the Revolving Loan Commitments and shall be participated in (as more fully described in following
Section 2.04(a)) by the ABL Lenders in accordance with their respective RL Facility
Percentages. All Letters of Credit issued for the account of the U.S. ABL Borrowers (each, a
“U.S. Borrower Letter of Credit” and collectively, the “U.S. Borrower Letters of
Credit”) shall be issued for the joint and several account of the U.S. ABL Borrowers. All
Letters of Credit issued for the account of the European Borrower (each, a “European Borrower
Letter of Credit” and collectively, the “European Borrower Letters of Credit”) shall be
issued for the account of the European Borrower. All Letters of Credit shall be denominated in
U.S. Dollars or Euros. The European Borrower shall have no liability under this Agreement with
respect to any U.S. Borrower Letter of Credit which may be issued to the U.S. ABL Borrowers.

(b) Subject to and upon the terms and conditions set forth herein, each Issuing Lender hereby
agrees that it will, at any time and from time to time on and after the Initial Borrowing Date and
prior to the fifth Business Day (or the 30th day in the case of Trade Letters of Credit) preceding
the Revolving Loan Maturity Date, following its receipt of the respective Letter of Credit Request,
issue for the account of the respective Account Party one or more Letters of Credit, (x) in the
case of Trade Letters of Credit, in support of trade obligations of the respective Account Party or
any of its or their Subsidiaries that arise in the ordinary course of business or (y) in the case
of Standby Letters of Credit, in support of such L/C Supportable Indebtedness as is permitted to
remain outstanding without giving rise to a Default or Event of Default hereunder, provided
that the respective Issuing Lender shall be under no obligation to issue any Letter of Credit if at
the time of such issuance:

(i) any order, judgment or decree of any governmental authority or arbitrator shall
purport by its terms to enjoin or restrain such Issuing Lender from issuing such Letter of
Credit or any requirement of law applicable to such Issuing Lender or any request or
directive (whether or not having the force of law) from any governmental authority with
jurisdiction over such Issuing Lender shall prohibit, or request that such Issuing Lender
refrain from, the issuance of letters of credit generally or such Letter of Credit in
particular or shall impose upon such Issuing Lender with respect to such Letter of Credit any
restriction or reserve or capital requirement (for which such Issuing Lender is not otherwise
compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense
which was not applicable, in effect or known to such Issuing Lender as of the date hereof and
which such Issuing Lender in good faith deems material to it;

(ii) such Issuing Lender shall have received written notice from either Borrower or the
ABL Required Lenders prior to the issuance of such Letter of Credit of the type described in
clause (vi) of Section 2.01(d) or the last sentence of Section 2.03(b); or

(iii) a Lender Default exists with respect to any ABL Lender, unless the Issuing Lender
has entered into arrangements satisfactory to it and the respective Account Party or Account
Parties to eliminate such Issuing Lender’s risk with respect to the Lender which is the
subject of the Lender Default, including by cash collateralizing (in U.S. Dollars or Euros,
as appropriate) such Lender’s RL Facility Percentage of the Letter of Credit Outstandings.

(c) Schedule 2.01(c) contains a description of certain letters of credit that were issued
pursuant to the Existing Credit Agreement and which remain outstanding on the Effective Date (and
setting forth, with respect to each such letter of credit, (i) the name of the issuing lender, (ii)
the letter of credit number, (iii) the name(s) of the account party or account parties, (iv) the
stated amount, (v) the name of the beneficiary, (vi) the expiry date, (vii) whether such letter of
credit constitutes a standby letter of credit or a trade letter of credit and (viii) whether such
Existing Letter of Credit constitutes a U.S. Borrower Letter of Credit or European Borrower Letter
of Credit). Each such letter of credit designated on Schedule 2.01(c), including any extension or
renewal thereof in accordance with the terms thereof and hereof (each, as amended from time to time
in accordance with the terms thereof and hereof, an “Existing Letter of Credit”) shall
constitute a “Letter of Credit” for all purposes of this Agreement and shall be deemed
issued on the Effective Date.

(d) Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of
Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings
(for this purpose, using the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars)
(exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the
respective Letter of Credit) at such time would exceed $75,000,000, (ii) no Letter of Credit shall
be issued at any time when the Aggregate RL Facility Exposure exceeds (or would after giving effect
to such issuance exceed) the Total Revolving Loan Commitment at such time, (iii) (x) each Standby
Letter of Credit shall by its terms terminate on or before the date which occurs 12 months after
the date of the issuance thereof (although any such Standby Letter of Credit may be extendable for
successive periods of up to 12 months, but not beyond the fifth Business Day preceding the
Revolving Loan Maturity Date, on terms acceptable to the Issuing Lender thereof) and (y) each Trade
Letter of Credit shall by its terms terminate on or before the date occurring not later than 180
days after such Trade Letter of Credit’s date of issuance, (iv) (x) no Standby Letter of Credit
shall have an expiry date occurring later than the fifth Business Day preceding the Revolving Loan
Maturity Date and (y) no Trade Letter of Credit shall have an expiry date occurring later than 30
days prior to the Revolving Loan Maturity Date, (v) each Letter of Credit shall be denominated in
Euros or U.S. Dollars and (vi) no Issuing Lender will issue any Letter of Credit after it has
received written notice from a Borrower or the ABL Required Lenders stating that a Default or an
Event of Default exists until such time as such Issuing Lender shall have received a written notice
of (x) rescission of such notice from the party or parties originally delivering the same or (y) a
waiver of such Default or Event of Default by the ABL Required Lenders.

2.02 Minimum Stated Amount. The Stated Amount of each Letter of Credit upon issuance
shall be not less than (x) in the case of a U.S. Dollar Denominated Letter of Credit, $250,000 and
(y) in the case of a Euro Denominated Letter of Credit, €250,000 or in each case such lesser amount
as is reasonably acceptable to the respective Issuing Lender.

2.03 Letter of Credit Requests. (a)  Whenever an Account Party desires that a Letter
of Credit be issued for its account, such Account Party shall give the Administrative Agent (at the
appropriate Notice Office) and the respective Issuing Lender at least 3 days’ (or such shorter
period as is acceptable to such Issuing Lender in any given case) written notice (including by way
of facsimile (or other electronic) transmission) prior to the proposed date of issuance (which
shall be a Business Day). Each notice shall be in the form of Exhibit C (each, a “Letter of
Credit Request”), including, without limitation, by specifying whether the requested Letter of
Credit shall constitute a U.S. Borrower Letter of Credit or a European Borrower Letter of Credit
and the Available Currency in which the requested Letter of Credit is to be denominated. Each
Letter of Credit Request shall include any other documents as such Issuing Lender customarily
requires in connection therewith.

(b) The making of each Letter of Credit Request shall be deemed to be a representation and
warranty by the Account Party requesting same that such Letter of Credit may be issued in
accordance with, and will not violate the requirements of, Section 2.01(c). Unless the respective
Issuing Lender has received notice from the ABL Required Lenders before it issues a Letter of
Credit that one or more of the applicable conditions specified in Section 5 or 6, as the case may
be, are not then satisfied, or that the issuance of such Letter of Credit would violate Section
2.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the
respective Account Party in accordance with such Issuing Lender’s usual and customary practices.

2.04 Letter of Credit Participations. (a)  Immediately upon the issuance by any
Issuing Lender of any Letter of Credit, such Issuing Lender shall be deemed to have sold and
transferred to each ABL Lender (each such Lender with respect to any Letter of Credit, in its
capacity under this Section 2.04, a “L/C Participant”), and each such L/C Participant shall
be deemed irrevocably and unconditionally to have purchased and received from such Issuing Lender,
without recourse or warranty, an undivided interest and participation, in a percentage equal to
such L/C Participant’s RL Facility Percentage, in such Letter of Credit, each Drawing made
thereunder and the obligations of the respective Account Party under this Agreement with respect
thereto (although Letter of Credit Fees shall be payable directly to the Administrative Agent for
the account of the ABL Lenders, as provided in Section 3.01(b) and the L/C Participants shall have
no right to receive any portion of any Facing Fees with respect to any such Letters of Credit) and
any security therefor or guaranty pertaining thereto. Upon any change in the Revolving Loan
Commitments and, as a result thereof the RL Facility Percentages, of the ABL Lenders pursuant to
Section 1.13 or 13.04, it is hereby agreed that, with respect to all outstanding Letters of Credit
and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations
pursuant to this Section 2.04 to reflect the new RL Facility Percentages of the ABL Lenders. With
respect to each Letter of Credit from time to time outstanding, the percentage participations
therein of the various ABL Lenders calculated as provided above in this Section 2.04(a) are herein
called the “L/C Participation Percentages” of the various ABL Lenders in such Letters of
Credit. All calculations of the L/C Participation Percentages shall be made from time to time by
the Administrative Agent, which calculations shall be conclusive absent manifest error.

(b) In determining whether to pay under any Letter of Credit, the respective Issuing Lender
shall have no obligation relative to the other Lenders other than to confirm that any documents
required to be delivered under such Letter of Credit appear to have been delivered and that they
appear to substantially comply on their face with the requirements of such Letter of Credit. Any
action taken or omitted to be taken by any Issuing Lender under or in connection with any Letter of
Credit issued by it if taken or omitted in the absence of gross negligence or willful misconduct
(as determined by a court of competent jurisdiction in a final and non-appealable decision), shall
not create for such Issuing Lender any resulting liability to any Account Party or any Lender.

(c) In the event that any Issuing Lender makes any payment or disbursement under any Letter of
Credit issued by it and the respective Account Party shall not have reimbursed such amount in full
to such Issuing Lender pursuant to Section 2.05(a), such Issuing Lender shall promptly notify the
Administrative Agent, which shall promptly notify each L/C Participant therein of such failure, and
each L/C Participant therein shall promptly and unconditionally pay to the Administrative Agent for
the account of such Issuing Lender the amount of such L/C Participant’s L/C Participation
Percentage (as relates to the respective Letter of Credit) of the respective Unpaid Drawing (with
the amount thereof and the currency in which same is owing to be calculated in accordance with the
provisions of Section 2.05(a)) in U.S. Dollars (or, to the extent the respective Unpaid Drawing is,
in accordance with Section 2.05(a), to be reimbursed by the respective Account Party in Euros, in
Euros) and in same day funds. If the Administrative Agent so notifies, prior to 11:00 A.M. (New
York time) on any Business Day, any L/C Participant required to fund an Unpaid Drawing under a
Letter of Credit, such L/C Participant shall make available to the Administrative Agent at the
Payment Office for the account of the respective Issuing Lender, in U.S. Dollars (or in Euros to
the extent the respective Unpaid Drawing is required to be paid by the respective Account Party in
Euros pursuant to the provisions of Section 2.05(a)), such L/C Participant’s L/C Participation
Percentage (as relates to the respective Letter of Credit) of the amount of such payment on such
Business Day in same day funds. If and to the extent that, for any reason, such L/C Participant
shall not have made its L/C Participation Percentage of the amount of such payment available to the
Administrative Agent for the account of the respective Issuing Lender, such L/C Participant agrees
to pay to the Administrative Agent for the account of such Issuing Lender, forthwith on demand such
amount, together with interest thereon, for each day from the date the respective Unpaid Drawing
occurred until the date such amount is paid to the Administrative Agent for the account of such
Issuing Lender at the overnight Federal Funds Rate (or, in the case of amounts owed in Euros, at
the Overnight Euro Rate), provided that if any L/C Participant does not make available to the
Administrative Agent any amounts required to be made available by it as described above within 2
Business Days after the respective L/C Participant has been notified by the Administrative Agent or
the respective Issuing Lender to make such amounts available, then the respective L/C Participant
shall pay interest on the amounts demanded of it at the same rates payable from time to time by the
respective Account Party on the respective Unpaid Drawings pursuant to Section 2.05(a). The
failure of any L/C Participant to make available to the Administrative Agent for the account of the
respective Issuing Lender its relevant L/C Participation Percentage of any payment under any Letter
of Credit issued by it shall not relieve any other L/C Participant in the respective Letter of
Credit of its obligation hereunder to make available to the Administrative Agent for the account of
such Issuing Lender its relevant L/C Participation Percentage of any such Letter of Credit on the
date required, as specified above, but no L/C Participant shall be responsible for the failure of
any other L/C Participant to make available to the Administrative Agent for the account of such
Issuing Lender such other L/C Participant’s relevant L/C Participation Percentage of any such
payment.

(d) Whenever any Issuing Lender receives a payment of a reimbursement obligation as to which
the Administrative Agent has received for the account of such Issuing Lender any payments from the
L/C Participants pursuant to clause (c) above, such Issuing Lender shall pay to the Administrative
Agent and the Administrative Agent shall promptly pay each L/C Participant which has paid its
relevant L/C Participation Percentage thereof, in U.S. Dollars (or in Euros in the case of payments
to be made in Euros pursuant to Section 2.05(a)) and in same day funds, an amount equal to such L/C
Participant’s share (based on the proportionate aggregate amount funded by such L/C Participant to
the aggregate amount funded by all L/C Participants) of the principal amount of such reimbursement
obligation and interest thereon accruing after the purchase of the respective participations.

(e) Each Issuing Lender shall, promptly after the issuance of, or amendment or modification
to, a Standby Letter of Credit, give the Administrative Agent and the respective Account Party
written notice of such issuance, amendment or modification, as the case may be and such notice
shall be accompanied by a copy of such Standby Letter of Credit, such amendment or such
modification, as the case may be. Promptly upon receipt of such notice, the Administrative Agent
shall notify each L/C Participant, in writing, of such issuance, amendment or modification and if
any L/C Participant shall so request, the Administrative Agent shall furnish said L/C Participant
with a copy of such Standby Letter of Credit, such amendment or such modification, as the case may
be.

(f) Each Issuing Lender shall deliver to the Administrative Agent, promptly on the first
Business Day of each week, by facsimile (or other electronic) transmission, the aggregate daily
Stated Amount available to be drawn under the outstanding Trade Letters of Credit issued by such
Issuing Lender for the previous week.

(g) The obligations of the L/C Participants to make payments to the Administrative Agent for
the account of the respective Issuing Lender with respect to Letters of Credit issued by it shall
be irrevocable and not subject to counterclaim, set off or other defense or any other qualification
or exception whatsoever and shall be made in accordance with the terms and conditions of this
Agreement under all circumstances, including, without limitation, any of the following
circumstances:

(i) any lack of validity or enforceability of this Agreement or any of the other Credit
Documents;

(ii) the existence of any claim, setoff, defense or other right which any Credit Party
or any of its Subsidiaries may have at any time against a beneficiary named in a Letter of
Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee
may be acting), any Agent, any Lender, any Issuing Lender, any L/C Participant, or any other
Person, whether in connection with this Agreement, any Letter of Credit, the transactions
contemplated herein or any unrelated transactions (including any underlying transaction
between any Credit Party or any of its Subsidiaries and the beneficiary named in any such
Letter of Credit);

(iii) any draft, certificate or any other document presented under any Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement
therein being untrue or inaccurate in any respect;

(iv) the surrender or impairment of any security for the performance or observance of
any of the terms of any of the Credit Documents; or

(v) the occurrence of any Default or Event of Default;

provided that the L/C Participants shall not be obligated to reimburse such Issuing Lender
for any wrongful payment made by such Issuing Lender under a Letter of Credit issued by it as a
result of deliberate acts or omissions constituting willful misconduct or gross negligence on the
part of such Issuing Lender (as determined by a court of competent jurisdiction in a final and
non-appealable decision). Any action taken or omitted to be taken by any Issuing Lender under or
in connection with any Letter of Credit shall not create for such Issuing Lender any resulting
liability to the L/C Participants or any other Person unless such action is taken or omitted to be
taken with gross negligence or willful misconduct (as determined by a court of competent
jurisdiction in a final and non-appealable decision).

2.05 Agreement to Repay Letter of Credit Drawings. (a) (i) The U.S. ABL Borrowers
hereby jointly and severally agree (with respect to the U.S. Borrower Letters of Credit) and (ii)
the European Borrower hereby agrees (with respect to the European Borrower Letters of Credit) to
reimburse the respective Issuing Lender by making payment to the Administrative Agent in the
relevant Available Currency in immediately available funds at the Payment Office (or by making the
payment directly to such Issuing Lender at such location as may otherwise have been agreed upon by
the respective Account Party and such Issuing Lender), for any payment or disbursement made by such
Issuing Lender under any Letter of Credit issued by it (each such amount so paid until reimbursed,
an “Unpaid Drawing”), not later than the third Business Day after the Administrative Agent
or the Issuing Lender notifies the respective Borrower of such payment or disbursement, with
interest on the amount so paid or disbursed by such Issuing Lender, to the extent not reimbursed
prior to 1:00 P.M. (New York time), on the date of such payment or disbursement, from and including
the date paid or disbursed to but excluding the date such Issuing Lender is reimbursed by the U.S.
Borrower or the European Borrower, as the case may be, therefor at a rate per annum
which shall be (x) in the case of U.S. Dollar Denominated Letters of Credit, the Base Rate in
effect from time to time plus the Applicable Margin for Revolving Loans maintained as Base
Rate Loans, as in effect from time to time and (y) in the case of Euro Denominated Letters of
Credit, the Overnight Euro Rate in effect from time to time plus the Applicable Margin for
Euro Denominated Revolving Loans as in effect from time to time plus any Mandatory Costs,
provided, however, to the extent such amounts are not reimbursed prior to 1:00 P.M.
(New York time) on the third Business Day following notice to the respective Account Party by the
Administrative Agent or the respective Issuing Lender of such payment or disbursement, interest
shall thereafter accrue on the amounts so paid or disbursed by such Issuing Lender (and until
reimbursed by the respective Account Party) at a rate per annum which shall be (x) in the case of
U.S. Dollar Denominated Letters of Credit, the Base Rate in effect from time to time plus
the Applicable Margin for Revolving Loans maintained as Base Rate Loans as in effect from time to
time plus 2% and (y) in the case of Euro Denominated Letters of Credit, the Overnight Euro
Rate in effect from time to time plus the Applicable Margin for Euro Denominated Revolving
Loans as in effect from time to time plus any Mandatory Costs plus 2%, in each such
case, with interest to be payable on demand, provided further, that it is
understood and agreed, however, that the notices referred to above in this clause (a) and in the
immediately preceding proviso shall not be required to be given if a Default or an Event of Default
under Section 10.05 shall have occurred and be continuing (in which case the Unpaid Drawings shall
be due and payable immediately without presentment, demand, protest or notice of any kind (all of
which are hereby waived by each Credit Party) and shall bear interest at the rate provided in the
foregoing proviso on and after the third Business Day following the respective Drawing). The
respective Issuing Lender shall give the respective Account Party prompt notice of each Drawing
under any Letter of Credit, provided that the failure to give, or any delay in giving, any
such notice shall in no way affect, impair or diminish the respective Account Party’s obligations
under this Agreement.

(b) The joint and several obligations of the U.S. ABL Borrowers (with respect to U.S. Borrower
Letters of Credit) and the obligations of the European Borrower (with respect to European Borrower
Letters of Credit), as the case may be, under this Section 2.05 to reimburse the respective Issuing
Lender with respect to Unpaid Drawings (including, in each case, interest thereon) shall be
absolute and unconditional under any and all circumstances and irrespective of any setoff,
counterclaim or defense to payment which the respective Account Party or Account Parties may have
or have had against any Lender (including in its capacity as an Issuing Lender or as a L/C
Participant), including, without limitation, any defense based upon the failure of any drawing
under a Letter of Credit (each, a “Drawing”) to conform to the terms of such Letter of
Credit or any nonapplication or misapplication by the beneficiary of the proceeds of such Drawing,
the respective Issuing Lender’s only obligation to the respective Account Party being to confirm
that any documents required to be delivered under such Letter of Credit appear to have been
delivered and that they appear to substantially comply on their face with requirements of such
Letter of Credit; provided, however, that no Account Party shall be obligated to
reimburse any Issuing Lender for any wrongful payment made by such Issuing Lender under a Letter of
Credit issued by it as a result of deliberate acts or omissions constituting willful misconduct or
gross negligence on the part of such Issuing Lender (as determined by a court of competent
jurisdiction in a final and non-appealable decision). Any action taken or omitted to be taken by
any Issuing Lender under or in connection with any Letter of Credit shall not create for such
Issuing Lender any resulting liability to any Account Party unless such action is taken or admitted
to be taken with gross negligence or willful misconduct (as determined by a court of competent
jurisdiction in a final and non-appealable decision).

2.06 Increased Costs. If after the Effective Date, any Issuing Lender or any L/C
Participant determines in good faith that the adoption or effectiveness after the Effective Date of
any applicable law, rule or regulation, order, guideline or request or any change therein, or any
change after the Effective Date in the interpretation or administration thereof by any governmental
authority, central bank or comparable agency charged with the interpretation or administration
thereof, or compliance by any Issuing Lender or any L/C Participant with any request or directive
(whether or not having the force of law) by any such authority, central bank or comparable agency
shall either (i) impose, modify or make applicable any reserve, deposit, capital adequacy or
similar requirement against Letters of Credit issued by such Issuing Lender or such L/C
Participant’s participation therein, or (ii) impose on any Issuing Lender or any L/C Participant
any other conditions directly or indirectly affecting this Agreement, any Letter of Credit or such
L/C Participant’s participation therein; and the result of any of the foregoing is to increase the
cost to such Issuing Lender or such L/C Participant of issuing, maintaining or participating in any
Letter of Credit, or to reduce the amount of any sum received or receivable by such Issuing Lender
or such L/C Participant hereunder or reduce the rate of return on its capital with respect to
Letters of Credit, then, upon written demand to the U.S. Borrower or the European Borrower, as the
case may be, by such Issuing Lender or such L/C Participant (a copy of which notice shall be sent
by such Issuing Lender or such L/C Participant to the Administrative Agent), accompanied by the
certificate described in the last sentence of this Section 2.06, the U.S. ABL Borrowers or the
European Borrower, as the case may be, shall, subject to the provisions of Section 13.23, pay to
such Issuing Lender or such L/C Participant the amount necessary to cover such increased cost or
reduction. A certificate submitted to the relevant Account Party by such Issuing Lender or such
L/C Participant, as the case may be (a copy of which certificate shall be sent by such Issuing
Lender or such L/C Participant to the Administrative Agent), setting forth in reasonable detail the
basis for the determination of such additional amount or amounts necessary to compensate such
Issuing Lender or such L/C Participant as aforesaid shall be final and conclusive and binding on
such Borrower absent manifest error, although the failure to deliver any such certificate shall not
release or diminish such Borrower’s obligations to pay additional amounts pursuant to this Section
2.06 upon subsequent receipt of such certificate.

SECTION 3. Fees; Commitments.

3.01 Fees. (a) The U.S. ABL Borrowers jointly and severally agree (with respect to
the Revolving Loan Commitments), to pay to the Administrative Agent for distribution to each
Non-Defaulting Lender with a Revolving Loan Commitment a commitment commission, in U.S. Dollars,
for the period from the Effective Date to but excluding the Revolving Loan Maturity Date (or such
earlier date as the Total Revolving Loan Commitment shall have been terminated), computed at a rate
equal to the Applicable Commitment Fee Percentage per annum on the daily average Unutilized
Revolving Loan Commitment of such Non-Defaulting Lender as in effect from time to time (with the
commitment commission payable as described in this clause (a) being herein referred to as “ABL
Unused Fees”). Accrued ABL Unused Fees shall be due and payable, in U.S. Dollars, quarterly in
arrears on each Quarterly Payment Date and on the Revolving Loan Maturity Date or such earlier date
upon which the Total Revolving Loan Commitment is terminated.

(b) (i) The U.S. ABL Borrowers jointly and severally agree (with respect to the U.S. Borrower
Letters of Credit) and (ii) the European Borrower agrees (with respect to the European Borrower
Letters of Credit) to pay to the Administrative Agent for distribution to each ABL Lender (based on
each such Lender’s respective L/C Participation Percentage as from time to time in effect) in U.S.
Dollars, a fee in respect of each Letter of Credit issued hereunder (with all fees payable as
described in this clause (b) being herein referred to as “Letter of Credit Fees”), in each
case, for the period from and including the date of issuance of such Letter of Credit through the
termination of such Letter of Credit, computed at a rate per annum equal to the Applicable Margin
for Revolving Loans maintained as Euro Rate Loans, as in effect from time to time, on the Stated
Amount of such Letter of Credit. Accrued Letter of Credit Fees shall be due and payable quarterly
in arrears on each Quarterly Payment Date and, in the case of Letter of Credit Fees owing pursuant
to preceding clause (x), on the first day on or after the termination of the Total Revolving Loan
Commitment upon which no Letters of Credit remain outstanding.

(c) The U.S. Borrowers jointly and severally agree (with respect to the U.S. Borrower Letters
of Credit) and (ii) the European Borrower agrees (with respect to the European Borrower Letters of
Credit) to pay to the respective Issuing Lender, for its own account, in U.S. Dollars, a facing fee
in respect of each Letter of Credit issued to it hereunder (the “Facing Fee”) for the
period from and including the date of issuance of such Letter of Credit to and including the
termination or expiration of such Letter of Credit, computed at a rate equal to 1/4 of 1% per annum
of the daily Stated Amount of such Letter of Credit, provided that in no event shall the annual
Facing Fee with respect to any Letter of Credit be less than the Minimum Applicable Facing Fee; it
being agreed that (i) on the date of issuance of any Letter of Credit and on each anniversary
thereof prior to the termination of such Letter of Credit, if the Minimum Applicable Facing Fee
will exceed the amount of Facing Fees that will accrue with respect to such Letter of Credit for
the immediately succeeding 12-month period, the full Minimum Applicable Facing Fee shall be payable
on the date of issuance of such Letter of Credit and on each such anniversary thereof prior to the
termination of such Letter of Credit and (ii) if on the date of the termination of any Letter of
Credit, the Minimum Applicable Facing Fee actually exceeds the amount of Facing Fees paid or
payable with respect to such Letter of Credit for the period beginning on the date of the issuance
thereof (or, if the respective Letter of Credit has been outstanding for more than one year, the
date of the last anniversary of the issuance thereof occurring prior to the termination of such
Letter of Credit) and ending on the date of the termination thereof, an amount equal to such excess
shall be paid as additional Facing Fees with respect to such Letter of Credit on the next date upon
which Facing Fees are payable in accordance with the immediately succeeding sentence. Except as
provided in the immediately preceding sentence, accrued Facing Fees shall be due and payable
quarterly in arrears on each Quarterly Payment Date and upon the first day on or after the
termination of the Total Revolving Loan Commitment upon which no Letters of Credit remain
outstanding.

(d) The respective Account Party agrees to pay to the respective Issuing Lender, in U.S.
Dollars, for its own account, upon each payment under, issuance of, or amendment to, any Letter of
Credit issued by it, such amount as shall at the time of such event be the administrative charge
which such Issuing Lender is customarily charging for issuances of, payments under or amendments
of, Letters of Credit issued by it; provided that no such fees shall be charged with
respect to the issuance of any Existing Letter of Credit.

(e) All voluntary prepayments of principal of U.S. Borrower Term Loans or European Borrower
Term Loans made before May 15, 2008 (other than any such voluntary prepayments made with (x)
internally generated funds or (y) the Net Sales Proceeds retained by either Borrower pursuant to
Section 4.02(c)) will be subject to payment by the relevant Borrower (and the relevant Borrower
agrees to pay) to the Administrative Agent, for the ratable account of each Lender whose Term Loans
are being prepaid (based on the relative principal amounts being repaid, taking the U.S. Dollar
Equivalent of any amounts in Euros) of a fee (payable in U.S. Dollars) in an amount equal to 1% of
the aggregate principal amount (taking the U.S. Dollar Equivalent of any amounts denominated in
Euros) of such prepayment.

(f) Each Borrower agrees to pay to each Agent, for its own account, such other fees as have
been agreed to in writing by such Borrower and the Administrative Agent.

(g) All computations of Fees shall be made in accordance with Section 13.07(b).

3.02 Voluntary Termination or Reduction of Revolving Loan Commitments and Adjustments of
Revolving Loan Commitments. (a)  Upon at least three Business Days’ prior notice from an
Authorized Officer of Exide U.S. to the Administrative Agent at its Notice Office (which notice the
Administrative Agent shall promptly transmit to each of the ABL Lenders), Exide U.S. shall have the
right, at any time or from time to time, without premium or penalty, to terminate the Total
Unutilized Revolving Loan Commitment at such time, in whole or in part, in aggregate minimum
amounts of at least $1,000,000 in the case of partial reductions; provided that no such
reduction shall be permitted to be made pursuant to this Section 3.02(a) if the effect thereof is
(x) to cause the Total RL Facility Revolving Loan Commitment to be less than $50,000,000 after
giving effect to the reduction thereto pursuant to this Section 3.02(a), unless the Total RL
Facility Revolving Loan Commitment is reduced to $0 after giving effect to such reduction or (y) to
cause the Aggregate RL Facility Exposure to exceed the Total RL Facility Revolving Loan Commitment
after giving effect to the reduction thereto pursuant to this Section 3.02(a). Each reduction to
the Total Revolving Loan Commitment pursuant to this Section 3.02(a) shall apply to proportionately
and permanently reduce the Revolving Loan Commitment of each ABL Lender (based on their respective
RL Facility Percentages).

(b) In the event of certain refusals by a Lender as provided in Section 4.01 or 13.12(b) to
consent to certain proposed changes, waivers, discharges or terminations with respect to this
Agreement which have been approved by the Required Lenders, Exide U.S. may, subject to the
applicable requirements of said Sections 4.01 and/or 13.12(b), upon five Business Days’ prior
written notice to the Administrative Agent at its Notice Office (which notice the Administrative
Agent shall promptly transmit to each of the Lenders) terminate the Revolving Loan Commitment, if
any of such Lender, so long as (x) all Loans, together with accrued and unpaid interest, Fees and
all other amounts, owing to such Lender (excluding amounts owing in respect of Loans of any Tranche
maintained by such Lender which are not being repaid pursuant to Section 13.12(b)) are repaid
concurrently with the effectiveness of such termination (at which time Schedule I shall be deemed
modified to reflect such changed amounts) and (y) after giving effect to such termination (and the
adjustments to the RL Facility Percentages and/or related L/C Participation Percentages of the
remaining Lenders as contemplated below), the Individual RL Facility Exposure of any remaining
Lender shall not exceed its Revolving Loan Commitment. After giving effect to the termination of
the Commitments of any Lender pursuant to the provisions of this Section 3.02(b), unless the
respective Lender continues to have outstanding Term Loans or other Commitments (if any) hereunder,
such Lender shall no longer constitute a “Lender” for purposes of this Agreement, except
with respect to indemnifications under this Agreement (including, without limitation, Sections
1.10, 1.11, 2.06, 4.04, 13.01 and 13.06), which shall survive as to such repaid Lender. In cases
where the Revolving Loan Commitment of any Lender is terminated pursuant to this Section 3.02(b),
except in cases where the respective Commitments are replaced in full, after giving effect to the
termination of any such Commitments of a given Lender pursuant to this Section 3.02(b), there shall
occur automatic adjustments (as determined by the Administrative Agent) in the RL Facility
Percentages (and as a result thereof in the related L/C Participation Percentages) of the remaining
Lenders.

(c) In connection with any reduction or termination of the Total Unutilized Revolving Loan
Commitment and/or the Revolving Loan Commitment of any ABL Lender pursuant to this Section 3.02 and
Section 3.03, as the case may be, each Borrower hereby irrevocably authorizes Exide U.S. to take
all necessary action, in the name of such Borrower as described in this Section 3.02 or Section
3.03 in order to effect the reduction or termination of the Total Unutilized Revolving Loan
Commitment and/or the Revolving Loan Commitment of such Lender in accordance with the provisions of
this Section 3.02 or Section 3.03, as the case may be.

3.03 Mandatory Reduction of Commitments. (a)  The Total Commitment (and the U.S.
Borrower Term Loan Commitment, the European Borrower U.S. Dollar Term Loan Commitment, the European
Borrower Euro Term Loan Commitment and the Revolving Loan Commitment of each Lender with such a
Commitment) shall terminate in its entirety on May 31, 2007 unless the Initial Borrowing Date has
occurred on or before such date.

(b) In addition to any other mandatory commitment reductions pursuant to this Section 3.03,
the Total U.S. Borrower Term Loan Commitment (and the U.S. Borrower Term Loan Commitment of each
Lender with such a Commitment) shall terminate in its entirety on the Initial Borrowing Date (after
giving effect to the making of U.S. Borrower Term Loans on such date).

(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03,
the Total European Borrower U.S. Dollar Term Loan Commitment (and the European Borrower U.S. Dollar
Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the
Initial Borrowing Date (after giving effect to the making of European Borrower U.S. Dollar Term
Loans on such date).

(d) In addition to any other mandatory commitment reductions pursuant to this Section 3.03,
the Total European Borrower Euro Term Loan Commitment (and the European Borrower Euro Term Loan
Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Initial
Borrowing Date (after giving effect to the making of European Borrower Euro Term Loans on such
date).

(e) In addition to any other mandatory commitment reductions pursuant to this Section 3.03,
the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Lender with such a
Commitment) shall terminate in its entirety on the earlier to occur of (i) the Revolving Loan
Maturity Date and (ii) unless the ABL Required Lenders shall otherwise consent in writing in their
sole discretion, a Change of Control.

(f) Each reduction to the Total U.S. Borrower Term Loan Commitment, the Total European
Borrower U.S. Dollar Term Loan Commitment, the Total European Borrower Euro Term Loan Commitment
and the Total Revolving Loan Commitment pursuant to this Section 3.03 as provided above (or
pursuant to Section 4.02) shall be applied proportionately to reduce the U.S. Borrower Term Loan
Commitment, the European Borrower U.S. Dollar Term Loan Commitment, the European Borrower Euro Term
Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Lender with such a
Commitment.

SECTION 4. Prepayments; Repayments; Taxes.

4.01 Voluntary Prepayments. Each Borrower shall have the right to prepay the Loans
made to such Borrower, without premium or penalty except as otherwise provided in this Agreement,
and the right to allocate such prepayments to Term Loans, Revolving Loans and/or Swingline Loans as
such Borrower elects, in whole or in part, at any time and from time to time on, and subject to,
the following terms and conditions:

(i) an Authorized Officer of such Borrower shall give the Administrative Agent at its
Notice Office written notice (or telephonic notice promptly confirmed in writing) of its
intent to prepay the Loans, whether such Loans are U.S. Borrower Term Loans, European
Borrower U.S. Dollar Term Loans, European Borrower Euro Term Loans, U.S. ABL Borrowers
Revolving Loans, European Borrower Revolving Loans, U.S. ABL Borrowers Swingline Loans and/or
European Borrower Swingline Loans, the amount and currency (or currencies) of the Loans to be
prepaid, the Types of Loans to be repaid and, in the case of Euro Rate Loans (other than
Swingline Loans), the specific Borrowing or Borrowings pursuant to which made, which notice
shall be given by the Authorized Officer of such Borrower (x) prior to 2:00 P.M. (New York
time) at least one Business Day prior to the date of such prepayment in the case of Loans
maintained as Base Rate Loans, (y) the date of such prepayment in the case of Swingline
Loans, provided such notice is given prior to 10:00 A.M. (New York time) and (z)
prior to 10:00 A.M. (New York time) at least three Business Days prior to the date of such
prepayment in the case of Euro Rate Loans (other than Euro Denominated Swingline Loans) and
shall, except in the case of Swingline Loans, be promptly transmitted by the Administrative
Agent to each of the Lenders;

(ii) each partial prepayment applied to any Tranche of Loans shall be in an aggregate
principal amount of at least $1,000,000 (taking the U.S. Dollar Equivalent of any amounts to
be prepaid in Euros) (or the applicable Minimum Borrowing Amount in the case of Swingline
Loans), provided that (x) if any partial prepayment of Eurodollar Loans made pursuant
to any Borrowing shall reduce the outstanding Eurodollar Loans made pursuant to such
Borrowing to an amount less than the Minimum Borrowing Amount applicable thereto, then such
Borrowing may not be continued as a Borrowing of Eurodollar Loans beyond the Interest Period
applicable thereto and any election of an Interest Period with respect thereto given by such
Borrower shall have no force or effect and (y) in the case of partial prepayments of any
Borrowing of Euro Rate Loans (other than Euro Denominated Swingline Loans) denominated in
currencies other than U.S. Dollars, such Borrower shall use reasonable efforts to allocate
such prepayments in a manner so that Borrowings do not remain outstanding in amounts less
than the Minimum Borrowing Amount applicable thereto (and, to the extent such Borrowings
would remain outstanding in amounts which are less than the Minimum Borrowing Amount
applicable thereto, in the case of Revolving Loans, such Borrower shall repay any Borrowings
which are less than the Minimum Borrowing Amount applicable thereto at the end of the then
current Interest Period);

(iii) at the time of any prepayment of Euro Rate Loans (other than Euro Denominated
Swingline Loans) pursuant to this Section 4.01 on any date other than the last day of the
Interest Period applicable thereto, such Borrower shall pay the amounts required pursuant to
Section 1.11;

(iv) except as provided in clause (vi) below, each prepayment in respect of any Loans
made pursuant to a Borrowing shall be applied pro rata among such Loans made pursuant to such
Borrowing, provided, that at such Borrower’s election in connection with any
prepayment of Revolving Loans pursuant to this Section 4.01, such prepayment shall not be
applied to the prepayment of the respective Revolving Loans of a Defaulting Lender;

(v) (A) each prepayment of principal of any Term Loans pursuant to this Section 4.01
shall be applied pro rata (based on the TL Repayment Percentages of the
various Tranches of Term Loans) to the prepayment of each Tranche of then outstanding Term
Loans, provided that (I)(x) at the election of the U.S. Borrower, any prepayment of
principal of outstanding Term Loans by the U.S. Borrower pursuant to this Section 4.01 shall
be applied, (i) first, to repay U.S. Borrower Term Loans, and (ii) second, to the extent no
U.S. Borrower Term Loans are then outstanding, to repay European Borrower U.S. Dollar Term
Loans and European Borrower Euro Term Loans on a pro rata basis (taking the
U.S. Dollar Equivalent of any amounts denominated in Euros) and (y) at the election of the
European Borrower, any prepayment of principal of outstanding Term Loans by the European
Borrower pursuant to this Section 4.01 shall be applied, (i) first, to repay European
Borrower Euro Term Loans and European Borrower U.S. Dollar Term Loans on a pro
rata basis (taking the U.S. Dollar Equivalent of any amounts denominated in Euros),
and (ii) second, to the extent no European Borrower Term Loans are then outstanding, to repay
U.S. Borrower Term Loans, and (II) at the election of the respective TL Borrower, (x) any
prepayment of principal of outstanding U.S. Borrower Term Loans may, in lieu of the
applications otherwise provided herein, be applied to pay, in direct order of maturity,
Scheduled Repayments of U.S. Borrower Term Loans which will be due within 12 months after the
date of the respective voluntary prepayment pursuant to this Section 4.01 and (y) any
prepayment of principal of outstanding European Borrower Term Loans may, in lieu of the
applications otherwise provided herein, be applied to pay in direct order of maturity,
Scheduled Repayments of European Borrower Term Loans which will be due within 12 months after
the date of the respective voluntary prepayment pursuant to this Section 4.01 (which payments
shall, in direct order, apply to repay in full all Scheduled Repayments of all European
Borrower Term Loans due on any Scheduled Repayment Date with respect to which any principal
of European Borrower Term Loans is being prepaid or, if the prepayment is insufficient to
make such prepayments in full, pro rata to the European Borrower Term Loans
based on the relative amounts (taking the U.S. Dollar Equivalent of amounts expressed in
Euros) of the Scheduled Repayments which will be due on the respective Scheduled Repayment
Date), and in each case with any excess amount of any such prepayment to be applied as
provided in the immediately succeeding subclause (B), and (B) each prepayment of principal of
U.S. Borrower Term Loans, European Borrower U.S. Dollar Term Loans and European Borrower Euro
Term Loans pursuant to this Section 4.01 shall be applied to reduce the then remaining
Scheduled Repayments of the respective Tranche of Term Loans, pro rata based
on the relative amounts of each then remaining Scheduled Repayment applicable to the
respective Tranche of Loans, provided that voluntary repayments of principal of U.S.
Borrower Term Loans, European Borrower U.S. Dollar Term Loans and European Borrower Euro Term
Loans made pursuant to subclause (II) to the proviso to preceding clause (A) shall instead be
applied to reduce the Scheduled Repayments of the respective Tranche in direct order of
maturity;

(vi) in the event of certain refusals by a Lender as provided in Section 13.12(b) to
consent to certain proposed changes, waivers, discharges or terminations with respect to this
Agreement which have been approved by the Required Lenders, such Borrower may, upon five
Business Days’ written notice by an Authorized Officer of such Borrower to the Administrative
Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to
each of the Lenders), repay all Loans and pay all accrued and unpaid interest, Fees, and
other amounts, in each case owing to such Lender (or owing to such Lender with respect to
each Tranche which gave rise to the need to obtain such Lender’s individual consent) in
accordance with, and subject to the requirements of, said Section 13.12(b) so long as (A) in
the case of the repayment of Revolving Loans of any Lender pursuant to this clause (vi), the
Revolving Loan Commitment of such Lender is terminated concurrently with such repayment (at
which time Schedule I shall be deemed modified to reflect the changed Revolving Loan
Commitments) and (B) the consents required by Section 13.12(b) in connection with the
repayment pursuant to this clause (vi) have been obtained; and

(vii) each prepayment of Term Loans pursuant to this Section 4.01 (other than any such
prepayment made with (x) internally generated funds or (y) the Net Sales Proceeds retained by
any Borrower pursuant to Section 4.02(c)) made prior to May 15, 2008 shall be subject to the
payment of the fee described in Section 3.01(e).

4.02 Mandatory Repayments and Commitment Reductions. (a)  (i) On any day on which any
one or more of the following conditions shall exist, the applicable Borrowers shall repay Loans
and/or cash collateralize outstanding Letters of Credit pursuant to clause (ii) below in such
amount as may be required to cause such conditions to cease to exist on such day:

(x) the Aggregate U.S. Borrower Exposure exceeds 100% of the U.S. Borrowing Base at
such time less the Foreign U.S. Borrowing Base Usage at such time;

(y) the Aggregate RL Facility Exposure at such time exceeds 100% of the Total Borrowing
Base at such time (other than during an Agent Advance Period); and/or

(z) the Aggregate RL Facility Exposure at such time exceeds the Total Revolving Loan
Commitment at such time.

For purposes of this Section 4.02(a)(i) the relevant Borrowing Bases will be based upon the
Borrowing Base Certificate most recently delivered.

(ii) In connection with any repayment and/or cash collateralization required pursuant to
Section 4.02(a)(i) on any day, the ABL Borrowers shall prepay the Loans in the following order:

(1) in the case of a repayment and/or cash collateralization required pursuant to
Section 4.02(a)(i)(x), the U.S. ABL Borrowers shall prepay on such day the principal of
outstanding U.S. ABL Borrowers Swingline Loans and, after all U.S. ABL Borrowers Swingline
Loans have been repaid in full or if no U.S. ABL Borrowers Swingline Loans are outstanding,
U.S. ABL Borrowers Revolving Loans, in each case in such amount as may be required to cause
the conditions giving rise to such mandatory repayment requirement to cease to exist on such
day,

(2) in the case of a repayment and/or cash collateralization required pursuant to
Section 4.02(a)(i)(y), (A) the U.S. ABL Borrowers shall prepay on such day the principal of
outstanding U.S. ABL Borrowers Swingline Loans and, after all U.S. ABL Borrowers Swingline
Loans have been repaid in full or if no U.S. ABL Borrowers Swingline Loans are outstanding,
U.S. ABL Borrowers Revolving Loans, and (B) the European Borrower shall prepay on such day
the principal of outstanding European Borrower Swingline Loans and, after all European
Borrower Swingline Loans have been repaid in full or if no European Borrower Swingline Loans
are outstanding, European Borrower Revolving Loans, in each case in such amount as may be
required to cause the conditions giving rise to such mandatory repayment requirement to
cease to exist on such day,

(3) in the case of a repayment and/or cash collateralization required pursuant to
Section 4.02(a)(i)(z), (A) the U.S. ABL Borrowers shall prepay on such day the principal of
outstanding U.S. ABL Borrowers Swingline Loans and, after all U.S. ABL Borrowers Swingline
Loans have been repaid in full or if no U.S. ABL Borrowers Swingline Loans are outstanding,
U.S. ABL Borrowers Revolving Loans, and (B) the European Borrower shall prepay on such day
the principal of outstanding European Borrower Swingline Loans and, after all European
Borrower Swingline Loans have been repaid in full or if no European Borrower Swingline Loans
are outstanding, European Borrower Revolving Loans, in each case in such amount as may be
required to cause the conditions giving rise to such mandatory repayment requirement to
cease to exist on such day,

If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans,
any of the conditions set forth in Section 4.02(a)(i) continues to exist, (A) first, the U.S. ABL
Borrowers shall pay to the Administrative Agent at the Payment Office on such day an amount of cash
and/or Cash Equivalents equal to the amount (up to a maximum amount equal to 105% of the Letter of
Credit Outstandings in respect of U.S. Borrower Letters of Credit at such time), such cash and/or
Cash Equivalents to be held as security for all obligations of the U.S. ABL Borrowers to the
Issuing Lenders and the ABL Lenders hereunder in a cash collateral account to be established by,
and under the sole dominion and control of, the Administrative Agent and (B), second, the European
Borrower shall pay to the Administrative Agent at the Payment Office on such day an amount of cash
and/or Cash Equivalents equal to the amount (up to a maximum amount equal to 105% of the Letter of
Credit Outstandings in respect of European Borrower Letters of Credit at such time), such cash
and/or Cash Equivalents to be held as security for all obligations of the European Borrower to the
Issuing Lenders and the ABL Lenders hereunder in a cash collateral account to be established by,
and under the sole dominion and control of, the Administrative Agent, in each case in such amounts
as may be required to cause the conditions giving rise to such mandatory repayment requirement to
cease to exist on such day.

(iii) Notwithstanding anything to the contrary contained herein, so long as no Default or
Event of Default has occurred and is continuing at the time of any prepayment required pursuant to
this Section 4.02, the ABL Borrowers may prepay U.S. ABL Borrowers Revolving Loans, European
Borrower Revolving Loans, U.S. ABL Borrowers Swingline Loans and European Borrower Swingline Loans
and cash collateralize Letters of Credit as directed by Exide U.S. (so long as such application
cures the related conditions).

If any condition set forth in subclauses (x), (y) or (z) of Section 4.02(a)(i) exists solely
as a result of currency fluctuations of Euro Denominated Loans, then the repayments or cash
collateralizations required pursuant to Section 4.02(a)(i) shall only be required if the relevant
excess amount (for this purpose, using the U.S. Dollar Equivalent thereof) exceeds 105% of the
relevant permitted maximum amount of the relevant Commitment as then in effect as provided in
Section 4.02(a)(i) for more than three consecutive Business Days (at which time the excess of 100%
shall be required to be eliminated).

(b) In addition to any other mandatory repayments pursuant to this Section 4.02, on each
September 30, December 31, March 31 and June 30 of each year, beginning September 30, 2007, and on
the Term Loan Maturity Date (each such date a “Scheduled Repayment Date”), the U.S.
Borrower and the European Borrower shall be required to repay that principal amount of U.S.
Borrower Term Loans, European Borrower U.S. Dollar Term Loans and European Borrower Euro Term
Loans, to the extent then outstanding, as is set forth (or described) opposite the respective
Scheduled Repayment Date below (each such repayment, as the same may be reduced as provided in
Sections 4.01 and 4.02(g), a “Scheduled Repayment”):

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Amount of European	 	Amount of European
	 	 	Amount of U.S.	 	Borrower U.S.	 	Borrower Euro Term
	Scheduled Repayment Date	 	Borrower Term Loans	 	Dollar Term Loans	 	Loans
	Each Scheduled
Repayment Date
occurring before the
Term Loan Maturity Date
	 	$	325,000.00	 	 	$	158,625.00	 	 	€	187,500.00	 
	Term Loan Maturity Date
	 	The then aggregate
	 	The then aggregate
	 	The then aggregate

	 
	 	principal amount of
	 	principal amount of
	 	principal amount of

	 
	 	all outstanding
	 	all outstanding
	 	all outstanding

	 
	 	U.S. Borrower Term
	 	European Borrower
	 	European Borrower

	 
	 	Loans
	 	U.S. Dollar Term
	 	Euro Term Loans

	 
	 	 	 	 	 	Loans
	 	 	 	 

(c) In addition to any other mandatory repayments pursuant to this Section 4.02, on each date
on or after the Effective Date upon which Exide U.S. or any of its Subsidiaries receives Net Sale
Proceeds from any Asset Sale (excluding any Asset Sale pursuant to clause (xvii) of Section 9.02),
an amount equal to 100% of the Net Sale Proceeds from such Asset Sale shall be applied as a
mandatory repayment in accordance with the requirements of Sections 4.02(g) and (h);
provided that no mandatory repayment shall be required pursuant to this Section 4.02(c)
with respect to (I) an aggregate amount not to exceed $30,000,000 of Net Sale Proceeds received by
Exide U.S. or any of its Subsidiaries from the Asset Sales listed in a letter delivered by Exide
U.S. to the Administrative Agent on or before the Effective Date (including any such Net Sale
Proceeds from such Asset Sales held in escrow for the account of the U.S. Borrower or any of its
Subsidiaries on or prior to the Initial Borrowing Date), (II) an aggregate amount not to exceed
$20,000,000 of such Net Sale Proceeds received by Exide U.S. or any of its Subsidiaries from any
sale-leaseback transaction pursuant to Section 9.02(xviii) and (III) an aggregate amount not to
exceed $30,000,000 of Net Sale Proceeds received by Exide U.S. or any of its Subsidiaries from
Asset Sales pursuant to Section 9.02(xix). Notwithstanding the foregoing provisions of this
Section 4.02(c), if the amount required to be applied as a mandatory repayment on any date is less
than $5,000,000, and so long as no Default or Event of Default shall have occurred and be
continuing, the Borrowers may defer any mandatory repayments required pursuant to this
Section 4.02(c) until the first date on which the aggregate Net Sale Proceeds from all Asset Sales
required to be applied pursuant to this Section 4.02(c) since the last payment made pursuant to
this sentence equals or exceeds $5,000,000 (at which time all theretofore unapplied amounts shall
be required to be applied). Notwithstanding anything to the contrary contained in this Section
4.02(c), (x) if any Existing Notes Documents (or the documents governing any Permitted Refinancing
Indebtedness incurred in respect thereof) permit a lesser amount to be retained, than is provided
above with respect to any Asset Sales, then such lesser permitted retained amount shall be
applicable for purposes of this Section 4.02(c) so long as any Existing Notes (or the respective
Permitted Refinancing Indebtedness) remain outstanding, and (y) in no event shall Exide U.S. or any
of its Subsidiaries use any proceeds from any Asset Sale to make any voluntary or mandatory
repayment or prepayment of Existing Notes and, before any such obligation to use such proceeds to
make such repayment shall arise, Exide U.S. or the respective Subsidiary shall apply such proceeds
as a mandatory prepayment in accordance with requirements of Sections 4.02(g) and (h).

(d) In addition to any other mandatory repayments or commitment reductions pursuant to this
Section 4.02, within 10 days following each date on or after the Effective Date on which Exide U.S.
or any of its Subsidiaries receives any proceeds (excluding proceeds of business interruption
insurance) from any Recovery Event (other than proceeds from Recovery Events in an amount less than
$1,000,000 per Recovery Event), an amount equal to 100% of the proceeds (excluding proceeds of
business interruption insurance) of such Recovery Event (net of reasonable costs (including,
without limitation, legal costs and expenses) and taxes incurred in connection with such Recovery
Event and the amount of such proceeds required to be used to repay any Indebtedness (other than
Indebtedness of the Lenders pursuant to this Agreement) which is secured by the respective assets
subject to such Recovery Event) shall be applied as a mandatory repayment in accordance with the
requirements of Sections 4.02(g) and (h); provided that so long as no Default and no Event
of Default then exists, such proceeds shall not be required to be so applied on such date to the
extent that an Authorized Officer of Exide U.S. has delivered a certificate to the Administrative
Agent on or prior to such date stating that such proceeds shall be used (or contractually committed
to be used) within 360 days following the date of receipt of such proceeds from such Recovery Event
to replace or restore any properties or assets at such location or another location in respect of
which such proceeds were paid (which certificate shall set forth the estimates of the proceeds to
be so expended), and provided, further, that (I) if all or any portion of such
proceeds are not so used (or contractually committed to be used) within such 360-day period, such
remaining portion shall be applied as a mandatory repayment as provided above (without giving
effect to the immediately preceding proviso) and (II) if all or any portion of such proceeds are
not required to be applied on the last day of such 360-day period referred to in clause (I) of this
proviso because such amount is contractually committed to be used and then either (A) subsequent to
such date such contract is terminated or expires without such portion being so used or (B) such
contractually committed portion is not so used within six months after the last day of such 360-day
period referred to in clause (I) of this proviso, such remaining portion, in the case of either of
the preceding clauses (A) or (B), shall be applied as a mandatory repayment and/or commitment
reduction as provided above (without giving effect to the immediately preceding proviso).

(e) In addition to any other mandatory repayments or commitment reductions pursuant to this
Section 4.02, on each Excess Cash Payment Date, an amount equal to the Applicable Prepayment
Percentage of the Excess Cash Flow for the relevant Excess Cash Flow Payment Period shall be
applied as a mandatory repayment in accordance with the requirements of Sections 4.02(g) and (h).

(f) Notwithstanding anything to the contrary contained elsewhere in this Agreement, (i) all
then outstanding Swingline Loans shall be repaid in full on the Swingline Expiry Date, and (ii) all
other then outstanding Loans shall be repaid in full on the respective Maturity Date for such
Loans;

(g) (I) Each amount required to be applied pursuant to Sections 4.02(c), (d) and (e) in
accordance with this Section 4.02(g) shall, subject to Section 4.02(h), be applied to repay the
outstanding principal amount of Term Loans provided, however, that (x) if at the
time of any mandatory repayment pursuant to this Section 4.02(g) the Excess Availability is less
than $40,000,000, such mandatory repayment instead shall be applied (i) first, to repay the
outstanding principal amount of Swingline Loans (without any corresponding Commitment reduction) in
an amount necessary to cause the Excess Availability to be equal to $40,000,000, (ii) second, to
the extent that the Excess Availability (after giving effect to any prepayment pursuant to
preceding sub-clause (i)) is still less than $40,000,000, to repay the outstanding principal amount
of Revolving Loans (without any reduction to the Total Revolving Loan Commitment) in an amount
necessary to cause the Excess Availability to be equal to the $40,000,000, (iii) third, to repay
the outstanding principal amount of Term Loans, and (y) without limiting the provisions of
preceding sub-clause (x) (but before making any determinations thereunder), if as part of any Asset
Sale or Recovery Event, any Collateral is being sold or has been damaged or taken (as the case may
be) that is used in calculating the Borrowing Base, then the amount of the Net Sale Proceeds from
such Asset Sale or the net proceeds from such Recovery Event (as the case may be) that is
attributable to such Collateral shall be applied to the outstanding Swingline Loans and, if no
Swingline Loans are or remain outstanding, outstanding Revolving Loans (in each case, without any
reduction to the Total Revolving Loan Commitment) in an amount equal to the value of such
Collateral for which credit is given in the applicable Borrowing Base (immediately prior to such
Asset Sale or Recovery Event), and the remaining portion of such Net Sale Proceeds or net proceeds
from such Recovery Event (as the case may be) shall be retained by Exide U.S. and its Subsidiaries
and shall not be required to be applied to the Term Loans.

(II) Each amount required to be applied to repay outstanding Term Loans pursuant to this
Section 4.02(g) shall, subject to the immediately succeeding proviso, be applied pro rata to each
Tranche of Term Loans (based upon the TL Repayment Percentages of the various Tranches of Term
Loans and the then outstanding principal amounts of the respective Tranches of Term Loans);
provided that (i) the Net Sale Proceeds from any Asset Sale effected by Exide U.S. or any
of its Domestic Subsidiaries and required to be applied to the repayment of Term Loans pursuant to
clause (I) of this Section 4.02(g), shall be applied (x) first, to repay principal of outstanding
U.S. Borrower Term Loans and (y) second, after the repayment in full of all outstanding U.S.
Borrower Term Loans, to repay principal of outstanding European Borrower U.S. Dollar Term Loans and
European Borrower Euro Term Loans, on a pro rata basis (based on the then
outstanding relative principal amounts thereof, taking the U.S. Dollar Equivalent of any amounts
expressed in Euros), and (ii) the Net Sale Proceeds from any Asset Sale effected by any Foreign
Subsidiary of Exide U.S. and required to be applied to the repayment of Term Loans pursuant to
clause (I) of this Section 4.02(g), shall be applied (x) first, to repay principal of outstanding
European Borrower U.S. Dollar Term Loans and European Borrower Euro Term Loans, on a pro
rata basis (based on the then outstanding relative principal amounts thereof, taking the
U.S. Dollar Equivalent of any amounts in Euros), and (y) second, after the repayment in full of all
outstanding European Borrower U.S. Dollar Term Loans and European Borrower Euro Term Loans, to
repay principal of outstanding U.S. Borrower Term Loans.

(III) All repayments of outstanding Term Loans pursuant to Section 4.02(c), (d) or (e) shall
be applied to reduce the then remaining Scheduled Repayments of the respective Tranche of Term
Loans on a pro rata basis (based upon the then remaining principal amounts of the
Scheduled Repayments of such Tranche of Term Loans after giving effect to all prior reductions
thereto).

(h) With respect to each repayment of Loans required by this Section 4.02, the respective
Borrower or Borrowers may (subject to the requirements of preceding clause (g)) designate the Types
of Loans of the respective Tranche which are to be repaid and, in the case of Euro Rate Loans
(other than Swingline Loans), the specific Borrowing or Borrowings of the respective Tranche
pursuant to which made, provided that: (i) in the case of repayments of Euro Rate Loans
(other than Swingline Loans), repayments of such Loans pursuant to this Section 4.02 on any day
other than the last day of an Interest Period applicable thereto shall be accompanied by payment by
the respective Borrower or Borrowers of all amounts owing in connection therewith pursuant to
Section 1.11; (ii) if any repayment of Euro Rate Loans (other than Swingline Loans) made pursuant
to a single Borrowing shall reduce the outstanding Euro Rate Loans made pursuant to such Borrowing
to an amount less than the Minimum Borrowing Amount applicable to the respective Euro Rate Loans,
such Borrowing (x) in the case of Eurodollar Loans, shall be converted at the end of the then
current Interest Period into a Borrowing of Base Rate Loans and (y) in the case of Euro Denominated
Revolving Loans, shall be repaid in full at the end of the then current Interest Period; and (iii)
each repayment of any Tranche of Loans made pursuant to a Borrowing shall be applied pro
rata among such Tranche of Loans. In the absence of a designation by the respective
Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the
above, make such designation in its sole discretion with a view, but no obligation, to minimize
breakage costs owing under Section 1.11.

(i) Upon the occurrence of any Change of Control occurring on or prior to May 15, 2008, the
U.S. Borrower and the European Borrower shall each make an offer to prepay the Term Loans in full
in accordance with the requirements of clauses (i) and (ii) below:

(i) within 5 Business Days following the occurrence of any such Change of Control, Exide
U.S. shall deliver a written notice to the Administrative Agent (which shall promptly furnish
such notice to the TL Lenders) which shall (A) state that each TL Lender has the right to
require the U.S. Borrower and the European Borrower to prepay all or a portion of such TL
Lender’s Term Loans, as applicable, at a purchase price equal to 101% of the principal amount
thereof, plus accrued and unpaid interest to the date of prepayment, by delivering acceptance
of such notice no earlier than 5 Business Days prior to the prepayment date referred to in
clause (B); and (B) specify a prepayment date for such prepayment (which shall be no earlier
than 20 days nor later than 30 days from the date such notice is sent); and

(ii) on the prepayment date referred to in clause (i)(B) above, the U.S. Borrower and/or
the European Borrower, as applicable, shall prepay the Term Loans (or portion thereof), as
applicable, of the TL Lenders who accept the offer to prepay in accordance with the terms
thereof at a purchase price in cash equal to 101% of the principal amount thereof, plus
accrued and unpaid interest to the date of prepayment.

(j) Notwithstanding anything to the contrary contained above, all payments owing with respect
to each Tranche pursuant to this Section 4.02 shall be made in the respective currency or
currencies in which the respective obligations are owing in accordance with the terms of this
Agreement. For purposes of making calculations pursuant to this Section 4.02, the Administrative
Agent shall be entitled to use the U.S. Dollar Equivalent or Euro Equivalent, as the case may be,
of any such amounts required to be converted into other currencies for purposes of making
determinations pursuant to this Section 4.02.

4.03 Method and Place of Payment; Maintenance of Accounts; Statement of Accounts. (a)
Except as otherwise specifically provided herein, all payments under this Agreement and under any
Note shall be made to the Administrative Agent for the account of the Lender or Lenders entitled
thereto not later than 2:00 P.M. (New York time) on the date when due and shall be made in (x) U.S.
Dollars in immediately available funds at the Payment Office of the Administrative Agent in respect
of any obligation of the Borrowers under this Agreement except as otherwise provided in the
immediately following clause (y) and (y) subject to Section 1.14, Euros in immediately available
funds at the Payment Office of the Administrative Agent, if such payment is made in respect of (i)
principal of or interest on Euro Denominated Loans or, (ii) Letter of Credit Fees, Facing Fees and
Unpaid Drawings (and interest thereon) in respect of Euro Denominated Letters of Credit or (iii)
any increased costs, indemnities or other amounts owing with respect to Euro Denominated Loans (or
Commitments relating thereto) or Euro Denominated Letters of Credit at any time prior to the
occurrence of a Termination Event. The Administrative Agent will thereafter cause to be
distributed on the same day (if payment was actually received by the Administrative Agent prior to
2:00 P.M. (New York time) like funds relating to the payment of principal, interest or Fees ratably
to the Lenders entitled thereto. Any payments under this Agreement which are made later than 2:00
P.M. (New York time) shall be deemed to have been made on the next succeeding Business Day.
Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day
which is not a Business Day, the due date thereof shall be extended to the next succeeding Business
Day and, with respect to payments of principal, interest shall be payable at the applicable rate
during such extension.

(b) (i) (A) Each of Exide U.S. and the other U.S. Credit Parties shall, along with the
Administrative Agent and certain financial institutions selected by Exide U.S. and reasonably
acceptable to the Administrative Agent (the “U.S. Collection Banks”), enter into on or
prior to the 90th day following the Initial Borrowing Date (or such later date as may be agreed to
by the Administrative Agent in its sole discretion) and thereafter maintain Cash Management Control
Agreements in respect of each of the U.S. Collection Accounts. Exide U.S. and each of the other
U.S. Credit Parties shall instruct all Account Debtors of Exide U.S. and such U.S. Credit Parties
to remit all payments to the applicable “P.O. Boxes” or “Lockbox Addresses” of the
applicable U.S. Collection Bank with respect to all Accounts of such Account Debtor, which
remittances shall be collected by the applicable U.S. Collection Bank and deposited in the
applicable U.S. Collection Account. All amounts received by Exide U.S., any of its Domestic
Subsidiaries and any Collection Bank in respect of any Account, in addition to all other cash
received from any other source, shall upon receipt be deposited into a U.S. Collection Account or
directly into the Core U.S. Concentration Account.

(c) The European Borrower and each other Foreign Borrowing Base ABL Subsidiary Guarantor
shall, along with the Administrative Agent and certain financial institutions selected by Exide
U.S. and reasonably acceptable to the Administrative Agent (the “Foreign Collection
Banks”), enter into on or prior to the 90th day (or such later day as may be agreed by the
Administrative Agent in its sole discretion) following the Initial Borrowing Date and thereafter
maintain Cash Management Control Agreements in respect of each Foreign Collection Account. The
European Borrower and each other Foreign ABL Credit Party shall instruct all Account Debtors of
such Subsidiaries to remit all payments to the applicable “P.O. Boxes”, “Lockbox
Addresses” or a sub-account of the Foreign Collection Account of the applicable Foreign
Collection Bank with respect to all Accounts of such Account Debtor, which remittances shall be
collected by the applicable Foreign Collection Bank and deposited in the applicable Foreign
Collection Account. All amounts received by the European Borrower, each other Foreign ABL Credit
Party and any Foreign Collection Bank in respect of any Account, in addition to all other cash
received from any other source, shall upon receipt be deposited into a Foreign Collection Account
or directly into the Core Foreign Concentration Account.

(d) Exide U.S. and the other U.S. Credit Parties shall, along with the Administrative Agent
and each of those banks in which the U.S. Disbursement Accounts are maintained, enter into on or
prior to the 90th day (or such later day as may be agreed by the Administrative Agent in its sole
discretion) following the Initial Borrowing Date and thereafter maintain Cash Management Control
Agreements with respect to each such U.S. Disbursement Account (except with respect to Exempted
Disbursement Accounts and Exempted Deposit Accounts). The European Borrower and each other Foreign
ABL Credit Party shall, along with the Administrative Agent and each of those banks in which the
Foreign Disbursement Accounts are maintained, enter into on or prior to the 90th day following the
Initial Borrowing Date (or such later date as may be agreed to be the Administrative Agent in its
sole discretion) and thereafter maintain Cash Management Control Agreements with respect to each
such Foreign Disbursement Account (except with respect to Exempted Disbursement Accounts and
Exempted Deposit Account).

(e) All amounts held in the U.S. Collection Accounts and U.S. Disbursement Accounts (other
than Exempted Disbursement Accounts) with respect to Exide U.S. and its Domestic Subsidiaries shall
be wired by the close of business on each Business Day into an account with a financial institution
selected by Exide U.S. and acceptable to the Administrative Agent and subject to a Cash Management
Control Agreement (the “Core U.S. Concentration Account”) unless such amounts are Net Sale
Proceeds of Asset Sales or proceeds of Recovery Events (other than in respect of assets included in
a Borrowing Base). All amounts held in all of the Foreign Collection Accounts and Foreign
Disbursement Accounts (other than Exempted Disbursement Accounts) with respect to the European
Borrower, the Foreign ABL Credit Parties and their Subsidiaries shall be wired by the close of
business on each Business Day into an account with a financial institution selected by Exide U.S.
and acceptable to the Administrative Agent and subject to a Cash Management Control Agreement (the
“Core Foreign Concentration Account”) unless such amounts are Net Sale Proceeds of Asset
Sales or proceeds of Recovery Events (other than in respect of assets included in a Borrowing
Base).

(f) (i) The Cash Management Control Agreement relating to the Core U.S. Concentration Account
shall provide that after the occurrence and during the continuance of an Event of Default or during
any Dominion Period, all collected amounts held in the Core U.S. Concentration Account from and
after the date requested by the Administrative Agent, shall be sent by ACH or wire transfer no less
frequently than once per Business Day (unless the Commitments have been terminated and the ABL
Obligations have been paid in full in cash) to an account maintained by the Administrative Agent at
DBNY (the “DBNY Account”). Subject to the terms of the respective Security Document, all
amounts received in the DBNY Account shall be applied (and allocated) by the Administrative Agent
on a daily basis in the following order (in each case, to the extent the Administrative Agent has
actual knowledge of the amounts owing or outstanding as described below, and after giving effect to
the application of any such amounts (x) otherwise required to be applied pursuant to Sections
4.02(c), (d) or (e) or (y) constituting proceeds from any Collateral otherwise required to be
applied pursuant to the terms of the respective Security Document): (1) first, to the payment (on
a ratable basis) of any outstanding Expenses actually due and payable to the Agents under any of
the Credit Documents and to repay or prepay outstanding U.S. ABL Borrowers Swingline Loans and all
interest thereon and to repay or prepay outstanding Revolving Loans constituting Agent Advances
advanced by the Administrative Agent on behalf of the Lenders pursuant to Section 1.01(g) and
1.04(b); (2) second, to the extent all amounts referred to in preceding clause (1) have been paid
in full, to pay (on a ratable basis) all outstanding Expenses actually due and payable to each
Issuing Lender under any of the Credit Documents and to repay all outstanding Unpaid Drawings in
respect of U.S. Borrower Letters of Credit and all interest thereon; (3) third, to the extent all
amounts referred to in preceding clauses (1) and (2) have been paid in full, to pay (on a ratable
basis) all accrued and unpaid interest actually due and payable on the U.S. ABL Borrowers Revolving
Loans and all accrued and unpaid Fees actually due and payable to the Agents, the Issuing Lenders
and the ABL Lenders under any of the Credit Documents; (4) fourth, to the extent all amounts
referred to in preceding clauses (1) through (3), inclusive, have been paid in full, to repay (on a
ratable basis) the outstanding principal of U.S. ABL Borrowers Revolving Loans (whether or not then
due and payable); (5) fifth, to the extent all amounts referred to in preceding clauses (1) through
(4), inclusive, have been paid in full, to pay or cash collateralize, as the case may be, (on a
ratable basis) ABL Obligations (guaranteed by the U.S. ABL Borrowers) in accordance with following
clause (ii) as selected by the U.S. ABL Borrowers so long as no Default or Event of Default then
exists or, in the absence of such designation or if a Default or Event of Default then exists, as
determined by the Administrative Agent; (6) sixth, to the extent all amounts referred to in
preceding clauses (1) through (5), inclusive, have been paid in full, to pay (on a ratable basis)
all other outstanding ABL Obligations then due and payable to the Administrative Agent and the
Lenders under any of the Credit Documents; and (7) seventh, to the U.S. ABL Borrowers. Each Credit
Party agrees that it will not cause any proceeds of any Core U.S. Concentration Account to be
otherwise redirected.

(ii) The Cash Management Control Agreement relating to the Core Foreign Concentration Account
shall provide that after the occurrence and during the continuance of an Event of Default or during
any Dominion Period, all collected amounts held in the Core Foreign Concentration Account from and
after the date requested by the Administrative Agent, shall be sent by ACH or wire transfer no less
frequently than once per Business Day (unless the Commitments have been terminated and the European
Borrower Obligations have been paid in full in cash) to an account maintained by the Administrative
Agent at an affiliate of the Administrative Agent (the “DB Account”). Subject to the terms
of the respective Security Agreement, all amounts received in the DB Account shall be applied (and
allocated) by the Administrative Agent on a daily basis in the following order (in each case, to
the extent the Administrative Agent has actual knowledge of the amounts owing or outstanding as
described below, and after giving effect to the application of any such amounts (x) otherwise
required to be applied pursuant to Sections 4.02(c), (d) or (e) or (y) constituting proceeds from
any Collateral otherwise required to be applied pursuant to the terms of the respective Security
Document): (1) first, to the payment (on a ratable basis) of any outstanding Expenses actually due
and payable by the European Borrower to the Administrative Agent and/or the Collateral Agent under
any of the Credit Documents and to repay or prepay outstanding European Borrower Swingline Loans
and to repay or prepay outstanding Revolving Loans constituting Agent Advances advanced by the
Administrative Agent on behalf of the Lenders pursuant to Section 1.01(g) and 1.04(b); (2) second,
to the extent all amounts referred to in preceding clause (1) have been paid in full, to pay (on a
ratable basis) all accrued and unpaid interest actually due and payable on the European Borrower
Revolving Loans and all accrued and unpaid Fees actually due and payable by the European Borrower
to the Administrative Agent and the Lenders under any of the Credit Documents; (3) third, to the
extent all amounts referred to in preceding clauses (1) through (2), inclusive, have been paid in
full, to repay (on a ratable basis) the outstanding principal of European Borrower Revolving Loans
(whether or not then due and payable); (4) fourth, to the extent all amounts referred to in
preceding clauses (1) through (3), inclusive, have been paid in full, to pay (on a ratable basis)
all other outstanding ABL Obligations of the European Borrower then due and payable to the
Administrative Agent, the Collateral Agent and the Lenders under any of the Credit Documents; and
(5) fifth, to the European Borrower. Each Credit Party agrees that it will not cause any proceeds
of any Core Foreign Concentration Account to be otherwise redirected.

(g) Without limiting the provisions set forth in Section 13.17, the Administrative Agent shall
maintain an account on its books in the name of each of the Borrowers (collectively, the
“Credit Account”) in which each Borrower will be charged with all loans and advances made
by the Lenders to such Borrower for such Borrower’s account, including the Loans, the Letter of
Credit Outstandings, and the Fees, Expenses and any other Obligations relating thereto. Each
Borrower will be credited, in accordance with this Section 4.03, with all amounts received by the
Lenders from such Borrower or from others for its account, including, as set forth above, all
amounts received by the Administrative Agent and applied to the Obligations. In no event shall
prior recourse to any Accounts or other Collateral be a prerequisite to the Administrative Agent’s
right to demand payment of any Obligation upon its maturity. Further, the Administrative Agent
shall have no obligation whatsoever to perform in any respect any of Exide U.S.’ or any of its
Subsidiaries’ contracts or obligations relating to the Accounts.

(h) After the end of each month, the Administrative Agent shall send Exide U.S. and each
Lender a statement accounting for the charges, loans, advances and other transactions occurring
among and between the Administrative Agent, the Lenders, the Issuing Lenders and each Borrower
during that month. The monthly statements shall, absent manifest error, be final, conclusive and
binding on each Borrower and the Lenders.

4.04 Net Payments. (a) All payments made by any Credit Party under any Credit
Document (including, in the case of Exide U.S., in its capacity as a guarantor pursuant to Section
14) or under any Note will be made without setoff, counterclaim or other defense. Except as
provided in Section 4.04(b), all such payments will be made free and clear of, and without
deduction or withholding for, any present or future taxes, levies, imposts, duties, fees,
assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by
any political subdivision or taxing authority thereof or therein with respect to such payments (but
excluding, except as provided in the second succeeding sentence, any tax imposed on or measured by
the net income of a Lender pursuant to the laws of the jurisdiction in which it is organized or the
jurisdiction in which the principal office or applicable lending office of such Lender is located
or any subdivision thereof or therein) and all interest, penalties or similar liabilities with
respect thereto (all such non-excluded taxes, levies, imposts, duties, fees, assessments or other
charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed,
the respective Borrower (and any other Credit Party making the payment) agrees to pay the full
amount of such Taxes, and such additional amounts as may be necessary so that every payment of all
amounts due under this Agreement or under any Note, after withholding or deduction for or on
account of any Taxes, will not be less than the amount provided for herein or in such Note. If any
amounts are payable in respect of Taxes pursuant to the preceding sentence, then the respective
Borrower (and any other Credit Party making the payment) shall be obligated to reimburse each
Lender, upon the written request of such Lender, for the net additional taxes (after taking into
account available credits with respect to such withholding taxes) imposed on or measured by the net
income of such Lender pursuant to the laws of the jurisdiction in which such Lender is organized or
in which the principal office or applicable lending office of such Lender is located or under the
laws of any political subdivision or taxing authority of any such jurisdiction in which such Lender
is organized or in which the principal office or applicable lending office of such Lender is
located and for any withholding of taxes as such Lender shall determine are payable by, or withheld
from, such Lender in respect of such amounts so paid to or on behalf of such Lender pursuant to the
preceding sentence and in respect of any amounts paid to or on behalf of such Lender pursuant to
this sentence, the respective Borrower (or Credit Party) will furnish to the Administrative Agent
within 45 days after the date of the payment of any Taxes due pursuant to applicable law certified
copies of tax receipts evidencing such payment by such Borrower (or the respective other Credit
Party). The Credit Agreement Parties jointly and severally agree (and each Subsidiary Guarantor
pursuant to its respective Subsidiary Guaranty, and the incorporation by reference therein of the
provisions of this Section 4.04, shall agree) to indemnify and hold harmless each Lender, and
reimburse such Lender upon its written request, for the amount of any Taxes so levied or imposed
and paid by such Lender.

(b) Each Lender that is not a United States person (as such term is defined in Section
7701(a)(30) of the Code) agrees to deliver to Exide U.S. and the Administrative Agent on or prior
to the Effective Date, or in the case of a Lender that is an assignee or transferee of an interest
under this Agreement pursuant to Section 1.13 or 13.04 (unless the respective Lender was already a
Lender hereunder immediately prior to such assignment or transfer), on the date of such assignment
or transfer to such Lender, (i) two accurate and complete original signed copies of Internal
Revenue Service Form W-8ECI or Form W-8BEN (with respect to a complete exemption under an income
tax treaty) (or successor forms) certifying to such Lender’s entitlement as of such date to a
complete exemption from United States withholding tax with respect to payments to be made under
this Agreement and under any Note, or (ii) if the Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code and cannot deliver either Internal Revenue Service Form W-8ECI or
Form W-8BEN (with respect to a complete exemption under an income tax treaty) pursuant to clause
(i) above, (x) a certificate substantially in the form of Exhibit D (any such certificate, a
“Section 4.04(b)(ii) Certificate”) and (y) two accurate and complete original signed copies
of Internal Revenue Service Form W-8BEN (with respect to the portfolio interest exemption) (or
successor form) certifying to such Lender’s entitlement as of such date to a complete exemption
from United States withholding tax with respect to payments of interest to be made under this
Agreement and under any Note. In addition, each Lender agrees that from time to time after the
Effective Date, when a lapse in time or change in circumstances renders the previous certification
obsolete or inaccurate in any material respect, it will deliver to Exide U.S. and the
Administrative Agent two new accurate and complete original signed copies of Internal Revenue
Service Form W-8ECI, Form W-8BEN (with respect to the benefits of any income tax treaty), or Form
W-8BEN (with respect to the portfolio interest exemption) and a Section 4.04(b)(ii) Certificate, as
the case may be, and such other forms as may be required in order to confirm or establish the
entitlement of such Lender to a continued exemption from or reduction in United States withholding
tax with respect to payments under this Agreement and any Note, or it shall immediately notify
Exide U.S. and the Administrative Agent of its inability to deliver any such Form or Certificate,
in which case such Lender shall not be required to deliver any such Form or Certificate pursuant to
this Section 4.04(b). Notwithstanding anything to the contrary contained in Section 4.04(a), but
subject to Section 13.04(b) and Section 4.04(d), (x) Exide U.S. shall be entitled, to the extent it
is required to do so by law, to deduct or withhold income or similar taxes imposed by the United
States (or any political subdivision or taxing authority thereof or therein) from interest, fees or
other amounts payable by Exide U.S. hereunder for the account of any Lender which is not a United
States person (as such term is defined in Section 7701(a)(30) of the Code) for U.S. Federal income
tax purposes to the extent that such Lender has not provided to Exide U.S., U.S. Internal Revenue
Service Forms that establish a complete exemption from such deduction or withholding and (y) Exide
U.S. shall not be obligated pursuant to Section 4.04(a) hereof to gross-up payments to be made to a
Lender (other than a participant with respect to Term Loans following the occurrence of a
Termination Event) in respect of income or similar taxes imposed by the United States if (I) such
Lender has not provided to Exide U.S. the Internal Revenue Service Forms required to be provided to
Exide U.S. pursuant to this Section 4.04(b) or (II) in the case of a payment, other than interest,
to a Lender (other than a participant with respect to Term Loans following the occurrence of a
Termination Event) described in clause (ii) above, to the extent that such forms do not establish a
complete exemption from withholding of such taxes.

(c) Each Lender agrees, to the extent it is legally entitled to do so, to deliver to the
European Borrower and the Administrative Agent on or prior to the Effective Date, or in the case of
a Lender that is an assignee or transferee of an interest under this Agreement pursuant to Section
1.13, 1.14 or 13.04 (unless the respective Lender was already a Lender hereunder immediately prior
to such assignment or transfer), to the extent such Lender is legally entitled to do so, on the
date of such assignment or transfer to such Lender two accurate and complete original signed copies
of any forms or certificates that the European Borrower shall request such Lender to deliver to it
and the Administrative Agent, to the extent such forms or certificates are necessary to claim
exemption from or reduction in withholding taxes imposed by the Netherlands with respect to
payments under this Agreement (the “Netherlands Forms”). In addition, each Lender agrees
that from time to time after the Effective Date, when a lapse in time or change in circumstances
renders the previous forms or certificates obsolete or inaccurate in any material respect, it will
(in the case of a lapse in time that renders the previous forms or certificates obsolete or
inaccurate, only upon request from the European Borrower), to the extent it is legally entitled to
do so, deliver to the European Borrower and the Administrative Agent two new accurate and complete
original signed copies of the Netherlands Forms and such other forms or certificates as may be
required in order to confirm or establish the entitlement of such Lender to a continued exemption
from or reduction in Netherlands withholding tax with respect to payments under this Agreement and
any Note, or it shall notify the European Borrower and the Administrative Agent of its inability to
deliver the Netherlands Forms or such other forms or certificates requested by the European
Borrower, in which case such Lender shall not be required to deliver any such Netherlands Forms or
other forms or certificates pursuant to this Section 4.04(c). Notwithstanding anything to the
contrary contained in Section 4.04(a), but subject to Section 13.04(b) and Section 4.04(d), (x) the
European Borrower shall be entitled, to the extent it is required to do so by law, to deduct or
withhold income or similar taxes imposed by the Netherlands (or any political subdivision or taxing
authority thereof or therein) from interest, fees or other amounts payable by the European Borrower
hereunder for the account of any Lender to the extent that such Lender has not provided to the
European Borrower any requested Netherlands Forms that establish a complete exemption from such
deduction or withholding and (y) the European Borrower shall not be obligated pursuant to Section
4.04(a) hereof to gross-up payments to be made to a Lender in respect of income or similar taxes
imposed by the Netherlands if such Lender has not provided to the European Borrower any requested
Netherlands Forms that establish a complete exemption from Netherlands withholding tax pursuant to
this Section 4.04(c).

(d) Notwithstanding anything to the contrary contained elsewhere in this Section 4.04 and
except as set forth in Section 13.04(b), each Borrower agrees to pay additional amounts and to
indemnify each Lender in the manner set forth in Section 4.04(a) (without regard to the identity of
the jurisdiction requiring the deduction or withholding) in respect of any amounts deducted or
withheld by it as described in Sections 4.04(b) and (c) as a result of any changes after the
Effective Date (or, if later, the date such Lender became party to this Agreement) in any
applicable law, treaty, governmental rule, regulation, guideline or order, or in the interpretation
thereof, relating to the deducting or withholding of income or similar taxes.

SECTION 5. Conditions Precedent to Credit Events on the Initial Borrowing Date. The
obligation of each Lender to make each Loan hereunder and the obligation of each Issuing Lender to
issue each Letter of Credit hereunder, in any case on the Initial Borrowing Date, is subject, at
the time of the making of such Loans and the issuance of such Letters of Credit to the satisfaction
of the following conditions:

5.01 Execution of Agreement; Notes. On or prior to the Initial Borrowing Date, (i)
the Effective Date shall have occurred and (ii) there shall have been delivered to the
Administrative Agent for the account of each Lender which has requested the same the appropriate
U.S. Borrower Term Note, European Borrower U.S. Dollar Term Note, European Borrower Euro Term Note,
U.S. ABL Borrower Revolving Note and/or European Borrower Revolving Note and to the Swingline
Lender, if so requested by it, the European Borrower Swingline Note and the U.S. ABL Borrowers
Swingline Note, in each case executed by the relevant Borrower and in the amount, maturity and as
otherwise provided herein.

5.02 Officer’s Certificate. On the Initial Borrowing Date, the Administrative Agent
shall have received a certificate from Exide U.S., dated such date and signed by an Authorized
Officer of Exide U.S., certifying that all of the applicable conditions set forth in Sections 5.05
through 5.08, inclusive, and Sections 6.01, 6.03 and 6.04 (other than such conditions that are
expressly subject to the satisfaction of the Administrative Agent and/or the Required Lenders),
have been satisfied on such date.

5.03 Opinions of Counsel. On the Initial Borrowing Date, the Administrative Agent
shall have received (i) from Jones Day, special counsel to the Credit Parties, an opinion addressed
to each Agent and each of the Lenders and dated the Initial Borrowing Date substantially in the
form of Exhibit E-1, (ii) from AKD Prinsen Van Wijmen, special Dutch counsel to the Credit Parties
organized under the laws of The Netherlands, an opinion addressed to each Agent and each of the
Lenders and dated the Initial Borrowing Date substantially in the form of Exhibit E-2, (iii) from
foreign counsel to the Credit Parties and/or the Agents in each Qualified Non-U.S. Jurisdiction, in
each case reasonably satisfactory to the Administrative Agent, opinions which shall (x) be
addressed to each Agent and each of the Lenders and be dated the Initial Borrowing Date, (y) cover
various matters regarding the execution, delivery and performance of the Credit Documents to which
Subsidiaries of Exide U.S. organized in the relevant such jurisdiction are party, the perfection of
security interests and/or liens granted by Credit Parties organized in such jurisdiction or granted
in respect of entities organized in such jurisdiction, and/or such other matters incident to the
transactions contemplated herein as the Administrative Agent may reasonably request and (z) be in
form, scope and substance reasonably satisfactory to the Administrative Agent, and (iv) from local
counsel to the U.S. Credit Parties and/or the Administrative Agent reasonably satisfactory to the
Administrative Agent practicing in those jurisdictions in which U.S. Mortgaged Properties are
located and/or U.S. Subsidiary Guarantors are organized, such opinions as the Administrative Agent
may reasonably request, which opinions (x) shall be addressed to each Agent and each of the Lenders
and be dated the Initial Borrowing Date, (y) shall cover the perfection of the security interests
and/or liens granted pursuant to the relevant Security Documents and such other matters incident to
the transactions contemplated herein as the Administrative Agent may reasonably request and (z)
shall be in form and substance reasonably satisfactory to the Administrative Agent.

5.04 Company Documents; Proceedings. (a)  On the Initial Borrowing Date, the
Administrative Agent shall have received from each Borrower and each U.S. Subsidiary Guarantor a
certificate, dated the Initial Borrowing Date, signed by an Authorized Officer of such Credit
Party, and attested to by the secretary, any assistant secretary or other senior officer of such
Credit Party, in the form of Exhibit F with appropriate insertions, together with copies of the
certificate of incorporation, by-laws or equivalent organizational documents of such Credit Party
and the resolutions of such Credit Party referred to in such certificate, and all of the foregoing
(including each such certificate of incorporation, by-laws or other organizational document) shall
be reasonably satisfactory to the Administrative Agent.

(b) On the Initial Borrowing Date, all instruments and agreements in connection with the
transactions contemplated by this Agreement and the other Documents shall be reasonably
satisfactory in form and substance to the Administrative Agent, and the Administrative Agent shall
have received all information and copies of all certificates, documents and papers, including good
standing certificates, bring-down certificates and any other records of Company proceedings and
governmental approvals, if any, which the Administrative Agent reasonably may have requested in
connection therewith, such documents and papers, where appropriate, to be certified by proper
Company or governmental authorities.

5.05 Adverse Change, etc. On the Initial Borrowing Date, nothing shall have occurred
since March 31, 2006 which has had, or could reasonably be likely to have, (i) a Material Adverse
Effect or (ii) material adverse effect on the Transaction.

5.06 Litigation. On the Initial Borrowing Date, there shall be no actions, suits,
proceedings or investigations pending or threatened (a) with respect to the Transaction or any
documentation executed in connection therewith (including any Credit Document) or the transactions
contemplated hereby and thereby or (b) which has had, or could reasonably be expected to have (i) a
Material Adverse Effect or (ii) a material adverse effect on the Transaction.

5.07 Existing Intercreditor Agreement. The Existing Intercreditor Agreement shall
remain in full force and effect, with such technical amendments thereto having been made as DBNY
may request pursuant to clause (x) of the proviso to Section 8.3 thereof. Without limiting the
foregoing, DBNY shall be satisfied that (after giving effect to the Transaction) the Existing
Intercreditor Agreement is (and remains) in full force and effect, no “Discharge of First-Lien
Credit Agreement Obligations” (as defined therein) shall have occurred, this Agreement shall
constitute a “First-Lien Credit Agreement” (as defined therein), a “First-Lien Credit
Document” (as defined therein) and the obligations shall constitute “First-Lien
Obligations” (as defined therein); with the foregoing being covered to the satisfaction of DBNY
by a legal opinion from outside counsel to Exide U.S.

5.08 Consummation of the Refinancing. (a) On the Initial Borrowing Date and prior to
or concurrently with the incurrence of the Loans hereunder, each element of the Transaction shall
have been consummated in accordance with the applicable Documents therefor. Pursuant to the
Refinancing:

(i) the total commitments in respect of the Indebtedness to be Refinanced shall have
been terminated, all letters of credit issued thereunder shall have been terminated or
supported by a back-stop Letter of Credit issued hereunder or, in the case of the Existing
Letters of Credit, shall be deemed to have been issued hereunder and all loans, interest and
other amounts owing pursuant to the Indebtedness to be Refinanced shall have been repaid or
otherwise satisfied in full;

(ii) the Administrative Agent shall have received (x) releases of security interests in
and Liens on the assets owned by the U.S. Borrower and its Subsidiaries from the creditors in
respect of the Indebtedness to be Refinanced (including, without limitation, (I) proper
termination statements (Form UCC-3 or the appropriate equivalent) for filing under the UCC of
each jurisdiction where a financing statement (Form UCC-1 or the appropriate equivalent) was
filed with respect to the U.S. Borrower or any of its Subsidiaries in connection with the
security interests created with respect to the Indebtedness to be Refinanced and the
documentation related thereto, (II) termination or reassignment of any security interest in,
or Lien on, any patents, trademarks, copyrights, or similar interests of Exide U.S. or any of
its Subsidiaries on which filings have been made and (III) terminations of all mortgages,
leasehold mortgages, deeds of trust and leasehold deeds of trust created with respect to
property of Exide U.S. or any of its Subsidiaries, in each case, to secure the obligations in
respect of the Indebtedness to be Refinanced), all of which shall be in form, scope and
substance reasonably satisfactory to the Administrative Agent, and (y) all collateral owned
by the U.S. Borrower or any of its Subsidiaries in the possession of any of the creditors in
respect of the Indebtedness to be Refinanced or any collateral agent or trustee under any
related security document; and

(iii) the Administrative Agent shall have received evidence in form, scope and substance
reasonably satisfactory to it that the matters set forth in this Section 5.08(a) have been
satisfied on such date.

(b) On the Initial Borrowing Date and after giving effect to the Transaction and the Loans
incurred on the Initial Borrowing Date, neither Exide U.S. nor any of its Subsidiaries shall have
any Preferred Equity or any Indebtedness outstanding, except for (i) the Obligations and (ii) the
other Scheduled Existing Indebtedness. On and as of the Initial Borrowing Date, all of the
Scheduled Existing Indebtedness shall remain outstanding after giving effect to the Transaction and
the other transactions contemplated hereby without any default or events of default existing
thereunder or arising as a result of the Transaction and the other transactions contemplated hereby
(except to the extent amended or waived by the parties thereto on terms and conditions reasonably
satisfactory to the Administrative Agent and the Required Lenders).

5.09 Subsidiaries Guaranties; Intercompany Subordination Agreement. (a)  On the
Initial Borrowing Date, each U.S. Subsidiary Guarantor shall have duly authorized, executed and
delivered the U.S. Subsidiaries Guaranty in the form of Exhibit G-1 (as amended, modified, restated
and/or supplemented from time to time, the “U.S. Subsidiaries Guaranty”), guaranteeing all
of the obligations of each of the Borrowers as more fully provided therein, and the U.S.
Subsidiaries Guaranty shall be in full force and effect.

(b) On the Initial Borrowing Date, each Wholly-Owned Foreign Subsidiary of Exide U.S.
organized under the laws of a Qualified ABL Jurisdiction (other than the Non-Credit Party
Subsidiaries at such time) shall have duly authorized, executed and delivered a Foreign ABL
Subsidiaries Guaranty in the form of Exhibit G-2 with such modifications or in such other form as
may be necessary or advisable under local law (as determined by the Administrative Agent and its
local counsel) (each such guaranty as amended, modified, restated and/or supplemented from time to
time, a “Foreign ABL Subsidiaries Guaranty” and, collectively, the “Foreign ABL
Subsidiaries Guaranties”)), guaranteeing all of the ABL Obligations of the European Borrower as
more fully provided therein (subject to such limits under local law as may be necessary or
advisable, as agreed by the Administrative Agent and its local counsel), and each Foreign ABL
Subsidiaries Guaranty shall be in full force and effect.

(c) On the Initial Borrowing Date, each Foreign Joint Subsidiary Guarantor shall have duly
authorized, executed and delivered a Foreign Joint Subsidiaries Guaranty in the form of Exhibit G-3
with such modifications or in such other form as may be necessary or advisable under local law (as
determined by the Administrative Agent and its local counsel) (each such guaranty as amended,
modified, restated and/or supplemented from time to time, a “Foreign Joint Subsidiaries
Guaranty” and, collectively, the “Foreign Joint Subsidiaries Guaranties”)),
guaranteeing all of the Obligations of the European Borrower as more fully provided therein
(subject to such limits under local law as may be necessary or advisable, as agreed by the
Administrative Agent and its local counsel), and each Foreign Joint Subsidiaries Guaranty shall be
in full force and effect.

(d) On the Initial Borrowing Date, each Wholly-Owned Foreign Subsidiary of Exide U.S.
organized under the laws of a Qualified TL Jurisdiction (other than the Non-Credit Party
Subsidiaries at such time and the Foreign Joint Subsidiary Guarantors) shall have duly authorized,
executed and delivered a Foreign TL Subsidiaries Guaranty in the form of Exhibit G-4 with such
modifications or in such other form as may be necessary or advisable under local law (as determined
by the Administrative Agent and its local counsel) (each such guaranty as amended, modified,
restated and/or supplemented from time to time, a “Foreign TL Subsidiaries Guaranty” and,
collectively, the “Foreign TL Subsidiaries Guaranties”)), guaranteeing all of the TL
Obligations of the European Borrower as more fully provided therein (subject to such limits under
local law as may be necessary or advisable, as agreed by the Administrative Agent and its local
counsel), and each Foreign TL Subsidiaries Guaranty shall be in full force and effect.

(e) On the Initial Borrowing Date, each Credit Party and each other Subsidiary of Exide U.S.
which is an obligee or obligor with respect to any Intercompany Debt (other than those Non-Wholly
Owned Subsidiaries listed on Schedule 5.09) shall have duly authorized, executed and delivered the
Intercompany Subordination Agreement in the form of Exhibit H hereto (as amended, modified,
restated and/or supplemented from time to time, the “Intercompany Subordination
Agreement”), and the Intercompany Subordination Agreement shall be in full force and effect.

5.10 Pledge Agreements. (a)  On the Initial Borrowing Date, each U.S. Credit Party
shall have duly authorized, executed and delivered the U.S. Pledge Agreement in the form of Exhibit
I (as amended, modified, restated and/or supplemented from time to time, the “U.S. Pledge
Agreement”) and shall have delivered to the Collateral Agent, as Pledgee thereunder, all of the
U.S. Pledge Agreement Collateral, if any, referred to therein and then owned by such U.S. Credit
Party, (x) endorsed in blank in the case of promissory notes constituting U.S. Pledge Agreement
Collateral and (y) together with executed and undated transfer powers in the case of certificated
Equity Interests constituting U.S. Pledge Agreement Collateral, and the U.S. Pledge Agreement shall
be in full force and effect.

(b) On the Initial Borrowing Date, (i) each of the Foreign Credit Parties shall have duly
authorized, executed and delivered a pledge agreement or pledge agreements, with respect to the
Equity Interests in other Persons held by such Foreign Credit Party and governed by the laws of the
jurisdiction in which the issuer of the Equity Interests pledged thereby is organized (subject to
certain exceptions as are necessary or advisable based on the advice of local counsel), which
pledge agreements shall (w) secure the respective Obligations with liens of the respective
priority, in each case, on the basis set forth in Schedule VI (the “Guaranty and Security
Principles”), (x) be prepared by local counsel reasonably satisfactory to the Administrative
Agent, (y) be in form and substance reasonably satisfactory to the Administrative Agent and (z) be
in full force and effect (each such pledge agreement, as amended, modified, restated and/or
supplemented from time to time, a “Foreign Credit Party Pledge Agreement” and,
collectively, the “Foreign Credit Party Pledge Agreements”) and (ii) such Foreign Credit
Parties shall have taken such actions as may be necessary (or, subject to any limitations set forth
in the applicable Foreign Credit Party Pledge Agreement, reasonably requested by the Administrative
Agent or its counsel) under local law (as advised by local counsel) to create, maintain, effect,
perfect, preserve, maintain and protect the security interests granted (or purported to be granted)
by each such Foreign Credit Party Pledge Agreement. Part A of Schedule 5.10 sets forth a list of
all Foreign Credit Party Pledge Agreements to be executed and delivered on the Initial Borrowing
Date.

(c) On the Initial Borrowing Date, with respect to any Credit Party (whether organized under
the laws of the United States or a non-U.S. jurisdiction) which is pledging promissory notes or
Equity Interests in one or more Persons organized under the laws of a different jurisdiction from
the jurisdiction of organization of the respective Credit Party, if the Administrative Agent
determines (based on advice of local counsel and to the extent legally permitted by the relevant
applicable foreign law) that it would be in the interests of the Lenders that the respective Credit
Party authorize, execute and deliver one or more additional pledge agreements governed by the laws
of the jurisdiction or jurisdictions in which the Person or Persons whose promissory notes or
Equity Interests are being pledged is (or are) organized, then the respective Credit Party shall,
subject to local law limitations, (i) so authorize, execute and deliver one or more such additional
pledge agreements (each, as amended, modified, restated and/or supplemented from time to time, a
“Local Law Pledge Agreement” and, collectively, the “Local Law Pledge Agreements”
and together with the Foreign Credit Party Pledge Agreements, the “Foreign Pledge
Agreements”) and (ii) take such actions as may be necessary or desirable under local law (as
advised by local counsel) to create, maintain, effect, perfect, preserve, maintain and protect the
security interests granted (or purported to be granted) by each such Local Law Pledge Agreement.
Each Local Law Pledge Agreement shall (i) be prepared by local counsel reasonably satisfactory to
the Administrative Agent, (ii) be in form and substance reasonably satisfactory to the
Administrative Agent and (iii) be in full force and effect on the Initial Borrowing Date, it being
understood and agreed, however, in the case of any Local Law Pledge Agreement entered into by Exide
U.S. or any of its Domestic Subsidiaries, the respective Credit Party shall not be required to
pledge more than 65% of the total combined voting power of all classes of Equity Interests entitled
to vote of any Foreign Subsidiary that is a corporation (or treated as such for U.S. federal tax
purposes) in support of its obligations (x) as a Borrower under the Credit Agreement (in the case
of the U.S. Borrowers) or (y) under its Guaranty in respect of the Obligations of the U.S.
Borrowers (in the case of the other U.S. Credit Parties) (although 100% of the non-voting Equity
Interests, if any, of each such Foreign Subsidiary shall be required to be pledged in support of
such obligations). Part B of Schedule 5.10 sets forth a list of all Local Law Pledge Agreements to
be executed and delivered on the Initial Borrowing Date. It is understood and agreed that all
Local Law Pledge Agreements shall secure the respective Obligations with liens of the respective
priority, in each case, consistent with the Guaranty and Security Principles.

5.11 U.S. Security Agreement. On the Initial Borrowing Date, each U.S. Credit Party
shall have duly authorized, executed and delivered the Security Agreement in the form of Exhibit J
(as amended, modified, restated and/or supplemented from time to time, the “U.S. Security
Agreement”) covering all of such U.S. Credit Party’s present and future Security Agreement
Collateral referred to therein, together with:

(i) proper financing statements (Form UCC-1 or the equivalent) fully executed (where
required) for filing under the UCC or other appropriate filing offices of each jurisdiction
as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable to
perfect the security interests purported to be created by the U.S. Security Agreement;

(ii) certified copies of Requests for Information or Copies (Form UCC-11), or equivalent
reports, each of a recent date, listing all effective financing statements that name any U.S.
Credit Party or any of its Subsidiaries as debtor and that are filed in the jurisdictions
referred to in clause (i) above, together with copies of such other financing statements that
name any U.S. Credit Party or any of its Subsidiaries as debtor (none of which shall cover
any of the Collateral, except to the extent evidencing Permitted Liens or in respect of which
the Collateral Agent shall have received termination statements (Form UCC-3) or such other
termination statements as shall be required by local law fully executed (where required) for
filing);

(iii) evidence of the completion of all other recordings and filings of, or with respect
to, the U.S. Security Agreement as may be necessary or, in the reasonable opinion of the
Collateral Agent, desirable to perfect the security interests intended to be created by the
U.S. Security Agreement; and

(iv) evidence that all other actions necessary or, in the reasonable opinion of the
Collateral Agent, desirable to create, maintain, effect, perfect, preserve, maintain and
protect the security interests purported to be created by the U.S. Security Agreement have
been taken;

and the U.S. Security Agreement and such other documents shall be in full force and effect.

5.12 Foreign Security Agreements. On the Initial Borrowing Date, each Foreign Credit
Party shall have duly authorized, executed and delivered such security agreements, documents and
instruments as may be required by the Administrative Agent (based on advice of local counsel), with
the intent being that the Lenders receive valid and enforceable perfected security interests in all
or substantially all of the assets (including all tangible and intangible assets, including
receivables (to the extent possible under local law), contract rights, securities, inventory (to
the extent possible under local law), equipment, real estate, leasehold interests, insurances, and
material patents, trademarks and other intellectual property owned by each Foreign Credit Party in
which it is practicable (in accordance with and subject to requirements of local law and taking
into account such cost and practicality considerations as may be agreed by the Administrative
Agent) to obtain such security interests (as determined by the Administrative Agent, based on
advice of local counsel) which security interests shall secure the respective Obligations and be of
the respective priority, in each case, consistent with the Guaranty and Security Principles. All
security documentation to be executed and delivered by the Foreign Credit Parties pursuant to the
immediately preceding sentence (each, as amended, modified, restated and/or supplemented from time
to time, a “Foreign Security Agreement” and, collectively, the “Foreign Security
Agreements”) shall (i) be prepared by local counsel reasonably satisfactory to the Administrative
Agent, (ii) be in form and substance reasonably satisfactory to the Administrative Agent and (iii)
be in full force and effect on the Initial Borrowing Date. In connection with the execution and
delivery of the Foreign Security Agreements, the respective Foreign Credit Parties shall take such
actions as may be necessary or desirable under local law (as advised by local counsel) to create,
maintain, effect, perfect, preserve and protect the security interests granted (or purported to be
granted) thereby (including, without limitation, taking actions analogous to those described in
Section 5.11 with respect to the Security Agreement Collateral described in the U.S. Security
Agreement and in Section 5.13 with respect to the Mortgages covering U.S. Mortgaged Properties), in
each case to the extent customary in connection with secured transactions under the laws of the
respective jurisdiction or deemed necessary or desirable by the Administrative Agent based on
advice of local counsel. Schedule 5.12 sets forth all Foreign Security Agreements to be executed
and delivered on the Initial Borrowing Date.

5.13 Mortgages; Title Insurance; Surveys; etc. (a)  On the Initial Borrowing Date,
the Collateral Agent shall have received:

(i) fully executed counterparts of Mortgages in form and substance reasonably
satisfactory to the Collateral Agent, which Mortgages shall cover such of the Real Property
(located in the United States or any State or territory thereof) owned or leased by Exide
U.S. or any of its Subsidiaries (after giving effect to the Transaction) as are designated on
Part A of Schedule 5.13 as a U.S. Mortgaged Property, together with evidence that
counterparts of the Mortgages have been delivered to the title insurance company insuring the
lien of such Mortgage for recording in all places to the extent necessary or, in the
reasonable opinion of the Collateral Agent, desirable to effectively create (x) a valid and
enforceable first priority mortgage lien on each U.S. Mortgaged Property in favor of the
Collateral Agent (or such other trustee as may be required or desired under local law) to
secure the TL Obligations and (y) a valid and enforceable second priority mortgage lien on
each U.S. Mortgaged Property in favor of the Collateral Agent (or such other trustee as may
be required or desired under local law) to secure the ABL Obligations, in each case, subject
to Permitted Encumbrances, the Permitted Liens described in clauses (i), (ii), (iii), (iv),
(vii), and (viii) of the definition of “Common Permitted Liens” in Section 11 (collectively
referred to herein as the “Permitted Exceptions”);

(ii) Mortgage Policies on the Mortgages on the U.S. Mortgaged Properties issued by such
title insurers reasonably satisfactory to the Collateral Agent in amounts reasonably
satisfactory to the Administrative Agent and the Required Lenders assuring the Collateral
Agent that the Mortgages on such U.S. Mortgaged Properties are valid and enforceable first or
second, as the case may be, priority mortgage liens on the respective U.S. Mortgaged
Properties, free and clear of all defects and encumbrances except Permitted Exceptions and
such Mortgage Policies shall otherwise be in form and substance reasonably satisfactory to
the Administrative Agent and the Required Lenders and shall include, as appropriate, an
endorsement for future advances under this Agreement and the Notes and for any other matter
that the Collateral Agent may reasonably request, shall not include an exception for
mechanics’ liens or creditors’ rights, and shall provide for affirmative insurance and such
reinsurance (including direct access agreements) as the Collateral Agent may reasonably
request; and

(iii) surveys, in form and substance reasonably satisfactory to the Collateral Agent, of
each U.S. Mortgaged Property designated as a “surveyed property” on Part A of Schedule 5.13,
dated a recent date reasonably acceptable to the Collateral Agent (provided,
however, that with respect to surveys that are not dated a recent date, Exide U.S.
shall have the right to deliver an affidavit of no new improvements reasonably acceptable to
the Collateral Agent, so long as the title insurer shall accept such surveys and agree to
issue the Mortgage Policies and endorsements described above, excluding the standard survey
exception, but including the survey dependent endorsements) and certified in a manner
reasonably satisfactory to the Collateral Agent by a licensed professional surveyor
reasonably satisfactory to the Collateral Agent.

(b) On the Initial Borrowing Date, with respect to each Real Property (located outside the
United States and the States and territories thereof) owned by Exide U.S. or any of its
Subsidiaries (after giving effect to the Transaction) and designated on Part B of Schedule 5.13 as
a Foreign Mortgaged Property, the respective Credit Party owning same shall have executed such
Foreign Security Agreements as may be necessary or desirable (in accordance with the requirements
of Section 5.12) to create (x) in the case of a Foreign TL Credit Party, a valid and enforceable
first priority, perfected security interest (or the equivalent under local law) in the respective
Foreign Mortgaged Property to secure (to the extent practicable, as determined in consultation with
the Administrative Agent) its obligations under this Agreement or its Guaranty constituting TL
Obligations and (y) in the case of a Foreign ABL Credit Party, a valid and enforceable first
priority, perfected security interest (or the equivalent under local law) in the respective Foreign
Mortgaged Property to secure (to the extent practicable, as determined in consultation with the
Administrative Agent) its obligations under this Agreement or its Guaranty constituting ABL
Obligations, in each case subject to the Permitted Exceptions, and shall have taken such other
actions under local law as are customary in connection with the granting of security interests in
Real Property in such jurisdictions for transactions of this type. All actions required pursuant
to this clause (b) shall be required to comply with the requirements of Section 5.12 and shall be
taken to the satisfaction of the Administrative Agent.

5.14 Consent Letter. On the Initial Borrowing Date, the Administrative Agent shall
have received a letter from Corporation Service Company, presently located at 1133 Avenue of the
Americas, Suite 3100, New York, New York, 10036, substantially in the form of Exhibit L, indicating
its consent to its appointment by each Credit Party as its agent to receive service of process as
specified in Section 13.08, the U.S. Subsidiaries Guaranty or the relevant Foreign Subsidiaries
Guaranty, as the case may be.

5.15 Solvency Certificates; Insurance Certificates; etc. On or before the Initial
Borrowing Date, the Administrative Agent shall have received:

(a) a solvency certificate in the form of Exhibit K (a “Solvency Certificate”)
from the acting chief financial officer or other financial officer of Exide U.S., dated the
Initial Borrowing Date, and supporting the conclusion that, after giving effect to the
Transaction and the incurrence of all financings contemplated herein, Exide U.S. (on a
stand-alone basis), Exide U.S. and its Subsidiaries (on a consolidated basis), the European
Borrower (on a stand-alone basis), the European Borrower and its Subsidiaries (on a
consolidated basis), in each case, are not insolvent and will not be rendered insolvent by
the indebtedness incurred in connection herewith, will not be left with unreasonably small
capital with which to engage in its or their respective businesses and will not have
incurred debts beyond its or their ability to pay such debts as they mature and become due;
and

(b) evidence of insurance complying with the requirements of Section 8.03 for the
business and properties of Exide U.S. and its Subsidiaries, in scope, form and substance
reasonably satisfactory to the Administrative Agent and the Required Lenders and naming the
Collateral Agent as an additional insured and/or loss payee, and stating that such insurance
shall not be canceled or materially revised without at least 30 days’ prior written notice
by the insurer to the Collateral Agent.

5.16 Financial Statements; Pro Forma Financial Statements; Projections. (a)  On or
prior to the Initial Borrowing Date, there shall have been delivered to the Administrative Agent
(i) true and correct copies of the financial statements referred to in Section 7.09(b)(i), which
financial statements shall demonstrate, to the Administrative Agent’s and the Required Lenders’
reasonable satisfaction that Consolidated EBITDA for Exide U.S. and its Subsidiaries for the latest
twelve months ended February 28, 2007 was at least that amount agreed to between the Administrative
Agent and Exide U.S. prior to the Effective Date, (ii) an unaudited pro forma
(calculated as if the Transaction had occurred on such date) consolidated balance sheet of Exide
U.S. and its Consolidated Subsidiaries as of March 31, 2007 (the “Pro Forma Balance Sheet”)
and (iii) a funds flow statement with respect to the Transaction, which financial statements, Pro
Forma Balance Sheet and funds flow statement shall be reasonably satisfactory to the Administrative
Agent and the Required Lenders.

(b) On or prior to the Initial Borrowing Date, there shall have been delivered to the
Administrative Agent detailed projected consolidated financial statements of Exide U.S. and its
Consolidated Subsidiaries certified by the Chief Financial Officer of Exide U.S. for the three
Fiscal Years ended after the Initial Borrowing Date (the “Projections”), which Projections
(x) shall reflect the forecasted consolidated financial conditions and income and expenses of Exide
U.S. and its Consolidated Subsidiaries after giving effect to the Transaction and the related
financing thereof and the other transactions contemplated hereby and (y) shall be reasonably
satisfactory in form and substance to the Administrative Agent and the Required Lenders.

5.17 Payment of Fees. On the Initial Borrowing Date, all costs, fees and expenses,
and all other compensation due to the Administrative Agent and the Lenders (including, without
limitation, reasonable legal fees and expenses) shall have been paid to the extent then due.

5.18 Initial Borrowing Base Certificate; Excess Availability.

On the Initial Borrowing Date, the Administrative Agent shall have received the initial
Borrowing Base Certificate meeting the requirements of Section 8.01(n), which shall demonstrate, to
the Administrative Agent’s satisfaction, that after giving effect to the Transaction (including,
without limitation, the incurrence of all Loans to be made on the Initial Borrowing Date in
connection with the Transaction), Excess Availability (determined without regard to clause (C) of
the definition thereof) shall be at least $85,000,000.

5.19 Field Examinations. On or prior to the Initial Borrowing Date, the
Administrative Agent shall have received (x) an appraisal of the Inventory of the ABL Credit
Parties and (y) a collateral examination of the Inventory and receivables of the ABL Credit
Parties, in each case, in scope, and from a third-party appraiser and a third-party consultant,
respectively, satisfactory to the Administrative Agent, and the results of such appraisal and
collateral examination shall be in form and substance satisfactory to the Administrative Agent.

SECTION 6. Conditions Precedent to All Credit Events. The obligation of each Lender
to make Loans (including Loans made on the Initial Borrowing Date, but excluding Mandatory
Borrowings made after the Initial Borrowing Date, which shall be made as provided in
Sections 1.01(f)) and the obligation of an Issuing Lender to issue any Letter of Credit, is
subject, at the time of each such Credit Event (except as hereinafter indicated), to the
satisfaction of the following conditions:

6.01 No Default; Representations and Warranties. At the time of each such Credit
Event and immediately after giving effect thereto (i) there shall exist no Default or Event of
Default and (ii) all representations and warranties contained herein or in any other Credit
Document shall be true and correct in all material respects with the same effect as though such
representations and warranties had been made on the date of such Credit Event (it being understood
and agreed that any representation or warranty which by its terms is made as of a specified date
shall be required to be true and correct in all material respects only as of such specified date).

6.02 Notice of Borrowing; Letter of Credit Request; etc. (a)  Prior to the making of
each Loan (excluding Swingline Loans and Mandatory Borrowings), the Administrative Agent shall have
received a Notice of Borrowing meeting the requirements of Section 1.03(a). Prior to the making of
any Swingline Loan, the Swingline Lender shall have received the notice required by Section
1.03(b)(i).

(b) Prior to the issuance of each Letter of Credit, the Administrative Agent and the
respective Issuing Lender shall have received a Letter of Credit Request meeting the requirements
of Section 2.03(a).

6.03 Borrowing Base Limitations. Notwithstanding anything to the contrary set forth
herein (but subject to Section 1.01(g)), it shall be a condition precedent to each Credit Event
that after giving effect thereto (and the use of the proceeds thereof) that:

(i) the Aggregate U.S. Borrower Exposure would not exceed the U.S. Borrowing Base at
such time less the Foreign U.S. Borrowing Base Usage at such time; and

(ii) the Aggregate RL Facility Exposure at such time would not exceed the Total
Borrowing Base at such time (except in the case of Agent Advances).

For purposes of this Section 6.03, the relevant Borrowing Bases will be based upon the
Borrowing Base Certificate most recently delivered.

6.04 Senior Secured Notes Indenture Test. It shall be a condition precedent to each
Credit Event that such Credit Event will be justified under and may be incurred or issued in
accordance with clause (2) of the definition of Permitted Indebtedness contained in, and will not
violate the provisions of, the Senior Secured Notes Indenture (including, without limitation,
Section 4.08 thereof) or if no Senior Secured Notes remain outstanding, any applicable Permitted
Refinancing Test. Without limiting the foregoing, it shall be a condition precedent to each Credit
Event that, after giving effect thereto (and the use of the proceeds thereof), the Aggregate RL
Facility Exposure at such time would not exceed the maximum amount of Indebtedness then permitted
to be incurred and remain outstanding as shown in the Senior Secured Notes Cap Certificate most
recently delivered pursuant to Section 8.01(p).

6.05 Fixed Charge Coverage Test. At any time that Excess Availability is less than
$40,000,000, it shall be a condition precedent to each Credit Event that Exide U.S. shall be in
compliance with the Fixed Charge Coverage financial covenant set forth in Section 9.08 (determined
as if such covenant were applicable at such time if same is not then applicable by its terms).

The occurrence of the Initial Borrowing Date and the acceptance of the benefits or proceeds of
each Credit Event shall constitute a representation and warranty by each Borrower to each Agent and
each of the Lenders that all the conditions specified in Section 5 (with respect to Credit Events
occurring on the Initial Borrowing Date) and Section 6 (with respect to Credit Events on and after
the Initial Borrowing Date) and applicable to such Credit Event (other than such conditions that
are expressly subject to the satisfaction of the Administrative Agent and/or the Lenders or any
group thereof) exist as of that time. All of the Notes, certificates, legal opinions and other
documents and papers referred to in Sections 5 and 6, unless otherwise specified, shall be
delivered to the Administrative Agent at the Notice Office for the account of each of the Lenders,
and, except for the Notes, with as many counterparts or copies as the Administrative Agent may
reasonably request and shall be in form and substance reasonably satisfactory to the Lenders (as
evidenced by their execution and delivery of this Agreement).

SECTION 7. Representations and Warranties. In order to induce the Lenders to enter
into this Agreement, to make the Loans and issue and/or participate in the Letters of Credit as
provided for herein, each Borrower makes the following representations, warranties and agreements
with the Lenders, in each case after giving effect to the Transaction, all of which shall survive
the execution and delivery of this Agreement, the making of the Loans and the issuance of the
Letters of Credit (with the occurrence of the Initial Borrowing Date and each Credit Event on or
after the Initial Borrowing Date being deemed to constitute a representation and warranty that the
matters specified in this Section 7 are true and correct in all material respects on and as of the
Initial Borrowing Date and on and as of the date of each such Credit Event, unless stated to relate
to a specific earlier date in which case such representations and warranties shall be true and
correct in all material respects as of such earlier date):

7.01 Company Status. Each of Exide U.S. and each of its Subsidiaries (i) is a duly
organized and validly existing Company in good standing (or its equivalent) under the laws of the
jurisdiction of its organization, (ii) has the Company power and authority to own its property and
assets and to transact the business in which it is engaged and presently proposes to engage and
(iii) is duly qualified and is authorized to do business and is in good standing (or its
equivalent) in all jurisdictions where it is required to be so qualified (or its equivalent) and
where the failure to be so qualified has had, or could reasonably be expected to have, a Material
Adverse Effect.

7.02 Company Power and Authority. Each Credit Party and each Subsidiary thereof has
the Company power and authority to execute, deliver and carry out the terms and provisions of the
Documents to which it is a party and has taken all necessary Company action to authorize the
execution, delivery and performance of the Documents to which it is a party. Each Credit Party and
each Subsidiary thereof has duly executed and delivered each Document to which it is a party and
each such Document constitutes the legal, valid and binding obligation of such Credit Party
enforceable in accordance with its terms, except to the extent that the enforceability thereof may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
generally affecting creditors’ rights and by equitable principles (regardless of whether
enforcement is sought in equity or at law).

7.03 No Violation. Neither the execution, delivery or performance by any Credit Party
or any Subsidiary thereof of the Documents to which it is a party, nor compliance by any Credit
Party or any such Subsidiary with the terms and provisions thereof, nor the consummation of the
transactions contemplated herein or therein, (i) will contravene any material provision of any
applicable law, statute, rule or regulation, or any order, writ, injunction or decree of any court
or governmental instrumentality, (ii) will conflict or be inconsistent with or result in any breach
of, any of the terms, covenants, conditions or provisions of, or constitute a default under, or
(other than pursuant to the Security Documents or the Senior Secured Notes Documents) result in the
creation or imposition of (or the obligation to create or impose) any Lien upon any of the material
property or assets of Exide U.S. or any of its Subsidiaries pursuant to the terms of any indenture,
mortgage, deed of trust, loan agreement, credit agreement or any other material agreement, contract
or instrument to which Exide U.S. or any of its Subsidiaries is a party or by which it or any of
its material property or assets are bound or to which it may be subject (including, without
limitation, the Existing Indebtedness Agreements and the Existing Notes Indentures) or (iii) will
violate any provision of the certificate of incorporation, by-laws, certificate of partnership,
partnership agreement, certificate of limited liability company, limited liability company
agreement or equivalent organizational document, as the case may be, of Exide U.S. or any of its
Subsidiaries.

7.04 Litigation. There are no actions, suits, proceedings or investigations pending
or, to the knowledge of any Borrower, threatened (i) with respect to any Credit Document, (ii) with
respect to the Transaction or any other Document or (iii) that have had, or could reasonably be
expected to have, a Material Adverse Effect. Additionally, there does not exist any judgment,
order or injunction prohibiting or imposing material adverse conditions upon the occurrence of any
Credit Event.

7.05 Use of Proceeds; Margin Regulations. (a)  The proceeds of all Term Loans
incurred on the Initial Borrowing Date shall be utilized to finance the Refinancing (including
through intercompany loans and dividends, the proceeds of which will be used to effect the
Refinancing) and to pay fees and expenses in connection with the Transaction; provided that
no portion of the proceeds of any Loans made to the European Borrower shall be utilized to
refinance any “Loans” under, and as defined in, the Existing Credit Agreement, the proceeds of
which were used to finance the acquisition of the Equity Interests in any of Foreign Subsidiary of
Exide U.S. by any Subsidiary of Exide U.S. in connection with the “Transaction” under, and as
defined in, the Existing Credit Agreement.

(b) All proceeds of Revolving Loans and Swingline Loans shall be used for the Borrowers’ and
their respective Subsidiaries’ ongoing working capital requirements, for Capital Expenditures and
general corporate purposes (including to effect Refinancing and/or Permitted Acquisitions, to pay
fees and expenses in connection with the Transaction and to make intercompany loans (to the extent
permitted by this Agreement)); provided that no portion of the proceeds of any European
Borrower Revolving Loans or European Borrower Swingline Loans shall be utilized to refinance any
“Loans” under, and as defined in, the Existing Credit Agreement or to pay fees and expenses in
connection with the Transaction.

(c) No part of any Credit Event (or the proceeds thereof) will be used to purchase or carry
any Margin Stock or to extend credit for the purpose of purchasing or carrying any Margin Stock.
Neither the making of any Loan nor the use of the proceeds thereof nor the occurrence of any other
Credit Event will violate or be inconsistent with the provisions of Regulation T, Regulation U or
Regulation X.

7.06 Governmental Approvals. Except as may have been obtained or made on or prior to
the Initial Borrowing Date (and which remain in full force and effect on the Initial Borrowing
Date), no order, consent, approval, license, authorization or validation of, or filing, recording
or registration with, or exemption by, any foreign or domestic governmental or public body or
authority, or any subdivision thereof, is required to authorize or is required in connection with
(i) the execution, delivery and performance of any Document or (ii) the legality, validity, binding
effect or enforceability of any Document.

7.07 Investment Company Act. Neither Exide U.S. nor any of its Subsidiaries is an
“investment company” or a company “controlled” by an “investment company”, within the meaning of
the Investment Company Act of 1940, as amended.

7.08 True and Complete Disclosure. All factual information (taken as a whole)
furnished by or on behalf of Exide U.S. or any of its Subsidiaries in writing to any Agent or any
Lender (including, without limitation, all information contained in the Documents) for purposes of
or in connection with this Agreement, the other Documents or any transaction contemplated herein or
therein is true and accurate in all material respects on the date as of which such information is
dated or certified and not incomplete by omitting to state any material fact necessary to make such
information (taken as a whole) not misleading in any material respect at such time in light of the
circumstances under which such information was provided.

7.09 Financial Condition; Financial Statements. (a)  On and as of the Initial
Borrowing Date, on a pro forma basis after giving effect to the Transaction and to
all Indebtedness (including the Loans) incurred, and to be incurred, and Liens created, and to be
created, by each Credit Party in connection therewith, (i) the sum of the fair value of the assets,
at a fair valuation, of each Credit Party (on a stand-alone basis) and of each Credit Party and its
Subsidiaries (taken as a whole) will exceed its or their respective debts, (ii) the sum of the
present fair salable value of the assets of each Credit Party (on a stand-alone basis) and of each
Credit Party and its Subsidiaries (taken as a whole) will exceed its or their respective debts,
(iii) each Credit Party (on a stand-alone basis) and each Credit Party and its Subsidiaries (taken
as a whole) has or have not incurred and does or do not intend to incur, and does or do not believe
that it or they will incur, debts beyond its or their respective ability to pay such debts as such
debts mature, and (iv) each Credit Party (on a stand-alone basis) and each Credit Party and its
Subsidiaries (taken as a whole) will have sufficient capital with which to conduct its or their
respective businesses. For purposes of this Section 7.09(a), “debt” means any liability on a
claim, and “claim” means (a) right to payment, whether or not such a right is reduced to judgment,
liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal,
equitable, secured, or unsecured or (b) right to an equitable remedy for breach of performance if
such breach gives rise to a payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured or unsecured. The
amount of contingent liabilities at any time shall be computed as the amount that, in the light of
all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability.

(b) (i)  (A) The audited consolidated statements of financial condition of Exide U.S. and its
Consolidated Subsidiaries at March 31, 2006 and the related consolidated statements of income and
cash flows and changes in shareholders’ equity of Exide U.S. and its Consolidated Subsidiaries for
the fiscal year of Exide U.S. ended on such date, (II) the unaudited consolidated balance sheet of
Exide U.S. and its Consolidated Subsidiaries at June 30, 2006, September 30, 2006 and December 31,
2006 and the related consolidated statements of income and cash flows and changes in shareholders’
equity of Exide U.S. and its Consolidated Subsidiaries for the portion of the respective fiscal
year ended on such dates and (III) interim consolidated financial statements of Exide U.S. for each
month ended after the date of the last quarterly financial statements referenced in preceding
clause (II) and at least 15 days prior to the Initial Borrowing Date, in each case furnished to the
Lenders prior to the Initial Borrowing Date, present fairly in all material respects the
consolidated financial position of Exide U.S. and its Consolidated Subsidiaries at the date of said
financial statements and the results for the respective periods covered thereby and (ii) the
Pro Forma Balance Sheet present a good faith estimate of the consolidated
pro forma financial condition of Exide U.S. and its Consolidated Subsidiaries as of
the date thereof. All of the financial statements referred to in clause (i)(A) of the immediately
preceding sentence have been prepared in accordance with U.S. GAAP consistently applied except to
the extent provided in the notes to said financial statements.

(c) Since March 31, 2006, nothing has occurred that has had, or could reasonably be expected
to have, a Material Adverse Effect.

(d) Except as reflected or disclosed in the financial statements described in Section 7.09(b)
and as otherwise permitted by Section 9.04A, there were as of the Initial Borrowing Date (and after
giving effect to any Loans made on such date), no liabilities or obligations with respect to Exide
U.S. or any of its Subsidiaries of any nature whatsoever (whether absolute, accrued, contingent or
otherwise and whether or not due) which, either individually or in the aggregate, could reasonably
be expected to be material to Exide U.S. and its Subsidiaries taken as a whole.

(e) The Projections have been prepared on a basis consistent with the financial statements
referred to in Section 7.09(b) and are based on reasonable good faith estimates and assumptions
made by the management of Exide U.S., and on the Initial Borrowing Date, the Borrowers believe that
the Projections are reasonable and attainable, it being recognized by the Lenders that such
projections of future events are not to be viewed as facts and that actual results during the
period or periods covered by any such Projections may differ from the projected results contained
therein.

7.10 Security Interests. On and after the Initial Borrowing Date, each of the
Security Documents creates (or after the execution, delivery and recordation (if applicable)
thereof will create), as security for the Obligations purported to be secured thereby, a valid and
enforceable perfected security interest in and Lien on all of the Collateral subject thereto,
without prejudice to any statutory priority rights, superior to and prior to the rights of all
third Persons, and subject to no other Liens (except that (i) the Security Agreement Collateral may
be subject to Permitted Liens, (ii) the Pledge Agreement Collateral may be subject to the Liens
described in clauses (i) and (v) of the definition of “Common Permitted Liens” set forth in Section
11, (iii) the security interest and mortgage lien created on any Mortgaged Property may be subject
to the Permitted Exceptions related thereto and (iv) any Foreign Security Agreement shall create
Liens of the priority purported to be created thereby, consistent with the Guaranty and Security
Principles, and with any permitted Liens thereunder to be consistent with the relevant Liens
permitted pursuant to this Agreement), in favor of the Collateral Agent (or such other trustee or
sub-agent or any other third party as may be required or desired under local law or, if required by
local law, the respective Secured Creditors). No filings or recordings or other formalities are
required in order to perfect and/or render enforceable as against third parties the security
interests created under any Security Document except for filings or recordings required in
connection with any such Security Document which shall have been made or, with respect to any
Foreign Security Document, presented to the relevant governmental authority with respect to any
such filing, recordation or other formality, to the satisfaction of the Collateral Agent, on or
prior to the Initial Borrowing Date or on or prior to the execution and delivery thereof as
contemplated by Sections 8.11 (but (x) in the case of an Additional Mortgage, immediately following
the execution and delivery thereof and (y) in the case of any Foreign Security Document,
substantially concurrently with Initial Borrowing Date or the execution and delivery thereof, as
the case may be), 8.14A, 8.14B and 9.13.

7.11 Compliance with ERISA. (a)  Schedule 7.11 sets forth, as of the Initial
Borrowing Date, each Plan and each Multiemployer Plan. Each Plan (and each related trust,
insurance contract or fund) is in compliance in all respects with its terms and in all respects
with all applicable laws, including, without limitation, ERISA and the Code, except to the extent
that any such noncompliances, individually or in the aggregate, would not result in a Material
Adverse Effect. Except as, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect: (1) each Plan (and each related trust, if any) which is
intended to be qualified under Section 401(a) of the Code has received a determination letter from
the Internal Revenue Service to the effect that it meets the requirements of Sections 401(a) and
501(a) of the Code covering all tax law changes prior to the Economic Growth and Tax Relief
Reconciliation Act of 2001 or is comprised of a master or prototype plan that has received a
favorable opinion letter from the Internal Revenue Service (or the sponsor has applied for such
determination letter or opinion letter within the remedial amendment period); (2) except as
disclosed on Schedule 7.11, no Reportable Event has occurred with respect to a Plan (other than,
and since the occurrence of, a Reportable Event related to the filing of a petition under Chapter
11 of the Bankruptcy Code); (3) no Multiemployer Plan is insolvent or in reorganization; (4) except
as disclosed on Schedule 7.11, no Plan has an Unfunded Current Liability; (5) except as disclosed
on Schedule 7.11, no Plan which is subject to Section 412 of the Code or Section 302 of ERISA has
an accumulated funding deficiency, within the meaning of such sections of the Code or ERISA, or,
except as disclosed on Schedule 7.11, has applied for or received a waiver of an accumulated
funding deficiency or an extension of any amortization period, within the meaning of Section 412 of
the Code or Section 303 or 304 of ERISA; (6) all required contributions with respect to a Plan and
a Multiemployer Plan have been made; (7) neither Exide U.S. nor any Subsidiary of Exide U.S. nor
any ERISA Affiliate has incurred any outstanding material liability (including any indirect,
contingent or secondary liability) to or on account of a Plan or a Multiemployer Plan pursuant to
Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or Section
401(a)(29), 4971 or 4975 of the Code or expects to incur any such material liability under any of
the foregoing sections with respect to any Plan or a Multiemployer Plan; (8) to the knowledge of
any Borrower, no condition exists which presents a material risk to Exide U.S. or any Subsidiary of
Exide U.S. or any ERISA Affiliate of incurring a material liability to or on account of a Plan or a
Multiemployer Plan pursuant to the foregoing provisions of ERISA and the Code; (9) no involuntary
proceedings have been instituted to terminate or appoint a trustee to administer any Plan which is
subject to Title IV of ERISA; (10) no action, suit, proceeding, hearing, audit or investigation
with respect to the administration, operation or the investment of assets of any Plan (other than
routine claims for benefits) is pending, expected or threatened; (11) neither Exide U.S. or any
Subsidiary of Exide U.S. or any ERISA Affiliate has filed, or is considering filing, an application
under the IRS Employee Plans Compliance Resolution System or the Department of Labor’s Voluntary
Fiduciary Correction Program with respect to any Plan or Multiemployer Plan; (12) using actuarial
assumptions and computation methods consistent with Part 1 of subtitle E of Title IV of ERISA, the
aggregate liabilities of Exide U.S. and its Subsidiaries and ERISA Affiliates to any Multiemployer
Plans in the event of a withdrawal therefrom, as of the close of the most recent fiscal year of
each such Multiemployer Plan ended prior to the date of the most recent Credit Event would not
result in a material liability to Exide U.S., any Subsidiary of Exide U.S. or an ERISA Affiliate;
(13) each group health plan (as defined in Section 607(1) of ERISA or Section 4980B(g)(2) of the
Code) which covers or has covered employees or former employees of Exide U.S., any Subsidiary of
Exide U.S., or any ERISA Affiliate has at all times been operated in compliance with the provisions
of Part 6 of subtitle B of Title I of ERISA and Section 4980B of the Code; (14) except as disclosed
on Schedule 7.11, no lien imposed under the Code or ERISA on the assets of Exide U.S. or any
Subsidiary of Exide U.S. or any ERISA Affiliate exists, or, to the knowledge of any Borrower, is
likely to arise on account of any Plan or any Multiemployer Plan; and (15) except as disclosed on
Schedule 7.11, neither Exide U.S. nor any Subsidiary of Exide U.S. maintains or contributes to (a)
any group health plan (as defined in Section 5000(b)(1) of the Code) which provides benefits to
retired employees and/or other former employees (other than as required by Section 601 of ERISA) or
(b) any Plan, the obligations with respect to which could reasonably be expected to have a Material
Adverse Effect.

(b) Except as, individually or in the aggregate, would not reasonably be expected to result in
a Material Adverse Effect: (1) each Foreign Pension Plan has been maintained in substantial
compliance with its terms and with the requirements of any and all applicable laws, statutes,
rules, regulations and orders and has been maintained, where required, in good standing with
applicable regulatory authorities, (2) all required contributions with respect to a Foreign Pension
Plan have been made, (3) neither Exide U.S. nor any of its Subsidiaries has incurred any material
outstanding obligation in connection with the termination of or withdrawal from any Foreign Pension
Plan, and (4) the present value of the accrued benefit liabilities (whether or not vested) under
each Foreign Pension Plan, determined as of the end of Exide U.S.’s most recently ended fiscal year
on the basis of actuarial assumptions, each of which is reasonable, did not exceed the current
value of the assets of such Foreign Pension Plan allocable to such benefit liabilities or
alternatively, the Foreign Pension Plan is funded in compliance with applicable law in all respects
and Exide U.S. and its Subsidiaries have established adequate reserves for the present value of
such accrued benefit liabilities under such Foreign Pension Plan in the financial statements
delivered pursuant to Section 8.01(b) and (c).

7.12 Capitalization. (a)  On the Initial Borrowing Date and after giving effect to
the Transaction, the authorized capital stock of Exide U.S. shall consist of (i) 100,000,000 shares
of common stock, $0.01 par value per share (such authorized shares of common stock, together with
any subsequently authorized shares of common stock of Exide U.S., the “Exide U.S. Common
Stock”), of which approximately 60,675,876 shares shall be issued and outstanding and
(ii) 1,000,000 shares of preferred stock, none of which shares shall be issued and outstanding.
All such outstanding shares have been duly and validly issued, are fully paid and nonassessable and
free of preemptive rights. As of the Initial Borrowing Date, except as set forth on Part A of
Schedule 7.12 hereto, Exide U.S. does not have outstanding any securities convertible into or
exchangeable for its capital stock or outstanding any rights to subscribe for or to purchase, or
any options for the purchase of, or any agreement providing for the issuance (contingent or
otherwise) of, or any calls, commitments or claims of any character relating to, its capital stock
or any stock appreciation or similar rights.

(b) On the Initial Borrowing Date and after giving effect to the Transaction, the outstanding
Equity Interests of the European Borrower shall consist of a 99.99% interest in the European
Borrower owned by Exide U.S. and a 0.01% interest in the European Borrower owned by EH
International, LLC. To the extent relevant, all such outstanding interests have been duly and
validly issued, are fully paid and nonassessable and free of preemptive rights. The European
Borrower does not have outstanding any securities convertible into or exchangeable for its Equity
Interests or outstanding any rights to subscribe for or to purchase, or any options for the
purchase of, or any agreement providing for the issuance (contingent or otherwise) of, or any
calls, commitments or claims of any character relating to, its Equity Interests.

7.13 Subsidiaries. On and as of the Initial Borrowing Date and after giving effect to
the Transaction, Exide U.S. has no Subsidiaries other than those Subsidiaries listed on Schedule
7.13. Schedule 7.13 correctly sets forth, as of the Initial Borrowing Date and after giving effect
to the Transaction, (i) the percentage ownership (direct and indirect) of Exide U.S. in each class
of capital stock or other Equity Interests of each of its Subsidiaries and also identifies the
direct owner thereof and (ii) the jurisdiction of organization of each such Subsidiary. All
outstanding shares of capital stock or other Equity Interests of each Subsidiary of Exide U.S. have
been duly and validly issued, are fully paid and non-assessable (to the extent applicable in the
jurisdiction of organization of such Subsidiary) and, in the case of Non-Wholly Owned Subsidiaries
of Exide U.S., have been issued free of preemptive rights. Except as set forth on Part B of
Schedule 7.12 attached hereto, no Subsidiary of Exide U.S. has outstanding any securities
convertible into or exchangeable for its capital stock or other Equity Interests or outstanding any
right to subscribe for or to purchase, or any options or warrants for the purchase of, or any
agreement providing for the issuance (contingent or otherwise) of or any calls, commitments or
claims of any character relating to, its capital stock or other Equity Interests or any stock
appreciation or similar rights. Except for the existing investments described on Schedule 9.05, as
of the Initial Borrowing Date, neither Exide U.S. nor any of its Subsidiaries owns or holds,
directly or indirectly, any capital stock or equity security of, or any other Equity Interests in,
any Person other than its Subsidiaries indicated on Schedule 7.13

7.14 Intellectual Property, etc. Exide U.S. and each of its Subsidiaries owns all
rights in or has the right to use under license all domestic and foreign patents, trademarks,
permits, domain names, service marks, trade names, copyrights, licenses, franchises, inventions,
trade secrets, proprietary information and know-how of any type, whether or not written (including,
but not limited to, rights in computer programs and databases) and formulas, or other rights with
respect to the foregoing, and has obtained assignments of all leases, licenses and other rights of
whatever nature, in each case necessary for the conduct of its business, without any known conflict
with the rights of others which, or the failure to obtain which, as the case may be, individually
or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect.

7.15 Compliance with Statutes; Agreements, etc. Exide U.S. and each of its
Subsidiaries is in compliance with (i) all applicable statutes, regulations, rules and orders of,
and all applicable restrictions imposed by, all governmental bodies, domestic or foreign, in
respect of the conduct of its business and the ownership of its property and (ii) all contracts and
agreements to which it is a party, except such non-compliances as have not had, and could not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

7.16 Environmental Matters. (a)  Exide U.S. and each of its Subsidiaries has complied
with, and on the date of each Credit Event is in compliance with, all applicable Environmental Laws
and the requirements of any permits issued under such Environmental Laws and neither Exide U.S. nor
any of its Subsidiaries is liable for any material penalties, fines or forfeitures for failure to
comply with any of the foregoing. There are no pending or past or, to the knowledge of any
Borrower, threatened Environmental Claims against Exide U.S. or any of its Subsidiaries or any Real
Property owned, leased or operated by Exide U.S. or any of its Subsidiaries (including, to the
knowledge of any Borrower, any such claim arising out of the ownership, lease or operation by Exide
U.S. or any of its Subsidiaries of any Real Property formerly owned, leased or operated by Exide
U.S. or any of its Subsidiaries but no longer owned, leased or operated by Exide U.S. or any of its
Subsidiaries). There are no facts, circumstances, conditions or occurrences on any Real Property
owned, leased or operated by Exide U.S. or any of its Subsidiaries (including, to the knowledge of
any Borrower, any Real Property formerly owned, leased or operated by Exide U.S. or any of its
Subsidiaries but no longer owned, leased or operated by Exide U.S. or any of its Subsidiaries) or,
to the knowledge of any Borrower, on any property adjoining or in the vicinity of any such Real
Property that would reasonably be expected (i) to form the basis of an Environmental Claim against
Exide U.S. or any of its Subsidiaries or any such Real Property or (ii) to cause any such Real
Property to be subject to any restrictions on the ownership, occupancy, use or transferability of
such Real Property by Exide U.S. or any of its Subsidiaries under any applicable Environmental Law.

(b) Notwithstanding anything to the contrary in this Section 7.16, the representations made in
this Section 7.16 shall only be untrue if the aggregate effect of all conditions, failures,
noncompliances, Environmental Claims, Hazardous Materials, Releases and presence of underground
storage tanks, in each case of the types described above, has had, or could reasonably be expected
to have, a Material Adverse Effect. The representations of the Credit Agreement Parties under this
Section 7.16 shall be the sole and exclusive representations of the Credit Agreement Parties
regarding environmental health and safety matters, including all matters arising under
Environmental Law.

7.17 Properties. All Real Property owned by Exide U.S. or any of its Subsidiaries
(other than any Real Property owned by Foreign Subsidiaries of Exide U.S., in each case, with a
Fair Market Value of less than $2,500,000), and all Material Leaseholds leased by Exide U.S. or any
of its Subsidiaries, in each case as of the Initial Borrowing Date and after giving effect to the
Transaction, and the nature of the interest therein, is correctly set forth in Schedule 5.13. Each
of Exide U.S. and each of its Subsidiaries has good and marketable title to, or a validly
subsisting leasehold interest in, all material properties owned or leased by it, including all Real
Property reflected in Schedule 5.13 and in the financial statements referred to in Section 7.09(b),
free and clear of all Liens, other than Permitted Liens.

7.18 Labor Relations. Neither Exide U.S. nor any of its Subsidiaries is engaged in
any unfair labor practice that has had, or could reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect. There is (i) no unfair labor practice
complaint pending against Exide U.S. or any of its Subsidiaries or, to the knowledge of any
Borrower, threatened against any of them, before the National Labor Relations Board or any similar
foreign tribunal or agency, and no grievance or arbitration proceeding arising out of or under any
collective bargaining agreement is so pending against Exide U.S. or any of its Subsidiaries or, to
the knowledge of any Borrower, threatened against any of them, (ii) no strike, labor dispute,
slowdown or stoppage pending against Exide U.S. or any of its Subsidiaries or, to the knowledge of
any Borrower, threatened against Exide U.S. or any of its Subsidiaries and (iii) no union
representation question existing with respect to the employees of Exide U.S. or any of its
Subsidiaries and no union organizing activities are taking place, except (with respect to any
matter specified in clause (i), (ii) or (iii) above, either individually or in the aggregate) such
as has not had, or could reasonably be expected to have, a Material Adverse Effect.

7.19 Tax Returns and Payments. Exide U.S. and each of its Subsidiaries has timely
filed (including applicable extensions) with the appropriate taxing authority, all material
returns, statements, forms and reports for taxes (the “Returns”) required to be filed by or
with respect to the income, properties or operations of Exide U.S. and each of its Subsidiaries.
The Returns accurately reflect in all material respects all liability for taxes of Exide U.S. and
each of its Subsidiaries as a whole for the periods covered thereby. Exide U.S. and each of its
Subsidiaries have paid all material taxes payable by them other than those contested in good faith
and adequately disclosed and for which adequate reserves have been established in accordance with
U.S. GAAP. Except as set forth on Schedule 7.19 hereto, there is no action, suit, proceeding,
investigation, audit, or claim now pending or, to the knowledge of any Borrower, threatened by any
authority regarding any taxes relating to Exide U.S. and its Subsidiaries. Except as set forth on
Schedule 7.19 hereto, neither Exide U.S. nor any of its Subsidiaries has entered into an agreement
or waiver or been requested to enter into an agreement or waiver extending any statute of
limitations relating to the payment or collection of taxes of Exide U.S. or any of its
Subsidiaries, or is aware of any circumstances that would cause the taxable years or other taxable
periods of Exide U.S. or any of its Subsidiaries not to be subject to the normally applicable
statute of limitations.

7.20 Scheduled Existing Indebtedness. Schedule 7.20 sets forth a true and complete
list of all material Indebtedness of Exide U.S. and its Subsidiaries as of the Initial Borrowing
Date and which is to remain outstanding after giving effect to the Transaction and the incurrence
of Loans on such date (exclusive of Indebtedness pursuant to this Agreement and the other Credit
Documents), in each case showing the aggregate principal amount thereof (and the aggregate amount
of any undrawn commitments with respect thereto) and the name of the respective borrower and any
other entity which directly or indirectly guarantees such debt. Part A of Schedule 7.20 lists all
Indebtedness as described in the immediately preceding sentence which is owed to Persons other than
Exide U.S. or any of its Subsidiaries (after giving effect to the consummation of the Transaction)
(with all of such Indebtedness being herein called “Third Party Scheduled Existing
Indebtedness”) and Part B of Schedule 7.20 lists all Indebtedness as described in the
immediately preceding sentence which is owed to Exide U.S. and its Subsidiaries (after giving
effect to the Transaction) (with all of such Indebtedness being herein called “Intercompany
Scheduled Existing Indebtedness”).

7.21 Insurance(a) . Set forth on Schedule 7.21 hereto is a true, correct and complete
summary of all insurance maintained by Exide U.S. and its Subsidiaries (other than local insurance
policies maintained by Foreign Subsidiaries of Exide U.S. that are not material) on and as of the
Initial Borrowing Date, with the amounts insured (and any deductibles) set forth therein.

7.22 Subordination, Etc. The subordination provisions contained in the Senior
Subordinated Convertible Notes Documents governing such Senior Subordinated Convertible Notes is
enforceable against Exide U.S. and the holders of such Senior Subordinated Convertible Notes, and
all Obligations of Exide U.S. hereunder and under the other Credit Documents to which it is a party
are within the definition of “Senior Indebtedness” included in such subordination
provisions.

SECTION 8. Affirmative Covenants. Each Borrower hereby covenants and agrees that as
of the Effective Date and thereafter for so long as this Agreement is in effect and until the Total
Commitment and all Letters of Credit have been terminated, and the Loans, Notes and Unpaid
Drawings, together with interest, Fees and all other Obligations (other than any indemnities
described in Section 13.13 which are not then due and payable) incurred hereunder, are paid in full
in cash:

8.01 Information Covenants. Exide U.S. will furnish, or will cause to be furnished,
to the Administrative Agent (who shall furnish to each Lender):

(a) Monthly Reports. Within 30 days after the close of each fiscal month of
Exide U.S. (commencing with the fiscal month ending May 31, 2007), the consolidated balance
sheet of Exide U.S. and its Subsidiaries as at the end of the relevant month and the related
consolidated statements of income and retained earnings and of cash flows for such month and
for the elapsed portion of the fiscal year ended with the last day of such month, setting
forth comparative figures for the corresponding month in the prior fiscal year all of which
shall be certified by the chief financial officer or other Authorized Officer of Exide U.S.,
subject to normal year-end audit adjustments.

(b) Quarterly Financial Statements. Within 50 days after the close of the
first three quarterly accounting periods in each Fiscal Year of Exide U.S. (commencing with
the Fiscal Quarter ending closest to June 30, 2007), (i) (A) the consolidated balance sheet
of Exide U.S. and its Consolidated Subsidiaries as at the end of such quarterly accounting
period and the related consolidated statements of income and of cash flows for such
quarterly accounting period and for the elapsed portion of the Fiscal Year ended with the
last day of such quarterly accounting period setting forth comparative figures for the
corresponding quarterly accounting period in the prior Fiscal Year and the budgeted figures
for such quarterly period as set forth in the respective financial projections theretofore
delivered pursuant to Section 8.01(d) (unless such quarterly period occurs prior to the
delivery (or required delivery) of the first financial projections pursuant to Section
8.01(d) which include such quarterly accounting period), and (B) consolidating statements of
income and of cash flows of Exide U.S. and its Consolidated Subsidiaries by (x) business
segment (i.e., industrial and transportation) and (y) geographical region
(i.e., the United States, Europe and Asia), in each case certified by the senior
financial officer or other Authorized Officer of Exide U.S. that they fairly present in all
material respects in accordance with U.S. GAAP the financial condition of Exide U.S. and its
Consolidated Subsidiaries as of the dates indicated and the results of their operations
and/or changes in their cash flows for the periods indicated, subject to normal year-end
audit adjustments and the absence of footnotes and (ii) management’s discussion and analysis
of the important operational and financial developments during such quarterly accounting
period.

(c) Annual Financial Statements. Within 90 days after the close of each Fiscal
Year of Exide U.S. (beginning with Fiscal Year 2007), (i) (A) the consolidated balance sheet
of Exide U.S. and its Consolidated Subsidiaries as at the end of such Fiscal Year and the
related consolidated statements of income and stockholders’ equity and of cash flows for
such Fiscal Year and setting forth comparative consolidated figures for the preceding Fiscal
Year and comparable budgeted figures for such Fiscal Year as set forth in the respective
financial projections delivered pursuant to Section 8.01(d) and (B) consolidating statements
of income and of cash flows of Exide U.S. and its Consolidated Subsidiaries by (x) business
segment (i.e., industrial and transportation) and (y) geographical region
(i.e., the United States, Europe and Asia), (ii) in the case of the consolidated
financial statements referred to in subclause (i) (A) above (except for such comparable
budgeted figures), together with a certification by Pricewaterhouse Coopers LLP or such
other independent certified public accountants of recognized national standing as shall be
reasonably acceptable to the Administrative Agent, in each case to the effect that (I) such
statements fairly present in all material respects the financial condition of Exide U.S. and
its Consolidated Subsidiaries as of the dates indicated and the results of their operations
and changes in financial position for the periods indicated in conformity with U.S. GAAP
applied on a basis consistent with prior years except as disclosed therein (i.e.,
fresh-start accounting) and (II) in the course of its regular audit of the business of Exide
U.S. and its Consolidated Subsidiaries, which audit was conducted in accordance with U.S.
GAAS (and (x) except in the case of the audited financial statements for Fiscal Year 2007,
made without qualification or expression of uncertainty, in each case as to going concern
and (y) in each case, made without any qualification as to scope), no Default or Event of
Default which has occurred and is continuing has come to their attention or, if such a
Default or an Event of Default has come to their attention, a statement as to the nature
thereof, and (iii) management’s discussion and analysis of the important operational and
financial developments during such Fiscal Year.

(d) Financial Projections, etc. Not more than 45 days after the commencement
of each Fiscal Year of Exide U.S., financial projections in form reasonably satisfactory to
the Administrative Agent (including projected statements of income, sources and uses of cash
and balance sheets) prepared by Exide U.S. (i) for each of the four Fiscal Quarters of such
Fiscal Year prepared in detail and (ii) for each of the immediately succeeding two Fiscal
Years prepared in summary form, in each case, on a consolidated basis, for Exide U.S. and
its Consolidated Subsidiaries and setting forth, with appropriate discussion, the principal
assumptions upon which such financial projections are based.

(e) Officer’s Certificates. At the time of the delivery of the financial
statements provided for in Sections 8.01(a), (b) and (c), a certificate of the Chief
Financial Officer or other Authorized Officer of Exide U.S. to the effect that no Default or
Event of Default exists or, if any Default or Event of Default does exist, specifying the
nature and extent thereof, which certificate shall (i) if delivered in connection with the
financial statements required by Section 8.01(b) or (c), set forth (x) in reasonable detail
the calculations required to establish whether Exide U.S. and its Subsidiaries were in
compliance with the provisions of Sections 3.03, 4.02, 9.02, 9.03A, 9.03B, 9.04A, 9.04B,
9.05A, 9.05B, 9.06A, 9.06B, 9.08 (regardless of whether Exide U.S. and its Subsidiaries were
required to be in compliance with such Section at such time) and 9.09 as at the end of such
Fiscal Quarter or Fiscal Year, as the case may be, and (y) the calculation of the Leverage
Ratio as at the last day of the respective Fiscal Quarter or Fiscal Year of Exide U.S., as
the case may be, (ii) if delivered with the financial statements required by Section
8.01(c), set forth in reasonable detail the amount of (and the calculations required to
establish the amount of) Excess Cash Flow for the respective Excess Cash Flow Payment
Period, (iii) certify that there have been no changes to Annexes A through G of the U.S.
Security Agreement, Annexes A through G of the U.S. Pledge Agreement and the annexes or
schedules to any other Security Document, in each case since the Initial Borrowing Date or,
if later, since the date of the most recent certificate delivered pursuant to this Section
8.01(e), or if there have been any such changes, a list in reasonable detail of such changes
(but, in each case with respect to this clause (iii), only to the extent that such changes
are required to be reported to the Collateral Agent pursuant to the terms of such Security
Documents) and whether the Credit Agreement Parties and the other Credit Parties have
otherwise taken all actions required to be taken by them pursuant to such Security Documents
in connection with any such changes.

(f) Notice of Default or Litigation. Promptly, and in any event within five
Business Days after any Senior Officer of any Borrower obtains knowledge thereof, notice of
(i) the occurrence of any event which constitutes a Default or an Event of Default, which
notice shall specify the nature and period of existence thereof and what action Exide U.S.
or such Subsidiary proposes to take with respect thereto, (ii) any litigation or proceeding
pending (x) against Exide U.S. or any of its Subsidiaries which has had, or could reasonably
be expected to have, a Material Adverse Effect or (y) on and after the execution and
delivery thereof, with respect to any Existing Notes Document, (iii) any material
governmental investigation pending against Exide U.S. or any of its Subsidiaries and (iv)
any other event, change or circumstance which has had, or could reasonably be expected to
have, a Material Adverse Effect.

(g) Management Letters. Promptly upon receipt thereof, a copy of any
“management letter” submitted to Exide U.S. or any of its Subsidiaries by its independent
accountants in connection with any annual, interim or special audit made by them of the
financial statements of Exide U.S. or any of its Subsidiaries and management’s responses
thereto.

(h) Environmental Matters. Within ten Business Days after any Borrower obtains
knowledge of any of the following (but only to the extent that any of the following, either
individually or in the aggregate, has had, or could reasonably be expected to have, (a) a
Material Adverse Effect or (b) a remedial cost for which Exide U.S. or any of its
Subsidiaries is obligated to pay in excess of $2,500,000), written notice of:

(i) any pending or threatened Environmental Claim against Exide U.S. or any of
its Subsidiaries or any Real Property owned, leased or operated by Exide U.S. or any
of its Subsidiaries;

(ii) any condition or occurrence on any Real Property owned, leased or operated
by Exide U.S. or any of its Subsidiaries that (x) results in noncompliance by Exide
U.S. or any of its Subsidiaries with any applicable Environmental Law or (y) could
reasonably be anticipated to form the basis of an Environmental Claim against Exide
U.S. or any of its Subsidiaries or any such Real Property;

(iii) any condition or occurrence on any Real Property owned, leased or
operated by Exide U.S. or any of its Subsidiaries that could reasonably be
anticipated to cause such Real Property to be subject to any restrictions on the
ownership, lease, occupancy, use or transferability by Exide U.S. or such
Subsidiary, as the case may be, of its interest in such Real Property under any
Environmental Law; and

(iv) the taking of any removal or remedial action in response to the actual or
alleged presence of any Hazardous Material on any Real Property owned, leased or
operated by Exide U.S. or any of its Subsidiaries.

All such notices shall describe in reasonable detail the nature of the claim, investigation,
condition, occurrence or removal or remedial action and Exide U.S.’s response or proposed
response thereto. In addition, Exide U.S. agrees to provide the Lenders (by delivery to the
Administrative Agent) with copies of such detailed reports relating to the subject matter of
any of the matters set forth in clauses (i)-(iv) above as may reasonably be requested by the
Administrative Agent or any Lender.

(i) Reports. Within 3 Business Days following transmission thereof, copies of
any filings and registrations with, and reports to, the SEC by Exide U.S. or any of its
Subsidiaries and copies of all financial statements, proxy statements, notices and reports
as Exide U.S. or any of its Subsidiaries shall send generally to the holders of Existing
Notes (or any Permitted Refinancing Indebtedness in respect thereof) or (following the
public issuance of Equity Interests of Exide U.S. or any of its Subsidiaries) their Equity
Interests in their capacity as such holders (to the extent not theretofore delivered to the
Lenders pursuant to this Agreement).

(j) New Subsidiaries; etc. Within 45 days after the close of each of the first
three Fiscal Quarters of each Fiscal Year of Exide U.S. and within 90 days after the close
of each Fiscal Year of Exide U.S., (w) a list showing each Material Foreign Subsidiary of
Exide U.S. which has not theretofore become party to a Foreign Subsidiaries Guaranty or any
Security Document, (x) a list showing each Subsidiary of Exide U.S. established, created or
acquired during the respective Fiscal Quarter or Fiscal Year (and specifying whether such
Subsidiary is a Material Foreign Subsidiary), and each Subsidiary which has had any Equity
Interests transferred during the respective Fiscal Quarter or Fiscal Year (in each case
describing in reasonable detail the respective transfer of Equity Interests), in each case
naming the direct owner of all Equity Interests in such Subsidiary and describing such
Equity Interests in reasonable detail, and certifying that each such Subsidiary, and each
Credit Party which owns any Equity Interests therein, has taken all actions, if any,
required pursuant to Sections 8.11 and 9.13 and the relevant Security Documents and
certifying Exide U.S.’s compliance with the provisions of Section 8.17, (y) a list of each
Domestic Subsidiary of Exide U.S., if any, which has not been transferred to Exide U.S. or
one or more Qualified U.S. Obligors pursuant to the requirements of Section 8.17(a) (by
virtue of the first proviso to said Section 8.17(a)), and specifically stating the reasons
therefor, and (z) a list of each Foreign Subsidiary organized under any Qualified Foreign
Jurisdiction, if any, which has not been transferred to one or more Qualified Foreign
Obligors pursuant to the requirements of Section 8.17(b) (by reason of the first proviso to
said Section 8.17(b)), and specifically stating the reasons therefor.

(k) Annual Meetings with Lenders. At the request of the Administrative Agent,
Exide U.S. shall, within 120 days after the close of each Fiscal Year of Exide U.S.
(beginning with the Fiscal Year ended nearest to March 31, 2008), hold a meeting (which may
be by conference call or teleconference), at a time and place selected by Exide U.S. and
reasonably acceptable to the Administrative Agent, with all of the Lenders that choose to
participate, to review the financial results of the previous Fiscal Year and the financial
condition of Exide U.S. and its Subsidiaries and the budgets presented for the current
Fiscal Year of Exide U.S. and its Subsidiaries.

(l) Notice of Mandatory Repayments. On or prior to the date of any mandatory
repayment pursuant to Sections 4.02(c) through (e), inclusive, Exide U.S. shall provide
written notice to the Administrative Agent of the amount of the respective repayment or
repayments, as the case may be, and the Loans to which same will be applied, and the
calculations therefor (in reasonable detail).

(m) Hedging Arrangements. At the time of the delivery of the financial
statements provided for in Sections 8.01(b) and (c), a schedule of all Interest Rate
Protection Agreements, Other Hedging Agreements and Commodity Agreements entered into by
Exide U.S. or any of its Subsidiaries with any Lender and/or, to the best knowledge of Exide
U.S., any affiliates of any Lender, which schedule shall show, with respect to each Interest
Rate Protection Agreement and Other Hedging Agreement, whether or not same is secured
pursuant to any of the U.S. Security Documents and, in the case of any such agreement which
is so secured, whether same is secured (i) on a pari passu basis with the
ABL Obligations, (ii) on a contractually subordinated basis to the ABL Obligations or (iii)
on a pari passu basis with the TL Obligations.

(n) Borrowing Base Certificate. (x) On the Initial Borrowing Date and (y)  not
later than 5:00 P.M. (New York time) on or before the 15th Business Day of each month
thereafter (or (x) at any time that Excess Availability is less than $40,000,000, on or
before the third Business Day after the end of each week and (y) at any time a Default or
Event of Default has occurred and is continuing, at such other times as the Administrative
Agent may request), a borrowing base certificate setting forth the U.S. Borrowing Base and
the Foreign Borrowing Base (in each case with supporting calculations) substantially in the
form of Exhibit M (each, a “Borrowing Base Certificate”), which shall be prepared
(A) as of April 30, 2007 in the case of the initial Borrowing Base Certificate and (B) as of
the last Business Day of the preceding month in the case of each subsequent Borrowing Base
Certificate. Each such Borrowing Base Certificate shall include such supporting and other
information as may be requested from time to time by the Administrative Agent.

(o) Field Examinations; Appraisals. (i) At least once during each Fiscal Year
of Exide U.S. (or twice during each Fiscal Year of Exide U.S. during which a Compliance
Period is in effect) or (ii) at any time a Default or Event of Default has occurred and is
continuing, at such other times as the Administrative Agent may request, in any such case,
(x) an appraisal of the Inventory of Exide U.S., the other U.S. ABL Borrowers and the
Specified Foreign Borrowing Base ABL Subsidiary Guarantors and (y) a collateral examination
of the Inventory and receivables of Exide U.S., the other U.S. ABL Borrowers and the Foreign
Borrowing Base ABL Subsidiary Guarantors, in each case, in scope, and from a third-party
appraiser and a third-party consultant, respectively, satisfactory to the Collateral Agent
and completed at the cost and expense of Exide U.S.

(p) Senior Secured Notes Indenture Calculations. On the Initial Borrowing Date
and thereafter within three days after internal financial statements are available to Exide
U.S. for the period of four fiscal quarters most recently ended and in no event no later
than the time periods required for the delivery of quarterly or annual financial statements
pursuant to Section 8.01(b) or (c) (as the case may be), Exide U.S. shall deliver a
certificate (each a “Senior Secured Notes Cap Certificate”) certifying (and showing
in reasonable detail its calculations of) (x) the maximum amount of Permitted Indebtedness
(as defined in the Senior Secured Notes Indenture) which could then be incurred and remain
outstanding (for this purpose, calculated as if no Obligations were then outstanding,
thereby showing the maximum total amount which could be incurred) pursuant to clause (2) of
the definition of Permitted Indebtedness contained in the Senior Secured Notes Indenture at
times prior to the last day of the next ending Four Quarter Period (as defined in the Senior
Secured Notes Indenture) or (y) if no Senior Secured Notes remain outstanding and any
Permitted Refinancing Test is then applicable to Exide U.S. or any of its Subsidiaries, the
maximum amount of indebtedness which then be incurred and remain outstanding (for this
purpose, calculated as if no Obligations were then outstanding, thereby showing the maximum
total amount which could be incurred) pursuant to such Permitted Refinancing Test at times
prior to the last day of the next ending period (if any) for which such Permitted
Refinancing Test shall apply. In addition, if at any time any Net Cash Proceeds (as
defined in the Senior Secured Notes Indenture) are required to be applied to repayments
under the Credit Agreement in accordance with Section 4.11 of the Senior Secured Notes
Indenture (or the documents governing any Permitted Refinancing Indebtedness with respect to
the Senior Secured Notes), on the date thereof Exide U.S. shall deliver a revised Senior
Secured Notes Cap Certificate reflecting any reduction required pursuant to sub-clause (i)
of clause (2) of the definition of Permitted Indebtedness contained in the Senior Secured
Notes Indenture (or the relevant provisions of any then applicable Permitted Refinancing
Test).

(q) Corporate Ratings. Promptly after its occurrence, notification of any
change in Exide U.S.’s corporate rating from S&P or its corporate family rating from Moody’s
(collectively, the “Ratings”).

(r) Other Information. From time to time, such other information or documents
(financial or otherwise) with respect to Exide U.S. or its Subsidiaries as the
Administrative Agent or any Lender (through the Administrative Agent) may reasonably
request, subject to restrictions of applicable law.

8.02 Books, Records and Inspections. Each Borrower will, and will cause each of its
Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries
which permit the preparation of financial statements in accordance with U.S. GAAP and which conform
to all requirements of law, shall be made of all dealings and transactions in relation to its
business and activities. Each Borrower will, and will cause each of its Subsidiaries to, permit
officers and designated representatives of any Agent (or, if an Event of Default has occurred and
is continuing, any Lender), to visit and inspect, under guidance of officers of such Borrower or
such Subsidiary, any of the properties of such Borrower or such Subsidiary, and to examine the
books of account of such Borrower or such Subsidiary and discuss the affairs, finances and accounts
of such Borrower or such Subsidiary with, and be advised as to the same by, its and their officers
and independent accountants, all upon reasonable prior notice and at such reasonable times and
intervals and to such reasonable extent as such Agent (or, if an Event of Default has occurred and
is continuing, such Lender) may reasonably request; provided that neither Exide U.S. nor
any of its Subsidiaries shall be required to, nor will they, make available any materials or
information which is (or are) classified or required to be treated as confidential by the U.S.
government or any agency thereof during any such visitation, inspection, examination, discussion or
advice if the same would not be permitted under applicable law (including, without limitation, the
Department of Defense Industrial Security Regulation and Industrial Security Manual for
Safeguarding Classified Information (Department of Defense Regulation 5220.22-M))(although, to the
extent reasonably requested by the Administrative Agent (or, if an Event of Default has occurred
and is continuing, such Lender), such Borrower will use its commercially reasonable efforts to
obtain any approvals or clearances so that such matters may be disclosed).

8.03 Insurance. (a) Each Borrower will, and will cause each of its Subsidiaries to,
(i) maintain, with financially sound and reputable insurance companies, insurance on all its
property in at least such amounts and against at least such risks as is consistent and in
accordance with industry practice and (ii) furnish to the Administrative Agent, upon request by the
Administrative Agent or any Lender, full information as to the insurance carried. Such insurance
shall in any event include physical damage insurance on all real and personal property (whether now
owned or hereafter acquired) on an all risk basis and business interruption insurance.

(b) Each Borrower will, and will cause each of its Subsidiaries to, at all times keep the
respective property of such Borrower and its Subsidiaries insured in favor of the Collateral Agent,
and all policies or certificates with respect to such insurance (and any other insurance maintained
by, or on behalf of, any Borrower or any of its Subsidiaries other than local insurance policies
maintained by Foreign Subsidiaries of Exide U.S. that are not material) (i) shall be endorsed to
the Collateral Agent’s reasonable satisfaction for the benefit of the Collateral Agent (including,
without limitation, by naming the Collateral Agent as certificate holder, mortgagee and loss payee
with respect to real property, certificate holder and loss payee with respect to personal property,
additional insured with respect to general liability and umbrella liability coverage and
certificate holder with respect to workers’ compensation insurance), (ii) shall state that the
respective insurer shall endeavor to provide at least 30 days’ prior written notice to the
Collateral Agent of any cancellation or material change to any such insurance policy and (iii)
shall be deposited with the Collateral Agent; provided that any payments made to the
Collateral Agent pursuant to such insurance policies shall be subject to applicable local law
requirements (if any).

(c) If any Borrower or any of its Subsidiaries shall fail to maintain all insurance in
accordance with this Section 8.03, or if any Borrower or any of its Subsidiaries shall fail to so
name the Collateral Agent as an additional insured, mortgagee or loss payee, as the case may be, or
so deposit all certificates with respect thereto, the Administrative Agent and/or the Collateral
Agent shall have the right (but shall be under no obligation), upon ten Business Days’ notice to
Exide U.S. (or, if an Event of Default has occurred and is continuing, without notice), to procure
such insurance, and the Credit Agreement Parties agree jointly and severally to reimburse the
Administrative Agent or the Collateral Agent, as the case may be, for all costs and expenses of
procuring such insurance.

8.04 Payment of Taxes. Each Borrower will pay and discharge, and will cause each of
its Subsidiaries to pay and discharge, all taxes, assessments and governmental charges or levies
imposed upon it or upon its income or profits, or upon any properties belonging to it, in each case
on a timely basis, and all such lawful claims which, if unpaid, might become a lien or charge upon
any properties of the Borrowers or any of their Subsidiaries not otherwise permitted under clause
(i) of the definition of Common Permitted Liens in Section 11; provided that neither any
Borrower nor any of its Subsidiaries shall be required to pay any such tax, assessment, charge,
levy or claim which is being contested in good faith and by proper proceedings if it has maintained
adequate reserves with respect thereto in accordance with U.S. GAAP.

8.05 Existence; Franchises. Each Borrower will do, and will cause each of its
Subsidiaries to do, or cause to be done, all things necessary to preserve and keep in full force
and effect its existence and its material rights, franchises, authorities to do business, licenses,
certifications, accreditations and patents; provided, however, that nothing in this
Section 8.05 shall prevent (i) sales of assets and other transactions by Exide U.S. or any of its
Subsidiaries in accordance with Section 9.02 or (ii) the withdrawal by Exide U.S. or any of its
Subsidiaries of its qualification as a foreign corporation, partnership or limited liability
company, as the case may be, in any jurisdiction where such withdrawal could not, either
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

8.06 Compliance with Statutes; etc. (a)  Each Borrower will, and will cause each of
its Subsidiaries to, comply with all applicable statutes, regulations and orders of, and all
applicable restrictions imposed by, all governmental bodies, domestic or foreign, in respect of the
conduct of its business and the ownership of its property, except for such noncompliances as,
individually or in the aggregate, have not had, and could not reasonably be expected to have, a
Material Adverse Effect.

(b) Within 5 Business Days after each Borrower is required by applicable law, statute, rule or
regulation, such Borrower shall file (or cause to be filed) with the SEC all reports, financial
information and certifications required by applicable law, statute, rule or regulation.

8.07 Compliance with Environmental Laws. (a)  (i) Each Borrower will comply, and will
cause each of its Subsidiaries to comply, in all material respects with all Environmental Laws
applicable to the ownership or use of its Real Property now or hereafter owned, leased or operated
by such Borrower or any of its Subsidiaries, will promptly pay or cause to be paid all costs and
expenses incurred in connection with such compliance, and will keep or cause to be kept all such
Real Property free and clear of any Liens imposed pursuant to such Environmental Laws and (ii)
neither any Borrower nor any of its Subsidiaries will generate, use, treat, store, Release or
dispose of, or permit the generation, use, treatment, storage, Release or disposal of, Hazardous
Materials on any Real Property owned, leased or operated by such Borrower or any of its
Subsidiaries, or transport or permit the transportation of Hazardous Materials to or from any such
Real Property, except as required in the ordinary course of business of Exide U.S. and its
Subsidiaries as conducted on the Effective Date and as allowed by (and in compliance with)
applicable law or regulation, provided, however, that no Borrower shall be deemed
to have breached this Section 8.07 to the extent that any failures to comply with the requirements
specified in clause (i) or (ii) above, either individually or in the aggregate, have not had, and
could not reasonably be expected to have, a Material Adverse Effect. If Exide U.S. or any of its
Subsidiaries, or any tenant or occupant of any Real Property owned, leased or operated by Exide
U.S. or any of its Subsidiaries, causes or permits any intentional or unintentional act or omission
resulting in the presence or Release of any Hazardous Material (except in compliance with
applicable Environmental Laws), each Borrower agrees to undertake, and/or to cause any of its
Subsidiaries, tenants or occupants to undertake, at their sole expense, any clean up, removal,
remedial or other action required pursuant to Environmental Laws to remove and clean up any
Hazardous Materials from any Real Property except where the failure to do so has not had, and could
not reasonably be expected to have, a Material Adverse Effect.

(b) At the written request of the Administrative Agent or the Required Lenders, which request
shall specify in reasonable detail the basis therefor, at any time after the occurrence of an Event
of Default, a breach by any Borrower of an environmental provision of this Agreement, or any other
matter that requires the giving of notice under Section 8.01(h), the Borrowers will provide, at
their sole cost and expense, an environmental site assessment report concerning any Real Property
now or hereafter owned, leased or operated by Exide U.S. or any of its Subsidiaries, prepared by an
environmental consulting firm reasonably approved by the Administrative Agent, addressing the
matters which gave rise to such request and estimating the potential costs of any removal, remedial
or other corrective action in connection with any such matter. If any Borrower fails to provide
the same within 45 days after such request was made, the Administrative Agent may order the same,
and the Borrowers shall grant and hereby do grant, to the Administrative Agent and the Lenders and
their agents, access to such Real Property and specifically grant the Administrative Agent and the
Lenders and their agents an irrevocable non-exclusive license, subject to the right of tenants, to
undertake such an assessment, all at the Borrowers’ joint and several expense.

8.08 ERISA. As soon as possible and, in any event, within twenty (20) Business Days
after Exide U.S., any Subsidiary of Exide U.S. or any ERISA Affiliate knows or has reason to know
of the occurrence of any of the following, to the extent that (except as otherwise set forth below)
such occurrence, in any given case, if adversely determined could result in a liability or
obligation of Exide U.S. and/or any of its Subsidiaries of $50,000 or more Exide U.S. will deliver
to the Administrative Agent written notice of the chief financial officer, vice president of human
resources or other Authorized Officer of Exide U.S. setting forth, to the extent known, and in
reasonable detail, such occurrence and the action, if any, that Exide U.S., such Subsidiary or such
ERISA Affiliate is required or proposes to take, together with any notices required or proposed to
be given to or filed by Exide U.S., such Subsidiary, the Plan administrator or such ERISA Affiliate
to or with, the PBGC or any other governmental agency, or a Plan or Multiemployer Plan participant,
and any notices received by Exide U.S., such Subsidiary or ERISA Affiliate from the PBGC or other
governmental agency or a Plan or Multiemployer Plan participant or the Plan administrator with
respect thereto: (1) that a Reportable Event has occurred (except to the extent that Exide U.S. has
previously delivered to the Administrative Agent a notice concerning such event pursuant to clause
(2) hereof); (2) that a contributing sponsor (as defined in Section 4001(a)(13) of ERISA) of a Plan
subject to Title IV of ERISA is subject to the advance reporting requirement of PBGC Regulation
Section 4043.61 (without regard to subparagraph (b)(1) thereof), and an event described in
subsection .62, .63, .64, .65, .66, .67 or .68 of PBGC Regulation Section 4043 is reasonably
expected to occur with respect to such Plan within the following 30 days; (3) that an accumulated
funding deficiency, within the meaning of Section 412 of the Code or Section 302 of ERISA, has been
incurred or (except to the extent that Exide U.S. has previously delivered to the Administrative
Agent a notice concerning such event pursuant to clause (2) hereof) an application has been, or is
reasonably expected to be, made for a waiver or modification of the minimum funding standard
(including any required installment payments) or an extension of any amortization period under
Section 412 of the Code or Section 303 or 304 of ERISA with respect to a Plan; (4) that any
contribution required to be made with respect to a Plan or Multiemployer Plan or Foreign Pension
Plan has been made more than sixty (60) days late; (5) that a Plan or Multiemployer Plan has been
or will be involuntarily terminated, reorganized, partitioned or declared insolvent under Title IV
of ERISA; (6) that a Plan has an Unfunded Current Liability which, when added to the aggregate
amount of Unfunded Current Liabilities with respect to all other Plans as of such date, exceeds the
aggregate amount of the Unfunded Current Liability that existed on the Initial Borrowing Date by
$10,000,000; (7) that involuntary proceedings have been or will be instituted to terminate or
appoint a trustee to administer a Plan which is subject to Title IV of ERISA; (8) that an
involuntary proceeding has been instituted pursuant to Section 515 of ERISA to collect a delinquent
contribution to a Plan or Multiemployer Plan; (9) that, except as otherwise disclosed on Schedule
7.11, Exide U.S., any Subsidiary of Exide U.S. or any ERISA Affiliate will incur or is reasonably
expected to incur any material liability (including any indirect, contingent, or secondary
liability) to or on account of the termination of or withdrawal from a Plan or Multiemployer Plan
under Section 4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or with respect to a Plan or
Multiemployer Plan under Section 401(a)(29), 4971, 4975 or 4980 of the Code or Section 409 or
502(i) or 502(l) of ERISA or with respect to a group health plan (as defined in Section 607(1) of
ERISA, Section 4980B(g)(2) of the Code or 45 Code of Federal Regulations Section 160.103) under
Section 4980B of the Code and/or the Health Insurance Portability and Accountability Act of 1996,
(10) that Exide U.S. or any Subsidiary of Exide U.S. will incur any liability pursuant to any group
health plan (as defined in Section 5000(b)(1) of the Code) that provides benefits to retired
employees or other former employees (other than as required by Section 601 of ERISA) which arises
from the extension of such group health plan to any retirees or former employees who were not
eligible for coverage under such group health plan on the Initial Borrowing Date, except to the
extent that any such liability would not be material to Exide U.S. or any Subsidiary of Exide U.S.;
or (11) Exide U.S. or any Subsidiary of Exide U.S. will incur any liability not otherwise described
in this Section 8.08 pursuant to any Plan or Foreign Pension Plan which, when added to the
aggregate amount of such liabilities with respect to all other Plans and/or Foreign Pension Plans
as of such date, exceeds the aggregate amount of such liabilities that existed on the Initial
Borrowing Date by $10,000,000. To the extent that the financial statements set forth a liability
for which notice would otherwise be required to be given hereunder, a separate notice thereof shall
not be required hereunder. At the request of the Administrative Agent, Exide U.S. will deliver to
the Administrative Agent copies of any records, documents or other information that must be
furnished to the PBGC with respect to any Plan pursuant to Section 4010 of ERISA. Exide U.S. will
deliver to the Administrative Agent a copy of each funding waiver request filed with the Internal
Revenue Service or any other government agency with respect to any Plan and all material
communications received by Exide U.S., any Subsidiary of Exide U.S. or any ERISA Affiliate from the
Internal Revenue Service or any other government agency with respect to each Plan. Exide U.S. will
also deliver upon written request to the Administrative Agent a complete copy of the annual report
(on Internal Revenue Service Form 5500-series) of each Plan (including, to the extent required, the
related financial and actuarial statements and opinions and other supporting statements,
certifications, schedules and information) required to be filed with the Internal Revenue Service.
In addition to any notices delivered to the Administrative Agent pursuant to the first sentence
hereof, copies of annual reports and any records, documents or other information required to be
furnished to the PBGC or any other government agency, and any material notices received by Exide
U.S., any Subsidiary of Exide U.S. or any ERISA Affiliate with respect to any Plan or Foreign
Pension Plan or received from any government agency or plan administrator or sponsor or trustee
with respect to any Multiemployer Plan, shall, upon request of the Administrative Agent, be
delivered to the Administrative Agent no later than twenty (20) Business Days after the date of
such request. Exide U.S. and each of its applicable Subsidiaries shall ensure that all Foreign
Pension Plans administered by it or into which it makes payments obtain or retain (as applicable)
registered status under and as required by applicable law and is administered in a timely manner in
all respects in compliance with all applicable laws except where the failure to do any of the
foregoing has not had, and could not reasonably be expected to have, a Material Adverse Effect.

8.09 Good Repair. Each Borrower will, and will cause each of its Subsidiaries to,
ensure that its material properties and equipment required to be used in its business are kept in
reasonably good repair, working order and condition, ordinary wear and tear, casualty and
condemnation excepted, and that from time to time there are made in such properties and equipment
all necessary and proper repairs, renewals, replacements, extensions, additions, betterments and
improvements thereto, to the extent and in the manner useful or customary for companies in similar
businesses.

8.10 End of Fiscal Years; Fiscal Quarters. Each Borrower will cause (i) each of its
fiscal years to end on March 31 of each calendar year and (ii) each of its Fiscal Quarters to end
on June 30, September 30, December 31 and March 31 of each year.

8.11 New Subsidiaries; Additional Security; Additional Guaranties; Actions with Respect to
Non-Credit Party Subsidiaries; Further Assurances. (a)  To the extent permitted under
applicable law, each Borrower will, and will cause its Subsidiaries which are Subsidiary Guarantors
to, grant to the Collateral Agent (or such other trustee, sub-agent or other third party as may be
required or desired under local law) security interests and mortgages (each, an “Additional
Mortgage”) in: (i) such fee-owned (or the equivalent) Real Property acquired by such Person
after the Initial Borrowing Date and having a value (for such purpose, using the initial purchase
price paid by such Person for such Real Property) in excess of $2,500,000 which is not covered by
the original Mortgages or Foreign Security Agreements, as appropriate, and (ii) such Material
Leaseholds to which a respective landlord has granted its consent to the delivery of a Mortgage
over such Leaseholds (each such Real Property, an “Additional Mortgaged Property”). All
such Additional Mortgages shall be granted pursuant to documentation substantially in the form of a
relevant existing Mortgage or Mortgages or, in the case of Additional Mortgaged Properties located
in a jurisdiction outside the United States, the relevant Foreign Security Agreement covering Real
Property located in such jurisdiction (if any) delivered to the Administrative Agent on the Initial
Borrowing Date or in such other form as is reasonably satisfactory to the Administrative Agent and
shall constitute (w) in the case of any Mortgage or Mortgages with respect to a Real Property
located in the United States or a State or territory thereof (i) a valid and enforceable first
priority mortgage lien on the respective Real Property in favor of the Collateral Agent (or such
other trustee as may be required or desired under the local law) to secure the TL Obligations and
(ii) a valid and enforceable second priority lien on the respective Real Property in favor of the
Collateral Agent (or such other trustee as may be required or desired under local law) to secure
the ABL Obligations, in each case subject to Permitted Exceptions, (x) in the case of any Real
Property of a Foreign ABL Subsidiary Guarantor, a valid and enforceable first priority perfected
security interest (or the equivalent under local law) in the respective Real Property to secure (as
nearly as possible) its obligations as a Foreign ABL Subsidiary Guarantor, (y) in the case of a
Foreign TL Subsidiary Guarantor, a valid and enforceable first priority perfected security interest
(or the equivalent under local law) in the respective Real Property to secure (as nearly as
possible) its obligations as a Foreign TL Subsidiary Guarantor and (z) in the case of a Foreign
Joint Credit Party, a valid and enforceable first priority perfected security interest (or the
equivalent under local law) in the respective Real Property to secure, in the case of the European
Borrower, its Obligations hereunder and under the other Credit Documents on a basis consistent with
the Guaranty and Security Principles and in the case of any Foreign Joint Credit Party, its
Obligations as a Foreign Joint Subsidiary Guarantor on a basis consistent with the Guaranty and
Security Principles, in each case superior to and prior to the rights of all third Persons and
subject to no other Liens (except as are permitted by Section 9.03A or B, as applicable), in favor
of the Collateral Agent (or such other trustee, sub-agent or other third party as may be required
or desired under local law). The Additional Mortgages or instruments related thereto shall be duly
recorded or filed in such manner and in such places as are required by law to create, maintain,
effect, perfect, preserve and protect the Liens in favor of the Collateral Agent (or such other
trustee, sub-agent or other third-party as may be required or desired under local law) required to
be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in
connection therewith shall be paid in full.

(b) Each Borrower will, and will cause each of its Subsidiaries to, at its own expense, make,
execute, endorse, acknowledge, file and/or deliver to the Collateral Agent from time to time such
vouchers, invoices, schedules, confirmatory assignments, confirmatory conveyances, financing
statements, transfer endorsements, confirmatory powers of attorney, certificates, reports and other
assurances or confirmatory instruments and take such further steps relating to the Collateral
covered by any of the Security Documents as the Collateral Agent may reasonably require pursuant to
this Section 8.11. Furthermore, each Borrower will cause to be delivered to the Collateral Agent
such opinions of counsel and other related documents as may be reasonably requested by the
Collateral Agent to assure itself that this Section 8.11 has been complied with.

(c) Subject to the provisions of following clauses (g) and (h):

(x) at any time any Wholly-Owned Domestic Subsidiary of Exide U.S. is created,
established or acquired, such Subsidiary shall be required to execute and deliver (i) a
Joinder Agreement substantially in the form of Exhibit N hereto, (ii) counterparts of the
U.S. Subsidiaries Guaranty, the Intercompany Subordination Agreement and such Security
Documents as would have been entered into by the respective Subsidiary if same had been a
U.S. Subsidiary Guarantor on the Initial Borrowing Date and in each case shall take all
action in connection therewith as would otherwise have been required to be taken pursuant to
Section 5 if such Subsidiary had been a U.S. Subsidiary Guarantor on the Initial Borrowing
Date and (iii) to the extent requested by the Administrative Agent, become a U.S. ABL
Borrower pursuant to its Joinder Agreement;

(y) at any time any Wholly-Owned Subsidiary of Exide U.S. organized under the laws of
any Qualified Foreign Jurisdiction is created, established or acquired, such Subsidiary
shall be required to execute and deliver (1) in the case of a Subsidiary organized under the
laws of a Qualified ABL Jurisdiction, (i) a Joinder Agreement substantially in the form of
Exhibit N hereto, and (ii) counterparts of Foreign ABL Subsidiaries Guaranty (or if
requested by the Administrative Agent upon the advice of local counsel, a new Foreign ABL
Subsidiaries Guaranty), the Intercompany Subordination Agreement and such Security Documents
as would have been entered into by the respective Subsidiary if same had been a Foreign ABL
Subsidiary Guarantor on the Initial Borrowing Date (determined in accordance with the
criteria described in Sections 5.10, 5.12 and 5.13(b)), in each case subject to such
restrictions and/or limitations as may be required under applicable law, and in each case
shall take all action in connection therewith as would otherwise have been required to be
taken pursuant to Section 5 if such Subsidiary had been a Foreign ABL Subsidiary Guarantor
on the Initial Borrowing Date and (2) in the case of a Subsidiary organized under the laws
of a Qualified TL Jurisdiction (in any event, excluding the Foreign Joint Credit Parties),
(i) a Joinder Agreement substantially in the form of Exhibit N hereto and (ii) counterparts
of a Foreign TL Subsidiaries Guaranty (or if requested by the Administrative Agent upon the
advice of local counsel, a new Foreign TL Subsidiaries Guaranty), the Intercompany
Subordination Agreement and such Security Documents as would have been entered into by the
respective Subsidiary if same had been a Foreign TL Subsidiary Guarantor on the Initial
Borrowing Date (determined in accordance with the criteria described in Sections 5.10, 5.12
and 5.13(b)), and in each case shall take all action in connection therewith as would
otherwise have been required to be taken pursuant to Section 5 if such Subsidiary had been a
Foreign TL Subsidiary Guarantor on the Initial Borrowing Date; and

(z) at any time after the Initial Borrowing Date any jurisdiction is added to the list
of Qualified Jurisdictions in accordance with the definition thereof contained herein, then
at the time of such designation each Foreign Subsidiary of Exide U.S. organized under the
laws of such Qualified Jurisdiction (with such exceptions as may be satisfactory to the
Administrative Agent or the Required Lenders) shall be required to become a Foreign
Subsidiary Guarantor (constituting a Foreign ABL Subsidiary Guarantor or Foreign TL
Subsidiary Guarantor, as applicable, based upon the jurisdiction of organization of such
Foreign Subsidiary) and take all applicable actions specified in preceding clause (y) for a
Foreign Joint Credit Party, Foreign ABL Credit Party or Foreign TL Credit Party, as
applicable.

(d) In addition to the requirements contained in the Pledge Agreements, each Borrower agrees
to pledge and deliver, or cause to be pledged and delivered, all of the Equity Interests owned by
any Credit Party of each new Subsidiary of Exide U.S. established or created after the Initial
Borrowing Date to the Collateral Agent (or such other trustee, sub-agent or other third-party as
may be required or desired under local law) for the benefit of the Secured Creditors pursuant to
the Pledge Agreements upon the acquisition of such Equity Interests by any Credit Party (subject to
any delays deemed reasonably necessary or desirable under local law as requested by Exide U.S. and
acceptable to the Administrative Agent in its sole discretion), provided that, in the case of any
Foreign Subsidiary that is a corporation (or treated as such for U.S. tax purposes) which is owned
by a U.S. Credit Party, not more than 65% of the total outstanding voting Equity Interests of such
Person shall be required to be pledged in support of such U.S. Credit Party’s obligations (x) as a
Borrower under the Credit Agreement (in the case of Exide U.S. or a U.S. ABL Borrower) or (y) under
its Guaranty in respect of the Obligations of Exide U.S. and the U.S. ABL Borrowers (in the case of
the other U.S. Credit Parties).

(e) Following any request by the Administrative Agent or the Required Lenders (which request
shall be made after taking into account cost and practicality considerations), Exide U.S. or any of
its Subsidiaries which are Credit Parties, shall, to the maximum extent permitted by applicable law
(but subject to the proviso to the preceding clause (d), to the extent applicable), (x) grant
security interests in such of their Property as may be requested by the Administrative Agent or the
ABL Required Lenders or TL Required Lenders (as appropriate), in which perfected security interests
do not already exist pursuant to the Security Documents theretofore executed and delivered and, in
connection therewith, the Borrowers shall, or shall cause the relevant Subsidiaries of Exide U.S.
to, execute and deliver counterparts of (and thereby become parties to) the applicable Security
Documents and/or Additional Security Documents, in each case in form and substance reasonably
satisfactory to the Administrative Agent and/or (y) with respect to pledges of Equity Interests of,
or promissory notes issued by, Persons described in Section 13.19, take such action (including,
without limitation, the execution of Additional Security Documents, the making of filings, etc.)
under the local law of the Person whose Equity Interests or promissory notes are pledged as may be
requested in order to create, preserve, protect or perfect security interests in such Equity
Interests and/or promissory notes. Any security granted as required above shall secure Obligations
in a manner consistent with the methodology employed on the Effective Date (i.e.,
collateral owned by Foreign Credit Parties shall not secure obligations of the U.S. Borrowers;
collateral owned by Foreign ABL Subsidiary Guarantors shall secure their obligations under their
Foreign ABL Subsidiaries Guaranty; collateral owned by Foreign TL Subsidiary Guarantors shall
secure their obligations under their Foreign TL Subsidiaries Guaranty; and collateral owned by
Foreign Joint Credit Parties shall secure, in the case of the European Borrower, its Obligations
hereunder and under the other Credit Documents on a basis consistent with the Guaranty and Security
Principles and in the case of any other Foreign Joint Credit Party, its Obligations as a Foreign
Joint Subsidiary Guarantor on a basis consistent with the Guaranty and Security Principles).

(f) The security interests required to be granted pursuant to Sections 8.11(d) and (e) shall
be granted pursuant to the respective Security Documents already executed and delivered by the
Credit Parties (or other security documentation substantially similar to such Security Documents or
otherwise reasonably satisfactory in form and substance to the Collateral Agent) and shall
constitute valid perfected security interests with the priority specified in, and otherwise on a
basis consistent with, the Guaranty and Security Principles, in each case prior to the rights of
all third Persons and subject to no other Liens (other than Permitted Liens). The Borrowers shall
(or shall cause their respective Subsidiaries), (i) at their own expense, to (x) execute,
acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter
register, file or record in any appropriate governmental office, any document or instrument
reasonably deemed by the Collateral Agent to be necessary or desirable for the creation,
perfection, maintenance, preservation and protection of the Liens on its assets intended to be
created pursuant to the relevant Security Documents and (y) take all other actions reasonably
requested by the Collateral Agent (including, without limitation, the furnishing of legal opinions)
in connection with the granting of the security interests required pursuant to Sections 8.11(c),
(d) and (e) and (ii) pay in full all taxes, fees and other charges payable in connection with the
granting of the security interests required pursuant to Sections 8.11(c), (d) and (e).

(g) Each Borrower agrees that each action required above by Section 8.11(a) or (b) shall be
completed as soon as possible, but in no event later than 90 days (or such greater number of days
as the Administrative Agent shall agree to in its sole and absolute discretion in any given case)
after such action is requested to be taken by the Administrative Agent or the Required Lenders.
Each Borrower further agrees that (x) each action required above by Section 8.11(c), (d) and (f)
with respect to a newly formed, created or acquired Subsidiary, or with respect to any Subsidiary
which is located in a jurisdiction newly-designated as a Qualified Jurisdiction or which becomes a
Subsidiary, shall be completed within 60 days (or such greater number of days as the Administrative
Agent shall agree to in its sole and absolute discretion in any given case) after the date of the
formation, creation or acquisition of such Subsidiary, the date of the addition of the respective
jurisdiction to the list of Qualified Jurisdictions or the date such Subsidiary becomes a
Subsidiary, as the case may be, and (y) all actions required to be taken pursuant to the last
sentence of Section 8.11(c) and Section 8.11(e) shall be taken as promptly as practicable, and in
any event within 60 days (or such greater number of days as the Administrative Agent shall agree to
in its sole and absolute discretion in any given case), after Exide U.S. receives the respective
request from the Administrative Agent or the Required Lenders.

(h) Notwithstanding anything to the contrary contained in clauses (c) through (g) above, to
the extent the taking of any action as described above by a new Subsidiary acquired pursuant to a
Permitted Acquisition, which is subject to Permitted Acquired Debt which at such time remains in
existence as permitted by Section 9.04A(vi), then to the extent that the terms of the respective
Permitted Acquired Debt prohibit the taking of any actions which would otherwise be required of
such Subsidiary by this Section 8.11, then the time for taking the respective actions (to the
extent prohibited by the terms of the respective Permitted Acquired Debt) shall be extended until
20 Business Days (or such greater number of days as the Administrative Agent shall agree to in its
sole and absolute discretion in any given case) after the earlier of (i) the date of repayment of
such Permitted Acquired Debt and (ii) the first date on which the taking of such actions would not
violate the terms of the respective issue of Permitted Acquired Debt. To the extent the terms of
any Permitted Acquired Debt prohibits the taking of actions otherwise required by this Section
8.11, upon the request of the Administrative Agent or the Required Lenders, each Borrower shall, or
shall cause the respective Subsidiaries of Exide U.S. to, (x) prepay any such Permitted Acquired
Debt which is permitted to be prepaid and/or (y) use reasonable efforts to obtain such consents or
approvals as are needed so that the taking of the actions otherwise specified in this Section 8.11
would not violate the terms of the respective issue of Permitted Acquired Debt. Furthermore, to
the extent any Subsidiary which is not a Wholly-Owned Subsidiary is acquired pursuant to a
Permitted Acquisition (in accordance with the limitations contained in the definition thereof) or
as a result of Investments made pursuant to Sections 9.05A(ii) and 9.05B(ii), then for so long as
such Subsidiary is not a Wholly-Owned Subsidiary, to the extent the U.S. Borrower in good faith
determines that the respective Subsidiary is not able, under applicable requirements of law
(whether because of fiduciary duties under applicable law or other requirements of applicable law)
to execute and deliver a Subsidiaries Guaranty or one or more Security Documents, the respective
such Subsidiary shall not be required to become a Subsidiary Guarantor or execute and deliver such
Security Documents as otherwise required above.

(i) In the event that the Administrative Agent or the Required Lenders at any time after the
Initial Borrowing Date determine in their reasonable discretion (whether as a result of a position
taken by an applicable bank regulatory agency or official, or otherwise) that real estate
appraisals satisfying the requirements set forth in 12 C.F.R., Part 34-Subpart C, or any successor
or similar statute, role, regulation, guideline or order (any such appraisal, a “Required
Appraisal”) are or were required to be obtained, or should, as reasonably determined by the
Administrative Agent, be obtained, in connection with any U.S. Mortgaged Property or U.S. Mortgaged
Properties, then, within 90 days after receiving written notice thereof from the Administrative
Agent or the TL Required Lenders, as the case may be, Exide U.S. shall cause such Required
Appraisal to be delivered, at the expense of Exide U.S., to the Administrative Agent, which
Required Appraisal, and the respective appraiser, shall be reasonably satisfactory to the
Administrative Agent.

8.12 Use of Proceeds. Exide U.S. will, and will cause each of its Subsidiaries to,
use the proceeds of the Loans for the purposes specified in Section 7.05. No Borrower will, nor
will it permit any of its Subsidiaries to, use any of the proceeds of the Loans or any Letter of
Credit to finance the acquisition of any Person that has not been approved and recommended by the
board of directors (or functional equivalent thereof) or the requisite shareholders of such Person.

8.13 Ownership of Subsidiaries. (a)  Notwithstanding anything to the contrary
contained in this Agreement, (x) Exide U.S. shall at all times own directly or indirectly (through
a Wholly-Owned Domestic Subsidiary) 100% of the Equity Interests of the European Borrower and,
subject to Sections 9.02(v) and (ix), the U.S. ABL Borrowers, (y) subject to the proviso to the
first sentence of Section 8.17(a) and Sections 9.02(v) and (ix), Exide U.S. shall at all times own
directly or indirectly (through one or more Wholly-Owned Domestic Subsidiaries (as opposed to
through Foreign Subsidiaries)) all of the capital stock or other Equity Interests (to the extent
owned by Exide U.S. or any of its Subsidiaries) of each Domestic Subsidiary of Exide U.S. and (z)
subject to the relevant provisions of Section 8.17 and Sections 9.02(v) and (ix), 100% of the
Equity Interests of each Foreign ABL Subsidiary Guarantor shall be owned directly or indirectly
(through a Wholly-Owned Foreign Subsidiary that is a Foreign ABL Subsidiary Guarantor) by (i) in
the case of any Foreign ABL Subsidiary Guarantor organized under the laws of a European
jurisdiction, a European ABL Holdco and (ii) in the case of any Foreign ABL Subsidiary Guarantor
organized under the laws of a non-European jurisdiction, Asian/Australian ABL Holdco.

(b) Exide U.S. shall at all times own, directly or indirectly, 100% of the Equity Interests of
its Subsidiaries (except to the extent (v) with respect to Foreign Subsidiaries, directors’
qualifying shares and other nominal amounts of shares required by applicable law to be held by
Persons (other than directors) are issued from time to time (so long as the respective Subsidiary
continues to constitute a Wholly-Owned Subsidiary of Exide U.S.), (w) 100% of the capital stock or
other Equity Interests of any such Subsidiary are sold, transferred or otherwise disposed of
pursuant to a transaction permitted by Section 9.02, (x) less than 100% of the capital stock or
other Equity Interests are acquired in the respective Subsidiary pursuant to a Permitted
Acquisition which meets the criteria specified in the definition of Permitted Acquisition contained
herein, (y) such capital stock or other Equity Interests are acquired pursuant to an Investment
permitted by Sections 9.05A(ii) or 9.05B(ii) or clauses (xiv) and/or (xv) of the definition of
“Common Permitted Investments” in Section 11 or (z) set forth on Schedule 7.13).

8.14 Permitted Acquisitions. It is understood and agreed by the parties hereto that
(x) the covenant contained in Section 8.14A below is for the benefit of the ABL Lenders and may be
amended, modified or waived as contemplated by Section 13.12(a)(A) in their sole discretion;
provided that if a Revolver Event of Default occurs as the result of a violation of Section 8.14A
(unless and until the respective Revolver Event of Default is cured or waived by the ABL Lenders in
accordance with Section 13.12(a)) such violation may give rise to an Event of Default generally
(thereby also permitting an exercise of remedies pursuant to clause (y) of the remedies provision
following Section 10.13 of this Agreement), and (y) the covenant contained in Section 8.14B below
is for the benefit of the TL Lenders and may be amended, modified or waived as contemplated by
Section 13.12(a)(B) in their sole discretion; provided that if a TL Event of Default occurs as the
result of a violation of Section 8.14B (unless and until the respective TL Event of Default is
cured or waived by the TL Lenders in accordance with Section 13.12(a)) such violation may give rise
to an Event of Default generally (thereby also permitting an exercise of remedies pursuant to
clause (x) of the remedies provision following Section 10.13 of this Agreement).

8.14A ABL Permitted Acquisitions Covenant.

(a)  Subject to the provisions of this Section 8.14A and the requirements contained in the
definition of Permitted Acquisition, Exide U.S. and any of its Wholly-Owned Subsidiaries may from
time to time effect Permitted Acquisitions, so long as (in each case except to the extent the
Required Lenders otherwise specifically agree in writing in the case of a specific Permitted
Acquisition): (i) the Common Permitted Acquisition Conditions are satisfied at the time of the
consummation of the proposed Permitted Acquisition; (ii) either (x) the Maximum Permitted
Consideration payable in connection with the proposed Permitted Acquisition (for such purpose,
treating any related Permitted Acquisitions theretofore effected as a single Permitted
Acquisition), when added to the aggregate other Discretionary Uses consummated from and after the
Effective Date, does not exceed, in the aggregate, the Discretionary Amount (subject to the final
sentence of the definition of Discretionary Uses), or (y) the Payment Conditions are satisfied at
the time of consummation of such Permitted Acquisition (both before and after giving effect to the
respective Permitted Acquisition); (iii) Exide U.S. shall have delivered to the Administrative
Agent on the date of the consummation of such proposed Permitted Acquisition, an officer’s
certificate executed by an Authorized Officer of Exide U.S., certifying to the best of his
knowledge, compliance with the requirements of preceding clauses (i) and (ii) and showing in
reasonable detail the satisfaction of the relevant tests (with supporting calculations); and (iv)
if the Maximum Permitted Consideration payable in connection with the proposed Permitted
Acquisition (for such purpose, treating any related Permitted Acquisitions theretofore effected as
a single Permitted Acquisition) is greater than $10,000,000, the Company shall have delivered to
the Administrative Agent a Borrowing Base Certificate, completed on a pro forma basis giving effect
to the respective Permitted Acquisition.

(b) At the time of each Permitted Acquisition involving the creation or acquisition of a
Subsidiary, or the acquisition of capital stock or other Equity Interests of any Person, all
capital stock or other Equity Interests thereof created or acquired in connection with such
Permitted Acquisition shall be pledged for the benefit of the Secured Creditors as, and to the
extent required by, Section 8.11 and the relevant Security Documents.

(c) Each Borrower shall cause each Subsidiary that is formed to effect, or is acquired
pursuant to, a Permitted Acquisition to comply with, and to execute and deliver, all of the
documentation required by, Sections 8.11 and 9.13, to the satisfaction of the Administrative Agent.

(d) The consummation of each Permitted Acquisition shall be deemed to be a representation and
warranty by each Borrower that the certifications by each Borrower (or by one or more of its
respective Authorized Officers) pursuant to Section 8.14A are true and correct and that all
conditions thereto have been satisfied and that same is permitted in accordance with the terms of
this Agreement, which representation and warranty shall be deemed to be a representation and
warranty for all purposes hereunder, including, without limitation, Sections 6 and 10.

8.14B TL Permitted Acquisitions Covenant.

(a)  Subject to the provisions of this Section 8.14B and the requirements contained in the
definition of Permitted Acquisition, Exide U.S. and any of its Wholly-Owned Subsidiaries may from
time to time effect Permitted Acquisitions, so long as (in each case except to the extent the
Required Lenders otherwise specifically agree in writing in the case of a specific Permitted
Acquisition): (i) the Common Permitted Acquisition Conditions are satisfied at the time of the
consummation of the proposed Permitted Acquisition; (ii) the Maximum Permitted Consideration
payable in connection with the proposed Permitted Acquisition, when aggregated with the Maximum
Permitted Consideration payable in connection with all other Permitted Acquisitions consummated
after the Effective Date, does not exceed $50,000,000; and (iii) Exide U.S. shall have delivered to
the Administrative Agent on the date of the consummation of such proposed Permitted Acquisition, an
officer’s certificate executed by an Authorized Officer of Exide U.S., certifying to the best of
his knowledge, compliance with the requirements of preceding clauses (i) and (ii) and showing in
reasonable detail the satisfaction of the relevant tests (with supporting calculations).

(b) At the time of each Permitted Acquisition involving the creation or acquisition of a
Subsidiary, or the acquisition of capital stock or other Equity Interests of any Person, all
capital stock or other Equity Interests thereof created or acquired in connection with such
Permitted Acquisition shall be pledged for the benefit of the Secured Creditors as, and to the
extent required by, Section 8.11 and the relevant Security Documents.

(c) Each Borrower shall cause each Subsidiary that is formed to effect, or is acquired
pursuant to, a Permitted Acquisition to comply with, and to execute and deliver, all of the
documentation required by, Sections 8.11 and 9.13, to the satisfaction of the Administrative Agent.

(d) The consummation of each Permitted Acquisition shall be deemed to be a representation and
warranty by each Borrower that the certifications by each Borrower (or by one or more of its
respective Authorized Officers) pursuant to Section 8.14B are true and correct and that all
conditions thereto have been satisfied and that same is permitted in accordance with the terms of
this Agreement, which representation and warranty shall be deemed to be a representation and
warranty for all purposes hereunder, including, without limitation, Sections 6 and 10.

8.15 Maintenance of Company Separateness. Each Borrower will, and will cause each of
its Subsidiaries to, satisfy in all material respects customary Company formalities, including the
holding of regular board of directors’ and shareholders’ meetings or action by directors or
shareholders without a meeting and the maintenance of Company records. Neither Exide U.S. nor any
other Credit Party shall make any material payment to a creditor of any Non-Credit Party Subsidiary
in respect of any liability of any Non-Credit Party Subsidiary, and no bank account of any
Non-Credit Party Subsidiary shall be commingled with any bank account of Exide U.S. or any other
Credit Party. Any financial statements distributed to any creditors of any Non-Credit Party
Subsidiary shall clearly establish or indicate the corporate separateness of such Non-Credit Party
Subsidiary from Exide U.S. and its other Subsidiaries. Finally, neither Exide U.S. nor any of its
Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result
in the Company existence of any Borrower, any other Credit Party or any Non-Credit Party
Subsidiaries being ignored, or in the assets and liabilities of Exide U.S. or any other Credit
Party being substantively consolidated with those of any other such Person or any Non-Credit Party
Subsidiary in a bankruptcy, reorganization or other insolvency proceeding.

8.16 Performance of Obligations. Each Borrower will, and will cause each of its
Subsidiaries to, perform all of its obligations under the terms of each mortgage, deed of trust,
indenture, loan agreement or credit agreement and each other material agreement, contract or
instrument by which it is bound, except such non-performances as, individually or in the aggregate,
have not caused, and could not reasonably be expected to cause, a Default or Event of Default
hereunder or a Material Adverse Effect.

8.17 Conduct of Business. (a)  The Borrowers shall take all actions so that, at all
times from and after the Initial Borrowing Date, all the assets of Exide U.S. and its Subsidiaries
located within the United States, all Equity Interests in all Domestic Subsidiaries or other U.S.
Persons and all or substantially all of the business of Exide U.S. and its Subsidiaries conducted
in the United States, are, in each case, owned or conducted, as the case may be, by Exide U.S. and
one or more Qualified U.S. Obligors which are not direct or indirect Subsidiaries of any Subsidiary
of Exide U.S. which is a Foreign Subsidiary, provided that if a Foreign Subsidiary (not
itself created or established in contemplation of a Permitted Acquisition) is acquired pursuant to
a Permitted Acquisition which Foreign Subsidiary has (either directly or through one or more
Domestic Subsidiaries) assets or operations in the United States, Exide U.S. shall have a
reasonable period of time (not to exceed 60 days) to effect the transfer of U.S. assets and
operations (including all Equity Interests in any Domestic Subsidiaries or other U.S. Persons held
by it) of the respective Foreign Subsidiary to one or more Qualified U.S. Obligors,
provided further, that the respective transfer shall not be required to be made if
Exide U.S. in good faith determines that such transfer would give rise to adverse tax consequences
to Exide U.S. and its Subsidiaries or would give rise to any material breach or violation of law or
contract (in which case, Exide U.S. and its Subsidiaries shall transfer such assets and operations
at such time, if any, as such adverse tax consequences or breach or violation would not exist and,
until such time, shall use good faith efforts so that any growth in the assets or operations of the
entity so acquired, to the extent located in the United States, are made within one or more
Qualified U.S. Obligors).

(b) In addition to the foregoing requirements, unless otherwise agreed by the ABL Required
Lenders, the Borrowers shall take all actions so that, at all times from and after the Initial
Borrowing Date, all Equity Interests in all Persons organized under any Qualified ABL Jurisdiction
and all or substantially all of the business of Exide U.S.’s Subsidiaries conducted in all
Qualified ABL Jurisdictions, are, in each case, owned or conducted, as the case may be, by one or
more Foreign ABL Subsidiary Guarantors which are direct or indirect Subsidiaries (through one or
more Foreign ABL Subsidiary Guarantors) of (x) in the case of Subsidiaries organized under the laws
of any European jurisdiction, a European ABL Holdco and (y) in the case of any Subsidiary organized
in a non-European jurisdiction, Asian/Australian ABL Holdco, provided that if a Subsidiary
of Exide U.S. organized under the laws of a jurisdiction that is not a Qualified ABL Jurisdiction
(not itself created or established in contemplation of the respective Permitted Acquisition) is
acquired pursuant to a Permitted Acquisition which Subsidiary has (either directly or through one
or more Subsidiaries) assets or operations inside Qualified ABL Jurisdictions, Exide U.S. shall
have a reasonable period of time (not to exceed 90 days (or such greater number of days as the
Administrative Agent shall agree to in its sole and absolute discretion in any given case)) to
effect the transfer of all assets and operations inside Qualified ABL Jurisdictions (including all
Equity Interests in any Persons held by it which are organized under the laws of one or more
Qualified ABL Jurisdictions) of the respective Subsidiary to one or more Foreign Subsidiaries of
Exide U.S. that are Foreign ABL Subsidiary Guarantors that meet the above requirements,
provided further, that the respective transfer shall not be required to be made if
Exide U.S. in good faith determines that such transfer would give rise to any material breach or
violation of law or contract (in which case, Exide U.S. and its Subsidiaries shall transfer such
assets and operations at such time, if any, as such breach or violation would not exist, and until
such time shall use good faith efforts so that any growth in the assets or operations of the entity
so acquired, to the extent located in the Qualified ABL Jurisdictions, are made within one or more
Foreign ABL Subsidiary Guarantors which are direct or indirect Subsidiaries of a European ABL
Holdco or Asian/Australian ABL Holdco, as the case may be, in accordance with the foregoing
requirements).

(c) In addition to the foregoing requirements, unless otherwise agreed by the ABL Required
Lenders and the TL Required Lenders, the Borrowers shall take all actions so that, at all times
from and after the Initial Borrowing Date, all Equity Interests in all Persons organized under any
Qualified TL Jurisdiction and all or substantially all of the business of Exide U.S.’s Foreign
Subsidiaries conducted in Qualified TL Jurisdictions, are, in each case, owned or conducted, as the
case may be, by one or more Foreign TL Subsidiary Guarantors of Exide U.S. which are Foreign TL
Subsidiary Guarantors which are direct or indirect Subsidiaries of the European Borrower but are
not direct or indirect Subsidiaries of Asian/Australian ABL Holdco or a European ABL Holdco,
provided that if a Subsidiary of Exide U.S. organized under the laws of a Qualified ABL
Jurisdiction (not itself created or established in contemplation of the respective Permitted
Acquisition) is acquired pursuant to a Permitted Acquisition which Subsidiary has (either directly
or through one or more Subsidiaries) assets or operations inside Qualified TL Jurisdictions, Exide
U.S. shall have a reasonable period of time (not to exceed 60 days (or such greater number of days
as the Administrative Agent shall agree to in its sole and absolute discretion in any given case))
to effect the transfer of all assets and operations inside Qualified TL Jurisdictions (including
all Equity Interests in any Persons held by it which are organized under the laws of one or more
Qualified TL Jurisdictions) of the respective Subsidiary to one or more Foreign Subsidiaries of
Exide U.S. that are Foreign TL Subsidiary Guarantors which are direct or indirect Subsidiaries of
the European Borrower but are not direct or indirect Subsidiaries of Asian/Australian ABL Holdco or
a European ABL Holdco, provided further, that the respective transfer shall not be
required to be made if Exide U.S. in good faith determines that such transfer would give rise to
any material breach or violation of law or contract (in which case, Exide U.S. and its Subsidiaries
shall transfer such assets and operations at such time, if any, as such breach or violation would
not exist, and until such time shall use good faith efforts so that any growth in the assets or
operations of the entity so acquired, to the extent located in the Qualified TL Jurisdictions, are
made within one or more Foreign TL Subsidiary Guarantors meeting the above requirements).

(d) Subject to provisions substantially similar to those contained in the provisos to
preceding clauses (a), (b) and (c) for Permitted Acquisitions (which provisos shall apply,
mutatis mutandis, to this clause (d)), the Borrower shall take all reasonable
actions to ensure that (i) except with respect to the Specified U.S. Subsidiaries, substantially
all non-U.S. operations of Exide U.S. and its Subsidiaries are conducted through (and non-U.S.
assets owned by) direct or indirect Subsidiaries of the European Borrower, (ii) substantially all
operations in the United Kingdom and Ireland are conducted through (and U.K. and Irish assets owned
by) direct or indirect Subsidiaries of one or more European ABL Holdcos, (iii) substantially all
Indian operations are conducted through (and Indian assets owned by) one or more Subsidiaries of
European ABL Holdcos and/or Asian/Australian ABL Holdco, (iv) substantially all Asia/Pacific
operations (including, without limitation, those in Singapore, New Zealand, Australia and Hong
Kong, but excluding India (which is dealt with in preceding clause (iii)) are conducted through
(and Asia/Pacific assets owned by) one or more direct or indirect Subsidiaries of an Asian/Pacific
ABL Holdco, and (v) except with respect to the Specified U.S. Subsidiaries, substantially all other
European operations are conducted through (and related assets owned by) one or more direct or
indirect Subsidiaries of the European Borrower which are not Subsidiaries of any European ABL
Holdco or Asia/Pacific ABL Holdco.

(e) Subject to the exceptions described above as a result of Permitted Acquisitions, the
Borrowers shall take all actions so that all Foreign Subsidiaries that are not Qualified Foreign
Obligors (other than the Specified U.S. Subsidiaries) are directly or indirectly owned by one or
more Qualified Foreign Obligors.

(f) For the avoidance of doubt, it is understood and agreed that the foregoing provisions of
this Section 8.17 shall not prohibit the acquisition of, or Investments in, Non-Wholly-Owned
Subsidiaries as contemplated by Section 9.13(b), provided that the Equity Interest owned by Exide
U.S. or any of its Subsidiaries in such Non-Wholly-Owned Subsidiaries shall be subject to the
relevant requirements of preceding clauses (a), (b), (c), (d) and (e).

(g) For the avoidance of doubt, it is understood and agreed that the selling of goods by any
Foreign Subsidiary to a Person located within a jurisdiction other than the jurisdiction of
organization of such Foreign Subsidiary shall not constitute conducting operations within such
jurisdiction for purposes of each of the preceding clauses of this Section 8.17.

SECTION 9. Negative Covenants. Each Borrower hereby covenants and agrees (as to
itself and its Subsidiaries) that as of the Effective Date and thereafter for so long as this
Agreement is in effect and until the Total Commitment has terminated, no Letters of Credit or Notes
are outstanding and the Loans, together with interest, Fees and all other Obligations (other than
any indemnities described in Section 13.13 which are not then due and payable) incurred hereunder,
are paid in full in cash:

9.01 Changes in Business; etc. (a)  Exide U.S. and its Subsidiaries will not engage
in any business other than a Permitted Business.

(b) Notwithstanding anything to the contrary contained above in this Section or elsewhere in
this Agreement, at no time shall Exide U.S. or any Subsidiary of Exide U.S. be an obligor or an
obligee with respect to any Intercompany Debt, unless each obligor (including each Person which is
a guarantor thereof) and each obligee with respect thereto are party to the Intercompany
Subordination Agreement; provided, however, that the provisions hereof shall not
apply to those Non-Wholly Owned Subsidiaries listed on Schedule 5.09.

9.02  Consolidation; Merger; Sale or Purchase of Assets; etc.(a) No Borrower will,
nor will it permit any of its respective Subsidiaries to, wind up, liquidate or dissolve its
affairs or enter into any transaction of merger or consolidation, or convey, sell, lease or
otherwise dispose of all or any part of its property or assets (other than repayments in cash of
Indebtedness (including, without limitation, Intercompany Debt) and other obligations not otherwise
prohibited under this Agreement), or enter into any sale-leaseback transactions, or purchase or
otherwise acquire (in one or a series of related transactions) any part of the property or assets
(other than purchases or other acquisitions of inventory, materials and equipment in the ordinary
course of business) of any Person or agree to do any of the foregoing at any future time, except
that the following shall be permitted:

(i) Exide U.S. and its Subsidiaries may lease (as lessee) or license (as licensee) real
or personal property (including intellectual property), and may terminate such leases or
licenses, all in the ordinary course of business (so long as any such lease or license does
not create a Capitalized Lease Obligation, except to the extent permitted by Section 9.04A
and 9.04B);

(ii) Capital Expenditures by Exide U.S. and its Subsidiaries, to the extent not in
violation of Section 9.09;

(iii) Investments permitted pursuant to Sections 9.05A and 9.05B;

(iv) Exide U.S. and its Subsidiaries may, in the ordinary course of business, sell or
otherwise dispose of assets (excluding capital stock of, or other Equity Interests in,
Subsidiaries and joint ventures) which, in the reasonable opinion of such Person, are
obsolete, uneconomic or worn-out;

(v) Exide U.S. and its Subsidiaries may sell assets (other than the capital stock or
other Equity Interests of any Wholly-Owned Subsidiary unless all of the capital stock or
other Equity Interests of such Wholly-Owned Subsidiary are sold in accordance with this
clause (v)), so long as (v) no Default or Event of Default then exists or would result
therefrom, (w) each such sale is in an arm’s-length transaction and Exide U.S. or the
respective Subsidiary receives at least Fair Market Value, (x) except for customary
post-closing adjustments (to be paid in cash within 180 days following the closing of the
respective sale or disposition), at least 75% of the total consideration received by Exide
U.S. or such Subsidiary is paid in cash at the time of the closing of such sale or
disposition, (y) the Net Sale Proceeds therefrom are applied as (and to the extent) required
by Section 4.02(c) and (z) the aggregate amount of the proceeds (taking the amount of cash
and Cash Equivalents, and the Fair Market Value, as determined in good faith by Exide U.S.,
of all other consideration) received from all assets sold pursuant to this clause (v) shall
not exceed $10,000,000 in any Fiscal Year of Exide U.S.;

(vi) each of Exide U.S. and its Subsidiaries may sell or discount, in each case without
recourse and in the ordinary course of business, overdue accounts receivable arising in the
ordinary course of business, but only in connection with the compromise or collection thereof
and not as part of any financing transaction;

(vii) each of Exide U.S. and its Subsidiaries may grant licenses, sublicenses, leases or
subleases to other Persons not materially interfering with the conduct of the business of
Exide U.S. or any of its Subsidiaries, in each case so long as no such grant otherwise
affects the Collateral Agent’s security interest in the asset or property subject thereto;

(viii) transfers of assets (v) among the Qualified U.S. Obligors, (w) among the
Qualified Foreign Obligors, (x) by any Subsidiary of Exide U.S. to any Qualified U.S.
Obligor, (y) by any Foreign Subsidiary of Exide U.S. to any Qualified Foreign Obligor and (z)
by any Foreign Subsidiary of Exide U.S. (other than a Qualified Foreign Obligor) to any
Wholly-Owned Foreign Subsidiary of Exide U.S., in the case of any such transfer, so long as
(I) no Default and no Event of Default then exists or would exist immediately after giving
effect to the respective transfer, (II) Real Property may not be transferred from any Foreign
TL Subsidiary Guarantor to any Person which is not also a Foreign TL Subsidiary Guarantor or
by any Person which is a Foreign ABL Subsidiary Guarantor to any other Person which is not a
Foreign ABL Subsidiary Guarantor, and any other transfer of assets from a Foreign ABL
Subsidiary Guarantor to an entity which is not a Foreign ABL Subsidiary Guarantor shall only
be permitted if in the ordinary course of business, and any other transfer of assets from the
Foreign TL Subsidiary Guarantor to any other entity which is not a Foreign TL Subsidiary
Guarantor shall only be permitted if in the ordinary course of business, and (III) any assets
so transferred shall be subject to security interests granted to the Collateral Agent for the
benefit of the Secured Creditors to the same extent as would have been required had the
transferee originally owned such assets (in accordance with the Guarantee and Security
Principles);

(ix) (w) any Domestic Subsidiary of Exide U.S. may be merged, consolidated or liquidated
with or into Exide U.S. (so long as Exide U.S. is the surviving corporation of such merger,
consolidation or liquidation) or any U.S. Subsidiary Guarantor (so long as a U.S. Subsidiary
Guarantor is the surviving corporation of such merger, consolidation or liquidation), (x) any
U.S. ABL Borrower may be merged, consolidated or liquidated with or into Exide U.S. (so long
as Exide U.S. is the surviving corporation of such merger, consolidation or liquidation) or
any other U.S. ABL Borrower (so long as a U.S. ABL Borrower is the surviving corporation of
such merger, consolidation or liquidation), (y) any Qualified Foreign Obligor (other than the
European Borrower) may be merged, consolidated or liquidated with or into any other Qualified
Foreign Obligor organized in (I) in the case of the merger, consolidation or liquidation of a
Qualified Obligor that is a Foreign TL Subsidiary Guarantor, a Qualified TL Jurisdiction,
(II) in the case of the merger, consolidation or liquidation of a Foreign ABL Subsidiary
Guarantor that is not a Foreign Borrowing Base ABL Subsidiary Guarantor, a Qualified ABL
Jurisdiction that is not an Applicable Foreign Jurisdiction, and (III) in the case of the
merger, consolidation or liquidation of a Foreign Borrowing Base ABL Subsidiary Guarantor, an
Applicable Foreign Jurisdiction (and which is owned in accordance with the relevant
requirements of Section 8.17) and (z) any Foreign Subsidiary of Exide U.S. (other than a
Qualified Foreign Obligor) may be merged, consolidated or liquidated with or into any
Wholly-Owned Foreign Subsidiary of Exide U.S. organized in the same jurisdiction (and which
is owned in accordance with the relevant requirements of Section 8.18), so long as such
Wholly-Owned Foreign Subsidiary is the surviving corporation of such merger, consolidation or
liquidation; provided that any such merger, consolidation or liquidation shall only
be permitted pursuant to this clause (ix), so long as (I) no Default and no Event of Default
then exists or would exist immediately after giving effect thereto, (II) any security
interests granted to the Collateral Agent for the benefit of the Secured Creditors in the
assets (and Equity Interests) of any such Person subject to any such transaction shall remain
in full force and effect and perfected and enforceable (to at least the same extent as in
effect immediately prior to such merger, consolidation or liquidation) and (III) if the
Person to be merged, consolidated or liquidated into another Person as contemplated above is
party to a Guaranty, the nature and scope of the obligations of such Person under its
Guaranty are substantially identical to the nature and scope of the obligations of such other
Person under its Guaranty;

(x) Exide U.S. and its Subsidiaries may transfer inventory in a cash transfer to
Wholly-Owned Subsidiaries of Exide U.S. that are not Qualified Obligors, in each case so long
as (I) any such transfer is made in the ordinary course of its business and consistent with
past practice of Exide U.S. and its Subsidiaries as in effect on the Effective Date, (II) if
the respective transfer is being made to any Credit Party, all actions are taken as necessary
so that the assets so transferred shall be subject to security interest granted to the
Collateral Agent for the benefit of the Secured Creditors to the same extent as would have
been required had the transferee originally owned such assets, in accordance with the
Guarantee and Security Principles, (III) Exide U.S. reasonably determines that the transfer
is not reasonably likely to be adverse to the interests of the Lenders in any material
respect and (IV) no Default and no Event of Default then exists or would exist immediately
after giving effect to the respective transfer;

(xi) so long as no Default and no Event of Default exists at the time of the respective
transfer or immediately after giving effect thereto, Qualified Obligors shall be permitted to
transfer additional assets (other than inventory, cash, Cash Equivalents, Accounts and Equity
Interests in any Credit Party) to other Subsidiaries of Exide U.S. in asset sales, so long as
cash consideration in an amount at least equal to the Fair Market Value of the assets so
transferred is received by the respective transferor;

(xii) Exide U.S. and its Subsidiaries may sell or exchange specific items of equipment,
so long as the purpose of each such sale or exchange is to acquire (and results within 90
days of such sale or exchange in the acquisition of) replacement items of equipment which are
useful in a Permitted Business;

(xiii) each of the Borrowers and the Subsidiary Guarantors shall be permitted to make
Permitted Acquisitions, so long as such Permitted Acquisitions are effected in accordance
with the requirements of Sections 8.14A and 8.14B;

(xiv) each of Exide U.S. and its Subsidiaries may sell or liquidate Cash Equivalents, in
each case for cash at fair market value (as reasonably determined by Exide U.S. or the
respective Subsidiary);

(xv) Exide U.S. and its Subsidiaries may sell inventory to their respective customers in
the ordinary course of business;

(xvi) Exide U.S. and its Subsidiaries may consummate the asset sales described in a
letter delivered by Exide U.S. to the Administrative Agent on or before the Effective Date,
so long as (v) no Default or Event of Default then exists or would result therefrom, (w) each
such sale is in an arm’s-length transaction and Exide U.S. or the respective Subsidiary
receives at least Fair Market Value, (x) except for customary post-closing adjustments (to be
paid in cash within 180 days following the closing of the respective sale or disposition),
immediately after giving effect to each such sale or disposition, at least 75% of the total
consideration received by Exide U.S. or such Subsidiary for all sales or dispositions
consummated pursuant to this Section 9.02(xvi) shall have been cash paid at the time of the
closing of such sales or dispositions and (y) the aggregate amount of the proceeds (taking
the amount of cash and Cash Equivalents, and the Fair Market Value, as determined in good
faith by Exide U.S., of all other consideration) received from all assets sold pursuant to
this clause (xvi) shall not exceed $30,000,000;

(xvii) any Foreign Subsidiary (that is not a Foreign Borrowing Base ABL Subsidiary
Guarantor) party to a Factoring Agreement may sell receivables pursuant to such Factoring
Agreement (after the execution thereof), so long as, in each case (x) each such sale is in an
arm’s-length transaction and such Foreign Subsidiary receives customary advance rates with
respect to the receivables sold, (y) such Foreign Subsidiary receives 100% cash consideration
at the time of each sale, and (z) the aggregate amount of uncollected receivables that have
been sold pursuant to all Factoring Agreements shall not exceed at any time the then
aggregate amount of Indebtedness permitted to be outstanding pursuant to such Factoring
Agreements pursuant to Section 9.04A(xviii) or Section 9.04B, as applicable (for this
purpose, using the U.S. Dollar Equivalent for any amounts not denominated in U.S. Dollars);

(xviii) Exide U.S. and its Subsidiaries may enter into sale-leaseback transactions on
market terms and conditions as exist at the time of the entering into of the respective
transaction, as determined in good faith by Exide U.S., so long as (x) no Default or Event of
Default then exists or would result therefrom and (y) the aggregate amount of the proceeds
(taking the amount of cash and Cash Equivalents, and the Fair Market Value, as determined in
good faith by Exide U.S., of all other consideration) received from all assets sold pursuant
to this clause (xviii) shall not exceed $20,000,000;

(xix) Exide U.S. and its Subsidiaries may sell assets (other than the capital stock or
other Equity Interests of any Wholly-Owned Subsidiary unless all of the capital stock or
other Equity Interests of such Wholly-Owned Subsidiary are sold in accordance with this
clause (xix)), so long as (w) no Default or Event of Default then exists or would result
therefrom, (x) each such sale is in an arm’s-length transaction and Exide U.S. or the
respective Subsidiary receives at least Fair Market Value, (y) except for customary
post-closing adjustments (to be paid in cash within 180 days following the closing of the
respective sale or disposition), at least 75% of the total consideration received by Exide
U.S. or such Subsidiary is paid in cash at the time of the closing of such sale or
disposition and (z) the aggregate amount of the proceeds (taking the amount of cash and Cash
Equivalents, and the Fair Market Value, as determined in good faith by Exide U.S., of all
other consideration) received from all assets sold pursuant to this clause (xix) shall not
exceed $30,000,000; and

(xx) Exide U.S.’s Subsidiaries may liquidate or wind up their affairs so long as such
Subsidiary (x) is liquidated as provided above in Section 9.02(ix) or (ii) does not own any
material assets at the time of such windup or liquidation.

The foregoing provisions of this Section 9.02 are subject to continued compliance by the Borrowers
and their Subsidiaries with the requirements of Sections 8.17, 9.01 and 9.13. To the extent the
Required Lenders waive the provisions of this Section 9.02 with respect to the sale or other
disposition of any Collateral, or any Collateral is sold or otherwise disposed of as permitted by
this Section 9.02, such Collateral (unless transferred to Exide U.S. or a Subsidiary thereof, in
which case any continuing Liens thereon shall be subject to the Guarantee and Security Principles)
shall be sold or otherwise disposed of free and clear of the Liens created by the Security
Documents and the Administrative Agent shall take such actions (including, without limitation,
directing the Collateral Agent to take such actions) as are appropriate in connection therewith.

9.03 Liens. It is understood and agreed by the parties hereto that (x) the covenant
contained in Section 9.03A below is for the benefit of the ABL Lenders and may be amended, modified
or waived as contemplated by Section 13.12(a)(A) in their sole discretion; provided that if a
Revolver Event of Default occurs as the result of a violation of Section 9.03A (unless and until
the respective Revolver Event of Default is cured or waived by the ABL Lenders in accordance with
Section 13.12(a)) such violation may give rise to an Event of Default generally (thereby also
permitting an exercise of remedies pursuant to clause (y) of the remedies provision following
Section 10.13 of this Agreement), and (y) the covenant contained in Section 9.03B below is for the
benefit of the TL Lenders and may be amended, modified or waived as contemplated by Section
13.12(a)(B) in their sole discretion; provided that if a TL Event of Default occurs as the result
of a violation of Section 9.03B (unless and until the respective TL Event of Default is cured or
waived by the TL Lenders in accordance with Section 13.12(a)) such violation may give rise to an
Event of Default generally (thereby also permitting an exercise of remedies pursuant to clause (x)
of the remedies provision following Section 10.13 of this Agreement).

9.03A ABL Liens Covenant. No Borrower will, nor will it permit any of its
Subsidiaries to, create, incur, assume or suffer to exist any Lien upon or with respect to any
property or assets of any kind (real or personal, tangible or intangible) of Exide U.S. or any of
its Subsidiaries, whether now owned or hereafter acquired, or sell any such property or assets
subject to an understanding or agreement, contingent or otherwise, to repurchase such property or
assets (including sales of accounts receivable or notes with recourse to Exide U.S. or any of its
Subsidiaries) or assign any right to receive income or permit the filing of any financing statement
under the UCC or any other similar notice of Lien under any similar recording or notice statute;
provided that the provisions of this Section 9.03A shall not prevent the creation,
incurrence, assumption or existence of the following (Liens described below are herein referred to
as “ABL Permitted Liens”):

(i) Common Permitted Liens;

(ii) Liens upon assets of Exide U.S. or any of its Subsidiaries subject to Capitalized
Lease Obligations permitted pursuant to Section 9.04A(iv), provided that (x) such
Liens only serve to secure the payment of Indebtedness arising under such Capitalized Lease
Obligation and (y) the Lien encumbering the asset giving rise to the Capitalized Lease
Obligation does not encumber any other asset of Exide U.S. or any of its Subsidiaries;

(iii) Liens arising pursuant to purchase money mortgages or security interests securing
Indebtedness representing the purchase price (or financing of the purchase price within 30
days after the respective purchase) of assets acquired after the Initial Borrowing Date by
Exide U.S. and its Subsidiaries, provided that (x) any such Liens attach only to the
assets so purchased, (y) the Indebtedness secured by any such Lien does not exceed 100% of
the Fair Market Value or the purchase price of the property being purchased at the time of
the incurrence of such Indebtedness and (z) the Indebtedness secured thereby is permitted to
be incurred pursuant to Section 9.04A(iv);

(iv) Liens on property or assets acquired pursuant to a Permitted Acquisition, or on
property or assets of a Subsidiary of Exide U.S. in existence at the time such Subsidiary is
acquired pursuant to a Permitted Acquisition, provided that (i) any Indebtedness that is
secured by such Liens is permitted to exist under Section 9.04A(vi), and (ii) such Liens are
not incurred in connection with, or in contemplation or anticipation of, such Permitted
Acquisition and do not attach to any other asset of Exide U.S. or any of its Subsidiaries;

(v) Liens securing Permitted Refinancing Indebtedness permitted pursuant to Section
9.04A(vii) to the extent such Liens comply with clause (b)(ii) of the definition of Permitted
Refinancing Indebtedness; and

(vi) Liens on the assets of a Foreign Subsidiary securing Indebtedness incurred by such
Foreign Subsidiary in accordance with the terms of Section 9.04A(viii), so long as any such
Liens only attach to the assets of the relevant Foreign Subsidiary incurring such
Indebtedness.

In connection with the granting of Liens of the type described in clauses (iv), (xii) and (xvi) of
the definition of “Common Permitted Liens” in Section 11 and clauses (ii), (iii), (iv), (v) and
(vi) of this Section 9.03A by Exide U.S. or any of its Subsidiaries, the Administrative Agent and
the Collateral Agent shall be authorized (notwithstanding anything to the contrary contained in any
applicable Security Document), at the request of any Borrower, to take any actions deemed
appropriate by it in connection therewith (including, without limitation, by executing appropriate
lien releases or lien subordination agreements in favor of the holder or holders of such Liens, in
either case solely with respect to the assets subject to such Liens).

9.03B TL Liens Covenant. No Borrower will, nor will it permit any of its Subsidiaries
to, create, incur, assume or suffer to exist any Lien upon or with respect to any property or
assets of any kind (real or personal, tangible or intangible) of Exide U.S. or any of its
Subsidiaries, whether now owned or hereafter acquired, or sell any such property or assets subject
to an understanding or agreement, contingent or otherwise, to repurchase such property or assets
(including sales of accounts receivable or notes with recourse to Exide U.S. or any of its
Subsidiaries) or assign any right to receive income or permit the filing of any financing statement
under the UCC or any other similar notice of Lien under any similar recording or notice statute;
provided that the provisions of this Section 9.03B shall not prevent the creation, incurrence,
assumption or existence of the following (Liens described below are herein referred to as “TL
Permitted Liens”):

(i) Common Permitted Liens;

(ii) Liens upon assets of Exide U.S. or any of its Subsidiaries subject to Capitalized
Lease Obligations constituting Permitted Indebtedness incurred in accordance with the terms
of Section 9.04B, provided that (x) such Liens only serve to secure the payment of
Indebtedness arising under such Capitalized Lease Obligation and (y) the Lien encumbering the
asset giving rise to the Capitalized Lease Obligation does not encumber any other asset of
Exide U.S. or any of its Subsidiaries;

(iii) Liens arising pursuant to purchase money mortgages or security interests securing
Indebtedness representing the purchase price (or financing of the purchase price within 30
days after the respective purchase) of assets acquired after the Initial Borrowing Date by
Exide U.S. and its Subsidiaries, provided that (x) any such Liens attach only to the
assets so purchased, (y) the Indebtedness secured by any such Lien does not exceed 100% of
the Fair Market Value or the purchase price of the property being purchased at the time of
the incurrence of such Indebtedness and (z) the Indebtedness secured thereby is incurred in
accordance with the terms of Section 9.04B;

(iv) Liens on property or assets acquired pursuant to a Permitted Acquisition, or on
property or assets of a Subsidiary of Exide U.S. in existence at the time such Subsidiary is
acquired pursuant to a Permitted Acquisition, provided that (i) any Indebtedness that is
secured by such Liens is incurred in accordance with the terms of Section 9.04B, and (ii)
such Liens are not incurred in connection with, or in contemplation or anticipation of, such
Permitted Acquisition and do not attach to any other asset of Exide U.S. or any of its
Subsidiaries;

(v) Liens securing Permitted Refinancing Indebtedness incurred in accordance with the
terms of Section 9.04B to the extent such Liens comply with clause (b)(ii) of the definition
of Permitted Refinancing Indebtedness; and

(vi) Liens on the assets of a Foreign Subsidiary (not a Foreign Joint Credit Party)
securing Indebtedness incurred by such Foreign Subsidiary in accordance with the terms of
Section 9.04B, so long as any such Liens only attach to the assets, other than Real Property
and Equity Interests constituting TL Collateral at such time, of the relevant Foreign
Subsidiary incurring such Indebtedness.

In connection with the granting of Liens of the type described in clauses (iv), (xii) and (xvi) of
the definition of “Common Permitted Liens” in Section 11 and clauses (ii), (iii), (iv) and (v) of
this Section 9.03B by Exide U.S. or any of its Subsidiaries, the Administrative Agent and the
Collateral Agent shall be authorized (notwithstanding anything to the contrary contained in any
applicable Security Document), at the request of any Borrower, to take any actions deemed
appropriate by it in connection therewith (including, without limitation, by executing appropriate
lien releases or lien subordination agreements in favor of the holder or holders of such Liens, in
either case solely with respect to the assets subject to such Liens).

9.04 Indebtedness. It is understood and agreed by the parties hereto that (x) the
covenant contained in Section 9.04A below is for the benefit of the ABL Lenders and may be amended,
modified or waived as contemplated by Section 13.12(a)(A) in their sole discretion; provided that
if a Revolver Event of Default occurs as the result of a violation of Section 9.04A (unless and
until the respective Revolver Event of Default is cured or waived by the ABL Lenders in accordance
with Section 13.12(a)) such violation may give rise to an Event of Default generally (thereby also
permitting an exercise of remedies pursuant to clause (y) of the remedies provision following
Section 10.13 of this Agreement), and (y) the covenant contained in Section 9.04B below is for the
benefit of the TL Lenders and may be amended, modified or waived as contemplated by Section
13.12(a)(B) in their sole discretion; provided that if a TL Event of Default occurs as the result
of a violation of Section 9.04B (unless and until the respective TL Event of Default is cured or
waived by the TL Lenders in accordance with Section 13.12(a)) such violation may give rise to an
Event of Default generally (thereby also permitting an exercise of remedies pursuant to clause (x)
of the remedies provision following Section 10.13 of this Agreement).

9.04A ABL Indebtedness Covenant. No Borrower will, nor it will permit any of its
Subsidiaries to, contract, create, incur, assume or suffer to exist any Indebtedness, except:

(i) Indebtedness incurred pursuant to this Agreement and the other Credit Documents;

(ii) Scheduled Existing Indebtedness (but not including any Indebtedness represented by
Existing Notes or pursuant to the Existing Notes Documents) outstanding on the Initial
Borrowing Date and listed on Schedule 7.20, without giving effect to any subsequent
extension, renewal or refinancing thereof, except that Scheduled Existing Indebtedness may be
refinanced through one or more issuances of Permitted Refinancing Indebtedness in accordance
with Section 9.04A(vii) below;

(iii) Indebtedness of the Borrowers under Interest Rate Protection Agreements entered
into to protect them against fluctuations in interest rates in respect of Indebtedness
otherwise permitted under this Agreement, so long as the entering into of such Interest Rate
Protection Agreements are bona fide hedging activities and are not for
speculative purposes;

(iv) Capitalized Lease Obligations and Indebtedness of Exide U.S. and its Subsidiaries
representing purchase money Indebtedness secured by Liens permitted pursuant to Section
9.03A(iii), provided that (i) all such Capitalized Lease Obligations are permitted
under Section 9.11 and (ii) the sum of (x) the aggregate Capitalized Lease Obligations
outstanding at any time pursuant to this clause 9.04A(iv) plus (y) the aggregate
principal amount of such purchase money Indebtedness outstanding at any time shall not exceed
$25,000,000;

(v) intercompany Indebtedness of Exide U.S. and its Subsidiaries to the extent permitted
by clause (vi) of the definition of “Common Permitted Investments” in Section 11;

(vi) Indebtedness of a Subsidiary of Exide U.S. acquired pursuant to a Permitted
Acquisition (or Indebtedness assumed at the time of a Permitted Acquisition of an asset
securing such Indebtedness), provided that (x) such Indebtedness was not incurred in
connection with, or in anticipation or contemplation of, such Permitted Acquisition and (y)
the aggregate principal amount of all Indebtedness outstanding pursuant to this clause (vi)
at any time (such Indebtedness described above in this Section 9.04A(vi) being called
“Permitted Acquired Debt”), when added to the aggregate principal amount of Permitted
Refinancing Indebtedness outstanding pursuant to Section 9.04A(vii) at any time (except to
the extent incurred to refinance Existing Notes or Scheduled Existing Indebtedness and
successive refinancings thereof), shall not exceed $50,000,000;

(vii) Permitted Refinancing Indebtedness, so long as (x) no Default or Event of Default
is in existence at the time of the incurrence of such Permitted Refinancing Indebtedness and
immediately after giving effect thereto and (y) the aggregate principal amount of Permitted
Refinancing Indebtedness outstanding pursuant to this clause (vii) at any time (except to the
extent incurred to refinance Existing Notes or Scheduled Existing Indebtedness and successive
refinancings thereof), when added to the aggregate principal amount of Permitted Acquired
Debt outstanding pursuant to Section 9.04A(vi) at any time, shall not exceed $50,000,000;

(viii) Indebtedness of Foreign Subsidiaries of Exide U.S. that are not ABL Credit
Parties under lines of credit to any such Foreign Subsidiary from Persons other than Exide
U.S. or any of its Subsidiaries, the proceeds of which Indebtedness are used for such Foreign
Subsidiary’s working capital and other general corporate purposes, provided that the
aggregate principal amount of all such Indebtedness outstanding at any time shall not exceed
$20,000,000;

(ix) Indebtedness of Exide U.S. under Shareholder Subordinated Notes issued pursuant to
clause (ii) of the definition of “Common Restricted Payments” in Section 11, so long as the
aggregate outstanding principal amount of Shareholder Subordinated Notes does not at any time
exceed $5,000,000;

(x) additional unsecured Indebtedness of Exide U.S. consisting of unsecured guarantees
by Exide U.S. of (x) obligations (which guaranteed obligations do not themselves constitute
Indebtedness) of one or more Wholly-Owned Subsidiaries of Exide U.S., (y) leases pursuant to
which one or more Wholly-Owned Subsidiaries of Exide U.S. are the respective lessees and (z)
Indebtedness of Wholly-Owned Subsidiaries of Exide U.S. of the type permitted pursuant to
Section 9.04A(xiv);

(xi) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument inadvertently (except in the case of daylight
overdrafts) drawn against insufficient funds in the ordinary course of business, so long as
such Indebtedness is extinguished within five Business Days of the incurrence thereof;

(xii) Indebtedness in respect of Other Hedging Agreements and Commodity Agreements to
the extent permitted by clause (xii) of the definition of “Common Permitted Investments” in
Section 11;

(xiii) (x) Indebtedness of Exide U.S. or any of its Subsidiaries evidenced by completion
guarantees and performance and surety bonds (but excluding (I) such guarantees and bonds
issued to support other Indebtedness and (II) appeal, performance and other bonds and/or
guaranties issued in respect of obligations arising in connection with litigation,
arbitration or similar claims) incurred in the ordinary course of business for purposes of
insuring the performance of Exide U.S. or such Subsidiary of its contractual obligations and
(y) Indebtedness of Exide U.S. or any of its Subsidiaries evidenced by appeal, performance
and other bonds and/or guaranties issued in respect of obligations arising in connection with
litigation, arbitration or similar claims for purposes of insuring the performance of Exide
U.S. or such Subsidiary in an aggregate amount not to exceed $25,000,000 at any time
outstanding;

(xiv) Indebtedness of Foreign Subsidiaries of Exide U.S. under bank guaranties and
letters of credit issued by financial institutions (on behalf of such Foreign Subsidiaries)
and required by governmental laws, orders and regulations in an aggregate amount not to
exceed $15,000,000 at any time;

(xv) additional unsecured Indebtedness of Exide U.S. and its Subsidiaries not otherwise
permitted hereunder not exceeding $40,000,000 in aggregate principal amount at any time
outstanding, provided that no such additional Indebtedness shall be incurred at any
time a Default or Event of Default then exists or would result therefrom;

(xvi) Indebtedness of any Wholly-Owned Foreign Subsidiary of Exide U.S. owed to any
Qualified Obligor constituting the purchase price in respect of intercompany transfers of
goods in the ordinary course of business and consistent with past practices, so long as (i)
such intercompany transfer of goods is permitted by Section 9.02, (ii) any such Indebtedness
is represented by a promissory note, which is pledged to the Collateral Agent pursuant to the
relevant Pledge Agreement and (iii) such intercompany Indebtedness is permitted by clause
(vi) of the definition of “Common Permitted Investments” in Section 11;

(xvii) Exide B.V. may be the obligor or obligee with respect to intercompany
Indebtedness owed (I) by Exide B.V. to the Wholly-Owned Foreign Subsidiaries of Exide U.S.
or (II) to Exide B.V. by the Wholly-Owned Foreign Subsidiaries of Exide U.S., in each case
in connection with the cash management arrangements, including, without limitation, cash
pooling arrangements, in effect with respect to the European Borrower and its Wholly-Owned
Subsidiaries, so long as (i) with respect to any Wholly-Owned Foreign Subsidiary of Exide
U.S. which is a net debtor of Exide B.V. (after giving effect to all intercompany transfers
of funds), any such intercompany Indebtedness is incurred in the ordinary course of business
to fund ongoing working capital requirements of such Wholly-Owned Foreign Subsidiary, (ii)
each intercompany advance made by Exide B.V. and/or any Wholly-Owned Foreign Subsidiary of
Exide U.S. pursuant to this clause (xvii) shall be subject to subordination as, and to the
extent, required by the Intercompany Subordination Agreement, (iii) to the extent a
Wholly-Owned Foreign Subsidiary that is not a Qualified Obligor is the obligor with respect
to any such intercompany Indebtedness, the aggregate amount of all such intercompany
Indebtedness owed by all such Wholly-Owned Foreign Subsidiaries in excess of $5,000,000 at
any time (owed to Exide B.V. by such Wholly-Owned Foreign Subsidiary) shall be treated as an
Investment and shall only be permitted if independently justified by Section 9.05A or 9.05B,
as applicable (other than by clause (vi)(t) of the definition of “Common Permitted
Investments” in Section 11) and (iv) any intercompany Indebtedness incurred in reliance of
this clause (xvii) shall cease to be permitted hereunder if the obligor or obligee
thereunder ceases to constitute a Qualified Obligor or a Wholly-Owned Foreign Subsidiary of
Exide U.S., as the case may be;

(xviii) Indebtedness of any Foreign Subsidiary of Exide U.S. that is not a Foreign
Borrowing Base ABL Subsidiary Guarantor pursuant to a Factoring Agreement (after the
execution thereof), provided that the aggregate principal amount of all such
Indebtedness outstanding at any time shall not exceed, when added to the aggregate amount of
Indebtedness of Exide U.S. and its Subsidiaries outstanding pursuant to Section 9.04A(viii),
€70,000,000; and

(xix) Indebtedness of Exide U.S. under the Existing Notes and the other Existing Notes
Documents and of the U.S. Subsidiary Guarantors (so long as same remain U.S. Subsidiary
Guarantors) under guarantees of the obligations of Exide U.S. under the Existing Notes
Documents, in an aggregate principal amount (without duplication in the case of such
guaranteed amounts) of not more than $350,000,000, less the aggregate amount of principal
repayments made after the Initial Borrowing Date.

In addition, notwithstanding anything to the contrary contained above, (x) in no event shall any
Foreign Subsidiary of Exide U.S. guarantee (or provide security for) any Indebtedness under any
Existing Notes Document, and (y) at any time that Senior Secured Notes remain outstanding Exide
U.S. will not, and will not permit any of its Subsidiaries to, incur any Indebtedness pursuant to
clause (13) of the definition of “Permitted Indebtedness” set forth in the Senior Secured Notes
Indenture, as in effect on the Effective Date.

9.04B TL Indebtedness Covenant. For purposes of this Section 9.04B only, capitalized terms
used herein and defined in Schedule VII hereto are used in this Section 9.04B as therein defined.

(a) Exide U.S. will not, and will not permit any of its Subsidiaries to, directly or
indirectly, create, incur, assume, guarantee, acquire, become liable, contingently or otherwise,
with respect to or otherwise become responsible for payment of (collectively, “incur”) any
Indebtedness (other than Permitted Indebtedness); provided, however, that if no Default or Event of
Default shall have occurred and be continuing at the time of or as a consequence of the incurrence
of any such Indebtedness, Exide U.S. or any of its Subsidiaries may incur (x) Subordinated
Indebtedness (including, without limitation, Acquired Indebtedness that constitutes Subordinated
Indebtedness) if on the date of the incurrence of such Subordinated Indebtedness, after giving
effect to the incurrence thereof, the Consolidated Fixed Charge Coverage Ratio of Exide U.S. would
have been greater than 2.25 to 1.0 (the “Fixed Charge Coverage Ratio Provision”) and (y)
non-Subordinated Indebtedness (including Acquired Indebtedness that constitutes non-Subordinated
Indebtedness) if on the date of the incurrence of such non-Subordinated Indebtedness, after giving
effect to the incurrence thereof, the Consolidated Fixed Charge Coverage Ratio of Exide U.S. would
have been greater than 2.25 to 1.0 and the Consolidated Senior Leverage Ratio of Exide U.S. would
have been less than 4.75 to 1.0.

(b) Notwithstanding the foregoing, if the Senior Secured Notes (or Permitted Refinancing
Indebtedness incurred in respect thereof) do not have the Minimum Rating at the time of the
incurrence of Indebtedness pursuant to the Fixed Charge Coverage Ratio Provision of clause (a)
above by a Subsidiary that is not a U.S. Subsidiary Guarantor then the aggregate amount of
Indebtedness (other than Permitted Indebtedness) that may be incurred by a Subsidiary that is not a
U.S. Subsidiary Guarantor pursuant to the Fixed Charge Coverage Ratio Provision of clause (a) above
shall not exceed, taken together with any other Indebtedness incurred pursuant to the Fixed Charge
Coverage Ratio Provision of clause (a) above by Exide U.S.’s Subsidiaries that are not U.S.
Subsidiary Guarantors and then outstanding, $150.0 million less the aggregate amount of
Indebtedness incurred by Exide U.S.’s Subsidiaries that are not U.S. Subsidiary Guarantors pursuant
to clause 14 of the definition of Permitted Indebtedness and then outstanding.

(c) The TL Borrowers will not, and will not permit any TL Guarantor to, directly or
indirectly, incur any Indebtedness which by its terms (or by the terms of any agreement governing
such Indebtedness) is expressly subordinated in right of payment to any other Indebtedness of the
TL Borrowers or such TL Guarantor, as the case may be, unless such Indebtedness is also by its
terms (or by the terms of any agreement governing such Indebtedness) made expressly subordinate to
the TL Obligations of the respective TL Borrower and TL Guarantor, as the case may be, to the same
extent and in the same manner as such Indebtedness is subordinated to other Indebtedness of the
respective TL Borrower or TL Guarantor, as the case may be. For purposes of the foregoing, no
Indebtedness will be deemed to be subordinated in right of payment to any other Indebtedness of any
TL Borrower or TL Guarantor solely by virtue of such Indebtedness being unsecured or by virtue of
the fact that the holders of such Indebtedness have entered into one or more intercreditor
agreements giving one or more of such holders priority over the other holders in the collateral
held by them.

9.05 Advances; Investments; Loans. It is understood and agreed by the parties hereto
that (x) the covenant contained in Section 9.05A below is for the benefit of the ABL Lenders and
may be amended, modified or waived as contemplated by Section 13.12(a)(A) in their sole discretion;
provided that if a Revolver Event of Default occurs as the result of a violation of Section 9.05A
(unless and until the respective Revolver Event of Default is cured or waived by the ABL Lenders in
accordance with Section 13.12(a)) such violation may give rise to an Event of Default generally
(thereby also permitting an exercise of remedies pursuant to clause (y) of the remedies provision
following Section 10.13 of this Agreement), and (y) the covenant contained in Section 9.05B below
is for the benefit of the TL Lenders and may be amended, modified or waived as contemplated by
Section 13.12(a)(B) in their sole discretion; provided that if a TL Event of Default occurs as the
result of a violation of Section 9.05B (unless and until the respective TL Event of Default is
cured or waived by the TL Lenders in accordance with Section 13.12(a)) such violation may give rise
to an Event of Default generally (thereby also permitting an exercise of remedies pursuant to
clause (x) of the remedies provision following Section 10.13 of this Agreement).

9.05A ABL Advances; Investments; Loans Covenant. No Borrower will nor will
permit any of its Subsidiaries to, directly or indirectly, lend money or extend credit or make
advances to any Person, or purchase or acquire any stock, obligations or securities of, or any
other Equity Interest in, or make any capital contribution to, any Person, or purchase or own a
futures contract or otherwise become liable for the purchase or sale of currency or other
commodities at a future date in the nature of a futures contract, or acquire or hold any cash or
Cash Equivalents (each of the foregoing an “Investment” and, collectively,
“Investments”), except that the following shall be permitted:

(i) Common Permitted Investments; and

(ii) Exide U.S. and its Subsidiaries may make additional Investments not otherwise
permitted under this Section 9.05A; provided that if the Payment Conditions are not
satisfied both before and after giving effect to any such Investment, the aggregate amount
of all Investments made after the Effective Date pursuant to this Section 9.05A(ii)
plus all other Discretionary Uses made after the Effective Date may not exceed the
Discretionary Amount (subject to the final sentence of the definition of Discretionary
Uses).

9.05B TL Advances; Investments; Loans Covenant. No Borrower will nor will
permit any of its Subsidiaries to make any Investment, except that the following shall be
permitted:

(ii) Common Permitted Investments; and

(ii) so long as no Default or Event of Default then exists or would result therefrom,
Exide U.S. and its Subsidiaries may make additional Investments not otherwise permitted by
this Section 9.05B in an aggregate amount not to exceed $30,000,000 (determined without
regard to any write-downs or write-offs thereof).

9.06 Restricted Payments; etc. It is understood and agreed by the parties hereto that
(x) the covenant contained in Section 9.06A below is for the benefit of the ABL Lenders and may be
amended, modified or waived as contemplated by Section 13.12(a)(A) in their sole discretion;
provided that if a Revolver Event of Default occurs as the result of a violation of Section 9.06A
(unless and until the respective Revolver Event of Default is cured or waived by the ABL Lenders in
accordance with Section 13.12(a)) such violation may give rise to an Event of Default generally
(thereby also permitting an exercise of remedies pursuant to clause (y) of the remedies provision
following Section 10.13 of this Agreement), and (y) the covenant contained in Section 9.06B below
is for the benefit of the TL Lenders and may be amended, modified or waived as contemplated by
Section 13.12(a)(B) in their sole discretion; provided that if a TL Event of Default occurs as the
result of a violation of Section 9.06B (unless and until the respective TL Event of Default is
cured or waived by the TL Lenders in accordance with Section 13.12(a)) such violation may give rise
to an Event of Default generally (thereby also permitting an exercise of remedies pursuant to
clause (x) of the remedies provision following Section 10.13 of this Agreement).

9.06A ABL Restricted Payments; etc. Covenant. No Borrower will, nor will
permit any of its Subsidiaries to, declare or pay any dividends (other than dividends payable
solely in non-redeemable common stock or comparable common equity interests of Exide U.S. or any
such Subsidiary, as the case may be) or return any equity capital to, its stockholders, partners,
members or other equity holders or authorize or make any other distribution, payment or delivery of
property or cash (other than reasonable and customary professional fees and expenses, and
indemnification claims, of directors and/or officers of Exide U.S. paid by Exide U.S.) to its
stockholders, partners, members or other equity holders as such, or redeem, retire, purchase or
otherwise acquire, directly or indirectly, for a consideration, any shares of any class of its
capital stock or other Equity Interests, now or hereafter outstanding (or any warrants for or
options or stock appreciation rights in respect of any of such shares or other Equity Interests),
or set aside any funds for any of the foregoing purposes, and no Borrower will permit any of its
Subsidiaries to purchase or otherwise acquire for consideration any shares of any class of the
capital stock or other Equity Interests of Exide U.S. or any other Subsidiary, as the case may be,
now or hereafter outstanding (or any options or warrants or stock appreciation rights issued by
such Person with respect to its capital stock or other Equity Interests) (all of the foregoing
“Dividends”) or make any payments in respect of any outstanding Shareholder Subordinated
Notes or Intercompany Debt, except that the following shall be permitted:

(i) Common Restricted Payments; and

(ii) so long as no Default or Event of Default then exists of would result therefrom,
Exide U.S. may pay cash Dividends; provided that if the Payment Conditions are not
satisfied both before and after giving effect to any such Dividend, the aggregate amount of
all Dividends paid after the Effective Date pursuant to this Section 9.06A(ii) plus
all other Discretionary Uses made after the Effective Date may not exceed the Discretionary
Amount (subject to the final sentence of the definition of Discretionary Uses).

9.06B TL Restricted Payments; etc. Covenant. No Borrower will, nor will
permit any of its Subsidiaries to, declare or pay any Dividends or make any payments in respect of
any outstanding Shareholder Subordinated Notes or Intercompany Debt, except that Common Restricted
Payments shall be permitted.

9.07 Transactions with Affiliates. No Borrower will, nor will it permit any of its
Subsidiaries to, enter into any transaction or series of transactions with any Affiliate of Exide
U.S. or any of its Subsidiaries other than in the ordinary course of business and on terms and
conditions substantially as favorable to such Borrower or such Subsidiary as would be reasonably
expected to be obtainable by such Borrower or such Subsidiary at the time in a comparable
arm’s-length transaction with a Person other than an Affiliate; provided that the following
shall in any event be permitted: (i) the Transaction; (ii) intercompany transactions among Exide
U.S. and its Subsidiaries to the extent expressly permitted by Sections 9.02, 9.04A, 9.04B, 9.05A,
9.05B, 9.06A and 9.06B; (iii) the payment of consulting or other fees to Exide U.S. by any of its
Subsidiaries in the ordinary course of business; (iv) customary fees to non-officer directors of
Exide U.S. and its Subsidiaries; (v) Exide U.S. and its Subsidiaries may enter into employment and
severance arrangements with respect to the procurement of services with their respective officers
and employees in the ordinary course of business; (vi) Dividends may be paid by Exide U.S. to the
extent permitted by Sections 9.06A and 9.06B, as applicable; (vii) the payment of customary fees
(excluding management fees) to the Agents and their Affiliates for services rendered (including,
without limitation, any underwriting discounts and commissions); and (viii) transactions between
Exide U.S. and/or any of its Subsidiaries and their respective Affiliates listed on Schedule 9.07
hereto. In no event shall any management, consulting or similar fee be paid or payable by Exide
U.S. or any of its Subsidiaries to any Affiliate (other than Exide U.S. or any other Credit Party),
except as specifically provided in this Section 9.07.

9.08 Fixed Charge Coverage Ratio. During each Compliance Period during which
Revolving Loans are outstanding, Exide U.S. shall not permit (i) the Fixed Charge Coverage Ratio
for the last Test Period ended prior to the beginning of such Compliance Period for which financial
statements are available to be less than 1.00:1.00, (ii) the Fixed Charge Coverage Ratio for any
Test Period for which financial statements first become available during such Compliance Period to
be less than 1.00:1.00 or (iii) the Fixed Charge Coverage Ratio for any Test Period ending during
such Compliance Period to be less than 1.00:1.00. Within three Business Days after the beginning
of a Compliance Period (or if the deadline for delivery of the financial statements for such Fiscal
Quarter in accordance with Section 8.01(b) has not expired, within three Business Days of such
deadline), Exide U.S. shall provide to Administrative Agent a compliance certificate (whether or
not a Compliance Period is in effect on the date such compliance certificate is required to be
delivered) calculating the Fixed Charge Coverage Ratio for the Test Period ended immediately prior
to the beginning of such Compliance Period based on the most recent financial statements delivered
pursuant to Section 8.01(b) and (c). It being understood and agreed that the covenant contained in
this Section 9.08 is for the benefit of the ABL Lenders and may be amended, modified or waived by
them as contemplated by Section 13.12(a)(A) in their sole discretion; provided that if a Revolver
Event of Default occurs as a result of the violation of this Section 9.08 (unless and until the
respective Revolver Event of Default is cured or waived by the ABL Lenders in accordance with
Section 13.12(a)), such violation may give rise to an Event of Default generally (thereby also
permitting an exercise of remedies pursuant to clause (y) of the remedies provision following
Section 10.13 of this Agreement, following the lapse of time provided in the proviso to Section
10.03).

9.09 Capital Expenditures. (a) No Borrower will, nor will permit any of its
Subsidiaries to, make any Capital Expenditures, except that during any Fiscal Year of Exide U.S.
set forth below (taken as one accounting period), Exide U.S. and its Subsidiaries may make Capital
Expenditures so long as the aggregate amount of such Capital Expenditures does not exceed the
amount set forth below opposite such Fiscal Year below:

	 	 	 	 	 
	Fiscal Year	 	Amount
	Fiscal Year 2008

	 	$	100,000,000	 
	 
	 	 	 	 
	Fiscal Year 2009

	 	$	100,000,000	 
	 
	 	 	 	 
	Fiscal Year 2010

	 	$	100,000,000	 
	 
	 	 	 	 
	Fiscal Year 2011

	 	$	100,000,000	 
	 
	 	 	 	 
	Fiscal Year 2012

	 	$	100,000,000	 
	 
	 	 	 	 
	Fiscal Year 2013

	 	$	100,000,000	 

(b) Notwithstanding the foregoing, in the event that the amount of Capital Expenditures
permitted to be made by Exide U.S. and its Subsidiaries pursuant to clause (a) above in any Fiscal
Year of Exide U.S. (beginning with Fiscal Year 2008) (before giving effect to any increase in such
permitted Capital Expenditure amount pursuant to this clause (b)) is greater than the amount of
Capital Expenditures actually made by Exide U.S. and its Subsidiaries during such Fiscal Year (but
excluding Capital Expenditures made pursuant to following clauses (c), (d), (e) and (f)), the
lesser of (x) such excess and (y) $25,000,000, may be carried forward and utilized to make Capital
Expenditures in the immediately succeeding Fiscal Year, provided that no amounts once
carried forward pursuant to this Section 9.09(b) may be carried forward to any subsequent Fiscal
Year of Exide U.S. thereafter and such amounts may only be utilized after Exide U.S. and its
Subsidiaries have utilized in full the permitted Capital Expenditure amount for such period as set
forth in the table in clause (a) above (without giving effect to any increase in such amount
pursuant to this clause (b)).

(c) In addition to the foregoing, Exide U.S. and its Subsidiaries may make additional Capital
Expenditures (which Capital Expenditures will not be included in any determination under Section
9.09(a)) with the Net Sale Proceeds of Asset Sales to the extent such Net Sale Proceeds do not
require, or result in, a mandatory repayment of Loans pursuant to Section 4.02(c) and such proceeds
are reinvested within 360 days (subject to a six month extension for contractual commitments that
are not completed during such 360-day period) following the date of such Asset Sale in accordance
with the requirements of said Section.

(d) In addition to the foregoing, Exide U.S. and its Subsidiaries may make additional Capital
Expenditures (which Capital Expenditures will not be included in any determination under Section
9.09(a)) with the insurance proceeds received by Exide U.S. or any of its Subsidiaries from any
Recovery Event so long as such Capital Expenditures are to replace or restore any properties or
assets in respect of which such proceeds were paid within 360 days (subject to a six month
extension for contractual commitments that are not completed during such 360-day period) following
the date of the receipt of such insurance proceeds, in each case to the extent such insurance
proceeds do not require, or result in, a mandatory repayment of Loans pursuant to Section 4.02(d).

(e) In addition to the foregoing, the Borrowers and the Subsidiary Guarantors may make
additional Capital Expenditures (which Capital Expenditures will not be included in any
determination under Section 9.09(a)) constituting Permitted Acquisitions effected in accordance
with the requirements of Section 8.14.

(f) In addition to the foregoing, Exide U.S. and its Subsidiaries may make additional Capital
Expenditures (which Capital Expenditures will not be included in any determination under Section
9.09(a)) to purchase assets leased by Exide U.S. and its Subsidiaries immediately prior to the
respective purchase, in each case, pursuant to operating leases entered into by Exide U.S. and its
Subsidiaries prior to January 1, 1999 in an aggregate amount not to exceed $20,000,000.

9.10 Limitation on Voluntary Payments and Modifications of Indebtedness; Modifications of
Certificate of Incorporation, By-Laws and Certain Other Agreements; Issuances of Capital Stock;
etc. It is understood and agreed by the parties hereto that (x) the covenant contained in
Section 9.10A below is for the benefit of the ABL Lenders and may be amended, modified or waived as
contemplated by Section 13.12(a)(A) in their sole discretion; provided that if a Revolver Event of
Default occurs as the result of a violation of Section 9.10A (unless and until the respective
Revolver Event of Default is cured or waived by the ABL Lenders in accordance with Section
13.12(a)) such violation may give rise to an Event of Default generally (thereby also permitting an
exercise of remedies pursuant to clause (y) of the remedies provision following Section 10.13 of
this Agreement), and (y) the covenant contained in Section 9.10B below is for the benefit of the
TL Lenders and may be amended, modified or waived as contemplated by Section 13.12(a)(B) in their
sole discretion; provided that if a TL Event of Default occurs as the result of a violation of
Section 9.10B (unless and until the respective TL Event of Default is cured or waived by the TL
Lenders in accordance with Section 13.12(a)) such violation may give rise to an Event of Default
generally (thereby also permitting an exercise of remedies pursuant to clause (x) of the remedies
provision following Section 10.13 of this Agreement).

9.10A ABL Limitation on Voluntary Payments and Modifications of Indebtedness;
Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; Issuances of
Capital Stock; etc. Covenant. No Borrower will, nor will permit any of its Subsidiaries to,
take any Common Restricted Action; provided that Exide U.S. and its Subsidiaries may make
(or give any notice in respect of) any voluntary or optional payment or prepayment on or
redemption, repurchase or acquisition for value of (including, without limitation, by way of
depositing with the trustee with respect thereto or any other Person money or securities before due
for the purpose of paying when due), or any prepayment, repurchase, redemption or acquisition for
value as a result of any asset sale, change of control or similar event of any Third Party
Scheduled Existing Indebtedness or Existing Notes, or, after the incurrence or issuance thereof,
any Permitted Refinancing Indebtedness, Shareholder Subordinated Notes or Permitted Acquired Debt;
provided that if the Payment Conditions are not satisfied both before and after giving
effect to any such payment, prepayment, redemption, repurchase or acquisition for value, the
aggregate amount of all payments, prepayments, redemptions, repurchases or acquisitions for value
made after the Effective Date pursuant to this Section 9.10A plus all other Discretionary
Uses made after the Effective Date may not exceed the Discretionary Amount (subject to the final
sentence of the definition of Discretionary Uses).

9.10B TL Limitation on Voluntary Payments and Modifications of Indebtedness; Modifications
of Certificate of Incorporation, By-Laws and Certain Other Agreements; Issuances of Capital Stock;
etc. Covenant. No Borrower will, nor will permit any of its Subsidiaries to, take any Common
Restricted Action; provided that so long as no Default or Event of Default has occurred and
is continuing or would result therefrom, Exide U.S. and its Subsidiaries may make (or give any
notice in respect of) any voluntary or optional payment or prepayment on or redemption, repurchase
or acquisition for value of (including, without limitation, by way of depositing with the trustee
with respect thereto or any other Person money or securities before due for the purpose of paying
when due) of any Third Party Scheduled Existing Indebtedness or Permitted Acquired Debt, in an
aggregate amount for all such prepayments, repurchases, redemptions or acquisitions for value made
pursuant to this Section 9.10B of not greater than $20,000,000.

9.11 Limitation on Issuance of Equity Interests. (a)  Exide U.S. will not issue (i)
any Preferred Equity (or any options, warrants or rights to purchase Preferred Equity) (other than
Qualified Preferred Stock issued pursuant to clause (c) below) or (ii) any redeemable common stock
or equivalent common Equity Interests.

(b) Exide U.S. shall not permit any of its Subsidiaries to issue any capital stock or other
Equity Interests (including by way of sales of treasury stock), except (i) for transfers and
replacements of then outstanding shares of capital stock or other Equity Interests, (ii) for stock
splits, stock dividends and additional issuances which do not decrease the aggregate percentage
ownership of Exide U.S. and its Subsidiaries in any class of the capital stock or other Equity
Interests of such Subsidiaries, (iii) in the case of Foreign Subsidiaries of Exide U.S., to qualify
directors to the extent required by applicable law, (iv) Subsidiaries formed after the Effective
Date pursuant to Section 9.13 may issue capital stock or other Equity Interests in accordance with
the requirements of Section 9.13 and (v) issuances of Equity Interests (including Preferred Equity)
by any Wholly-Owned Subsidiary of Exide U.S. to one or more other Wholly-Owned Subsidiaries of
Exide U.S. All capital stock or other Equity Interests issued in accordance with this Section
9.11(b) shall, to the extent required by the relevant Security Document, be delivered to the
Collateral Agent for pledge pursuant to such Security Document.

(c) Exide U.S. may issue Qualified Preferred Stock so long as (x) no Default or Event of
Default shall exist at the time of any such issuance or immediately after giving effect thereto,
and (y) with respect to each issue of Qualified Preferred Stock, the gross cash proceeds therefrom
(or in the case of Qualified Preferred Stock directly issued as consideration for a Permitted
Acquisition, the Fair Market Value thereof of the assets received therefor) shall be at least equal
to 100% of the liquidation preference thereof at the time of issuance.

9.12 Limitation on Certain Restrictions on Subsidiaries. No Borrower will, nor will
permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to
exist or become effective, any consensual encumbrance or restriction on the ability of any such
Subsidiary to (x) pay dividends or make any other distributions on its capital stock or any other
Equity Interests or participation in its profits owned by Exide U.S. or any Subsidiary of Exide
U.S., or pay any Indebtedness owed to Exide U.S. or a Subsidiary of Exide U.S., (y) make loans or
advances to Exide U.S. or any Subsidiary of Exide U.S. or (z) transfer any of its properties or
assets to Exide U.S. or any of its Subsidiaries, except for such encumbrances or restrictions
existing under or by reason of (i) applicable law, (ii) this Agreement and the other Credit
Documents, (iii) customary provisions restricting subletting or assignment of any lease governing a
leasehold interest of Exide U.S. or a Subsidiary of Exide U.S., (iv) customary provisions
restricting assignment of any licensing agreement (in which Exide U.S. or any of its Subsidiaries
is the licensee) or any other contract entered into by Exide U.S. or any Subsidiary of Exide U.S.
in the ordinary course of business, (v) any agreement or instrument governing Permitted Acquired
Debt, which encumbrance or restriction is not applicable to any Person or the properties or assets
of any Person, other than the Person or the properties or assets of the Person acquired pursuant to
the respective Permitted Acquisition and so long as the respective encumbrances or restrictions
were not created (or made more restrictive) in connection with or in anticipation of the respective
Permitted Acquisition, (vi) restrictions applicable to any Non-Wholly Owned Subsidiary existing at
the time of the acquisition thereof as a result of an Investment pursuant to Section 9.05A or
9.06B, as applicable, or a Permitted Acquisition effected in accordance with Section 8.15
(provided that the restrictions applicable to such joint venture are not made more
burdensome, from the perspective of Exide U.S. and its Subsidiaries, than those as in effect
immediately before giving effect to the consummation of the respective Investment or Permitted
Acquisition), (vii) any customary restriction or encumbrance with respect to assets subject to
Liens permitted by this Agreement, (viii) the restrictions contained in the Existing Notes
Documents and any Permitted Refinancing Indebtedness incurred in respect thereof (and in accordance
with the definition thereof contained herein) and (ix) customary restrictions (applicable to the
respective obligors) with respect to Indebtedness incurred pursuant to clauses (vi), (viii) and
(xviii) of Section 9.04A or clauses (9), (10), (13) and (14) of the definition of Permitted
Indebtedness as used in Section 9.04B, as applicable.

9.13 Limitation on the Creation of Subsidiaries and Joint Ventures. (a)  Except as
otherwise specifically provided in immediately succeeding clause (b), Exide U.S. will not, and will
not permit any of its Subsidiaries to, establish, create or acquire after the Initial Borrowing
Date any Subsidiary, provided that Exide U.S. and its Wholly-Owned Subsidiaries shall be
permitted to establish or create Wholly-Owned Subsidiaries so long as (A) at least 15 Business
Days’ (or such lesser period as is acceptable to the Administrative Agent in any given case) prior
written notice thereof is given to the Administrative Agent, (B) subject to Section 8.11(d), the
Equity Interests of each such new Wholly-Owned Subsidiary are pledged pursuant to, and to the
extent required by, the applicable Pledge Agreements and/or Foreign Security Agreements (in a
manner consistent with the Guarantee and Security Principles) and, if such Equity Interests
constitute certificated Equity Interests, the certificates representing such Equity Interests,
together with stock or other powers duly executed in blank, are delivered to the Collateral Agent
for the benefit of the applicable Secured Creditors, and (C) such Wholly-Owned Subsidiary complies
with the applicable requirements of Section 8.11 (and in a manner consistent with the Guarantee and
Security Principles); provided that in the case of a newly-formed Wholly-Owned Subsidiary
of Exide U.S. organized in a Qualified Foreign Jurisdiction, the actions described in clause (C)
applicable to such Wholly-Owned Subsidiary, shall not be required to be taken by such Wholly-Owned
Subsidiary if the gross book value of its assets (determined as of the last day of the calendar
month then last ended) is less than $1,000,000, until (and only until) the aggregate gross book
value of all Wholly-Owned Subsidiaries which have not taken the actions described in clause (C)
applicable to such Wholly-Owned Subsidiaries in reliance on this proviso (determined as of the last
day of the calendar month then last ended) exceeds $1,000,000, at which time all such excluded
Wholly-Owned Subsidiaries (and not just those Wholly-Owned Subsidiaries required to reduce the
aggregate gross book value of such excluded Wholly-Owned Subsidiaries to below $1,000,000) shall
take the actions described in clause (C) applicable to such Wholly-Owned Subsidiaries.

(b) In addition to Subsidiaries of Exide U.S. created pursuant to preceding clause (a), Exide
U.S. and its Subsidiaries may establish, acquire or create, and make Investments in, Non-Wholly
Owned Subsidiaries after the Initial Borrowing Date as a result of Permitted Acquisitions (subject
to the limitations contained in the definition thereof) and Investments expressly permitted to be
made pursuant to Section 9.05A or 9.06B, as applicable, provided that, in a manner
consistent with the Guarantee and Security Principles, (x) all Equity Interests of each such
Non-Wholly Owned Subsidiary shall be pledged by any Credit Party which owns same to the extent
required by the Pledge Agreements or relevant Foreign Security Agreements, and (y) any actions
required to be taken pursuant to Section 8.11 in connection with the establishment of, or
Investments in, the respective Subsidiaries are taken in accordance with the requirements of said
Section 8.11.

9.14 Designated Senior Debt. Exide U.S. shall not designate any Indebtedness (other
than the Obligations) as “Designated Senior Indebtedness” (or any comparable term) for
purposes of the Senior Subordinated Convertible Notes Documents governing such Senior Subordinated
Convertible Notes or the documents and agreements governing any Permitted Refinancing Indebtedness
used to refinance the Senior Subordinated Notes.

9.15 No Additional Deposit Accounts; etc. Exide U.S. will not, and will not permit
any of its Domestic Subsidiaries, the European Borrower or any Foreign Borrowing Base ABL
Subsidiary Guarantor, directly or indirectly, open, maintain or otherwise have any checking,
savings, deposit, securities or other accounts at any bank or other financial institution where
cash or Cash Equivalents are or may be deposited or maintained with any Person, other than (i) the
Core U.S. Concentration Account, (ii) the Core Foreign Concentration Account, (iii) the Collection
Accounts set forth on Part A of Schedule 9.15, (iv) the Disbursement Accounts set forth on Part B
of Schedule 9.15 and (v) the Exempted Disbursement Accounts and Exempted Deposit Accounts listed on
Part C of Schedule 9.15 in which only Restricted cash and Cash Equivalents may be deposited and/or
maintained as described in said Part C; provided that Exide U.S., any of its Domestic
Subsidiaries, any Foreign ABL Credit Party or any Wholly-Owned Subsidiary organized under the laws
of a Qualified ABL Jurisdiction may open a new Collection Account, Disbursement Account, Core U.S.
Concentration Account or Core Foreign Concentration Account not set forth in such Schedule 9.15, so
long as prior to opening any such account (i) Exide U.S. has delivered an updated Schedule 9.15 to
the Administrative Agent listing such new account and (ii) except with respect to (x) a Deposit
Account that is an Exempted Deposit Account and (y) a Disbursement Account that is an Exempted
Disbursement Account, the financial institution with which such account is opened, together with
Exide U.S. or its respective Subsidiary which has opened such account and the Collateral Agent have
executed and delivered to the Administrative Agent a Cash Management Control Agreement; provided
further, that at no time may the aggregate amount of cash and Cash Equivalents on deposit in all
Exempted Disbursement Accounts exceed $2,500,000 (or the U.S. Dollar Equivalent thereof).

SECTION 10. Events of Default; Remedies. Upon the occurrence of any of the following
specified events (each, an “Event of Default”):

10.01 Payments. Any Borrower shall (i) default in the payment when due of any
principal of any Loan or Note, (ii) default, and such default shall continue for 3 or more Business
Days, in the payment when due of any Unpaid Drawing, any interest on any Loan or Note or any Fees
or (iii) default, and such default shall continue for 10 or more Business Days after notice to such
Borrower by the Administrative Agent or any Lender, in the payment when due of any other amounts
owing hereunder or under any other Credit Document; or

10.02 Representations, etc. Any representation, warranty or statement made or deemed
made by any Credit Party herein or in any other Credit Document or in any statement or certificate
delivered pursuant hereto or thereto shall prove to be untrue in any material respect on the date
as of which made or deemed made; or

10.03 Covenants. Exide U.S. or any of its Subsidiaries shall (a) default in the due
performance or observance by it of any term, covenant or agreement contained in Section 8.01(f)(i),
8.01(n), 8.10, 8.11, 8.12, 8.14A, 8.14B, or 9 (other than Sections 9.02(xvii) and 9.04A(xviii)) or
(b) default in the due performance or observance by it of any term, covenant or agreement contained
in this Agreement (other than those referred to in Section 10.01, 10.02 or clause (a) of this
Section 10.03) and such default shall continue unremedied for a period of at least 15 days after
notice to the defaulting party by the Administrative Agent or any Lender; provided that any
Revolver Event of Default arising solely as a result of a default in the due performance or
observance by Exide U.S. of the covenant contained in Section 9.08 shall not constitute an Event of
Default with respect to the Term Loans until the earlier of (x) the date that is 30 days after the
date such Revolver Event of Default arises and (y) the date on which the Administrative Agent, the
Collateral Agent or the ABL Required Lenders exercise any remedies with respect to the ABL
Obligations in accordance with clause (x) of the remedies paragraph immediately following
Section 10.13; and provided, further that any Revolver Event of Default may
be waived, amended or otherwise modified from time to time by the ABL Required Lenders pursuant to
Section 13.12(a); or

10.04 Default Under Other Agreements. (a)  Exide U.S. or any of its Subsidiaries
shall (i) default in any payment with respect to any Indebtedness (other than the Obligations)
beyond the period of grace, if any, provided in the instrument or agreement under which such
Indebtedness was created or (ii) default in the observance or performance of any agreement or
condition relating to any such Indebtedness or contained in any instrument or agreement evidencing,
securing or relating thereto, or any other event shall occur or condition exist, the effect of
which default or other event or condition is to cause, or to permit the holder or holders of such
Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined
without regard to whether any notice is required), any such Indebtedness to become due prior to its
stated maturity; or (b) any Indebtedness (other than the Obligations) of Exide U.S. or any of its
Subsidiaries shall be declared to be (or shall become) due and payable, or shall be required to be
prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity
thereof; provided that it shall not constitute an Event of Default pursuant to clause (a)
or (b) of this Section 10.04 unless the principal amount of any one issue of such Indebtedness, or
the aggregate amount of all such Indebtedness referred to in clauses (a) and (b) above, equals or
exceeds $15,000,000; or

10.05 Bankruptcy, etc. Exide U.S. or any of its Subsidiaries shall commence a
voluntary case concerning itself under Title 11 of the United States Code entitled
“Bankruptcy”, as now or hereafter in effect, or any successor thereto (the “Bankruptcy
Code”); or an involuntary case is commenced against Exide U.S. or any of its Subsidiaries and
the petition is not controverted within 10 days, or is not dismissed within 60 days, after
commencement of the case; or a custodian (as defined in the Bankruptcy Code) is appointed for, or
takes charge of, all or substantially all of the property of Exide U.S. or any of its Subsidiaries;
or Exide U.S. or any of its Subsidiaries commences any other proceeding under any reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or
similar law of any jurisdiction (excluding any solvent dissolution, liquidation or reorganization
otherwise permitted under this Agreement), whether now or hereafter in effect relating to the U.S.
Borrower or any of its Subsidiaries; or there is commenced against the U.S. Borrower or any of its
Subsidiaries any such proceeding which remains undismissed for a period of 60 days; or the U.S.
Borrower or any of its Subsidiaries is adjudicated insolvent or bankrupt; or any order of relief or
other order approving any such case or proceeding is entered; or the U.S. Borrower or any of its
Subsidiaries suffers any appointment of any custodian or the like for it or any substantial part of
its property to continue undischarged or unstayed for a period of 60 days; or the U.S. Borrower or
any of its Subsidiaries makes a general assignment for the benefit of creditors; or any Company
action is taken by Exide U.S. or any of its Subsidiaries for the purpose of effecting any of the
foregoing; or

10.06 ERISA. (a)  (1) Any Plan shall fail to satisfy the minimum funding standard
required for any plan year or part thereof under Section 412 of the Code or Section 302 of ERISA or
a waiver of such standard or extension of any amortization period is sought or granted under
Section 412 of the Code or Section 303 or 304 of ERISA, (2) a Reportable Event shall have occurred,
(3)  a contributing sponsor (as defined in Section 4001(a)(13) of ERISA) of a Plan subject to Title
IV of ERISA shall be subject to the advance reporting requirement of PBGC Regulation Section
4043.61 (without regard to subparagraph (b)(1) thereof) and an event described in subsection .62,
        .63, .64, .65, .66, .67 or .68 of PBGC Regulation Section 4043 shall be reasonably expected to
occur with respect to such Plan within the following 30 days which will result in a Material
Adverse Effect, (4) any Plan which is subject to Title IV of ERISA shall have had or will have a
trustee appointed to administer such Plan pursuant to Section 4042(b) of ERISA, (5) any Plan or
Multiemployer Plan which is subject to Title IV of ERISA is, shall have been or will be
involuntarily terminated or to be the subject of termination proceedings under ERISA or any Plan
subject to Title IV of ERISA shall have an Unfunded Current Liability, (6) a contribution required
to be made with respect to a Plan subject to Title IV of ERISA or Multiemployer Plan or a Foreign
Pension Plan has not been made within 60 days of when due, (7) Exide U.S. or any Subsidiary of
Exide U.S. or any ERISA Affiliate has incurred or will incur any liability to or on account of a
Plan subject to Title IV of ERISA or Multiemployer Plan under Section 409, 502(i), 502(l), 515,
4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or Section 401(a)(29), 4971 or 4975 of the Code
or on account of a group health plan (as defined in Section 607(1) of ERISA or Section 4980B(g)(2)
of the Code) under Section 4980B of the Code, (8) Exide U.S. or any Subsidiary of Exide U.S. has
incurred or will incur liabilities pursuant to one or more group health plans (as defined in
Section 5000(b)(1) of the Code) that provide benefits to retired employees or other former
employees (other than as required by Section 601 of ERISA), (9) a “default” within the meaning of
Section 4219(c)(5) of ERISA, shall occur with respect to any Multiemployer Plan or (10) Exide U.S.
or any Subsidiary of Exide U.S. has incurred or will incur liabilities not otherwise described in
this Section 10.06 pursuant to one or more Plans or Foreign Pension Plans; (b) there shall result
from any such event or events described above in this Section 10.06 the imposition of a lien, the
granting of a security interest, or a liability or a material risk of incurring a liability
resulting from any event described in clause (a) above; and (c) such lien, security interest or
liability, individually and/or in the aggregate, in the reasonable opinion of the ABL Required
Lenders or the TL Required Lenders, as the case may be, has had, or could reasonably be expected to
have, a Material Adverse Effect; provided that notwithstanding the foregoing, the funding
waivers for the years and amounts set forth on Schedule 7.11 and the amount of Unfunded Current
Liability set forth on Schedule 7.11 shall not constitute an Event of Default under this Section
10.06; provided further, an Event of Default shall occur if any Plan subject to
Title IV of ERISA shall have an Unfunded Current Liability, which when added to the aggregate
amount of Unfunded Current Liabilities with respect to all other Plans, exceeds the aggregate
amount of the Unfunded Current Liabilities that existed on the Initial Borrowing Date by an amount
that could reasonably be expected to have a Material Adverse Effect; or

10.07 Security Documents. (a)  Any Security Document shall cease to be in full force
and effect (except in accordance with the terms thereof), or shall cease to give the Collateral
Agent for the benefit of the respective Secured Creditors the Liens, rights, powers and privileges
purported to be created thereby (including, without limitation, a perfected security interest in,
and Lien on, all of the Collateral (other than immaterial portions thereof) wherein perfection of a
security interest is required hereunder or under the relevant Security Document), in favor of the
Collateral Agent, superior to and prior to the rights of all third Persons (except as permitted by
Sections 9.03A and 9.03B), and subject to no other Liens (except as permitted by Sections 9.03A and
9.03B), or (b) any Credit Party shall default in the due performance or observance of any term,
covenant or agreement on its part to be performed or observed pursuant to any such Security
Document and such default shall continue beyond any cure or grace period specifically applicable
thereto pursuant to the terms of any such Security Document; or

10.08 Guaranties. Any Guaranty or any provision thereof shall cease to be in full
force or effect (except in accordance with the terms thereof) as to the relevant Guarantor, or any
Guarantor or Person acting by or on behalf of such Guarantor shall deny or disaffirm such
Guarantor’s obligations under the relevant Guaranty, or any Guarantor shall default in the due
performance or observance of any term, covenant or agreement on its part to be performed or
observed pursuant to its Guaranty; or

10.09 Judgments. One or more judgments or decrees shall be entered against Exide U.S.
or any of its Subsidiaries involving a liability (to the extent not paid or covered by a reputable
and solvent insurance company (with any portion of any judgment or decree not so covered to be
included in any determination hereunder)) equal to or in excess of $15,000,000 for all such
judgments and decrees and all such judgments or decrees shall either be final and non-appealable or
shall not have been vacated, discharged or stayed or bonded pending appeal for any period of 60
consecutive days; or

10.10 Ownership(a) . A Change of Control shall have occurred; or

10.11 Denial of Liability. (a)  Any Borrower shall deny its obligations under this
Agreement, any Note or any other Credit Document, (b) any law, rule or regulation shall purport to
render invalid, or preclude enforcement of, any material provision of this Agreement or any other
Credit Document or impair performance of any Foreign Credit Party’s obligations hereunder or under
any other Credit Document or (c) any dominant authority asserting or exercising de jure or de facto
governmental or police powers shall, by moratorium laws or otherwise, cancel, suspend or defer the
obligation of any Foreign Credit Party to pay any amount required to be paid hereunder or under any
other Credit Document; or

10.12 Governmental Action. Any governmental authority shall have condemned,
nationalized, seized, or otherwise expropriated all or any substantial part of the property, shares
of capital stock or other assets of any Foreign Credit Party or any of its Subsidiaries, or shall
have assumed custody or control of such property or other assets or of the business or operations
of any Foreign Credit Party or any of its Subsidiaries, or shall have taken any action for the
dissolution or disestablishment of any Foreign Credit Party or any of its Subsidiaries or any
action that would prevent any Foreign Credit Party, any of its Subsidiaries or any of their
respective officers from carrying on the business of such Foreign Credit Party or such Subsidiary
or a substantial part thereof; or

10.13 Existing Intercreditor Agreement. The Existing Intercreditor Agreement or any
provision thereof shall cease to be in full force and effect (or this Agreement shall for any
reason not constitute the “First-Lien Credit Agreement” referred to therein), or any Lien securing
or purporting to secure Indebtedness or other obligations owing under any Senior Secured Notes
Documents (or any Permitted Refinancing Indebtedness incurred in respect thereof shall, for any
reason, cease to be subordinated to the Liens created under the Security Documents securing the
obligations described therein (including, without limitation, the Obligations under this
Agreement));

then, and in any such event, and at any time thereafter, (x) if any Revolver Event of Default
(whether or not such Revolver Event of Default has become an Event of Default with respect to the
Term Loans as contemplated by the proviso to Section 10.03) or any other Event of Default shall
then be continuing (other than any TL Event of Default that has been waived by the TL Required
Lenders pursuant to Section 13.12(a) prior to the exercise of any remedies pursuant to this clause
(x) by the Administrative Agent, the Collateral Agent or the ABL Required Lenders with respect to
the ABL Obligations as a result thereof), the Administrative Agent shall, upon the written request
of the ABL Required Lenders, by written notice to Exide U.S., take any or all of the following
actions, without prejudice to the rights of any Agent or any Lender to enforce its claims against
any Credit Party (provided that if an Event of Default specified in Section 10.05 shall
occur with respect to any Borrower, the result which would occur upon the giving of written notice
by the Administrative Agent as specified in clauses (i) and (ii) below shall occur automatically
without the giving of any such notice): (i) declare the Total Revolving Loan Commitment
terminated, whereupon the Revolving Loan Commitment of each Lender shall forthwith terminate
immediately and any ABL Unused Fees and any other Fees shall forthwith become due and payable
without any other notice of any kind; (ii) declare the principal of and any accrued interest in
respect of all Revolving Loans and all ABL Obligations owing hereunder (including Unpaid Drawings)
to be, whereupon the same shall become, forthwith due and payable without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by the Borrowers; (iii)
enforce, as Collateral Agent (or direct the Collateral Agent to enforce), any or all of the Liens
and security interests created pursuant to the Security Documents securing ABL Obligations; (iv)
terminate any Letter of Credit which may be terminated in accordance with its terms; (v) direct the
European Borrower to pay (and the European Borrower agrees that upon receipt of such notice, or
upon the occurrence of an Event of Default specified in Section 10.05 with respect to any Borrower,
it will pay) to the Administrative Agent at the Payment Office such additional amount of cash (in
the respective currencies in which such Letters of Credit are denominated), to be held as security
by the Administrative Agent, as is equal to the sum of the aggregate Stated Amount of all European
Borrower Letters of Credit issued for the account of the European Borrower and then outstanding;
(vi) direct Exide U.S. to pay (and Exide U.S. agrees that upon receipt of such notice, or upon the
occurrence of an Event of Default specified in Section 10.05 with respect to any Borrower, it will
pay) to the Administrative Agent at the Payment Office such additional amount of cash (in the
respective currencies in which such Letters of Credit are denominated), to be held as security by
the Administrative Agent, as is equal to sum of the aggregate Stated Amount of all Exide U.S.
Borrower Letters of Credit then outstanding; and (vii) apply any cash collateral held by the
Administrative Agent as provided in Section 4.02 to the repayment of the ABL Obligations and (y) if
any TL Event of Default or other Event of Default (other than any Revolver Event of Default that
(x) has not yet, in accordance with the first proviso to Section 10.03, become an Event of Default
with respect to TL Obligations or (y) has been waived by the ABL Required Lenders pursuant to
Section 13.12(a) prior to the exercise of any remedies pursuant to this clause (y) by the
Administrative Agent, the Collateral Agent or the TL Required Lenders with respect to the TL
Obligations as a result thereof) shall then be continuing, the Administrative Agent shall, upon the
written request of the TL Required Lenders, by written notice to Exide U.S., take any or all of the
following actions, without prejudice to the rights of any Agent or any Lender to enforce its claims
against any Credit Party (provided that if an Event of Default specified in Section 10.05
shall occur with respect to any Borrower, the result which would occur upon the giving of written
notice by the Administrative Agent as specified in clauses (i) and (ii) below shall occur
automatically without the giving of any such notice): (i) declare the Total Term Loan Commitment
terminated, whereupon the Term Loan Commitment of each Lender shall forthwith terminate immediately
without any other notice of any kind; (ii) declare the principal of and any accrued interest in
respect of all Term Loans and all TL Obligations owing hereunder to be, whereupon the same shall
become, forthwith due and payable without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Borrowers; (iii) enforce, as Collateral Agent (or direct the
Collateral Agent to enforce), any or all of the Liens and security interests created pursuant to
the Security Documents securing TL Obligations; and (iv) apply any cash collateral held by the
Administrative Agent as provided in Section 4.02 to the repayment of the TL Obligations.

SECTION 11. Definitions. As used herein, the following terms shall have the meanings
herein specified unless the context otherwise requires. Defined terms in this Agreement shall
include in the singular number the plural and in the plural the singular:

“ABL Borrowers” shall have the meaning provided in the first paragraph of this
Agreement.

“ABL Credit Party” shall mean and include the U.S. ABL Borrowers, the European
Borrower and each Foreign ABL Subsidiary Guarantor, as well as any other Subsidiary of Exide U.S.
which at any time provides any guarantee or security in respect of the ABL Obligations.

“ABL Creditors” shall mean each Agent, each Issuing Lender, the Swingline Lender and
each ABL Lender.

“ABL Lender” shall mean each Lender (including, without limitation, the Fronting
Lender) which has a Revolving Loan Commitment (without giving effect to any termination of the
Total Revolving Loan Commitment if any Swingline Loans or Letters of Credit, remain outstanding) or
which has any outstanding Revolving Loans (or an L/C Participation Percentage in any then
outstanding European Borrower Letter of Credit Outstandings or U.S. Borrower Letter of Credit
Outstandings). Notwithstanding anything to the contrary contained herein, the term “ABL Lender” as
used in each Security Document shall also include the Swingline Lender.

“ABL Obligations” shall mean all obligations (including guaranty obligations) of every
nature of each ABL Credit Party from time to time owed to Agents (including former Agents), any
Issuing Lenders, the Swingline Lender, ABL Lenders or any of them (but not in their capacity as TL
Lenders hereunder), under any Credit Document, whether for principal, premium, interest (including
interest accruing after the filing of a petition in bankruptcy or a similar proceeding with respect
to such Credit Party), reimbursement of amounts drawn under (and obligations to cash collateralize)
Letters of Credit, fees, expenses (including Expenses), indemnification (including, without
limitation, pursuant to Section 13.01) or otherwise.

“ABL Permitted Liens” shall have the meaning provided in Section 9.03A.

“ABL Required Lenders” shall mean Non-Defaulting Lenders the sum of whose outstanding
Revolving Loan Commitments (or after the termination thereof, outstanding Individual RL Facility
Exposures) represent at least a majority of the sum of the Total Revolving Loan Commitment less the
Revolving Loan Commitments of all Defaulting Lenders (or after the termination thereof, the sum of
the Individual RL Facility Exposures of Non-Defaulting Lenders at such time).

“ABL/TL Intercreditor Provisions” shall have the meaning provided in Section 13.27.

“ABL Unused Fees” shall have the meaning provided in Section 3.01.

“Account” shall mean an “account” (as such term is defined in Article 9 of the UCC),
and any and all supporting obligations in respect thereof.

“Account Debtor” shall mean each Person who is obligated on an Account, chattel paper,
or a General Intangible.

“Account Party” shall mean, with respect to each Letter of Credit, the U.S. ABL
Borrowers (on a joint and several basis) or the European Borrower, as the case may be.

“Acquired Entity or Business” shall mean either (x) the assets constituting a
business, division or product line of any Person not already a Subsidiary of Exide U.S. or (y) 100%
of the Equity Interests of any such Person, which Person shall, as a result of the acquisition of
such Equity Interests, become a Wholly-Owned Subsidiary of Exide U.S. (or shall be merged with and
into Exide U.S. or a Wholly-Owned Subsidiary of Exide U.S., with Exide U.S. or such Wholly-Owned
Subsidiary being the surviving Person).

“Additional Class P4 Distribution” shall have the meaning provided in the Plan of
Reorganization.

“Additional Collateral” shall mean all property (whether real or personal) in which
security interests are granted (or have been purported to be granted) (and continue to be in effect
at the time of determination) pursuant to Sections 8.11 and/or 9.13.

“Additional Mortgage” shall have the meaning provided in Section 8.11(a).

“Additional Mortgaged Property” shall have the meaning provided in Section 8.11(a).

“Additional Security Documents” shall mean all mortgages, pledge agreements, security
agreements and other security documents entered into from time to time pursuant to Sections 8.11,
8.14A, 8.14B, and/or 9.13, as each such document may be modified, supplemented or amended from time
to time in accordance with the terms hereof and thereof.

“Adjustable Applicable Margins” shall have the meaning provided in the definition of
Applicable Margin.

“Administrative Agent” shall have the meaning provided in the first paragraph of this
Agreement and shall include any successor to the Administrative Agent appointed pursuant to Section
12.10.

“Affiliate” shall mean, with respect to any Person, any other Person directly or
indirectly controlling (including but not limited to all directors and officers of such Person),
controlled by, or under direct or indirect common control with such Person. A Person shall be
deemed to control another Person if such Person possesses, directly or indirectly, the power (i) to
vote 10% or more of the securities having ordinary voting power for the election of directors (or
equivalent governing body) of such Person or (ii) to direct or cause the direction of the
management and policies of such other Person, whether through the ownership of voting securities,
by contract or otherwise; provided, however, that neither any Agent nor any Lender
(nor any Affiliate thereof) shall be considered an Affiliate of Exide U.S. or any Subsidiary
thereof.

“Agent” shall mean the Administrative Agent and the Collateral Agent and shall include
any successor to any such Person appointed pursuant to Section 12.10.

“Agent Advance” shall have the meaning provided in Section 1.01(h).

“Agent Advance Amount” shall have the meaning provided in Section 1.01(h).

“Agent Advance Period” shall have the meaning provided in Section 1.01(h).

“Aggregate European Borrower Exposure” at any time shall mean (i) the aggregate
principal amount of all European Borrower Revolving Loans then outstanding (for this purpose, using
the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars), (ii) the aggregate amount
of all Letter of Credit Outstandings with respect to European Borrower Letters of Credit (for this
purpose, using the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars) at such time
and (iii) the aggregate principal amount of all European Borrower Swingline Loans then outstanding
(for this purpose, using the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars).

“Aggregate RL Facility Exposure” at any time shall mean the sum of (i) the aggregate
principal amount of all Revolving Loans then outstanding, (ii) the aggregate amount of all U.S.
Borrower Letter of Credit Outstandings with respect to U.S. Borrower Letters of Credit and all
European Borrower Letter of Credit Outstandings with respect to European Borrower Letters of Credit
at such time (for this purpose, in each case, using the U.S. Dollar Equivalent of amounts not
denominated in U.S. Dollars) and (iii) the aggregate principal amount of all Swingline Loans then
outstanding (for this purpose using the U.S. Dollar Equivalent of amounts not denominated in U.S.
Dollars).

“Aggregate U.S. Borrower Exposure” at any time shall mean the sum of (i) the aggregate
principal amount of all U.S. ABL Borrowers Revolving Loans then outstanding (for this purpose,
using the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars), (ii) the aggregate
amount of all Letter of Credit Outstandings with respect to U.S. Borrower Letters of Credit (for
this purpose, using the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars) at such
time and (iii) the aggregate principal amount of all U.S. ABL Borrowers Swingline Loans then
outstanding (for this purpose, using the U.S. Dollar Equivalent of amounts not denominated in U.S.
Dollars).

“Agreement” shall mean this Credit Agreement, as modified, supplemented, amended,
restated (including any amendment and restatement hereof), extended, renewed, refinanced and/or
replaced from time to time.

“Applicable Commitment Fee Percentage” shall mean, for any day, (i) in the event the
Total Unutilized Revolving Loan Commitment in effect on such day is greater than or equal to 50% of
the Total Revolving Loan Commitment as in effect on such day, 0.375%, and (ii) in the event the
Total Unutilized Revolving Loan Commitment in effect on such day is less than 50% of the Total
Revolving Loan Commitment as in effect on such day, 0.250%. For purposes of this definition, the
Total Unutilized Revolving Loan Commitment and the Total Revolving Loan Commitment as in effect on
any day shall be determined after the close of business (New York time) on such day, following
adjustments to such amounts for activity on such day.

“Applicable Currency” shall mean (i) with respect to any Loan, the Available Currency
in which such Loan was incurred and (ii) with respect to any Letter of Credit, the Available
Currency in which such Letter of Credit was denominated; provided that in the event Term
Loans maintained in Euros are converted into Term Loans maintained in U.S. Dollars under the
circumstances contemplated by Section 1.14, the Applicable Currency with respect to such Term Loans
shall be U.S. Dollars.

“Applicable Eligible Jurisdiction” shall mean (i) in the case of Eligible Accounts or
Eligible Inventory of the U.S. ABL Borrowers, the United States, (ii) in the case of Eligible
Inventory of a Specified Foreign Borrowing Base ABL Subsidiary Guarantor, Canada and (iii) in the
case of Eligible Accounts of a Foreign Borrowing Base ABL Subsidiary Guarantor, an Applicable
Foreign Jurisdiction.

“Applicable Foreign Jurisdiction” shall mean Australia, Canada, New Zealand, the
United Kingdom and each additional country as agreed by the Administrative Agent and the Collateral
Agent from time to time in their Permitted Discretion (which in any event at such time constitutes
a Qualified ABL Jurisdiction).

“Applicable Margin” initially shall mean a percentage per annum equal to (i) in the
case of U.S. Borrower Term Loans and European Borrower U.S. Dollar Term Loans maintained as (A)
Base Rate Loans, 2.25% and (B) Eurodollar Loans, 3.25%; (ii) in the case of European Borrower Euro
Term Loans, 3.50%; (iii) in the case of Revolving Loans maintained as (A) Base Rate Loans, 0.75%
and (B) Euro Rate Loans, 1.75%; and (iv) in the case of (A) U.S. Dollar Swingline Loans, 0.75% and
(B) Euro Denominated Swingline Loans, 1.75%; provided, that so long as no Event of Default
shall have occurred and be continuing, if at any time on or after January 1, 2008, Exide U.S. shall
have received both (A) a corporate rating of B- or higher (with at least a stable outlook) from S&P
and (B) a corporate family rating of B3 or higher (with at least a stable outlook) from Moody’s,
then so long as such ratings remain in effect, the Applicable Margin for Term Loans set forth in
clauses (i) and (ii) above will be reduced by 0.25%. From and after each day of delivery of any
certificate delivered in accordance with the first sentence of the following paragraph indicating
an entitlement to a different margin for any Tranche of Loans than that described in the
immediately preceding sentence (each, a “Start Date”) to and including the applicable End
Date described below, the Applicable Margins for such Tranches of Loans (hereinafter, the
“Adjustable Applicable Margins”) shall be those set forth in the tables below opposite the
Leverage Ratio indicated to have been achieved in any Quarterly Pricing Certificate:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Revolving Loan and	 	Revolving Loan and
	 	 	 	 	 	 	Swingline Loan	 	Swingline Loan
	Level	 	Leverage Ratio	 	Euro Rate Margin	 	Base Rate Margin
	1
	 	Equal to or greater
	 	 	2.00	%	 	 	1.00	%
	 
	 	than 5.5 to 1.0
	 	 	 	 	 	 	 	 
	2
	 	Equal to or greater
	 	 	1.75	%	 	 	0.75	%
	 
	 	than 3.5 to 1.0 but
	 	 	 	 	 	 	 	 
	 
	 	less than 5.5 to
	 	 	 	 	 	 	 	 
	 
	 	 	1.0	 	 	 	 	 	 	 	 	 
	3
	 	Less than 3.5 to 1.0
	 	 	1.50	%	 	 	0.50	%

The Leverage Ratio used in a determination of Adjustable Applicable Margins shall be
determined based on the delivery of a certificate of Exide U.S. (each, a “Quarterly Pricing
Certificate”) by an Authorized Officer of Exide U.S. to the Administrative Agent (with a copy
to be sent by the Administrative Agent to each Lender), within 45 days of the last day of any
Fiscal Quarter of Exide U.S., which certificate shall set forth the calculation of the Leverage
Ratio as at the last day of the Test Period ended immediately prior to the relevant Start Date (but
determined on a Pro Forma Basis solely to give effect to all Permitted Acquisitions
(if any) and all Significant Asset Sales (if any) consummated on or prior to the date of delivery
of such certificate and any Indebtedness incurred, assumed or permanently repaid in connection
therewith) and the Adjustable Applicable Margins which shall be thereafter applicable (until same
are changed or cease to apply in accordance with the following sentences); provided that at
the time of the consummation of any Permitted Acquisition or Significant Asset Sale, an Authorized
Officer of Exide U.S. shall deliver to the Administrative Agent a certificate setting forth the
calculation of the Leverage Ratio on a Pro Forma Basis (solely to give effect to
all Permitted Acquisitions, if any, and all Significant Asset Sales (if any) consummated on or
prior to the date of the delivery of such certificate and any Indebtedness incurred or assumed in
connection therewith) as of the last day of the last Calculation Period ended prior to the date on
which such Permitted Acquisition or Significant Asset Sale is consummated for which financial
statements have been made available (or were required to be made available) pursuant to Section
8.01(b) or (c), as the case may be, and the date of such consummation shall be deemed to be a Start
Date and the Adjustable Applicable Margins which shall be thereafter applicable (until same are
changed or cease to apply in accordance with the following sentences) shall be based upon the
Leverage Ratio as so calculated. The Adjustable Applicable Margins so determined shall apply,
except as set forth in the succeeding sentence, from the relevant Start Date to the earliest of (x)
the date on which the next certificate is delivered to the Administrative Agent, (y) the date on
which the next Permitted Acquisition or Significant Asset Sale is consummated or (z) the date which
is 45 days following the last day of the Test Period in which the previous Start Date occurred
(such earliest date, the “End Date”), at which time, if no certificate has been delivered
to the Administrative Agent indicating an entitlement to new Adjustable Applicable Margins (and
thus commencing a new Start Date), the Adjustable Applicable Margins shall be those set forth
opposite Level 1 in the tables above (such Adjustable Applicable Margins as so determined, the
“Highest Adjustable Applicable Margins”). Notwithstanding anything to the contrary
contained above in this definition, the Adjustable Applicable Margins shall be (x) the Highest
Adjustable Applicable Margins at all times during which there shall exist any Event of Default and
(y) the Adjustable Applicable Margins opposite Level 2 in the tables above at all times prior to
the date of delivery of the financial statements pursuant to Section 8.01(b) for the Fiscal Quarter
ended December 31, 2007.

“Applicable Prepayment Percentage” shall mean, at any time, 75%; provided
that, so long as no Default or Event of Default is then in existence, (i) if at any time the
Leverage Ratio is less than 2.00:1.00 (as set forth in an officer’s certificate delivered pursuant
to Section 8.01(e) for the Fiscal Quarter or Fiscal Year of Exide U.S. then last ended), the
Applicable Prepayment Percentage shall instead be 50% and (ii) if at any time the Leverage Ratio is
less than 1.50:1.00 (as set forth in an officer’s certificate delivered pursuant to Section 8.01(e)
for the Fiscal Quarter or Fiscal Year of the U.S. Borrower then last ended), the Applicable
Prepayment Percentage shall instead be 0%.

“Asian/Australian ABL Holdco” shall mean Exide Holding Asia PTE Limited, a company
organized under the laws of Singapore; provided that, to the extent acceptable to the
Administrative Agent in its sole discretion, Exide U.S. may designate another Wholly-Owned Foreign
Subsidiary as the Asian/Australian ABL Holdco.

“Asset Sale” shall mean any sale, transfer or other disposition by Exide U.S. or any
of its Subsidiaries to any Person other than Exide U.S. or any Wholly-Owned Subsidiary of Exide
U.S. of any asset or Property (including, without limitation, any capital stock or other securities
of, or other Equity Interests in, another Person, but excluding the sale by Exide U.S. of its own
capital stock) of Exide U.S. or such Subsidiary other than (i) sales, transfers or other
dispositions of inventory made in the ordinary course of business, (ii) any other sale, transfer or
disposition (treating any related sales, transfers or dispositions as a single sale, transfer or
disposition) that generates Net Sale Proceeds of less than $100,000 in the aggregate or (iii) sales
or liquidations of Cash Equivalents, it being understood and agreed that the grant of a Lien by
Exide U.S. or any of its Subsidiaries in favor of another Person shall not in and of itself
constitute an “Asset Sale” for purposes of this definition.

“Assignment and Assumption Agreement” shall mean the Assignment and Assumption
Agreement substantially in the form of Exhibit O (appropriately completed).

“Austrian Security” shall mean the assets of Exide U.S. and its Subsidiaries which are
subject to any Foreign Security Document governed by the laws of Austria.

“Authorized Officer” shall mean, with respect to (i) delivering Notices of Borrowing,
Notices of Conversion, Letter of Credit Requests and similar notices, any person or persons that
has or have been authorized by the board of directors of any Borrower to deliver such notices
pursuant to this Agreement and that has or have appropriate signature cards on file with the
Administrative Agent, the Swingline Lender and the respective Issuing Lender; (ii) delivering
financial information and officer’s certificates pursuant to this Agreement, the chief financial
officer, any treasurer or other financial officer of Exide U.S. and (iii) any other matter in
connection with this Agreement or any other Credit Document, any officer (or a person or persons so
designated by any two officers) of Exide U.S.

“Available Currency” shall mean (i) with respect to U.S. Borrower Term Loans and
European Borrower U.S. Dollar Term Loans, U.S. Dollars, (ii) with respect to Revolving Loans,
Swingline Loans and Letters of Credit, U.S. Dollars and Euros and (iii) with respect to European
Borrower Euro Term Loans, Euros.

“Bankruptcy Code” shall have the meaning provided in Section 10.05.

“Base Rate” at any time shall mean the higher of (x) the rate which is 1/2 of 1% in
excess of the Federal Funds Rate at such time and (y) the Prime Lending Rate at such time.

“Base Rate Loan” shall mean (i) each U.S. Dollar Denominated Swingline Loan, (ii) each
other U.S. Dollar Denominated Loan which is designated or deemed designated as a Base Rate Loan by
the respective Borrower at the time of the incurrence thereof or conversion thereto and (iii) each
outstanding Loan after the conversion thereof to Dollars pursuant to Section 1.14.

“Belgian Credit Party” shall mean any Foreign Credit Party organized under the laws of
Belgium.

“Belgian Pledges on Business Assets” shall have the meaning provided in Section 12.16.

“Bonds” shall have the meaning provided in Section 12.15(a).

“Books” shall mean all of each U.S. ABL Borrower’s and each Foreign ABL Credit Party’s
now owned or hereafter acquired books and records (including all of their Records indicating,
summarizing, or evidencing their assets (including the Collateral) or liabilities, all of each U.S.
ABL Borrower’s and each Foreign ABL Credit Party’s Records relating to their business operations or
financial condition, and all of their goods or General Intangibles related to such information).

“Borrower” shall mean the respective borrower of a given Loan hereunder, being (i) in
the case of U.S. Borrower Term Loans, the U.S. Borrower, (ii) in the case of all European Borrower
Term Loans, the European Borrower, (iii) in the case of European Borrower Revolving Loans and
European Borrower Swingline Loans, the European Borrower and (iv) in the case of U.S. ABL Borrowers
Revolving Loans and U.S. ABL Borrowers Swingline Loans, a collective reference to the U.S. ABL
Borrowers (who shall be jointly and severally obligated therefor and for all Obligations relating
thereto).

“Borrowing” shall mean the borrowing of one Type of Loan pursuant to a single Tranche
by the European Borrower, U.S. Borrower or by the U.S. ABL Borrowers from all the Lenders having
Commitments with respect to such Tranche (or from the Swingline Lender, in the case of Swingline
Loans) on a given date (or resulting from a conversion or conversions on such date), having in the
case of Euro Rate Loans (other than Euro Denominated Swingline Loans) the same Interest Period,
provided that Base Rate Loans incurred pursuant to Section 1.10(b) shall be considered part
of the related Borrowing of Eurodollar Loans.

“Borrowing Base” shall mean the U.S. Borrowing Base, the Foreign Borrowing Base and/or
the Total Borrowing Base, as the context may require.

“Borrowing Base Certificate” shall have the meaning provided in Section 8.01(n).

“Business Day” shall mean (i) for all purposes other than as covered by clause (ii)
below, any day excluding Saturday, Sunday and any day which shall be in the City of New York (or,
with respect to an Issuing Lender not located in the City of New York, the location of such Issuing
Lender) a legal holiday or a day on which banking institutions are authorized by law or other
governmental actions to close, and (ii) with respect to all notices and determinations in
connection with, and payments of principal, Unpaid Drawings and interest on or with respect to,
Euro Denominated Loans or any Euro Denominated Letters of Credit, any day which is a Business Day
described in clause (i) and which is also (A) a day for trading by and between banks in the London
interbank market and which shall not be a legal holiday or a day on which banking institutions are
authorized or required by law or other government action to close in London or New York City and
(B) in relation to any payment in Euros, a day on which the Trans-European Automated Real-Time
Gross Settlement Express Transfer (TARGET) System is open.

“Calculation Period” shall mean, with respect to any Permitted Acquisition, any
Significant Asset Sale, any action requiring calculations to be made on a Pro Forma
Basis pursuant to the definition of “Payment Conditions” in this Section 11 or any other event
expressly required to be calculated on a Pro Forma Basis pursuant to the terms of
this Agreement, the Test Period most recently ended prior to the date of such Permitted
Acquisition, Significant Asset Sale, action requiring calculations to be made on a Pro
Forma Basis pursuant to the definition of “Payment Conditions” in this Section 11 or other
event.

“Capital Expenditures” shall mean, with respect to any Person, for any period, all
expenditures by such Person which should be capitalized in accordance with U.S. GAAP during such
period, including, without duplication, all such expenditures with respect to fixed or capital
assets (including, without limitation, expenditures for maintenance and repairs which should be
capitalized in accordance with U.S. GAAP) and the amount of all Capitalized Lease Obligations
incurred by such Person during such period.

“Capital Lease”, as applied to any Person, shall mean any lease of any Property by
that Person as lessee which, in conformity with U.S. GAAP, is accounted for as a capital lease on
the balance sheet of that Person.

“Capitalized Lease Obligations” of any Person shall mean all obligations under Capital
Leases of such Person, in each case taken at the amount thereof accounted for as indebtedness in
accordance with U.S. GAAP.

“Cash Equivalents” shall mean (i) securities issued or directly fully guaranteed or
insured by the governments of the United States and members of the European Union or any agency or
instrumentality thereof (provided that the full faith and credit of the respective such government
is pledged in support thereof) having maturities of not more than six months from the date of
acquisition, (ii) securities issued by any state of the United States or any political subdivision
of any such state or any public instrumentality thereof maturing within six months from the date of
acquisition thereof and, at the time of acquisition, having one of the two highest ratings
obtainable from either S&P or Moody’s, (iii) certificates of deposit and eurodollar time deposits
with maturities of six months or less from the date of acquisition, bankers’ acceptances with
maturities not exceeding six months and overnight bank deposits, in each case with any domestic
commercial bank or commercial bank of a foreign country recognized by the United States, (x) in the
case of a domestic commercial bank, having capital and surplus in excess of $500,000,000 and
outstanding debt which is rated “A” (or similar equivalent thereof) or higher by at least one
nationally recognized statistical rating organization (as defined under Rule 436 under the
Securities Act) and (y) in the case of a foreign commercial bank, having capital and surplus in
excess of $250,000,000 (or the foreign currency equivalent thereof), (iv) repurchase obligations
with a term of not more than seven days for underlying securities of the types described in clauses
(i) and (iii) above entered into with any financial institution meeting the qualifications
specified in clause (iii) above, (v) commercial paper having a rating of at least A-1 from S&P or
at least P-1 from Moody’s and in each case maturing within six months after the date of acquisition
and (vi) investments in money market funds which invest substantially all their assets in
securities of the types described in clauses (i) through (v) above. Furthermore, with respect to
Foreign Subsidiaries of Exide U.S. that are not organized in one or more Qualified Jurisdictions,
Cash Equivalents shall include bank deposits (and investments pursuant to operating account
agreements) maintained with various local banks in the ordinary course of business consistent with
past practice of Exide U.S.’s Foreign Subsidiaries.

“Cash Management Control Agreement” shall mean a “control agreement”, power of
attorney in respect of the respective Deposit Account(s) or other agreement, in each case, in form
and substance reasonably acceptable to the Administrative Agent and containing terms regarding the
treatment of all cash and other amounts on deposit in the Deposit Account(s) governed by such Cash
Management Control Agreement consistent with the applicable requirements of Section 4.03.

“Change of Control” shall mean (i) Exide U.S. shall at any time cease to own directly
or indirectly 100% of the Equity Interests of the European Borrower or any U.S. ABL Borrower
(except for any U.S. ABL Borrower (x) all of the Equity Interests in which were sold or liquidated
pursuant to an Asset Sale pursuant to Section 9.02(v) or (y) any U.S. ABL Borrower merged,
consolidated or liquidated within or into Exide U.S. or another U.S. ABL Borrower, (ii) any
“Person” or “Group” (within the meaning of Sections 13(d) and 14(d) under the
Exchange Act, as in effect on the Initial Borrowing Date) is or shall (A) be the “beneficial owner”
(as so defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act) of 40% or more of the voting
and/or economic interest in Exide U.S.’s capital stock or other Equity Interests or (B) have
obtained the power (whether or not exercised) to elect a majority of Exide U.S.’s directors, (iii)
the Board of Directors of Exide U.S. shall cease to consist of a majority of Continuing Directors,
or (iv) a “change of control” or similar event shall occur as provided in any Qualified Preferred
Stock (or certificate of designation governing the same) or, on and after the execution and
delivery thereof, any Existing Notes Documents, which has not been waived or consented to by the
holders thereof.

“Chapter 11 Cases” shall mean the “Chapter 11 Cases” as defined in the Existing Credit
Agreement as in effect on the Effective Date immediately prior to the occurrence thereof.

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and
the regulations promulgated and rulings issued thereunder. Section references to the Code are to
the Code, as in effect at the date of this Agreement and any subsequent provisions of the Code,
amendments thereof, supplemental thereto or substituted therefor.

“Collateral” shall mean all property (whether real or personal, movable or immovable)
with respect to which any security interests have been granted (or purported to be granted)
pursuant to any Security Document (including any Additional Security Document), including, without
limitation, all Pledge Agreement Collateral, all Security Agreement Collateral, all Mortgaged
Properties and all cash and Cash Equivalents delivered as collateral pursuant to Section 4.02 or 10
or any Credit Document and all Additional Collateral, if any.

“Collateral Access Agreement” shall mean a landlord waiver, bailee letter, or
acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person (other
than Exide U.S. or any other Credit Party) in possession of, having a Lien upon, or having rights
or interests in the Books, Equipment or Inventory of any U.S. ABL Borrower or Specified Foreign
Borrowing Base ABL Subsidiary Guarantor, in each case, in form and substance reasonably
satisfactory to the Collateral Agent.

“Collateral Agent” shall mean DBNY and any of its Affiliates, including without
limitation DBL, acting as collateral agent for the Secured Creditors pursuant to the terms of any
Credit Document.

“Commitment” shall mean any of the commitments of any Lender, i.e., whether
the U.S. Borrower Term Loan Commitment, the European Borrower U.S. Dollar Term Loan Commitment, the
European Borrower Euro Term Loan Commitment or the Revolving Loan Commitment of such Lender.

“Commodity Agreements” shall mean commodity agreements, hedging agreements and other
similar agreements or arrangements designed to protect against price fluctuations of commodities
(e.g., lead) used in the business of Exide U.S. and its Subsidiaries.

“Common Permitted Acquisition Conditions” shall mean:

(i) no Default or Event of Default shall be in existence at the time of the consummation
of the proposed Permitted Acquisition or immediately after giving effect thereto;

(ii) Exide U.S. shall have given the Administrative Agent at least 5 Business Days’
prior written notice (or such shorter period of time as may be agreed to by the
Administrative Agent in its sole discretion in any given case) of the proposed Permitted
Acquisition;

(iii) all representations and warranties contained herein and in the other Credit
Documents shall be true and correct in all material respects with the same effect as though
such representations and warranties had been made on and as of the date of such Permitted
Acquisition (both before and after giving effect thereto), unless stated to relate to a
specific earlier date, in which case such representations and warranties shall be true and
correct in all material respects as of such earlier date;

(iv) Exide U.S. provides to the Administrative Agent (on behalf of the Lenders) as soon
as available but not later than 5 Business Days after the execution thereof, a copy of any
executed purchase agreement or similar agreement with respect to such Permitted Acquisition;

(v) such proposed Permitted Acquisition shall be effected in accordance with the
relevant requirements of Section 8.17;

(vi) Exide U.S. determines in good faith that Exide U.S. and its Subsidiaries taken as
a whole are not likely to assume or become liable for material increased contingent
liabilities as a result of such proposed Permitted Acquisition (excluding, however,
Indebtedness permitted to be incurred pursuant to Section 9.04A in connection therewith);
and

(vii) substantially all of the Acquired Entity or Business acquired pursuant to the
respective Permitted Acquisition is in one or more Qualified Jurisdictions,
provided, however, the respective proposed Permitted Acquisition shall not
be required to meet the requirements set forth above in this clause (vii) if the Maximum
Permitted Consideration payable in connection with such Permitted Acquisition, when
aggregated with the Maximum Permitted Consideration payable in connection with all other
Permitted Acquisitions consummated after the Effective Date in which all or substantially
all of the Acquired Entity or Business so acquired were not in Qualified Jurisdictions, does
not exceed $10,000,000.

“Common Permitted Investments” shall mean:

(i) Exide U.S. and its Subsidiaries may acquire and hold cash and Cash Equivalents;

(ii) Exide U.S. and its Subsidiaries may acquire and hold receivables and chattel paper
owing to it, if created or acquired in the ordinary course of business and payable or
dischargeable in accordance with customary trade terms (including the dating of receivables)
of Exide U.S. or such Subsidiary;

(iii) Exide U.S. and its Subsidiaries may acquire and own investments (including debt
obligations) received in connection with the bankruptcy or reorganization of suppliers, trade
creditors, licensees, licensors and customers and in good faith settlement of delinquent
obligations of, and other disputes with, suppliers, trade creditors, licensees, licensors and
customers arising in the ordinary course of business;

(iv) Interest Rate Protection Agreements entered into in compliance with Section
9.04A(iii) and Section 9.04B shall be permitted;

(v) (x) Investments constituting Intercompany Scheduled Existing Indebtedness in
existence on the Initial Borrowing Date (and any refinancings thereof permitted pursuant to
Section 9.04A(vii) and clause (10) of the definition of Permitted Indebtedness used in
Section 9.04B and consistent with the definition of Permitted Refinancing Indebtedness) and
(y) such other Investments in existence on the Initial Borrowing Date and listed on Schedule
9.05 (without giving effect to any additions thereto or replacements thereof);
provided that any additional Investments made with respect to the Investments
described in preceding subclause (y) shall be permitted only if independently justified under
the other provisions of Section 9.05A or 9.05B, as applicable;

(vi) (t) intercompany Indebtedness may be incurred in compliance with Section
9.04A(xvii) and the relevant provisions of Section 9.04B, (u) Qualified U.S. Obligors may
make intercompany loans to each other (and provide unsecured guarantees of Indebtedness of
each other), (v) Qualified Foreign Obligors may make intercompany loans to each other (and
provide unsecured guarantees of Indebtedness of each other, provided that (I) no
Foreign TL Subsidiary Guarantor may guarantee Indebtedness of any Qualified Foreign Obligor
pursuant to this clause (vi) that is not also a Foreign TL Subsidiary Guarantor, (II) no
Foreign ABL Subsidiary Guarantor may guarantee Indebtedness of any Qualified Foreign Obligor
pursuant to this clause (vi) that is not also a Foreign ABL Subsidiary Guarantor and (III) no
Foreign Borrowing Base ABL Subsidiary Guarantor may guarantee Indebtedness of any Qualified
Foreign Obligor pursuant to this clause (vi) that is not also a Foreign Borrowing Base ABL
Subsidiary Guarantor), (w) Qualified U.S. Obligors may make intercompany loans to any
Qualified Foreign Obligor (and provide unsecured guarantees of Indebtedness of any Qualified
Foreign Obligor), (x) Qualified Obligors may make intercompany loans to any Foreign
Subsidiary of Exide U.S. that is not a Qualified Obligor (and provide unsecured guarantees of
Indebtedness of any Foreign Subsidiary of Exide U.S. that is not a Qualified Obligor), (y)
any Wholly-Owned Foreign Subsidiary of Exide U.S. may make intercompany loans to any
Qualified Obligor (and provide unsecured guarantees of Indebtedness of any Qualified Foreign
Obligor, provided that (I) no Foreign TL Subsidiary Guarantor may guarantee
Indebtedness of any Wholly-Owned Foreign Subsidiary of Exide U.S. pursuant to this clause
(vi) that is not also a Foreign TL Subsidiary Guarantor, (II) no Foreign ABL Subsidiary
Guarantor may guarantee Indebtedness of any Wholly-Owned Foreign Subsidiary of Exide U.S.
pursuant to this clause (vi) that is not also a Foreign ABL Subsidiary Guarantor and (III) no
Foreign Borrowing Base ABL Subsidiary Guarantor may guarantee Indebtedness of any
Wholly-Owned Foreign Subsidiary of Exide U.S. pursuant to this clause (vi) that is not also a
Foreign Borrowing Base ABL Subsidiary Guarantor) and (z) Non-Credit Party Subsidiaries may
make intercompany loans to each other and to any Foreign Credit Party (and provide unsecured
guarantees of Indebtedness of any Foreign Credit Party), provided that (I) unless the
respective obligor under such intercompany loan reasonably determines that the execution,
delivery and performance of an Intercompany Note is prohibited by, or that such Intercompany
Note would not be enforceable against such obligor under, applicable local law, any such
intercompany loan made pursuant to this clause (vi) (other than any such loan made to a
Non-Wholly Owned Subsidiary) shall be evidenced by an Intercompany Note or by such other
documentation as may be acceptable to the Administrative Agent, (II) at no time shall the
aggregate outstanding principal amount of all such intercompany loans and the aggregate
amount of all Indebtedness guaranteed by guarantees made pursuant to subclause (w) of this
clause (vi) above (exclusive of loans made to Qualified Foreign Obligors which are promptly
on-lent by such Qualified Foreign Obligors to Foreign Subsidiaries that are not Qualified
Obligors in reliance on subclause (x) above), when added to the aggregate amount of cash
equity contributions made pursuant to (and in reliance on) clause (viii)(y) below on and
after the Effective Date, exceed $200,000,000 (determined without regard to write-downs or
write-offs thereof), (III) at no time shall the aggregate outstanding principal amount of all
such intercompany loans and the aggregate amount of all Indebtedness guaranteed by guarantees
made pursuant to subclause (x) of this clause (vi) above, when added to the aggregate amount
of cash equity contributions made pursuant to (and in reliance on) clause (viii)(z) below in
this definition on and after the Effective Date, exceed $25,000,000 (determined without
regard to write-downs or write-offs thereof), (IV) no intercompany loans may be made pursuant
to subclause (w) or (x) of this clause (vi) at any time any Default or any Event of Default
is in existence (or would be in existence after giving effect thereto), (V) each intercompany
loan made pursuant to this clause (vi) shall be subject to subordination as, and to the
extent, required by the Intercompany Subordination Agreement, (VI) any intercompany loans
made pursuant to this clause (vi) shall cease to be permitted hereunder if the obligor or
obligee thereunder ceases to constitute a Qualified Obligor or a Foreign Subsidiary of Exide
U.S. as contemplated above and (VII) no guarantees made pursuant to this clause (vi) may
guarantee the Existing Notes or any Permitted Refinancing Indebtedness (unless separately
permitted in accordance with the definition thereof);

(vii) (x) loans by Exide U.S. and its Subsidiaries to officers, employees and directors
of Exide U.S. and its Subsidiaries for bona fide business purposes, in each case incurred in
the ordinary course of business, in an aggregate outstanding principal amount not to exceed
$2,000,000 at any time outstanding (determined without regard to any write-downs or
write-offs of such loans and advances) shall be permitted and (y) advances of reimbursable
expenses by Exide U.S. and its Subsidiaries to officers, employees and directors of Exide
U.S. and its Subsidiaries for bona fide purposes, in each case incurred in
the ordinary course of business;

(viii) (u) any Wholly-Owned Foreign Subsidiary of Exide U.S. may make cash common equity
contributions to any Qualified Obligor, (v) any Qualified U.S. Obligor may make cash common
equity contributions to any of its direct Wholly-Owned Subsidiaries that is a Qualified U.S.
Obligor, (w) any Qualified Foreign Obligor may make cash common equity contributions to any
of its direct Wholly-Owned Subsidiaries that is a Qualified Foreign Obligor, (x) any
Non-Credit Party Subsidiary may make cash common equity contributions to any of its direct
Wholly-Owned Subsidiaries that is a Non-Credit Party subsidiary or a Foreign Credit Party,
(y) any Qualified U.S. Obligor may make cash common equity contributions to any of its direct
Wholly-Owned Subsidiaries that is Qualified Foreign Obligor, and (z) any Qualified Obligor
may make cash common equity contributions to any of their respective direct Foreign
Subsidiaries that is not a Qualified Obligor; provided that (I) at no time shall the
aggregate amount of the cash common equity contributions made pursuant to subclause (y) of
this clause (viii) (exclusive of (A) cash contributions made to a Qualified Foreign Obligor
which are promptly contributed, in turn, to a Foreign Subsidiary of such Qualified Foreign
Obligor that is not a Qualified Obligor in reliance on subclause (z) above and (B) cash
contributions made by Exide U.S. to the European Borrower which are promptly utilized to make
voluntary prepayments of Term Loans), when added to the aggregate outstanding principal
amount of all intercompany loans and the aggregate amount of all Indebtedness guaranteed by
guarantees made pursuant to subclause (w) of clause (vi) above (determined without regard to
write-downs or write-offs thereof), exceed $200,000,000, (II) at no time shall the aggregate
amount of the cash common equity contributions made pursuant to subclause (z) of this clause
(viii), when added to the aggregate outstanding principal amount of all intercompany loans
and the aggregate amount of all Indebtedness guaranteed by guarantees made pursuant to
subclause (x) of clause (vi) above (determined without regard to write-downs or write-offs
thereof), exceed $25,000,000 and (III) no contributions may be made pursuant to subclause (y)
or (z) of this clause (viii) at any time any Default or any Event of Default is in existence
(or would be in existence after giving effect thereto);

(ix) the Borrowers and the Subsidiary Guarantors may make Permitted Acquisitions in
accordance with the relevant requirements of Sections 8.14A and 8.14B and the component
definitions therein;

(x) Exide U.S. and its Subsidiaries may own the capital stock of, or other Equity
Interests in, their respective Subsidiaries created or acquired in accordance with the terms
of this Agreement;

(xi) Exide U.S. and its Subsidiaries may acquire and hold non-cash consideration issued
by the purchaser of assets in connection with a sale of such assets to the extent permitted
by Sections 9.02(v), (xvi) and (xix);

(xii) so long as management of Exide U.S. or such Subsidiary, as the case may be, has
determined in good faith that the entering into of such Other Hedging Agreements or Commodity
Agreements, as the case may be, are bona fide hedging activities and are not
for speculative purposes, Exide U.S. and its Subsidiaries may enter into (x) Other Hedging
Agreements in the ordinary course of business providing protection against fluctuations in
currency values in connection with the operations of Exide U.S. or any of its Subsidiaries
and (y) Commodity Agreements in the ordinary course of business providing protection against
fluctuations in prices of commodities used in the operations of Exide U.S. and its
Subsidiaries, provided that Exide U.S. and its Subsidiaries shall not enter into a
Commodity Agreement with respect to lead (I) having a tenor of more than 14 months or (II) if
the amount of lead hedged pursuant to such Commodity Agreement (when aggregated with all
other Commodity Agreements then in effect with respect to lead) would exceed 100% of Exide
U.S.’s and its Subsidiaries’ projected purchases of lead from third parties (as determined in
good faith by the management of Exide U.S. or such Subsidiary) for the immediately succeeding
14-month period, in each case described in clause (x) or (y) above;

(xiii) Exide U.S. may acquire and hold obligations of one or more officers, directors or
other employees of Exide U.S. or any of its Subsidiaries in connection with such officers’,
directors’ or employees’ acquisition of shares of capital stock of Exide U.S., so long as no
cash is paid by Exide U.S. or any of its Subsidiaries to such officers, directors or
employees in connection with the acquisition of any such obligations;

(xiv) Investments constituting guaranties permitted by the relevant provisions of
Sections 9.04A and 9.04B; and

(xv) Investments made to purchase additional Equity Interests of any Foreign Subsidiary
of which Exide U.S. or its Subsidiaries own at least 80% of the outstanding Equity Interests
as of the Effective Date; provided that at the time of each such Investment made
pursuant to this clause (xv), the aggregate amount of Investments made pursuant to this
clause (xv) shall not exceed (x) $5,000,000 at any time that Excess Availability is less than
or equal to $75,000,000 or (y) $20,000,000 at any time that Excess Availability is greater
than $75,000,000, in each case on a pro forma basis after giving effect to
any such Investment.

“Common Permitted Liens” shall mean:

(i) inchoate Liens for taxes, assessments or governmental charges or levies not yet due
and payable or Liens for taxes, assessments or governmental charges or levies being contested
in good faith and by appropriate proceedings for which adequate reserves have been
established in accordance with U.S. GAAP;

(ii) Liens in respect of property or assets of Exide U.S. or any of its Subsidiaries
imposed by law which were incurred in the ordinary course of business and which have not
arisen to secure Indebtedness for borrowed money, such as carriers’, warehousemen’s and
mechanics’ Liens, statutory landlord’s Liens and other similar Liens arising in the ordinary
course of business, and which either (x) do not in the aggregate materially detract from the
value of such property or assets or materially impair the use thereof in the operation of the
business of Exide U.S. or any of its Subsidiaries or (y) are being contested in good faith by
appropriate proceedings, which proceedings have the effect of preventing the forfeiture or
sale of the property or asset subject to such Lien;

(iii) Liens created by or pursuant to this Agreement and the Security Documents;

(iv) Liens in existence on the Initial Borrowing Date which are listed, and the property
subject thereto described, in Schedule 9.03, but only to the respective date, if any, set
forth in such Schedule 9.03 for the removal, replacement and termination of any such Liens,
plus renewals, replacements and extensions of such Liens, provided that (x) the
aggregate principal amount of the Indebtedness, if any, secured by such Liens does not
increase from that amount outstanding at the time of any such renewal, replacement or
extension and (y) any such renewal, replacement or extension does not encumber any additional
assets or properties of Exide U.S. or any of its Subsidiaries;

(v) Liens (x) arising from judgments, decrees or attachments in circumstances not
constituting an Event of Default under Section 10.09, (y) arising in connection with the
deposit or payment of cash or other Property with or to any court or other governmental
authority in connection with any pending claim or litigation and (z) arising in connection
with the deposit of cash or other Property in connection with the issuance of stay and appeal
bonds, provided that the Fair Market Value of all Property (including cash) pledged, paid
and/or deposited by Exide U.S. or any of its Subsidiaries pursuant to this clause (v) shall
not exceed $25,000,000 at any time;

(vi) Liens (other than any Lien imposed by ERISA) (x) incurred or deposits made in the
ordinary course of business of Exide U.S. and its Subsidiaries in connection with workers’
compensation, unemployment insurance and other types of social security, (y) to secure the
performance by Exide U.S. and its Subsidiaries of tenders, statutory obligations (other than
excise taxes not described in preceding clause (i) of this definition above), surety and
customs bonds, statutory bonds, bids, leases, government contracts, trade contracts,
performance bonds and other similar obligations incurred in the ordinary course of business
(exclusive of (I) obligations for the payment of Indebtedness and (II) stay and appeal bonds
and other obligations in respect of litigation, arbitration or similar claims or otherwise of
the types described in clause (v) of this definition above) or (z) to secure the performance
by Exide U.S. and its Subsidiaries of leases of Real Property, to the extent incurred or made
in the ordinary course of business consistent with past practices;

(vii) licenses, sublicenses, leases or subleases granted to third Persons in the
ordinary course of business not interfering in any material respect with the business of
Exide U.S. or any of its Subsidiaries;

(viii) (x) Permitted Encumbrances and (y) easements, rights-of-way, restrictions,
encroachments, municipal and zoning ordinances and other similar charges or encumbrances, and
minor title deficiencies, in each case not securing Indebtedness and not materially
interfering with the conduct of the business of Exide U.S. or any of its Subsidiaries;

(ix) Liens arising from or related to precautionary UCC or like personal property
security financing statements regarding operating leases (if any) entered into by Exide U.S.
and its Subsidiaries in the ordinary course of business;

(x) restrictions imposed in the ordinary course of business and consistent with past
practices on the sale or distribution of designated inventory pursuant to agreements with
customers under which such inventory is consigned by the customer or such inventory is
designated for sale to one or more customers;

(xi) Liens in favor of customs or revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods;

(xii) other Liens of Exide U.S. or any Subsidiary of Exide U.S. that (x) were not
incurred in connection with borrowed money, (y) do not encumber any Property of Exide U.S. or
any of its Subsidiaries the Fair Market Value of which exceeds the amount of the Indebtedness
or other obligations secured by such Property or materially impair the use of such Property
in the operation of the business of Exide U.S. or such Subsidiary and (z) do not secure
obligations in excess of $10,000,000 in the aggregate for all such Liens;

(xiii) sales of accounts receivables by any Foreign Subsidiary of Exide U.S. that is not
a Foreign Borrowing Base ABL Subsidiary Guarantor and is party to a Factoring Agreement,
pursuant to such Factoring Agreement (after the execution thereof);

(xiv) junior priority Liens, expressly subordinate to the Liens granted in favor of the
Secured Creditors pursuant to the Security Documents on the terms and conditions provided in
the Existing Intercreditor Agreement, on assets of Exide U.S. and/or any of its Domestic
Subsidiaries granted in favor of a Plan enforceable by the PBGC in connection with Exide
U.S.’s requested waiver of the minimum funding requirements under ERISA, as described on
Schedule 7.11;

(xv) Liens arising (i) under the general business conditions of a German credit
institution with which a Credit Party or any of its Subsidiaries maintains a banking
relationship in the ordinary course of business, or (ii) as a consequence of customary
extended retention of title arrangements (verlängerte Eigentumsvorbehalte) with a supplier of
a Credit Party organized under the laws of Germany or any of such Credit Party’s Subsidiaries
organized under the laws of Germany;

(xvi) junior priority Liens granted in favor of the holders of the Senior Secured Notes
(or the trustee therefor) on assets (and only on those assets) of Exide U.S. and the U.S.
Subsidiary Guarantors which secure (and on which Liens have been granted pursuant to the
Credit Documents to secure) the Obligations of Exide U.S. and the U.S. ABL Borrowers (and the
guarantees of such Obligations by the respective U.S. Subsidiary Guarantor) and are expressly
subject (and subordinate) to the Liens on such assets granted (or purported to be granted)
pursuant to any then existing, or any later executed, Credit Document on the terms and
conditions provided in the Existing Intercreditor Agreement ;

(xvii) Liens on assets of Exide U.S. and/or any of its Subsidiaries securing obligations
owing by Exide U.S. and/or any of its Subsidiaries to one or more banks or other financial
institutions under one or more agreements or arrangements providing for credit products or
credit arrangements to be made available to Exide U.S. and/or any of its Subsidiaries as part
of, or in connection with, their respective cash management systems, provided that
(x) the assets subject to such Liens are acceptable to the Administrative Agent, (y) the
aggregate amount of obligations at any time secured by such Liens does not exceed $10,000,000
and (z) the Fair Market Value of all assets subject to such Liens does not exceed $12,000,000
in the aggregate; and

(xviii) Liens on cash and Cash Equivalents of Exide U.S. and/or any of its Subsidiaries
securing obligations of Exide U.S. and/or any of its Subsidiaries under Commodity Agreements
permitted by clause (xii) of the definition of “Common Permitted Investments” in this Section
11, provided that the aggregate amount of all assets subject to such Liens shall not
at any time exceed $1,000,000.

“Common Restricted Action” shall mean that Exide U.S. or any of its Subsidiaries
shall:

(i) make (or give any notice in respect of) any voluntary or optional payment or
prepayment on or redemption, repurchase or acquisition for value of (including, without
limitation, by way of depositing with the trustee with respect thereto or any other Person
money or securities before due for the purpose of paying when due), or any prepayment,
repurchase, redemption or acquisition for value as a result of any asset sale, change of
control or similar event of any Third Party Scheduled Existing Indebtedness or Existing
Notes, or, after the incurrence or issuance thereof, any Permitted Refinancing Indebtedness,
Shareholder Subordinated Notes (except to the extent expressly permitted under clause (iv) of
the definition of “Common Restricted Payments” in Section 11) or Permitted Acquired Debt;
provided that (x) the Existing Notes may be exchanged for Exchange Existing Notes in
accordance with the requirements of the respective definitions thereof and the relevant
provisions of this Agreement and (y) so long as no Default and no Event of Default then
exists or would result therefrom, (I) any Indebtedness, may be refinanced with Permitted
Refinancing Indebtedness incurred to refinance same in accordance with the relevant
requirements of Section 9.04 and (II) the Existing Notes may also be repaid with the net cash
proceeds from any capital contribution to Exide U.S. or any sale or issuance of Equity
Interests of Exide U.S. (in each case, so long as all Equity Interests issued constitute
Exide U.S. Common Stock or Qualified Preferred Stock) to any Person that is not a Subsidiary
of Exide U.S., in each case, in accordance with the requirements of this Agreement;

(ii) amend, modify or change any Third Party Scheduled Existing Indebtedness (other than
the Existing Notes), any Permitted Acquired Debt, any Permitted Refinancing Indebtedness, any
Qualified Preferred Stock, its certificate of incorporation (including, without limitation,
by the filing or modification of any certificate of designation), by-laws, certificate of
partnership, partnership agreement, certificate of limited liability company, limited
liability company agreement (or equivalent organizational documents) or any agreement entered
into by it, with respect to the items listed above or its capital stock or other Equity
Interests, other than (A) any change to Third Party Scheduled Existing Indebtedness,
Permitted Acquired Debt or Permitted Refinancing Indebtedness as a result of the refinancing
thereof as permitted by preceding clause (i), (B) any amendments or modifications to
Permitted Refinancing Indebtedness or Qualified Preferred Stock consistent with the
definitions thereof provided herein and (C) any amendments, modifications or changes pursuant
to this clause (ii) and any such new agreements pursuant to this clause (ii), (x) which do
not in any way adversely affect the interests of the Lenders and (y) any amendment to such
Person’s respective certificates of incorporation or other organizational documents to
authorize the issuance of capital stock or other Equity Interests otherwise permitted to be
issued pursuant to the terms of this Agreement; or

(iii) amend or modify, or permit the amendment or modification of, any provision of any
Existing Notes Document, other than any technical or clarifying amendments, modifications or
changes to any such Documents that are not in any way adverse to the interests of the
Lenders.

“Common Restricted Payments” shall mean:

(i) (x) any Subsidiary of Exide U.S. may pay Dividends to Exide U.S. or any Wholly-Owned
Subsidiary of Exide U.S. and (y) any non-Wholly-Owned Subsidiary of Exide U.S. may pay cash
Dividends to its shareholders generally so long as Exide U.S. or its respective Subsidiary
which owns the Equity Interest in the Subsidiary paying such Dividends receives at least its
proportionate share thereof (based upon its relative holding of the Equity Interests in the
Subsidiary paying such Dividends and taking into account the relative preferences, if any, of
the various classes of Equity Interests of such Subsidiary and any requirements imposed by
applicable law); provided that any Dividend made pursuant to preceding clause (x) to
any Wholly-Owned Subsidiary that is not a Credit Party may only be made if (A) (I) no Default
and no Event of Default then exists or would result therefrom and (II) such Wholly-Owned
Subsidiary promptly distributes and/or transfer any Property received pursuant to such
Dividend (directly or indirectly through other Wholly-Owned Subsidiaries) to a Credit Party
or (B) the Subsidiary making such Dividend is not a Credit Party;

(ii) Exide U.S. may redeem or purchase shares of Exide U.S. Common Stock or options to
purchase Exide U.S. Common Stock, as the case may be, held by former officers or employees of
Exide U.S. or any of its Subsidiaries following the death, disability, retirement or
termination of employment of such officers or employees, provided that (w) the only
consideration paid by Exide U.S. in respect of such redemptions and/or purchases shall be
cash and Shareholder Subordinated Notes, (x) the sum of (A) the aggregate amount paid by
Exide U.S. in cash in respect of all such redemptions and/or purchases plus (B) the
aggregate amount of all principal and interest payments made on Shareholder Subordinated
Notes, shall not exceed $500,000 in any Fiscal Year of Exide U.S., and (z) at the time of any
redemption or purchase pursuant to this clause (ii), no Default or Event of Default shall
then exist or result therefrom;

(iii) Exide U.S. and its Subsidiaries may make payments with respect to Intercompany
Debt, so long as the respective payment is permitted to be made in accordance with the terms
of the Intercompany Subordination Agreement;

(iv) Exide U.S. may make payments of interest and principal on the Shareholder
Subordinated Notes in accordance with the terms thereof, so long as the sum of (A) the
aggregate amount paid by Exide U.S. in cash in respect of all redemptions and/or purchases of
Exide U.S. Common Stock pursuant to clause (ii) above, plus (B) the aggregate amount
of all principal and interest payments made on Shareholder Subordinated Notes, does not
exceed $500,000 in any Fiscal Year of Exide U.S.;

(v) Exide U.S. may pay regularly scheduled Dividends on its Qualified Preferred Stock
pursuant to the terms thereof solely through the issuance of additional shares of such
Qualified Preferred Stock rather than in cash; and

(vi) the U.S. Borrower may issue additional Plan Warrants in the event of an Additional
Class P4 Distribution (if any) pursuant to the Plan of Reorganization.

“Company” shall mean any corporation, limited liability company, partnership or other
business entity (or the adjectival form thereof, where appropriate).

“Compliance Period” shall mean any period (i) commencing on the date on which Excess
Availability has been less than $40,000,000 for three consecutive Business Days and (ii) ending on
the first date thereafter on which Excess Availability has been equal to or greater than
$40,000,000 for 30 consecutive days.

“Consolidated Debt” shall mean, at any time, the sum of (without duplication) (i) all
Indebtedness of Exide U.S. and its Consolidated Subsidiaries (on a consolidated basis) as would be
required to be reflected as debt or Capital Leases on the liability side of a consolidated balance
sheet of Exide U.S. and its Consolidated Subsidiaries in accordance with U.S. GAAP, (ii) all
Indebtedness of Exide U.S. and its Consolidated Subsidiaries of the type described in clauses (ii),
(vii) and (viii) of the definition of Indebtedness and (iii) all Contingent Obligations of Exide
U.S. and its Consolidated Subsidiaries in respect of Indebtedness of any third Person of the type
referred to in preceding clauses (i) and (ii); provided that the sum of (x) the aggregate
amount available to be drawn (i.e., unfunded amounts) under all letters of credit, bankers’
acceptances, bank guaranties, surety bonds and similar obligations issued for the account of Exide
U.S. or any of its Consolidated Subsidiaries (but excluding, for avoidance of doubt, all unpaid
drawings or other matured monetary obligations owing in respect of such letters of credit, bankers’
acceptances, bank guaranties, surety bonds and similar obligations), (y) the amount of Indebtedness
in respect of Interest Rate Protection Agreements, Other Hedging Agreements, Commodity Agreements
and similar agreements shall be at any time the unrealized net loss position, if any, of Exide U.S.
and/or its Subsidiaries thereunder on a marked-to-market basis determined no more than one month
prior to such time and (z) the aggregate amount of any Indebtedness of Exide U.S. and its
Consolidated Subsidiaries of the type described in Section 9.04A(xviii), shall not be included in
any determination of “Consolidated Debt”.

“Consolidated EBITDA” shall mean, for any period, the Consolidated Net Income (without
giving effect to (x) any extraordinary gains and (y) any gains or losses from sales of assets other
than inventory and equipment sold in the ordinary course of business) adjusted by (x) adding
thereto (in each case to the extent deducted in determining Consolidated Net Income for such
period), without duplication, the amount of (i) total interest expense (inclusive of amortization
of deferred financing fees and any other original issue discount) of Exide U.S. and its
Consolidated Subsidiaries determined on a consolidated basis for such period, (ii) provision for
taxes based on income and foreign withholding taxes for Exide U.S. and its Consolidated
Subsidiaries determined on a consolidated basis for such period, (iii) all depreciation and
amortization expense of Exide U.S. and its Consolidated Subsidiaries determined on a consolidated
basis for such period, (iv) any other non-cash charges incurred in such period to the extent that
same were deducted in arriving at Consolidated Net Income for such period (other than non-cash
charges incurred in connection with the accrual of pension liabilities in accordance with U.S.
GAAP), (v) the amount of all fees and expenses incurred (including prepayment premiums) in
connection with the Transaction or the incurrence of any Permitted Refinancing Indebtedness for
such period to the extent same were deducted in arriving at Consolidated Net Income for such
period, (vi) for any Test Period which includes any portion of any Fiscal Quarter ending on or
before March 31, 2007 and set forth on Schedule 11(A), an amount up to the amount set forth
opposite such Fiscal Quarter under the caption “Restructuring Charges” on Schedule 11(A), to the
extent such Restructuring Charges were actually recorded or accrued before March 31, 2007 and
during such period and were deducted in arriving at Consolidated Net Income for such period, (vii)
the amount of Restructuring Charges recorded or accrued during such period to the extent such
Restructuring Charges were deducted in arriving at Consolidated Net Income for such period, in an
aggregate amount not to exceed (I) $15,000,000 for all add-backs pursuant to this clause (vii) in
any Fiscal Year or (II) $55,000,000 for all add-backs pursuant to this clause (vii) for all periods
after March 31, 2007, provided that additional add-backs may be made pursuant to this
clause (vii) in an amount equal to the cash proceeds (net of reasonable costs) received by Exide
U.S. from any capital contribution or sale or issuance of Exide U.S. Common Stock or Qualified
Preferred Stock after the Initial Borrowing Date, to the extent that such cash proceeds were used
to pay Restructuring Charges (it being understood and agreed that in determining whether such cash
proceeds were used to pay Restructuring Charges, any such cash proceeds used to repay Revolving
Loans and Swingline Loans pending their use to pay Restructuring Charges shall be deemed to have
been used to pay Restructuring Charges for purposes of this clause (vii)), (viii) for any Test
Period which includes any portion of the Fiscal Quarter ending closest to June 30, 2006, the amount
of any loss incurred by Exide U.S. upon the termination of an Other Hedging Agreement during such
Fiscal Quarter, in an aggregate amount not to exceed $12,000,000 for all add-backs pursuant to this
clause (viii), (ix) for any period which includes any portion of Fiscal Year 2008, the amount of
any fees and/or expenses paid by Exide U.S. and/or any of its Subsidiaries to the principal
consultant for Exide U.S.’s Take Charge! efficiency and cost-reduction initiative expensed during
Fiscal Year 2008, in an aggregate amount not to exceed $10,000,000 for all add-backs pursuant to
this clause (ix) and (x) for any period which includes any portion of Fiscal Year 2009, the amount
of any fees and/or expenses paid by Exide U.S. and/or any of its Subsidiaries to the principal
consultant for Exide U.S.’s Take Charge! efficiency and cost-reduction initiative in connection
with phase II thereof, expensed during Fiscal Year 2009, in an aggregate amount not to exceed
$5,000,000 for all add-backs pursuant to this clause (x) and (y) subtracting therefrom, (i) to the
extent included in arriving at Consolidated Net Income for such period, the amount of non-cash
gains during such period and (ii) the aggregate amount of all cash payments made during such period
in connection with non-cash charges incurred in a prior period (other than cash payments made in
such period with respect to pension liabilities accrued in a prior period in accordance with U.S.
GAAP), to the extent such non-cash charges were added back pursuant to clause (x)(iv) above in a
prior period. For the avoidance of doubt, it is understood and agreed that, to the extent any
amounts are excluded from Consolidated Net Income by virtue of the proviso to the definition
thereof contained herein, any add backs to Consolidated Net Income in determining Consolidated
EBITDA as provided above shall be limited (or denied) in a fashion consistent with the proviso to
the definition of Consolidated Net Income contained herein.

“Consolidated Net Income” shall mean, for any period, the net income (or loss) of
Exide U.S. and its Consolidated Subsidiaries determined on a consolidated basis for such period
(taken as a single accounting period) in accordance with U.S. GAAP, provided that the
following items shall be excluded in computing Consolidated Net Income (without duplication): (i)
the net income (or loss) of any Person in which the Person or Persons other than Exide U.S. and its
Wholly Owned Subsidiaries has an Equity Interest or Equity Interests to the extent of such Equity
Interests held by Persons other than Exide U.S. and its Wholly-Owned Subsidiaries in such Person,
(ii) except for determinations expressly required to be made on a Pro Forma Basis,
the net income (or loss) of any Person accrued prior to the date it becomes a Consolidated
Subsidiary or all or substantially all of the property or assets of such Person are acquired by a
Consolidated Subsidiary and (iii) the net income of any Consolidated Subsidiary to the extent that
the declaration or payment of dividends or similar distributions by such Consolidated Subsidiary of
such net income is not at the time permitted by the operation of the terms of its charter or any
agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable
to such Consolidated Subsidiary.

“Consolidated Subsidiary” shall mean, with respect to any Person, at any date, any
other Person the Equity Interests of which are owned by such Person and whose financial results are
consolidated in the financial statements of such Person in accordance with U.S. GAAP (and
consistent with the consolidation practices of Exide U.S. as in effect on the Effective Date), if
such statements were prepared as of such date.

“Contingent Obligation” shall mean, as to any Person, any obligation of such Person as
a result of such Person being a general partner of any other Person, unless the underlying
obligation is expressly made non-recourse as to such general partner, and any obligation of such
Person guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other
obligations (“primary obligations”) of any other Person (the “primary obligor”) in any manner,
whether directly or indirectly, including, without limitation, any obligation of such Person,
whether or not contingent, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) to advance or supply funds (x) for the purchase or
payment of any such primary obligation or (y) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of such primary
obligation or (iv) otherwise to assure or hold harmless the holder of such primary obligation
against loss in respect thereof; provided, however, that the term Contingent
Obligation shall not include endorsements of instruments for deposit or collection in the ordinary
course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal
to the lesser of (x) the stated or determinable amount of the primary obligation in respect of
which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof (assuming such Person is required to perform thereunder)
as determined by such Person in good faith and (y) the stated amount of such Contingent Obligation.

“Continuing Directors” shall mean the directors of Exide U.S. on the Initial Borrowing
Date and each other director if such director’s election to, or nomination for the election to, the
Board of Directors of Exide U.S. is recommended or approved by a majority of then Continuing
Directors.

“Core Foreign Concentration Account” shall have the meaning provided in Section
4.03(e).

“Core U.S. Concentration Account” shall have the meaning provided in Section 4.03(e).

“Credit Account” shall have the meaning provided in Section 4.03(g).

“Credit Agreement Parties” shall mean Exide U.S., each other U.S. ABL Borrower and the
European Borrower.

“Credit Documents” shall mean this Agreement, the Notes, each Subsidiaries Guaranty,
the Intercompany Subordination Agreement, each Security Document and any other guarantees or
security documents executed and delivered for the benefit of the Lenders in accordance with the
requirements of this Agreement and any other guaranties, pledge agreements or security documents
executed and delivered in accordance with the requirements of Sections 8.11 and/or 9.13.

“Credit Event” shall mean the making of a Loan (other than a Revolving Loan made
pursuant to a Mandatory Borrowing) or the issuance of a Letter of Credit.

“Credit Party” shall mean each U.S. Credit Party and each Foreign Credit Party.

“DB Account” shall have the meaning provided in Section 4.03(f)(ii).

“DBL” shall have the meaning provided in Section 12.16.

“DBNY” shall mean Deutsche Bank AG New York Branch, in its individual capacity, and
any successor corporation thereto by merger, consolidation or otherwise.

“DBNY Account” shall have the meaning provided in Section 4.03(f)(i).

“Default” shall mean any event, act or condition, which with notice or lapse of time,
or both, would constitute an Event of Default.

“Defaulting Lender” shall mean any Lender with respect to which a Lender Default is in
effect.

“Deposit Account” shall mean any “deposit account” (as such term is defined in Article
9 of the UCC).

“Dilution” shall mean, as of any date of determination, a percentage, based upon the
experience of the immediately prior period of at least 180 consecutive days, that is the result of
dividing the U.S. Dollar amount (for this purpose, using the U.S. Dollar Equivalent of amounts not
denominated in U.S. Dollars) of (x) in the case of U.S. ABL Borrowers’ Accounts, (a) bad debt
write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to
such U.S. ABL Borrowers’ Accounts during such period, by (b) such U.S. ABL Borrowers’ billings with
respect to their Accounts during such period and (y) in the case of Foreign Borrowing Base ABL
Subsidiary Guarantors’ Accounts, (a) bad debt write-downs, discounts, advertising allowances,
credits, or other dilutive items with respect to such Foreign Borrowing Base ABL Subsidiary
Guarantors’ Accounts during such period, by (b) such Foreign Borrowing Base ABL Subsidiary
Guarantors’ billings with respect to their Accounts during such period.

“Dilution Reserve” shall mean, as of any date of determination, an amount sufficient
to reduce the advance rate against Eligible Accounts by one (1) percentage point (1.00%) for each
percentage point by which Dilution in respect of such Eligible Accounts is in excess of 5.00%.

“Discretionary Amount” shall mean $20,000,000.

“Discretionary Uses” shall mean (a) the amount of Permitted Acquisitions consummated
pursuant to Section 8.14A(a) after the Effective Date, (b) the amount of Investments made pursuant
to Section 9.05A(ii) after the Effective Date, (c) the amount of Dividends paid pursuant to Section
9.06A(ii) after the Effective Date and (d) the amount of payments, prepayments, redemptions,
repurchases and acquisitions for value made pursuant to Section 9.10A after the Effective Date. In
the event that Exide U.S. or one or more of its Subsidiaries consummates a Discretionary Use in
reliance on a basket referred to in the preceding sentence, and the Payment Conditions are
thereafter satisfied, such action shall be deemed to have been made at a time when the Payment
Conditions are satisfied, shall not be deemed to be Discretionary Uses and no portion of the
Discretionary Amount shall have been used or deemed to have been used.

“Dividend” shall have the meaning provided in Section 9.06A.

“Documents” shall mean and include (i) the Credit Documents, (ii) the Refinancing
Documents and (iii) the Existing Intercreditor Agreement.

“Domestic Subsidiary” shall mean, as to any Person, any Subsidiary of such Person
incorporated or organized in the United States or any State or territory thereof.

“Dominion Period” shall mean any period (i) commencing on the date on which the sum of
(I) Excess Availability plus (II) the aggregate amount of all collected amounts held in the
DBNY Account and the DB Account is less than $40,000,000 and (ii) ending on the first date
thereafter on which the sum of (I) Excess Availability plus (II) the aggregate amount of
all collected amounts held in the DBNY Account and the DB Account, has been equal to or greater
than $40,000,000 for 30 consecutive days; provided that if there have been more than two
Dominion Periods in the preceding four consecutive Fiscal Quarters then a Dominion Period will not
end pursuant to clause (ii) above until such time as there shall have been two or fewer Dominion
Periods in the preceding four consecutive Fiscal Quarter periods.

“Drawing” shall have the meaning provided in Section 2.05(b).

“Dutch Financial Supervision Act” shall mean the Financial Supervision Act (Wet op Het
Financieel Toezicht) as amended from time to time.

“Effective Date” shall have the meaning provided in Section 13.10.

“EH International” shall mean EH International, LLC, a limited liability company
organized under the laws of the State of Delaware.

“Eligible Accounts” shall mean those Accounts created by one of the U.S. ABL Borrowers
or Foreign Borrowing Base ABL Subsidiary Guarantors in the ordinary course of its business, that
arise out of its sale of goods or rendition of services, that comply with each of the
representations and warranties respecting Eligible Accounts made in the Credit Documents, and that
are not excluded as ineligible by virtue of one or more of the excluding criteria set forth below.
In determining the amount to be included, Eligible Accounts shall be calculated net of customer
deposits, unapplied cash, returns, rebates, discounts, credits, allowances or sales or excise
taxes. Eligible Accounts shall not include the following:

(a) Accounts that the Account Debtor has failed to pay within 120 days of original
invoice date or more than 60 days after the original due date,

(b) Accounts owed by an Account Debtor (or its Affiliates) where 50% or more of the
total amount of all Accounts owed by that Account Debtor (or its Affiliates) are deemed
ineligible hereunder,

(c) Accounts with respect to which the Account Debtor is (i) an Affiliate of any U.S.
ABL Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor or (ii) an employee or agent
of any U.S. ABL Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor or any Affiliate
of such U.S. ABL Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor,

(d) Accounts with respect to which the sale to the Account Debtor is on a
bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other
repurchase or return basis or is evidenced by chattel paper,

(e) Accounts that are not payable in U.S. Dollars; provided that Accounts created by a
Foreign Borrowing Base ABL Subsidiary Guarantor may also be payable in Euros, Sterling,
Australian Dollars, New Zealand Dollars and/or Canadian Dollars,

(f) Accounts with respect to which the Account Debtor is not a Governmental Authority
unless: (i) the address of the Account Debtor listed on the Account is located in an
Applicable Eligible Jurisdiction and (x) the Account Debtor either (A) maintains its Chief
Executive Office in an Applicable Eligible Jurisdiction, (B) is organized under the laws of
an Applicable Eligible Jurisdiction or any state, territory, province or subdivision
thereof, or (C) is resident or situated in an Applicable Eligible Jurisdiction and (y) Exide
U.S. in good faith believes that the Accounts of such Account Debtor included pursuant to
this clause (i) are not subject to the laws of a jurisdiction that is not an Applicable
Eligible Jurisdiction which could diminish the amount recovered with respect to such
Accounts (such as, for example, but not limited to, reductions as a result or retention of
title issues, priority claims, etc.), (ii) Accounts of Foreign Borrowing Base ABL Subsidiary
Guarantors where the Account Debtor is reasonably acceptable to the Administrative Agent in
its Permitted Discretion, in an aggregate amount not to exceed $4,000,000; or (iii) (A) the
Account is supported by an irrevocable letter of credit reasonably satisfactory to the
Administrative Agent and the Collateral Agent in its respective Permitted Discretion (as to
form, substance, and issuer or domestic confirming bank), or (B) the Account is covered by
credit insurance in form, substance, and amount, and by an insurer, reasonably satisfactory
to the Administrative Agent and the Collateral Agent, in their respective Permitted
Discretion,

(g) Accounts with respect to which the Account Debtor is a Governmental Authority
(other than Accounts with respect to which the Account Debtor is a U.S. Governmental
Authority and the applicable U.S. ABL Borrower has complied, to the reasonable satisfaction
of the Administrative Agent, with the Assignment of Claims Act, 31 USC § 3727), unless (i)
the Account is supported by an irrevocable letter of credit reasonably satisfactory to the
Administrative Agent and the Collateral Agent, in their respective Permitted Discretion (as
to form, substance, and issuer or domestic confirming bank), (ii) the Account is covered by
credit insurance in form, substance, and amount, and by an insurer, reasonably satisfactory
to the Administrative Agent and the Collateral Agent, in their respective Permitted
Discretion, or (iii) Accounts in an aggregate amount not to exceed $4,000,000 with respect
to which the Account Debtor is a U.S. Governmental Authority if Excess Availability
(determined without regard to any Accounts otherwise included therein pursuant to this
clause (iii)) is greater than $50,000,000 at such time,

(h) Accounts with respect to which the Account Debtor (i) is a creditor of any U.S. ABL
Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor, (ii) has or has asserted a
right of setoff, or (iii) has disputed its obligation to pay all or any portion of the
Account, in each case to the extent of such claim, right of setoff, or dispute or the
Account is contingent in any respect or for any reason (the amount of each such offset
includes, but is not limited to, tolling liability, which is represented by the value of
materials that are owned by any Account Debtor but that are in the possession of a U.S. ABL
Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor for the purpose of being tolled
into finished goods for an Account Debtor),

(i) Accounts with respect to an Account Debtor whose total obligations owing to one or
more U.S. ABL Borrowers or Foreign Borrowing Base ABL Subsidiary Guarantors exceed 12% of
all Eligible Accounts, to the extent of the obligations owing by such Account Debtor in
excess of such percentage; provided, however, that, in each case, the amount of Eligible
Accounts that are excluded because they exceed the foregoing percentage shall be determined
by Administrative Agent or the Collateral Agent based on all of the otherwise Eligible
Accounts prior to giving effect to any eliminations based upon the foregoing concentration
limit,

(j) Accounts with respect to which the Account Debtor shall (i) apply for, suffer, or
consent to the appointment of, or the taking of possession by, a receiver, custodian,
trustee or liquidator of itself or of all or a substantial part of its property or call a
meeting of its creditors, (ii) admit in writing its inability, or be generally unable, to
pay its debts as they become due or cease operations of its present business, (iii) make a
general assignment for the benefit of creditors, (iv) commence a voluntary case under any
state or federal bankruptcy laws (as now or hereafter in effect), (v) be adjudicated a
bankrupt or insolvent, (vi) file a petition seeking to take advantage of any other law
providing for the relief of debtors, (vii) acquiesce to, or fail to have dismissed, any
petition which is filed against it in any involuntary case under such bankruptcy laws, or
(viii) take any action for the purpose of effecting any of the foregoing,

(k) Accounts that are not subject to a valid and perfected first priority Lien in favor
of the Collateral Agent pursuant to the relevant Security Document and no other Lien (other
than junior Liens permitted pursuant to Section 9.03A),

(l) Accounts with respect to which (i) the goods giving rise to such Account have not
been shipped to the Account Debtor or the goods have been shipped to the Account Debtor with
shipping terms of FOB destination and the goods have not been received by the Account
Debtor, (ii) the services giving rise to such Account have not been performed by the
applicable U.S. ABL Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor and its
Subsidiaries or (iii) the Account otherwise does not represent a final sale,

(m) Accounts that represent the right to receive progress payments or other advance
billings that are due prior to the completion of performance by the applicable U.S. ABL
Borrower or Foreign Borrowing Base ABL Subsidiary Guarantor and its respective Affiliates of
the subject contract for goods or services,

(n) Accounts with respect to which the applicable U.S. ABL Borrower or Foreign
Borrowing Base ABL Subsidiary Guarantor has made any agreement with any Account Debtor for
any deduction therefrom (but only to the extent of such deductions from time to time),
except for discounts or allowances made in the ordinary course of business for prompt
payment and except for volume discounts, all of which discounts or allowances are reflected
in the calculation of the face value of each respective invoice related thereto and except
for returns, rebates or credits reflected in the calculation of the face value of each such
amount,

(o) Accounts with respect to which any return, rejection or repossession of the
applicable merchandise has occurred or the rendition of services has been disputed,

(p) any Account that is not payable to a U.S. ABL Borrower or Foreign Borrowing Base
ABL Subsidiary Guarantor,

(q) any Account that has not been invoiced,

(r) with respect to Accounts of the Foreign Borrowing Base ABL Subsidiary Guarantors,
Accounts with respect to which the agreement evidencing such Accounts are not governed by
the laws of Australia, Canada, England or New Zealand or any state in the United States, or
the laws of such other jurisdictions acceptable to the Administrative Agent and the
Collateral Agent in their Permitted Discretion, or

(s) Accounts for which credit insurance has been requested and denied.

“Eligible Foreign Accounts” shall mean the Eligible Accounts owned by any Foreign
Borrowing Base ABL Subsidiary Guarantors.

“Eligible Foreign Inventory” shall mean the Eligible Inventory owned by the Specified
Foreign Borrowing Base ABL Subsidiary Guarantors.

“Eligible Inventory” shall mean Inventory of the U.S. ABL Borrowers and the Specified
Foreign Borrowing Base ABL Subsidiary Guarantors consisting of first quality goods, including raw
materials and work in progress, of a type held for sale in the ordinary course of the respective
U.S. ABL Borrowers’ or Specified Foreign Borrowing Base ABL Subsidiary Guarantor’s business, that
complies with each of the representations and warranties respecting Eligible Inventory made in the
Credit Documents, and that is not excluded as ineligible by virtue of one or more of the excluding
criteria set forth below. In determining the amount to be so included, Inventory shall be valued
at the lower of cost or market on a basis consistent with the respective U.S. ABL Borrowers’ or
Specified Foreign Borrowing Base ABL Subsidiary Guarantor’s, historical accounting practices. An
item of Inventory shall not be included in Eligible Inventory if:

(a) a U.S. ABL Borrower or Specified Foreign Borrowing Base ABL Subsidiary Guarantor does not
have good, valid, and marketable title thereto,

(b) it is not located at one of the locations in the continental United States or
Canada set forth on Schedule IV, as same may be modified from time to time to the extent
promptly notified to the Administrative Agent and the Collateral Agent,

(c) it is located on real property leased by a U.S. ABL Borrower or Specified Foreign
Borrowing Base ABL Subsidiary Guarantor or in a contract warehouse, in each case, unless (i)
it is subject to a Collateral Access Agreement executed by the lessor or warehouseman, as
the case may be, and unless it is segregated or otherwise separately identifiable from goods
of others, if any, stored on the premises; provided that to the extent a Collateral
Access Agreement has not been obtained with respect to Inventory located on any such
property on or prior to the Initial Borrowing Date, such Inventory shall not be deemed
ineligible pursuant to this clause (c)(i) so long as the relevant Collateral Access
Agreement is obtained on or prior to the 90th day after the Initial Borrowing Date (or such
later date as may be agreed to by the Administrative Agent), (ii) a Rent Reserve has been
taken against such Inventory in the Administrative Agent’s or the Collateral Agent’s
Permitted Discretion or (iii) the aggregate U.S. Dollar Equivalent of the amount of all
Inventory of the U.S. ABL Borrowers and Specified Foreign Borrowing Base ABL Subsidiary
Guarantors located at such location does not exceed $250,000,

(d) it is not subject to a valid and perfected first priority Lien in favor of the
Collateral Agent pursuant to the relevant Security Document,

(e) it consists of goods that are obsolete or slow moving, restrictive or custom items,
or goods that constitute spare parts, packaging and shipping materials, supplies used or
consumed in a U.S. ABL Borrower’s or Specified Foreign Borrowing Base ABL Subsidiary
Guarantor’s business, bill and hold goods, defective or unusable goods, or Inventory
acquired on consignment,

(f) it is not owned by such U.S. ABL Borrower or Specified Foreign Borrowing Base ABL
Subsidiary Guarantor free and clear of all Liens and rights of any other Person (including
the rights of a purchaser that has made progress payments and the rights of a surety that
has issued a bond to assure such U.S. ABL Borrower’s or Specified Foreign Borrowing Base ABL
Subsidiary Guarantor’s performance with respect to that Inventory), except the Liens created
pursuant to the Security Documents and other Liens permitted pursuant to Section 9.03A,

(g) it is in transit unless such otherwise Eligible Inventory is in transit from
(A) (1) a location in an Applicable Eligible Jurisdiction owned or, subject to the
restrictions set forth in clause (c) above, leased by a Credit Party or (2) a location in an
Applicable Eligible Jurisdiction identified on Schedule IV (as such Schedule may be updated
from time to time as promptly notified to the Administrative Agent and the Collateral Agent)
to (B) (1) a location in an Applicable Eligible Jurisdiction owned or, subject to the
restrictions set forth in clause (c) above, leased by a Credit Party or (2) a location in an
Applicable Eligible Jurisdiction identified on Schedule IV (as such Schedule may be updated
from time to time as promptly notified to the Administrative Agent and the Collateral
Agent),

(h) it is covered by a negotiable document of title, unless such document has been
delivered to Administrative Agent or the Collateral Agent with all necessary endorsements,
free and clear of all Liens except those created pursuant to the Security Documents,

(i) it consists of any costs associated with “freight-in” charges,

(j) it consists of any gross profit mark-up in connection with the sale and
distribution thereof to any division of any U.S. ABL Borrower or Specified Foreign Borrowing
Base ABL Subsidiary Guarantor or to any Affiliate of such U.S. ABL Borrower or Specified
Foreign Borrowing Base ABL Subsidiary Guarantor, but only to such extent of the gross profit
mark-up,

(k) it consists of Hazardous Materials or goods that in either case can be transported
or sold only with licenses that have not been obtained or are not otherwise readily
available (unless otherwise deemed to be Eligible Inventory by Administrative Agent and the
Collateral Agent in their respective Permitted Discretion),

(l) it is not covered by casualty insurance as required by terms of this Agreement, or

(m) it was produced in violation of the Fair Labor Standards Act and subject to the
“hot goods” provision contained in Title 29 U.S.C. §215(a)(1), to the extent applicable.

“Eligible Transferee” shall mean and include a commercial bank, a mutual fund, an
insurance company, a financial institution, a “qualified institutional buyer” (as defined in Rule
144A of the Securities Act), any fund that regularly invests in bank loans or any other “accredited
investor” (as defined in Regulation D of the Securities Act), but in any event excluding any
individual and Exide U.S. and its Subsidiaries and Affiliates (determined without regard to the
proviso to the definition thereof); provided, that to be an Eligible Transferee hereunder
with respect to any assignment of Revolving Loan Commitments (and related outstanding Obligations
hereunder), European Borrower U.S. Dollar Term Loans and/or European Borrower Euro Term Loans, in
any such case, in an aggregate principal amount of less than €50,000 (for this purpose, using the
U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars) the respective assignee must
qualify as a professional market party under the Dutch Financial Supervision Act.

“Eligible U.S. Accounts” shall mean the Eligible Accounts owned by the U.S. ABL
Borrowers.

“Eligible U.S. Inventory” shall mean the Eligible Inventory owned by the U.S. ABL
Borrowers.

“End Date” shall have the meaning provided in the definition of Applicable Margin.

“Environmental Claims” shall mean any and all administrative, regulatory or judicial
actions, suits, demands, demand letters, claims, liens, written notices of non-compliance or
violation, investigations or proceedings relating in any way to any violation (or alleged
violation) by Exide U.S. or any of its Subsidiaries under any Environmental Law or any permit
issued to Exide U.S. or any of its Subsidiaries under any such law (hereafter “Claims”),
including, without limitation, (a) any and all Claims by governmental or regulatory authorities for
enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any
applicable Environmental Law, and (b) any and all Claims by any third party seeking damages,
contribution, indemnification, cost recovery, compensation or injunctive relief resulting from
Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the
environment.

“Environmental Law” shall mean any federal, state or local policy having the force and
effect of law, statute, law, rule, regulation, ordinance, code or rule of common law now or
hereafter in effect and in each case as amended, and any judicial or administrative interpretation
thereof, including any legally-binding judicial or administrative order, consent, decree or
judgment (for purposes of this definition (collectively, “Laws”)), relating to pollution or
protection of the environment, or Hazardous Materials or health and safety to the extent such
health and safety issues arise under the Occupational Safety and Health Act of 1970, as amended, or
any such similar Laws.

“Equipment” shall mean “equipment” (as such term is defined in Article 9 of the UCC)
and includes machinery, machine tools, motors, furniture, furnishings, fixtures, vehicles
(including motor vehicles), computer hardware, tools, parts, and goods (other than consumer goods,
farm products, or Inventory), wherever located, including all attachments, accessories, accessions,
replacements, substitutions, additions, and improvements to any of the foregoing.

“Equity Interests” of any Person shall mean any and all shares, interests, rights to
purchase, warrants, options, participation or other equivalents of or interest in (however
designated) equity of such Person, including any preferred stock, any limited or general
partnership interest and any limited liability company membership interest.

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the regulations promulgated and rulings issued thereunder. Section
references to ERISA are to ERISA, as in effect at the date of this Agreement and any subsequent
provisions of ERISA, amendatory thereof, supplemental thereto or substituted therefor.

“ERISA Affiliate” shall mean each person (as defined in Section 3(9) of ERISA) which
together with Exide U.S. or a Subsidiary of Exide U.S. would be deemed to be a “single employer”
(i) within the meaning of Section 414(b), (c), (m) or (o) of the Code or (ii) as a result of Exide
U.S. or a Subsidiary of Exide U.S. being or having been a general partner of such Person.

“Euro Denominated Letter of Credit” shall mean each Letter of Credit denominated in
Euros.

“Euro Denominated Letter of Credit Outstandings” shall mean, at any time, the sum of
(i) the aggregate Stated Amount of all outstanding Euro Denominated Letters of Credit at such time
and (ii) the aggregate amount of all Unpaid Drawings with respect to Euro Denominated Letters of
Credit at such time.

“Euro Denominated Loan” shall mean all Loans denominated in Euros, including all Euro
Denominated Term Loans, Euro Denominated Revolving Loans and all Euro Denominated Swingline Loans.

“Euro Denominated Revolving Loan” shall mean each Revolving Loan denominated in Euros
at the time of the incurrence thereof.

“Euro Denominated Swingline Loan” shall mean each Swingline Loan denominated in Euros
at the time of the incurrence thereof.

“Euro Denominated Term Loan” shall mean each European Borrower Euro Term Loan.

“Euro Equivalent” shall mean, at any time for the determination thereof, the amount of
Euros which could be purchased with the amount of U.S. Dollars involved in such computation at the
spot rate of exchange therefor as quoted by the Administrative Agent as of 11:00 A.M. (New York
time) on the date two Business Days prior to the date of any determination thereof for purchase on
such date with respect to Euro Denominated Revolving Loans and on the date of any determination
thereof for purchase on such date with respect to Euro Denominated Swingline Loans (or, in the case
of any determination pursuant to Section 1.14 or 13.22 of this Agreement or Section 26 (or any
analogous provision) of any Subsidiaries Guaranty, on the date of determination).

“Euro LIBOR” shall mean, with respect to each Borrowing of Euro Denominated Revolving
Loans, (i) the rate per annum for deposits in Euros as determined by the Administrative Agent for a
period corresponding to the duration of the relevant Interest Period which appears on Reuters Page
EURIBOR-01 (or any successor page) at approximately 11:00 A.M. (Brussels time) on the date which is
two Business Days prior to the commencement of such Interest Period or (ii) if such rate is not
shown on Reuters Page EURIBOR-01 (or any successor page), the average offered quotation to prime
banks in the Euro-zone interbank market by the Administrative Agent for Euro deposits of amounts
comparable to the principal amount of the Euro Denominated Loan to be made by the Administrative
Agent as part of such Borrowing (or, if the Administrative Agent is not a Lender with respect
thereto, taking the average principal amount of the Euro Denominated Loan then being made by the
various Lenders) with maturities comparable to the Interest Period to be applicable to such Loan
(rounded upward to the next whole multiple of 1/16 of 1%), determined as of 11:00 A.M. (Brussels
time) on the date which is two Business Days prior to the commencement of such Interest Period;
provided that in the event the Administrative Agent has made any determination pursuant to
Section 1.10(a)(i) in respect of Loans denominated in Euros, or in the circumstances described in
clause (i) to the proviso to Section 1.10(b) in respect of Loans denominated in Euros, Euro LIBOR
determined pursuant to this definition shall instead be the rate determined by the Administrative
Agent as the all-in-cost of funds for the Administrative Agent (or such other Lender) to fund a
Borrowing of Loans denominated in Euros with maturities comparable to the Interest Period
applicable thereto.

“Euro Rate” shall mean and include each of the Eurodollar Rate, Euro LIBOR and the
Overnight Euro Rate.

“Euro Rate Loan” shall mean each Eurodollar Loan and each Euro Denominated Loan.

“Eurodollar Loans” shall mean each U.S. Dollar Denominated Loan (excluding Swingline
Loans) designated as such by the respective Borrower or Borrowers at the time of the incurrence
thereof or conversion thereto.

“Eurodollar Rate” shall mean, for any Interest Period, in the case of any U.S. Dollar
Denominated Loan, (i) the arithmetic average (rounded upwards to the nearest 1/16 of 1%) of the
offered quotation to first class banks in the interbank Eurodollar market by DBNY for U.S. Dollar
deposits of amounts in immediately available funds comparable to the principal amount of the
applicable Eurodollar Loan then being made by the Administrative Agent as part of the relevant
Borrowing (or, if the Administrative Agent is not a Lender with respect thereto, taking the average
principal amount of the Eurodollar Loan then being made by the various Lenders pursuant thereto)
for which the Eurodollar Rate is being determined with maturities comparable to the Interest Period
for which such Eurodollar Rate will apply, as of approximately 10:00 A.M. (New York time) on the
Interest Determination Date divided by (ii) a percentage equal to 100% minus the then stated
maximum rate of all reserve requirements (including, without limitation, any marginal, emergency,
supplemental, special or other reserves) applicable to any member bank of the Federal Reserve
System in respect of Eurocurrency liabilities as defined in Regulation D (or any successor category
of liabilities under Regulation D). The determination of the Eurodollar Rate by the Administrative
Agent shall be conclusive and binding on the Borrowers absent demonstrable error.

“European ABL Holdcos” shall mean Exide Technologies (Transportation) Limited, a
company organized under the laws of England and Euro Exide Corporation Limited, a company organized
under the laws of England; provided that, to the extent acceptable to the Administrative
Agent in its sole discretion, Exide U.S. may designate another Wholly-Owned Foreign Subsidiary as a
European ABL Holdco.

“European Borrower” shall have the meaning provided in the first paragraph of this
Agreement.

“European Borrower Euro Term Loan” shall have the meaning provided in Section 1.01(c).

“European Borrower Euro Term Loan Commitment” shall mean, with respect to each Lender,
the amount set forth opposite such Lender’s name in Schedule I directly below the column entitled
“European Borrower Euro Term Loan Commitment”, as the same may be terminated pursuant to
Sections 3.03 and/or 10.

“European Borrower Euro Term Note” shall have the meaning provided in Section 1.05(a).

“European Borrower Letter of Credit” shall mean each Letter of Credit (which may be
denominated in U.S. Dollars or Euros) issued for the account of the European Borrower pursuant to
Section 2.01 and designated as such by the European Borrower in the respective Letter of Credit
Request.

“European Borrower Letter of Credit Outstandings” shall mean, at any time, the sum of
(i) the aggregate Stated Amount of all outstanding European Borrower Letters of Credit and (ii) the
aggregate amount of all Unpaid Drawings (taking the U.S. Dollar Equivalent of all amounts payable
in Euros) in respect of all European Borrower Letters of Credit.

“European Borrower Obligations” shall mean all Obligations owing to the Administrative
Agent, the Collateral Agent, any Issuing Lender or any Lender by the European Borrower.

“European Borrower Revolving Loans” shall have the meaning provided in Section 1.01(d)
and shall include all Agent Advances made to the European Borrower.

“European Borrower Revolving Note” shall have the meaning provided in Section 1.05(a).

“European Borrower Swingline Loan” shall have the meaning provided in Section 1.01(e)
and shall include all Agent Advances made to the European Borrower.

“European Borrower Swingline Note” shall have the meaning provided in Section 1.05(a).

“European Borrower Term Loans” shall mean the European Borrower U.S. Dollar Term Loans
and the European Borrower Euro Term Loans.

“European Borrower U.S. Dollar Term Loan” shall mean have the meaning provided in
Section 1.01(b).

“European Borrower U.S. Dollar Term Loan Commitment” shall mean, with respect to each
Lender, the amount set forth opposite such Lender’s name in Schedule I directly below the column
entitled “European Borrower U.S. Dollar Term Loan Commitment”, as the same may be
terminated pursuant to Sections 3.03 and/or 10.

“European Borrower U.S. Dollar Term Note” shall have the meaning provided in Section
1.05(a).

“Euros” and the designation “€” shall mean the currency introduced on January 1, 1999
at the start of the third stage of European economic and monetary union pursuant to the Treaty
(expressed in euros).

“Event of Default” shall have the meaning provided in Section 10.

“Excess Availability” shall mean, at any time, the amount by which the least of (A)
the Total ABL Commitment at such time, (B) the Total Borrowing Base at such time (as determined
pursuant to the Borrowing Base Certificate most recently delivered) and (C) the maximum principal
amount of Loans that may be incurred in accordance with, and without violating the provisions of,
the Senior Secured Notes Indenture (including, without limitation, Section 4.08 thereof) or any
applicable Permitted Refinancing Test (based on the Senior Secured Notes Cap Certificate last
delivered) exceeds (y) the Aggregate RL Facility Exposure at such time.

“Excess Cash Flow” shall mean, for any Excess Cash Flow Payment Period, the remainder
of (a) the sum (without duplication) of (i) the “net cash provided by operating activities” as
shown on Exide U.S.’s “Consolidated Statement of Cash Flows” as delivered with its
financial statements for the relevant Excess Cash Flow Payment Period pursuant to Section 8.01(c)
and (ii) any return of capital during such period in respect of Investments previously made, or
deemed made, by Exide U.S. and its Subsidiaries in Persons that are not Subsidiaries of Exide U.S.
pursuant to Sections 9.05A(ii) or 9.05B(ii), minus (b) the sum of (i) the amount of Capital
Expenditures made by Exide U.S. and its Subsidiaries on a consolidated basis during such period to
the extent otherwise permitted under this Agreement (other than Capital Expenditures to the extent
financed with equity proceeds, Equity Interests, asset sale proceeds, insurance proceeds or
Indebtedness (other than with Revolving Loans or Swingline Loans)), (ii) the aggregate amount (on a
consolidated basis) of permanent principal payments of Indebtedness for borrowed money of Exide
U.S. and its Subsidiaries and the permanent repayment of the principal component of Capitalized
Lease Obligations of Exide U.S. and its Subsidiaries (excluding (1) repayments made pursuant to the
Refinancing, (2) repayments with proceeds of asset sales or insurance, (3) payments with the
proceeds of Indebtedness or equity and (4) payments of Loans or other Obligations, provided
that repayments of Loans shall only be deducted in determining Excess Cash Flow if such repayments
were (x) required as a result of a Scheduled Repayment under Section 4.02(b) or (y) made as a
voluntary prepayment pursuant to Section 4.01 with internally generated funds (but in the case of a
voluntary prepayment of Revolving Loans or Swingline Loans, only to the extent accompanied by a
voluntary reduction to the Total Revolving Loan Commitment in an amount equal to such repayment))
during such period, (iii) cash Investments made during such period by Exide U.S. and its
Subsidiaries in Persons that are not Subsidiaries of Exide U.S. pursuant to Sections 9.05A(ii) or
9.05B(ii) and (iv) without duplication of amounts deducted in the preceding clauses (b)(i), (ii)
and (iii), the amount of cash expended in respect of Permitted Acquisitions during such period,
except to the extent financed with equity proceeds, asset sale proceeds, insurance proceeds or
Indebtedness.

“Excess Cash Flow Payment Period” shall mean, with respect to any Excess Cash Payment
Date, the immediately preceding Fiscal Year of Exide U.S.

“Excess Cash Payment Date” shall mean the date occurring 95 days after the last day of
a Fiscal Year of Exide U.S. (commencing with the Fiscal Year of Exide U.S. ended closest to March
31, 2008).

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

“Exchange Existing Notes” shall mean the Exchange Senior Secured Notes and the
Exchange Senior Subordinated Notes.

“Exchange Senior Secured Notes” shall mean senior notes issued by Exide U.S. pursuant
to a registered exchange offer or private exchange offer for the Senior Secured Notes pursuant to
the Senior Secured Notes Indenture, which senior notes are substantially identical securities to
the Senior Secured Notes. In no event will the issuance of any Exchange Senior Secured Notes
increase the aggregate principal amount of the Senior Secured Notes then outstanding or otherwise
result in an increase in the interest rate applicable to such Senior Secured Notes.

“Exchange Senior Subordinated Convertible Notes” shall mean senior notes issued by
Exide U.S. pursuant to a registered exchange offer or private exchange offer for the Senior
Subordinated Convertible Notes pursuant to the Senior Subordinated Convertible Notes Indenture,
which senior notes are substantially identical securities to the Senior Subordinated Convertible
Notes. In no event will the issuance of any Exchange Senior Subordinated Convertible Notes
increase the aggregate principal amount of the Senior Subordinated Convertible Notes then
outstanding or otherwise result in an increase in the interest rate applicable to such Senior
Subordinated Convertible Notes.

“Exempted Deposit Account” shall mean a Deposit Account the balance of which consists
exclusively of (A) withheld income taxes and federal, state, local or foreign employment taxes in
such amounts as are required in the reasonable judgment of any Borrower to be paid to the Internal
Revenue Service or any other U.S. federal, state or local or foreign government agencies within the
following two months with respect to employees of any of the Credit Parties and (B) amounts
required to be paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 or any
Foreign Pension Plan on behalf of or for the benefit of employees of one or more Credit Parties.

“Exempted Disbursement Account” shall mean a U.S. Disbursement Account designated as
an “Exempted Disbursement Account” on Part C of Schedule 9.15 from time to time.

“Exide B.V.” shall mean Exide Holding Netherlands B.V.

“Exide Italia” shall mean Exide Italia S.R.L.

“Exide U.S.” shall have the meaning provided in the first paragraph of this Agreement.

“Exide U.S. Common Stock” shall have the meaning provided in Section 7.12(a).

“Existing Credit Agreement” shall mean the Credit Agreement, dated as of May 5, 2004,
among Exide U.S., the European Borrower, the lenders party thereto, Credit Suisse First Boston and
Fleet Securities, Inc., as Syndication Agents, Credit Suisse First Boston, as Book Running Manager,
Deutsche Bank Securities Inc., as Sole Lead Arranger and Book Running Manager, and DBNY, as
Administrative Agent, as in effect on the Effective Date (immediately prior to the occurrence
thereof).

“Existing Indebtedness Agreements” shall mean all agreements evidencing or relating to
any Scheduled Existing Indebtedness of Exide U.S. or any of its Subsidiaries.

“Existing Intercreditor Agreement” shall mean the Intercreditor Agreement, dated as of
March 18, 2005, among Exide U.S., DBNY, SunTrust Bank and the PBGC, as in effect on the Effective
Date and as the same may be amended, modified and/or supplemented from time to time in accordance
with the terms hereof and thereof.

“Existing Letters of Credit” shall have the meaning provided in Section 2.01(c).

“Existing Notes” shall mean the Senior Secured Notes and the Senior Subordinated
Convertible Notes.

“Existing Notes Documents” shall mean the Senior Secured Notes Documents and the
Senior Subordinated Convertible Notes Documents.

“Existing Notes Indentures” shall mean the Senior Secured Notes Indenture and the
Senior Subordinated Convertible Notes Indenture.

“Expenses” shall mean all present and future reasonable and invoiced expenses incurred
by or on behalf of any Agent, or any Issuing Lender in connection with this Agreement, any other
Credit Document or otherwise in its capacity as a Agent under this Agreement or under any Security
Document or as an Issuing Lender under this Agreement, whether incurred heretofore or hereafter,
which expenses shall include, without limitation, the cost of record searches, the reasonable fees
and expenses of attorneys and paralegals, all reasonable and invoiced costs and expenses incurred
by any Agent in opening bank accounts, depositing checks, electronically or otherwise receiving and
transferring funds, and any other charges imposed on any Agent due to insufficient funds of
deposited checks and the standard fee of any Agent relating thereto, reasonable collateral
examination fees and expenses, reasonable fees and expenses of accountants, appraisers or other
consultants, experts or advisors employed or retained by any Agent, fees and taxes related to the
filing of financing statements, reasonable costs of preparing and recording any other Credit
Documents, all expenses, costs and fees set forth in this Agreement and the other Credit Documents,
all other fees and expenses required to be paid pursuant to any other letter agreement and all
reasonable fees and expenses incurred in connection with releasing Collateral and the amendment or
termination of any of the Credit Documents.

“Facing Fee” shall have the meaning provided in Section 3.01(c).

“Fair Market Value” shall mean, with respect to any asset, the price at which a
willing buyer, not an Affiliate of the seller, and a willing seller who does not have to sell,
would agree to purchase and sell such asset, as determined in good faith by the board of directors
or other governing body or, pursuant to a specific delegation of authority by such board of
directors or governing body, a designated senior executive officer, of Exide U.S., or the
Subsidiary of Exide U.S. selling such asset.

“Factoring Agreement” shall mean an agreement, in form and substance reasonably
satisfactory to the Administrative Agent, pursuant to which certain Foreign Subsidiaries of Exide
U.S. that are not Foreign Borrowing Base ABL Subsidiary Guarantors shall sell certain receivables
to an unrelated third party.

“Federal Funds Rate” shall mean, for any period, a fluctuating interest rate equal for
each day during such period to the weighted average of the rates on overnight Federal Funds
transactions with members of the Federal Reserve System arranged by Federal Funds brokers, as
published for such day (or, if such day is not a Business Day, for the next preceding Business Day)
by the Federal Reserve Lender of New York, or, if such rate is not so published for any day which
is a Business Day, the average of the quotations for such day on such transactions received by the
Administrative Agent from three Federal Funds brokers of recognized standing selected by the
Administrative Agent.

“Fees” shall mean all amounts payable pursuant to, or referred to in, Section 3.01.

“Fiscal Quarter” shall mean for any Fiscal Year of Exide U.S. and its Subsidiaries,
the fiscal quarters ending on, each of June 30, September 30, December 31 and March 31.

“Fiscal Year” shall mean the fiscal year of Exide U.S. ending on March 31 of each
calendar year. For purposes of this Agreement, any particular Fiscal Year shall be designated by
reference to the calendar year in which such Fiscal Year ends (e.g., Fiscal Year 2007 shall be the
fiscal year of the U.S. Borrower ended March 31, 2007).

“Fixed Charge Coverage Ratio” shall mean, for any period, the ratio of (a)
Consolidated EBITDA for such period to (b) Fixed Charges for such period.

“Fixed Charges” shall mean, for any period, the sum of (i) interest expense of Exide
U.S. and its Consolidated Subsidiaries on a consolidated basis with respect to such period (for
this purpose, excluding deferred financing fees and costs in connection with the Transaction and
the incurrence of any Permitted Refinancing Indebtedness, and that portion of interest expense
which is capitalized and/or paid-in-kind through the issuance of Indebtedness in the same form as
the Indebtedness with respect to which such interest is required to be paid in accordance with the
terms thereof, and so long as such interest shall not be paid in cash (until the maturity of the
respective Indebtedness and so long as same does not occur in such period), non-cash deferred
financing fees and amortization of premiums paid in respect of the repayment or prepayment of
Indebtedness), (ii) the scheduled principal amount of all amortization payments on all Indebtedness
of Exide U.S. and its Consolidated Subsidiaries for such period (including the principal component
of all Capitalized Lease Obligations but excluding payments pursuant to the Refinancing) as
determined on the first day of such period (or, with respect to a given issue of Indebtedness
incurred thereafter, on the date of the incurrence thereof) and (iii) the aggregate amount of all
cash Dividends (including stock repurchases) paid by Exide U.S. for such period.

“Foreign ABL Credit Party” shall mean the European Borrower, each Foreign ABL
Subsidiary Guarantor and each Foreign Joint Subsidiary Guarantor.

“Foreign ABL Subsidiaries Guaranty” shall have the meaning provided in
Section 5.09(b).

“Foreign ABL Subsidiary Guarantor” shall mean each Wholly-Owned Foreign Subsidiary (in
any event excluding the Foreign Joint Credit Parties) organized under the laws of a Qualified ABL
Jurisdiction that executes and delivers a Foreign ABL Subsidiaries Guaranty, unless and until such
time as the respective Foreign ABL Subsidiary Guarantor ceases to constitute a Foreign ABL
Subsidiary Guarantor or is released from its obligations under its Foreign ABL Subsidiaries
Guaranty in accordance with the terms and provisions thereof.

“Foreign Borrowing Base” shall mean with respect to the European Borrower, as of any
date of determination, the result of, in each case using the U.S. Dollar Equivalent of all amounts
not denominated in U.S. Dollars:

(a) 85% of the amount of Eligible Foreign Accounts of the Foreign Borrowing Base ABL
Subsidiary Guarantors, plus

(b) 85% times the then extant Net Orderly Liquidation Value of the Specified Foreign
Borrowing Base ABL Subsidiary Guarantors’ Eligible Foreign Inventory, minus

(c) the aggregate amount of reserves, if any, established by the Administrative Agent
or the Collateral Agent under Section 1.01(g) with respect to the Foreign Borrowing Base of
such Foreign Borrowing Base ABL Subsidiary Guarantors.

provided, that the Foreign Borrowing Base attributable to the Foreign Borrowing Base ABL
Subsidiary Guarantors (other than the Specified Foreign Borrowing Base ABL Subsidiary Guarantors)
shall at no time exceed $40,000,000.

“Foreign Borrowing Base ABL Subsidiary Guarantor” shall mean each Foreign ABL
Subsidiary Guarantor located in Australia, Canada, New Zealand or the United Kingdom.

“Foreign Collection Account” shall mean each account established at a Foreign
Collection Bank and subject to a Cash Management Control Agreement into which funds shall be
transferred as provided in Section 4.03(d).

“Foreign Collection Banks” shall have the meaning provided in Section 4.03(c).

“Foreign Credit Party” shall mean EH International (even though a Delaware limited
liability company), the European Borrower and each Foreign Subsidiary Guarantor.

“Foreign Credit Party Pledge Agreement” shall have the meaning provided in Section
5.10(b).

“Foreign Disbursement Account” shall mean each checking and/or disbursement account of
the Foreign ABL Credit Parties for their general corporate purposes, including for the purpose of
paying the Foreign ABL Credit Parties’ trade payables and other operating expenses.

“Foreign Joint Subsidiary Guarantor” shall mean EH International and each Wholly-Owned
Foreign Subsidiary of Exide listed on Schedule 7.13.

“Foreign Joint Subsidiaries Guaranty” shall have the meaning provided in
Section 5.09(c).

“Foreign Mortgaged Property” shall mean each Real Property located outside the United
States and the States and territories thereof with respect to which a Mortgage is required to be
delivered pursuant to the terms of this Agreement.

“Foreign Pension Plan” shall mean any plan, fund (including, without limitation, any
superannuation fund) or other similar program established or maintained outside the United States
of America by Exide U.S. or any one or more of its Subsidiaries primarily for the benefit of
employees of Exide U.S. or any of its Subsidiaries residing outside the United States of America,
which plan, fund or other similar program provides, or results in, retirement income, a deferral of
income in contemplation of retirement or payments to be made upon termination of employment, and
which plan is not subject to ERISA or the Code.

“Foreign Pledge Agreement” shall have the meaning provided in Section 5.10(c).

“Foreign Security Agreement” shall have the meaning provided in Section 5.12.

“Foreign Security Document” shall mean each Security Document other than a U.S.
Security Document.

“Foreign Subsidiaries Guaranty” shall mean each Foreign Joint Subsidiaries Guaranty,
each Foreign ABL Subsidiaries Guaranty, each Foreign TL Subsidiaries Guaranty and shall include any
respective counterpart thereof and any other similar respective guaranty executed and delivered by
any Foreign Subsidiary of Exide U.S. pursuant to Section 8.11 or 9.13.

“Foreign Subsidiary” shall mean, as to any Person, any Subsidiary of such Person that
is not a Domestic Subsidiary of such Person.

“Foreign Subsidiary Guarantor” shall mean each Foreign Subsidiary of Exide U.S. (other
than any Non-Credit Party Subsidiary) which executes and delivers a Foreign Subsidiaries Guaranty,
unless and until such time as the respective Foreign Subsidiary ceases to constitute a Foreign
Subsidiary or is released from all of its obligations under its Foreign Subsidiaries Guaranty in
accordance with the terms and provisions thereof.

“Foreign TL Credit Party” shall mean each Credit Party organized under the laws of a
Qualified TL Jurisdiction.

“Foreign TL Subsidiaries Guaranty” shall have the meaning provided in Section 5.09(d).

“Foreign TL Subsidiary Guarantor” shall mean each Wholly-Owned Foreign Subsidiary (in
any event excluding the Foreign Joint Credit Parties) organized under the laws of a Qualified TL
Jurisdiction that executes a Foreign TL Subsidiaries Guaranty, unless and until such time as the
respective Foreign TL Subsidiary Guarantor ceases to constitute a Foreign TL Subsidiary Guarantor
or is released from its obligations under its Foreign TL Subsidiaries Guaranty in accordance with
the terms and provisions thereof.

“Foreign U.S. Borrowing Base Usage” shall mean, at any time, the amount by which the
Aggregate European Borrower Exposure at such time exceeds the Foreign Borrowing Base at such time
(based upon the Borrowing Base Certificate most recently delivered).

“French Collateral Documents” shall have the meaning provided in Section 12.14(a).

“French Holdco” shall mean Exide Holding Europe SAS, a company organized under the
laws of France; provided that, to the extent acceptable to the Administrative Agent in its
sole discretion, Exide U.S. may designate another Wholly-Owned Foreign Subsidiary as the French
Holdco.

“Fronting Lender” shall mean DBNY, in its individual capacity or any person serving as
a successor Administrative Agent hereunder, in its individual capacity as a Fronting Lender.

“Funded Specified Foreign Currency Participation” shall mean, with respect to any
Participating Specified Foreign Currency Lender relating to Specified Foreign Currency Loans funded
by the Fronting Lender, (i) the aggregate amount paid by such Participating Specified Foreign
Currency Lender to the Fronting Lender pursuant to Section 16.02 of this Agreement in respect of
such Participating Specified Foreign Currency Lender’s participation in the principal amount of
Specified Foreign Currency Loans funded by the Fronting Lender minus (ii) the aggregate
amount paid to such Participating Specified Foreign Currency Lender by the Fronting Lender pursuant
to Section 16.02 of this Agreement in respect of its participation in the principal amount of
Specified Foreign Currency Loans funded by the Fronting Lender, excluding in each case any payments
made in respect of interest accrued on the Specified Foreign Currency Loans funded by the Fronting
Lender. The Fronting Lender’s Funded Specified Foreign Currency Participation in any Specified
Foreign Currency Loans funded by the Fronting Lender shall be equal to the outstanding principal
amount of such Specified Foreign Currency Loans minus the total Funded Specified Foreign
Currency Participation of all other Lenders therein.

“General Intangibles” shall mean “general intangibles” (as such term is defined in
Article 9 of the UCC), including payment intangibles, contract rights, rights to payment, rights
arising under common law, statutes, or regulations, choses or things in action, goodwill, patents,
trade names, trade secrets, trademarks, servicemarks, copyrights, blueprints, drawings, purchase
orders, customer lists, monies due or recoverable from pension funds, route lists, rights to
payment and other rights under any royalty or licensing agreements, infringement claims, computer
programs, information contained on computer disks or tapes, software, literature, reports,
catalogs, insurance premium rebates, tax refunds, and tax refund claims, and any and all supporting
obligations in respect thereof, and any other personal property other than Accounts, Deposit
Accounts, goods, Investment Property, and Negotiable Collateral.

“German Security” shall mean the assets of Exide U.S. and its Subsidiaries which are
subject to a Foreign Security Document governed by the laws of Germany.

“Governmental Authority” shall mean any federal (including the federal government of
Canada), state, local, provincial, or other governmental or administrative body, instrumentality,
department, board, or agency or any court, tribunal, administrative hearing body, arbitration
panel, commission, or other similar dispute-resolving panel or body.

“Guaranteed Creditors” shall mean and include each of the Agents, the Lenders, each
Issuing Lender and each Person (other than any Credit Party or any of its Subsidiaries) party to an
Interest Rate Protection Agreement or Other Hedging Agreement to the extent that such Person
constitutes a Secured Creditor under the Security Documents.

“Guarantors” shall mean and include the U.S. Borrower, the European Borrower and each
Subsidiary Guarantor.

“Guaranty” shall mean and include the U.S. Borrower’s Guaranty and each Subsidiaries
Guaranty.

“Guaranty and Security Principles” shall have the meaning provided in Section 5.10(b).

“Hazardous Materials” shall mean (a) any petrochemical or petroleum products,
radioactive materials, asbestos in any form that is or could become friable, urea formaldehyde foam
insulation, transformers or other equipment that contain dielectric fluid containing levels of
polychlorinated biphenyls, and radon gas; and (b) any chemicals, materials, substances or mixtures
defined as or included in the definition of “hazardous substances”, “hazardous wastes”, “hazardous
materials”, “restricted hazardous materials”, “extremely hazardous substances”, “restrictive
hazardous wastes”, “toxic substances”, “toxic pollutants”, “contaminants” or “pollutants”, or words
of similar meaning and regulatory effect.

“Hedge Product Reserve” shall mean, as of any date of determination, the exposure (as
determined by the Administrative Agent or the Collateral Agent in its Permitted Discretion) of
Exide U.S. or any of its Subsidiaries under any Pari Passu ABL Hedging Agreement.

“Highest Adjustable Applicable Margins” shall have the meaning provided in the
definition of Applicable Margin contained herein.

“Incremental Commitment” shall mean, for any Lender, any Revolving Loan Commitment
provided by such Lender after the Effective Date in an Incremental Commitment Agreement delivered
pursuant to Section 1.15; it being understood, however, that on each date upon which an Incremental
Commitment of any Lender becomes effective, such Incremental Commitment of such Lender shall be
added to (and thereafter become a part of) the Commitment of such Lender under the Tranche or
Tranches specified in the related Incremental Commitment Agreement for all purposes of this
Agreement as contemplated by Section 1.15.

“Incremental Commitment Agreement” shall mean each Incremental Commitment Agreement in
substantially the form of Exhibit P (appropriately completed, and with such modifications as may be
satisfactory to the Administrative Agent) executed and delivered in accordance with Section 1.15.

“Incremental Commitment Date” shall mean each date upon which an Incremental
Commitment under an Incremental Commitment Agreement becomes effective as provided in Section
1.15(b).

“Incremental Commitment Request Requirements” shall mean, with respect to any request
for an Incremental Commitment made pursuant to Section 1.15 the satisfaction of each of the
following conditions on the date of such request: (i) no Default or Event of Default then exists
or would result therefrom and all of the representations and warranties contained herein and in the
other Credit Documents are true and correct in all material respects at such time (unless stated to
relate to a specific earlier date, in which case such representations and warranties shall have
been true and correct in all material respects as of such earlier date) and (ii) DBNY and its
relevant affiliates shall have completed to their reasonable satisfaction the primary syndication
of this Agreement (and resulting addition of Persons as Lenders pursuant to Section 13.04(b)) and
shall have notified Exide U.S. that such syndication has been completed to their reasonable
satisfaction.

“Incremental Commitment Requirements” shall mean with respect to any provision of an
Incremental Commitment on a given Incremental Commitment Date, the satisfaction of each of the
following conditions on or prior to the effective date of the respective Incremental Commitment
Agreement: (i) satisfaction of the conditions in the definition of Incremental Commitment Request
Requirements (to the extent applicable) as of the effective date of such Incremental Commitment
Agreement as certified by an Authorized Officer of Exide U.S. in an officer’s certificate delivered
to the Administrative Agent; (ii) the delivery by Exide U.S. to the Administrative Agent of an
acknowledgement in form and substance reasonably satisfactory to the Administrative Agent and
executed by the European Borrower and each other ABL Credit Party, acknowledging that such
Incremental Commitment and all Revolving Loans subsequently incurred, and Letters of Credit issued,
pursuant to such Incremental Commitment shall constitute (and be included in the definitions of)
“U.S. Borrower Guaranteed Obligations” and Guaranteed Obligations (as defined in the other
applicable Guaranties) and secured on a pari passu basis with the ABL Obligations under the
relevant Security Documents; (iii) the delivery by Exide U.S. to the Administrative Agent of an
opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent,
from counsel to the Credit Parties reasonably satisfactory to the Administrative Agent and dated
such date, covering such matters incident to the transactions contemplated thereby as the
Administrative Agent may reasonably request; (iv) the delivery by each ABL Credit Party to the
Administrative Agent of such other officers’ certificates, board of director (or equivalent
governing body) resolutions and evidence of good standing (to the extent available under applicable
law) as the Administrative Agent shall reasonably request; and (v) the completion by each ABL
Credit Party of such other actions as the Administrative Agent may reasonably request in connection
with such Incremental Loan Commitment in order to create, continue or maintain the security
interests of the Collateral Agent in the Collateral and the perfection thereof (including, without
limitation, any mortgage amendments, Mortgage Policies and such other documents reasonably
requested by the Administrative Agent to be delivered in connection therewith).

“Incremental Lender” shall have the meaning specified in Section 1.15(b).

“Indebtedness” shall mean, as to any Person, without duplication, (i) all indebtedness
of such Person for borrowed money or for the deferred purchase price of property or services, (ii)
the maximum amount available to be drawn or paid under all letters of credit, bankers’ acceptances,
bank guaranties, surety and appeal bonds and similar obligations issued for the account of such
Person and all unpaid drawings and unreimbursed payments in respect of such letters of credit,
bankers’ acceptances, bank guaranties, surety and appeal bonds and similar obligations, (iii) all
indebtedness of the types described in clause (i), (ii), (iv), (v), (vi), (vii) or (viii) of this
definition secured by any Lien on any property owned by such Person, whether or not such
indebtedness has been assumed by such Person (provided that, if the Person has not assumed
or otherwise become liable in respect of such indebtedness, such indebtedness shall be deemed to be
in an amount equal to the fair market value of the property to which such Lien relates as
determined in good faith by such Person), (iv) the aggregate amount of all Capitalized Lease
Obligations of such Person, (v) all obligations of such Person to pay a specified purchase price
for goods or services, whether or not delivered or accepted, i.e., take-or-pay and similar
obligations, (vi) all Contingent Obligations of such Person, (vii) all obligations under any
Interest Rate Protection Agreement, any Other Hedging Agreement, Commodity Agreements or under any
similar type of agreement and (viii) all Off-Balance Sheet Liabilities of such Person.
Notwithstanding the foregoing, Indebtedness shall not include trade payables, accrued expenses and
deferred tax and other credits incurred by any Person in accordance with customary practices and in
the ordinary course of business of such Person.

“Indebtedness to be Refinanced” shall mean and include Indebtedness under the Existing
Credit Agreement.

“Individual RL Facility Exposure” of any ABL Lender shall mean, at any time, the sum
of (I) the aggregate principal amount of all Revolving Loans made by such ABL Lender (and the
aggregate principal amount of all Specified Foreign Currency Loans in which participations have
been acquired by such ABL Lender pursuant to Section 16) and then outstanding (for this purpose,
using the U.S. Dollar Equivalent of amounts not denominated in U.S. Dollars), (II) the sum of such
ABL Lender’s L/C Participation Percentage in each then outstanding Letter of Credit multiplied by
the sum of the Stated Amount of the respective Letter of Credit and any Unpaid Drawings relating
thereto (for this purpose, using the U.S. Dollar Equivalent of amounts not denominated in U.S.
Dollars) and (III) such Lender’s RL Facility Percentage multiplied by the aggregate principal
amount of outstanding Swingline Loans (for this purpose, using the U.S. Dollar Equivalent of
amounts not denominated in U.S. Dollars then outstanding). For purposes of this definition, the
amount of Revolving Loans made by the Fronting Lender shall be reduced by the aggregate amount of
Specified Foreign Currency Participations therein purchased by the other ABL Lenders in such
Revolving Loans pursuant to Section 16.

“Initial Borrowing Date” shall mean the date (which shall occur on the Effective Date)
upon which the initial Borrowing of Loans occurs.

“Insolvency Administrator Reserves” shall mean reserves for fees which an insolvency
administrator in an insolvency proceeding is allowed to collect including, without limitation,
determination fees and collection fees.

“Intercompany Debt” shall mean any Indebtedness, payables or other obligations,
whether now existing or hereafter incurred, owed by Exide U.S. or any Subsidiary of Exide U.S. to
Exide U.S. or any other Subsidiary of Exide U.S.

“Intercompany Note” shall mean a promissory note evidencing intercompany loans made
pursuant to clause (vi) of the definition of “Common Permitted Investments” in this Section 11, in
each case duly executed and delivered substantially in the form of Exhibit Q, with blanks completed
in conformity herewith (or such other form as may be approved by the Administrative Agent or the
Required Lenders).

“Intercompany Scheduled Existing Indebtedness” shall have the meaning provided in
Section 7.20.

“Intercompany Subordination Agreement” shall have the meaning provided in Section
5.09(f).

“Interest Determination Date” shall mean, with respect to any Euro Rate Loan (other
than a Swingline Loan), the second Business Day prior to the commencement of any Interest Period
relating to such Euro Rate Loan.

“Interest Period” with respect to any Euro Rate Loan, shall mean the interest period
applicable thereto, as determined pursuant to Section 1.09.

“Interest Rate Protection Agreement” shall mean any interest rate swap agreement,
interest rate cap agreement, interest rate collar agreement, interest rate hedging agreement,
interest rate floor agreement or other similar agreement or arrangement.

“Inventory” shall mean “inventory” (as such term is defined in Article 9 of the UCC).

“Investment” shall have the meaning provided in the preamble to Section 9.05A.

“Investment Property” shall mean “investment property” (as such term is defined in
Article 9 of the UCC), and any and all supporting obligations in respect thereof.

“Issuing Lender” shall mean DBNY (and/or any affiliate of DBNY designated by it) and
any ABL Lender (and/or any affiliate of such ABL Lender designated by it) which at the request of
an Account Party and with the consent of the Administrative Agent agrees, in such ABL
Lender’s (or affiliate’s) sole discretion, to become an Issuing Lender for the purpose of issuing
Letters of Credit pursuant to Section 2.

“Italian Collateral Documents” shall have the meaning provided in Section 12.18(a).

“Judgment Currency” shall have the meaning provided in Section 13.22(a).

“Judgment Currency Conversion Date” shall have the meaning provided in Section
13.23(a).

“L/C Participant” shall have the meaning provided in Section 2.04(a).

“L/C Participation Percentages” shall have the meaning provided in Section 2.04(a).

“L/C Supportable Indebtedness” shall mean (i) obligations of Exide U.S. or its
Wholly-Owned Subsidiaries incurred in the ordinary course of business with respect to insurance
obligations and workers’ compensation, surety bonds and other similar statutory obligations, (ii)
obligations of Exide U.S. and its Wholly-Owned Subsidiaries under bank guaranties issued by
financial institutions in support of obligations of Exide U.S. and its Wholly-Owned Subsidiaries
otherwise permitted to exist pursuant to the terms of this Agreement and (iii) such other
obligations of Exide U.S. or any of its Wholly-Owned Subsidiaries as are reasonably acceptable to
the Administrative Agent and the respective Issuing Lender and otherwise permitted to exist
pursuant to the terms of this Agreement.

“Leasehold” of any Person shall mean all of the right, title and interest of such
Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or
fixtures.

“Lender” shall mean and include (i) each financial institution with a Commitment
listed on Schedule I (as amended from time to time), as well as any Person that becomes a
“Lender” hereunder pursuant to Section 1.13, 1.15 and/or 13.04(b) (including, without
limitation, (x) the Fronting Lender and (y) with respect to Agent Advances, the Administrative
Agent) and (ii) the Swingline Lender. Unless the context otherwise requires, each reference in
this Agreement to a Lender includes each lending office (including any Affiliate of the respective
Lender) of the respective Lender designated from time to time pursuant to Section 1.12.

“Lender Default” shall mean (i) the wrongful refusal (which has not been retracted) of
a Lender to make available its portion of any Borrowing (including any Mandatory Borrowing) or to
fund its portion of any unreimbursed payment under Section 2.04 or (ii) a Lender having notified
the Administrative Agent and/or any Borrower that it does not intend to comply with its obligations
under Section 1.01 or 2.03 in circumstances where such non-compliance would constitute a breach of
such Lender’s obligations under the respective Section.

“Letter of Credit” shall have the meaning provided in Section 2.01(a).

“Letter of Credit Fees” shall have the meaning provided in Section 3.01(b).

“Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate
Stated Amount of all outstanding Letters of Credit which have not terminated at such time and (ii)
the aggregate amount of all Unpaid Drawings (taking the U.S. Dollar Equivalent of any amounts owed
in currencies other than U.S. Dollars) in respect of all Letters of Credit at such time.

“Letter of Credit Request” shall have the meaning provided in Section 2.03(a).

“Leverage Ratio” shall mean, on any date of determination, the ratio of
(i) Consolidated Debt on such date to (ii) Consolidated EBITDA for the Test Period most recently
ended on or prior to such date; provided that for all purposes of this Agreement,
(i) Consolidated EBITDA for purposes of the Leverage Ratio shall be determined on a Pro
Forma Basis in accordance with clause (iv) of the definition of Pro Forma
Basis contained herein and (ii) Consolidated Debt for purposes of the Leverage Ratio as it relates
to the definition of “Applicable Margin” shall be determined on a Pro Forma
Basis in accordance with clause (iii) of the definition of “Pro Forma Basis”
contained herein.

“Lien” shall mean any mortgage, pledge, hypothecation, assignment, deposit
arrangement, security interest, encumbrance, lien (statutory or other), charge, preference,
priority or other security agreement of any kind or nature whatsoever (including any agreement to
give any of the foregoing, any conditional sale or other title retention agreement, any financing
or similar statement or notice filed under the UCC or any similar recording or notice statute, and
any lease having substantially the same effect as the foregoing).

“Loan” shall mean each U.S. Borrower Term Loan, each European Borrower U.S. Dollar
Term Loan, each European Borrower Euro Term Loan, each Revolving Loan and each Swingline Loan.

“Local Law Pledge Agreement” shall have the meaning provided in Section 5.10(c).

“Majority Lenders” of any Tranche shall mean those Non-Defaulting Lenders which would
constitute the Required Lenders under, and as defined in, this Agreement if all outstanding
Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with
respect thereto were terminated.

“Mandatory Borrowing” shall have the meaning provided in Section 1.01(f).

“Mandatory Cost” shall mean the cost imputed to each Lender of compliance with any
reserve asset requirements of the European Central Bank.

“Margin Stock” shall have the meaning provided in Regulation U.

“Material Adverse Effect” shall mean (i) a material adverse effect on the business,
properties, assets, nature of assets, operations, liabilities or financial condition of Exide U.S.
and its Subsidiaries taken as a whole, or (ii) a material adverse effect (x) on the rights or
remedies of the Lenders or any Agent hereunder or under any other Credit Document or (y) on the
ability of any Credit Party to perform its obligations to the Lenders or any Agent hereunder or
under any other Credit Document.

“Material Foreign Subsidiary” shall mean, at any time, any Foreign Subsidiary of Exide
U.S. the net book value of the assets of which equals or exceeds $5,000,000 at such time.

“Material Leasehold” shall mean any Leasehold with respect to a manufacturing or
similar facility.

“Maturity Date” shall mean (i) with respect to U.S. Borrower Term Loans and European
Borrower Term Loans, the Term Loan Maturity Date, (ii) with respect to Revolving Loans, the
Revolving Loan Maturity Date and (iii) with respect to Swingline Loans, the Swingline Expiry Date.

“Maximum Incremental Commitment Amount” shall mean $50,000,000.

“Maximum Permitted Consideration” shall mean, with respect to any Permitted
Acquisition, the sum (without duplication) of (i) the fair market value of Exide U.S. Common Stock
(based on the average closing trading price of Exide U.S. Common Stock for the 20 trading days
immediately prior to the date of such Permitted Acquisition on the stock exchange on which Exide
U.S. Common Stock is listed or, if Exide U.S. Common Stock is not so listed, the good faith
determination of the senior management of Exide U.S.) issued (or to be issued) as consideration in
connection with such Permitted Acquisition (including, without limitation, Exide U.S. Common Stock
which may be required to be issued as earnout consideration upon the achievement of certain future
performance goals of the respective Acquired Entity or Business), (ii) the aggregate amount of all
cash paid (or to be paid) by Exide U.S. or any of its Subsidiaries in connection with such
Permitted Acquisition (including, without limitation, payments of fees and costs and expenses in
connection therewith) and all contingent cash purchase price or other earnout obligations of Exide
U.S. and its Subsidiaries incurred in connection therewith (as determined in good faith by Exide
U.S.), (iii) the aggregate principal amount of all Indebtedness assumed, incurred and/or issued in
connection with such Permitted Acquisition to the extent permitted by Section 9.04 and (iv) the
fair market value (determined in good faith by senior management of Exide U.S.) of all other
consideration payable in connection with such Permitted Acquisition.

“Maximum Swingline Amount” shall mean $25,000,000.

“Minimum Applicable Facing Fee” shall mean, in the case of all Letters of Credit,
$500.

“Minimum Borrowing Amount” shall mean (i) in the case of U.S. Dollar Denominated Loans
(excluding U.S. Dollar Denominated Swingline Loans and U.S. Dollar Denominated Revolving Loans
maintained as Base Rate Loans), $5,000,000, (ii) in the case of Revolving Loans maintained
from time to time as Base Rate Loans, $1,000,000, (iii) in the case of Euro Denominated Loans
(other than Euro Denominated Swingline Loans), €1,000,000, (iv) in the case of U.S. Dollar
Denominated Swingline Loans, $250,000 and (v) in the case of Euro Denominated Swingline Loans,
€250,000.

“Moody’s” shall mean Moody’s Investors Service, Inc.

“Mortgage” shall mean each mortgage, deed of trust or deed to secure debt required to
be delivered with respect to any Real Property pursuant to the terms of this Agreement (including,
after the execution and delivery thereof, each Additional Mortgage), together with any assignment
of leases and rents to be executed in connection therewith (as amended, modified or supplemented
from time to time in accordance with the terms hereof and thereof).

“Mortgage Policy” shall mean each mortgage title insurance policy (and all
endorsements thereto) for each Mortgage on each Mortgaged Property required to be delivered
pursuant to this Agreement.

“Mortgaged Property” shall mean each Real Property owned by Exide U.S. or any of its
Subsidiaries and required to be mortgaged pursuant to this Agreement (including, after the
execution and delivery of any Additional Mortgage, the respective Additional Mortgaged Property).

“Multiemployer Plan” shall mean (i) any plan, as defined in Section 4001(a)(3) of
ERISA, which is maintained or contributed to (or to which there is an obligation to contribute to)
by Exide U.S. or a Subsidiary of Exide U.S. or an ERISA Affiliate and that is subject to Title IV
of ERISA, and (ii) each such plan for the five year period immediately following the latest date on
which Exide U.S., a Subsidiary of Exide U.S. or an ERISA Affiliate maintained, contributed to or
had an obligation to contribute to such plan.

“Negotiable Collateral” shall mean letters of credit, letter of credit rights,
instruments, promissory notes, drafts, documents, and chattel paper (including electronic chattel
paper and tangible chattel paper), and any and all supporting obligations in respect thereof.

“Net Orderly Liquidation Value” shall mean the “net orderly liquidation value”
determined by an unaffiliated valuation company acceptable to the Administrative Agent after
performance of an inventory valuation to be done at the Administrative Agent’s request and the
Borrowers’ expense, less the amount estimated by such valuation company for marshalling,
reconditioning, carrying, and sales expenses designated to maximize the resale value of such
Inventory and assuming that the time required to dispose of such Inventory is customary with
respect to such Inventory and expressed as a percentage of the net book value of such Inventory.

“Net Sale Proceeds” shall mean for any sale or other disposition of assets, the gross
cash proceeds (including any cash received by way of deferred payment pursuant to a promissory
note, receivable or otherwise, but only as and when received), received from such sale or other
disposition of assets, net of (without duplication) (i) reasonable transaction costs (including,
without limitation, any underwriting, brokerage or other customary selling commissions, reasonable
legal, advisory and other fees and expenses (including title and recording expenses), associated
therewith and sales, VAT and transfer taxes arising therefrom), (ii) payments of unassumed
liabilities (other than Environmental Claims) relating to the assets sold or otherwise disposed of
at the time of, or within 30 days after, the date of such sale or other disposition, (iii) the
amount of such gross cash proceeds required to be used to permanently repay any Indebtedness (other
than Indebtedness of the Lenders pursuant to this Agreement) which is secured by the respective
assets which were sold or otherwise disposed of and (iv) the estimated net marginal increase in
income taxes which will be payable by Exide U.S.’s consolidated group or any Subsidiary of Exide
U.S. with respect to the Fiscal Year in which the sale or other disposition occurs as a result of
such sale or other disposition; provided, however, that such gross proceeds shall
not include any portion of such gross cash proceeds which Exide U.S. determines in good faith
should be reserved (x) for post-closing adjustments to occur within 180 days after the date of the
respective sale or disposition or (y) to pay unassumed Environmental Claims (to the extent not
indemnified by the respective purchaser) relating to the assets sold or otherwise disposed of which
are expected to be paid or spent within 180 days after the date of the respective sale or
disposition (in each case, to the extent Exide U.S. delivers to the Lenders a certificate signed by
its chief financial officer or treasurer, controller or chief accounting officer as to such
determination), it being understood and agreed that (i) in the case of preceding clause (x), on the
earlier of the 180th day after the respective sale or disposition or the day that all
such post-closing adjustments have been determined (which shall not be later than six months
following the date of the respective asset sale), the amount (if any) by which the reserved amount
for post-closing adjustments in respect of such sale or disposition exceeds the actual post-closing
adjustments paid by Exide U.S. and its Subsidiaries shall constitute Net Sale Proceeds on such date
received by Exide U.S. and/or any of its Subsidiaries from such sale or other disposition and (ii)
in the case of preceding clause (y), on the earlier of the 180th day after the date of
the respective sale or disposition or the day that all retained Environmental Claims relating
thereto have been paid or finally determined, the amount (if any) by which the reserved amount in
respect of such Environmental Claims from such sale or disposition exceeds the actual amounts paid
by Exide U.S. and its Subsidiaries with respect thereto shall constitute Net Sale Proceeds on such
date received by Exide U.S. and/or any of its Subsidiaries from such sale or disposition.

“Netherlands Forms” shall have the meaning provided in Section 4.04(c).

“Non-Credit Party Subsidiaries” shall mean (i) on the Initial Borrowing Date, each
Subsidiary of Exide U.S. listed on Part A of Schedule 11(B) and (ii) after the Initial Borrowing
Date, any Subsidiary of Exide U.S. that is not at such time a Credit Party.

“Non-Defaulting Lender” shall mean each Lender other than a Defaulting Lender.

“Non-Wholly Owned Subsidiary” shall mean, as to any Person, each Subsidiary of such
Person which is not a Wholly-Owned Subsidiary of such Person.

“Note” shall mean each U.S. Borrower Term Note, each European Borrower U.S. Dollar
Term Note, each European Borrower Euro Term Note, each U.S. Borrower Revolving Note, each European
Borrower Revolving Note, the U.S. Borrower Swingline Note and the European Borrower Swingline Note.

“Notice of Borrowing” shall have the meaning provided in Section 1.03(a).

“Notice of Conversion/Continuation” shall have the meaning provided in Section
1.06(a).

“Notice Office” shall mean the office of the Administrative Agent located at 60 Wall
Street, New York, New York 10005 or such other office as the Administrative Agent may designate to
Exide U.S. and the Lenders from time to time.

“Obligation Currency” shall have the meaning provided in Section 13.22(a).

“Obligations” shall mean all amounts, direct or indirect, contingent or absolute, of
every type or description, and at any time existing, owing to any Agent, any Issuing Lender or any
Lender pursuant to the terms of this Agreement or any other Credit Document.

“Off-Balance Sheet Liabilities” of any Person shall mean (i) any repurchase obligation
or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii)
any liability of such Person under any sale and leaseback transactions that do not create a
liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease or (iv)
any obligation arising with respect to any other transaction which is the functional equivalent of
or takes the place of borrowing but which does not constitute a liability on the balance sheet of
such Person.

“Other Hedging Agreements” shall mean any foreign exchange contracts, currency swap
agreements or other similar agreements or arrangements designed to protect against fluctuations in
currency values.

“Overnight Euro Rate” on any date shall mean the offered quotation to first-class
banks in the Euro-Zone interbank market by the Swingline Lender for Euro overnight deposits of
amounts in immediately available funds comparable to the outstanding principal amount of the Euro
Denominated Swingline Loan of the Swingline Lender as of 11:00 A.M. (Brussels time) on such date;
provided that in the event the Administrative Agent has made any determination pursuant to
Section 1.10(a)(i) in respect of Euro Denominated Swingline Loans, or in the circumstances
described in clause (i) to the proviso to Section 1.10(b) in respect of Euro Denominated Swingline
Loans, the Overnight Euro Rate determined pursuant to this definition shall instead be the rate
determined by the Swingline Lender as the all-in-cost of funds for the Swingline Lender to fund
such Euro Denominated Swingline Loan.

“Pari Passu ABL Hedging Agreement” shall have the meaning provided in Section 13.30.

“Pari Passu TL Hedging Agreement” shall have the meaning provided in Section 13.30.

“Participating Specified Foreign Currency Lender” shall have the meaning provided in
Section 16.01.

“Payment Conditions” shall mean that each of the following conditions are satisfied at
the time of each action or proposed action and after giving effect thereto: (i) no Default or
Event of Default shall have occurred and be continuing, (ii) for the immediately preceding 30-day
period ending on the date of such action or proposed action Excess Availability shall have been
equal to or shall have exceeded $75,000,000 and (iii) calculations are made by Exide U.S.
establishing its compliance with a Fixed Charge Coverage Ratio of not less than 1.00:1.00 for the
respective Calculation Period on a Pro Forma Basis as if such action or proposed
action (as well as all other Permitted Acquisitions and Significant Asset Sales theretofore
consummated after the first day of such Calculation Period) had occurred on the first day of such
Calculation Period, and such calculations shall show that such Fixed Charge Coverage Ratio would
have been complied with if such action or proposed action had occurred on the first day of such
Calculation Period.

“Payment Office” shall mean the office of the Administrative Agent located at 60 Wall
Street, New York, New York 10005 or such other office as the Administrative Agent may hereafter
designate in writing to Exide U.S. and the Lenders from time.

“PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to
Section 4002 of ERISA, or any successor thereto.

“Permitted Acquired Debt” shall have the meaning set forth in Section 9.04A(vi).

“Permitted Acquisition” shall mean (x) the acquisition by Exide U.S. or any of its
Wholly-Owned Subsidiaries of assets constituting a business, division or product line of any
Person, not already a Subsidiary of Exide U.S. or any of its Wholly-Owned Subsidiaries, or of 100%
of the capital stock or other Equity Interests of any such Person, which Person shall, as a result
of such acquisition, become a Wholly-Owned Subsidiary of Exide U.S. or such Wholly-Owned
Subsidiary, provided that (A) the consideration paid by Exide U.S. or such Wholly-Owned
Subsidiary consists solely of cash (including proceeds of Revolving Loans), the issuance of Exide
U.S. Common Stock, the issuance of Qualified Preferred Stock, the incurrence of Indebtedness
otherwise permitted pursuant to Section 9.04A and the assumption/acquisition of any Permitted
Acquired Debt relating to such business, division, product line or Person which is permitted to
remain outstanding in accordance with the requirements of Section 9.04A, (B) in the case of the
acquisition of 100% of the capital stock or other Equity Interests of any Acquired Entity or
Business, such Acquired Entity or Business shall own no capital stock or other Equity Interests of
any other Person unless either (I) the Acquired Entity or Business owns 100% of the capital stock
or other Equity Interests of such other Person or (II) if the Acquired Entity or Business owns
capital stock or Equity Interests in any other Person which is a Non-Wholly Owned Subsidiary of the
Acquired Entity or Business, (1) the Acquired Entity or Business shall not have been created or
established in contemplation of, or for purposes of, the respective Permitted Acquisition, (2) such
Non-Wholly Owned Subsidiary of the Acquired Entity or Business shall have been a Non-Wholly Owned
Subsidiary of the Acquired Entity or Business prior to the date of the respective Permitted
Acquisition and not created or established in contemplation thereof and (3) the Acquired Entity or
Business and/or its Wholly-Owned Subsidiaries own 80% of the consolidated assets of such Person and
its Subsidiaries, (C) the Acquired Entity or Business shall be a Permitted Business and (D) all
applicable requirements of Sections 8.11, 8.14A, 8.14B, 9.02, 9.03A, 9.03B, 9.04A and 9.04B
applicable to Permitted Acquisitions are satisfied and (y) except for purposes of Sections 8.14A,
8.14B, 9.02(xiii), clause (ix) of the definition of “Common Permitted Investments” in this Section
11, 9.11(e) and 9.13(c), Capital Expenditures, in each instance of $1,000,000 or more, made
pursuant to Section 9.09(f). Notwithstanding anything to the contrary contained in the immediately
preceding sentence, an acquisition which does not otherwise meet the requirements set forth above
in the definition of “Permitted Acquisition” shall constitute a Permitted Acquisition if,
and to the extent, the Required Lenders agree in writing that such acquisition shall constitute a
Permitted Acquisition for purposes of this Agreement.

“Permitted Business” shall mean any business which (i) is the same, similar, ancillary
or reasonably related to the business in which Exide U.S. or any of its Subsidiaries is engaged on
the Effective Date or (ii) is conducted by an Acquired Entity or Business acquired pursuant to a
Permitted Acquisition and which does not qualify as a “Permitted Business” pursuant to
preceding clause (i), so long as (x) such business represents an immaterial portion of the
businesses acquired pursuant to such Permitted Acquisition and (y) such business is sold or
otherwise disposed of as soon as reasonably practicable following the consummation of such
Permitted Acquisition (but, in any event, within one year following such Permitted Acquisition).

“Permitted Discretion” shall mean the exercise in a commercially reasonable manner
consistent with its customary practice for comparable asset based transactions of the
Administrative Agent’s or the Collateral Agent’s, as the case may be, credit judgment in
consideration of any factor which is reasonably likely to (i) adversely affect the value of any
Collateral comprising the U.S. Borrowing Base or the Foreign Borrowing Base, as the case may be,
the enforceability or priority of the Liens thereon or the amount that Administrative Agent, the
Collateral Agent and ABL Lenders would be likely to receive (after giving consideration to delays
in payment and costs of enforcement) in the liquidation thereof, (ii) suggest that any collateral
report or financial information delivered to the Administrative Agent, the Collateral Agent or the
ABL Lenders by any Person on behalf of any ABL Borrower or other ABL Credit Party is incomplete,
inaccurate or misleading in any material respect, or (iii) increase the likelihood that the ABL
Lenders would not receive payment in full in cash for all of the ABL Obligations. In exercising
such reasonable credit judgment, Administrative Agent or the Collateral Agent, as the case may be,
may consider such factors already included in or tested by the definition of Eligible Accounts or
Eligible Inventory, as well as any of the following: (i) the changes in collection history and
dilution or collectibility with respect to the Accounts; (ii) changes in demand for, pricing of, or
product mix of Inventory; (iii) changes in any concentration of risk with respect to the respective
U.S. ABL Borrowers’ and the Foreign Borrowing Base ABL Subsidiary Guarantors’ Accounts or
Inventory, as the case may be, in respect of the U.S. Borrowing Base or the Foreign Borrowing Base;
and (iv) any other factors that change the credit risk of lending to the ABL Borrowers on the
security of the U.S. ABL Borrowers’ or Foreign Borrowing Base ABL Subsidiary Guarantors’ Accounts
or Inventory, as the case may be, in respect of the U.S. Borrowing Base or the Foreign Borrowing
Base.

“Permitted Encumbrances” shall mean, with respect to any Mortgaged Property, such
exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of
which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

“Permitted Exceptions” shall have the meaning provided in Section 5.13(a)(i).

“Permitted Liens” shall mean the Common Permitted Liens, ABL Permitted Liens and TL
Permitted Liens.

“Permitted Refinancing Indebtedness” shall mean any Indebtedness of Exide U.S. and its
Subsidiaries issued or given in exchange for, or the proceeds of which are used to, extend,
refinance, renew, replace or refund the Existing Notes, any Scheduled Existing Indebtedness,
Permitted Acquired Debt or any Indebtedness issued to so extend, refinance, renew, replace,
substitute or refund any such Indebtedness (or, for purposes of Section 9.04B only, any
Indebtedness incurred in accordance with Section 9.04B (other than pursuant to clause (1), (4),
(5), (6), (7), (8), (9), (11), (12), (13) and (14) of the definition of Permitted Indebtedness), so
long as (a) such Indebtedness has a weighted average life to maturity greater than or equal to the
weighted average life to maturity of the Indebtedness being extended, refinanced, renewed, replaced
or refunded, (b) such extension, refinancing, renewal, replacement or refunding does not (i)
increase the amount of such Indebtedness outstanding immediately prior to such extension,
refinancing, renewal, replacement or refunding (other than by the amount of any prepayment premium
or fees owed in connection with the refinancing of such Indebtedness) or (ii) add guarantors,
obligors or security from that which applied to such Indebtedness being extended, refinanced,
renewed, replacement or refunding, (c) such Indebtedness has substantially the same (or, from the
perspective of the Lenders, more favorable) subordination provisions, if any, as applied to the
Indebtedness being extended, renewed, refinanced, replaced or refunded, (d) all other terms of such
extension, refinancing, renewal, replacement or refunding (including, without limitation, with
respect to the amortization schedules, redemption provisions, maturities, covenants, defaults and
remedies) taken as a whole are not less favorable in any material respect to the respective
borrower than those previously existing with respect to the Indebtedness being extended,
refinanced, renewed, replaced or refunded and (e) in the case of any Permitted Refinancing
Indebtedness incurred in respect of the Senior Secured Notes or any previous refinancing thereof,
same shall (x) be unsecured or, if secured, the security shall meet the requirements of preceding
clause (b)(ii) and all security interests and Liens created with respect thereto shall be expressly
junior and subordinated to the Liens created pursuant to the Credit Documents on the basis provided
in the Existing Intercreditor Agreement, and each of the parties to the Existing Intercreditor
Agreement (as well as the lenders of any such Permitted Refinancing Indebtedness or the respective
agent or trustee on their behalf) shall have signed such agreements of accession or other documents
as may be reasonably requested by the Administrative Agent to assure that they are fully bound by
the terms and provisions of the Existing Intercreditor Agreement and (y) in no event have
provisions restricting the amount of Indebtedness permitted to be incurred and remain outstanding
pursuant to this Agreement and any Liens therefor which are more restrictive than the relevant
requirements contained in the Senior Secured Notes Indenture or, if less restrictive, the relevant
requirements contained in any subsequent permitted refinancing thereof), provided,
however, that any Intercompany Scheduled Existing Indebtedness (and subsequent extensions,
refinancings, renewals, replacements and refundings thereof as provided above in this definition)
may only be extended, refinanced, renewed, replaced or refunded as provided above in this
definition if the Indebtedness so extended, refinanced, renewed, replaced or refunded has the same
obligors(s) and obligee(s) as the Indebtedness being extended, refinanced, renewed, replaced or
refunded.

“Permitted Refinancing Test” shall mean any restriction or limitation applicable to
Exide U.S. or any of its Subsidiaries pursuant to the documents governing any Permitted Refinancing
Indebtedness with respect to the Senior Secured Notes pursuant to which a Credit Event could result
in a default under, or breach of, such restriction or limitation.

“Person” shall mean any individual, partnership, joint venture, firm, corporation,
limited liability company, association, trust or other enterprise or any government or political
subdivision or any agency, department or instrumentality thereof.

“Plan” shall mean any pension plan as defined in Section 3(2) of ERISA (other than a
Multiemployer Plan), which is maintained or contributed to (or to which there is an obligation to
contribute to) by Exide U.S. or a Subsidiary of Exide U.S. or an ERISA Affiliate, and each such
plan for the five year period immediately following the latest date on which Exide U.S., or a
Subsidiary of Exide U.S. or an ERISA Affiliate maintained, contributed to or had an obligation to
contribute to such plan.

“Plan of Reorganization” shall mean the “Plan of Reorganization” as defined in the
Existing Credit Agreement as in effect on the Effective Date immediately prior to the occurrence
thereof.

“Plan Warrants” shall mean and include all warrants issued by the U.S. Borrower with
respect to U.S. Borrower Common Stock pursuant to the Plan of Reorganization.

“Pledge Agreement Collateral” shall mean all U.S. Pledge Agreement Collateral and all
other Equity Interests or other property similar to that pledged pursuant to the U.S. Pledge
Agreement which is pledged pursuant to one or more Foreign Pledge Agreements, Foreign Security
Agreements or Additional Security Documents.

“Pledge Agreements” shall mean the U.S. Pledge Agreement and each Foreign Pledge
Agreement.

“Polish Collateral Documents” shall have the meaning provided in Section 12.19(a).

“Preferred Equity”, as applied to the Equity Interests of any Person, shall mean
Equity Interests of such Person (other than common stock of such Person) of any class or classes
(however designed) that ranks prior, as to the payment of dividends or as to the distribution of
assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to
Equity Interests of any other class of such Person.

“Prime Lending Rate” shall mean the rate which the Administrative Agent announces from
time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime
lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily
represent the lowest or best rate actually charged to any customer by the Administrative Agent,
which may make commercial loans or other loans at rates of interest at, above or below the Prime
Lending Rate.

“Priority Payables” shall mean, at any time, with respect to the U.S. ABL Borrowers
and the Foreign ABL Credit Parties:

(a) the amount past due and owing by each U.S. ABL Borrower or Foreign Borrowing Base
ABL Subsidiary Guarantor, or the accrued amount for which such U.S. ABL Borrower or Foreign
Borrowing Base ABL Subsidiary Guarantor, as the case may be, has an obligation (other than
any obligation being disputed in good faith, as determined by the Administrative Agent in
its Permitted Discretion) to remit to a Governmental Authority or other Person pursuant to
any applicable law, rule or regulation, in respect of (i) pension fund obligations; (ii)
unemployment insurance; (iii) goods and services taxes, sales taxes, employee income taxes
and other taxes payable or to be remitted or withheld; (iv) workers’ compensation; (v)
vacation pay; and (vi) other like charges and demands; in each case, to the extent any
Governmental Authority or other Person may claim a security interest, lien, trust or other
claim ranking or capable of ranking in priority to or pari passu with one or
more of the Liens granted in the Security Documents; and

(b) the aggregate amount of any other liabilities of each U.S. ABL Borrower or Foreign
Borrowing Base ABL Subsidiary Guarantor, as the case may be, (i) in respect of which a trust
has been or may be imposed on any Collateral to provide for payment or (ii) which are
secured by a security interest, pledge, lien, charge, right or claim on any Collateral; in
each case, pursuant to any applicable law, rule or regulation and which trust, security
interest, pledge, lien, charge, right or claim ranks or is capable of ranking in priority to
or pari passu with one or more of the Liens granted in the Security
Documents;

in each case net of the aggregate amount of all Restricted cash held or set aside for the payment
of such obligations.

“Pro Forma Balance Sheet” shall have the meaning provided in Section 5.16(a).

“Pro Forma Basis” shall mean, in connection with any calculation of compliance with
any financial covenant or financial term, the calculation thereof after giving effect on a
pro forma basis to (x) any Permitted Acquisition or Significant Asset Sale then
being consummated as well as any other Permitted Acquisition or Significant Asset Sale consummated
after the first day of the relevant Test Period or Calculation Period, as the case may be, and on
or prior to the date of the respective Permitted Acquisition or Significant Asset Sale, as the case
may be, then being effected, (y) the incurrence or assumption of any Indebtedness that is incurred
or assumed in connection with, or to finance, one or more Permitted Acquisitions and (z) the
permanent repayment of any Indebtedness in connection with any Significant Asset Sale;
provided that, for purposes of calculations pursuant to Sections 8.14A or 8.14B (or
pursuant to the definition of “Common Permitted Acquisition Conditions” in Section 11), such
calculations shall also give effect on a pro forma basis to (a) the incurrence of
any Indebtedness (other than revolving Indebtedness, except to the extent same is incurred to
refinance other outstanding Indebtedness or to finance a Permitted Acquisition) after the first day
of the relevant Calculation Period as if such Indebtedness had been incurred (and the proceeds
thereof applied) on the first day of the relevant Calculation Period and (b) the permanent
repayment of any Indebtedness (other than revolving Indebtedness) after the first day of the
relevant Calculation Period as if such Indebtedness had been retired or repaid on the first day of
the relevant Calculation Period, with the following rules to apply in connection therewith:

(i) for purposes of Sections 8.14A and 8.14B (and the definition of “Common Permitted
Acquisition Conditions” in Section 11) only, all Indebtedness (x) (other than revolving
Indebtedness, except to the extent same is incurred to refinance other outstanding
Indebtedness or to finance Permitted Acquisitions) incurred or issued after the first day of
the relevant Calculation Period (whether incurred to finance a Permitted Acquisition, to
refinance Indebtedness or otherwise) shall be deemed to have been incurred or issued (and
the proceeds thereof applied) on the first day of the respective Calculation Period and
remain outstanding through the date of determination (and thereafter in the case of
projections pursuant to Sections 8.14A and 8.14B) and (y) (other than revolving
Indebtedness) permanently retired or redeemed after the first day of the relevant
Calculation Period shall be deemed to have been retired or redeemed on the first day of the
respective Calculation Period and remain retired through the date of determination (and
thereafter in the case of projections pursuant to Sections 8.14A and 8.14B);

(ii) for purposes of Sections 8.14A and 8.14B only, all Indebtedness assumed to be
outstanding pursuant to preceding clause (i) shall be deemed to have borne interest at (x)
the rate applicable thereto, in the case of fixed rate indebtedness or (y) the rates which
would have been applicable thereto during the respective period when same was deemed
outstanding, in the case of floating rate Indebtedness (although interest expense with
respect to any Indebtedness for periods while same was actually outstanding during the
respective period shall be calculated using the actual rates applicable thereto while same
was actually outstanding); provided that all Indebtedness (whether actually
outstanding or deemed outstanding) bearing interest at a floating rate of interest shall be
tested on the basis of the rates applicable at the time the determination is made pursuant
to said provisions;

(iii) for determinations of the Leverage Ratio for purposes of determining the
Applicable Margins, Consolidated Debt shall be the actual amount thereof as of the last day
of the respective Calculation Period or Test Period, as the case may be; provided
that, (x) to the extent any Permitted Acquisition is consummated after the last day of the
respective Calculation Period or Test Period, all Indebtedness incurred or assumed in
connection with one or more Permitted Acquisitions consummated after the last day of the
respective Calculation Period or Test Period, as the case may be, shall be added to
Consolidated Debt and shall be deemed to have been outstanding on the last day of the
respective Calculation Period or Test Period, as the case may be, and (y) to the extent any
Significant Asset Sale is consummated after the last day of the respective Calculation
Period or Test Period, all Indebtedness permanently repaid or retired in connection with one
or more Significant Asset Sales consummated after the last day of the respective Calculation
Period or Test Period, as the case may be, shall be deducted from Consolidated Debt and
shall be deemed not to have been outstanding on the last day of the respective Calculation
Period or Test Period, as the case may be; and

(iv) in making any determination of Consolidated EBITDA on a Pro Forma
Basis, pro forma effect shall be given to any Permitted Acquisition or
Significant Asset Sale effected during the respective Calculation Period or Test Period (or
thereafter to the extent provided in the definition of Applicable Margin, for determinations
of the Applicable Margins, or as provided in Sections 8.14A and 8.14B (and the definition of
“Common Permitted Acquisition Conditions” in Section 11), for determinations pursuant to
Sections 8.14A and 8.14B (and the definition of “Common Permitted Acquisition Conditions” in
Section 11) only) as if same had occurred on the first day of the respective Calculation
Period or Test Period, as the case may be, taking into account, in the case of any Permitted
Acquisition, factually supportable and identifiable cost savings and expenses which would
otherwise be accounted for as an adjustment pursuant to Article 11 of Regulation S-X under
the Securities Act, as if such cost savings or expenses were realized on the first day of
the respective period.

“Projections” shall have the meaning provided in Section 5.16(b).

“Property” of a Person shall mean any and all property, whether real, personal,
tangible, intangible or mixed, of such Person, or other assets owned, leased, or operated by such
Person.

“Qualified ABL Jurisdictions” shall mean each jurisdiction identified on Part B of
Schedule V hereto and any other jurisdiction added to the list of Qualified Jurisdictions after the
Initial Borrowing Date in accordance with the requirements set forth in the definition of
“Qualified Jurisdiction” in Section 11, which is designated as a Qualified ABL Jurisdiction
in accordance with such requirements.

“Qualified Foreign Jurisdictions” shall mean and include each Qualified Jurisdiction
other than the United States (and the States and territories thereof).

“Qualified Foreign Obligors” shall mean the European Borrower and each Foreign Credit
Party which (x) is a Wholly-Owned Subsidiary of Exide U.S. organized under the laws of a Qualified
Foreign Jurisdiction, (y) has provided a full and unconditional guaranty (unlimited in amount (or
subject to such limits as may be necessary or advisable under local law as agreed to by the
Administrative Agent in consultation with its local counsel) of all Guaranteed Obligations (as
defined in the applicable Guaranties) pursuant to a Foreign Subsidiaries Guaranty and (z) has
executed the relevant Security Documents in accordance with the requirements of Sections 5 and 8.11
securing all such Guaranteed Obligations.

“Qualified Jurisdictions” shall mean and include the United States, Canada, The
Netherlands and each other jurisdiction identified on Part A of Schedule V hereto, in each case
including any states, provinces or other similar local units therein. Furthermore, from time to
time after the Initial Borrowing Date, Exide U.S. may request (by written notice to, and following
consultation with, the Administrative Agent) that one or more additional jurisdictions be added to
the list of Qualified Jurisdictions. In such event, such jurisdictions shall be added to (and
thereafter form part of) the list of Qualified Jurisdictions so long as, in each case, the
respective jurisdiction to be added is a jurisdiction in which Exide U.S. and/or any of its
Subsidiaries conducts business, the jurisdiction to be added is satisfactory to the Administrative
Agent (including with respect to the amount and enforceability of Foreign Subsidiaries Guaranties
that may be entered into by entities organized in such jurisdiction, as well as the security
interests (and enforceability thereof) that may be granted with respect to collateral (or various
classes of assets) located in such jurisdiction as well as any political risk associated with such
jurisdiction) and so long as Exide U.S. has furnished opinions of counsel, in each case from
counsel, and in form and substance, reasonably satisfactory to the Administrative Agent, concluding
that Subsidiaries of Exide U.S. organized under the laws of such jurisdiction may execute and
deliver a Foreign TL Subsidiaries Guaranty or Foreign ABL Subsidiaries Guaranty, as appropriate in
accordance with the Guaranty and Security Principles (unlimited in amount (or subject to such
limits as may be necessary or advisable under local law and which are satisfactory to the
Administrative Agent) and otherwise containing provisions reasonably consistent with the provisions
of the Foreign TL Subsidiaries Guaranties or Foreign ABL Subsidiaries Guaranties, as the case may
be, executed and delivered on the Initial Borrowing Date), the Intercompany Subordination Agreement
and such Security Documents as may be satisfactory to the Collateral Agent (generally consistent
with the Security Documents executed and delivered by Foreign TL Subsidiary Guarantors or the
Foreign ABL Subsidiary Guarantors, as the case may be, on the Initial Borrowing Date, and providing
security interests in such asset classes as shall be satisfactory to the Administrative Agent) and
that, in accordance with the laws of the respective jurisdiction, such Credit Documents shall
constitute the legal, valid and binding obligations, enforceable in accordance with their terms,
and (in the case of the Security Documents) create valid and perfected security interests under
applicable law (in each case subject to such customary exceptions (not inconsistent with the
requirements set forth above) as are satisfactory to the Administrative Agent). Each such
additional jurisdiction (if any) added to the list of Qualified Jurisdictions in accordance with
the requirements set forth above shall be deemed to be a Qualified TL Jurisdiction, unless such
jurisdiction is India, Hong Kong, Ireland or another jurisdiction that the Administrative Agent
determines, in its sole discretion, should be a Qualified ABL Jurisdiction, in which case such
additional Qualified Jurisdiction shall be a Qualified ABL Jurisdiction. The parties hereto further
agree that, in the discretion of the Administrative Agent, as a condition to the addition of any
jurisdiction to the list of Qualified Jurisdictions (or to the designation of any such additional
jurisdiction (other than India, Hong Kong or Ireland) as a Qualified ABL Jurisdiction), the
Administrative Agent may (but shall not be required to) request the consent of the Required Lenders
to such addition (or designation) and, in such event, the Administrative Agent shall be entitled to
wait for such consent before adding the respective jurisdiction to the list of Qualified
Jurisdictions (or designation such jurisdiction as a Qualified ABL Jurisdiction).

“Qualified Obligors” shall mean each Qualified U.S. Obligor and each Qualified Foreign
Obligor.

“Qualified Preferred Stock” shall mean any Preferred Equity of Exide U.S., the express
terms of which shall provide that dividends thereon shall not be required to be paid at any time
(and to the extent) that such payment would be prohibited by the terms of this Agreement or any
other agreement of Exide U.S. or any of its Subsidiaries relating to outstanding indebtedness and
which, by its terms (or by the terms of any security into which it is convertible or for which it
is exchangeable), or upon the happening of any event (including any change of control event),
cannot mature (excluding any maturity as the result of an optional redemption by the issuer
thereof) and is not mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, and
is not redeemable, or required to be repurchased, at the sole option of the holder thereof
(including, without limitation, upon the occurrence of an change of control event), in whole or in
part, on or prior to one year following the latest Maturity Date then in effect.

“Qualified TL Jurisdiction” shall mean each jurisdiction identified on Part C of
Schedule V hereto and any other jurisdiction added to the list of Qualified Jurisdictions after the
Initial Borrowing Date in accordance with the requirements set forth in the definition of
“Qualified Jurisdiction” in Section 11, which is not designated as a Qualified ABL
Jurisdiction in accordance with such requirements.

“Qualified U.S. Obligors” shall mean and include Exide U.S. and each other U.S. Credit
Party which is a Wholly-Owned Subsidiary of Exide U.S., provided that any Qualified U.S.
Obligor that is (or was) a Subsidiary of Exide U.S. shall cease to constitute a Qualified U.S.
Obligor at such time, if any, as such Subsidiary ceases to be a Wholly-Owned Subsidiary of Exide
U.S.

“Quarterly Payment Date” shall mean the last Business Day of each November, February,
May and August, it being understood that the first Quarterly Payment Date shall be the last
Business Day of the fiscal month ending August 2007.

“Quarterly Pricing Certificate” shall have the meaning provided in the definition of
Applicable Margin.

“Quebec Secured Party” shall have the meaning provided in Section 12.15(a).

“Quebec Security Granting Parties” shall have the meaning provided in Section
12.15(a).

“Ratings” shall have the meaning provided in Section 8.01(q).

“Real Property” of any Person shall mean all of the right, title and interest of such
Person in and to land, improvements and fixtures, including Leaseholds.

“Re-allocation Agreement” shall mean the Re-allocation Agreement dated May 15, 2007,
among the TL Lenders and the Administrative Agent, copies of which may be obtained by a TL Lender
from the Administrative Agent.

“Record” shall mean information that is inscribed on a tangible medium or which is
stored in an electronic or other medium and is retrievable in perceivable form.

“Recovery Event” shall mean the receipt by Exide U.S. or any of its Subsidiaries of
any insurance or condemnation proceeds payable (i) by reason of theft, physical destruction or
damage or any other similar event with respect to any properties or assets of Exide U.S. or any of
its Subsidiaries, (ii) by reason of any condemnation, taking, seizing or similar event with respect
to any properties or assets of Exide U.S. or any of its Subsidiaries or (iii) under any policy of
insurance required to be maintained under Section 8.03.

“Refinancing” shall mean the refinancing and repayment or other satisfaction in full
of all amounts outstanding under, and the termination of all commitments in respect of, all
Indebtedness to be Refinanced.

“Refinancing Documents” shall mean all of the agreements, documents and instruments
executed or delivered in connection with the Refinancing.

“Register” shall have the meaning provided in Section 13.17.

“Regulation D” shall mean Regulation D of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor to all or a portion thereof
establishing reserve requirements.

“Regulation T” shall mean Regulation T of the Board of Governors of the Federal
Reserve System as from to time in effect and any successor to all or any portion thereof.

“Regulation U” shall mean Regulation U of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor to all or a portion thereof.

“Regulation X” shall mean Regulation X of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor to all or any portion thereof.

“Release” shall have the meaning set forth in the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended (“CERCLA”) (42 U.S.C. Section
9601 et seq.).

“Rent Reserve” shall mean, a reserve established by the Administrative Agent in an
amount of up to three months rent payments made by any U.S. ABL Borrower or Specified Foreign
Borrowing Base ABL Subsidiary Guarantor for each facility at which Inventory of such U.S. ABL
Borrower or Specified Foreign Borrowing Base ABL Subsidiary Guarantor is located, in each case,
that is not subject to a Collateral Access Agreement (as reported to the Administrative Agent by
Exide U.S. from time to time as requested by the Administrative Agent), as such amount may be
adjusted from time to time by the Administrative Agent in its Permitted Discretion taking into
account any statutory provisions detailing the extent to which landlords may make claims against
Inventory located thereon.

“Replaced Lender” shall have the meaning provided in Section 1.13.

“Replacement Lender” shall have the meaning provided in Section 1.13.

“Reportable Event” shall mean an event described in Section 4043(c) of ERISA with
respect to a Plan that is subject to Title IV of ERISA other than those events as to which the
30-day notice period under ERISA has been waived under subsection .22, .23, .25, .27, or .28 of
PBGC Regulation Section 4043.

“Required Appraisal” shall have the meaning provided in Section 8.11(i).

“Required Lenders” shall mean each of (x) the TL Required Lenders and (y) the ABL
Required Lenders.

“Restricted” shall mean, when referring to cash or Cash Equivalents of Exide U.S. or
any of its Subsidiaries, that such cash or Cash Equivalents are subject to any Lien, permitted
under this Agreement, in favor of any Person other than the Collateral Agent for the benefit of the
Secured Creditors; provided that cash and Cash Equivalents, in an aggregate amount not
exceeding $10,000,000 at any time, that are held in accounts maintained in Asia, Australia or New
Zealand and are not generally available for use by Exide U.S. or its Subsidiaries outside of Asia,
Australia and/or New Zealand, shall be treated as “Restricted”.

“Restructuring Charges” shall mean non-recurring and other one-time costs incurred by
Exide U.S. in connection with the reorganization of its and its Subsidiaries’ business, operations
and structure in respect of (i) the implementation of lean manufacturing initiatives, (ii) plant
closures and the consolidation, relocation or elimination of operations, (iii) related severance
costs and other costs incurred in connection with the termination, relocation and training of
employees, and (iv) legal, consulting, employee retention and other advisor fees incurred in
connection with the Chapter 11 Cases and the related Plan of Reorganization.

“Returns” shall have the meaning provided in Section 7.19.

“Revolver Event of Default” shall mean shall mean any Event of Default under
Section 10.03 as a result of the Borrowers failing to be in compliance with Section 8.14A, 9.03A,
9.04A, 9.05A, 9.06A, 9.08 or 9.10A.

“Revolving Loan” shall have the meaning provided in Section 1.01(d) and shall include
all Agent Advances and all Mandatory Borrowings.

“Revolving Loan Commitment” shall mean, for each Lender, the amount set forth opposite
such Lender’s name in Schedule I directly below the column entitled “Revolving Loan
Commitment,” as the same may be (x) reduced from time to time or terminated pursuant to
Sections 3.02, 3.03 and/or 10, as applicable, (y) increased pursuant to Section 1.15 and
(z) adjusted from time to time as a result of assignments to or from such Lender pursuant to
Section 1.13 or 13.04(b).

“Revolving Loan Maturity Date” shall mean May 15, 2012.

“RL Facility Percentage” of any ABL Lender at any time shall be that percentage which
is equal to a fraction (expressed as a percentage) the numerator of which is the Revolving Loan
Commitment of such ABL Lender at such time and the denominator of which is the Total Revolving Loan
Commitment at such time, provided that if any such determination is to be made after the Total
Revolving Loan Commitment (and related sub-commitments) has (or have) terminated, the determination
of such percentages shall be made immediately before giving effect to such termination (but giving
effect to subsequent assignments effected in accordance with the relevant requirements of this
Agreement).

“S&P” shall mean Standard & Poor’s Ratings Services, a division of McGraw Hill, Inc.

“Scheduled Existing Indebtedness” shall mean Third Party Scheduled Existing
Indebtedness and Intercompany Scheduled Existing Indebtedness.

“Scheduled Repayment” shall have the meaning provided in Section 4.02(b).

“Scheduled Repayment Date” shall have the meaning provided in Section 4.02(b).

“SEC” shall mean the Securities and Exchange Commission or any successor thereto.

“Section 4.04(b)(ii) Certificate” shall have the meaning provided in Section
4.04(b)(ii).

“Secured Creditors” shall have the meaning provided in the respective Security
Documents, which shall in each case be consistent with the Guarantee and Security Principles.

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder.

“Security Agreement Collateral” shall mean all collateral in which any security
interest is granted pursuant to the Security Agreements.

“Security Agreements” shall mean the U.S. Security Agreement and each Foreign Security
Agreement.

“Security Document” shall mean and include each of the U.S. Security Agreement, the
U.S. Pledge Agreement, each Mortgage, each Foreign Security Agreement, each Foreign Pledge
Agreement and, after the execution and delivery thereof, each Additional Security Document
(including each Additional Mortgage).

“Senior Officer” shall mean (i) senior executive management of Exide U.S., (ii) the
general counsel of Exide U.S. and (iii) the division presidents of Exide U.S. and its Subsidiaries.

“Senior Secured Notes” shall mean Exide U.S.’s 10 1/2% Senior Secured Notes due 2013.
As used herein, the term “Senior Secured Notes” shall include any Exchange Senior Secured
Notes issued pursuant to the Senior Secured Notes Indenture in exchange for theretofore outstanding
Senior Secured Notes, as contemplated by the definition of Exchange Senior Secured Notes.

“Senior Secured Notes Cap Certificate” shall have the meaning provided in Section
8.01(p).

“Senior Secured Notes Documents” shall mean the Senior Secured Notes Indenture, the
Senior Secured Notes and each other agreement, document or instrument relating to the issuance of
the Senior Secured Notes, as in effect on the Effective Date and as the same may be amended,
modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

“Senior Secured Notes Indenture” shall mean the indenture, dated as of March 18, 2005,
among Exide U.S., certain Domestic Subsidiaries of Exide U.S. and SunTrust Bank, as Trustee, as in
effect on the Effective Date and, except as otherwise provided herein, as thereafter amended,
modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

“Senior Subordinated Convertible Notes” shall mean Exide U.S.’s Floating Rate
Convertible Senior Subordinated Notes due 2013. As used herein, the term “Senior Subordinated
Convertible Notes” shall include any Exchange Senior Subordinated Convertible Notes issued
pursuant to the Senior Subordinated Convertible Notes Indenture in exchange for theretofore
outstanding Senior Subordinated Convertible Notes, as contemplated by the definition of Exchange
Senior Subordinated Convertible Notes.

“Senior Subordinated Convertible Notes Documents” shall mean the Senior Subordinated
Convertible Notes Indenture, the Senior Subordinated Convertible Notes and each other agreement,
document or instrument relating to the issuance of the Senior Secured Notes, as in effect on the
Effective Date and as the same may be amended, modified and/or supplemented from time to time in
accordance with the terms hereof and thereof.

“Senior Subordinated Convertible Notes Indenture” shall mean the indenture, dated as
of March 18, 2005, among Exide U.S. and SunTrust Bank, as Trustee, as in effect on the Effective
Date and as thereafter amended, modified and/or supplemented from time to time in accordance with
the terms hereof and thereof.

“Settlement Date” shall have the meaning provided in Section 1.04(b).

“Shareholder Subordinated Note” shall mean an unsecured junior subordinated note
issued by Exide U.S. (and not guaranteed or supported in any way by any Subsidiary of Exide U.S.)
in the form of Exhibit R, as the same may be amended, modified and/or supplemented from time to
time in accordance with the terms hereof and thereof.

“Significant Asset Sale” shall mean each Asset Sale which generates Net Sale Proceeds
of at least $10,000,000.

“Solvency Certificate” shall have the meaning provided in Section 5.15(a).

“Spanish Holdco” shall mean Exide Transportation Holding Europe S.L., a company
organized under the laws of Spain; provided that, to the extent acceptable to the
Administrative Agent in its sole discretion, Exide U.S. may designate another Wholly-Owned Foreign
Subsidiary as the Spanish Holdco.

“Specified Foreign Borrowing Base ABL Subsidiary Guarantor” shall mean each Foreign
Borrowing Base ABL Subsidiary Guarantor located in Canada.

“Specified Foreign Currency Funding Capacity” at any date of determination, for any
ABL Lender, shall mean the ability of such ABL Lender to fund Revolving Loans denominated in Euros,
as set forth in the records of the Administrative Agent pursuant to the receipt by the
Administrative Agent of a notification in writing by such ABL Lender to the Administrative Agent
within 3 Business Days of such ABL Lender becoming an ABL Lender hereunder.

“Specified Foreign Currency Loan” shall have the meaning provided in Section 16.01.

“Specified Foreign Currency Participation” shall have the meaning provided in
Section 16.01.

“Specified Foreign Currency Participation Fee” shall have the meaning provided in
Section 16.06.

“Specified Foreign Currency Participation Settlement” shall have the meaning provided
in Section 16.02(i).

“Specified Foreign Currency Participation Settlement Amount” shall have the meaning
provided in Section 16.02(ii).

“Specified Foreign Currency Participation Settlement Date” shall have the meaning
provided in Section 16.02(i).

“Specified Foreign Currency Participation Settlement Period” shall have the meaning
provided in Section 16.02(i).

“Specified U.S. Subsidiaries” shall mean each of GNB Battery Technologies Japan, Inc.,
Exide de Mexico S de R.L. de C.V., Exide Technologies (Shanghai) Company Limited, Exide Manx,
Limited and Exide Al Dobowi.

“Standby Letter of Credit” shall have the meaning provided in Section 2.01(a).

“Start Date” shall have the meaning provided in the definition of Applicable Margin.

“Stated Amount” of each Letter of Credit shall, at any time, mean the maximum amount
available to be drawn thereunder (in each case determined without regard to whether any conditions
to drawing could then be met, but after giving effect to all previous drawings made thereunder),
provided that except as such term is used in Section 2.02, the “Stated Amount” of
each Euro Denominated Letter of Credit shall be, on any date of calculation, the U.S. Dollar
Equivalent of the maximum amount available to be drawn in Euros thereunder (determined without
regard to whether any conditions to drawing could then be met but after giving effect to all
previous drawings made thereunder).

“Sterling” and “£” shall mean freely transferable lawful money of the United
Kingdom (expressed in pounds sterling).

“Subsidiaries Guaranty” shall mean and include the U.S. Subsidiaries Guaranty, each
Foreign Subsidiaries Guaranty and any other guaranty executed and delivered by any Subsidiary of
Exide U.S. pursuant to any of Sections 8.11 and/or 9.13.

“Subsidiary” of any Person shall mean and include (i) any corporation more than 50% of
whose stock of any class or classes having by the terms thereof ordinary voting power to elect a
majority of the directors of such corporation (irrespective of whether or not at the time stock of
any class or classes of such corporation shall have or might have voting power by reason of the
happening of any contingency) is at the time owned by such Person directly or indirectly through
one or more Subsidiaries of such Person and (ii) any partnership, association, limited liability
company, joint venture or other entity (other than a corporation) in which such Person directly or
indirectly through one or more Subsidiaries of such Person, has more than a 50% Equity Interest at
the time.

“Subsidiary Guarantor” shall mean each Subsidiary of Exide U.S. that executes and
delivers any Subsidiaries Guaranty, unless and until such time as the respective Subsidiary is
released from all of its obligations under any relevant Subsidiaries Guaranty in accordance with
the terms and provisions thereof.

“Supermajority Lenders” of any Tranche shall mean those Non-Defaulting Lenders which
would constitute the Required Lenders under, and as defined in, this Agreement if (x) all
outstanding Obligations of the other Tranches under this Agreement were repaid in full and all
Commitments with respect thereto were terminated and (y) the percentage “50%” contained therein
were changed to “66-2/3%”.

“Swingline Expiry Date” shall mean the date that is five Business Days prior to the
Revolving Loan Maturity Date.

“Swingline Lender” shall mean DBNY, or any Person serving as a successor
Administrative Agent hereunder, in its capacity as a lender of Swingline Loans.

“Swingline Loan” shall have the meaning provided in Section 1.01(e).

“Syndication Agents” shall have the meaning provided in the first paragraph of this
Agreement.

“Syndication Date” shall mean the earlier of (i) the 90th day following the Initial
Borrowing Date and (ii) the date upon which the Administrative Agent determines (and notifies Exide
U.S. and the Lenders) that the primary syndication (and resultant addition of Persons as Lenders
pursuant to Section 13.04(b)) has been completed.

“Synthetic Lease” shall mean a lease transaction under which the parties intend that
(i) the lease will be treated as an “operating lease” by the lessee and (ii) the lessee will be
entitled to various tax and other benefits ordinarily available to owners (as opposed to lessees)
of like property.

“Taxes” shall have the meaning provided in Section 4.04(a).

“Term Loan Commitment” shall mean the U.S. Borrower Term Loan Commitment, European
Borrower U.S. Dollar Term Loan Commitment or European Borrower Euro Term Loan Commitment of any
Lender, as applicable.

“Term Loan Maturity Date” shall mean May 15, 2012.

“Term Loans” shall mean and include U.S. Borrower Term Loans and European Borrower
Term Loans.

“Termination Event” shall mean (i) the acceleration of the maturity of any Term Loans
pursuant to the provisions of Section 10 hereof or (ii) the failure of the relevant Borrower to pay
any principal of, or interest on, any Term Loans on, or within 5 Business Days after, the relevant
Maturity Date.

“Test Period” shall mean each period of four consecutive Fiscal Quarters then last
ended, in each case taken as one accounting period.

“Third Party Scheduled Existing Indebtedness” shall have the meaning provided in
Section 7.20.

“TL Borrowers” shall mean the U.S. Borrower and the European Borrower.

“TL Creditors” shall mean each Agent and each TL Lender.

“TL Credit Party” shall mean and include the U.S. Borrower, the European Borrower and
each TL Guarantor, as well as any other Subsidiary of Exide U.S. which at any time provides any
guarantee or security in respect of the TL Obligations.

“TL Event of Default” shall mean shall mean any Event of Default under Section 10.03
as a result of the Borrowers failing to be in compliance with Section 8.14B, 9.03B, 9.04B, 9.05B,
9.06B or 9.10B.

“TL Guarantors” shall mean the U.S. Subsidiary Guarantors, the U.S. Borrower, the
Foreign Joint Subsidiary Guarantors and the Foreign TL Subsidiary Guarantors.

“TL Lenders” shall mean Lenders with outstanding Term Loans.

“TL Obligations” shall mean all obligations (including guaranty obligations) of every
nature of each TL Credit Party from time to time owed to Agents (including former Agents), TL
Lenders or any of them (but not in their capacities as ABL Lenders, Issuing Lender or Swingline
Lender) under any Credit Document, whether for principal, premium, interest (including interest
accruing after the filing of a petition in bankruptcy or a similar proceeding with respect to such
Credit Party), fees, expenses (including Expenses), indemnification (including, without limitation,
pursuant to Section 13.01) or otherwise.

“TL Permitted Liens” shall have the meaning provided in Section 9.03B.

“TL Repayment Percentage” of any Tranche of Term Loans at any time shall be a fraction
(expressed as a percentage) (x) the numerator of which is the aggregate principal amount of
outstanding Term Loans of such Tranche (using the U.S. Dollar Equivalent of any amounts denominated
in Euros) and (y) the denominator of which is the sum of the aggregate principal amount of all
outstanding Term Loans at such time (using the U.S. Dollar Equivalent of any amounts denominated in
Euros).

“TL Required Lenders” shall mean Lenders, the sum of whose outstanding principal
(taking the U.S. Dollar Equivalent of any outstanding Euro Denominated Term Loans) of Term Loans
(or, if prior to the occurrence of the Credit Events on the Initial Borrowing Date, whose U.S.
Borrower Term Loan Commitments, European Borrower U.S. Dollar Term Loan Commitments and European
Borrower Euro Term Loan Commitments, taking the U.S. Dollar Equivalent of any such European
Borrower Euro Term Loan Commitments) as of any date of determination represent greater than 50% of
the sum of all outstanding principal (taking the U.S. Dollar Equivalent of any outstanding Euro
Denominated Term Loans) of Term Loans (or, if prior to the occurrence of the Credit Events on the
Initial Borrowing Date, the sum of all U.S. Borrower Term Loan Commitments, European Borrower U.S.
Dollar Term Loan Commitments and European Borrower Euro Term Loan Commitments, taking the U.S.
Dollar Equivalent of any such European Borrower Euro Term Loan Commitments) of Lenders at such
time.

“Total Borrowing Base” shall mean, as of any date of determination, the sum of the
U.S. Borrowing Base and the Foreign Borrowing Base.

“Total Commitment” shall mean, at any time, the sum of the Total Term Loan Commitment
and the Total Revolving Loan Commitment.

“Total European Borrower Euro Term Loan Commitment” shall mean, at any time, the sum
of the European Borrower Euro Term Loan Commitments of each of the Lenders with such a Commitment
at such time.

“Total European Borrower U.S. Dollar Term Loan Commitment” shall mean, at any time,
the sum of the European Borrower Term Loan Commitments of each of the Lenders with such a
Commitment at such time.

“Total Revolving Loan Commitment” shall mean, at any time, the sum of the Revolving
Loan Commitments of each of the Lenders at such time.

“Total Term Loan Commitment” shall mean, at any time, the sum of the Total U.S.
Borrower Term Loan Commitment, the Total European Borrower U.S. Dollar Term Loan Commitment and the
Total European Borrower Euro Term Loan Commitment.

“Total U.S. Borrower Term Loan Commitment” shall mean, at any time, the sum of the
U.S. Borrower Term Loan Commitments of each of the Lenders with such a Commitment at such time.

“Total Unutilized Revolving Loan Commitment” shall mean, at any time, an amount equal
to the remainder of (x) the Total Revolving Loan Commitment as in effect at such time less
(y) the Aggregate RL Facility Exposure at such time; provided that for purposes of the
definition of Applicable Commitment Fee Percentage (and as the term “Total Unutilized Revolving
Loan Commitment” is used therein) only, “Aggregate RL Facility Exposure” shall be
determined as provided in the definition thereof but for such purposes excluding Agent Advances and
the obligations described in clause (iii) of the definitions of Aggregate RL Facility Exposure
(and, in each case, treating same as if they were not outstandings).

“Trade Letter of Credit” shall have the meaning set forth in Section 2.01(a).

“Tranche” shall mean the respective facilities and commitments utilized in making
Loans hereunder, with there being seven separate Tranches (i.e., U.S. Borrower Term Loans, European
Borrower U.S. Dollar Term Loans, European Borrower Euro Term Loans, U.S. ABL Borrowers Revolving
Loans, European Borrower Revolving Loans, U.S. ABL Borrowers Swingline Loans and European Borrower
Swingline Loans; provided that for purposes of the definition of “Supermajority
Lenders”, “Majority Lenders” and Section 13.12(a), there shall be deemed to be four
separate Tranches (i.e., U.S. Borrower Term Loans, European Borrower U.S. Dollar Term Loans,
European Borrower Euro Term Loans and Revolving Loans).

“Transaction” shall mean, collectively, (i) the consummation of the Refinancing, (ii)
the entering into of the Credit Documents and the incurrence of all Loans and the issuance of all
Letters of Credit on the Initial Borrowing Date, and (iii) the payment of fees and expenses in
connection with the foregoing.

“Treaty” shall mean the Treaty establishing the European Community being the Treaty of
Rome of March 25, 1957, as amended by the Single European Act 1986, the Maastricht Treaty (which
was signed at Maastricht on February 7, 1992) and the Treaty of Amsterdam (which was signed in
Amsterdam on October 2, 1997).

“Type” shall mean the type of Loan determined with regard to the interest option
applicable thereto, i.e., whether a Base Rate Loan, a Eurodollar Loan, a Euro Denominated Loan
(other than a Euro Denominated Swingline Loan) or a Euro Denominated Swingline Loan.

“U.S.” or “United States” shall mean the United States of America.

“U.S. ABL Borrowers Revolving Loans” shall have the meaning provided in Section
1.01(d) and shall include all Agent Advances made to the U.S. ABL Borrowers.

“U.S. ABL Borrowers Revolving Note” shall have the meaning provided in
Section 1.05(a).

“U.S. ABL Borrowers Swingline Loan” shall have the meaning provided in
Section 1.01(f).

“U.S. ABL Borrowers Swingline Note” shall have the meaning provided in
Section 1.05(a).

“U.S. ABL Borrowers” shall have the meaning provided in the first paragraph of this
Agreement.

“U.S. ABL Borrowers Obligations” shall mean all amount owing to the Administrative
Agent, the Collateral Agent, any Issuing Lender or any ABL Lender by any U.S. ABL Borrower pursuant
to the terms of this Agreement or any other Credit Document.

“U.S. Borrower Guaranteed Obligations” shall mean the principal and interest on each
European Borrower U.S. Dollar Term Note, each European Borrower Euro Term Note, each European
Borrower Revolving Note, the European Borrower Swingline Note, and each European Borrower U.S.
Dollar Term Loan, each European Borrower Euro Term Loan, each European Borrower Revolving Loan and
each European Borrower Swingline Loan made under this Agreement, all reimbursement obligations and
Unpaid Drawings with respect to each Letter of Credit issued for the account of the European
Borrower, together with all the other obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities
(including, without limitation, indemnities, fees and interest thereon) of the European Borrower
and each other Foreign Credit Party to each Lender, each Agent, each Issuing Lender and the
Collateral Agent now existing or hereafter incurred under, arising out of or in connection with
this Agreement or any other Credit Document and the due performance and compliance by the European
Borrower and each other Foreign Credit Party with all the terms, conditions and agreements
contained in the Credit Documents to which it is a party.

“U.S. Borrower Guaranteed Party” shall mean the European Borrower and each Subsidiary
of Exide U.S. party to any Interest Rate Protection Agreement or Other Hedging Agreement with any
Secured Creditor.

“U.S. Borrower Letter of Credit” shall mean each Letter of Credit (which may be
denominated in U.S. Dollars or Euros) issued for the account of the U.S. ABL Borrowers pursuant to
Section 2.01 and designated as such by the U.S. ABL Borrowers in the respective Letter of Credit
Request.

“U.S. Borrower Letter of Credit Outstandings” shall mean, at any time, the sum of (i)
the aggregate Stated Amount of all outstanding U.S. Borrower Letters of Credit and (ii) the
aggregate amount of all Unpaid Drawings (taking the U.S. Dollar Equivalent of all amounts payable
in Euros) in respect of all U.S. Borrower Letters of Credit.

“U.S. Borrower Term Loan” shall have the meaning provided in Section 1.01(a).

“U.S. Borrower Term Loan Commitment” shall mean, with respect to each Lender, the
amount set forth opposite such Lender’s name in Schedule I (as in effect on the Initial Borrowing
Date) directly below the column entitled “U.S. Borrower Term Loan Commitment”, as the same
may be terminated pursuant to Sections 3.03 and/or 10.

“U.S. Borrower Term Note” shall have the meaning provided in Section 1.05(a).

“U.S. Borrower’s Guaranty” shall mean the guaranty of the U.S. Borrower pursuant to
Section 14.

“U.S. Borrowers” shall mean Exide U.S. and the U.S. ABL Borrowers.

“U.S. Borrowing Base” shall mean, as of any date of determination, the result of:

(a) 85% of the amount of Eligible U.S. Accounts, plus

(b) 85% times the then extant Net Orderly Liquidation Value of U.S. Borrowers’
Eligible U.S. Inventory, minus

(c) the aggregate amount of reserves, if any, established by the Administrative Agent
under Section 1.01(g) with respect to the U.S. Borrowing Base.

“U.S. Collection Account” shall mean each account established at a U.S. Collection
Bank subject to a Cash Management Control Agreement into which funds shall be transferred as
provided in Section 4.03(b).

“U.S. Collection Banks” shall have the meaning provided in Section 4.03(b)(i).

“U.S. Credit Party” shall mean Exide U.S., each U.S. ABL Borrower and each U.S.
Subsidiary Guarantor.

“U.S. Disbursement Account” shall mean each checking and/or disbursement account of
Exide U.S. and its Domestic Subsidiaries for their general corporate purposes, including for the
purpose of paying Exide U.S’ and its Domestic Subsidiaries’ trade payables and other operating
expenses.

“U.S. Dollar Denominated Letter of Credit” shall mean each Letter of Credit
denominated in Dollars.

“U.S. Dollar Denominated Letter of Credit Outstandings” shall mean, at any time, the
sum of (i) the aggregate Stated Amount of all outstanding U.S. Dollar Denominated Letters of Credit
at such time and (ii) the aggregate amount of all Unpaid Drawings with respect to U.S. Dollar
Denominated Letters of Credit at such time.

“U.S. Dollar Denominated Loan” shall mean all Loans denominated in U.S. Dollars, which
shall include each U.S. Borrower Term Loan, each European Borrower U.S. Dollar Term Loan, each
Revolving Loan made in Dollars and each Swingline Loan made in Dollars, as well as each Loan
converted into Dollars in accordance with the provisions of Section 1.14.

“U.S. Dollar Denominated Revolving Loan” shall mean all Revolving Loans incurred in
U.S. Dollars.

“U.S. Dollar Denominated Swingline Loan” shall mean all Swingline Loans incurred in
U.S. Dollars.

“U.S. Dollar Equivalent” of an amount denominated in a currency other than U.S.
Dollars shall mean, at any time for the determination thereof, the amount of U.S. Dollars which
could be purchased with the amount of such currency involved in such computation at the spot
exchange rate therefor as quoted by the Administrative Agent as of 11:00 A.M. (New York time) on
the date two Business Days prior to the date of any determination thereof for purchase on such date
(or, in the case of (1) any determination pursuant to Section 1.14 or 13.23 or Section 26 (or any
analogous provision) of any Subsidiaries Guaranty or (2) with respect to Euro Denominated Swingline
Loans, on the date of determination); provided that for purposes of (x) determining
compliance with Sections 1.01(c), (e) and (g), 2.01(c), 4.02(a) and 6.01 and (y) calculating Fees
pursuant to Section 3.01 (except Fees which are expressly required to be paid in a currency other
than U.S. Dollars pursuant to Section 3.01), the U.S. Dollar Equivalent of any amounts denominated
in a currency other than U.S. Dollars shall be revalued on a monthly basis using the spot exchange
rates therefor as quoted in the Wall Street Journal (or, if same does not provide such exchange
rates, on such other basis as is reasonably satisfactory to the Administrative Agent) on the last
Business Day of each calendar month, provided, however, that at any time during a
calendar month, if the Aggregate RL Facility Exposure (for the purposes of the determination
thereof, using the U.S. Dollar Equivalent as recalculated based on the spot exchange rate therefor
as quoted in the Wall Street Journal (or, if same does not provide such exchange rates, on such
other basis as is reasonably satisfactory to the Administrative Agent) on the respective date of
determination pursuant to this exception) would exceed 85% of the Total Revolving Loan Commitment,
then in the sole discretion of the Administrative Agent or at the request of the Required Lenders,
the U.S. Dollar Equivalent shall be reset based upon the spot exchange rates on such date as quoted
in the Wall Street Journal (or, if same does not provide such exchange rates, on such other basis
as is reasonably satisfactory to the Administrative Agent), which rates shall remain in effect
until the last Business Day of such calendar month or such earlier date, if any, as the rate is
reset pursuant to this proviso. Notwithstanding anything to the contrary contained in this
definition, at any time that a Default or an Event of Default then exists, the Administrative Agent
may revalue the U.S. Dollar Equivalent of any amounts outstanding under the Credit Documents in a
currency other than U.S. Dollars in its sole discretion.

“U.S. Dollars”, “Dollars” and the sign “$” shall each mean freely
transferable lawful money of the United States of America.

“U.S. GAAP” shall mean generally accepted accounting principles in the United States
of America as in effect from time to time; provided that determinations in accordance with U.S.
GAAP for purposes of Applicable Margins and Sections 4.02, 8.14A, 8,14B and 9, including defined
terms as used therein, and for all purposes of determining the Leverage Ratio, are subject (to the
extent provided therein) to Section 13.07(a).

“U.S. GAAS” shall mean generally accepted audit standards in the United States of
America as in effect from time to time.

“U.S. Mortgaged Property” shall mean each Real Property located in the United States
or any State or territory thereof with respect to which a Mortgage is required to be delivered
pursuant to the terms of this Agreement.

“U.S. Pledge Agreement” shall have the meaning provided in Section 5.10(a).

“U.S. Pledge Agreement Collateral” shall mean all of the “Collateral” as defined in
the U.S. Pledge Agreement.

“U.S. Security Agreement” shall have the meaning provided in Section 5.11.

“U.S. Security Documents” shall mean and include the U.S. Security Agreement, the U.S.
Pledge Agreement, each Mortgage covering a U.S. Mortgaged Property and each Additional Security
Document covering assets of a U.S. Credit Party situated in the United States.

“U.S. Subsidiaries Guaranty” shall have the meaning provided in Section 5.09(a) and
shall include any counterpart thereof and any other substantially identical guaranty executed and
delivered by any Subsidiary of Exide U.S. pursuant to Section 8.11 or 9.13.

“U.S. Subsidiary Guarantor” shall mean (i) each Wholly-Owned Domestic Subsidiary of
Exide U.S. as of the Initial Borrowing Date (other than EH International) and (ii) each other
Wholly-Owned Domestic Subsidiary of Exide U.S. created, established or acquired after the Initial
Borrowing Date which executes and delivers a U.S. Subsidiaries Guaranty, unless and until such time
as the respective Domestic Subsidiary ceases to constitute a Domestic Subsidiary or is released
from all of its obligations under its U.S. Subsidiaries Guaranty in accordance with the terms and
provisions thereof.

“UCC” shall mean the Uniform Commercial Code as in effect from time to time in the
relevant jurisdiction.

“Unfunded Current Liability” shall mean the amount, if any, by which the actuarial
present value of accumulated benefits of any Plan subject to Title IV of ERISA as of the close of
its most recent plan year, determined using actuarial assumptions at such time consistent with
those prescribed by Financial Account Standards No. 87, exceeds the fair market value of the assets
allocable to such liabilities.

“Unpaid Drawing” shall have the meaning provided in Section 2.05(a).

“Unpaid Supplier Reserve” shall mean, at any time, the amount equal to the percentage
applicable to Inventory in the calculation of the Foreign Borrowing Base multiplied by the
aggregate value of the Eligible Foreign Inventory which the Administrative Agent, acting reasonably
and in good faith, considers is or may be subject to a right of a supplier to repossess goods
pursuant to Section 81.1 of the Bankruptcy and Insolvency Act (Canada) or any other
laws of Canada or any other applicable jurisdiction granting revendication or similar rights to
unpaid suppliers, in each case, where such supplier’s right ranks or is capable of ranking in
priority to or pari passu with one or more of the Liens granted in the Security
Documents.

“Unrestricted” shall mean, when referring to cash or Cash Equivalents of Exide U.S. or
any of its Subsidiaries, that such cash or Cash Equivalents are not Restricted.

“Unutilized Revolving Loan Commitment” with respect to any ABL Lender, at any time,
shall mean such ABL Lender’s Revolving Loan Commitment at such time, if any, less the sum
of (i) the aggregate outstanding principal amount of Revolving Loans (taking the Dollar Equivalent
of any such Loans denominated in Euros) made by such ABL Lender (but in no event including any
Swingline Loans or Agent Advances) and then outstanding and (ii) the sum of such ABL Lender’s L/C
Participation Percentage of the Stated Amount of each Letter of Credit and any Unpaid Drawings
(taking the Dollar Equivalent of any amounts expressed in Euros) relating thereto.

“Wholly-Owned Domestic Subsidiary” shall mean, as to any Person, any Wholly-Owned
Subsidiary of such Person that is a Domestic Subsidiary of such Person.

“Wholly-Owned Foreign Subsidiary” shall mean, as to any Person, any Wholly-Owned
Subsidiary of such Person that is not a Domestic Subsidiary of such Person.

“Wholly-Owned Subsidiary” shall mean, as to any Person, (i) any corporation 100% of
whose capital stock (other than director’s qualifying shares and/or other nominal amounts of shares
required by applicable law to be held by Persons other than such Person) is at the time owned by
such Person and/or one or more Wholly-Owned Subsidiaries of such Person and (ii) any partnership,
limited liability company, association, joint venture or other entity in which such Person and/or
one or more Wholly-Owned Subsidiaries of such Person has a 100% Equity Interest at such time;
provided that any Foreign Subsidiary of such Person at least 90% of whose capital stock or
other Equity Interests are owned by such Person and/or one or more Wholly-Owned Subsidiaries
(determined after giving effect to this proviso) of such Person at such time shall be deemed to be
a Wholly-Owned Subsidiary of such Person.

“Written” (whether lower or upper case) or “in writing” shall mean any form of written
communication or a communication by means of telex, facsimile device, telegraph or cable.

SECTION 12. The Agents.

12.01 Appointment. (a)  Each Lender hereby irrevocably designates and appoints DBNY
as Administrative Agent for such Lender (for purposes of this Section 12, the term
“Administrative Agent” shall mean DBNY in its capacities as Administrative Agent and as
Collateral Agent hereunder and pursuant to the Security Documents) to act as specified herein and
in the other Credit Documents, and each such Lender hereby irrevocably authorizes the
Administrative Agent to take such action on its behalf under the provisions of this Agreement and
the other Credit Documents and to exercise such powers and perform such duties as are expressly
delegated to or required of the Administrative Agent by the terms of this Agreement and the other
Credit Documents, together with such other powers as are reasonably incidental thereto. Each of
the Agents may perform any of their respective duties under this Agreement, the other Credit
Documents and any other instruments and agreements referred to herein or therein by or through its
respective officers, directors, agents, employees or affiliates (it being understood and agreed,
for avoidance of doubt and without limiting the generality of the foregoing, that the
Administrative Agent and/or Collateral Agent may perform any of its duties under the Security
Documents by or through one or more of its affiliates).

(b) The provisions of this Section 12 are solely for the benefit of the Agents and the
Lenders, and neither Exide U.S. nor any of its Subsidiaries shall have any rights as a third party
beneficiary of any of the provisions hereof. In performing its functions and duties under this
Agreement, each Agent shall act solely as agent for the Lenders, and each Agent assumes no (and
shall not be deemed to have assumed any) obligation or relationship of agency or trust with or for
Exide U.S. or any of its Subsidiaries.

12.02 Nature of Duties. (a)  No Agent shall have any duties or responsibilities
except those expressly set forth in this Agreement and in the other Credit Documents. Neither any
Agent nor any of its officers, directors, agents, employees or affiliates shall be liable for any
action taken or omitted by it hereunder or under any other Credit Document or in connection
herewith or therewith, unless caused by its or their gross negligence or willful misconduct (as
determined by a court of competent jurisdiction in a final and non-appealable decision). The
duties of the Agents shall be mechanical and administrative in nature; no Agent shall have by
reason of this Agreement or any other Credit Document a fiduciary relationship in respect of any
Lender or the holder of any Note and nothing in this Agreement or in any other Credit Document,
expressed or implied, is intended to or shall be so construed as to impose upon any Agent any
obligations in respect of this Agreement or any other Credit Document except as expressly set forth
herein or therein, provided that the Agents shall be deemed to be a trustee and agent and
stand in a fiduciary relationship with respect to the Lenders and the holders of Notes for purposes
of any Security Document governed by the laws of a jurisdiction located outside the United States
where the Agents shall determine, based on advice of local counsel, that same is necessary or
desirable for purposes of realizing the benefits intended to be conferred pursuant to such Security
Document, and the Lenders hereby irrevocably designate each of the Agents as their trustee and
agent for such purpose and authorize each of the Agents to at any time and from time to time take
all actions (including, without limitation, making demand for all amounts then due and payable and
the exercise of other remedies) on their behalf in accordance with the terms of such Security
Document without the necessity of any notice to or further consent from any Lender, and the Lenders
hereby agree to indemnify the Agents (and each of their respective officers, directors, trustees,
employees, representatives and agents) and hold each of them harmless against any and all
liabilities, obligations (including removal or remedial actions), losses, damages, penalties,
claims, actions, judgments, suits, costs, expenses and disbursements (including reasonable
attorneys’ and consultants’ fees and disbursements) incurred by, imposed on or assessed against any
of them as a result of, or arising out of, or in any way related to, or by reason of, the taking of
any action or any omission to take action under any such Security Document unless such action is
taken or omitted to be taken with gross negligence or willful misconduct (as determined by a court
of competent jurisdiction in a final and non-appealable decision).

(b) Notwithstanding any other provision of this Agreement or any provision of any other Credit
Document, each of the Syndication Agents, Documentation Agents and Joint Lead Arrangers and Joint
Bookrunners designated as such on the cover page hereof is named as such for recognition purposes
only, and in their respective capacities as such shall have no powers, duties, responsibilities or
liabilities with respect to this Agreement or the other Credit Documents or the transactions
contemplated hereby and thereby; it being understood and agreed that each of the Syndication
Agents, Documentation Agents and Joint Lead Arrangers and Joint Bookrunners designated as such on
the cover page hereof shall be entitled to all indemnification and reimbursement rights in favor of
“Agents” as, and to the extent, provided for under Sections 12.07 and 13.01. Without
limitation of the foregoing, neither Syndication Agent, Documentation Agent, nor Joint Lead
Arranger and Joint Bookrunner designated as such on the cover page hereof shall, solely by reason
of this Agreement or any other Credit Documents, have any fiduciary relationship in respect of any
Lender or any other Person.

12.03 Certain Rights of the Agents. The Agents shall have the right to request
instructions from the Required Lenders at any time. If any Agent shall request instructions from
the Required Lenders with respect to any act or action (including failure to act) in connection
with this Agreement or any other Credit Document, such Agent shall be entitled to refrain from such
act or taking such action unless and until such Agent shall have received instructions from the
Required Lenders; and such Agent shall not incur liability to any Lender by reason of so
refraining. Without limiting the foregoing, neither any Lender nor the holder of any Note shall
have any right of action whatsoever against any Agent or any of its employees, directors, officers,
agents or affiliates as a result of such Agent or such other person acting or refraining from
acting hereunder or under any other Credit Document in accordance with the instructions of the
Required Lenders.

12.04 Reliance by Agents. Each Agent shall be entitled to rely, and shall be fully
protected (and shall have no liability to any Person) in relying, upon any note, writing,
resolution, notice, statement, certificate, telex, teletype or telecopier message, cablegram,
radiogram, order, telephone message or other document or conversation that such Agent believed, in
the absence of gross negligence or willful misconduct (as determined by a court of competent
jurisdiction in a final and non-appealable decision), to be the proper Person, and, with respect to
all legal matters pertaining to this Agreement and any other Credit Document and its duties
hereunder and thereunder, upon advice of counsel selected by such Agent (which may be counsel for
the Credit Parties) and, with respect to other matters, upon advice of independent public
accountants or other experts selected by it.

12.05 Notice of Default, etc. No Agent shall be deemed to have knowledge or notice of
the occurrence of any Default or Event of Default unless such Agent has actually received written
notice from a Lender or any Borrower referring to this Agreement, describing such Default or Event
of Default and stating that such notice is a “notice of default”. In the event that any Agent
receives such a notice, such Agent shall give prompt notice thereof to the Lenders. The Agents
shall take such action with respect to such Default or Event of Default as shall be reasonably
directed by the Required Lenders; provided that, unless and until any Agent shall have
received such directions, such Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of Default as it shall deem
advisable in the best interests of the Lenders (as determined by such Agent in its sole
discretion).

12.06 Nonreliance on Agents and Other Lenders. Independently and without reliance
upon any Agent, each Lender and the holder of each Note, to the extent it deems appropriate, has
made and shall continue to make its own independent investigation of the financial condition and
affairs of Exide U.S. and its Subsidiaries in connection with the making and the continuance of the
Loans and the taking or not taking of any action in connection herewith and, except as expressly
provided in this Agreement, no Agent shall have any duty or responsibility, either initially or on
a continuing basis, to provide any Lender or the holder of any Note with any credit or other
information with respect thereto, whether coming into its possession before the making of the Loans
or at any time or times thereafter. No Agent or their respective affiliates nor any of their
respective officers, directors, agents or employees shall be responsible to any Lender or the
holder of any Note for, or be required or have any duty to ascertain, inquire or verify the
accuracy of, (i) any recitals, statements, information, representations or warranties herein or in
any document, certificate or other writing delivered in connection herewith, (ii) the execution,
effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or
sufficiency of this Agreement or any other Credit Document, (iii) the financial condition of Exide
U.S. and any of its Subsidiaries, (iv) the performance or observance of any of the terms,
provisions or conditions of this Agreement or any other Credit Document, (v) the satisfaction of
any of the conditions precedent set forth in Section 5 or 6, or (vi) the existence or possible
existence of any Default or Event of Default.

12.07 Indemnification. (a)  To the extent any Agent (or any affiliate thereof) is not
reimbursed and indemnified by the Borrowers, the Lenders will reimburse and indemnify such Agent
(and any affiliate thereof) in proportion to their respective “percentages” as used in determining
the Required Lenders (determined as if there were no Defaulting Lenders), for and against any and
all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs,
expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or
incurred by such Agent (or any affiliate thereof) in performing its respective duties hereunder or
under any other Credit Document or in any way relating to or arising out of this Agreement or any
other Credit Document, provided that no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from such Agent’s gross negligence or willful misconduct (as determined by
a court of competent jurisdiction in a final and non-appealable decision).

(b) Any Agent shall be fully justified in failing or refusing to take any action hereunder and
under any other Credit Document (except actions expressly required to be taken by it hereunder or
under the Credit Documents) unless it shall first be indemnified to its satisfaction by the Lenders
pro rata against any and all liability, cost and expense that it may incur by reason of taking or
continuing to take any such action.

(c) The agreements in this Section 12.07 shall survive the payment of all Obligations.

12.08 Agents in their Individual Capacities. With respect to its obligation to make
Loans, or issue or participate in Letters of Credit, under this Agreement, each Agent shall have
the rights and powers specified herein for a “Lender” and may exercise the same rights and
powers as though it were not performing the duties specified herein; and the term “Lender”,
“Required Lenders”, “Supermajority Lenders”, “Majority Lenders”,
“holders of Notes” or any similar terms shall, unless the context clearly otherwise
indicates, include each Agent in its individual capacity. Each Agent and its affiliates may accept
deposits from, lend money to, and generally engage in any kind of banking, investment banking,
trust or other business with, or provide debt financing, equity capital or other services
(including financial advisory services) to, any Credit Party or any Affiliate of any Credit Party
(or any Person engaged in a similar business with any Credit Party or any Affiliate thereof) as if
they were not performing the duties specified herein, and may accept fees and other consideration
from any Credit Party or any Affiliate of any Credit Party for services in connection with this
Agreement and otherwise without having to account for the same to the Lenders.

12.09 Holders. The Administrative Agent may deem and treat the payee of any Note as
the owner thereof for all purposes hereof unless and until a written notice of the assignment,
transfer or endorsement thereof, as the case may be, shall have been filed with the Administrative
Agent. Any request, authority or consent of any Person or entity who, at the time of making such
request or giving such authority or consent, is the holder of any Note shall be conclusive and
binding on any subsequent holder, transferee, assignee or endorsee, as the case may be, of such
Note or of any Note or Notes issued in exchange therefor.

12.10 Resignation of the Agents. (a)  The Administrative Agent may resign from the
performance of all its respective functions and duties hereunder and/or under the other Credit
Documents (including, without limitation, its functions and duties as Collateral Agent) at any time
by giving 30 Business Days’ prior written notice to the Lenders and, unless a Default or an Event
of Default under Section 10.05 then exists, Exide U.S. Any such resignation by an Agent hereunder
shall also constitute its resignation (if applicable) as an Issuing Lender, Swingline Lender and
Fronting Lender, in which case the resigning Agent (x) shall not be required to issue any further
Letters of Credit or make any additional Swingline Loans or Specified Foreign Currency Loans
hereunder and (y) shall maintain all of its rights as Issuing Lender, Swingline Lender or Fronting
Lender, as the case may be, with respect to any Letter of Credit issued by it, or Swingline Loans
or Specified Foreign Currency Loans made by it, prior to the date of such resignation. Such
resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to
clauses (b) and (c) below or as otherwise provided below.

(b) Upon any such notice of resignation by the Administrative Agent, the Required Lenders
shall appoint a successor Administrative Agent, hereunder and/or under the other Credit Documents
who shall be a commercial bank or trust company acceptable to Exide U.S., which acceptance shall
not be unreasonably withheld or delayed (provided that Exide U.S.’s approval shall not be
required if an Event of Default then exists).

(c) If a successor Administrative Agent shall not have been so appointed within such 30
Business Day period, the Administrative Agent with the consent of Exide U.S. (which consent shall
not be unreasonably withheld or delayed, provided that Exide U.S.’s consent shall not be
required if an Event of Default then exists), shall then appoint a successor Administrative Agent
who shall serve as Administrative Agent hereunder and/or under the other Credit Documents until
such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided
above.

(d) If no successor Administrative Agent has been appointed pursuant to clause (b) or (c)
above by the 30th Business Day after the date such notice of resignation was given by the
Administrative Agent, the Administrative Agent’s resignation shall become effective and the
Required Lenders shall thereafter perform all the duties of the Administrative Agent hereunder
and/or under any other Credit Document until such time, if any, as the Lenders appoint a successor
Administrative Agent as provided above, provided that, with respect to the Administrative
Agent’s obligations a Collateral Agent, it shall continue to serve as Collateral Agent until a
successor Administrative Agent is appointed as provided above.

(e) Upon a resignation of any Agent pursuant to this Section 12.10, such Agent shall remain
indemnified to the extent provided in this Agreement and the other Credit Documents and the
provisions of this Section 12 shall continue in effect for the benefit of such Agent for all of its
actions and inactions while serving as such Agent.

12.11 Collateral Matters. (a)  Each Lender authorizes and directs the Collateral
Agent to enter into the Security Documents for the benefit of the Lenders and the other Secured
Creditors. Each Lender hereby agrees, and each holder of any Note or participant in Letters of
Credit by the acceptance thereof will be deemed to agree, that, except as otherwise set forth
herein, any action taken by the Required Lenders in accordance with the provisions of this
Agreement or the Security Documents, and the exercise by the Required Lenders of the powers set
forth herein or therein, together with such other powers as are reasonably incidental thereto,
shall be authorized and binding upon all of the Lenders. The Collateral Agent is hereby authorized
on behalf of all of the Lenders, without the necessity of any notice to or further consent from any
Lender, from time to time prior to an Event of Default, to take any action with respect to any
Collateral or Security Documents which may be necessary to perfect and maintain perfected the
security interest in and liens upon the Collateral granted pursuant to the Security Documents.

(b) The Lenders hereby authorize the Collateral Agent, at its option and in its discretion, to
release any Lien granted to or held by the Collateral Agent upon any Collateral (i) upon
termination of the Commitments and payment and satisfaction of all of the Obligations at any time
arising under or in respect of this Agreement or the Credit Documents or the transactions
contemplated hereby or thereby, (ii) constituting property being sold or otherwise disposed of (to
Persons other than Exide U.S. and its Subsidiaries) upon the sale or other disposition thereof in
compliance with Section 9.02, (iii) if approved, authorized or ratified in writing by the Required
Lenders (or all of the Lenders hereunder, to the extent required by Section 13.12) or (iv) as
otherwise may be expressly provided in the relevant Security Documents. Upon request by the
Administrative Agent at any time, the Lenders will confirm in writing the Collateral Agent’s
authority to release particular types or items of Collateral pursuant to this Section 12.11.

(c) The Collateral Agent shall have no obligation whatsoever to the Lenders or to any other
Person to assure that the Collateral exists or is owned by any Borrower or any of its Subsidiaries
or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or
pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or
enforced or are entitled to any particular priority, or to exercise or to continue exercising at
all or in any manner or under any duty of care, disclosure or fidelity any of the rights,
authorities and powers granted or available to the Collateral Agent in this Section 12.11 or in any
of the Security Documents, it being understood and agreed that in respect of the Collateral, or any
act, omission or event related thereto, the Collateral Agent may act in any manner it may deem
appropriate, in its sole discretion, given the Collateral Agent’s own interest in the Collateral as
one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to the
Lenders, except for its gross negligence or willful misconduct (as determined by a court of
competent jurisdiction in a final and non-appealable decision).

12.12 Delivery of Information. The Administrative Agent shall not be required to
deliver to any Lender originals or copies of any documents, instruments, notices, communications or
other information received by the Administrative Agent from any Borrower, any Subsidiary, the
Required Lenders, any Lender or any other Person under or in connection with this Agreement or any
other Credit Document except (i) as specifically provided in this Agreement or any other Credit
Document and (ii) as specifically requested from time to time in writing by any Lender with respect
to a specific document, instrument, notice or other written communication received by and in the
possession of the Administrative Agent at the time of receipt of such request and then only in
accordance with such specific request.

12.13  Special Appointment of Collateral Agent (Germany). (a) Without
prejudice to the generality of Section 12.11:

(i) each TL Creditor that is or will become party to this Agreement hereby appoints by
its acceptance of the benefits of the German Security, appoints on the terms set out in this
Section 12.13, the Collateral Agent as trustee (Treuhaender) and administrator for the
purpose of holding in trust (Treuhand) and administering, enforcing and releasing the German
Security for the Secured Creditors;

(ii) the Collateral Agent accepts its appointment as a trustee (Treuhaender) and
administrator of the German Security on the terms and subject to the conditions set out in
this Agreement; and

(iii) the Secured Creditors agree that, in relation to the German Security, no Secured
Creditor shall exercise any independent power to enforce any German Security or take any
other action in relation to the enforcement of the German Security, or make or receive any
declarations in relation thereto.

(b) The Collateral Agent shall hold and administer any German Security which is security
assigned, transferred or pledged under German law to it as a trustee (Treuhaender) for the benefit
of the Secured Creditors.

(c) Furthermore, each Secured Creditor hereby authorizes (bevollmaechtigt) the Collateral
Agent (with the right of sub-delegation) to enter into any documents evidencing German Security and
to make and accept all declarations and take all actions as it considers necessary or useful in
connection with any German Security on behalf of such Secured Creditor. The Collateral Agent shall
further be entitled to rescind, release, amend and/or execute new and different documents securing
the German Security. The Collateral Agent is released from the restrictions arising under
section 181 of the German Civil Code (Buergerliches Gesetzbuch) (restrictions on self-dealing).

(d) The Secured Creditors and the Collateral Agent agree that all rights and claims to be
constituted by an abstract acknowledgement of indebtedness to be entered into by certain Credit
Parties and the Collateral Agent and all proceeds held by the Collateral Agent pursuant to or in
connection with such abstract acknowledgement of indebtedness are held by the Collateral Agent with
effect from the date of such abstract acknowledgement of indebtedness on trust (treuhänderisch) for
the Secured Creditors and will be administered in accordance with this Agreement. The Secured
Creditors and the Collateral Agent agree further that the respective Credit Parties’ obligations
under such abstract acknowledgement of indebtedness shall not increase the total amount of the
secured Obligations under the Security Documents relating to German Security and shall not result
in any additional liability of any of the Credit Parties or otherwise prejudice the rights of any
of the Credit Parties under any Credit Document. Accordingly, payment of the obligations under
such abstract acknowledgement of indebtedness shall, to the same extent, discharge the
corresponding secured Obligations and vice versa.

12.14 Special Appointment of Collateral Agent (France). (a) Without prejudice to the
generality of Section 12.11:

(i) each Lender and each other Secured Creditor (as “mandants” under French Law), by
executing this Agreement (or an Assignment and Assumption Agreement), irrevocably appoints
the Collateral Agent to act as agent (“mandataire” under French Law) under and in connection
with the Foreign Security Documents governed by French law and any documents relating thereto
(collectively, the “French Collateral Documents”) and irrevocably authorizes the
Collateral Agent (i) to execute on its behalf the French Collateral Documents to which it is
a party, and (ii) to perform the duties and to exercise the rights, powers and discretions of
the Secured Creditors that are specifically delegated to it pursuant to this Agreement or the
French Collateral Documents in connection with such French Collateral Documents, together
with any other incidental rights, powers and discretions which are incidental thereto and
(iii) to give any discharge for any monies payable under the French Collateral Documents; and

(ii) each Lender and each other Secured Creditor irrevocably authorizes the Collateral
Agent for and on its behalf to exercise the rights, powers and discretions which are
specifically delegated to it by the terms of the French Collateral Documents and this
Agreement, together with all rights, powers and discretions which are incidental thereto and
to give any discharge for any monies payable under the French Collateral Documents.

(b) Notwithstanding Section 13.08 hereof, the provisions of this Section 12.14 shall be
governed by the laws of the France.

12.15 Special Appointment of Collateral Agent (Quebec). (a) Without limiting the
powers of the Administrative Agent and the Collateral Agent hereunder and under the Security
Documents, each ABL Creditor (for its benefit and the benefit of its affiliates), (all such ABL
Creditors (for their benefit and the benefit of their respective affiliates) are collectively
called, for purposes of this Section 12.15, the “Quebec Secured Parties”) and the
Collateral Agent (in its sole capacity as the initial holder of the Bonds (as defined below))
hereby acknowledges and agrees that the Collateral Agent shall, for the purposes of holding any
security granted under the Security Documents pursuant to the laws of the Province of Quebec to
secure payment of bonds (or any similar instruments) issued by Exide Canada Corporation or any
other Credit Party (collectively, the “Quebec Security Granting Parties”) (which bonds as
amended, restated, replaced, modified or supplemented at any time, for purposes of this Section
12.15, shall be hereinafter referred to as the “Bonds”), be the holder of an irrevocable
power of attorney (“fondé de pouvoir”) (within the meaning of Article 2692 of the Civil Code of
Quebec) for all present and future Quebec Secured Parties and holders of the Bonds. Each of the
Quebec Secured Parties and the Collateral Agent (solely in its capacity as the initial holder of
the Bonds) hereby ratifies the appointment of and constitutes, to the extent necessary, the
Collateral Agent as the holder of such irrevocable power of attorney (“fondé de pouvoir”) in order
to hold security granted by any one of the Quebec Security Granting Parties under the Credit
Documents in the Province of Quebec to secure payment of the Bonds. Each assignee Quebec Secured
Party and each assignee holder of Bonds shall be deemed to have confirmed and ratified the
constitution of the Collateral Agent as the holder of such irrevocable power of attorney (“fondé de
pouvoir”) by execution of the relevant agreements relating to such assignment. The Collateral Agent
agrees to act in such capacity. Furthermore, the Collateral Agent hereby agrees and each of the
other Quebec Secured Parties hereby appoints the Collateral Agent to act in the capacity of the
holder and depositary of the Bonds on its own behalf as Collateral Agent and for and on behalf and
for the benefit of all present and future Quebec Secured Parties. Each assignee Quebec Secured
Party shall be deemed to have confirmed and ratified the constitution of the Collateral Agent as
such holder and depositary of the Bonds by execution of the relevant agreements relating to such
assignment.

(b) The parties hereto expressly waive the provisions and protection of Section 32 of An Act
Respecting Special Powers of Legal Persons (Québec). The Collateral Agent may acquire and be the
holder of the Bonds or other titles of indebtedness. Each of parties hereto acknowledges and agrees
that the Bonds constitute a title of indebtedness as such term is used in Article 2692 of the Civil
Code of Quebec.

(c) Notwithstanding Section 13.08 hereof, the provisions of this Section 12.15 shall be
governed by the laws of the Province of Quebec and the federal laws of Canada applicable therein.

12.16 Special Appointment of Collateral Agent (Belgium). (a) Without prejudice to
the generality of Section 12.11, each TL Creditor that is or will become party to this Agreement
hereby authorizes and directs, by its acceptance of the benefits of the Foreign Security Agreements
over the business assets of any Belgian Credit Party (the “Belgian Pledges on Business
Assets”) hereby authorizes and directs, Deutsche Bank Luxembourg SA (“DBL”) to be the
collateral agent for the purpose of the Belgian Pledges on Business Assets. The provisions
applicable to the Collateral Agent shall apply mutatis mutandis to DBL for the purpose of the
Belgian Pledges on Business Assets.

(b) Without prejudice to the rights of the TL Creditors under the Belgian Pledges on Business
Assets, each such TL Creditor agrees that DBL shall be the obligee of the Belgian Credit Party with
respect to such Belgian Pledges on Business Assets and shall be entitled in its own name to claim
performance of the secured Obligations thereunder, and there shall be a solidarite active/actieve
hoofdelijkheid between DBL and the TL Creditors in relation thereto.

12.17 Special Appointment of Collateral Agent (Austria). (a) Without prejudice to
the generality of Section 12.11:

(i) each TL Creditor that is or will become party to this Agreement hereby assigns and
transfers, by its acceptance of the benefits of the Austrian Security assigns and transfers
on the terms set forth in this Section, to the Collateral Agent as nominee (“Treuhaender”)
for the purpose of holding, accepting, administering, enforcing and releasing in its own name
but for the account (“treuhaendig”) of each TL Creditor: (x) all obligations guaranteed by
the respective Foreign Subsidiary Guarantor by executing its Guaranty which obligations are
secured by the Austrian Security and (y) the Austrian Security of the Secured Creditors;

(ii) the Collateral Agent accepts the above assignment and transfer and its appointment
as a nominee (“Treuhaender”) of all obligations secured by the applicable Guaranty and takes
over all such obligations and accepts its appointment as a nominee (“Treuhaender”) of the
Austrian Security on the terms and subject to the conditions set out in this Agreement; and

(iii) the TL Creditors agree that, in relation to the Austrian Security, no TL Creditor
may dispose of any obligation which is secured by the Foreign Subsidiaries Guaranty or by the
Austrian Security or take any other action in relation to any obligation which is secured by
the Foreign Subsidiaries Guaranty or the Austrian Security, or make or receive any
declarations in relation thereto in its own name but only by directing the Collateral Agent
as nominee (“Treuhaender”) to act in the name of the Collateral Agent but for the account of
the TL Creditors since the Collateral Agent is holding all such obligations secured by the
applicable Guaranty or the Austrian Security in its own name.

(b) The Collateral Agent shall:

(i) hold and administer any obligation which is secured by the Austrian Security; and

(ii) hold and administer any Austrian Security which is pledged under Austrian law
(“verpfaendet”) or otherwise transferred (“uebertragen”) in accordance with Austrian law to
any of the TL Creditors under an accessory security right (“akzessorische Sicherheit”).

(c) Each TL Creditor hereby authorizes the Collateral Agent to accept, as its nominee
(“Treuhaender”), any Austrian Security created in favor of such TL Creditor.

Furthermore, each TL Creditor hereby authorizes the Collateral Agent (with the right of
sub-delegation) to enter in its own name but for the account of (“treuhaendig”) the TL Creditor
into any documents evidencing Austrian Security and to make and accept all declarations and take
all actions as it considers necessary or useful in connection with any Austrian Security in favor
of such TL Creditor. The Collateral Agent shall further be entitled to rescind, release, amend
and/or execute new and different documents securing the Austrian Security.

(d) The Collateral Agent shall, upon the request of a TL Creditor, re-assign and re-transfer
any obligation which is secured by the applicable Guaranty or the Austrian Security or any claim
and/or right or asset or proceeds arising from the Austrian Security or any accessory security
right which is held by the Collateral Agent on behalf of such TL Creditor as nominee
(“treuhaendig”) upon a respective request of such Lender, Issuing Lender or Secured Creditor in
accordance with the request and the terms and conditions of this Agreement without undue delay.

(e) Notwithstanding Section 13.08 hereof, the provisions of this Section 12.17 shall be
governed by the laws of Austria.

12.18 Special Appointment of Collateral Agent (Italy). (a) Without prejudice to the
generality of Section 12.11:

(i) each Lender and each other Secured Creditor (as “mandante” under Italian law), by
executing this Agreement, irrevocably appoints the Collateral Agent to act as agent
(“mandatario con rappresentanza” under Italian law) under and in connection with the Foreign
Security Documents governed by Italian law (collectively, the “Italian Collateral
Documents”) and irrevocably authorizes the Collateral Agent (x) to execute on its behalf
the Italian Collateral Documents, and (y) to perform the duties and to exercise the rights,
powers and discretions that are specifically delegated to it under or in connection with the
Italian Collateral Documents, together with any other incidental rights, powers and
discretions; and

(ii) each Lender and each other Secured Creditor irrevocably authorizes the Collateral
Agent for and on its behalf to exercise the rights, powers and discretions which are
specifically delegated to it by the terms of the Italian Collateral Documents and this
Agreement, together with all rights, powers and discretions which are incidental thereto and
to give any discharge for any monies payable under the Italian Collateral Documents.

(b) Notwithstanding Section 13.08 hereof, the provisions of this Section 12.18 shall be
governed by Italian law.

12.19 Special Appointment of Collateral Agent (Poland). (a) Without prejudice to the
generality of Section 12.11:

(i) each TL Creditor that is or will become party to this Agreement by its acceptance of
the benefits of the applicable Guaranty and/or any Foreign Security Document governed by
Polish law (collectively, the “Polish Collateral Documents”), hereby (as “mocodawca”
under Polish law) irrevocably appoints the Collateral Agent to act as agent (as “pe 3nomocnik”
under Polish law) under and in connection with the Polish Collateral Documents and
irrevocably authorizes the Collateral Agent (i) to execute on its behalf the Polish
Collateral Documents, and (ii) to perform the duties and to exercise the rights, powers and
discretions that are specifically delegated to it under or in connection with the Polish
Collateral Documents, together with any other incidental rights and powers, including,
without limitation, the ability to act as the pledge agent (“administrator zastawu”) within
the meaning of Art. 4 of the Polish Law on the registered pledge and pledge register dated
December 6, 1996; and

(ii) each TL Creditor that is or will become party to this Agreement by its acceptance
of the benefits of the Polish Collateral Documents, hereby irrevocably authorizes the
Collateral Agent for and on its behalf to exercise the rights, powers and discretions which
are specifically delegated to it by the terms of each of the Polish Collateral Documents and
this Agreement, together with all rights, powers and discretions which are incidental thereto
and to give any discharge for any monies payable under any Polish Collateral Documents.

(b) Notwithstanding Section 13.08 hereof, the provisions of Section 12.19 shall be governed by
the laws of Poland.

12.20 Special Appointment of Collateral Agent (Spain); Etc. (a) Without prejudice to
the generality of Section 12.11:

(i) each TL Creditor (as “mandante” and “poderante” under Spanish law), by executing
this Agreement, irrevocably appoints the Collateral Agent to act as agent with binding powers
(“mandatario con pderes de representacion” under Spanish law) under and in connection with
the Foreign Security Documents governed by Spanish law (collectively, the “Spanish
Collateral Documents”) and irrevocably authorizes the Collateral Agent (i) to execute on
its behalf the Spanish Collateral Documents, and (ii) to perform the duties and to exercise
the rights, powers and discretions that are specifically delegated to it under or in
connection with the Spanish Collateral Documents, together with any other incidental rights,
powers and discretions; and

(ii) each TL Creditor irrevocably authorizes the Collateral Agent for and on its behalf
to exercise the rights, powers and discretions which are specifically delegated to it by the
terms of each of the Spanish Collateral Documents and this Agreement, together with all
rights, powers and discretions which are incidental thereto and to give any discharge for any
monies payable under any Spanish Collateral Documents.

(b) Notwithstanding Section 13.08 hereof, the provisions of Section 12.20(a) shall be governed
by the laws of Spain.

(c) Notwithstanding anything to the contrary contained in this Agreement or any other Credit
Document, and solely for purposes of this Section 12.20(c) and each Spanish Collateral Document
pursuant to which the Collateral Agent has been granted a Lien over Real Property located in Spain
(each, a “Spanish Mortgage”), the Collateral Agent shall be deemed to have been granted an
assignment of European Borrower Term Loans by each TL Lender (on a pro rata basis) in an aggregate
amount equal to the aggregate amount of Obligations secured under each Spanish Mortgage.

12.21 Special Appointment of Collateral Agent (Denmark).Without prejudice to the
generality of Section 12.11:

(i) each TL Creditor that is or will become party to this Agreement hereby irrevocably
appoints the Collateral Agent to act as agent under and in connection with the Foreign
Security Documents governed by Danish law (collectively, the “Danish Collateral
Documents”) and irrevocably authorizes the Collateral Agent (i) to execute on its behalf
the Danish Collateral Documents, and (ii) to perform the duties and to exercise the rights,
powers and discretions that are specifically delegated to it under or in connection with the
Danish Collateral Documents, together with any other incidental rights and powers, including,
without limitation, the ability to act as Collateral Agent with respect thereto; and

(ii) each TL Creditor that is or will become party to this Agreement hereby irrevocably
authorizes the Collateral Agent for and on its behalf to exercise the rights, powers and
discretions which are specifically delegated to it by the terms of each of the Danish
Collateral Documents and this Agreement, together with all rights, powers and discretions
which are incidental thereto and to give any discharge for any monies payable under any
Danish Collateral Documents.

SECTION 13. Miscellaneous.

13.01 Payment of Expenses, etc. The Borrowers jointly and severally agree to: (i)
whether or not the transactions herein contemplated are consummated, pay all reasonable
out-of-pocket costs and expenses of the Agents (including, without limitation, the reasonable fees
and disbursements of White & Case LLP and local and foreign counsel) in connection with the
negotiation, preparation, execution and delivery of this Agreement and the other Credit Documents
and the documents and instruments referred to herein and therein and of the Agents in connection
with any amendment, waiver or consent relating hereto or thereto, and of each Agent in connection
with its syndication efforts with respect to this Agreement; (ii) pay all reasonable out-of-pocket
costs and expenses of each Agent, each Issuing Lender and each of the Lenders in connection with
the enforcement of the Credit Documents and the documents and instruments referred to therein
(including, without limitation, the reasonable fees and disbursements of counsel) and the
protection of the rights of each Agent, each Issuing Lender and each of the Lenders thereunder
(including, without limitation, the reasonable fees and disbursements of counsel (including
in-house counsel) for each Agent, each Issuing Lender and each of the Lenders); (iii) pay and hold
each of the Agents, each Issuing Lender and each of the Lenders harmless from and against any and
all present and future stamp, documentary, transfer, sales and use, value added, excise and other
similar taxes with respect to the foregoing matters, the performance of any obligation under this
Agreement or any other Credit Document or any payment thereunder, and save each of the Agents, each
Issuing Lender and each of the Lenders harmless from and against any and all liabilities with
respect to or resulting from any delay or omission (other than to the extent attributable to the
Agents, such Issuing Lender or such Lender) to pay such taxes; and (iv) indemnify each Agent, each
Issuing Lender and each Lender, their respective officers, directors, employees, representatives,
trustees and agents from and hold each of them harmless against any and all liabilities,
obligations (including removal or remedial actions), losses, damages, penalties, claims, actions,
costs, expenses and disbursements incurred by, imposed on or assessed against any of them as a
result of, or arising out of, or in any way related to, or by reason of, (a) any investigation,
litigation or other proceeding (whether or not any Agent, any Issuing Lender or any Lender is a
party thereto and whether or not any such investigation, litigation or other proceeding is between
or among any Agent, any Issuing Lender, any Lender, any Credit Party or any third Person or
otherwise) related to the entering into and/or performance of this Agreement or any other Document
or the use of any Letter of Credit or the proceeds of any Loans hereunder or the Transaction or the
consummation of any other transactions contemplated by any Document or the exercise or enforcement
of any of their rights or remedies provided herein or in the other Credit Documents (but excluding
any such liabilities, obligations, losses, damages, penalties, claims, actions, costs, expenses and
disbursements to the extent incurred by reason of the gross negligence or willful misconduct (as
determined by a court of competent jurisdiction in a final and non-appealable decision) of the
Person to be indemnified), or (b) the actual or alleged presence of Hazardous Materials in the air,
surface water or groundwater or on the surface or subsurface of any Real Property at any time
owned, leased or operated by any Credit Party or any of its Subsidiaries, the Release, generation,
storage, transportation, handling or disposal of Hazardous Materials at any location, whether or
not owned, leased or operated by any Credit Party or any of its Subsidiaries, the non-compliance of
any Real Property with foreign, federal, state and local laws, regulations, and ordinances
(including applicable permits thereunder) applicable to any Real Property, or any Environmental
Claim in connection with or relating to any Credit Party, any of its Subsidiaries or any of their
operations or activities or any Real Property at any time owned, leased or operated by any Credit
Party or any of its Subsidiaries, in each case, including, without limitation, the reasonable fees
and disbursements of counsel and independent consultants incurred in connection with any such
investigation, litigation or other proceeding (but excluding any such liabilities, obligations,
losses, damages, penalties, claims, actions, costs, expenses and disbursements to the extent
incurred by reason of the gross negligence or willful misconduct (as determined by a court of
competent jurisdiction in a final and non-appealable decision) of the Person to be indemnified)).
To the extent that the undertaking to indemnify, pay or hold harmless any Agent, any Issuing Lender
or any Lender set forth in the preceding sentence may be unenforceable because it is violative of
any law or public policy, the Borrowers hereby agree to make the maximum contribution to the
payment and satisfaction of each of the indemnified liabilities which is permissible under
applicable law.

13.02 Right of Setoff. (a)  In addition to any rights now or hereafter granted under
applicable law or otherwise, and not by way of limitation of any such rights, upon the occurrence
of an Event of Default, each Agent, each Issuing Lender and each Lender is hereby authorized at any
time or from time to time, without presentment, demand, protest or other notice of any kind to
Exide U.S. or any of its Subsidiaries or to any other Person, any such notice being hereby
expressly waived, to set off and to appropriate and apply any and all deposits (general or special)
and any other Indebtedness at any time held or owing by such Agent, such Issuing Lender or such
Lender (including, without limitation, by Affiliates, branches and agencies of such Agent, such
Issuing Lender or such Lender wherever located) to or for the credit or the account of Exide U.S.
or any of its Subsidiaries against and on account of the Obligations of Exide U.S. or such
Subsidiary, as the case may be, to such Agent, such Issuing Lender or such Lender under this
Agreement or under any of the other Credit Documents, including, without limitation, all interests
in Obligations purchased by such Lender pursuant to Section 13.06(b), all participations by any
Lender in any Swingline Loans or Letters of Credit as required pursuant to the provisions of this
Agreement and all other claims of any nature or description arising out of or connected with this
Agreement or any other Credit Document, irrespective of whether or not such Agent, such Issuing
Lender or such Lender shall have made any demand hereunder and although said Obligations shall be
contingent or unmatured. Each Borrower agrees that any Lender purchasing participations in one or
more Letters of Credit issued, or Swingline Loans made, to it as required by the provisions of this
Agreement, or purchasing participations as required by Section 13.06(b), may, to the fullest extent
permitted by law, exercise all rights (including without limitation the right of setoff) with
respect to such participations as fully as if such Lender is a direct creditor of such Borrower
with respect to such participations in the amount thereof.

(b) NOTWITHSTANDING THE FOREGOING SUBSECTION (a), AT ANY TIME THAT THE LOANS OR ANY
OTHER OBLIGATION SHALL BE SECURED BY REAL PROPERTY LOCATED IN CALIFORNIA, NO LENDER OR THE
ADMINISTRATIVE AGENT SHALL EXERCISE A RIGHT OF SETOFF, LIEN OR COUNTERCLAIM OR TAKE ANY COURT OR
ADMINISTRATIVE ACTION OR INSTITUTE ANY PROCEEDING TO ENFORCE ANY PROVISION OF THIS AGREEMENT OR ANY
NOTE UNLESS IT IS TAKEN WITH THE CONSENT OF THE REQUIRED LENDERS OR APPROVED IN WRITING BY THE
ADMINISTRATIVE AGENT, IF SUCH SETOFF OR ACTION OR PROCEEDING WOULD OR MIGHT (PURSUANT TO CALIFORNIA
CODE OF CIVIL PROCEDURE SECTIONS 580a, 580b, 580d AND 726 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE
OR SECTION 2924 OF THE CALIFORNIA CIVIL CODE, IF APPLICABLE, OR OTHERWISE) AFFECT OR IMPAIR THE
VALIDITY, PRIORITY OR ENFORCEABILITY OF THE LIENS GRANTED TO THE COLLATERAL AGENT PURSUANT TO THE
SECURITY DOCUMENTS OR THE ENFORCEABILITY OF THE NOTES AND OTHER OBLIGATIONS HEREUNDER, AND ANY
ATTEMPTED EXERCISE BY ANY LENDER OR THE ADMINISTRATIVE AGENT OF ANY SUCH RIGHT WITHOUT OBTAINING
SUCH CONSENT OF THE REQUIRED LENDERS OR THE ADMINISTRATIVE AGENT SHALL BE NULL AND VOID. THIS
SUBSECTION (b) SHALL BE SOLELY FOR THE BENEFIT OF EACH OF THE LENDERS AND THE ADMINISTRATIVE AGENT
HEREUNDER.

13.03 Notices. (a) Except as otherwise expressly provided herein, all notices and
other communications provided for hereunder shall be in writing (including telegraphic, telex,
facsimile or cable communication) and mailed, telegraphed, telexed, telecopied, cabled or
delivered: if to any Borrower, at the address specified opposite its signature below; if to any
Lender, at its address specified for such Lender on Schedule II; and if to the Administrative
Agent, at its Notice Office; or, as to any Borrower or any of the Agents, at such other address as
shall be designated by such party in a written notice to the other parties hereto and, as to each
Lender, at such other address as shall be designated by such Lender in a written notice to Exide
U.S. and the Administrative Agent. All such notices and communications shall be mailed,
telegraphed, telexed, telecopied or cabled or sent by overnight courier, and shall be effective
when received.

(b) Without in any way limiting the obligation of Exide U.S. and its Subsidiaries to confirm
in writing any telephonic notice permitted to be given hereunder, any Agent, any Swingline Lender
(in the case of a Borrowing of Swingline Loans) or any Issuing Lender (in the case of the issuance
of a Letter of Credit), as the case may be, may prior to receipt of written confirmation act
without liability upon the basis of such telephonic notice, believed by such Agent, such Swingline
Lender or such Issuing Lender in good faith to be from an Authorized Officer. In each such case,
each of the Borrowers hereby waive the right to dispute such Agent’s, such Swingline Lender’s or
such Issuing Lender’s record of the terms of such telephonic notice.

13.04 Benefit of Agreement. (a)  This Agreement shall be binding upon and inure to
the benefit of and be enforceable by the respective successors and assigns of the parties hereto;
provided, however, no Borrower may assign or transfer any of its rights,
obligations or interest hereunder or under any other Credit Document without the prior written
consent of each of the Lenders and, provided further, that, although any Lender may
(without the consent of any Credit Party) transfer, assign or grant participations in its rights
hereunder, such Lender shall remain a “Lender” for all purposes hereunder (and may not
transfer or assign all or any portion of its Commitments or Loans hereunder except as provided in
Section 13.04(b)) and the transferee, assignee or participant, as the case may be, shall not
constitute a “Lender” hereunder and, provided further, that no Lender shall
transfer or grant any participation under which the participant shall have rights to approve any
amendment to or waiver of this Agreement or any other Credit Document except to the extent such
amendment or waiver would (i) extend the final scheduled maturity of any Loan, Note, or Letter of
Credit (unless such Letter of Credit is not extended beyond the Revolving Loan Maturity Date) in
which such participant is participating, or reduce the rate or extend the time of payment of
interest or Fees thereon (except in connection with a waiver of applicability of any post-default
increase in interest rates) or reduce the principal amount thereof, or increase the amount of the
participant’s participation over the amount thereof then in effect (it being understood that a
waiver of any Default or Event of Default or of a mandatory reduction in the Total Commitment or of
a mandatory repayment of Loans shall not constitute a change in the terms of such participation,
that an increase in any Commitment or Loan shall be permitted without the consent of any
participant if the participant’s participation is not increased as a result thereof and that any
amendment or modification to the financial definitions in this Agreement (other than a modification
of the percentages set forth in the definition of “Applicable Margin”) shall not constitute
a reduction in any rate of interest or fees for purposes of this clause (i), notwithstanding the
fact that such amendment or modification actually results in such a reduction), (ii) consent to the
assignment or transfer by any Borrower of any of its rights and obligations under this Agreement or
(iii) release all or substantially all of the Collateral under all of the Security Documents
(except as expressly provided in the Security Documents) supporting the Obligations in which such
participant is participating. In the case of any such participation, (A) the participant shall not
have any rights under this Agreement or any of the other Credit Documents (the participant’s rights
against such Lender in respect of such participation to be those set forth in the agreement
executed by such Lender in favor of the participant relating thereto) and all amounts payable by
the Borrowers hereunder shall be determined as if such Lender had not sold such participation, (B)
following a Conversion Event each participant in respect of any Term Loans shall be entitled to
receive from relevant Borrowers any incremental costs and indemnities (including, without
limitation, pursuant to Section 1.10, 1.11, 2.06 and 4.04) directly from the applicable Borrowers
to the same extent as if it were the direct Lender as to which its interests were assigned after
the occurrence of a Conversion Event as opposed to a participant therein, which incremental costs
shall be calculated without regard to Section 1.12 and (C) each participant in respect of any Term
Loans shall have acknowledged in writing that it is bound by the terms of the Re-allocation
Agreement.

(b) Notwithstanding the foregoing, any Lender (or any Lender together with one or more other
Lenders) may (x) assign all or a portion of its Revolving Loan Commitment (and related outstanding
Obligations hereunder), and/or its outstanding Term Loans to (i) its parent company and/or any
affiliate of such Lender which is at least 50% owned by such Lender or its parent company, (ii) one
or more Lenders or (iii) in the case of any Lender that is a fund that invests in bank loans, any
other fund that invests in bank loans and is managed by the same investment advisor as a Lender or
by an Affiliate of such investment advisor or (y) assign all, or if less than all, a portion equal
to at least $1,000,000 in the aggregate for the assigning Lender or assigning Lenders, of such
Revolving Loan Commitments (and related outstanding Obligations hereunder) and/or outstanding
principal amount of Term Loans hereunder to one or more Eligible Transferees (treating (I) any fund
that invests in bank loans and (II) any other fund that invests in bank loans and is managed by the
same investment advisor as such fund or by an Affiliate of such investment advisor, as a single
Eligible Transferee), each of which assignees shall become a party to this Agreement as a Lender by
execution of an Assignment and Assumption Agreement, provided that (i) at such time
Schedule I shall be deemed modified to reflect the Revolving Loan Commitments and/or outstanding
Term Loans, as the case may be, of such new Lender and of the existing Lenders, (ii) upon request
of assigning or assignee Lender, and upon surrender of the old Notes (if any) or a lost Note(s)
indemnity in form reasonably satisfactory to the Administrative Agent, new Notes will be issued, at
the Borrowers’ expense, to such new Lender and to the assigning Lender, such new Notes to be in
conformity with the requirements of Section 1.05 (with appropriate modifications) to the extent
needed to reflect the revised Revolving Loan Commitments and/or outstanding Term Loans, as the case
may be, (iii) except in the case of assignments made by the Agents prior to the Syndication Date
and as part of the primary syndication of the Loans and Commitments, the consent of the
Administrative Agent and, so long as no Default or Event of Default then exists and is continuing,
the Borrowers shall be required in connection with any such assignment pursuant to clause (y) of
this Section 13.04(b) (which consent shall not be unreasonably withheld or delayed), (iv) the
consent of the Swingline Lender, the Fronting Lender (unless such assignment is to a Person that
will not be a Participating Specified Foreign Currency Lender) and each Issuing Lender shall be
required in connection with any assignment of Revolving Loan Commitments pursuant to this Section
13.04(b) (which consent shall not be unreasonably withheld or delayed), (v) the Administrative
Agent shall receive at the time of each such assignment, from the assigning or assignee Lender, the
payment of a non-refundable assignment fee of $3,500, (vi) at the time of each assignment pursuant
to this Section 13.04(b) to a Person which is not already a TL Lender hereunder, the respective
assignee shall have acknowledged in writing (which may be in the executed Assignment and Assumption
Agreement) that it is bound by the terms of the Re-Allocation Agreement and (vii) each assignment
by any Participating Specified Foreign Currency Lender shall require a Specified Foreign Currency
Participation Settlement with respect to such Participating Specified Foreign Currency Lender
unless the Fronting Lender agrees in its sole discretion that the respective assignee shall succeed
such Participating Foreign Currency Lender as a Participating Foreign Currency Lender itself, in
which case such assignee shall acquire the Specified Foreign Currency Participation of the
respective assignor and, provided further, that such transfer or assignment will
not be effective until recorded by the Administrative Agent on the Register pursuant to Section
13.17. To the extent of any assignment pursuant to this Section 13.04(b), the assigning Lender
shall be relieved of its obligations hereunder with respect to its assigned Commitments and/or
outstanding Term Loans, as the case may be. At the time of each assignment pursuant to this
Section 13.04(b) to a Person which is not already a Lender hereunder and which is not a United
States person (as such term is defined in Section 7701(a)(30) of the Code) for Federal income tax
purposes, the respective assignee Lender shall, to the extent legally entitled to do so, provide to
Exide U.S. and the Administrative Agent the appropriate Internal Revenue Service Forms (and, if
applicable, a Section 4.04(b)(ii) Certificate) described in Section 4.04(b)(ii) to the extent such
forms would provide a complete exemption from or reduction in United States withholding tax. At
the time of each assignment pursuant to this Section 13.04(b) to a Person which is not already a
Lender hereunder, the respective assignee Lender shall, to the extent legally entitled to do so,
provide to the European Borrower and the Administrative Agent the appropriate Netherlands Forms or
such other forms or certificates described in Section 4.04(c) to the extent the European Borrower
requests the assigned Lender to provide such forms or certificates and such forms or certificates
would provide a complete exemption from or reduction in Netherlands withholding tax. To the extent
that prior to the occurrence of a Termination Event an assignment of all or any portion of a
Lender’s Commitments and related outstanding Obligations pursuant to Section 1.13 or this Section
13.04(b) would, at the time of such assignment, result in increased costs under Section 1.10, 1.11,
2.06 or 4.04 from those being charged by the respective assigning Lender prior to such assignment,
then the Borrowers shall not be obligated to pay such increased costs (although the Borrowers, in
accordance with and pursuant to the other provisions of this Agreement, shall be obligated to pay
any other increased costs of the type described above resulting from changes after the date of the
respective assignment). Notwithstanding anything to the contrary contained above, at any time
after the termination of the Total Revolving Loan Commitment, if any Revolving Loans or Letters of
Credit remain outstanding, assignments may be made as provided above, except that the respective
assignment shall be of a portion of the outstanding Revolving Loans of the respective ABL Lender
and its participation in Letters of Credit and its obligation to make Mandatory Borrowings,
although any such assignment effected after the termination of the Total Revolving Loan Commitment
shall not release the assigning ABL Lender from its obligations as a participant with respect to
outstanding Letters of Credit or to fund its share of any Mandatory Borrowing (although the
respective assignee may agree, as between itself and the respective assigning ABL Lender, that it
shall be responsible for such amounts).

(c) Nothing in this Agreement shall prevent or prohibit any Lender from pledging its Loans and
Notes hereunder to a Federal Reserve Bank in support of borrowings made by such Lender from such
Federal Reserve Bank and, with prior notification to the Administrative Agent (but without the
consent of the Administrative Agent or any Borrower), any Lender which is a fund may pledge all or
any portion of its Notes or Loans to its trustee or to a collateral agent or to another creditor
providing credit or credit support to such Lender in support of its obligations to such trustee,
such Collateral Agent or a holder of, or any other representative of a holder of, such obligations,
or such other creditor, as the case may be. No pledge pursuant to this clause (c) shall release
the transferor Lender from any of its obligations hereunder.

13.05 No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or
any Lender in exercising any right, power or privilege hereunder or under any other Credit Document
and no course of dealing between any Credit Party and any Agent or any Lender shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, power or privilege hereunder
or under any other Credit Document preclude any other or further exercise thereof or the exercise
of any other right, power or privilege hereunder or thereunder. The rights and remedies herein
expressly provided are cumulative and not exclusive of any rights or remedies which any Agent or
any Lender would otherwise have. No notice to or demand on any Credit Party in any case shall
entitle any Credit Party to any other or further notice or demand in similar or other circumstances
or constitute a waiver of the rights of any Agent or any Lender to any other or further action in
any circumstances without notice or demand.

13.06 Payments Pro Rata. (a)  The Administrative Agent agrees that promptly after its
receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such
Credit Party, it shall, except as otherwise provided in this Agreement, distribute such payment to
the Lenders (other than any Lender that has consented in writing to waive its pro
rata share of such payment) pro rata based upon their respective shares, if
any, of the Obligations with respect to which such payment was received.

(b) Each of the Lenders agrees that, if it should receive any amount hereunder (whether by
voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s
lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents,
or otherwise) which is applicable to the payment of the principal of, or interest on, the Loans,
Unpaid Drawings or Fees, of a sum which with respect to the related sum or sums received by other
Lenders is in a greater proportion than the total of such Obligation then owed and due to such
Lender bears to the total of such Obligation then owed and due to all of the Lenders immediately
prior to such receipt, then such Lender receiving such excess payment shall purchase for cash
without recourse or warranty from the other Lenders an interest in the Obligations of the
respective Credit Party to such Lenders in such amount as shall result in a proportional
participation by all of the Lenders in such amount; provided that if all or any portion of such
excess amount is thereafter recovered from such Lender, such purchase shall be rescinded and the
purchase price restored to the extent of such recovery, but without interest.

(c) Notwithstanding anything to the contrary contained herein, the provisions of the preceding
Sections 13.06(a) and (b) shall be subject to the express provisions of this Agreement which
require, or permit, differing payments to be made to Non-Defaulting Lenders as opposed to
Defaulting Lenders.

13.07 Calculations; Computations. (a)  The financial statements to be furnished to
the Lenders pursuant hereto shall be made and prepared in accordance with U.S. GAAP consistently
applied throughout the periods involved (except as set forth in the notes thereto or as otherwise
disclosed in writing by Exide U.S. to the Lenders), provided that (i) except as otherwise
specifically provided herein, all computations determining the Applicable Margins, Excess Cash
Flow, and compliance with Sections 4, 8.14A, 8,14B and 9, including in each case definitions used
therein, shall, in each case, utilize United States accounting principles and policies in effect at
the time of the preparation of, and in conformity with those used to prepare, the historical
consolidated audited financial statements of Exide U.S. delivered to the Lenders pursuant to
Section 7.09(b) for the fiscal year of Exide U.S. ended March 31, 2006, (ii) to the extent
expressly required pursuant to the provisions of this Agreement, certain calculations shall be made
on a Pro Forma Basis, and (iii) for purposes of determining compliance with any
incurrence or expenditure tests set forth in Sections 8 and/or 9, any amounts so incurred or
expended (to the extent incurred or expended in a currency other than Dollars) shall be converted
into U.S. Dollars on the basis of the exchange rates (as shown on Reuters ECB page 37 or, if same
does not provide such exchange rates, on such other basis as is reasonably satisfactory to the
Administrative Agent) as in effect on the date of such incurrence or expenditure under any
provision of any such Section that has an aggregate U.S. Dollar limitation provided for therein
(and to the extent the respective incurrence or expenditure test regulates the aggregate amount
outstanding at any time and it is expressed in terms of U.S. Dollars, all outstanding amounts
originally incurred or spent in currencies other than U.S. Dollars shall be converted into U.S.
Dollars on the basis of the exchange rates (as shown on Reuters ECB page 37 or, if same does not
provide such exchange rates, on such other basis as is reasonably satisfactory to the
Administrative Agent) as in effect on the date of any new incurrence or expenditures made under any
provision of any such Section that regulates the U.S. Dollar amount outstanding at any time).

(b) All computations of interest, ABL Unused Fees and other Fees hereunder shall be
made on the basis of a year of 360 days for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest, ABL Unused Fees or
Fees are payable.

13.08 Governing Law; Submission to Jurisdiction; Venue. (a)  THIS AGREEMENT AND THE
OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER
SHALL, EXCEPT AS OTHERWISE PROVIDED IN CERTAIN OF THE SUBSIDIARIES GUARANTIES AND SECURITY
DOCUMENTS, BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
Any legal action or proceeding with respect to this Agreement or any other Credit Document may be
brought in the courts of the State of New York or of the United States for the Southern District of
New York, in each case located within the City of New York and, by execution and delivery of this
Agreement, each Borrower hereby irrevocably accepts for itself and in respect of its property,
generally and unconditionally, the jurisdiction of the aforesaid courts. Each Borrower hereby
irrevocably designates, appoints and empowers Corporation Service Company, presently located at
1133 Avenue of the Americas, Suite 3100, New York, New York, 10036, as its authorized designee,
appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its
property, service of any and all legal process, summons, notices and documents which may be served
in any such action or proceeding. If for any reason such authorized designee, appointee and agent
shall cease to be available to act as such, each Borrower agrees to designate a new authorized
designee, appointee and agent in New York City on the terms and for the purposes of this provision
reasonably satisfactory to the Administrative Agent under this Agreement. Each Borrower hereby
further irrevocably waives any claim that any such courts lack jurisdiction over such Borrower, and
agrees not to plead or claim, in any legal action or proceeding with respect to this Agreement or
any other Credit Document brought in any of the aforesaid courts, that any such court lacks
jurisdiction over such Borrower. Each Borrower further irrevocably consents to the service of
process in any such action or proceeding by the mailing of copies thereof by registered or
certified mail, postage prepaid, to such Borrower, as the case may be, at its address for notices
pursuant to Section 13.03, such service to become effective 30 days after such mailing. Each
Borrower hereby irrevocably waives any objection to such service of process and further irrevocably
waives and agrees not to plead or claim in any action or proceeding commenced hereunder or under
any other Credit Document that service of process was in any way invalid or ineffective. Nothing
herein shall affect the right of any Agent, any Lender or the holder of any Note to serve process
in any other manner permitted by law or to commence legal proceedings or otherwise proceed against
any Borrower in any other jurisdiction.

(b) EACH BORROWER HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN
CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH
COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.

13.09 Counterparts. This Agreement may be executed in any number of counterparts and
by the different parties hereto on separate counterparts, each of which when so executed and
delivered shall be an original, but all of which shall together constitute one and the same
instrument. A complete set of counterparts executed by all the parties hereto shall be lodged with
each Borrower and the Administrative Agent.

13.10 Effectiveness. This Agreement shall become effective on the date (the
“Effective Date”) on which each of the Borrowers, each Agent and each of the Lenders shall
have signed a counterpart hereof (whether the same or different counterparts) and shall have
delivered the same (including by way of facsimile or other electronic transmission) to the
Administrative Agent at the Notice Office or at the office of the Administrative Agents’ counsel.
The Administrative Agent will give Exide U.S. and each Lender prompt written notice of the
occurrence of the Effective Date.

13.11 Headings Descriptive. The headings of the several sections and subsections of
this Agreement are inserted for convenience only and shall not in any way affect the meaning or
construction of any provision of this Agreement.

13.12 Amendment or Waiver; etc.u> (a)  Neither this Agreement nor any other Credit
Document nor any terms hereof or thereof may be changed, waived, discharged or terminated unless
such change, waiver, discharge or termination is in writing signed by the respective Credit Parties
party thereto and (A) in the case of (x) any amendment, modification or waiver of Sections 1.01(g)
(or any of the definitions used in establishing reserves thereunder (provided that no
amendment, modification or waiver of any such definition pursuant to this clause (A) shall allow
for extensions of credit pursuant to the Total Revolving Loan Commitment at any time to exceed the
amount of the Total Revolving Loan Commitment at such time)), 4.03(b) through 4.03(f), inclusive
(or any of the definitions used therein affecting the cash dominion requirements set forth in
Section 5) 8.01(n), 8.01(o), 8.14A, 9.03A, 9.04A, 9.05A, 9.06A, 9.08 (or any of the financial
definitions used in determining compliance with Section 9.08 (but only for purposes of Section
9.08)), Section 9.10A, Section 10.03 (to the extent providing for or relating to any Revolver Event
of Default), the definition of Borrowing Base, Compliance Period, Discretionary Amount,
Discretionary Uses, Dominion Period, Excess Availability, Fixed Charge Coverage Ratio, Fixed
Charges, Payment Conditions, Revolver Event of Default or any of the definitions used in
determining the amount of any Borrowing Base (provided that no amendment, modification or
waiver of any such definition pursuant to this clause (A) shall allow for extensions of credit
pursuant to the Total Revolving Loan Commitment at any time to exceed the amount of the Total
Revolving Loan Commitment at such time) or any provision of clause (x) of the remedies paragraph
following Section 10.13, (y) any waiver of any Revolver Event of Default or (z) any amendment,
modification or waiver of any condition precedent set forth in Section 6 with respect to the making
of Revolving Loans, Swingline Loans or the issuance of Letters of Credit, the ABL Required Lenders,
(B) in the case of (x) any amendment, modification or waiver of Sections 8.14B, 9.03B, 9.04B, 9.06B
or 9.10B, Section 10.03 (to the extent providing for or relating to any TL Event of Default), the
definition of TL Event of Default, any provision of clause (y) of the remedies paragraph following
Section 10.13 or (y) any waiver of any TL Event of Default, the TL Required Lenders and (C) in the
case of any other change, waiver, discharge or termination of any other term or provision of this
Agreement or any other Credit Document, the Required Lenders (although additional parties may be
added to (and annexes may be modified to reflect such additions), and Subsidiaries of Exide U.S.
may be released from the Subsidiaries Guaranties and the Security Documents in accordance with the
provisions hereof and thereof without the consent of the other Credit Parties party thereto or the
Required Lenders), provided that no such change, waiver, discharge or termination shall,
without the consent of each Lender (other than a Defaulting Lender) (with Obligations being
directly affected thereby in the case of the following clause (i)), (i) extend the final scheduled
maturity of any Loan or Note or extend the stated maturity of any Letter of Credit beyond the
Revolving Loan Maturity Date, or reduce the rate or extend the time of payment of interest (other
than as a result of any waiver of the applicability of any post-default increase in interest rates)
or Fees thereon, or reduce or forgive the principal amount thereof (except to the extent paid in
cash) (it being understood that any amendment or modification to the financial definitions in this
Agreement shall not constitute a reduction in any rate of interest or fees for purposes of this
clause (i), notwithstanding the fact that such amendment or modification actually results in such a
reduction), (ii) release all or substantially all of the Collateral (except as expressly provided
in the Credit Documents) under all the Security Documents, (iii) amend, modify or waive any
provision of this Section 13.12 (except for technical amendments with respect to additional
extensions of credit pursuant to this Agreement which afford the protections to such additional
extensions of credit of the type provided to the U.S. Borrower Term Loans, European Borrower U.S.
Dollar Term Loans, European Borrower Euro Term Loans and the Revolving Loan Commitments on the
Effective Date), (iv) reduce the percentage specified in the definition of Required Lenders (it
being understood that, with the consent of the Required Lenders, additional extensions of credit
pursuant to this Agreement may be included in the determination of the Required Lenders on
substantially the same basis as the extensions of Term Loans and Revolving Loan Commitments are
included on the Effective Date), (v) consent to the assignment or transfer by any Borrower of any
of its rights and obligations under this Agreement or (vi) release Exide U.S.’s Guaranty;
provided further, that no such change, waiver, discharge or termination shall (p)
without the consent of the Fronting Lender, amend, modify or waive any provision of Section 16 or
alter its rights or obligations with respect to Specified Foreign Currency Loans, (q) without the
consent of the Supermajority Lenders of the affected Tranche, increase the advance rate percentages
contained in the definition of “U.S. Borrowing Base” or “Foreign Borrowing Base” from the
percentages set forth in such definitions in Section 11 on the Effective Date (or as same may be
amended from time to time pursuant to this clause (q)) in a manner which would have the effect of
increasing availability thereunder as determined in good faith by the Administrative Agent or the
Collateral Agent, (r) increase the Commitments of any Lender over the amount thereof then in effect
without the consent of such Lender (it being understood that waivers or modifications of conditions
precedent, covenants, Defaults or Events of Default or of a mandatory reduction in the Total
Commitment shall not constitute an increase of the Commitment of any Lender, and that an increase
in the available portion of any Commitment of any Lender shall not constitute an increase in the
Commitment of such Lender), (s) without the consent of each Issuing Lender affected thereby, amend,
modify or waive any provision of Section 2 or alter its rights or obligations with respect to
Letters of Credit, (t) without the consent of the Swingline Lender, alter its rights or obligations
with respect to Swingline Loans, (u) without the consent of each Agent affected thereby, amend,
modify or waive any provision of Section 12 as same applies to such Agent or any other provision as
same relates to the rights or obligations of such Agent, (v) without the consent of the Collateral
Agent, amend, modify or waive any provision relating to the rights or obligations of the Collateral
Agent, (w) except in cases where additional extensions of term loans and/or revolving loans are
being afforded substantially the same treatment afforded to the Term Loans and Revolving Loans
pursuant to this Agreement as originally in effect, without the consent of the Majority Lenders of
each Tranche which is being allocated a lesser prepayment, repayment or commitment reduction as a
result of the actions described below, alter the required application of any prepayments or
repayments (or commitment reduction), as between the various Tranches, pursuant to Section 4.01 or
4.02 (excluding Section 4.02(b)) (although the Required Lenders may waive, in whole or in part, any
such prepayment, repayment or commitment reduction, so long as the application, as amongst the
various Tranches, of any such prepayment, repayment or commitment reduction which is still required
to be made is not altered), (x) without the consent of the Majority Lenders of the respective
Tranche affected thereby, amend the definition of Majority Lenders (it being understood that, with
the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may
be included in the determination of the Majority Lenders on substantially the same basis as the
extensions of Loans and Commitments are included on the Effective Date), (y) except in cases where
additional extensions of term loans are being afforded substantially the same treatment afforded to
the Term Loans pursuant to Section 1.14 (as originally in effect) and except for technical
amendments which are consistent with the intent of the provisions of such Section and do not
adversely affect the protections afforded to the Lenders pursuant to said Section, without the
consent of the Majority Lenders of each Tranche adversely affected thereby, amend, modify or waive
any provisions of Section 1.14 or (z) without the consent of the Supermajority Lenders of the
respective Tranche, reduce the amount of or extend the date of, any Scheduled Repayment, (except
that, if additional Loans are made pursuant to a given Tranche, the Scheduled Repayments of such
Tranche may be increased on a proportionate basis without the consent otherwise required by this
clause (z)), or amend the definition of Supermajority Lenders (it being understood that, with the
consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be
included in the determination of the Supermajority Lenders on substantially the same basis as the
extensions of Loans and Commitments are included on the Effective Date). Notwithstanding anything
to the contrary contained above in this Section 13.12(a) or any other provision of any Credit
Document, the Administrative Agent may (but shall not be required to) make, without the consent of
the Lenders,  and Exide U.S. agrees to enter into and deliver (and to cause its Subsidiaries to
enter into and deliver) any amendments, supplements or other modifications to any Credit Document,
which the Administrative Agent shall determine in its sole discretion are of a formal, minor or
technical nature and would not be materially adverse to the interests of any Lend

(b) If, in connection with any proposed change, waiver, discharge or termination of or to any
of the provisions of this Agreement as contemplated by clauses (i) through (v), inclusive, of the
first proviso to Section 13.12(a), the consent of the Required Lenders is obtained but the consent
of one or more of such other Lenders whose consent is required is not obtained, then Exide U.S.
shall have the right, so long as all non-consenting Lenders whose individual consent is required
are treated as described in either clause (A) or (B) below, to either (A) replace each such
non-consenting Lender or Lenders (or, at the option of Exide U.S. if the respective Lender’s
consent is required with respect to less than all Tranches (or related Commitments), to replace
only the respective Tranche or Tranches of Commitments (and related Obligations) and/or Loans of
the respective non-consenting Lender which gave rise to the need to obtain such Lender’s individual
consent) with one or more Replacement Lenders pursuant to Section 1.13 so long as at the time of
such replacement, each such Replacement Lender consents to the proposed change, waiver, discharge
or termination or (B) terminate the Revolving Loan Commitment of such non-consenting Lender (if
such Lender’s consent is required as a result of its Revolving Loan Commitment), and/or repay
outstanding Obligations under each Tranche of such Lender which gave rise to the need to obtain
such Lender’s consent, in accordance with Sections 3.02(b) and/or 4.01, provided that,
unless the Commitments which are terminated and Loans and other Obligations which are repaid
pursuant to preceding clause (B) are immediately replaced in full at such time through the addition
of new Lenders or the increase of the Commitments and/or outstanding Loans of existing Lenders (who
in each case must specifically consent thereto), then in the case of any action pursuant to
preceding clause (B), the Required Lenders (determined both (x) after giving effect to the proposed
action and (y) as if the Commitments, Loans and related Obligations being terminated and/or repaid
(and not replaced) were not outstanding) shall specifically consent thereto, provided
further, that Exide U.S. shall not have the right to replace a Lender, terminate its
Commitment or repay its Loans or other Obligations solely as a result of the exercise of such
Lender’s rights (and the withholding of any required consent by such Lender) pursuant to the second
proviso to Section 13.12(a).

13.13 Survival. All indemnities set forth herein including, without limitation, in
Sections 1.10, 1.11, 2.06, 4.04, 12.07, 13.01 and 13.17, shall survive the execution and delivery
of this Agreement and the making and repayment of the Loans and the other Obligations.

13.14 Domicile of Loans and Commitments. Each Lender may transfer and carry its Loans
and/or Commitments at, to or for the account of any branch office, subsidiary or affiliate of such
Lender. Notwithstanding anything to the contrary contained herein, to the extent that a transfer
of Loans pursuant to this Section 13.14 would, at the time of such transfer, result in increased
costs under Section 1.10, 1.11, 2.06 or 4.04 from those being charged by the respective Lender
prior to such transfer, then the Borrowers shall not be obligated to pay such increased costs
(although the Borrowers shall be obligated to pay any other increased costs of the type described
above resulting from changes after the date of the respective transfer).

13.15 Confidentiality. (a)  Each of the Lenders agrees that it will use its
reasonable efforts not to disclose without the prior consent of any Borrower (other than to its
directors, employees, auditors, counsel or other professional advisors, to affiliates or to another
Lender if the Lender or such Lender’s holding or parent company in its sole discretion determines
that any such party should have access to such information) any information with respect to Exide
U.S. or any of its Subsidiaries which is now or in the future furnished pursuant to this Agreement;
provided that any Lender may disclose any such information (a) as has become generally
available to the public, (b) as may be required or appropriate (x) in any report, statement or
testimony submitted to any municipal, state or Federal regulatory body having or claiming to have
jurisdiction over such Lender or to the Federal Reserve Board or the Federal Deposit Insurance
Corporation or similar organizations (whether in the United States or elsewhere) or their
successors or (y) in connection with any request or requirement of any such regulatory body, (c) as
may be required or appropriate in response to any summons or subpoena or in connection with any
litigation, (d) to comply with any law, order, regulation or ruling applicable to such Lender, and
(e) to any creditor or any prospective transferee or participant in connection with any
contemplated transfer or participation of any of the Obligations or any interest therein by such
Lender; provided that such creditor or prospective transferee or participant agrees to be
bound by this Section 13.15 to the same extent as such Lender.

(b) Each Borrower hereby acknowledges and agrees that each Lender may share with any of its
affiliates or its investment advisors any information related to Exide U.S. or any of its
Subsidiaries (including, without limitation, any nonpublic customer information regarding the
creditworthiness of such entities), provided that such Persons shall be subject to the
provisions of this Section 13.15 to the same extent as such Lender and shall only use such
information in connection with matters relating to this Agreement.

(c) Each Borrower hereby represents and acknowledges that, to the best of its knowledge,
neither any Agent nor any Lender, nor any employees or agents of, or other persons affiliated with,
any Agent or any Lender, have directly or indirectly made or provided any statement (oral or
written) to such Borrower or to any of its employees or agents, or other persons affiliated with or
related to such Borrower (or, so far as such Borrower is aware, to any other person), as to the
potential tax consequences of the Transaction.

(d) Notwithstanding anything contained in this Agreement or in any other document, agreement
or understanding relating to the transactions contemplated by this Agreement, each party (and each
employee, representative, or other agent of such party) is authorized to disclose to any and all
persons, beginning immediately upon commencement of discussions regarding the transactions
contemplated by this Agreement, and without limitation of any kind, the U.S. federal, state or
local tax treatment and tax structure of such transactions, and all materials of any kind
(including opinions or other tax analyses) that are provided to such party (or any employee,
representative, or other agent of such party) relating to such tax treatment and tax structure.
For purposes of this authorization, the “tax treatment” of a transaction means the purported or
claimed tax treatment of the transaction, and the “tax structure” of a transaction means any fact
that may be relevant to understanding the purported or claimed tax treatment of the transaction.
None of the parties to the transactions contemplated by this Agreement provides U.S. tax advice,
and each party should consult its own advisors regarding its participation in the transactions
contemplated by this Agreement.

13.16 Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY.

13.17 Register. The Borrowers hereby designate the Administrative Agent, and the
Administrative Agent agrees, to serve as the Borrowers’ agent, solely for purposes of this Section
13.17, to maintain a register at one of its offices in New York, New York (the “Register”)
on which it will record the Commitments from time to time of each of the Lenders, the Loans made by
each of the Lenders and each repayment in respect of the principal amount of the Loans of each
Lender. Failure to make any such recordation, or any error in such recordation shall not affect
the Borrowers’ obligations in respect of such Loans. With respect to any Lender, the transfer of
the Commitments of such Lender and the rights to the principal of, and interest on, any Loan made
pursuant to such Commitments shall not be effective until such transfer is recorded on the Register
maintained by the Administrative Agent with respect to ownership of such Commitments and/or Loans
prior to such recordation all amounts owing to the transferor with respect to such Commitments
and/or Loans shall remain owing to the transferor. The registration of an assignment or transfer
of all or part of any Commitments and/or Loans shall be recorded by the Administrative Agent on the
Register only upon the acceptance by the Administrative Agent of a properly executed and delivered
Assignment and Assumption Agreement pursuant to Section 13.04(b). Coincident with the delivery of
such an Assignment and Assumption Agreement to the Administrative Agent for acceptance and
registration of assignment or transfer of all or part of a Commitment and/or Loan, or as soon
thereafter as practicable, the assigning or transferor Lender shall surrender the Note evidencing
such Commitment and/or Loan, and thereupon one or more new Notes in the same aggregate principal
amount shall be issued to the assigning or transferor Lender and/or the new Lender. The Register
shall be available for inspection by the Borrowers, any Issuing Lender and any Lender, at any
reasonable time and from time to time upon reasonable prior notice. The Borrowers agree to
indemnify the Administrative Agent from and against any and all losses, claims, damages and
liabilities of whatsoever nature that may be imposed on, asserted against or incurred by the
Administrative Agent in performing its duties under this Section 13.17.

13.18 English Language. This Agreement and all other Credit Documents shall be in the
English language, except as required by applicable local law (in which event certified English
translations thereof shall, upon the request of the Administrative Agent, be provided by Exide U.S.
to the Administrative Agent). All documents, certificates, reports or notices to be delivered or
communications to be given or made by any party hereto pursuant to the terms of this Agreement or
any other Credit Document shall be in the English language or, if originally written in another
language, shall, upon request of the Administrative Agent, be accompanied by an accurate English
translation upon which the other parties hereto shall have the right to rely for all purposes of
this Agreement and the other Credit Documents.

13.19 Special Provisions Regarding Pledges of Equity Interests in, and Promissory Notes
Owed by, Persons Not Organized in Qualified Jurisdictions. The parties hereto acknowledge and
agree that the provisions of the various Security Documents executed and delivered by the Credit
Parties require that, among other things, all promissory notes (including, without limitation,
Intercompany Notes) issued by, and Equity Interests in, various Persons owned by the respective
Credit Party be pledged, and delivered for pledge, pursuant to the Security Documents. The parties
hereto further acknowledge and agree that each Credit Party shall be required to take all actions
under the laws of the jurisdiction in which such Credit Party is organized to create and perfect
all security interests granted pursuant to the various Security Documents and to take all actions
under the laws of each Qualified Jurisdiction to perfect the security interests in the Equity
Interests of, and promissory notes (including, without limitation, Intercompany Notes) issued by,
any Person organized under the laws of said jurisdictions. Except as provided in the immediately
preceding sentence, to the extent any Security Document requires or provides for the pledge of
promissory notes (including, without limitation, Intercompany Notes) issued by, or Equity Interests
in, any Person organized under the laws of a jurisdiction other than those specified in the
immediately preceding sentence, it is acknowledged that, as of the Initial Borrowing Date, no
actions have been required to be taken to perfect, under local law of the jurisdiction of the
Person who issued the respective promissory notes or whose Equity Interests are pledged, under the
Security Documents. The Borrowers hereby agree that, following any request by the Administrative
Agent or Required Lenders to do so, each Borrower shall, and shall cause its Subsidiaries to, take
such actions (including, without limitation, the execution of Additional Security Documents, the
making of any filings and the delivery of appropriate legal opinions) under the local law of any
jurisdiction with respect to which such actions have not already been taken as are determined by
the Administrative Agent or Required Lenders to be necessary or desirable in order to fully
perfect, preserve or protect the security interests granted pursuant to the various Security
Documents under the laws of such jurisdictions. If requested to do so pursuant to this Section
13.19, all such actions shall be taken in accordance with the provisions of this Section 13.19 and
Section 8.11 and within the time periods set forth therein. All conditions and representations
contained in this Agreement and the other Credit Documents shall be deemed modified to the extent
necessary to effect the foregoing and so that same are not violated by reason of the failure to
take actions under local law (but only with respect to Equity Interests in, and promissory notes
issued by, Persons organized under laws of jurisdictions other than Qualified Jurisdictions) not
required to be taken in accordance with the provisions of this Section 13.19, provided that
to the extent any representation or warranty would not be true because the foregoing actions were
not taken, the respective representation of warranties shall be required to be true and correct in
all material respects at such time as the respective action is required to be taken in accordance
with the foregoing provisions of this Section 13.19 or pursuant to Section 8.11.

13.20 Powers of Attorney; etc. Exide U.S. is hereby authorized by, and on behalf of,
the European Borrower and U.S. ABL Borrowers to give Notices of Borrowing, Notices of Conversion
and other notices and directions in connection with the extensions of credit and repayments thereof
to be made pursuant to this Agreement to the European Borrower (including without limitation
notices as to the application of proceeds of such extensions of credit). The European Borrower and
each U.S. ABL Borrower hereby grants to Exide U.S. an irrevocable power-of attorney, in the name of
such Borrower, to take the actions contemplated above in this Section 13.20 and in the last
sentence of Section 1.13 hereof. Furthermore, the European Borrower agrees that the Agents and the
Lenders may at any time rely upon any notices, instructions or other information furnished by Exide
U.S.

13.21 Waiver of Sovereign Immunity. Each of the Borrowers, in respect of itself, its
Subsidiaries, its process agents, and its properties and revenues, hereby irrevocably agrees that,
to the extent that such Borrower, its Subsidiaries or any of its properties has or may hereafter
acquire any right of immunity, whether characterized as sovereign immunity or otherwise, from any
legal proceedings, whether in the United States, any other Qualified Jurisdiction or elsewhere, to
enforce or collect upon the Loans or any Credit Document or any other liability or obligation of
such Borrower or any of its Subsidiaries related to or arising from the transactions contemplated
by any of the Credit Documents, including, without limitation, immunity from service of process,
immunity from jurisdiction or judgment of any court or tribunal, immunity from execution of a
judgment, and immunity of any of its property from attachment prior to any entry of judgment, or
from attachment in aid of execution upon a judgment, such Borrower, for itself and on behalf of its
Subsidiaries, hereby expressly waives, to the fullest extent permissible under applicable law, any
such immunity, and agrees not to assert any such right or claim in any such proceeding, whether in
the United States, any other Qualified Jurisdiction, or elsewhere. Without limiting the generality
of the foregoing, each Borrower further agrees that the waivers set forth in this Section 13.21
shall have the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976 of the
United States and are intended to be irrevocable for purposes of such Act.

13.22 Judgment Currency. (a)  The Credit Parties’ obligations hereunder and under the
other Credit Documents to make payments in the respective Applicable Currency (the “Obligation
Currency”) shall not be discharged or satisfied by any tender or recovery pursuant to any
judgment expressed in or converted into any currency other than the Obligation Currency, except to
the extent that such tender or recovery results in the effective receipt by any Agent or the
respective Lender of the full amount of the Obligation Currency expressed to be payable to the such
Agent or such Lender under this Agreement or the other Credit Documents. If for the purpose of
obtaining or enforcing judgment against any Credit Party in any court or in any jurisdiction, it
becomes necessary to convert into or from any currency other than the Obligation Currency (such
other currency being hereinafter referred to as the “Judgment Currency”) an amount due in
the Obligation Currency, the conversion shall be made, at the Euro Equivalent or the U.S. Dollar
Equivalent thereof, as the case may be, and, in the case of other currencies, the rate of exchange
(as quoted by the Administrative Agent or if the Administrative Agent does not quote a rate of
exchange on such currency, by a known dealer in such currency designated by the Administrative
Agent) determined, in each case, as of the day on which the judgment is given (such day being
hereinafter referred to as the “Judgment Currency Conversion Date”).

(b) If there is a change in the rate of exchange prevailing between the Judgment Currency
Conversion Date and the date of actual payment of the amount due, each Borrower covenants and
agrees to pay, or cause to be paid, such additional amounts, if any (but in any event not a lesser
amount), as may be necessary to ensure that the amount paid in the Judgment Currency, when
converted at the rate of exchange prevailing on the date of payment, will produce the amount of the
Obligation Currency which could have been purchased with the amount of Judgment Currency stipulated
in the judgment or judicial award at the rate or exchange prevailing on the Judgment Currency
Conversion Date.

For purposes of determining the U.S. Dollar Equivalent or the Euro Equivalent or any other
rate of exchange for this Section, such amounts shall include any premium and costs payable in
connection with the purchase of the Obligation Currency.

13.23 Limitation on Additional Amounts. Notwithstanding anything to the contrary
contained in Section 1.10, 1.11, 2.06 or 4.04 unless a Lender gives notice to the Borrower that it
is obligated to pay an amount under any such Section within six months after the later of (x) the
date the Lender incurs the respective increased costs, Taxes, loss, expense or liability, reduction
in amounts received or receivable or reduction in return on capital or (y) the date such Lender has
actual knowledge of its incurrence of the respective increased costs, Taxes, loss, expense or
liability, reductions in amounts received or receivable or reduction in return on capital, then
such Lender shall only be entitled to be compensated for such amount by the Borrower pursuant to
said Section 1.10, 1.11, 2.06 or 4.04, as the case may be, to the extent the costs, Taxes, loss,
expense liability, reduction in amounts received or receivable or reduction in return on capital
are incurred or suffered on or after the date which occurs six months prior to such Lender giving
notice to the Borrower that it is obligated to pay the respective amounts pursuant to said Section
1.10, 1.11, 2.06 or 4.04. This Section 13.23 shall have no applicability to any Section of this
Agreement other than said Sections 1.10, 1.11, 2.06 or 4.04.

13.24 Post Closing Actions. Notwithstanding anything to the contrary contained in
this Agreement or the other Credit Documents, the parties hereto acknowledge and agree that Exide
U.S. and its Subsidiaries shall be required to take the actions specified in Schedule 13.24 as
promptly as practicable, and in any event within the time periods set forth in Schedule 13.24. The
provisions of Schedule 13.24 shall be deemed incorporated by reference herein as fully as if set
forth herein in its entirety. All provisions of this Credit Agreement and the other Credit
Documents (including, without limitation, all conditions precedent, representations, warranties,
covenants, events of default and other agreements herein and therein) shall be deemed modified to
the extent necessary to effect the foregoing (and to permit the taking of the actions described
above within the time periods required above, rather than as otherwise provided in the Credit
Documents); provided that (x) to the extent any representation and warranty would not be
true because the foregoing actions were not taken on the Initial Borrowing Date the respective
representation and warranty shall be required to be true and correct in all material respects at
the time the respective action is taken (or was required to be taken) in accordance with the
foregoing provisions of this Section 13.24 and (y) all representations and warranties relating to
the Security Documents shall be required to be true immediately after the actions required to be
taken by this Section 13.24 have been taken (or were required to be taken). The acceptance of the
benefits of each Credit Event shall constitute a covenant and agreement by each Borrower to each of
the Lenders that the actions required pursuant to this Section 13.24 will be, or have been, taken
within the relevant time periods referred to in this Section 13.24 and that, at such time, all
representations and warranties contained in this Credit Agreement and the other Credit Documents
shall then be true and correct in all material respects without any modification pursuant to this
Section 13.24. The parties hereto acknowledge and agree that the failure to take any of the
actions required above, within the relevant time periods required above, shall give rise to an
immediate Event of Default pursuant to this Agreement.

13.25 USA Patriot Act Notice. Each Lender hereby notifies each Borrower that pursuant
to the requirements of the USA Patriot Act (Title III of Pub.: 107-56 (signed into law October 26,
2001)) (the “Patriot Act”), it is required to obtain, verify, and record information that
identifies each Borrower, which information includes the name of each Borrower and other
information that will allow such Lender to identify each Borrower in accordance with the Patriot
Act, and each Borrower agrees to provide such information from time to time to any Lender.

13.26 Classified Information. Notwithstanding anything to the contrary contained in this
Agreement or any other Credit Document, no Lien or security interest over any materials or
information which is (or are) classified or required to be treated as confidential by the U.S.
government or any agency thereof may be enforced in a manner than would not be permitted under
applicable law (including, without limitation, the Department of Defense Industrial Security
Regulation and Industrial Security Manual for Safeguarding Classified Information (Department of
Defense Regulation 5220.22-M)).

13.27 Certain Intercreditor Arrangements.

(a) ABL/TL Intercreditor Provisions. Each of the Lenders hereby agrees to be bound by
the terms set forth in Annex N to the U.S. Security Agreement (the “ABL/TL Intercreditor
Provisions”), the terms of which are deemed incorporated herein by reference.

(b) Agreement Regarding ABL Credit Parties and TL Credit Parties.

(i) For avoidance of doubt, it is understood and agreed that certain Foreign
Subsidiaries of Exide U.S., each of which constitutes a Foreign TL Credit Party, which
guarantee the TL Obligations have granted security interests in their property and other
assets securing only the TL Obligations, and that as of the date of this Agreement, no such
security interests have been provided by the Foreign TL Credit Parties to secure any ABL
Obligations. It is understood and agreed by all parties hereto that the ABL/TL Intercreditor
Provisions do not apply to any security interests granted to secure the TL Obligations by the
Foreign TL Credit Parties, and that any assets or property pledged by any Foreign TL Credit
Party to secure (or which are subject to a Lien to secure) any TL Obligations shall not be
subject to the ABL/TL Intercreditor Provisions (and shall not require that parallel security
interests be granted in support of the ABL Obligations).

(ii) For avoidance of doubt, it is further understood and agreed that certain Foreign
Subsidiaries of Exide U.S., each of which constitutes a Foreign ABL Credit Party, which
guarantee the ABL Obligations have granted security interests in their property and other
assets securing only the ABL Obligations, and that as of the date of this Agreement, no such
security interests have been provided by any Foreign ABL Credit Party to secure any TL
Obligations. It is understood and agreed by all parties hereto that the ABL/TL Intercreditor
Provisions do not apply to any security interests granted to secure the ABL Obligations by
the Foreign ABL Credit Parties, and that any assets or property pledged by any ABL Credit
Party to secure (or which are subject to a Lien to secure) any ABL Obligations shall not be
subject to the ABL/TL Intercreditor Provisions (and shall not require that parallel security
interests be granted in support of the TL Obligations).

(c) Agreement Regarding Amendment to Existing Intercreditor Agreement. Each of the
Lenders hereby authorizes the Administrative Agent to enter into an amendment to the Existing
Intercreditor Agreement, pursuant to clause (x) of the proviso to Section 8.3 thereof, to clarify
that this Agreement is the “First-Lien Credit Agreement” under, and pursuant to the terms of, the
Existing Intercreditor Agreement.

13.28 Exide U.S. as Agent for the U.S. ABL Borrowers. Each U.S. ABL Borrower hereby
irrevocably appoints Exide U.S. as its agent and attorney-in-fact for all purposes under this
Agreement and each other Credit Document, which appointment shall remain in full force and effect
unless and until the Administrative Agent shall have received prior written notice signed by the
respective appointing U.S. ABL Borrower that such appointment has been revoked. Each U.S. ABL
Borrower hereby irrevocably appoints and authorizes Exide U.S. (i) to provide the Administrative
Agent with all notices with respect to Loans and Letters of Credit obtained for the benefit of any
U.S. ABL Borrower and all other notices and instructions under this Agreement or any other Credit
Document and (ii) to take such action as Exide U.S. deems appropriate on its behalf to obtain Loans
and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to
carry out the purposes of this Agreement and the other Credit Documents. It is understood that the
handling of the Credit Account and the Collateral of the U.S. ABL Borrowers in a combined fashion,
as more fully set forth herein, is done solely as an accommodation to the U.S. ABL Borrowers in
order to utilize the collective borrowing powers of the U.S. ABL Borrowers in the most efficient
and economical manner and at their request, and that the Lenders shall not incur liability to any
U.S. ABL Borrower as a result hereof, except for liability of a Lender that has been finally
determined by a court of competent jurisdiction to have resulted solely from the gross negligence
or willful misconduct of such Lender. Each U.S. ABL Borrower expects to derive benefit, directly
or indirectly, from the handling of the Credit Account and the Collateral in a combined fashion
since the successful operation of each U.S. ABL Borrower is dependent on the continued successful
performance of the integrated group. To induce the Lenders to do so, and in consideration thereof,
each U.S. ABL Borrower hereby jointly and severally agrees to indemnify each Lender and hold each
Lender harmless against any and all liability, expense, loss or claim of damage or injury, made
against any Lender by any U.S. ABL Borrower or by any third party whosoever, arising from or
incurred by reason of (a) the handling of the Credit Account and Collateral of the U.S. ABL
Borrowers as herein provided, (b) the Lenders’ relying on any instructions of Exide U.S., or (c)
any other action taken by the Lenders hereunder or under the other Credit Documents, except that
the U.S. ABL Borrowers will have no liability to any Lender, the Administrative Agent or the
Collateral Agent with respect to any liability that has been finally determined by a court of
competent jurisdiction to have resulted solely from the gross negligence or willful misconduct of
such Lender, the Administrative Agent or the Collateral Agent, as the case may be.

13.29 TL Lender Acknowledgment. Each TL Lender acknowledges that it is subject to and
bound by the Re-Allocation Agreement. The Re-allocation Agreement is an agreement solely amongst
the TL Lenders (and their successors and assigns) and is not an agreement to which Exide U.S. or
any of its Subsidiaries is party. As more fully provided therein, the Re-allocation Agreement can
only be amended by the parties thereto in accordance with the provisions thereof.

13.30 Secured Hedging Agreements. On or prior to the date on which Exide U.S. or any
other U.S. ABL Borrower shall enter into any Interest Rate Protection Agreement or Other Hedging
Agreement with one or more Lenders or any affiliate thereof, or within 30 days after the entering
into of the respective such agreement, Exide U.S. shall, if it wishes that the respective Interest
Rate Protection Agreement or Other Hedging Agreement be secured pursuant to the U.S. Security
Documents, notify the Administrative Agent in writing whether such Secured Hedging Agreement is to
be (x) equally and ratably secured with the ABL Obligations of the U.S. ABL Borrowers (a “Pari
Passu ABL Hedging Agreement”) or (y) equally and ratably secured with the TL Obligations of
the U.S. Borrower (a “Pari Passu TL Hedging Agreement”), in each case pursuant to the U.S.
Security Documents and in accordance with the Guaranty and Security Principles. If Exide U.S. shall
fail to deliver such notice within the time period described above, such Interest Rate Protection
Agreement or Other Hedging Agreement shall not be secured pursuant to the U.S. Security Documents,
and shall not constitute a Secured Hedging Agreement (as defined in the respective U.S. Security
Documents) for purposes thereof. The parties hereto understand and agree that the provisions of
this Section 13.30 are made for the benefit of the Lenders and their affiliates which become
parties to Secured Hedging Agreements, and agree that any amendments or modifications to the
provisions of this Section 13.30 shall not be effective with respect to any Secured Hedging
Agreement entered into prior to the date of respective amendment or modification of this Section
13.30 (without the written consent of the relevant parties thereto which become Secured Creditors
in accordance with this Section 13.30).

13.31 Release of U.S. ABL Borrowers. In the event that all of the Equity Interests of
one or more U.S. ABL Borrowers (other than Exide U.S.) is sold or otherwise disposed of or
liquidated in compliance with the requirements of Section 9.02 (or such sale, other disposition or
liquidation has been approved in writing by the Required Lenders (or all Lenders if required by
Section 13.12)) and the proceeds of such sale, disposition or liquidation are applied in accordance
with the provisions of Section 4.02(c), to the extent applicable, such U.S. ABL Borrower shall,
upon consummation of such sale or other disposition (except to the extent that such sale or
disposition is to Exide U.S. or any of its Wholly-Owned Subsidiaries), be released from this
Agreement and each remaining U.S. ABL Borrower agrees that, with no action on its part required,
the remaining U.S. ABL Borrowers shall remain jointly and severally liable for all U.S. ABL
Borrowers Obligations.

13.32 ABL Covenants; TL Covenants. Notwithstanding anything to the contrary contained
in this Agreement, (x) at such time that the Total Revolving Loan Commitment has been terminated,
no Letters of Credit, U.S. Borrower Revolving Notes, European Borrower Revolving Notes, U.S.
Borrower Swingline Notes or European Borrower Swingline Notes are outstanding and all Revolving
Loans and Swingline Loans, together with all interest and Fees applicable thereto and all other ABL
Obligations (other than any indemnities described in Section 13.13 which are not then due and
payable) incurred hereunder, are paid in full in cash, the terms of Sections 8.14A, 9.03A, 9.04A,
9.05A, 9.06A, 9.08 and 9.10A shall cease to apply to Exide U.S. and its Subsidiaries and (y) at
such time that the Total Term Loan Commitment has been terminated, no U.S. Borrower Term Notes,
European Borrower U.S. Dollar Term Notes, or European Borrower Euro Term Notes are outstanding and
all Term Loans, together with all interest and Fees applicable thereto and all other TL Obligations
(other than any indemnities described in Section 13.13 which are not then due and payable) incurred
hereunder, are paid in full in cash, the terms of Sections 8.14B, 9.03B, 9.04B, 9.05B, 9.06B and
9.10B shall cease to apply to Exide U.S. and its Subsidiaries.

SECTION 14. The U.S. Borrower’s Guaranty.

14.01 The U.S. Borrower’s Guaranty. In order to induce the Lenders to enter into this
Agreement and to extend credit hereunder and to induce the Lenders or any of their respective
Affiliates to enter into Interest Rate Protection Agreements or Other Hedging Agreements, and in
recognition of the direct benefits to be received by the U.S. Borrower from the proceeds of the
Loans, the issuance of the Letters of Credit and the entering into of Interest Rate Protection
Agreements or Other Hedging Agreements, the U.S. Borrower hereby unconditionally and irrevocably
guarantees, as primary obligor and not merely as surety the full and prompt payment when due,
whether upon maturity, acceleration or otherwise, of any and all of the U.S. Borrower Guaranteed
Obligations to the Guaranteed Creditors. If any or all of the U.S. Borrower Guaranteed Obligations
to the Guaranteed Creditors becomes due and payable hereunder, the U.S. Borrower unconditionally
promises to pay such indebtedness to the Guaranteed Creditors, on demand, together with any and all
expenses which may be incurred by the Guaranteed Creditors in collecting any of the U.S. Borrower
Guaranteed Obligations. This U.S. Borrower’s Guaranty is a guaranty of payment and not of
collection. This U.S. Borrower’s Guaranty is a continuing one and all liabilities to which it
applies or may apply under the terms hereof shall be conclusively presumed to have been created in
reliance hereon. If any claim is ever made upon any Guaranteed Creditor for repayment or recovery
of any amount or amounts received in payment or on account of any of the U.S. Borrower Guaranteed
Obligations and any of the aforesaid payees repays all or part of said amount by reason of (i) any
judgment, decree or order of any court or administrative body having jurisdiction over such payee
or any of its property or (ii) any settlement or compromise of any such claim effected by such
payee with any such claimant (including the European Borrower or any other U.S. Borrower Guaranteed
Party), then and in such event the U.S. Borrower agrees that any such judgment, decree, order,
settlement or compromise shall be binding upon the U.S. Borrower, notwithstanding any revocation of
this U.S. Borrower’s Guaranty or any other instrument evidencing any liability of the European
Borrower or any U.S. Borrower Guaranteed Party, and the U.S. Borrower shall be and remain liable to
the aforesaid payees hereunder for the amount so repaid or recovered to the same extent as if such
amount had never originally been received by any such payee.

14.02 Bankruptcy. Additionally, the U.S. Borrower unconditionally and irrevocably,
guarantees the payment of any and all of the U.S. Borrower Guaranteed Obligations to the Guaranteed
Creditors whether or not due or payable by the European Borrower or any other U.S. Borrower
Guaranteed Party upon the occurrence of any of the events specified in Section 10.05, and
unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand.

14.03 Nature of Liability. The liability of the U.S. Borrower hereunder is exclusive
and independent of any security for or other guaranty of the U.S. Borrower Guaranteed Obligations
whether executed by the U.S. Borrower, any other guarantor or by any other party, and the liability
of the U.S. Borrower hereunder is not affected or impaired by (a) any direction as to application
of payment by the European Borrower, any other U.S. Borrower Guaranteed Party or any other party,
or (b) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or
of any other party as to the U.S. Borrower Guaranteed Obligations, or (c) any payment on or in
respect of any such other guaranty or undertaking, or (d) any dissolution, termination or increase,
decrease or change in personnel by the European Borrower or any other U.S. Borrower Guaranteed
Party or (e) any payment made to the Guaranteed Creditors on the U.S. Borrower Guaranteed
Obligations which any such Guaranteed Creditor repays to the European Borrower or any other U.S.
Borrower Guaranteed Party pursuant to court order in any bankruptcy, reorganization, arrangement,
moratorium or other debtor relief proceeding, and the U.S. Borrower waives any right to the
deferral or modification of its obligations hereunder by reason of any such proceeding, or (f) any
action or inaction of the type described in Section 14.05, or (g) the lack of validity or
enforceability of any Credit Document or any other instrument relating thereto.

14.04 Independent Obligation. No invalidity, irregularity or unenforceability of all
or any part of the U.S. Borrower Guaranteed Obligations or of any security therefor shall affect,
impair or be a defense to this U.S. Borrower’s Guaranty, and this U.S. Borrower’s Guaranty shall be
primary, absolute and unconditional notwithstanding the occurrence of any event or the existence of
any other circumstances which might constitute a legal or equitable discharge of a surety or
guarantor except payment in full in cash of the U.S. Borrower Guaranteed Obligations. The
obligations of the U.S. Borrower hereunder are independent of the obligations of the European
Borrower, any other U.S. Borrower Guaranteed Party, any other guarantor or any other party, and a
separate action or actions may be brought and prosecuted against the U.S. Borrower whether or not
action is brought against the European Borrower, any other U.S. Borrower Guaranteed Party, any
other guarantor or any other party and whether or not the European Borrower, any other U.S.
Borrower Guaranteed Party, any other guarantor or any other party be joined in any such action or
actions. The U.S. Borrower waives, to the full extent permitted by law, the benefit of any statute
of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the
European Borrower or any other U.S. Borrower Guaranteed Party or other circumstance that operates
to toll any statute of limitations as to the European Borrower or such other U.S. Borrower
Guaranteed Party shall operate to toll the statute of limitations as to the U.S. Borrower.

14.05 Authorization. The U.S. Borrower authorizes the Guaranteed Creditors without
notice or demand (except as shall be required by applicable statute and cannot be waived), and
without affecting or impairing its liability hereunder, from time to time to:

(a) change the manner, place or terms of payment of, and/or change or extend the time
of payment of, renew, increase, accelerate or alter, any of the U.S. Borrower Guaranteed
Obligations (including any increase or decrease in the rate of interest thereon), any
security therefor, or any liability incurred directly or indirectly in respect thereof, and
this U.S. Borrower’s Guaranty made shall apply to the U.S. Borrower Guaranteed Obligations
as so changed, extended, renewed, increased or altered;

(b) take and hold security for the payment of the U.S. Borrower Guaranteed Obligations
and sell, exchange, release, impair, surrender, realize upon or otherwise deal with in any
manner and in any order any property by whomsoever at any time pledged or mortgaged to
secure, or howsoever securing, the U.S. Borrower Guaranteed Obligations or any liabilities
(including any of those hereunder) incurred directly or indirectly in respect thereof or
hereof, and/or any offset thereagainst;

(c) exercise or refrain from exercising any rights against the European Borrower, any
other U.S. Borrower Guaranteed Party or others or otherwise act or refrain from acting;

(d) release or substitute any one or more endorsers, guarantors, the European Borrower,
any other U.S. Borrower Guaranteed Party or other obligors;

(e) settle or compromise any of the U.S. Borrower Guaranteed Obligations, any security
therefor or any liability (including any of those hereunder) incurred directly or indirectly
in respect thereof or hereof, and may subordinate the payment of all or any part thereof to
the payment of any liability (whether due or not) of the European Borrower or any other U.S.
Borrower Guaranteed Party to their respective creditors other than the Guaranteed Creditors;

(f) apply any sums by whomsoever paid or howsoever realized to any liability or
liabilities of the European Borrower or any other U.S. Borrower Guaranteed Party to the
Guaranteed Creditors regardless of what liability or liabilities of the European Borrower or
such other U.S. Borrower Guaranteed Party remain unpaid;

(g) consent to or waive any breach of, or any act, omission or default under, this
Agreement, any other Credit Document, any Interest Rate Protection Agreement or Other
Hedging Agreement or any of the instruments or agreements referred to herein or therein, or
otherwise amend, modify or supplement this Agreement, any other Credit Document, any
Interest Rate Protection Agreement or Other Hedging Agreement or any of such other
instruments or agreements; and/or

(h) take any other action that would, under otherwise applicable principles of common
law, give rise to a legal or equitable discharge of the U.S. Borrower from its liabilities
under this U.S. Borrower’s Guaranty.

14.06 Reliance. It is not necessary for the Guaranteed Creditors to inquire into the
capacity or powers of the European Borrower or any other U.S. Borrower Guaranteed Party or the
officers, directors, partners or agents acting or purporting to act on its or their behalf, and any
U.S. Borrower Guaranteed Obligations made or created in reliance upon the professed exercise of
such powers shall be guaranteed hereunder.

14.07 Subordination. Any of the indebtedness of the European Borrower or any other
U.S. Borrower Guaranteed Party now or hereafter owing to the U.S. Borrower is hereby subordinated
to the U.S. Borrower Guaranteed Obligations of the European Borrower or such other U.S. Borrower
Guaranteed Party owing to the Guaranteed Creditors; and if the Administrative Agent so requests at
a time when an Event of Default exists, all such indebtedness of the European Borrower or such
other U.S. Borrower Guaranteed Party to the U.S. Borrower shall be collected, enforced and received
by the U.S. Borrower for the benefit of the Guaranteed Creditors and be paid over to the
Administrative Agent on behalf of the Guaranteed Creditors on account of the U.S. Borrower
Guaranteed Obligations of the European Borrower or such other U.S. Borrower Guaranteed Party to the
Guaranteed Creditors, but without affecting or impairing in any manner the liability of the U.S.
Borrower under the other provisions of this U.S. Borrower’s Guaranty. Prior to the transfer by the
U.S. Borrower of any note or negotiable instrument evidencing any of the indebtedness of the
European Borrower or any other U.S. Borrower Guaranteed Party to the U.S. Borrower, the U.S.
Borrower shall mark such note or negotiable instrument with a legend that the same is subject to
this subordination. Without limiting the generality of the foregoing, the U.S. Borrower hereby
agrees with the Guaranteed Creditors that it will not exercise any right of subrogation which it
may at any time otherwise have as a result of this U.S. Borrower’s Guaranty (whether contractual,
under Section 509 of the Bankruptcy Code or otherwise) until all U.S. Borrower Guaranteed
Obligations have been irrevocably paid in full in cash.

14.08 Waiver. (a) The U.S. Borrower waives any right (except as shall be required by
applicable statute and cannot be waived) to require any Guaranteed Creditor to (i) proceed against
the European Borrower or any other U.S. Borrower Guaranteed Party, any other guarantor or any other
party, (ii) proceed against or exhaust any security held from the European Borrower or any other
U.S. Borrower Guaranteed Party, any other guarantor or any other party or (iii) pursue any other
remedy in any Guaranteed Creditor’s power whatsoever. The U.S. Borrower waives any defense based
on or arising out of any defense of the European Borrower or any other U.S. Borrower Guaranteed
Party, any other guarantor or any other party, other than payment in full in cash of the U.S.
Borrower Guaranteed Obligations, based on or arising out of the disability of the European
Borrower, any other Guaranteed Party, any other guarantor or any other party, or the
unenforceability of the U.S. Borrower Guaranteed Obligations or any part thereof from any cause, or
the cessation from any cause of the liability of the European Borrower or any other U.S. Borrower
Guaranteed Party other than payment in full in cash of the U.S. Borrower Guaranteed Obligations.
The Guaranteed Creditors may, at their election, foreclose on any security held by any Agent or any
other Guaranteed Creditor by one or more judicial or nonjudicial sales, whether or not every aspect
of any such sale is commercially reasonable (to the extent such sale is permitted by applicable
law), or exercise any other right or remedy the Guaranteed Creditors may have against the European
Borrower, any other U.S. Borrower Guaranteed Party or any other party, or any security, without
affecting or impairing in any way the liability of the U.S. Borrower hereunder except to the extent
the U.S. Borrower Guaranteed Obligations have been paid in full in cash. The U.S. Borrower waives
any defense arising out of any such election by the Guaranteed Creditors, even though such election
operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy
of the U.S. Borrower against the European Borrower any other U.S. Borrower, Guaranteed Party or any
other party or any security.

(b) The U.S. Borrower waives all presentments, demands for performance, protests and notices,
including, without limitation, notices of nonperformance, notices of protest, notices of dishonor,
notices of acceptance of this U.S. Borrower’s Guaranty, and notices of the existence, creation or
incurring of new or additional U.S. Borrower Guaranteed Obligations. The U.S. Borrower assumes all
responsibility for being and keeping itself informed of the European Borrower’s and each other U.S.
Borrower Guaranteed Party’s financial condition and assets, and of all other circumstances bearing
upon the risk of nonpayment of the U.S. Borrower Guaranteed Obligations and the nature, scope and
extent of the risks which the U.S. Borrower assumes and incurs hereunder, and agrees that the
Guaranteed Creditors shall have no duty to advise the U.S. Borrower of information known to them
regarding such circumstances or risks.

(c) Until such time as the U.S. Borrower Guaranteed Obligations have been paid in full in
cash, the U.S. Borrower hereby waives all rights of subrogation which it may at any time otherwise
have as a result of this U.S. Borrower’s Guaranty (whether contractual, under Section 509 of the
Bankruptcy Code, or otherwise) to the claims of the Guaranteed Creditors against the European
Borrower, any other U.S. Borrower Guaranteed Party or any other guarantor of the U.S. Borrower
Guaranteed Obligations and all contractual, statutory or common law rights of reimbursement,
contribution or indemnity from the European Borrower, any other U.S. Borrower Guaranteed Party or
any other guarantor which it may at any time otherwise have as a result of this U.S. Borrower’s
Guaranty.

(d) The U.S. Borrower hereby acknowledges and affirms that it understands that to the extent
the U.S. Borrower Guaranteed Obligations are secured by Real Property located in California, the
U.S. Borrower shall be liable for the full amount of the liability hereunder notwithstanding the
foreclosure on such Real Property by trustee sale or any other reason impairing the U.S. Borrower’s
or any Guaranteed Creditor’s right to proceed against any U.S. Borrower Guaranteed Party or any
other guarantor of the U.S. Borrower Guaranteed Obligations. In accordance with Section 2856 of
the California Code of Civil Procedure, the U.S. Borrower hereby waives:

(i) all rights of subrogation, reimbursement, indemnification, and contribution and any
other rights and defenses that are or may become available to the U.S. Borrower by reason of
Sections 2787 to 2855, inclusive, 2899 and 3433 of the California Code of Civil Procedure;

(ii) all rights and defenses that the U.S. Borrower may have because the U.S. Borrower
Guaranteed Obligations are secured by Real Property located in California, meaning, among
other things, that: (A) the Guaranteed Creditors may collect from the U.S. Borrower without
first foreclosing on any real or personal property collateral pledged by any Credit Party,
and (B) if the Guaranteed Creditors foreclose on any Real Property collateral pledged by any
Credit Party, (1) the amount of the U.S. Borrower Guaranteed Obligations may be reduced only
by the price for which that collateral is sold at the foreclosure sale, even if the
collateral is worth more than the sale price, and (2) the Guaranteed Creditors may collect
from the U.S. Borrower even if the Guaranteed Creditors, by foreclosing on the Real Property
collateral, have destroyed any right the U.S. Borrower may have to collect from any U.S.
Borrower Guaranteed Party, it being understood that this is an unconditional and irrevocable
waiver of any rights and defenses the U.S. Borrower may have because the U.S. Borrower
Guaranteed Obligations are secured by Real Property (including, without limitation, any
rights or defenses based upon Section 580a, 580d or 726 of the California Code of Civil
Procedure); and

(iii) all rights and defenses arising out of an election of remedies by the Guaranteed
Creditors, even though that election of remedies, such as a non-judicial foreclosure with
respect to security for the U.S. Borrower Guaranteed Obligations, has destroyed the U.S.
Borrower’s rights of subrogation and reimbursement against any U.S. Borrower Guaranteed Party
by the operation of Section 580d of the California Code of Civil Procedure or otherwise.

(e) The U.S. Borrower warrants and agrees that each of the waivers set forth above is made
with full knowledge of its significance and consequences and that if any of such waivers are
determined to be contrary to any applicable law of public policy, such waivers shall be effective
only to the maximum extent permitted by law.

14.09 Payments. All payments made by the U.S. Borrower pursuant to this Section 14
shall be made in the respective Applicable Currency in which the U.S. Borrower Guaranteed
Obligations are then due and payable (giving effect, in the circumstances contemplated by Section
1.14, to any conversion occurring pursuant thereto). All payments made by the U.S. Borrower
pursuant to this Section 14 will be made without setoff, counterclaim or other defense, and shall
be subject to the provisions of Sections 4.03, 4.04 and 13.22.

SECTION 15. Nature of U.S. ABL Borrower Obligations

15.01 Nature of U.S. Borrower Obligations. Notwithstanding anything to the contrary
contained elsewhere in this Agreement, it is understood and agreed by the various parties to this
Agreement that all U.S. ABL Borrowers Obligations to repay principal of, interest on, and all other
amounts with respect to, all U.S. ABL Borrowers Revolving Loans and U.S. Borrower Letter of Credit
Outstandings and all other U.S. ABL Borrowers Obligations pursuant to this Agreement and under any
U.S. Borrower Revolving Note (including, without limitation, all fees, indemnities, taxes and other
U.S. ABL Borrowers Obligations in connection therewith or in connection with the related
Commitments) shall constitute the joint and several obligations of each of the U.S. ABL Borrowers.
In addition to the direct (and joint and several) obligations of the U.S. ABL Borrowers with
respect to U.S. ABL Borrowers Obligations as described above, all such U.S. ABL Borrowers
Obligations shall be guaranteed pursuant to, and in accordance with the terms of, the U.S.
Borrower’s Guaranty and the U.S. Subsidiaries Guaranty.

15.02 Independent Obligation. The obligations of each U.S. ABL Borrower with respect
to the U.S. ABL Borrowers Obligations are independent of the obligations of each other U.S. ABL
Borrower or any Guarantor under its Guaranty of such U.S. ABL Borrowers Obligations, and a separate
action or actions may be brought and prosecuted against each U.S. ABL Borrower, whether or not any
other U.S. ABL Borrower or any such Guarantor is joined in any such action or actions. Each U.S.
ABL Borrower waives, to the fullest extent permitted by law, the benefit of any statute of
limitations affecting its liability hereunder or the enforcement thereof. Any payment by any U.S.
ABL Borrower or other circumstance which operates to toll any statute of limitations as to any U.S.
ABL Borrower shall, to the fullest extent permitted by law, operate to toll the statute of
limitations as to each ABL U.S. Borrower.

15.03 Authorization. Each of the U.S. ABL Borrowers authorizes the Administrative
Agent and the Lenders without notice or demand (except as shall be required by applicable statute
and cannot be waived), and without affecting or impairing its liability hereunder, from time to
time to:

(a) exercise or refrain from exercising any rights against any other U.S. ABL Borrower
or any Guarantor or others or otherwise act or refrain from acting;

(b) release or substitute any other U.S. ABL Borrower, endorsers, Guarantors or other
obligors;

(c) settle or compromise any of the U.S. ABL Borrowers Obligations of any other U.S.
ABL Borrower or any other Credit Party, any security therefor or any liability (including
any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and
may subordinate the payment of all or any part thereof to the payment of any liability
(whether due or not) of any U.S. ABL Borrower to its creditors other than the Lenders;

(d) apply any sums paid by any other ABL U.S. Borrower or any other Person, howsoever
realized to any liability or liabilities of such other U.S. ABL Borrower or other Person
regardless of what liability or liabilities of such other U.S. ABL Borrower or other Person
remain unpaid; and/or

(e) consent to or waive any breach of, or act, omission or default under, this
Agreement or any of the instruments or agreements referred to herein, or otherwise, by any
other Borrower or any other Person.

15.04 Reliance. It is not necessary for the Administrative Agent or any other Lender
to inquire into the capacity or powers of any U.S. ABL Borrower or any of its Subsidiaries or the
officers, directors, members, partners or agents acting or purporting to act on its behalf, and any
U.S. ABL Borrowers Obligations made or created in reliance upon the professed exercise of such
powers shall constitute the joint and several obligations of the U.S. ABL Borrowers hereunder.

15.05 Contribution; Subrogation. No U.S. ABL Borrower shall have any rights of
contribution or subrogation with respect to any other U.S. ABL Borrower as a result of payments
made by it hereunder, in each case unless and until the Total Commitment has been terminated and
all U.S. ABL Borrowers Obligations have been paid in full.

15.06 Waiver. Each U.S. ABL Borrower waives any right to require the Administrative
Agent or the other Lenders to (i) proceed against any other U.S. ABL Borrower, any Guarantor or any
other party, (ii) proceed against or exhaust any security held from any U.S. ABL Borrower, any
Guarantor or any other party or (iii) pursue any other remedy in the Administrative Agent’s or the
Lenders’ power whatsoever. Each U.S. ABL Borrower waives any defense based on or arising out of
suretyship or any impairment of security held from any U.S. ABL Borrower, any Guarantor or any
other party or on or arising out of any defense of any other U.S. ABL Borrower, any Guarantor or
any other party other than payment in full in cash of the U.S. ABL Borrowers Obligations,
including, without limitation, any defense based on or arising out of the disability of any other
U.S. ABL Borrower, any Guarantor or any other party, or the unenforceability of the U.S. ABL
Borrowers Obligations or any part thereof from any cause, or the cessation from any cause of the
liability of any other U.S. ABL Borrower, in each case other than as a result of the payment in
full in cash of the U.S. ABL Borrowers Obligations.

15.07 Several Obligations of the Foreign Credit Parties. Notwithstanding any
provision contained in this Agreement or any other Credit Document, neither the European Borrower
nor any Foreign Subsidiary of Exide U.S. shall be responsible for or be deemed to have guaranteed
any Obligations in respect of U.S. Borrower Term Loans, U.S. ABL Borrowers Revolving Loans, U.S.
ABL Borrowers Swingline Loans, or U.S. Borrower Letters or Credit or any other Obligations of any
U.S. Credit Party under this Agreement or under any of the other Credit Documents.

SECTION 16. Revolving Loans; Intra-Lender Issues.

16.01 Specified Foreign Currency Participations. Notwithstanding anything to the
contrary contained herein, all Revolving Loans which are denominated in Euros (each, a
“Specified Foreign Currency Loan”) shall be made solely by the ABL Lenders (including the
Fronting Lender) who are not Participating Specified Foreign Currency Lenders (as defined below).
Each ABL Lender acceptable to the Fronting Lender (in its sole discretion) that does not have
Specified Foreign Currency Funding Capacity (a “Participating Specified Foreign Currency
Lender”) shall irrevocably and unconditionally purchase and acquire and shall be deemed to
irrevocably and unconditionally purchase and acquire from the Fronting Lender, and the Fronting
Lender shall sell and be deemed to sell to each such Participating Specified Foreign Currency
Lender, without recourse or any representation or warranty whatsoever, an undivided interest and
participation (a “Specified Foreign Currency Participation”) in each Revolving Loan which
is a Specified Foreign Currency Loan funded by the Fronting Lender in an amount equal to such
Participating Specified Foreign Currency Lender’s RL Facility Percentage of the Borrowing that
includes such Revolving Loan. Such purchase and sale of a Specified Foreign Currency Participation
shall be deemed to occur automatically upon the making of a Specified Foreign Currency Loan by the
Fronting Lender, without any further notice to any Participating Specified Foreign Currency Lender.
The purchase price payable by each Participating Specified Foreign Currency Lender to the Fronting
Lender for each Specified Foreign Currency Participation purchased by it from the Fronting Lender
shall be equal to 100% of the principal amount of such Specified Foreign Currency Participation
(i.e., the product of (i) the amount of the Borrowing that includes the relevant Revolving
Loan and (ii) such Participating Specified Foreign Currency Lender’s RL Facility Percentage), and
such purchase price shall be payable by each Participating Specified Foreign Currency Lender to the
Fronting Lender in accordance with the settlement procedure set forth in Section 16.02 below. The
Fronting Lender and the Administrative Agent shall record on their books the amount of the
Revolving Loans made by the Fronting Lender and each Participating Specified Foreign Currency
Lender’s Specified Foreign Currency Participation and Funded Specified Foreign Currency
Participation therein, all payments in respect thereof and interest accrued thereon and all
payments made by and to each Participating Specified Foreign Currency Lender pursuant to this
Section 16.01. This Section 16 shall not affect the obligations of any ABL Lender that does not
have Specified Foreign Currency Funding Capacity and that is not a Participating Specified Foreign
Currency Lender to make Specified Foreign Currency Loans in accordance with the terms and
conditions set forth in the other Sections of this Agreement.

16.02 Settlement Procedures for Specified Foreign Currency Participations. Each
Participating Specified Foreign Currency Lender’s Specified Foreign Currency Participation in the
Specified Foreign Currency Loans shall be in an amount equal to its RL Facility Percentage of all
such Specified Foreign Currency Loans. However, in order to facilitate the administration of the
Specified Foreign Currency Loans made by the Fronting Lender and the Specified Foreign Currency
Participations, settlement among the Fronting Lender and the Participating Specified Foreign
Currency Lenders with regard to the Participating Specified Foreign Currency Lenders’ Specified
Foreign Currency Participations shall take place in accordance with the following provisions:

(i) The Fronting Lender and the Participating Specified Foreign Currency Lenders shall
settle (a “Specified Foreign Currency Participation Settlement”) by payments in
respect of the Specified Foreign Currency Participations as follows: So long as any
Specified Foreign Currency Loans are outstanding, Specified Foreign Currency Participation
Settlements shall be effected upon the request of the Fronting Lender through the
Administrative Agent on such Business Days as requested by the Fronting Lender and as the
Administrative Agent shall specify by a notice by telecopy, telephone or similar form of
notice to each Participating Specified Foreign Currency Lender requesting such Specified
Foreign Currency Participation Settlement (each such date on which a Specified Foreign
Currency Participation Settlement occurs herein called a “Specified Foreign Currency
Participation Settlement Date”), such notice to be delivered no later than 2:00 p.m. (New
York time) at least one Business Day prior to the requested Specified Foreign Currency
Participation Settlement Date; provided that the Fronting Lender shall have the
option but not the obligation to request a Specified Foreign Currency Participation
Settlement Date and, in any event, shall not request a Specified Foreign Currency
Participation Settlement Date prior to the occurrence of an Event of Default; provided
further, that if (x) such Event of Default is cured or waived in writing in accordance
with the terms hereof, (y) no ABL Obligations have yet been declared due and payable under
Article 10 and (z) the Administrative Agent has actual knowledge of such cure or waiver, all
prior to the Administrative Agent’s giving notice to the Participating Specified Foreign
Currency Lenders of the first Specified Foreign Currency Participation Settlement Date under
this Agreement, then the Administrative Agent shall not give notice to the Participating
Specified Foreign Currency Lenders of a Specified Foreign Currency Participation Settlement
Date based upon such cured or waived Event of Default. If on any Specified Foreign Currency
Participation Settlement Date the total principal amount of the Specified Foreign Currency
Loans made or deemed made by the Fronting Lender during the period ending on (but excluding)
such Specified Foreign Currency Participation Settlement Date and commencing on (and
including) the immediately preceding Specified Foreign Currency Participation Settlement Date
(or the Restatement Effective Date in the case of the period ending on the first Specified
Foreign Currency Participation Settlement Date) (each such period herein called a
“Specified Foreign Currency Participation Settlement Period”) is greater than the
principal amount of Specified Foreign Currency Loans repaid during such Specified Foreign
Currency Participation Settlement Period to the Fronting Lender, each Participating Specified
Foreign Currency Lender shall pay to the Fronting Lender (through the Administrative Agent),
no later than 11:00 a.m. (New York time) on such Specified Foreign Currency Participation
Settlement Date, an amount equal to such Participating Specified Foreign Currency Lender’s
ratable share of the amount of such excess. If in any Specified Foreign Currency
Participation Settlement Period the outstanding principal amount of the Specified Foreign
Currency Loans repaid to the Fronting Lender in such period exceeds the total principal
amount of the Specified Foreign Currency Loans made or deemed made by the Fronting Lender
during such period, the Fronting Lender shall pay to each Participating Specified Foreign
Currency Lender (through the Administrative Agent) on such Specified Foreign Currency
Participation Settlement Date an amount equal to such Participating Specified Foreign
Currency Lender’s ratable share of such excess. Specified Foreign Currency Participation
Settlements in respect of Specified Foreign Currency Loans shall be made in Euros.

(ii) If any Participating Specified Foreign Currency Lender fails to pay to the Fronting
Lender on any Specified Foreign Currency Participation Settlement Date the full amount
required to be paid by such Participating Specified Foreign Currency Lender to the Fronting
Lender on such Specified Foreign Currency Participation Settlement Date in respect of such
Participating Specified Foreign Currency Lender’s Specified Foreign Currency Participation
(such Participating Specified Foreign Currency Lender’s “Specified Foreign Currency
Participation Settlement Amount”) with the Fronting Lender, the Fronting Lender shall be
entitled to recover such unpaid amount from such Participating Specified Foreign Currency
Lender, together with interest thereon (in the same respective currency or currencies as the
relevant Specified Foreign Currency Loans) at the Base Rate plus 2.00%. Without
limiting the Fronting Lender’s rights to recover from any Participating Specified Foreign
Currency Lender any unpaid Specified Foreign Currency Participation Settlement Amount payable
by such Participating Specified Foreign Currency Lender to the Fronting Lender, the
Administrative Agent shall also be entitled to withhold from amounts otherwise payable to
such Participating Specified Foreign Currency Lender an amount equal to such Participating
Specified Foreign Currency Lender’s unpaid Specified Foreign Currency Participation
Settlement Amount owing to the Fronting Lender and apply such withheld amount to the payment
of any unpaid Specified Foreign Currency Participation Settlement Amount owing by such
Participating Specified Foreign Currency Lender to the Fronting Lender.

16.03 Obligations Irrevocable. The obligations of each Participating Specified
Foreign Currency Lender to purchase from the Fronting Lender a participation in each Specified
Foreign Currency Loan made by the Fronting Lender and to make payments to the Fronting Lender with
respect to such participation, in each case as provided herein, shall be irrevocable and not
subject to any qualification or exception whatsoever, including any of the following circumstances:

(i) any lack of validity or enforceability of this Agreement or any of the other Credit
Documents or of any Loans, against the Borrowers or any other Credit Party;

(ii) the existence of any claim, setoff, defense or other right which the Borrowers or
any other Credit Party may have at any time against the Administrative Agent, any
Participating Specified Foreign Currency Lender, or any other Person, whether in connection
with this Agreement, any Specified Foreign Currency Loans, the transactions contemplated
herein or any unrelated transactions;

(iii) any application or misapplication of any proceeds of any Specified Foreign
Currency Loans;

(iv) the surrender or impairment of any security for any Specified Foreign Currency
Loans;

(v) the occurrence of any Default or Event of Default;

(vi) the commencement or pendency of any events specified in Section 10.05, in respect
of the Borrowers or any of its Subsidiaries or any other Person; or

(vii) the failure to satisfy the applicable conditions precedent set forth in Section 5
or 6.

16.04 Recovery or Avoidance of Payments. In the event any payment by or on behalf of
any ABL Borrower or any other Credit Party received by the Administrative Agent with respect to any
Specified Foreign Currency Loan made by the Fronting Lender is thereafter set aside, avoided or
recovered from the Administrative Agent in connection with any insolvency proceeding or due to any
mistake of law or fact, each Participating Specified Foreign Currency Lender shall, upon written
demand by the Administrative Agent, pay to the Fronting Lender (through the Administrative Agent)
such Participating Specified Foreign Currency Lender’s RL Facility Percentage of such amount set
aside, avoided or recovered, together with interest at the rate and in the currency required to be
paid by the Fronting Lender or the Administrative Agent upon the amount required to be repaid by
it.

16.05 Indemnification by Lenders. Each Participating Specified Foreign Currency
Lender agrees to indemnify the Fronting Lender (to the extent not reimbursed by the Borrowers and
without limiting the obligations of the ABL Borrowers hereunder or under any other Credit Document)
ratably for any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses (including attorneys’ fees) or disbursements of any kind and nature
whatsoever that may be imposed on, incurred by or asserted against the Fronting Lender in any way
relating to or arising out of any Specified Foreign Currency Loans or any action taken or omitted
by the Fronting Lender in connection therewith; provided that no Participating Specified
Foreign Currency Lender shall be liable for any of the foregoing to the extent it arises from the
gross negligence or willful misconduct of the Fronting Lender (as determined by a court of
competent jurisdiction in a final non-appealable judgment). Without limiting the foregoing, each
Participating Specified Foreign Currency Lender agrees to reimburse the Fronting Lender promptly
upon demand for such Participating Specified Foreign Currency Lender’s ratable share of any costs
or expenses payable by the Borrowers to the Fronting Lender in respect of the Specified Foreign
Currency Loans to the extent that the Fronting Lender is not promptly reimbursed for such costs and
expenses by the ABL Borrowers. The agreement contained in this Section 16.05 shall survive payment
in full of all Specified Foreign Currency Loans.

16.06 Specified Foreign Currency Loan Participation Fee. In consideration for each
Participating Specified Foreign Currency Lender’s participation in the Specified Foreign Currency
Loans made by the Fronting Lender, the Fronting Lender agrees to pay to the Administrative Agent
for the account of each Participating Specified Foreign Currency Lender, as and when the Fronting
Lender receives payment of interest on its Specified Foreign Currency Loans, a fee (the
“Specified Foreign Currency Participation Fee”) at a rate per annum equal to the Applicable
Margin on such Specified Foreign Currency Loans minus 0.25% on the Unfunded Specified
Foreign Currency Participation of such Participating Specified Foreign Currency Lender in such
Specified Foreign Currency Loans of the Fronting Lender. The Specified Foreign Currency
Participation Fee in respect of any unfunded Specified Foreign Currency Participation in a
Specified Foreign Currency Loan shall be payable to the Administrative Agent in the Available
Currency in which the respective Specified Foreign Currency Loan was funded when interest on such
Specified Foreign Currency Loan is received by the Fronting Lender. If the Fronting Lender does
not receive payment in full of such interest, the Specified Foreign Currency Participation Fee in
respect of the unfunded Specified Foreign Currency Participation in such Specified Foreign Currency
Loans shall be reduced proportionately. Any amounts payable under this Section 16.06 by the
Administrative Agent to the Participating Specified Foreign Currency Lenders shall be paid in Euros
(or, if different, the currency in which such interest payments are actually received).

16.07 Defaulting Lenders; Etc. Notwithstanding anything to the contrary contained above,
(x) no ABL Lender may become a Participating Specified Foreign Currency lender at any time its is a
Defaulting Lender, and (y) if any Participating Specified Foreign Currency Lender at any time
becomes a Defaulting Lender or if the Fronting Lender reasonably determines that the credit quality
of any then existing Participating Specified Foreign Currency Lender has suffered a material
adverse change, the Fronting Lender shall have the right to, by notice to the affected ABL Lender,
(i) terminate such ABL Lender’s status as a Participating Specified Foreign Currency Lender for
Revolving Loans and (ii) declare a Specified Foreign Currency Participation Date to occur with
respect to such affected ABL Lender.

* * * *

2

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to
execute and deliver this Agreement as of the date first above written.

	 
	 

	EXIDE TECHNOLOGIES, as a Borrower

and a Guarantor

By:

	 

	Name:

	Title:

	 

	EXIDE GLOBAL HOLDING

NETHERLANDS C.V.,

as a Borrower

By: Exide Technologies,

its general partner

By:

	 

	Name:

	Title:

	 

	DIXIE METALS COMPANY,

as a Borrower

By:

	 

	Name:

	Title:

	 

	EXIDE ILLINOIS, INC.,

as a Borrower

By:

	 

	Name:

	Title:

	 

	GNB BATTERY TECHNOLOGIES JAPAN, INC., as a Borrower

By:

	 

	Name:

	Title:

	 

	REFINED METALS CORPORATION,

as a Borrower

By:

	 

	Name:

	Title:

	 

	INGALLS POWER PRODUCTS,

as a Borrower

By:

	 

	Name:

	Title:

	 

	EXIDE DELAWARE LLC,

as a Borrower

By: Exide Technologies, its sole manager

By:

	 

	Name:

	Title:

	 

	RBD LIQUIDATION, LLC,

as a Borrower

By: Exide Technologies, its sole manager

By:

	 

	Name:

	Title:

	 

	DEUTSCHE BANK AG NEW YORK BRANCH,

Individually and as Administrative Agent

By:

	 

	Name:

	Title:

	By:

	 

	Name:

	Title:

3

IN WITNESS WHEREOF, the undersigned hereby acknowledges and agrees to the ABL/TL
Intercreditor Provisions referenced in Section 13.27 above:

	 	 	 	EXIDE
DANMARK A/S

	 	 	 	By:
 

Name:

Title:

4

Table of Contents

Page

	 	 	 
	SECTION 1. Amount

1.01

1.02

1.03

1.04

1.05

1.06

1.07

1.08

1.09

1.10

1.11

1.12

1.13

	 	and Terms of Credit

Commitments

Minimum Borrowing Amounts, etc.

Notice of Borrowing

Disbursement of Funds

Notes

Conversions

Pro Rata Borrowings

Interest

Interest Periods

Increased Costs; Illegality; etc.

Compensation

Change of Lending Office

Replacement of Lenders

	 	1.14	 	Special Provisions Applicable to Lenders Upon the Occurrence of a
Termination Event	 

	 	 	 
	1.15

SECTION 2.

2.01

2.02

2.03

2.04

2.05

2.06

SECTION 3.

3.01

	 	Incremental Commitments

Letters of Credit

Letters of Credit

Minimum Stated Amount

Letter of Credit Requests

Letter of Credit Participations

Agreement to Repay Letter of Credit Drawings

Increased Costs

Fees; Commitments

Fees

	 	3.02	 	Voluntary Termination or Reduction of Revolving Loan Commitments and
Adjustments of Revolving Loan Commitments	 

	 	 	 
	3.03

SECTION 4.

4.01

4.02

	 	Mandatory Reduction of Commitments

Prepayments; Repayments; Taxes

Voluntary Prepayments

Mandatory Repayments and Commitment Reductions

	 	4.03	 	Method and Place of Payment; Maintenance of Accounts; Statement of
Accounts	 

	 	 	 
	4.04

SECTION 5.

5.01

5.02

5.03

5.04

5.05

5.06

5.07

5.08

5.09

5.10

5.11

5.12

5.13

5.14

5.15

5.16

5.17

5.18

5.19

SECTION 6.

6.01

6.02

6.03

6.04

6.05

SECTION 7.

7.01

7.02

7.03

7.04

7.05

7.06

7.07

7.08

7.09

7.10

7.11

7.12

7.13

7.14

7.15

7.16

7.17

7.18

7.19

7.20

7.21

7.22

SECTION 8.

8.01

8.02

8.03

8.04

8.05

8.06

8.07

8.08

8.09

8.10

	 	Net Payments

Conditions Precedent to Credit Events on the Initial Borrowing Date

Execution of Agreement; Notes

Officer’s Certificate

Opinions of Counsel

Company Documents; Proceedings

Adverse Change, etc.

Litigation

Existing Intercreditor Agreement.

Consummation of the Refinancing

Subsidiaries Guaranties; Intercompany Subordination Agreement

Pledge Agreements

U.S. Security Agreement

Foreign Security Agreements

Mortgages; Title Insurance; Surveys; etc.

Consent Letter.

Solvency Certificates; Insurance Certificates; etc.

Financial Statements; Pro Forma Financial Statements; Projections

Payment of Fees

Initial Borrowing Base Certificate; Excess Availability.

Field Examinations

Conditions Precedent to All Credit Events

No Default; Representations and Warranties

Notice of Borrowing; Letter of Credit Request; etc.

Borrowing Base Limitations

Senior Secured Notes Indenture Test.

Fixed Charge Coverage Test

Representations and Warranties

Company Status

Company Power and Authority

No Violation

Litigation

Use of Proceeds; Margin Regulations

Governmental Approvals

Investment Company Act

True and Complete Disclosure

Financial Condition; Financial Statements

Security Interests.

Compliance with ERISA

Capitalization

Subsidiaries

Intellectual Property, etc.

Compliance with Statutes; Agreements, etc.

Environmental Matters

Properties

Labor Relations

Tax Returns and Payments

Scheduled Existing Indebtedness

Insurance

Subordination, Etc.

Affirmative Covenants

Information Covenants

Books, Records and Inspections

Insurance

Payment of Taxes

Existence; Franchises

Compliance with Statutes; etc.

Compliance with Environmental Laws

ERISA

Good Repair

End of Fiscal Years; Fiscal Quarters

	 	8.11	 	New Subsidiaries; Additional Security; Additional Guaranties; Actions
with Respect to Non-Credit Party Subsidiaries; Further Assurances	 

	 	 	 
	8.12

8.13

8.14

	 	Use of Proceeds

Ownership of Subsidiaries

Permitted Acquisitions

	 	 	 
	8.14A ABL Permitted Acquisitions Covenant.

	 
	 	 
	8.14B TL Permitted Acquisitions Covenant.

	 
	 	 
	8.15

8.16

8.17

SECTION 9.

9.01

9.02

9.03

9.03A

9.03B

9.04

9.04A

9.04B

9.05

9.05A

9.05B

9.06

9.06A

9.06B

9.07

9.08

9.09

	 	Maintenance of Company Separateness

Performance of Obligations

Conduct of Business

Negative Covenants

Changes in Business; etc.

Consolidation; Merger; Sale or Purchase of Assets; etc.

Liens

ABL Liens Covenant

TL Liens Covenant

Indebtedness

ABL Indebtedness Covenant

TL Indebtedness Covenant

Advances; Investments; Loans

ABL Advances; Investments; Loans

TL Advances; Investments; Loans

Restricted Payments; etc.

ABL Restricted Payments; etc.

TL Restricted Payments; etc.

Transactions with Affiliates

Fixed Charge Coverage Ratio

Capital Expenditures

	 	9.10	 	Limitation on Voluntary Payments and Modifications of Indebtedness;
Modifications of Certificate of Incorporation, By-Laws and Certain Other
Agreements; Issuances of Capital Stock; etc.	 

	 	 	 	9.10A ABL Limitation on Voluntary Payments and Modifications of
Indebtedness; Modifications of Certificate of Incorporation, By-Laws and
Certain Other Agreements; Issuances of Capital Stock; etc. Covenant.	 

	 	 	 	9.10B TL Limitation on Voluntary Payments and Modifications of Indebtedness;
Modifications of Certificate of Incorporation, By-Laws and Certain Other
Agreements; Issuances of Capital Stock; etc. Covenant.	 

	 	 	 
	9.11

9.12

9.13

9.14

9.15

SECTION 10.

10.01

10.02

10.03

10.04

10.05

10.06

10.07

10.08

10.09

10.10

10.11

10.12

10.13

SECTION 11.

SECTION 12.

12.01

12.02

12.03

12.04

12.05

12.06

12.07

12.08

12.09

12.10

12.11

12.12

12.14

12.15

12.16

12.17

12.18

12.19

12.20

12.21

SECTION 13.

13.01

13.02

13.03

13.04

13.05

13.06

13.07

13.08

13.09

13.10

13.11

13.12

13.13

13.14

13.15

13.16

13.17

13.18

	 	Limitation on Issuance of Equity Interests

Limitation on Certain Restrictions on Subsidiaries

Limitation on the Creation of Subsidiaries and Joint Ventures

Designated Senior Debt

No Additional Deposit Accounts; etc.

Events of Default; Remedies

Payments

Representations, etc.

Covenants

Default Under Other Agreements

Bankruptcy, etc.

ERISA

Security Documents

Guaranties

Judgments

Ownership

Denial of Liability

Governmental Action

Existing Intercreditor Agreement

Definitions

The Agents

Appointment

Nature of Duties

Certain Rights of the Agents

Reliance by Agents

Notice of Default, etc.

Nonreliance on Agents and Other Lenders

Indemnification

Agents in their Individual Capacities

Holders

Resignation of the Agents

Collateral Matters

Delivery of Information

Special Appointment of Collateral Agent (France)

Special Appointment of Collateral Agent (Quebec)

Special Appointment of Collateral Agent (Belgium)

Special Appointment of Collateral Agent (Austria)

Special Appointment of Collateral Agent (Italy)

Special Appointment of Collateral Agent (Poland)

Special Appointment of Collateral Agent (Spain); Etc.

Special Appointment of Collateral Agent (Denmark).

Miscellaneous

Payment of Expenses, etc.

Right of Setoff

Notices

Benefit of Agreement

No Waiver; Remedies Cumulative

Payments Pro Rata

Calculations; Computations

Governing Law; Submission to Jurisdiction; Venue

Counterparts

Effectiveness

Headings Descriptive

Amendment or Waiver; etc.

Survival

Domicile of Loans and Commitments

Confidentiality

Waiver of Jury Trial

Register

English Language

	 	13.19	 	Special Provisions Regarding Pledges of Equity Interests in, and
Promissory Notes Owed by, Persons Not Organized in Qualified Jurisdictions	 

	 	 	 
	13.20

13.21

13.22

13.23

13.24

13.25

13.26

13.27

13.28

13.29

13.30

13.31

SECTION 14.

14.01

14.02

14.03

14.04

14.05

14.06

14.07

14.08

14.09

SECTION 15.

15.01

15.02

15.03

15.04

15.05

15.06

15.07

SECTION 16.

16.01

16.02

16.03

16.04

16.05

16.06

16.07

	 	Powers of Attorney; etc.

Waiver of Sovereign Immunity

Judgment Currency

Limitation on Additional Amounts

Post Closing Actions

USA Patriot Act Notice

Classified Information

Certain Intercreditor Arrangements.

Exide U.S. as Agent for the U.S. ABL Borrowers

TL Lender Acknowledgment

Secured Hedging Agreements

Release of U.S. ABL Borrowers

The U.S. Borrower’s Guaranty

The U.S. Borrower’s Guaranty

Bankruptcy

Nature of Liability

Independent Obligation

Authorization

Reliance

Subordination

Waiver

Payments

Nature of U.S. ABL Borrower Obligations

Nature of U.S. Borrower Obligations

Independent Obligation

Authorization

Reliance

Contribution; Subrogation

Waiver

Several Obligations of the Foreign Credit Parties

Revolving Loans; Intra-Lender Issues

Specified Foreign Currency Participations

Settlement Procedures for Specified Foreign Currency Participations

Obligations Irrevocable

Recovery or Avoidance of Payments

Indemnification by Lenders

Specified Foreign Currency Loan Participation Fee

Defaulting Lenders; Etc

	 	 	 
	SCHEDULE I List of

SCHEDULE II

SCHEDULE III

SCHEDULE IV

SCHEDULE V

SCHEDULE VI

SCHEDULE VII

	 	Lenders and Commitments

Lender Addresses

[RESERVED]

Eligible Inventory Locations

Initial Qualified Jurisdictions

Guaranty and Security Principles

TL Indebtedness Definitions
	 
	 	 
	SCHEDULE 2.01(c)

SCHEDULE 5.09

SCHEDULE 5.10

SCHEDULE 5.12

SCHEDULE 5.13

SCHEDULE 7.11

SCHEDULE 7.12

SCHEDULE 7.13

SCHEDULE 7.19

SCHEDULE 7.20

SCHEDULE 7.21

SCHEDULE 9.03

SCHEDULE 9.05

SCHEDULE 9.07

SCHEDULE 9.15

SCHEDULE 11(A)

SCHEDULE 11(B)

SCHEDULE 13.24

	 	Existing Letters of Credit

Certain Non-Wholly Owned Subsidiaries

Pledge Agreements

Foreign Security Agreements

Real Properties

Plans

Capitalization

Subsidiaries

Tax Matters

Scheduled Existing Indebtedness

Insurance

Existing Liens

Existing Investments

Transactions with Affiliates

Deposit Accounts

Restructuring Charges

Non-Credit Party Subsidiaries

Post Closing Actions

	 	 	 	 	 
	EXHIBIT A-1 -

EXHIBIT A-2

EXHIBIT B-1

EXHIBIT B-2

EXHIBIT B-3

EXHIBIT B-4

EXHIBIT B-5

EXHIBIT B-6

EXHIBIT B-7

EXHIBIT C

EXHIBIT D

EXHIBIT E-1

EXHIBIT E-2

EXHIBIT F

EXHIBIT G-1

EXHIBIT G-2

EXHIBIT G-3

EXHIBIT G-4

EXHIBIT H

EXHIBIT I

EXHIBIT J

EXHIBIT K

EXHIBIT L

EXHIBIT M

EXHIBIT N

EXHIBIT O

EXHIBIT P

EXHIBIT Q

EXHIBIT R

	 	Form of

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-
	 	Notice of Borrowing

Notice of Conversion/Continuation

Form of U.S. Borrower Term Note

Form of European Borrower U.S. Dollar Term Note

Form of European Borrower Euro Term Note

Form of U.S. Borrower Revolving Note

Form of European Borrower Revolving Note

Form of U.S. Borrower Swingline Note

Form of European Borrower Swingline Note

Form of Letter of Credit Request

Form of Section 4.04(b)(ii) Certificate

Form of Opinion of Jones Day

Form of Opinion of AKD Prinsen Van Wijmen

Form of Officers’ Certificate

Form of U.S. Subsidiaries Guaranty

Form of Foreign ABL Subsidiaries Guaranty

Form of Foreign Joint Subsidiaries Guaranty

Form of Foreign TL Subsidiaries Guaranty

Form of Intercompany Subordination Agreement

Form of U.S. Pledge Agreement

Form of U.S. Security Agreement

Form of Solvency Certificate

Form of Consent Letter

Form of Borrowing Base Certificate

Form of Joinder Agreement

Form of Assignment and Assumption Agreement

Form of Incremental Commitment Agreement

Form of Intercompany Note

Form of Shareholder Subordinated Note
	 
	 	 	 	 

5Employment Agreement with Robert Redmond

     

    EXHIBIT
      10.1

     

    THIS
      EMPLOYMENT AGREEMENT ("Agreement") is made as of the 14th day of March, 2007,
      by
      and between INDUSTRIAL ENTERPRISES OF AMERICA, INC., a Nevada corporation,
      with
      an office for the conduct of its business at 711 Third Ave, Suite 1505, New
      York, New York 10017 (the "Company"), and ROBERT D. REDMOND, an individual
      residing at 2321 Ridgewood Drive, El Dorado, Arkansas 71730 (the
      "Executive").

    

    WHEREAS,
      the Company desires to employ the Executive as President of Pitt Penn Oil Co.,
      LLC and as Executive Vice President of the Company, and the Executive desires
      to
      be employed by the Company in such capacities; and

    

    WHEREAS,
      the parties hereto desire to enter into an agreement of employment mutually
      beneficial to said parties, and for the purpose of defining the rights, duties
      and obligations of each of the parties hereto.

    

    NOW,
      THEREFORE, for good and valuable consideration, the sufficiency and receipt
      of
      which is hereby acknowledged, the Company and the Executive agree as
      follows:

    

    1. Employment.
      Upon
      the terms and subject to the conditions of this Agreement, the Company hereby
      employs the Executive and the Executive hereby accepts employment by the Company
      on the terms and conditions hereinafter set forth.

    

    2. Term.
      Subject
      to the provisions of Section 12 of this Agreement, Executive's employment shall
      be for a period of three (3) years, commencing on April 1, 2007. Both parties
      will meet 90 days prior to the expiration of this Agreement to discuss a
      contract extension.

    

    3. Executive's
      Position, Duties and Authority.

    

    3.1 Position.
      The
      Company shall employ the Executive, and the Executive shall serve as President
      of Pitt Penn Oil Co., LLC and as Executive Vice President of the
      Company.

    

       3.2 Description.
      The
      Executive shall perform such duties and responsibilities on a full time basis
      as
      shall be reasonably assigned to the Executive by the Chief Executive Officer
      of
      the Company or his designee, and which are customarily incident to the
      day-to-day operations of the Company’s manufacturing facilities.

    

    3.3 Authority.
      At all
      times during the Term, the Executive shall report directly to the CEO of the
      Company.

    

    4. Services.

    

    4.1 General.
      The
      Executive shall devote sufficient business time, labor, skill and energy to
      the
      business and affairs of the Company and to the duties and responsibilities
      referred to in Section 3.2 of this Agreement.

    

       4.2 Opportunities;
      Investments.
      The
      Executive covenants and agrees that, during the Term, he shall inform the
      Company of each business opportunity related to the business of the Company
      or
      any of the Company's subsidiaries or affiliates of which he becomes aware and
      that he will not, directly or indirectly, exploit any such opportunity for
      his
      own account.

    

    5. Location
      of Employment.
      Unless
      the Executive consents otherwise in writing, the principal location for the
      performance of his duties hereunder shall be in Creighton,
      Pennsylvania.

    

    6. Base
      Salary/Bonuses and Relocation.

    

       6.1 Base
      Salary.
      Beginning April 1, 2007, the Company shall, during the continuance of the
      Executive's employment hereunder, pay to the Executive, and the Executive agrees
      to accept, in consideration of his services, a salary (the "Base Salary") at
      a
      rate of TWO HUNDRED SEVENTY-FIVE THOUSAND AND NO/100THS DOLLARS ($275,000.00)
      per year. Such salary shall be payable in accordance with the Company's normal
      payroll practices, so long as the Executive's employment continues as provided
      by this Agreement. Each calendar year thereafter, such annual Base Salary shall
      be reviewed by the Board of Directors and such annual base salary shall increase
      by an amount not less than the increase in the Consumer Price Index as published
      by the U.S. Government multiplied by the then existing base salary.

    

    6.2 Bonuses.
      Commencing with the Term of this Agreement, each year the Executive shall be
      eligible to a discretionary annual bonus (a “Bonus”), payable within ninety (90)
      days after the end of the fiscal year in an amount to be determined by the
      Board
      of Directors in consideration for the Executive's performance.

    

    6.3 Relocation.
      The
      Executive shall be entitled to receive a full relocation package to the
      Creighton, Pennsylvania area including six (6) months of temporary living
      expenses.

    

    7. Stock
      Grants and Options.
      

    

    7.1 Stock
      Grants.
      Commencing with the Term of this Agreement, the Executive shall receive 10,000
      restricted shares of Common Stock of the Company. On each of April 1, 2008
      and
      April 1, 2009, the Executive shall receive 10,000 additional shares of the
      Company’s Common Stock.

    

    7.2 Stock
      Options.
      Commencing with the Term of this Agreement, the Executive shall receive the
      following options (collectively, the "Stock Options") to purchase shares of
      the
      Company's Common Stock as provided below:

    

    (a) Stock
      Options to purchase 100,000 shares of the Company’s Common Stock at $6.05 per
      share which shall vest 1/3 each year over a three (3) year period pursuant
      to
      the Company’s 2004 Stock Option Plan.

    

    (b) Each
      calendar year the Board of Directors will review option grants and if decided
      by
      the Board of Directors, additional Stock Options will be issued to purchase
      shares of the Company's Common Stock.

    

    8. Deductions.
      The
      Company shall, in accordance with applicable law, deduct from the Base Salary
      and all other cash amounts payable to the Executive by the Company under the
      provisions of this Agreement, or, if applicable, to his estate, legal
      representatives or other beneficiary designated in writing by the Executive,
      all
      social security taxes, all federal, state and municipal taxes and all other
      charges and deductions which now or hereafter are required by law to be charges
      on the compensation of the Executive or charges on cash benefits payable by
      the
      Company hereunder to his estate, legal representatives or other
      beneficiary.

    

    9. Expenses;
      Vacation.
      The
      Company shall reimburse the Executive, upon production of reasonably detailed
      accounts and vouchers or other reasonable evidence of payment by the Executive,
      all in accordance with the Company's regular procedures in effect from time
      to
      time and in form suitable to establish the validity of such expenses for tax
      purposes, all ordinary, reasonable and necessary travel, entertainment and
      other
      business expenses as shall be incurred by him in the performance of his duties
      hereunder. During the Term of this Agreement, the Executive shall be entitled
      to
      twenty (20) days vacation annually with pay at the compensation in effect when
      the vacation is taken. 

    

    10. Benefits
      and Additional Benefits.

    

    10.1 Benefits.
      During
      the Term, the Executive shall be eligible to participate in any pension or
      profit-sharing plan or program of the Company now existing or hereafter
      established, on terms no less favorable than those made available to other
      senior executives of the Company.

    

    10.2 Additional
      Benefits.
      The
      Company shall provide the following additional benefits:

    

      (a) The
      Executive shall be entitled to receive such other benefits or rights as may
      be
      provided under any employment benefit plan provided by the Company that is
      now
      or hereafter will be reflected, including participation in life, medical,
      disability and dental insurance plans at no cost. 

    

      (b) The
      Executive shall have the choice to have the Company lease a car at Executive’s
      discretion (i.e., Mercedes, BMW, Lexus) or receive $750.00 per month as a car
      allowance. The Company shall pay all applicable insurance, maintenance, parking
      fees, and all associated costs.

    

    11. Confidential
      Information.
      All
      records, papers, models, programs and other documents and those kept or made
      by
      the Executive relating to the business or affairs of the Company, the Company's
      subsidiaries or affiliates, or any of the clients or customers of such entities
      shall be and remain the property of the Company, and to the-extent available
      shall be delivered by the Executive to the Company as may required, upon the
      expiration or earlier termination of the Executive's employment by the
      Company.

    

    12. Termination.

    

    12.1 Reasons
      for Termination.
      Notwithstanding the provisions of Sections 1 and 2 hereof, this Agreement may
      be
      terminated prior to the expiration of the Term by the Board of Directors of
      the
      Company upon the occurrence of any of the following events:

    

        12.1.1 The
      death
      of the Executive; or

    

       12.1.2 For
      cause, which shall be if the Executive is convicted of a felony criminal offense
      or the commission of an act of fraud on the Company.

    

    12.2 Consequences
      of Termination of this Agreement under Section 12.

    

       (a) In
      the
      event that this Agreement is terminated in accordance with Section 12.1.1 above,
      the Executive, his estate, legal representatives or designee shall be entitled
      to receive, in full satisfaction of all obligations due to the Executive from
      the Company hereunder, all accrued but unpaid Base Salary and any unpaid Bonus
      in respect of a fiscal year ended prior to the Executive's death, and upon
      payment of said sums the Company shall have no further obligations or
      liabilities to the Executive hereunder. All outstanding stock options are
      considered part of the estate of the Executive.

    

    (b) In
      the
      event that this Agreement is terminated in accordance with Section 12.1.2 above,
      the Company shall have no further obligations or liabilities to the Executive
      hereunder.

    

      13. Notices.
      Any
      notice, direction or instruction required or permitted to be given hereunder
      shall be given in writing and may be given by telex, telegram, facsimile
      transmission or similar method if confirmed by mail as herein provided; by
      mail
      if sent postage prepaid by registered mail, return receipt requested; or by
      hand
      delivery to any party at the address of the party set forth below. If notice,
      direction or instruction is given by telex, telegram or facsimile transmission
      or similar method or by hand delivery, it shall be deemed to have been given
      or
      made on the day on which it was given, and if mailed, shall be deemed to have
      been given or made on the third business day following the day after which
      it
      was mailed. Any party may, from time to time, by like notice give notice of
      any
      change of address and in such event, the address of such party shall be deemed
      to be changed accordingly.

    

       (i) If
      to the
      Executive:

    

    Robert
      D.
      Redmond

    2321
      Ridgewood Drive

    El
      Dorado, Arkansas 71730

    

    (ii) If
      to the
      Company:

    

    Industrial
      Enterprises of America, Inc.

    711
      Third
      Avenue

        Suite
      1505

    New
      York,
      NY 10017

    

    14. General.

    

    14.1 Governing
      Law.
      This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      internal laws of the State of Delaware, regardless of the laws that might
      otherwise govern under applicable principles of conflicts of laws.

    

    14.2 Captions.
      The
      section headings contained herein are for reference purposes only and shall
      not
      in any way affect the meaning or interpretation of this Agreement.

    

    14.3 Entire
      Agreement.
      This
      Agreement sets forth the entire agreement and understanding of the parties
      relating to the subject matter hereof, and supersedes all prior agreements,
      arrangements and understandings, written or oral, between or among the parties,
      except as specifically provided herein. There are no oral promises, conditions,
      representations, understandings, interpretations or terms of any kind as
      conditions or inducements to the execution hereof or in effect among the
      parties. No custom or trade usage, nor course of conduct among the parties,
      shall be relied upon to vary the terms hereof.

    

    14.4 Successors
      and Assigns.
      This
      Agreement, and the Executive's rights and obligations hereunder, may be assigned
      by the Executive to a personal services company so long as such personal
      services company executes a contract similar to this one that provides the
      service of the Executive to the Company. The Executive may designate one or
      more
      beneficiaries to receive any amounts that would otherwise be payable hereunder
      to the Executive's estate. This Agreement shall be binding on any successor
      to
      the Company whether by merger, consolidation, acquisition of all or
      substantially all of the Company's assets or business or otherwise, as fully
      as
      if such successor were a signatory hereto, and the Company shall cause such
      successor to, and such successor shall, expressly assume the Company's
      obligations hereunder.

    

       14.5 Amendments;
      Waivers.
      This
      Agreement cannot be changed, modified or amended, and no provision or
      requirement hereof may be waived, without consent in writing of the parties
      hereto. However, in the event that the Company issues an Employee Directive
      which amends or modifies any policy specifically identified and incorporated
      into this Agreement, such policy automatically shall be deemed included as
      part
      of this Agreement without further consideration other than the continued
      performance of this Agreement's material terms by the Company. The failure
      of a
      party at any time or times to require performance of any provision hereof shall
      in no manner affect the right of such party at a later time to enforce the
      same.
      No waiver by a party of the breach of any term or covenant contained in this
      Agreement, whether by conduct or otherwise, in any one or more instances, shall
      be deemed to be, or construed as, a further or continuing waiver of any such
      breach, or a waiver of the breach of any other term or covenant contained in
      this Agreement.

    

    14.6 Beneficiaries.
      Whenever this Agreement provides for any payment to the Executive's estate,
      such
      payment may be made instead to such beneficiary or beneficiaries as the
      Executive may have designated in a writing filed with the Company. The Executive
      shall have the right to revoke any such designation and to re-designate a
      beneficiary or beneficiaries by written notice to the Company (and any
      applicable insurance company) to such effect.

    

    14.7 Further
      Assurances.
      The
      parties hereto agree that, after the execution of this Agreement, they will
      make, do, execute or cause or permit to be made, done or executed all such
      further and other lawful acts, deeds, things, devices, conveyances and
      assurances in law whatsoever as may be required to carry out the true intention
      and to give full force and effect to this Agreement.

    

       14.8 Ability
      to Fulfill Obligations.
      Neither
      the Company nor the Executive is a party to or bound by any agreement which
      would be violated by the terms of this Agreement.

    

       14.9 Severability.
      Should
      any provision of this Agreement be unenforceable or prohibited by any applicable
      law, this Agreement shall be considered divisible as to such provision which
      shall be inoperative, and the remainder of this Agreement shall be valid and
      binding as though such provision were not included herein.

    

       14.10 Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed to be an original. It shall not be necessary when making proof of this
      Agreement to account for more than one counterpart.

    

    14.11 Survival
      of Certain Provisions.
      The
      provisions of Sections 10, 11, and 12 shall, to the extent applicable, continue
      in full force and effect notwithstanding the expiration or earlier termination
      of this Agreement or of the Executive's employment in accordance with the terms
      of this Agreement.

    

    14.12 Arbitration
      of Disputes.
      Any
      dispute or controversy between the parties relating to or arising out of this
      Agreement or any amendment or modification hereof shall be determined by
      arbitration in the City and State of New York by and pursuant to the rules
      then
      prevailing of the American Arbitration Association. The arbitration award shall
      be final and binding upon the parties and judgment may be entered thereon by
      any
      court of competent jurisdiction. The service of any notice, process, motion
      or
      other document in connection with any arbitration under this Agreement or the
      enforcement of any arbitration award hereunder may be effectuated either by
      personal service upon a party or by certified mail duly addressed to him or
      to
      his executors, administrators, personal representatives, next of kin, successors
      or assigns, at the last known address or addresses of such party or parties.
      If
      the Executive is the prevailing party on any issue in any such arbitration
      proceeding, he shall be entitled to recover from the Company any actual expenses
      for attorney's fees and disbursements incurred by him.

    

    

    

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

    

    

    INDUSTRIAL
      ENTERPRISES OF AMERICA, INC.

    

    

    By:
       /s/
      John Mazzuto  

    Name:
       John
      Mazzuto   

    Title:
       Chief
      Executive Officer and President

    

    

    

    

    By: /s/
      Robert D. Redmond 

    Name: Robert
      D. Redmond

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