Document:

Fifth Amendment To Credit Agreement

 Exhibit 10.1 
 FIFTH AMENDMENT TO CREDIT AGREEMENT 
 FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Fifth
Amendment”), dated as of May 16, 2008, among ENERSYS, a Delaware corporation (“Holdings”), ENERSYS CAPITAL INC., a Delaware corporation (the “Borrower”), the lenders from time to time party to the Credit
Agreement referred to below (the “Lenders”) and Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), and Bank of America, N.A., as Collateral Agent (in such capacity, the
“Collateral Agent”). All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided such terms in the Credit Agreement. 
 WITNESSETH: 
 WHEREAS, Holdings, the Borrower, the Lenders, the Administrative
Agent, Morgan Stanley Senior Funding, Inc., as Syndication Agent, and Lehman Commercial Paper Inc., as Documentation Agent, are parties to a Credit Agreement, dated as of March 17, 2004 (as amended, modified and/or supplemented to, but not
including, the date hereof, the “Credit Agreement”); and 
 WHEREAS, subject to the terms and conditions of this Fifth
Amendment, the parties hereto wish to amend or otherwise modify certain provisions of the Credit Agreement as herein provided. 
 NOW,
THEREFORE, IT IS AGREED: 
  

	I.	Amendments to Credit Agreement. 

 1.
Section 8.14(a)(iii) of the Credit Agreement is hereby amended by deleting the text “for the period of four consecutive fiscal quarters (taken as one accounting period) most recently ended prior to the date of such Permitted Acquisition
(each, a “Calculation Period”)” appearing in said Section and inserting the text “for the Calculation Period most recently ended prior to the date of such Permitted Acquisition” in lieu thereof. 
 2. Section 8.19 of the Credit Agreement is hereby amended by inserting the text “as of the last day of the Calculation Period then most
recently ended” immediately after the text “Leverage Ratio of 3:00:1.00 or less” appearing in said Section. 
 3.
Section 9.04 of the Credit Agreement is hereby amended by (i) deleting the word “and” appearing at the end of clause (xx) of said Section, (ii) deleting the period (“.”) at the end of clause (xxi) of said
Section and inserting the text “; and” in lieu thereof and (iii) inserting the following new clause (xxii) immediately following clause (xxi) of said Section: 
 “(xxii) unsecured Indebtedness of Holdings under the Permitted Senior Notes and the Permitted Senior Notes Documents, and of the
Borrower and the Subsidiary Guarantors (so long as same remain Subsidiary Guarantors) under guarantees of the obligations of Holdings pursuant to the Permitted Senior Notes Documents to which they are a party, in the aggregate principal amount not
to exceed $205,000,000 (as such 

 
principal amount may be reduced by principal repayments of the Permitted Senior Notes and/or, in the case of Permitted Convertible Notes, by conversions in
accordance with the terms of the Permitted Senior Notes Indenture), so long as (A) such Indebtedness is incurred in accordance with the requirements of the definition of Permitted Senior Notes and (B) 100% of the Net Cash Proceeds of such
Indebtedness shall have been applied as a mandatory prepayment and/or commitment reduction in accordance with the requirements of Section 4.02(d).”. 
 4. Section 9.06 of the Credit Agreement is hereby amended by (i) inserting the text “as of the last day of the Calculation Period then most recently ended,” immediately after the text
“Leverage Ratio not to exceed 3:0:1.00” appearing in clause (x) of said Section, (ii) deleting the word “and” appearing at the end of clause (xii) of said Section, (iii) deleting the period (“.”) at
the end of clause (xiii) of said Section and inserting a semi-colon (“;”) in lieu thereof, and (iv) inserting the following new clauses (xiv), (xv) and (xvi) immediately following clause (xiii) of said Section:

 “(xiv) the Borrower may pay cash Dividends to Holdings, so long as Holdings promptly (and in any event within two
Business Days) uses the proceeds thereof to pay regularly scheduled interest plus any Additional Interest on Permitted Senior Notes when and as due in accordance with the terms of the Permitted Senior Notes Documents; 
 (xv) the Borrower may pay cash Dividends to Holdings to enable Holdings to pay, and Holdings may pay, cash in lieu of fractional shares of
Holdings Common Stock issued in connection with a conversion of Permitted Convertible Notes in accordance with the relevant provisions of the Permitted Senior Notes Indenture, so long as (i) Holdings shall have promptly (and in any event within
two Business Days of its receipt thereof) used the proceeds of such Dividends from the Borrower to pay cash in lieu of fractional shares of Holdings Common Stock permitted to be paid pursuant to this clause (xv) and (ii) the aggregate
amount of all cash paid pursuant to this clause (xv) does not exceed $200,000; and 
 (xvi) the Borrower may pay cash
Dividends to Holdings to enable Holdings to pay, and Holdings may pay, cash “net share” settlements to holders of Permitted Convertible Notes payable upon the conversion of the Permitted Convertible Notes in accordance with the terms of
the Permitted Senior Notes Indenture, so long as (1) no Default or Event of Default then exists or would result therefrom, (2) such cash “net cash” settlements relate exclusively to the “principal portion” of the
conversion value of such Permitted Convertible Notes, (3) Holdings shall have promptly (and in any event within two Business Days of its receipt thereof) used the proceeds of such Dividends from the Borrower to pay cash “net share”
settlements permitted to be paid pursuant to this clause (xvi), (4) after giving effect to the payment of any such cash “net share” settlement and the incurrence of any Indebtedness to finance the same, (A) Holdings shall be in
compliance, on a Pro Forma Basis, with the financial covenants contained in Sections 9.08 and 9.09 as of the last day of the Calculation Period then most recently ended (for purposes of determining such compliance, however, using the
financial covenant level specified in Section 9.08 or 9.09, as the case may be, for the fiscal quarter in which such Dividend is to be paid), (B) Holdings shall have demonstrated compliance, 

  

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on a Pro Forma Basis, with a Senior Secured Leverage Ratio of less than 2.50:1.0 as of the last day of the Calculation Period then most
recently ended, and (C) the sum of the Total Unutilized Revolving Loan Commitment at such time plus the aggregate amount of Unrestricted cash and Cash Equivalents of Holdings, the Borrower and each Subsidiary Guarantor at such time shall
equal or exceed $25,000,000, and (5) Holdings shall have delivered to the Administrative Agent on the date of the payment of such Dividend, an officer’s certificate executed by an Authorized Officer of Holdings, certifying to the best of
his knowledge, compliance with the requirements of preceding clauses (1) through (4), inclusive, and containing the calculations required by preceding clause (4); provided, however, that Holdings shall not be required to
demonstrate compliance with clause (4)(B) above (or certify as to such compliance pursuant to clause (5) above) if (x) Holdings notifies the Administrative Agent in writing of its intention to pay a cash Dividend (and the amount
thereof) in reliance on this proviso, and (y) the aggregate amount of the cash Dividends then paid, together with the aggregate amount of all other cash Dividends paid in reliance on this proviso, does not exceed $10,000,000.”. 

5. Section 9.08 of the Credit Agreement is hereby amended by deleting the last sentence appearing at the end of said Section in its entirety.

 6. Section 9.09 of the Credit Agreement is hereby amended by deleting the last sentence appearing at the end of said Section in its
entirety. 
 7. Section 9.12 of the Credit Agreement is hereby amended by (i) deleting the word “or” appearing at the end
of clause (iii) of said Section, (ii) deleting the period (“.”) at the end of clause (iv) of said Section and inserting the text “; and” in lieu thereof, and (iii) inserting the following new clauses
(v) and (vi) at the end of said Section: 
 “(v) 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 other acquisition for value as a result of any asset sale, change of control or other required “repurchase” event prior to final stated maturity, of any Permitted Senior Notes;
provided that so long as no Default or Event of Default then exists or would result therefrom, (i) the Permanent Exchange Senior Notes may be issued in exchange for Permitted Senior Notes as contemplated by the definition of Permitted
Senior Notes and consistent with the definition of Permanent Exchange Senior Notes, and (ii) Permitted Convertible Notes may be converted into shares of Holdings Common Stock and/or the right to receive cash “net share” settlements in
accordance with the conversion provisions of the Permitted Senior Notes Documents, so long as the payment of any cash “net share” settlement in connection therewith (and the Dividend by the Borrower used to finance the same) is permitted
by Section 9.06(xvi); and 
 (vi) amend, modify or change any provision of the Permitted Senior Notes Documents in a
manner adverse to the interests of the Lenders in any material respect; provided that in no event shall any such amendment, modification or change shorten the maturity or average life to maturity of the Permitted Senior Notes, require any
payment with respect thereto sooner than previously scheduled, increase the interest rate or fees applicable thereto or grant collateral as security therefor.”. 
  

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 8. Section 9.14(a) of the Credit Agreement is hereby amended by (i) redesignating clause
(xi) of said Section as clause (xii) thereof and (ii) inserting the following new clause (xi) immediately after the text “Refinancing Senior Subordinated Notes Documents” appearing in said Section: 
 “; (xi) on and after the execution and delivery thereof, the Permitted Senior Notes Documents”. 
 9. Section 9 of the Credit Agreement is hereby amended by adding new Section 9.16 at the end of said Section: 
 “9.16 Special Provisions Relating to the Contingent Conversion of Permitted Convertible Notes. Holdings will not
(i) distribute to all or substantially all holders of its common Equity Interests (x) rights or warrants entitling such holders (for a period of not more than 60 days after the date of such distribution) to subscribe for or purchase shares
of its common Equity Interests at a price per share less than the average of the last reported sale price of its common Equity Interests for the 10 consecutive trading day period ending on the trading day immediately preceding the declaration date
of such distribution or (y) debt securities, assets or rights to purchase its Equity Interests that have a per share value (as determined by the board of directors of Holdings) exceeding 10% of the last reported sale price of its common Equity
Interests on the trading day immediately preceding the declaration date for such distribution or (ii) take any other corporate action within its control which triggers a conversion right for holders of Permitted Convertible Notes in accordance
with the terms of the Permitted Senior Notes Documents (excluding, however, for avoidance of doubt, so-called “bond parity” or “stock price” contingent conversion triggers).”. 
 10. The definition of “Change of Control” appearing in Section 11 of the Credit Agreement is hereby amended by inserting the text
“, any Permitted Senior Notes Document” immediately before the text “or any Refinancing Senior Subordinated Notes Document” appearing in said definition. 
 11. Section 11 of the Credit Agreement is hereby further amended by (i) deleting the definitions of “Calculation Period”,
“Consolidated Interest Coverage Ratio”, “Leverage Ratio” and “Pro Forma Basis” appearing in said Section and (ii) inserting the following new definitions in the appropriate alphabetical order
in said Section: 
 “Additional Interest” shall mean, any increase in the interest rate on the Permitted
Senior Notes due to the failure by Holdings to (i) file the shelf registration statement when required by any registration rights agreement applicable thereto; or (ii) timely file any report or document that it is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act at any time during the one year period following the original issuance date of the Permitted Senior Notes (after giving effect to any applicable cure periods). 
  

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 “Calculation Period” shall mean, with respect to any Permitted
Acquisition 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 or other event for
which financial statements have been delivered (or were required to be delivered) to the Lenders pursuant to this Agreement. 
 “Consolidated Interest Coverage Ratio” shall mean, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Net Interest Expense for such period; provided that for purposes
of any calculation of the Consolidated Interest Coverage Ratio pursuant to Sections 8.14(a) and 9.06(xvi) only, (i) Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with clause (iii) of the
definition of “Pro Forma Basis” contained herein and (ii) Consolidated Net Interest Expense shall be determined on a Pro Forma Basis in accordance with the requirements of the definition of “Pro
Forma Basis” contained herein. 
 “Documents” shall mean and include (i) the Credit
Documents, (ii) the Refinancing Documents, (iii) on and after the execution and delivery thereof, the Accounts Receivable Facility Documents, (iv) the Second-Lien Credit Documents, (v) on and after the execution and delivery
thereof, the Refinancing Senior Subordinated Notes Documents, and (vi) on and after the execution and delivery thereof, the Permitted Senior Notes Documents. 
 “Leverage Ratio” shall mean, on any date of determination, the ratio of (x) Consolidated Debt on such date to
(y) Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that (i) for purposes of any calculation of the Leverage Ratio pursuant to this Agreement, Consolidated EBITDA shall be determined on
a Pro Forma Basis in accordance with clause (iii) of the definition of “Pro Forma Basis” contained herein and (ii) for purposes of any calculation of the Leverage Ratio pursuant to Sections 8.14(a),
8.19, 9.06(x) and 9.06(xvi) and the definitions of “Applicable Margin” and “Excluded IPO Proceeds” only, Consolidated Debt shall be determined on a Pro Forma Basis in accordance with the requirements of the
definition of “Pro Forma Basis” contained herein. 
 “Permanent Exchange Senior
Notes” shall mean senior notes or convertible notes issued by Holdings in exchange for Permitted Senior Notes pursuant to the Permitted Senior Notes Indenture, which Permanent Exchange Senior Notes shall be substantially identical
securities to the originally issued Permitted Senior Notes and issued pursuant to a registered exchange offer or private exchange offer for the Permitted Senior Notes on market terms reasonably satisfactory to the Administrative Agent;
provided that in no event will the issuance of any Permanent Exchange Senior Notes increase the aggregate principal amount of Permitted Senior Notes theretofore outstanding or otherwise result in an increase in the interest rate applicable to
the Permitted Senior Notes theretofore outstanding excluding, for the avoidance of doubt, any increase resulting from Additional Interest permitted to be incurred at any time under the Permitted Senior Notes. 
 “Permitted Convertible Notes” shall mean any Permitted Senior Notes in the form of convertible notes. 
  

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 “Permitted Senior Notes” shall mean any Indebtedness of Holdings
evidenced by, at Holdings’ election at the time of incurrence, either senior notes or convertible notes (but not both), so long as (a) such Indebtedness does not provide for security, (b) such Indebtedness does not provide for
guaranties by any Person (other than the Borrower and the Subsidiary Guarantors), (c) such Indebtedness is not subject to amortization and does not mature, in any case at any time prior to the first anniversary of the Term Loan Maturity Date
(although, for avoidance of doubt, early conversion rights with respect to convertible notes and mandatory repurchase requirements complying with clause (d) below do not violate this clause (c)), (d) the definitive agreement or indenture
governing such Indebtedness shall (1) not include any financial maintenance covenants, (2) not contain covenant and default provisions which are more restrictive or onerous than those applicable to Holdings and its Subsidiaries under this
Agreement (other than, in the case of convertible notes, a customary “fundamental change” offer to repurchase covenant satisfying the requirements of succeeding clause (3)), (3) only include a “change of control” or
“fundamental change” offer to repurchase covenant if such covenant does not require a repurchase sooner than the date occurring 45 days after the applicable triggering event and (4) in the case of Indebtedness in the form of senior
notes, only include an “asset sale” offer to purchase covenant if such covenant permits Holdings, the Borrower or a Subsidiary of Holdings to repay Obligations, and terminate Commitments, under this Agreement before offering to purchase
such Indebtedness, (e) the “default to other indebtedness” event of default contained in the definitive agreement or indenture governing such Indebtedness shall provide for “cross-acceleration” rather than a
“cross-default”, (f) all other terms of such Indebtedness are (1) customary (and on market terms) for a public offering or private placement under Rule 144A of the Securities Act of senior unsecured notes or convertible notes
(including, without limitation, the amount of any Additional Interest which may be required to be paid), and (2) together with any documentation relating thereto, reasonably satisfactory to the Administrative Agent, as such Indebtedness may be
amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof. The issuance of Permitted Senior Notes shall be deemed to be a representation and warranty by Holdings and the Borrower that all conditions
thereto have been satisfied in all material respects 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. As used in this Agreement, the term “Permitted Senior Notes” shall include any Permanent Exchange Senior Notes issued pursuant to the Permitted Senior Notes Indenture in exchange for
theretofore outstanding Permitted Senior Notes, as contemplated by the definition of Permanent Exchange Senior Notes. 
 “Permitted Senior Notes Documents” shall mean the Permitted Senior Notes, the Permitted Senior Notes Indenture and each other agreement, document or instrument relating to the issuance of the Permitted Senior Notes, as the
same may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. 
 “Permitted Senior Notes Indenture” shall mean any indenture or similar agreement entered into in connection with the issuance of Permitted Senior Notes, as the same may be amended, modified or supplemented from time to time
in accordance with the terms hereof and thereof. 
  

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 “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) the incurrence of any Indebtedness (other than revolving Indebtedness, except to the extent same is
incurred to refinance other outstanding Indebtedness, to finance a Permitted Acquisition or to finance a Dividend pursuant to Section 9.06(x) or (xvi)) after the first day of the relevant Calculation Period or Test Period, as the case may be,
as if such Indebtedness had been incurred (and the proceeds thereof applied) on the first day of such Test Period or Calculation Period, as the case may be, (y) the permanent repayment of any Indebtedness (other than revolving Indebtedness,
except to the extent accompanied by a corresponding permanent commitment reduction) after the first day of the relevant Test Period or Calculation Period, as the case may be, as if such Indebtedness had been retired or repaid on the first day of
such Test Period or Calculation Period, as the case may be, and (z) any Permitted Acquisition then being consummated as well as any other Permitted Acquisition if 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 then being effected, with the following rules to apply in connection therewith: 
 (i) all Indebtedness (x) (other than revolving Indebtedness, except to the extent same is incurred to refinance other outstanding
Indebtedness, to finance Permitted Acquisitions or to finance Dividends pursuant to Section 9.06(x) or (xvi)) incurred or issued after the first day of the relevant Test Period or 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 such Test Period or Calculation Period, as the case may be, and remain outstanding through
the date of determination and (y) (other than revolving Indebtedness, except to the extent accompanied by a corresponding permanent commitment reduction) permanently retired or redeemed after the first day of the relevant Test Period or
Calculation Period, as the case may be, shall be deemed to have been retired or redeemed on the first day of such Test Period or Calculation Period, as the case may be, and remain retired through the date of determination; 
 (ii) 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; and 
  

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 (iii) in making any determination of Consolidated EBITDA on a Pro Forma
Basis, pro forma effect shall be given to any Permitted Acquisition if effected during the respective Calculation Period or Test Period (or thereafter, for purposes of determinations pursuant to Sections 8.14(a), 8.19, 9.06(x) and
9.06(xvi) and the definitions of “Applicable Margin” and “Excluded IPO Proceeds” 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. 
 “Restricted” shall mean, when referring
to cash or Cash Equivalents of Holdings or any of its Subsidiaries, that such cash or Cash Equivalents (i) appear (or would be required to appear) as “restricted” on a consolidated balance sheet of Holdings or of any such Subsidiary
(unless such appearance is related to the Credit Documents or Liens created thereunder), (ii) are subject to any Lien in favor of any Person (other than the Collateral Agent for the benefit of the Secured Creditors), (iii) are held by
Holdings or such Subsidiary outside of the United States or a state thereof, or (iv) are not otherwise generally available for use by Holdings or such Subsidiary. 
 “Senior Secured Leverage Ratio” shall mean, on any date of determination, the ratio of (x) Senior Secured
Consolidated Debt on such date to (y) Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that for purposes of any calculation of the Senior Secured Leverage Ratio pursuant to this Agreement,
(i) Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with clause (iii) of the definition of “Pro Forma Basis” contained herein and (ii) Senior Secured Consolidated Debt
shall be determined on a Pro Forma Basis in accordance with the requirements of the definition of “Pro Forma Basis” contained herein. 
 “Unrestricted” shall mean, when referring to cash or Cash Equivalents of Holdings or any of its Subsidiaries, that such
cash or Cash Equivalents are not Restricted. 
 12. Section 12.04(a) of the Credit Agreement is hereby amended by deleting the text
“the definition of “Refinancing Senior Subordinated Notes”“ appearing in said Section and inserting the text “the definitions of “Refinancing Senior Subordinated Notes”, “Permitted Senior Notes” and
“Permanent Exchange Senior Notes”“ in lieu thereof. 
 13. Section 12.04 of the Credit Agreement is hereby further
amended by deleting clause (b) of said Section in its entirety and inserting the following new clause (b) in lieu thereof: 
 “(b) For purposes of determining compliance with the conditions specified in Sections 5, 6, 8.16 and 8.19 and the definitions of “Refinancing Senior Subordinated Notes”, “Permitted Senior Notes” and
“Permanent Exchange Senior Notes”, each Agent and each Lender shall be deemed to have consented to, approved or accepted or to be 

  

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satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Administrative
Agent, the Collateral Agent, any other Agent and/or a Lender unless the Administrative Agent shall have received notice from an objecting Agent or Lender prior to the Effective Date or other relevant date of determination, as the case may be,
specifying its objection thereto. Without limiting the foregoing, it is understood and agreed that each Lender has the right to request from the Administrative Agent and/or the Collateral Agent a copy of (x) any item required to be delivered
pursuant to Section 5, 8.16 or 8.19 which is required to be satisfactory in form, scope and substance to the Administrative Agent, the Collateral Agent or any other Agent, (y) any Refinancing Senior Subordinated Notes Documents entered
into in connection with Indebtedness incurred pursuant to Section 9.04(xvi), and (z) any Permitted Senior Notes Documents entered into in connection with Indebtedness incurred pursuant to Section 9.04(xxii).”. 
 14. Section 12.08 of the Credit Agreement is hereby amended by deleting the text “the Refinancing Senior Subordinated Notes” appearing in
said Section and inserting the text “the Refinancing Senior Subordinated Notes, the Permitted Senior Notes and the Permanent Exchange Senior Notes” in lieu thereof. 
  

	II.	Miscellaneous Provisions. 

 1. In order to induce
the Lenders to enter into this Fifth Amendment, each Credit Agreement Party hereby represents and warrants that: 
 (a) no
Default or Event of Default exists as of the Fifth Amendment Effective Date, both before and after giving effect to this Fifth Amendment; and 
 (b) all of the representations and warranties contained in the Credit Agreement or the other Credit Documents are true and correct in all material respects on the Fifth Amendment Effective Date both before and after
giving effect to this Fifth Amendment, with the same effect as though such representations and warranties had been made on and as of the Fifth Amendment Effective Date (it being understood that any representation or warranty made as of a specific
date shall be true and correct in all material respects as of such specific date). 
 2. This Fifth Amendment is limited as specified and
shall not constitute a modification, acceptance, consent to, deviation from or waiver of any other provision of the Credit Agreement or any other Credit Document. 
 3. This Fifth Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the Borrower and the Administrative Agent. 
 4. THIS FIFTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  

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 5. This Fifth Amendment shall become effective on the date (the “Fifth Amendment Effective
Date”) when each of the following conditions shall have been satisfied: 
 (i) Holdings, the Borrower and Lenders
constituting the Required Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile transmission) the same to White & Case LLP, 1155 Avenue of the
Americas, New York, NY 10036 Attention: May Yip-Daniels (facsimile number 212-354-8113); and 
 (ii) there shall have been
delivered to Administrative Agent copies of resolutions of the board of directors of Holdings and the Borrower approving and authorizing the execution, delivery and performance of this Fifth Amendment and the Credit Documents as amended by this
Fifth Amendment, certified as of the Fifth Amendment Effective Date by the corporate secretary or an assistant secretary of such Credit Party as being in full force and effect without modification or amendment. 
 6. From and after the Fifth Amendment Effective Date, all references in the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement as modified hereby. 
 * * * 
  

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 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this Fifth Amendment as of the date first above written. 
  

			
	ENERSYS
		
	By:	 	 /s/ Michael G. Hastings

	Name:	 	Michael G. Hastings
	Title:	 	Vice President, Treasurer and Assistant Secretary
	
	ENERSYS CAPITAL INC.
		
	By:	 	 /s/ Michael G. Hastings

	Name:	 	Michael G. Hastings
	Title:	 	Treasurer and Assistant Secretary
	
	BANK OF AMERICA, N.A, as Administrative Agent
		
	By:	 	 /s/ John P. Wofford

	Name:	 	John P. Wofford
	Title:	 	Vice President
	
	BANK OF AMERICA, N.A., Individually
		
	By:	 	 /s/ John P. Wofford

	Name:	 	John P. Wofford
	Title:	 	Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 Bank of America, N.A.

		
	 By:
	 	 /s/ John P. Wofford

	 Name:
	 	 John P. Wofford

	 Title:
	 	 Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 Galaxy CLO 2003-1, Ltd.

	
	 By: AIG Global Investment Corp., Inc. its Collateral
 Manager

		
	By:	 	 /s/ Steven S. Oh

	Name:	 	Steven S. Oh
	Title:	 	Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	SunAmerica Senior Floating Rate Fund Inc.
	
	 By: AIG Global Investment Corp., Inc.,
 Investment Sub-Adviser

		
	By:	 	 /s/ Steven S. Oh

	Name:	 	Steven S. Oh
	Title:	 	Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	BABSON CLO LTD. 2003-I
	BABSON CLO LTD. 2004-I
	BABSON CLO LTD. 2005-I
	BABSON CLO LTD. 2006-II
	SAPPHIRE VALLEY CDO I, LTD.
	SUFFIELD CLO, LIMITED
	
	 By: Babson Capital Management LLC as Collateral
 Manager

		
	By:	 	 /s/ Michael Friend

	Name:	 	Michael Friend
	Title:	 	Director
	
	 MASSACHUSETTS MUTUAL LIFE
 INSURANCE COMPANY

	
	 By: Babson Capital Management LLC as
 Investment Manager

		
	By:	 	 /s/ Michael Friend

	Name:	 	Michael Friend
	Title:	 	Director

			
	SIMBURY CLO, LIMITED
	
	 By: Babson Capital Management LLC under
 delegated authority from Massachusetts Mutual Life
 Insurance Company as Collateral Manager

		
	By:	 	 /s/ Michael Friend

	Name:	 	Michael Friend
	Title:	 	Director
	
	VINACASA CLO, LTD
	
	 By: Babson Capital Management LLC as Collateral
 Servicer

		
	By:	 	 /s/ Michael Friend

	Name:	 	Michael Friend
	Title:	 	Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 BANK OF TOKYO-MITSUBISHI UFJ TRUST
 COMPANY

		
	By:	 	 /s/ Lawrence Elkins

	Name:	 	Lawrence Elkins
	Title:	 	Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 BLACK DIAMOND CLO 2005-2 Ltd.

	
	 By: Black Diamond CLO 2005-2 Adviser, L.L.C. as
 its Collateral Manager

		
	By:	 	 /s/ Stephen H. Deckoff

	Name:	 	Stephen H. Deckoff
	Title:	 	Managing Principal

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 BlackRock Senior Incomes Series
 Magnetite V CLO, Limited
 Senior Loan Portfolio
 BlackRock Global Investment Series: Income

Strategies Portfolio

		
	By:	 	 /s/ Anthony Heyman

	Name:	 	Anthony Heyman
	Title:	 	Authorized Signatory

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	FOXE BASIN CLO 2003, LTD.
	
	 By: GSO Debt Funds Management LLC as
 Collateral Manager

		
	By:	 	 /s/ Lee M. Shaiman

	Name:	 	Lee M. Shaiman
	Title:	 	Authorized Signatory

			
	 SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG
ENERSYS, A DELAWARE CORPORATION, ENERSYS CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN
COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT
  
 NAME OF INSTITUTION:
  
 HUDSON STRAITS CLO 2004, LTD.

	
	 By: GSO Debt Funds Management LLC as
 Collateral Manager

		
	By:	 	 /s/ Lee M. Shaiman

	Name:	 	Lee M. Shaiman
	Title:	 	Authorized Signatory

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	  
 NAME OF INSTITUTION:
  
 Sun Life Assurance Company of Canada (US)

	
	By: GSO CP Holdings LP as Sub-Advisor
		
	By:	 	 Lee M. Shainan

	Name:	 	Lee M. Shainan
	Title:	 	Authorized Signatory

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Lafayette Square CDO Ltd.
	
	 By: Blackstone Debt Advisors L.P. as Collateral
 Manager

		
	By:	 	 /s/ Dean T. Criares

	Name:	 	Dean T. Criares
	Title:	 	Senior Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	  
 NAME OF INSTITUTION:
  
 Monument Park CDO Ltd.

	
	 By: Blackstone Debt Advisors L.P. as Collateral
 Manager

		
	By:	 	 /s/ Dean T. Criares

	Name:	 	Dean T. Criares
	Title:	 	Senior Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	RIVERSIDE PARK CLO LTD.
	
	 By: GSO Debt Funds Management LLC. as
 Collateral Manager

		
	By:	 	 /s/ Dean T. Criares

	Name:	 	Dean T. Criares
	Title:	 	Senior Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 Union Square CDO Ltd.

	
	 By: Blackstone Debt Advisors L.P. as Collateral
 Manager

		
	By:	 	 /s/ Dean T. Criares

	Name:	 	Dean T. Criares
	Title:	 	Senior Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	REGATTA FUNDING LTD.
	
	 By: Citigroup Alternative Investments LLC,
 attorney-in-fact

		
	By:	 	 /s/ John. O’Connell

	Name:	 	John O’Connell
	Title:	 	Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 LMP Corporate Loan Fund, Inc.

	
	By: Citigroup Alternative Investments LLC
		
	By:	 	 /s/ John O’Connell

	Name:	 	John O’Connell
	Title:	 	Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Columbus Loan Funding Ltd.
	
	By: Citigroup Alternative Investments LLC
		
	By:	 	 /s/ John O’Connell

	Name:	 	John O’Connell
	Title:	 	Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 BRIDGEPORT CLO LTD.

	
	 By: Deerfield Capital Management LLC as its
 Collateral Manager

		
	By:	 	 /s/ Lynne Sanders

	Name:	 	Lynne Sanders
	Title:	 	Senior Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	BRYN MAWR II CLO, Ltd.
	
	 By: Deerfield Capital Management LLC as its
 Collateral Manager

		
	By:	 	 /s/ Lynne Sanders

	Name:	 	Lynne Sanders
	Title:	 	Senior Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 FOREST CREEK CLO, Ltd.

	
	 By: Deerfield Capital Management LLC as its
 Collateral Manager

		
	By:	 	 /s/ Lynne Sanders

	Name:	 	Lynne Sanders
	Title:	 	Senior Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LONG GROVE CLO, LIMITED
	
	 By: Deerfield Capital Management LLC as its
 Collateral Manager

		
	By:	 	 /s/ Lynne Sanders

	Name:	 	Lynne Sanders
	Title:	 	Senior Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 ROSEMONT CLO, Ltd.

	
	 By: Deerfield Capital Management LLC as its
 Collateral Manager

		
	By:	 	 /s/ Lynne Sanders

	Name:	 	Lynne Sanders
	Title:	 	Senior Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 Denali Capital LLC, managing member of DC
 Funding Partners LLC, portfolio manager for
 DENALI CAPITAL CLO IV, LTD., or an affiliate

		
	By:	 	 /s/ Kelli C. Marti

	Name:	 	Kelli C. Marti
	Title:	 	Senior Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Erste Bank Der Oesterreichischen Sparkassen AG
		
	By:	 	 /s/ John Fay

	Name:	 	John Fay
	Title:	 	Executive Director
		
	By:	 	 /s/ Bryan Lynch

	Name:	 	Bryan Lynch
	Title:	 	Managing Director

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	 NAME OF INSTITUTION:
  
 FRANKLIN FLOATING RATE DAILY ACCESS
 FUND

		
	By:	 	 /s/ Richard Hsu

	Name:	 	Richard Hsu
	Title:	 	Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Franklin Templeton Series II Funds
	Franklin Floating Rate II Fund
		
	By:	 	 /s/ Richard Hsu

	Name:	 	Richard Hsu
	Title:	 	Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Franklin Floating Rate Master Series
		
	By:	 	 /s/ Richard Hsu

	Name:	 	Richard Hsu
	Title:	 	Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Franklin Templeton Total Return
	FDP Fund of FDP Series, Inc.
		
	By:	 	 /s/ Alex Guang Yu

	Name:	 	Alex Guang Yu
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Templeton Global Investment Trust -
	Templeton Income Fund
		
	By:	 	 /s/ Alex Guang Yu

	Name:	 	Alex Guang Yu
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	FRANKLIN TOTAL RETURN FUND
		
	By:	 	 /s/ Alex Guang Yu

	Name:	 	Alex Guang Yu
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 FRANKLIN STRATEGIC SERIES – FRANKLIN
 STRATEGIC INCOME FUND

		
	By:	 	 /s/ Alex Guang Yu

	Name:	 	Alex Guang Yu
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 FRANKLIN STRATEGIC INCOME FUND
 (CANADA)

		
	By:	 	 /s/ Alex Guang Yu

	Name:	 	Alex Guang Yu
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 FRANKLIN TEMPLETON VARIABLE
 INSURANCE
PRODUCTS TRUST – FRANKLIN
 STRATEGIC INCOME SECURITIES FUND

		
	By:	 	 /s/ Alex Guang Yu

	Name:	 	Alex Guang Yu
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	GULF STREAM-COMPASS CLO 2003-1 LTD
	 By: Gulf Stream Asset Management LLC as
 Collateral Manager

	
	GULF STREAM-COMPASS CLO 2004-1 LTD
	 By: Gulf Stream Asset Management LLC as
 Collateral Manager

	
	GULF STREAM-SEXTANT CLO 2007-1 LTD
	 By: Gulf Stream Asset Management LLC as
 Collateral Manager

		
	By:	 	 /s/ Barry K. Love

	Name:	 	Barry K. Love
	Title:	 	Chief Credit Officer

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	IKB Capital Corporation
		
	By:	 	 /s/ David Snyder

	Name:	 	David Snyder
	Title:	 	President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	AVALON CAPITAL LTD. 3
	 By: INVESCO Senior Secured Management, Inc. as
 Asset Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	CHAMPLAIN CLO, LTD.
	 By: INVESCO Senior Secured Management, Inc. as
 Collateral Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	CHARTER VIEW PORTFOLIO
	 By: INVESCO Senior Secured Management, Inc. as
 Investment Advisor

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	DIVERSIFIED CREDIT PORTFOLIO LTD.
	 By: INVESCO Senior Secured Management, Inc. as
 Investment Adviser

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	KATONAH V, LTD.
	 By: INVESCO Senior Secured Management, Inc. as
 Investment Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 LOAN FUNDING IX LLC, for itself or as agent for
 Corporate Loan Funding IX LLC

	 By: INVESCO Senior Secured Management, Inc. as
 Portfolio Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	SAGAMORE CLO LTD.
	 By: INVESCO Senior Secured Management, Inc. as
 Collateral Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	SARATOGA CLO I, LIMITED
	 By: INVESCO Senior Secured Management, Inc. as
 the Asset Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	WASATCH CLO, LTD
	 By: INVESCO Senior Secured Management, Inc. as
 the Portfolio Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LightPoint CLO 2004-I, Ltd
		
	By:	 	 /s/ Colin Donian

	Name:	 	Colin Donian
	Title:	 	Senior Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LCM I LIMITED PARTNERSHIP
	 By: Lyon Capital Management LLC, as 
 Collateral Manager

		
	By:	 	 /s/ Sophie A. Venon

	Name:	 	Sophie A. Venon
	Title:	 	Portfolio Manager

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LCM II LIMITED PARTNERSHIP
	 By: Lyon Capital Management LLC, as 
 Collateral Manager

		
	By:	 	 /s/ Sophie A. Venon

	Name:	 	Sophie A. Venon
	Title:	 	Portfolio Manager

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LCM III, Ltd.
	 By: Lyon Capital Management LLC, as 
 Collateral Manager

		
	By:	 	 /s/ Sophie A. Venon

	Name:	 	Sophie A. Venon
	Title:	 	Portfolio Manager

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LCM IV, Ltd.
	 By: Lyon Capital Management LLC, as the
 Collateral Manager

		
	By:	 	 /s/ Sophie A. Venon

	Name:	 	Sophie A. Venon
	Title:	 	Portfolio Manager

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	LCM V, Ltd.
	 By: Lyon Capital Management LLC, as the
 Collateral Manager

		
	By:	 	 /s/ Sophie A. Venon

	Name:	 	Sophie A. Venon
	Title:	 	Portfolio Manager

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	MUIRFIELD TRADING LLC
		
	By:	 	 /s/ Tara E. Kenny

	Name:	 	Tara E. Kenny
	Title:	 	Assistant Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	NATIONAL CITY
		
	By:	 	 /s/ James C. Ritchie

	Name:	 	James C. Ritchie
	Title:	 	Senior Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	READING BUSINESS CENTER
		
	By:	 	 /s/ Jeffrey L. Schucker

	Name:	 	Jeffrey L. Schucker
	Title:	 	Senior Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	NCRAM Senior Loan Trust 2005
	
	 By: Nomura Corporate Research and Asset
 Management Inc. as Investment Adviser

		
	By:	 	 /s/ Robert Hoffman

	Name:	 	Robert Hoffman
	Title:	 	Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Clydesdale CLO 2003 Ltd.
	
	By: Nomura Corporate Research and Asset Management Inc. as Collateral Manager
		
	By:	 	 /s/ Robert Hoffman

	Name:	 	Robert Hoffman
	Title:	 	Vice President

  

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Clydesdale CLO 2004, Ltd.
	
	 By: Nomura Corporate Research and Asset
 Management Inc. as Investment Manager

		
	By:	 	 /s/ Robert Hoffman

	Name:	 	Robert Hoffman
	Title:	 	Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Clydesdale CLO 2006, Ltd.
	
	 By: Nomura Corporate Research and Asset
 Management Inc. as Investment Manager

		
	By:	 	 /s/ Robert Hoffman

	Name:	 	Robert Hoffman
	Title:	 	Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	PINEHURST TRADING, INC.
		
	By:	 	 /s/ Tara E. Kenny

	Name:	 	Tara E. Kenny
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 SERVES 2006-I, Ltd., by PPM America, Inc., as
 Collateral Manager

		
	By:	 	 /s/ David C. Wagner

	Name:	 	David C. Wagner
	Title:	 	Managing Director

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	PPM MONARCH BAY FUNDING LLC
		
	By:	 	 /s/ Tara E. Kenny

	Name:	 	Tara E. Kenny
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	PPM SHADOW CREEK FUNDING LLC
		
	By:	 	 /s/ Tara E. Kenny

	Name:	 	Tara E. Kenny
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Ameriprise Certificate Company
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	RiverSource Life Insurance Company
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	 RiverSource Bond Series, Inc. – RiverSource
 Floating Rate Fund

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Atlas Loan Funding (CENT I) LLC
	
	By: RiverSource Investments, LLC Attorney in Fact
		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Centurion CDO III, Limited
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Centurion CDO VI, Ltd.
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Centurion CDO VII, Ltd.
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Centurion CDO 8, Limited
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Centurion CDO 9, Limited
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Cent CDO 10, Limited
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Cent CDO XI, Limited
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Cent CDO 15, Limited
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	Sequils-Centurion V, Ltd.
	
	 By: RiverSource Investments, LLC as Collateral
 Manager

		
	By:	 	 /s/ Robin C. Stancil

	Name:	 	Robin C. Stancil
	Title:	 	Director of Operations

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	RZB FINANCE LLC
		
	By:	 	 /s/ John A. Valiska

	Name:	 	John A. Valiska
	Title:	 	First Vice President
		
	By:	 	 /s/ Shirley Ritch

	Name:	 	Shirley Ritch
	Title:	 	Assistant Vice President

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	SOVEREIGN BANK
		
	By:	 	 /s/ Pamela T. Campbell

	Name:	 	Pamela T. Campbell
	Title:	 	Regional Executive

			
	SIGNATURE PAGE TO THE FIFTH AMENDMENT AS OF THE DATE FIRST SET FORTH ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF MARCH 17, 2004, AMONG ENERSYS, A DELAWARE CORPORATION, ENERSYS
CAPITAL INC., A DELAWARE CORPORATION, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, MORGAN STANLEY SENIOR FUNDING, INC., AS SYNDICATION AGENT, AND LEHMAN COMMERCIAL PAPER INC., AS DOCUMENTATION AGENT

	
	NAME OF INSTITUTION:
	
	WACHOVIA BANK, N.A.
		
	By:	 	 /s/ Frank Kulp

	Name:	 	Frank Kulp
	Title:	 	Senior Vice PresidentWaiver and Amendment Agreement to the Euro 25,000,000 Credit Agreement

 Exhibit 10.2 
 ENERSYS 
 2366 Bernville Road 
 Reading, PA 19605 
 USA 
 Facsimile
No.: +1-610-208-1671 
 PRIVATE & CONFIDENTIAL 
  

			
	 Fax no. +39 02 87941558
	  	INTESA SANPAOLO S.p.A.
	 	  	P.zza Scala 6
	  	20121 - Milan, Italy
	  	  
 To the kind attention of:

	  	Mr. Alessandro Rotoli, Intesa Sanpaolo
	  	Mr. Nicola Menis, Intesa Sanpaolo

 Reading, May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear Mr. Rotoli and Mr. Menis:

 EnerSys (Holdings) is in the process of preparing to issue $150 – $205 million in senior unsecured debt in May. These debt securities
will most likely be convertible bonds but might be issued as straight unsecured debt. The proceeds from the debt issuance would be used to pay a portion of EnerSys Capital Inc.’s US Credit Agreement Term Loan. This is Step 1. 
 In addition, EnerSys (Holdings) is preparing to refinance the remaining balance of the EnerSys Capital Inc. (Parent) current US Credit Agreement in June.
EnerSys plans on entering into a new approximately $225 – 250 million Term Loan A and $125 million Revolver which will repay the balance of EnerSys Capital Inc.’s existing US Credit Agreement. The terms, conditions and covenants will be
substantially similar to our existing US Credit Agreement. This is Step 2. 
 This two step refinancing plan will provide long-term benefits
to EnerSys and to Intesa Sanpaolo: 
  

	 	1)	Extend the maturity of the US Credit Facility Revolver and Term Loans from March 2009 and March 2011, respectively, to June 2013 and June 2014, respectively.

  

	 	2)	The issuance of senior unsecured indebtedness should improve the credit rating for the US Credit Agreement, which is currently BB and Ba2, since the remaining secured debt will be
reduced significantly, although there can be no assurance such ratings upgrade will occur. 

  

	 	3)	Issuance of senior unsecured convertible debt would lower EnerSys’ cash interest payments due to the lower interest coupon on convertible debt. 

 In addition to Step 1 and 2, EnerSys (Holdings) is in the process of setting up a corporate joint venture with a Tunisian company (hereinafter the
“Tunisian JV”) under which EnerSys (Holdings) will own 51% of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that shall not exceed Euro 2.000.000,00 in the following
years. This is Step 3. 
 (Step 1, Step 2, Step 3, collectively the “Transactions”). 
  

 1 

 EnerSys is requesting the following waivers and amendments to the terms of the Euro 25 million
Credit Agreement: 
  

	 	1.	Authorize Issuance of New Senior Unsecured Financial Indebtedness – Step 1. 

 In relation to article 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to issue $150 – $205 million of senior unsecured indebtedness
in the form of bonds either convertible or straight unsecured debt and use the net proceeds to partially pay down the existing US Credit Agreement Term Loan. EnerSys and all of its direct and indirect subsidiaries shall be entitled to grant
guarantees of any kind that might be necessary in order to issue such New Senior Unsecured Financial Indebtedness. This Transaction will be completed approximately by the end of May, 
 Should the execution and implementation of Step 1 above trigger a potential or actual breach or violation of any provisions included under the Euro
25 million Credit Agreement, the relevant term, condition, covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo. 
  

	 	2.	Authorize Entering Into a new Secured US Credit Agreement – Step 2. 

 In relation to articles 18.5 (Negative Pledge) and 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to enter into a new US Credit Agreement which
will repay the balance of the existing US Credit Agreement and that will have substantially similar security package, guarantees, financial covenants, terms and conditions as the existing US Credit Agreement, with such changes and modifications
thereto as EnerSys and the lenders thereunder mutually agree. The new US Credit Agreement will consist of approximately $225 – 250 million of Term Loan A and a Revolver of approximately $125 million. EnerSys and all of its direct and indirect
subsidiaries shall be entitled to grant guarantees and mortgages, pledges, security interests, encumbrances, liens or charges of any kind that might be necessary in order to enter into such new US Credit Agreement. It is understood that the
guarantees and security package of the new US Credit Agreement shall be substantially similar to the guarantees and security package of the existing US Credit Agreement, with such changes and modifications thereto as EnerSys and the lenders
thereunder mutually agree. At this regard, EnerSys (Holdings) will deliver to Intesa Sanpaolo immediately after the entering into the new US Credit Agreement (i) a pdf copy of the signed new US Credit Agreement, (ii) a mark-up copy between
the current US Credit Agreement and the new US Credit Agreement and (iii) a relevant summary list with the main changes occurred. This Transaction will be completed approximately in mid June. 
 Subject to point 5 below, should the execution and implementation of Step 2 above trigger a potential or actual breach or violation of any provisions
included under the Euro 25 million Credit Agreement, the relevant term, condition, covenant and representation will be deemed as waived by Intesa Sanpaolo until the Final Date (as defined below). 
  

	 	3.	Authorize to set up and make the necessary investment into the Tunisian JV – Step 3. 

 In relation to article 18.11 (Acquisitions) (b) of the Euro 25 million Credit Agreement, EnerSys is requesting the insertion of a new point (iii), providing for an express authorization to enter in the
process of setting up a corporate joint venture with Tunisian JV under which EnerSys (Holdings) will indirectly own 51% of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that
shall not exceed Euro 2.000.000,00 in the following years. The Tunisian JV shall have the right to receive and/or make intercompany loans pursuant to article 1.1 (Definitions - Intercompany Loan). This Transaction will be completed approximately
within 6 months from the date hereof. 
  

 2 

 Should the execution and implementation of Step 3 above trigger a potential or actual breach or violation
of any provisions included under the Credit Agreement, the relevant term, condition, covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo. 
  

	 	4.	Cross-default provision. 

 In relation to article 19.5
(Cross-default) of the Euro 25 million Credit Agreement, the definition of Financial Indebtedness shall include also (i) the issuance of the $150 – $205 million of senior unsecured indebtedness in the form of bonds either convertible
or straight unsecured debt and (ii) the approximately $225 – 250 million Term Loan A and $125 million Revolver new US Credit Agreement. Therefore the cross-default clause under article 19.5 (Cross-default) of the Euro 25 million
Credit Agreement will apply also in such cases. 
  

	 	5.	Amendments to the Euro 25 million Credit Agreement. 

 Upon the signing of the new US Credit Agreement under Step 2 above, EnerSys and Intesa Sanpaolo will renegotiate in good faith the terms, conditions and financial covenants of the Euro 25 million Credit Agreement in order to adjust the
Euro 25 million Credit Agreement to the provisions contained under the new US Credit Agreement. 
 It remains understood that Intesa
Sanpaolo shall, at its own reasonable discretion, specify the terms and conditions and financial covenants that shall be subject to such adjustment. 
 The renegotiation will take also into account that the validity and effectiveness of the existing Italian law deed of pledge and the existing US law Guarantee will continue. 
 Should the Parties do not reach an agreement on the new terms and conditions of the Euro 25 million Credit Agreement within 120 days from the date of
the signing of the new US Credit Agreement (the “Final Date”), EnerSys acknowledges and agrees that Intesa Sanpaolo will be entitled, at its discretion, to demand for the repayment of the outstanding loan under the Euro 25 million
Credit Agreement with a prior written notice of 30 days. This case will be treated as a further case of mandatory prepayment under article 7 (Prepayment and Cancellation) of the Euro 25 million Credit Agreement. 
  

	 	6.	Governing Law and Enforcement. 

 This letter of waiver
shall be governed by the Laws of Italy and, as to the enforcement, is subject to article 34 (Enforcement) of the Euro 25 million Credit Agreement. 
 ****** 
 Should you agree with the above proposal, please return it to us signed by a duly authorized signatory of your
company for full unconditional and irrevocable acceptance. 
  

			
	Yours faithfully
	
	ENERSYS
		
	By:	 	 /s/ Michael G. Hastings

	Name:	 	Michael G. Hastings
	Title:	 	Vice President, Treasurer and Assistant Secretary

  

 3 

 ENERSYS CAPITAL INC. 
 2366 Bernville Road 
 Reading, PA 19605 
 USA 
 Facsimile No.: +1-610-208-1671 
 PRIVATE & CONFIDENTIAL 
  

					
	Fax no. +39 02 87941558	  		  	INTESA SANPAOLO S.p.A.
		  		  	P.zza Scala 6
	  	 	  	20121 - Milan, Italy
	  		  	  
 To the kind attention of;

	  	 	  	Mr. Alessandro Rotoli, Intesa Sanpaolo
	  		  	Mr. Nicola Menis, Intesa Sanpaolo

 Reading, May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear Mr. Rotoli and
Mr. Menis: 
 EnerSys (Holdings) is in the process of preparing to issue $150 – $205 million in senior unsecured debt in May. These
debt securities will most likely be convertible bonds but might be issued as straight unsecured debt. The proceeds from the debt issuance would be used to pay a portion of EnerSys Capital Inc.’s US Credit Agreement Term Loan. This is Step 1.

 In addition, EnerSys (Holdings) is preparing to refinance the remaining balance of the EnerSys Capital Inc. (Parent) current US Credit
Agreement in June. EnerSys plans on entering into a new approximately $225 – 250 million Term Loan A and $125 million Revolver which will repay the balance of EnerSys Capital Inc.’s existing US Credit Agreement. The terms, conditions and
covenants will be substantially similar to our existing US Credit Agreement. This is Step 2. 
 This two step refinancing plan will provide
long-term benefits to EnerSys and to Intesa Sanpaolo: 
  

	 	1)	Extend the maturity of the US Credit Facility Revolver and Term Loans from March 2009 and March 2011, respectively, to June 2013 and June 2014, respectively.

  

	 	2)	The issuance of senior unsecured indebtedness should improve the credit rating for the US Credit Agreement, which is currently BB and Ba2, since the remaining secured debt will be
reduced significantly, although there can be no assurance such ratings upgrade will occur. 

  

	 	3)	Issuance of senior unsecured convertible debt would lower EnerSys’ cash interest payments due to the lower interest coupon on convertible debt. 

 In addition to Step 1 and 2, EnerSys (Holdings) is in the process of setting up a corporate joint venture with a Tunisian company (hereinafter the
“Tunisian JV”) under which EnerSys (Holdings) will own 51 % of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that shall not exceed Euro 2.000.000,00 in the
following years. This is Step 3. 
 (Step 1, Step 2, Step 3, collectively the “Transactions”). 
  

 1 

 EnerSys is requesting the following waivers and amendments to the terms of the Euro 25 million
Credit Agreement: 
  

	 	1.	Authorize Issuance of New Senior Unsecured Financial Indebtedness – Step 1. 

 In relation to article 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to issue $150 – $205 million of senior unsecured indebtedness in the
form of bonds either convertible or straight unsecured debt and use the net proceeds to partially pay down the existing US Credit Agreement Term Loan. EnerSys and all of its direct and indirect subsidiaries shall be entitled to grant guarantees of
any kind that might be necessary in order to issue such New Senior Unsecured Financial Indebtedness. This Transaction will be completed approximately by the end of May. 
 Should the execution and implementation of Step 1 above trigger a potential or actual breach or violation of any provisions included under the Euro 25 million Credit Agreement, the relevant term, condition,
covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo. 
  

	 	2.	Authorize Entering Into a new Secured US Credit Agreement – Step 2. 

 In relation to articles 18.5 (Negative Pledge) and 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to enter into a new US Credit Agreement which
will repay the balance of the existing US Credit Agreement and that will have substantially similar security package, guarantees, financial covenants, terms and conditions as the existing US Credit Agreement, with such changes and modifications
thereto as EnerSys and the lenders thereunder mutually agree. The new US Credit Agreement will consist of approximately $225 – 250 million of Term Loan A and a Revolver of approximately $125 million. EnerSys and all of its direct and indirect
subsidiaries shall be entitled to grant guarantees and mortgages, pledges, security interests, encumbrances, liens or charges of any kind that might be necessary in order to enter into such new US Credit Agreement. It is understood that the
guarantees and security package of the new US Credit Agreement shall be substantially similar to the guarantees and security package of the existing US Credit Agreement, with such changes and modifications thereto as EnerSys and the lenders
thereunder mutually agree. At this regard, EnerSys (Holdings) will deliver to Intesa Sanpaolo immediately after the entering into the new US Credit Agreement (i) a pdf copy of the signed new US Credit Agreement, (ii) a mark-up copy between
the current US Credit Agreement and the new US Credit Agreement and (iii) a relevant summary list with the main changes occurred. This Transaction will be completed approximately in mid June. 
 Subject to point 5 below, should the execution and implementation of Step 2 above trigger a potential or actual breach or violation of any provisions
included under the Euro 25 million Credit Agreement, the relevant term, condition, covenant and representation will be deemed as waived by Intesa Sanpaolo until the Final Date (as defined below). 
  

	 	3.	Authorize to set up and make the necessary investment into the Tunisian JV – Step 3. 

 In relation to article 18.11 (Acquisitions) (b) of the Euro 25 million Credit Agreement, EnerSys is requesting the insertion of a new point (iii), providing for an express authorization to enter in the
process of setting up a corporate joint venture with Tunisian JV under which EnerSys (Holdings) will indirectly own 51% of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that
shall not exceed Euro 2.000.000,00 in the following years. The Tunisian JV shall have the right to receive and/or make intercompany loans pursuant to article 1.1 (Definitions - Intercompany Loan). This Transaction will be completed approximately
within 6 months from the date hereof. 
  

 2 

 Should the execution and implementation of Step 3 above trigger a potential or actual breach or violation
of any provisions included under the Credit Agreement, the relevant term, condition, covenant and representation will be deemed as fully and unconditionally waived by Mesa Sanpaolo. 
  

	 	4.	Cross-default provision. 

 In relation to article 19.5
(Cross-default) of the Euro 25 million Credit Agreement, the definition of Financial Indebtedness shall include also (i) the issuance of the $150 – $205 million of senior unsecured indebtedness in the form of bonds either convertible
or straight unsecured debt and (ii) the approximately $225 – 250 million Term Loan A and $125 million Revolver new US Credit Agreement. Therefore the cross-default clause under article 19.5 (Cross-default) of the Euro 25 million
Credit Agreement will apply also in such cases. 
  

	 	5.	Amendments to the Euro 25 million Credit Agreement. 

 Upon the signing of the new US Credit Agreement under Step 2 above, EnerSys and Intesa Sanpaolo will renegotiate in good faith the terms, conditions and financial covenants of the Euro 25 million Credit Agreement in order to adjust the
Euro 25 million Credit Agreement to the provisions contained under the new US Credit Agreement. 
 It remains understood that Intesa
Sanpaolo shall, at its own reasonable discretion, specify the terms and conditions and financial covenants that shall be subject to such adjustment. 
 The renegotiation will take also into account that the validity and effectiveness of the existing Italian law deed of pledge and the existing US law Guarantee will continue. 
 Should the Parties do not reach an agreement on the new terms and conditions of the Euro 25 million Credit Agreement within 120 days from the date of
the signing of the new US Credit Agreement (the “Final Date”), EnerSys acknowledges and agrees that Intesa Sanpaolo will be entitled, at its discretion, to demand for the repayment of the outstanding loan under the Euro 25 million
Credit Agreement with a prior written notice of 30 days. This case will be treated as a further case of mandatory prepayment under article 7 (Prepayment and Cancellation) of the Euro 25 million Credit Agreement. 
  

	 	6.	Governing Law and Enforcement. 

 This letter of waiver
shall be governed by the Laws of Italy and, as to the enforcement, is subject to article 34 (Enforcement) of the Euro 25 million Credit Agreement. 
 ****** 
 Should you agree with the above proposal, please return it to us signed by a duly authorized signatory of your
company for full unconditional and irrevocable acceptance. 
  

			
	Yours faithfully
	
	ENERSYS CAPITAL INC.
		
	By:	 	 /s/ Michael G. Hastings

	Name:	 	Michael G. Hastings
	Title:	 	Treasurer and Assistant Secretary

  

 3 

 ENERSYS HOLDINGS (LUXEMBOURG) S.à r.l. 
 6 Avenue Pasteur, L-2310 
 L-2310 Luxembourg 
 Grand Duchy of Luxembourg 
 Facsimile No.: + 35 2 26478563 
 PRIVATE & CONFIDENTIAL 
  

			
	Fax no. +3902 87941558	  	INTESA SANPAOLO S.p.A.
		  	 P.zza Scala 6
 20121 - Milan,
Italy

		
		  	To the kind attention of
		  	Mr. Alessandro Rotoli, Intesa Sanpaolo
		  	Mr. Nicola Menis, Intesa Sanpaolo

 Luxembourg, May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear
Mr. Rotoli and Mr. Menis: 
 EnerSys (Holdings) is in the process of preparing to issue $150 – $205 million in senior unsecured
debt in May. These debt securities will most likely be convertible bonds but might be issued as straight unsecured debt. The proceeds from the debt issuance would be used to pay a portion of EnerSys Capital Inc.’s US Credit Agreement Term Loan.
This is Step 1. 
 In addition, EnerSys (Holdings) is preparing to refinance the remaining balance of the EnerSys Capital Inc. (Parent)
current US Credit Agreement in June. EnerSys plans on entering into a new approximately $225 – 250 million Term Loan A and $125 million Revolver which will repay the balance of EnerSys Capital Inc.’s existing US Credit Agreement. The
terms, conditions and covenants will be substantially similar to our existing US Credit Agreement. This is Step 2. 
 This two step
refinancing plan will provide long-term benefits to EnerSys and to Intesa Sanpaolo: 
  

	 	1)	Extend the maturity of the US Credit Facility Revolver and Term Loans from March 2009 and March 2011, respectively, to June 2013 and June 2014, respectively.

  

	 	2)	The issuance of senior unsecured indebtedness should improve the credit rating for the US Credit Agreement, which is currently BB and Ba2, since the remaining secured debt will be
reduced significantly, although there can be no assurance such ratings upgrade will occur. 

  

	 	3)	Issuance of senior unsecured convertible debt would lower EnerSys’ cash interest payments due to the lower interest coupon on convertible debt. 

 In addition to Step 1 and 2, EnerSys (Holdings) is in the process of setting up a corporate joint venture with a Tunisian company (hereinafter the
“Tunisian JV”) under which EnerSys (Holdings) will own 51% of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that shall not exceed Euro 2.000.000,00 in the following
years. This is Step 3. 
 (Step 1, Step 2, Step 3, collectively the “Transactions”). 
  

 1 

 EnerSys is requesting the following waivers and amendments to the terms of the Euro 25 million
Credit Agreement: 
  

	 	1.	Authorize Issuance of New Senior Unsecured Financial Indebtedness – Step 1. 

 In relation to article 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted 10 issue $150 – $205 million of senior unsecured indebtedness in the
form of bonds either convertible or straight unsecured debt and use the net proceeds to partially pay down the existing US Credit Agreement Term Loan. EnerSys and all of its direct and indirect subsidiaries shall be entitled to grant guarantees of
any kind that might be necessary in order to issue such New Senior Unsecured Financial Indebtedness. This Transaction will be completed approximately by the end of May. 
 Should the execution and implementation of Step 1 above trigger a potential or actual breach or violation of any provisions included under the Euro 25 million Credit Agreement, the relevant term, condition,
covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo. 
  

	 	2.	Authorize Entering Into a new Secured US Credit Agreement – Step 2. 

 In relation to articles 18.5 (Negative Pledge) and 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to enter into a new US Credit Agreement which
will repay the balance of the existing US Credit Agreement and that will have substantially similar security package, guarantees, financial covenants, terms and conditions as the existing US Credit Agreement, with such changes and modifications
thereto as EnerSys and the lenders thereunder mutually agree. The new US Credit Agreement will consist of approximately $225 – 250 million of Term Loan A and a Revolver of approximately $125 million. EnerSys and all of its direct and indirect
subsidiaries shall be entitled to grant guarantees and mortgages, pledges, security interests, encumbrances, liens or charges of any kind that might be necessary in order to enter into such new US Credit Agreement. It is understood that the
guarantees and security package of the new US Credit Agreement shall be substantially similar to the guarantees and security package of the existing US Credit Agreement, with such changes and modifications thereto as EnerSys and the lenders
thereunder mutually agree. At this regard, EnerSys (Holdings) will deliver to Intesa Sanpaolo immediately after the entering into the new US Credit Agreement (i) a pdf copy of the signed new US Credit Agreement, (ii) a mark-up copy between
the current US Credit Agreement and the new US Credit Agreement and (iii) a relevant summary list with the main changes occurred. This Transaction will be completed approximately in mid June. 
 Subject to point 5 below, should the execution and implementation of Step 2 above trigger a potential or actual breach or violation of any provisions
included under the Euro 25 million Credit Agreement, the relevant term, condition, covenant and representation will be deemed as waived by Intesa Sanpaolo until the Final Date (as defined below). 
  

	 	3.	Authorize to set up and make the necessary investment into the Tunisian JV – Step 3. 

 In relation to article 18.11 (Acquisitions) (b) of the Euro 25 million Credit Agreement, EnerSys is requesting the insertion of a new point (iii), providing for an express authorization to enter in the
process of setting up a corporate joint venture with Tunisian JV under which EnerSys (Holdings) will indirectly own 51% of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that
shall not exceed Euro 2.000.000,00 in the following years. The Tunisian JV shall have the right to receive and/or make intercompany loans pursuant to article 1.1 (Definitions - Intercompany Loan). This Transaction will be completed approximately
within 6 months from the date hereof. 
  

 2 

 Should the execution and implementation of Step 3 above trigger a potential or actual breach or violation
of any provisions included under the Credit Agreement, the relevant term, condition, covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo. 
  

	 	4.	Cross-default provision. 

 In relation to article 19.5
(Cross-default) of the Euro 25 million Credit Agreement, the definition of Financial Indebtedness shall include also (i) the issuance of the $150 – $205 million of senior unsecured indebtedness in the form of bonds either convertible
or straight unsecured debt and (ii) the approximately $225 – 250 million Term Loan A and $125 million Revolver new US Credit Agreement. Therefore the cross-default clause under article 19.5 (Cross-default) of the Euro 25 million
Credit Agreement will apply also in such cases. 
  

	 	5.	Amendments to the Euro 25 million Credit Agreement. 

 Upon the signing of the new US Credit Agreement under Step 2 above, EnerSys and Intesa Sanpaolo will renegotiate in good faith the terms, conditions and financial covenants of the Euro 25 million Credit Agreement in order to adjust the
Euro 25 million Credit Agreement to the provisions contained under the new US Credit Agreement. 
 It remains understood that Intesa
Sanpaolo shall, at its own reasonable discretion, specify the terms and conditions and financial covenants that shall be subject to such adjustment. 
 The renegotiation will take also into account that the validity and effectiveness of the existing Italian law deed of pledge and the existing US law Guarantee will continue. 
 Should the Parties do not reach an agreement on the new terms and conditions of the Euro 25 million Credit Agreement within 120 days from the date of
the signing of the new US Credit Agreement (the “Final Date”), EnerSys acknowledges and agrees that Intesa Sanpaolo will be entitled, at its discretion, to demand for the repayment of the outstanding loan under the Euro 25 million
Credit Agreement with a prior written notice of 30 days. This case will be treated as a further case of mandatory prepayment under article 7 (Prepayment and Cancellation) of the Euro 25 million Credit Agreement. 
  

	 	6.	Governing Law and Enforcement. 

 This letter of waiver
shall be governed by the Laws of Italy and, as to the enforcement, is subject to article 34 (Enforcement) of the Euro 25 million Credit Agreement. 
 ****** 
 Should you agree with the above proposal, please return it to us signed by a duly authorized signatory of your
company for full unconditional and irrevocable acceptance. 
  

			
	Yours faithfully
	
	ENERSYS HOLDINGS (LUXEMBOURG) S.à r.l.
		
	By:	 	 /s/ Richard W. Zuidema

	Name:	 	Richard W. Zuidema
	Title:	 	Manager

  

 3 

 

 
  

			
	To:	  	ENERSYS HOLDINGS (LUXEMBOURG) S.à. r.l.
		  	6 Avenue Pasteur, L-2310
		  	L-2310 Luxembourg
		  	Grand Duchy of Luxembourg
		  	Facsimile No.: + 35 2 26478563
		
		  	To the kind attention of:
		  	Richard W. Zuidema
		
	To:	  	ENERSYS CAPITAL INC.
		  	2366 Bernville Road
		  	Reading, PA 19605
		  	USA
		  	Facsimile No.: +1-610-208-1671
		
		  	To the kind attention of:
		  	Michael G. Hastings
		
	To:	  	ENERSYS
		  	2366 Bernville Road
		  	Reading, PA 19605
		  	USA
		  	Facsimile No.: +1-610-208-1671
		
		  	To the kind attention of:
		  	Michael G. Hastings

 Milan, May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear Sirs,

 We refer to your letter of today’s date setting out your proposal with respect to waivers and amendments to the terms of the Euro
25 million Credit Agreement (the Proposal), which we reproduce below. 
 * * * 
 

 

 

 
  

 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 

Dear Mr. Rotoli and Mr. Menis: 
 EnerSys (Holdings)
is in the process of preparing to issue $150 – $205 million in senior unsecured debt in May, These debt securities will most likely be convertible bonds but might be issued as straight unsecured debt. The proceeds from the debt issuance would
be used to pay a portion of EnerSys Capital Inc.’s US Credit Agreement Term Loan. This is Step 1. 
 In addition, EnerSys (Holdings) is
preparing to refinance the remaining balance of the EnerSys Capital Inc. (Parent) current US Credit Agreement in June. EnerSys plans on entering into a new approximately $225 – 250 million Term Loan A and $125 million Revolver which will repay
the balance of EnerSys Capital Inc.’s existing US Credit Agreement. The terms, conditions and covenants will be substantially similar to our existing US Credit Agreement. This is Step 2. 
 This two step refinancing plan will provide long-term benefits to EnerSys and to Intesa Sanpaolo: 
  

	 	1)	Extend the maturity of the US Credit Facility Revolver and Term Loans from March 2009 and March 2011, respectively, to June 2013 and June 2014, respectively.

  

	 	2)	The issuance of senior unsecured indebtedness should improve the credit rating for the US Credit Agreement, which is currently BB and Ba2, since the remaining secured debt will be
reduced significantly, although there can be no assurance such ratings upgrade will occur. 

  

	 	3)	Issuance of senior unsecured convertible debt would lower EnerSys’ cash interest payments due to the lower interest coupon on convertible debt. 

 In addition to Step 1 and 2, EnerSys (Holdings) is in the process of setting up a corporate joint venture with a Tunisian company (hereinafter the
“Tunisian JV”) under which EnerSys (Holdings) will own 51% of the share capital of the Tunisian JV for an overall investment in the first year of approximately Euro 1.000.000,00 and that shall not exceed Euro 2.000.000,00 in the following
years. This is Step 3. 
 (Step 1, Step 2, Step 3, collectively the “Transactions”). 
 EnerSys is requesting the following waivers and amendments to the terms of the Euro 25 million Credit Agreement: 
  

	 	1.	Authorize Issuance of New Senior Unsecured Financial Indebtedness – Step 1. 

 In relation to article 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to issue $150 – $205 million of senior unsecured indebtedness in the
form of bonds either convertible or straight unsecured debt and use the net proceeds to partially pay down the existing US Credit Agreement Term Loan. EnerSys and all of its direct and indirect subsidiaries shall be entitled to grant guarantees of
any kind that might be necessary in order to issue such New Senior Unsecured Financial Indebtedness. This Transaction will be completed approximately by the end of May. 
 Should the execution and implementation of Step 1 above trigger a potential or actual breach or violation of any provisions included under the Euro 25 million Credit Agreement, the relevant term, condition,
covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo. 
  

 2 

 

 
  

	 	2.	Authorize Entering Into a new Secured US Credit Agreement – Step 2. 

 In relation to articles 18.5 (Negative Pledge) and 18.7 (Financial Indebtedness) of the Euro 25 million Credit Agreement, EnerSys is requesting that it be permitted to enter into a new US Credit Agreement which will
repay the balance of the existing US Credit Agreement and that will have substantially similar security package, guarantees, financial covenants, terms and conditions as the existing US Credit Agreement, with such changes and modifications thereto
as EnerSys and the lenders thereunder mutually agree. The new US Credit Agreement will consist of approximately $225 – 250 million of Term Loan A and a Revolver of approximately $125 million. EnerSys and all of its direct and indirect
subsidiaries shall be entitled to grant guarantees and mortgages, pledges, security interests, encumbrances, liens or charges of any kind that might be necessary in order to enter into such new US Credit Agreement. It is understood that the
guarantees and security package of the new US Credit Agreement shall be substantially similar to the guarantees and security package of the existing US Credit Agreement, with such changes and modifications thereto as EnerSys and the lenders
thereunder mutually agree. At this regard, EnerSys (Holdings) will deliver to Intesa Sanpaolo immediately after the entering into the new US Credit Agreement (i) a pdf copy of the signed new US Credit Agreement, (ii) a mark-up copy between the
current US Credit Agreement and the new US Credit Agreement and (iii) a relevant summary list with the main changes occurred. This Transaction will be completed approximately in mid June. 
 Subject to point 5 below, should the execution and implementation of Step 2 above trigger a potential or actual breach or violation of any provisions
included under the Euro 25 million Credit Agreement, the relevant term, condition, covenant and representation will be deemed as waived by Intesa Sanpaolo until the Final Date (as defined below). 
  

	 	3.	Authorize to set up and make the necessary investment into the Tunisian JV – Step 3. 

 In relation to article 18.11 (Acquisitions) (b) of the Euro 25 million Credit Agreement, EnerSys is requesting the insertion of a new point (iii),
providing for an express authorization to enter in the process of setting up a corporate joint venture with Tunisian JV under which EnerSys (Holdings) will indirectly own 51% of the share capital of the Tunisian JV for an overall investment in the
first year of approximately Euro 1.000.000,00 and that shall not exceed Euro 2.000.000,00 in the following years. The Tunisian JV shall have the right to receive and/or make intercompany loans pursuant to article 1.1 (Definitions – Intercompany
Loan). This Transaction will be completed approximately within 6 months from the date hereof. 
 Should the execution and implementation of
Step 3 above trigger a potential or actual breach or violation of any provisions included under the Credit Agreement, the relevant term, condition, covenant and representation will be deemed as fully and unconditionally waived by Intesa Sanpaolo.

  

	 	4.	Cross-default provision. 

 In relation to article 19.5
(Cross-default) of the Euro 25 million Credit Agreement, the definition of Financial Indebtedness shall include also (i) the issuance of the $150 – $205 million of senior unsecured indebtedness in the form of bonds either convertible
or straight unsecured debt and (ii) the approximately $225 – 250 million Term Loan A and $125 million Revolver new US Credit Agreement. Therefore the cross-default clause under article 19.5 (Cross-default) of the Euro 25 million Credit
Agreement will apply also in such cases. 
  

 3 

 

 
  

	 	5.	Amendments to the Euro 25 million Credit Agreement 

 Upon the signing of the new US Credit Agreement under Step 2 above, EnerSys and Intesa Sanpaolo will renegotiate in good faith the terms, conditions and financial covenants of the Euro 25 million Credit Agreement in order to adjust the Euro
25 million Credit Agreement to the provisions contained under the new US Credit Agreement. 
 It remains understood that Intesa Sanpaolo
shall, at its own reasonable discretion, specify the terms and conditions and financial covenants that shall be subject to such adjustment. 
 The renegotiation will take also into account that the validity and effectiveness of the existing Italian law deed of pledge and the existing US law Guarantee will continue. 
 Should the Parties do not reach an agreement on the new terms and conditions of the Euro 25 million Credit Agreement within 120 days from the date of the
signing of the new US Credit Agreement (the “Final Date”), EnerSys acknowledges and agrees that Intesa Sanpaolo will be entitled, at its discretion, to demand for the repayment of the outstanding loan under the Euro 25 million Credit
Agreement with a prior written notice of 30 days. This case will be treated as a further case of mandatory prepayment under article 7 (Prepayment and Cancellation) of the Euro 25 million Credit Agreement. 
  

	 	6.	Governing Law and Enforcement. 

 This letter of waiver
shall be governed by the Laws of Italy and, as to the enforcement, is subject to article 34 (Enforcement) of the Euro 25 million Credit Agreement 
 * * * 
 We confirm our full acceptance of your Proposal. 
  

					
	Sincerely,	 		 	
			
	INTESA SANPAOLO S.P.A.	 		 	
			
	 /s/ Alessandro Rotoli
	 		 	 /s/ Lorenzo Lubian

	(Alessandro Rotoli)	 		 	(Lorenzo Lubian)

  

 4 

 ENERSYS 
 2366
Bernville Road 
 Reading, PA 19605 
 USA

 Facsimile No.: +1-610-208-671 
 PRIVATE & CONFIDENTIAL 
  

					
	Fax no +39 02 87941558	  		  	INTESA SANPAOLO S.p.A.
		  		  	P.zza Scala 6
		  		  	20121 - Milan, Italy
	  		  	  
 To the kind attention of:

	  		  	Mr. Alessandro Rotoli, Intesa Sanpaolo
	  		  	Mr. Nicola Menis, Intesa Sanpaolo

 May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear Sirs, 
 We acknowledge receipt of your full unconditional and irrevocable acceptance of our Proposed Waiver and Amendment Request to the Euro 25 Million Credit
Facility dated June 15, 2005. 
  

			
	Yours faithfully
	
	ENERSYS
		
	By:	 	 /s/ Michael G. Hastings

	Name:	 	Michael G. Hastings
	Title:	 	Vice President, Treasurer and Assistant Secretary

 ENERSYS CAPITAL INC. 
 2366 Bernville Road 
 Reading, PA 19605 
 USA 
 Facsimile No.: +1-610-208-1671 
 PRIVATE & CONFIDENTIAL 
  

			
	 Fax no -39 02 87941558
	  	INTESA SANPAOLO S.p.A.
		  	P.zza Scala 6
		  	20121- Milan, Italy
	  	  
 To the kind attention of:

	  	Mr. Alessandro Rotoli, Intesa Sanpaolo
	  	Mr. Nicola Menis, Intesa Sanpaolo

 May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear Sirs, 
 We acknowledge receipt of your full unconditional and irrevocable acceptance of our Proposed Waiver and Amendment Request to the Euro 25 Million Credit
Facility dated June 15, 2005. 
  

			
	Yours faithfully
	
	ENERSYS CAPITAL INC.
		
	By:	 	 /s/ Michael G. Hastings

	Name:	 	Michael G. Hastings
	Title:	 	Treasurer and Assistant Secretary

 ENERSYS HOLDINGS (LUXEMBOURG) S.à r.l. 
 6 Avenue Pasteur, L-2310 
 L-2310 Luxembourg 
 Grand Duchy of Luxembourg 
 Facsimile No.: + 35 2 26478563 
 PRIVATE & CONFIDENTIAL 
  

					
	Fax no. + 39 02 87941558	  		  	INTESA SANPAOLO S.p.A.
		  		  	P.zza Scala 6
		  		  	20121 - Milan, Italy
		  		  	  
 To the kind attention of:

		  		  	Mr. Alessandro Rotoli, Intesa Sanpaolo
		  		  	Mr. Nicola Menis, Intesa Sanpaolo

 May 15, 2008 
 RE: Proposed Waiver and Amendment Request to Euro 25 Million Credit Facility dated June 15, 2005 
 Dear Sirs, 
 We acknowledge receipt of your full unconditional and irrevocable acceptance of our Proposed Waiver and Amendment Request to the Euro 25 Million Credit
Facility dated June 15, 2005. 
  

			
	Yours faithfully
	
	ENERSYS HOLDINGS (LUXEMBOURG) S.à r.l.
		
	By:	 	 /s/ Richard W. Zuidema

	Name:	 	Richard W. Zuidema
	Title:	 	Manager

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