Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

BACKSTOP COMMITMENT AGREEMENT 

AMONG 
 EXIDE TECHNOLOGIES 

AND 
 THE BACKSTOP PARTIES PARTY
HERETO 
 Dated as of January 7, 2015 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
		
	ARTICLE I DEFINITIONS	  	 	2	  
			
	 Section 1.1
	  	 Definitions
	  	 	2	  
			
	 Section 1.2
	  	 Additional Defined Terms
	  	 	14	  
			
	 Section 1.3
	  	 Construction
	  	 	16	  
		
	ARTICLE II BACKSTOP COMMITMENT	  	 	17	  
			
	 Section 2.1
	  	 The Rights Offering
	  	 	17	  
			
	 Section 2.2
	  	 The Backstop Commitment
	  	 	17	  
			
	 Section 2.3
	  	 Backstop Party Default
	  	 	18	  
			
	 Section 2.4
	  	 Backstop Escrow Account Funding
	  	 	19	  
			
	 Section 2.5
	  	 Closing
	  	 	20	  
			
	 Section 2.6
	  	 Designation and Assignment Rights
	  	 	21	  
		
	ARTICLE III BACKSTOP COMMITMENT FEE AND EXPENSE REIMBURSEMENT	  	 	22	  
			
	 Section 3.1
	  	 Fees Payable by Exide
	  	 	22	  
			
	 Section 3.2
	  	 Payment of Fees
	  	 	22	  
			
	 Section 3.3
	  	 Expense Reimbursement
	  	 	23	  
		
	ARTICLE IV REPRESENTATIONS AND WARRANTIES OF EXIDE	  	 	23	  
			
	 Section 4.1
	  	 Organization and Qualification
	  	 	23	  
			
	 Section 4.2
	  	 Corporate Power and Authority
	  	 	24	  
			
	 Section 4.3
	  	 Execution and Delivery; Enforceability
	  	 	24	  
			
	 Section 4.4
	  	 Authorized and Issued Capital Stock
	  	 	25	  
			
	 Section 4.5
	  	 Notes Issuance and Indenture; Security Documents and Intercreditor Agreement
	  	 	25	  
			
	 Section 4.6
	  	 No Conflict
	  	 	26	  
			
	 Section 4.7
	  	 Consents and Approvals
	  	 	27	  
			
	 Section 4.8
	  	 Arm’s Length
	  	 	27	  
			
	 Section 4.9
	  	 Financial Statements
	  	 	27	  
			
	 Section 4.10
	  	 Company SEC Documents and Disclosure Statement
	  	 	27	  
			
	 Section 4.11
	  	 Absence of Certain Changes
	  	 	28	  
			
	 Section 4.12
	  	 Compliance with Laws
	  	 	28	  
			
	 Section 4.13
	  	 Legal Proceedings
	  	 	28	  
			
	 Section 4.14
	  	 Labor Relations
	  	 	28	  

							
			
	 Section 4.15
	  	 Intellectual Property
	  	 	29	  
			
	 Section 4.16
	  	 Title to Real and Personal Property
	  	 	29	  
			
	 Section 4.17
	  	 No Undisclosed Relationships
	  	 	30	  
			
	 Section 4.18
	  	 Licenses and Permits
	  	 	30	  
			
	 Section 4.19
	  	 Environmental
	  	 	30	  
			
	 Section 4.20
	  	 Tax Matters
	  	 	31	  
			
	 Section 4.21
	  	 Company Plans
	  	 	33	  
			
	 Section 4.22
	  	 Internal Control Over Financial Reporting
	  	 	34	  
			
	 Section 4.23
	  	 Disclosure Controls and Procedures
	  	 	35	  
			
	 Section 4.24
	  	 Material Contracts
	  	 	35	  
			
	 Section 4.25
	  	 No Unlawful Payments
	  	 	35	  
			
	 Section 4.26
	  	 Compliance with Money Laundering Laws
	  	 	35	  
			
	 Section 4.27
	  	 Compliance with Sanctions Laws
	  	 	36	  
			
	 Section 4.28
	  	 No Broker’s Fees
	  	 	36	  
			
	 Section 4.29
	  	 No Registration Rights
	  	 	36	  
			
	 Section 4.30
	  	 Takeover Statutes
	  	 	36	  
			
	 Section 4.31
	  	 Insurance
	  	 	36	  
			
	 Section 4.32
	  	 Investment Company Act
	  	 	36	  
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE BACKSTOP PARTIES	  	 	37	  
			
	 Section 5.1
	  	 Incorporation
	  	 	37	  
			
	 Section 5.2
	  	 Corporate Power and Authority
	  	 	37	  
			
	 Section 5.3
	  	 Execution and Delivery
	  	 	37	  
			
	 Section 5.4
	  	 No Conflict
	  	 	37	  
			
	 Section 5.5
	  	 Consents and Approvals
	  	 	38	  
			
	 Section 5.6
	  	 No Registration
	  	 	38	  
			
	 Section 5.7
	  	 Purchasing Intent
	  	 	38	  
			
	 Section 5.8
	  	 Sophistication; Investigation
	  	 	38	  
			
	 Section 5.9
	  	 No Broker’s Fees
	  	 	39	  
			
	 Section 5.10
	  	 Owned Debtor Claims
	  	 	39	  
			
	 Section 5.11
	  	 Sufficiency of Funds
	  	 	39	  
			
	 Section 5.12
	  	 Legal Proceedings
	  	 	40	  
			
	 Section 5.13
	  	 Arm’s Length
	  	 	40	  

							
		
	ARTICLE VI ADDITIONAL COVENANTS	  	 	40	  
			
	 Section 6.1
	  	 BCA Approval Order and Disclosure Statement Order
	  	 	40	  
			
	 Section 6.2
	  	 Confirmation Order; Plan and Disclosure Statement
	  	 	40	  
			
	 Section 6.3
	  	 Conduct of Business
	  	 	41	  
			
	 Section 6.4
	  	 Antitrust Approval
	  	 	41	  
			
	 Section 6.5
	  	 Access to Information
	  	 	42	  
			
	 Section 6.6
	  	 Financial Information
	  	 	42	  
			
	 Section 6.7
	  	 Reasonable Efforts
	  	 	43	  
			
	 Section 6.8
	  	 Exit ABL Revolver Financing; First Lien High Yield Notes
	  	 	44	  
			
	 Section 6.9
	  	 New Board of Directors; Senior Management
	  	 	45	  
			
	 Section 6.10
	  	 Blue Sky
	  	 	45	  
			
	 Section 6.11
	  	 No Integration; No General Solicitation
	  	 	45	  
			
	 Section 6.12
	  	 DTC Eligibility
	  	 	45	  
			
	 Section 6.13
	  	 Use of Proceeds
	  	 	46	  
			
	 Section 6.14
	  	 Note Legend
	  	 	46	  
			
	 Section 6.15
	  	 Available Liquidity
	  	 	46	  
			
	 Section 6.16
	  	 Compliance at Vernon Facility and Periodic Updates
	  	 	47	  
			
	 Section 6.17
	  	 Regulatory Issues Relating to Frisco, Texas Properties
	  	 	47	  
			
	 Section 6.18
	  	 Cooperation Regarding Environmental and Regulatory Compliance
	  	 	47	  
			
	 Section 6.19
	  	 Cooperation Regarding Corporate and Tax Planning
	  	 	47	  
			
	 Section 6.20
	  	 WARN Act Compliance
	  	 	47	  
			
	 Section 6.21
	  	 Cooperating Regarding Security
	  	 	47	  
			
	 Section 6.22
	  	 Binding Effect
	  	 	47	  
		
	ARTICLE VII CONDITIONS TO THE OBLIGATIONS OF THE PARTIES	  	 	48	  
			
	 Section 7.1
	  	 Conditions to the Obligations of Each of the Parties
	  	 	48	  
			
	 Section 7.2
	  	 Conditions to the Obligations of the Backstop Parties
	  	 	49	  
			
	 Section 7.3
	  	 Waiver of Conditions to Obligation of Backstop Parties
	  	 	51	  
			
	 Section 7.4
	  	 Conditions to the Obligation of Exide
	  	 	52	  
		
	ARTICLE VIII INDEMNIFICATION AND CONTRIBUTION	  	 	52	  
			
	 Section 8.1
	  	 Indemnification Obligations
	  	 	52	  
			
	 Section 8.2
	  	 Indemnification Procedure
	  	 	53	  
			
	 Section 8.3
	  	 Settlement of Indemnified Claims
	  	 	54	  
			
	 Section 8.4
	  	 Contribution
	  	 	55	  
			
	 Section 8.5
	  	 Treatment of Indemnification Payments
	  	 	55	  
			
	 Section 8.6
	  	 No Survival
	  	 	55	  

							
		
	ARTICLE IX TERMINATION	  	 	56	  
			
	 Section 9.1
	  	 Termination Rights
	  	 	56	  
			
	 Section 9.2
	  	 Effect of Termination
	  	 	59	  
		
	ARTICLE X GENERAL PROVISIONS	  	 	60	  
			
	 Section 10.1
	  	 Notices
	  	 	60	  
			
	 Section 10.2
	  	 Assignment; Third Party Beneficiaries
	  	 	61	  
			
	 Section 10.3
	  	 Prior Negotiations; Entire Agreement
	  	 	61	  
			
	 Section 10.4
	  	 Governing Law; Venue
	  	 	61	  
			
	 Section 10.5
	  	 Waiver of Jury Trial
	  	 	62	  
			
	 Section 10.6
	  	 Counterparts
	  	 	62	  
			
	 Section 10.7
	  	 Waivers and Amendments; Rights Cumulative
	  	 	62	  
			
	 Section 10.8
	  	 Headings
	  	 	63	  
			
	 Section 10.9
	  	 Specific Performance
	  	 	63	  
			
	 Section 10.10
	  	 No Reliance
	  	 	63	  
			
	 Section 10.11
	  	 Publicity
	  	 	64	  
			
	 Section 10.12
	  	 Settlement Discussions
	  	 	64	  

 BACKSTOP COMMITMENT AGREEMENT 

THIS BACKSTOP COMMITMENT AGREEMENT (this “Commitment Agreement”), dated as of January 7, 2015, is made by and
among Exide Technologies, a Delaware corporation (as a debtor in possession and a reorganized debtor, as applicable, “Exide” or the “Debtor”), on the one hand, and the Backstop Parties set forth on
Schedule 1 hereto (each referred to herein, individually, as a “Backstop Party” and, collectively, as the “Backstop Parties”), on the other hand. Exide and each Backstop Party is referred to
herein, individually, as a “Party” and, collectively, as the “Parties.” 
 RECITALS

 WHEREAS, on June 10, 2013 (the “Petition Date”), Exide commenced a voluntary reorganization case
captioned In re Exide Technologies, Ch. 11 Case No. 13-11482 (KJC) (Bankr. D. Del. Jun. 10, 2013) (the “Chapter 11 Case”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101 et seq.
(the “Bankruptcy Code”), in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”); 

WHEREAS, in connection with the Chapter 11 Case, certain members of the Unofficial Noteholder Committee, other holders of the Senior Secured
Note Claims and Exide have engaged in discussions to effect a restructuring of Exide through a chapter 11 plan of reorganization substantially on the terms attached as an exhibit (the “PSA Term Sheet”) to that certain Second
Amended and Restated Plan Support Agreement dated as of January 6, 2015 among the Debtor, the Backstop Parties and certain other holders of Senior Secured Note Claims (as defined herein) (as amended, supplemented or otherwise modified from time
to time, the “PSA” and, together with the transactions contemplated therein and under the Plan (as defined herein), all of which shall be substantially on the terms and conditions described in the PSA, the
“Restructuring Transactions”); 
 WHEREAS, on November 17, 2014, Exide filed the Plan of Reorganization of
Exide Technologies in the Chapter 11 Case (as shall be amended in accordance with the terms of the PSA and this Agreement to reflect the terms of the PSA Term Sheet and as otherwise amended, supplemented or otherwise modified from time to time in
accordance with the PSA and this Agreement, the “Plan”)), together with the Disclosure Statement with respect to the Plan (as amended, supplemented or otherwise modified from time to time in accordance with the PSA and this
Agreement, the “Disclosure Statement”); 
 WHEREAS, in connection with the Restructuring Transactions, each Backstop
Party has entered into this Commitment Agreement and become a party hereto and has agreed (on a several and not joint basis) in connection with a Rights Offering of up to $175.0 million of New Second Lien Convertible Notes, to purchase (x) such
Backstop Party’s Primary Notes, and (y) up to its Backstop Commitment Amount of the Backstop Notes, if any. 

 NOW, THEREFORE, in consideration of the mutual promises, agreements, representations, warranties
and covenants contained herein, each of the Parties hereby agrees as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. Except as otherwise provided herein, capitalized terms used but not otherwise defined herein shall have
the meanings ascribed thereto in the Plan. Except as otherwise provided in this Commitment Agreement, whenever used in this Commitment Agreement (including any Exhibits and Schedules hereto), the following terms shall have the respective meanings
specified therefor below: 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, such Person as of the date on which, or at any time during the period for which, the determination of affiliation is being made (including any Affiliated Funds of such Person);
provided, that for purposes of this Commitment Agreement, no Backstop Party shall be deemed an Affiliate of Exide. For purposes of this definition, the term “control” (including the correlative meanings of the terms “controlled
by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of such Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Affiliated Fund” means any investment fund, the fund
manager or primary investment advisor of which is an Affiliate of such Backstop Party. 
 “Aggregate Commitment
Amount” means, with respect to each Backstop Party, the amount set forth opposite such Backstop Party’s name under the column titled “Aggregate Commitment Amount” on Schedule 1 (as it may be amended, supplemented or
otherwise modified from time to time in accordance with this Commitment Agreement). 
 “Antitrust Authorities” means
the United States Federal Trade Commission, the Antitrust Division of the United States Department of Justice, the attorneys general of the several states of the United States and any other Governmental Entity having jurisdiction pursuant to the
Antitrust Laws and “Antitrust Authority” means any of them. 
 “Antitrust Laws” mean the Sherman Act, as
amended, the Clayton Act, as amended, the HSR Act, the Federal Trade Commission Act, and any other Law governing agreements in restraint of trade, monopolization, pre-merger notification, the lessening of competition through merger or acquisition or
anti-competitive conduct. 
 “Available Notes” means the Primary Notes and Backstop Notes that any Backstop Party
fails to purchase as a result of a Backstop Party Default by any Backstop Party. 
 “Backstop Commitment Amount”
means, with respect to any Backstop Party, the amount set forth opposite such Backstop Party’s name under the column titled “Backstop Commitment Amount” on Schedule 1 (as it may be amended, supplemented or otherwise
modified from time to time in accordance with this Commitment Agreement), which equals (x) the amount set forth opposite such Backstop Party’s name under the column titled “Aggregate Commitment Amount” on Schedule 1 (as it
may be amended, supplemented or otherwise 

  
 2 

 
modified from time to time in accordance with this Commitment Agreement) minus (y) such Backstop Party’s Primary Notes, as set forth opposite such Backstop Party’s name under the
column titled “Primary Notes” on Schedule 1 (as it may be amended, supplemented or otherwise modified from time to time in accordance with this Commitment Agreement). 

“Backstop Party Default” means the failure by any Backstop Party to deliver and pay the aggregate Purchase Price for
such Backstop Party’s Primary Notes by the time set forth in the Rights Offering Procedures and such Backstop Party’s Backstop Notes by the Backstop Escrow Funding Date in accordance with Section 2.4(b). 

“Backstop Notes” means the Unsubscribed Notes in an aggregate principal amount of up to $160,000,000 that will be
issued and sold by Exide in the Rights Offering to the Backstop Parties in accordance with their respective Aggregate Commitment Amounts pursuant to this Commitment Agreement. 

“BCA Approval Motion” means the motion to approve the Debtor’s entry into this Commitment Agreement pursuant to
sections 105(a) and 363(b) of the Bankruptcy Code and the performance by Exide of its obligations hereunder, which shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

“BCA Approval Order” means the order of the Bankruptcy Court approving the relief requested in the BCA Approval
Motion, which shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties. 
 “Board”
means the board of directors of Exide. 
 “Business Day” means any day, other than a Saturday, Sunday or legal
holiday, as defined in Bankruptcy Rule 9006(a). 
 “Claim” means any “claim” against the Debtor as defined
in section 101(5) of the Bankruptcy Code. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Collective Bargaining Agreements” means any and all written agreements, memoranda of understanding, contracts,
letters, side letters and contractual obligations of any kind, nature and description, that have been entered into between, or that involves or applies to, any employer and any Employee Representative. 

“Commitment Amount” means $160,000,000. 

“Company Disclosure Schedules” means the disclosure schedules delivered by Exide to the Backstop Parties on the date
of this Commitment Agreement, in form and substance reasonably satisfactory to the Requisite Backstop Parties. 
 “Company
Plans” means each “employee benefit plan” within the meaning of Section 3(3) of ERISA and all other material compensation and benefits plans, policies, programs, arrangements or payroll practices, and each other material
stock purchase, stock 

  
 3 

 
option, restricted stock, severance, retention, employment, consulting, change-of-control, collective bargaining, bonus, incentive, deferred compensation, employee loan, retirement, fringe
benefit and other benefit plan, agreement, program, policy, commitment or other arrangement, whether or not subject to ERISA (including any related funding mechanism now in effect or required in the future), whether formal or informal, oral or
written, in each case, that is sponsored, maintained, contributed to or required to be contributed to by Exide or any of its Subsidiaries, or under which Exide or any of its Subsidiaries has any current or potential liability. 

“Company SEC Documents” means all of the reports, schedules, forms, statements and other documents (including exhibits
and other information incorporated therein) filed with the SEC by Exide on or prior to the date hereof. 
 “Confirmation
Order” means the Order entered by the Bankruptcy Court confirming the Plan under section 1129 of the Bankruptcy Code and authorizing all of the transactions and agreements contemplated by the Plan, in form and substance reasonably
satisfactory to the Requisite Backstop Parties. 
 “Contract” means any agreement, contract or instrument, including
any loan, note, bond, mortgage, indenture, guarantee, deed of trust, license, franchise, commitment, lease, franchise agreement, binding letter of intent, binding memorandum of understanding or other obligation, and any amendments thereto, whether
written or oral, but excluding any Company Plan and the Plan. 
 “Cover Transaction” means a circumstance in which
Exide funds all or a portion of the Deficiency Amount through available cash and/or Exide arranges for the sale of all or any portion of the Available Notes to any other Person, in each case during the Cover Transaction Period. 

“Cover Transaction Period” means the ten (10) Business Day period following expiration of the Backstop Party
Replacement Period. 
 “Debtor Claims” means those Claims or interests classified or unclassified under the Plan,
including each of the Senior Secured Note Claims and any other Claims or interests junior to the Senior Secured Note Claims, that any Backstop Party may hold against the Debtor, but excluding claims under the Existing European Facilities (as defined
in the PSA Term Sheet) or under the DIP Credit Agreement. 
 “Defaulting Backstop Party” means, at any time, any
Backstop Party that caused a Backstop Party Default that is continuing at such time. 
 “Deficiency Amount” means
the difference between (x) the Commitment Amount and (y) the aggregate amount on deposit in the Rights Offering Escrow Accounts, calculated as of the first (1st) Business Day following the expiration of the Backstop Party Replacement
Period (after giving effect to a Backstop Party Replacement). 
 “DIP Credit Agreement” means that certain Amended
and Restated Superpriority Debtor-in-Possession Credit Agreement by and among Exide Technologies, as 

  
 4 

 
U.S. borrower, Exide Global Holding Netherlands C.V., as foreign borrower, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as agent, J.P. Morgan Securities LLC, as sole
bookrunner and sole lead arranger and UBS Securities LLC, as documentation agent, dated as of July 12, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time) as approved by the Final DIP Order. 

“DIP Event of Default” means an “Event of Default” under, and as defined in, the DIP Credit Agreement. 

“DIP Term Loan Claim” has the meaning set forth in the Plan. 

“Disclosure Statement” means the disclosure statement with respect to the Plan approved pursuant to the Disclosure
Statement Order (including all exhibits and schedules thereto), in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

“Disclosure Statement Order” means the Order entered by the Bankruptcy Court approving the Disclosure Statement and
Solicitation Materials as containing, among other things, “adequate information” as required by section 1125 of the Bankruptcy Code, in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

“DOJ Investigation” means the investigation initiated by the U.S. Department of Justice in the Central District of
California by service on Exide of a grand jury subpoena on August 8, 2014 regarding waste hauling practices and air emissions related to the Vernon Facility. 

“DTSC” means the State of California Environmental Protection Agency, Department of Toxic Substances Control. 

“DTSC Stipulation” means the Stipulation and Order dated November 5, 2014 by and between Exide and the DTSC, as
approved by an Order of the Bankruptcy Court entered on November 20, 2014. 
 “Emergence Available Liquidity”
means an amount, determined as of the Plan Effective Date on a pro forma basis after giving effect to the transactions contemplated by the Plan and this Commitment Agreement, equal to (x) the amount of cash and cash equivalents of Exide and its
Subsidiaries that are not “restricted” in accordance with GAAP, determined on a consolidated basis following the accounting methodologies, practices and procedures historically used by Exide in preparing a consolidated balance sheet for
Exide and its Subsidiaries in accordance with GAAP, plus (y) all amounts available for borrowing or issuance of letters of credit under the Exit ABL Revolver Financing. 

“Emergence Available Liquidity Target” means $190.0 million; provided, however, that the Emergence
Available Liquidity Target shall be reduced dollar for dollar by: (i) the amount by which the net proceeds received by Exide and/or its Subsidiaries pursuant to the Frisco Master Settlement Agreement is less than the amount projected to be
received as set forth in the projections filed by Exide with the Bankruptcy Court on November 25, 2014; (ii) the amount of any cash settlement paid by Exide and/or its Subsidiaries in respect of the AQMD Complaint; and (iii) the
amount of any cash paid by Exide and/or its Subsidiaries in respect of claims of prepetition unsecured creditors (or any fee and expense related thereto). 

  
 5 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, and the rules and regulations promulgated thereunder. 
 “Event” means any event, development, occurrence,
circumstance or change. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder. 
 “Exide Bylaws” means the amended and restated bylaws of Exide as of the
Closing Date, which shall be substantially consistent with the terms set forth in the Plan and otherwise be in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

“Exide C.V.” means Exide Global Holding Netherlands C.V., a direct non-debtor Subsidiary of Exide incorporated under
the laws of the Netherlands. 
 “Exide Certificate of Incorporation” means the amended and restated certificate of
incorporation of Exide as of the Closing Date, which shall be substantially consistent with the terms set forth in the Plan (or any supplement thereto) and otherwise be in form and substance reasonably satisfactory to the Requisite Backstop Parties.

 “Exit ABL Revolver Financing” means that certain exit financing obtained by Exide on or prior to the Plan
Effective Date in the form of an asset-based revolving credit facility in an aggregate amount of up to $225.0 million, the documentation for which shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties and shall
have the terms therefor substantially as described in the PSA Term Sheet and other terms and provisions that are customary for such an asset-based revolving facility. 

“Expense Reimbursement” has the meaning set forth in Section 3.3. 

“Fee Notes” has the meaning set forth in Section 3.1. 

“Fee Shares” has the meaning set forth in Section 3.1. 

“Final DIP Order” means that Order entered by the Bankruptcy Court on July 25, 2013 [Docket No. 427], as may
be amended from time to time. 
 “Final Order” means an order or judgment, the operation or effect of which has not
been reversed, stayed, modified, or amended, and is in full force and effect, and as to which order or judgment (a) the time to appeal, seek certiorari, or request reargument or further review or rehearing has expired and no appeal, petition
for certiorari, or request for reargument or further review or rehearing has been timely filed, or (b) any appeal that has been or may be taken or any petition for certiorari or request for reargument or further review or rehearing that has
been or may be filed, has been resolved by the highest court to which the order or judgment was appealed, from which certiorari was sought, or to which the request was made, and no further appeal or petition for certiorari or request for reargument
or further review or rehearing has been 

  
 6 

 
or can be taken or granted; provided that, upon mutual written agreement, Exide and the Requisite Backstop Parties may deem an order or judgment to be a “Final Order” for
purposes hereof. 
 “First Lien High Yield Notes” means those certain first lien high yield notes in an aggregate
principal amount equal to $272,141,224 to be issued by Exide on or prior to the Plan Effective Date in connection with the DIP/First Lien Exchange and the DIP/Second Lien Conversion Funding Fee (each as defined in the Plan), the documentation for
which shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties and shall reflect the terms therefor substantially as described in the PSA Term Sheet and other terms and provisions, including affirmative and negative
covenants, that are customary for such high yield notes. 
 “First Lien Indenture” means the indenture among Exide,
as issuer, the guarantors party thereto, and the Trustee governing the First Lien High Yield Notes, dated as of the Plan Effective Date. 

“Frisco Master Settlement Agreement” means that certain Master Settlement Agreement by and among Exide, the City of
Frisco, Texas, Frisco Economic Development Corporation, and Frisco Community Development Corporation dated June 6, 2012. 

“General Rights Offering Escrow Account” means the escrow account established pursuant to the Rights Offering
Procedures pursuant to which Rights Offering Participants are required to fund the Purchase Price. 
 “Governmental
Entity” means any U.S. or non-U.S. federal, state, municipal, local, judicial, administrative, legislative or regulatory agency, department, commission, court, or tribunal of competent jurisdiction (including any branch, department or
official thereof). 
 “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. 

“Indenture” means the indenture among Exide, as issuer, the guarantors party thereto, and the Trustee governing the
New Second Lien Convertible Notes, dated as of the Plan Effective Date. 
 “Intellectual Property” means all U.S. or
foreign intellectual or industrial property or proprietary rights, including any: (i) trademarks, service marks, trade dress, domain names, social media identifiers, corporate and trade names, logos and all other indicia of source or origin,
together with all associated goodwill, (ii) patents, inventions, invention disclosures, technology, know-how, processes and methods, (iii) copyrights and copyrighted works, (including software, applications, source and object code,
databases and compilations, online, advertising and promotional materials, mobile and social media content and documentation), (iv) trade secrets and confidential or proprietary information or content, and (v) all registrations,
applications, renewals, re-issues, continuations, continuations-in-part, divisions, extensions, re-examinations and foreign counterparts of any of the foregoing. 

“Intercreditor Agreement” means the intercreditor agreement governing the relationship as to lien priority and
enforcement of creditors’ rights among (1) the lenders under 

  
 7 

 
the Exit ABL Revolver Financing, (2) the holders of the First Lien High-Yield Notes and (3) the holders of the New Second Lien Convertible Notes, which shall be substantially on the
terms specified in the PSA Term Sheet and shall have other terms and provisions that are customary for such an intercreditor agreement of this kind. 

“IRS” means the United States Internal Revenue Service. 

“KEIP” means a key employee incentive plan. 

“Knowledge of Exide” means the knowledge, after reasonable inquiry, of any of the following members of Exide’s
management team: Exide’s Chief Executive Officer, Chief Financial Officer, General Counsel, President of Industrial Americas, Recycling, and Research and Development, President of Asia Pacific, Chief Restructuring Officer, President of Europe,
or Senior Vice President of Corporate Development and Treasurer. 
 “Law” means any law, statute, regulation, rule,
code or ordinance enacted, adopted, issued or promulgated by any Governmental Entity. 
 “Lien” means any lease,
lien, adverse claim, charge, option, right of first refusal, servitude, security interest, mortgage, pledge, deed of trust, easement, encumbrance, restriction on transfer, conditional sale or other title retention agreement, defect in title or other
restrictions of a similar kind. 
 “LTIP” means a long-term incentive plan consistent with the Plan. 

“Material Adverse Effect” means any Event which individually, or together with all other Events, has had or would
reasonably be expected to have a material adverse effect on the (i) business, assets, capitalization, liabilities, finances, properties, results of operations, or condition (financial or otherwise) or the prospects of Exide, individually, or
Exide and its Subsidiaries, taken as a whole, or (ii) the ability of Exide, individually, or Exide and its Subsidiaries, taken as a whole, to perform their obligations under, or to consummate the transactions contemplated by, this Commitment
Agreement, the PSA or the Plan, including the Rights Offering. 
 “Material Entity” means Exide and any Subsidiary
of Exide that is a “significant subsidiary” as defined in Rule 1-02(w) of Regulation S-X promulgated pursuant to the Exchange Act. 

“Materials of Environmental Concern” means any gasoline or petroleum (including crude oil or any fraction thereof) or
petroleum products, polychlorinated biphenyls, urea-formaldehyde insulation, asbestos, pollutants, contaminants, radioactivity, and any other substances of any kind, that is regulated as hazardous, toxic, a contaminant, a pollutant, or otherwise is
regulated under any Environmental Law as a result of its ignitability, corrosivity, reactivity, or toxicity. 
 “New Common
Stock” means the common stock to be authorized and issued by Exide on the Plan Effective Date. 

  
 8 

 “New Second Lien Convertible Notes” means the 7.0% Second Lien
Convertible Notes due 2025 of Exide issued pursuant to the Indenture in an aggregate principal amount not less than $276,000,000 but not greater than $291,000,000 (with the aggregate principal amount subject to adjustment as described in the PSA
Term Sheet), the documentation for which shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties and shall have the terms therefor substantially as described in the PSA Term Sheet and other terms and provisions that
are customary for such notes, including, without limitation, affirmative and negative covenants that are consistent with those governing the First Lien High Yield Notes, with such adjustments thereto as are reasonable and customary for second-lien
secured high-yield notes, and which shall be rated by at least one credit rating agency within ninety (90) days after the Closing. 

“Order” means any judgment, order, award, injunction, writ, or decree of any Governmental Entity or arbitrator. 

“Overallotment Procedures” has the meaning set forth in the Rights Offering Procedures. 

“Overallotment Notes” means the aggregate amount of all Rights Offering Notes subscribed for by holders of Senior
Secured Note Claims that elect to purchase Rights Offering Notes in excess of such holder’s Primary Notes. 
 “Owned Debtor
Claims” means those Debtor Claims beneficially owned by any Backstop Party or of which such Backstop Party is the nominee, investment manager or advisor for the beneficial owners of such Debtor Claims. 

“Owned DIP Claims” means those DIP Term Loan Claims beneficially owned by any Backstop Party or of which such Backstop
Party is the nominee, investment manager or advisor for the beneficial owners of such DIP Term Loan Claims, as reflected on Schedule 1 attached hereto. 

“Owned Real Property” means all real property and interests in real property owned, in whole or in part, directly or
indirectly by Exide and its Subsidiaries, together with all buildings, fixtures and improvements located thereon, and all appurtenances thereto. 

“Permitted Liens” means (i) Liens for Taxes, assessments, and other governmental levies, fees or charges that
(A) are not due and payable or (B) are being contested in good faith by appropriate proceedings and for which adequate reserves have been made with respect thereto; (ii) mechanics liens and similar liens for labor, materials or
supplies provided with respect to any Owned Real Property or personal property incurred in the ordinary course of business consistent with past practice and as otherwise not prohibited under this Commitment Agreement, for amounts that (A) do
not materially detract from the value of, or materially impair the use of, any of the Owned Real Property or personal property of Exide or any of its Subsidiaries or (B) are being contested in good faith by appropriate proceedings;
(iii) zoning, building codes and other land use Laws regulating the use or occupancy of any Owned Real Property or the activities conducted thereon that are imposed by any Governmental Entity having jurisdiction over such real property;
provided, that no such zoning, building codes and other land 

  
 9 

 
use Laws prohibit the use or occupancy of such Owned Real Property; (iv) minor deficiencies in title, survey exceptions, easements, covenants, conditions, restrictions and other similar
matters affecting title to any Owned Real Property and other title defects that do not or would not materially impair the use or occupancy of such real property or the operation of Exide’s or any of its Subsidiaries’ business;
(v) Liens that affect Owned Real Property, the underlying fee interest of any Real Property Lease, or tangible personal property that do not materially impair the use of such property in the ordinary course of Exide’s or any of its
Subsidiaries’ business, as currently conducted; (vi) all licenses, agreements, settlements, consents, and covenants not to assert that were entered into in the ordinary course of business consistent with past practice; (vii) the
interests of lessors under operating leases and licensors under license agreements; (viii) Liens on amounts deposited to secure Exide’s and its Subsidiaries’ obligations in connection with workers’ compensation insurance
unemployment insurance or other types of social security; (ix) Liens on amounts deposited to secure Exide’s and its Subsidiaries’ obligations in connection with the making or entering into of bids, tenders, or leases in the ordinary
course of business and not in connection with the borrowing of money, and Liens arising in connection with the sales, transfers, dispositions and factoring of accounts receivable; (x) Liens on amounts deposited to secure Exide’s and its
Subsidiaries’ obligations with respect to statutory obligations, surety and customs bonds, statutory bonds, government contracts, trade contracts, completion and performance guarantees, performance bonds, stay or appeal bonds, progress payments
and other similar obligations incurred in the ordinary course of business; (xi) in connection with subsurface mineral and oil and gas rights that do not materially interfere with or impair the use or operation thereof; (xii) on or after
the occurrence of the Plan Effective Date, Liens granted in connection with or permitted under the Indenture or the documentation governing the Exit ABL Revolver Financing or First Lien High Yield Notes; and (xiii) Liens that, pursuant to the
Confirmation Order, will not survive beyond the Plan Effective Date. 
 “Person” means an individual, firm,
corporation (including any non-profit corporation), partnership, limited liability company, joint venture, associate, trust, Governmental Entity or other entity or organization. 

“Plan Effective Date” means the “Effective Date” as set forth in the Plan. 

“Plan Transaction Documents” means the “Plan Transaction Documents” as defined under the Plan, including all
documentation contemplated by the Restructuring Transactions and this Agreement. 
 “Primary Notes” means the New
Second Lien Convertible Notes issuable by Exide to a holder of Senior Secured Notes Claims in aggregate principal amounts set forth on Schedule 1 upon exercise of subscription rights in the Rights Offering and payment of the Purchase Price
therefor. 
 “Post-Effective Date Business” means the businesses, assets and properties of Exide and its
Subsidiaries, taken as a whole, as of the Plan Effective Date after giving effect to the Restructuring Transactions and other transactions contemplated by the Plan. 

“Purchase Price” means the aggregate principal amount of Backstop Notes, minus any original issue discount on such
Backstop Notes elected to be received by a Backstop Party in lieu of receipt of Fee Notes pursuant to the terms of this Agreement, to be purchased by such Backstop Party in accordance with its Aggregate Commitment Amount. 

  
 10 

 “Real Property Leases” means those leases, subleases, licenses,
concessions and other agreements, as amended, modified or restated, pursuant to which Exide or one of its Subsidiaries holds a leasehold or subleasehold estate in, or is granted the right to use or occupy, any land, buildings, structures,
improvements, fixtures or other interest in real property used in Exide’s or its Subsidiaries’ business. 
 “Related
Party” means, with respect to any Person, (i) any former, current or future director, officer, agent, Affiliate, employee, general or limited partner, member, manager or stockholder of such Person and (ii) any former, current
or future director, officer, agent, Affiliate, employee, general or limited partner, member, manager or stockholder of any of the foregoing. 

“Reorganized Exide Corporate Documents” means the Exide Bylaws, the Exide Certificate of Incorporation and the bylaws
and certificate of incorporation (or comparable constituent documents) of any other Subsidiaries of Exide, each in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

“Representatives” means, with respect to any Person, such Person’s directors, officers, members, partners,
managers, employees, agents, investment bankers, attorneys, accountants, advisors and other representatives. 
 “Requisite
Backstop Parties” means the Backstop Parties (other than any Defaulting Backstop Parties) holding more than fifty percent (50%) of the Aggregate Commitment Amounts committed by all of the Backstop Parties (other than any Defaulting
Backstop Parties); provided, that for purposes of this definition, each such Backstop Party shall be deemed also to have committed the Aggregate Commitment Amount held by such Backstop Party’s Related Purchasers, with such Backstop Party
and such Backstop Party’s Related Purchasers being treated as a single holder for this purpose; provided, further, that, to the extent the satisfaction or consent of the Requisite Backstop Parties is required in respect of any
provision or document referred to herein or in the Plan, any such provision or document shall not have a material, disproportionate (as compared to other Backstop Parties) and adverse effect on any Backstop Party or the Owned Debtor Claims held by
such Backstop Party without the consent of such Backstop Party. 
 “Rights” means the subscription rights
distributed pursuant to and in accordance with the Rights Offering Procedures. 
 “Rights Offering” means the rights
offering contemplated by this Commitment Agreement and the Rights Offering Procedures, both as are reasonably satisfactory to the Requisite Backstop Parties; provided, however, that nothing set forth in this Commitment Agreement, the
Rights Offering Procedures or otherwise shall require aggregate subscriptions or proceeds in excess of the Commitment Amount as a condition to the consummation of the Rights Offering. 

  
 11 

 “Rights Offering Escrow Accounts” means, collectively, the Backstop
Escrow Account and the General Rights Offering Escrow Account established in accordance with Section 2.4. 
 “Rights
Offering Expiration Time” means the time and the date on which the rights offering subscription form must be duly delivered to the Rights Offering Subscription Agent in accordance with the Rights Offering Procedures, together with the
applicable Purchase Price. 
 “Rights Offering Notes” means the New Second Lien Convertible Notes in the aggregate
principal amount of up to $175,000,000 offered for subscription under the Rights Offering Procedures. 
 “Rights Offering
Participants” means those Persons who duly subscribe for Rights Offering Notes in accordance with the Rights Offering Procedures. 

“Rights Offering Procedures” means the procedures with respect to the Rights Offering that are approved by the
Bankruptcy Court pursuant to the Rights Offering Procedures Order which procedures shall be in form and substance reasonably satisfactory to Exide and the Requisite Backstop Parties. 

“Rights Offering Procedures Order” means an Order entered by the Bankruptcy Court, in form and substance reasonably
satisfactory to the Requisite Backstop Parties, approving the commencement of the Rights Offering in accordance with the Rights Offering Procedures. 

“Rights Offering Subscription Agent” means a subscription agent appointed by Exide and reasonably satisfactory to the
Requisite Backstop Parties. 
 “SEC” means the United States Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “Security Documents” means the security agreements, pledge agreements, collateral assignments, mortgages and
related agreement, creating, evidencing or perfecting the security interests in the collateral securing the New Second Lien Convertible Notes , the documentation for which shall be in form and substance reasonably satisfactory to the Requisite
Backstop Parties and shall have the terms therefor substantially as described in the PSA Term Sheet and other terms and provisions that are customary for such agreements, which terms and provisions shall be consistent with those governing the
corresponding agreements related to the First Lien High Yield Notes. 
 “Senior Secured Indenture” means that
certain indenture dated as of January 25, 2011 (as amended, supplemented or otherwise modified from time to time) under which Exide issued the Senior Secured Notes. 

  
 12 

 “Senior Secured Note Claims” means the Claims on account of the Senior
Secured Notes. 
 “Senior Secured Notes” means those certain 8 5/8% Senior Secured Notes due 2018 issued by Exide
under the Senior Secured Indenture. 
 “Solicitation Materials” means the solicitation materials in respect of the
Plan and the Rights Offering Procedures, in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

“Stockholders Agreement” means that agreement to be entered into among reorganized Exide and the holders of equity
interests in reorganized Exide, which shall be in form and substance substantially consistent with the Plan and otherwise reasonably satisfactory to the Requisite Backstop Parties. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, joint venture or other legal entity as
to which such Person (either alone or through or together with any other subsidiary), (i) owns, directly or indirectly, more than fifty percent (50%) of the stock or other equity interests, (ii) has the power to elect a majority of
the board of directors or similar governing body or (iii) has the power to direct the business and policies. 
 “Takeover
Statute” means any restrictions contained in any “fair price,” “moratorium,” “control share acquisition,” “business combination” or other similar anti-takeover statute or regulation. 

“Taxes” (i) any and all federal, state, provincial, local, foreign and other taxes, levies, fees, imposts,
duties, and similar governmental charges (including any interest, fines, assessments, penalties or additions to tax imposed in connection therewith or with respect thereto) including (x) taxes imposed on, or measured by, income, franchise,
profits or gross receipts, and (y) ad valorem, value added, capital gains, sales, goods and services, use, real or personal property, capital stock, license, branch, payroll, estimated withholding, employment, social security (or similar),
unemployment, compensation, utility, severance, production, excise, stamp, occupation, premium, windfall profits, transfer and gains taxes, and customs duties, (ii) any and all liability for the payment of any items described in clause
(i) above as a result of being (or ceasing to be) a member of an affiliated, consolidated, combined, unitary or aggregate group (or being included (or being required to be included) in any Tax Return related to such group and (iii) any and
all liability for the payment of any amounts as a result of any express or implied obligation to indemnify any other person, or any successor or transferee liability, in respect of any items described in clause (i) or (ii) above. 

“Tax Returns” means any and all reports, returns, declarations, claims for refund, elections, disclosures, estimates,
information reports or returns or statements required to be supplied to a Governmental Entity in connection with Taxes, including any schedule or attachment thereto or amendment thereof. 

“Transfer” means sell, transfer, assign, pledge, hypothecate, participate, donate or otherwise encumber or dispose of.

  
 13 

 “Treasury Regulations” means the Treasury regulations promulgated under
the Code. 
 “Trustee” means the trustee under the Indenture and the First Lien Indenture or, in the event that the
Indenture and the First Lien Indenture have separate trustees, the trustee under the Indenture or the First Lien Indenture, as applicable. 

“Unofficial Noteholder Committee” means that certain ad hoc committee of holders of Senior Secured Notes (and certain
of their Affiliates) represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP. 
 “Unsubscribed Notes”
means the Rights Offering Notes (after giving effect to the purchase of any Overallotment Notes) that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan. 

“Vernon Facility” means Exide’s lead recycling facility and related operations located at 2700 South Indiana
Avenue, Vernon, California 90058. 
 “Vernon Legal Action” means any action or claim pursued by the Los Angeles
County Board of Supervisors against Exide that results in any injunctive relief or monetary damages in respect of the Vernon Facility. 

“Vernon Mitigation Plan” means that certain Mitigation Plan for Construction of Risk Reduction Measures, RCRA RFI
Sampling, and Major Maintenance Activities prepared for Exide by Remediation Services, Inc. dated May 12, 2014 and approved by the AQMD on July 10, 2014, as amended on August 8, 2014 and as may be further amended and supplemented from
time to time. 
 “Vernon Risk Reduction Plan” means that certain Risk Reduction Plan submitted by Exide to the AQMD
and approved by the AQMD on March 19, 2014, as may be amended and supplemented from time to time. 
 Section 1.2 Additional
Defined Terms. In addition to the terms defined in Section 1.1, additional defined terms used herein shall have the respective meanings assigned thereto in the Sections indicated in the table below. 

 

			
	 Defined Term
	  	 Section

	 Alternative Transaction
	  	Section 4.02(b) of the PSA
	 Applicable Consent
	  	Section 4.7
	 AQMD
	  	Section 6.16
	 AQMD Complaint SSe
	  	Section 6.16
	 Backstop Commitment
	  	Section 2.2
	 Backstop Commitment Fee
	  	Section 3.1
	 Backstop Equity Fee
	  	Section 3.1
	 Backstop Escrow Account
	  	Section 2.4(a)
	 Backstop Escrow Funding Date
	  	Section 2.4(b)
	 Backstop Notes Fee
	  	Section 3.1

  
 14 

			
	 Defined Term
	  	 Section

	 Backstop Parties
	  	Preamble
	 Backstop Party
	  	Preamble
	 Backstop Party Replacement
	  	Section 2.3(a)
	 Backstop Party Replacement Period
	  	Section 2.3(a)
	 Bankruptcy Code
	  	Recitals
	 Bankruptcy Court
	  	Recitals
	 Chapter 11 Case
	  	Recitals
	 Closing
	  	Section 2.5(a)
	 Closing Date
	  	Section 2.5(a)
	 Commitment Agreement
	  	Preamble
	 Common Stock
	  	Section 7.1(cc)
	 Debtor
	  	Recitals
	 Economic Change
	  	Section 8.05 of the PSA
	 Employee Representatives
	  	Section 4.14(a)
	 Environmental Laws
	  	Section 4.19(a)
	 Escrow Release
	  	Section 2.4(b)
	 Exide
	  	Preamble
	 Existing European Facilities
	  	PSA Term Sheet
	 Expense Reimbursement
	  	Section 3.3
	 Fee Notes
	  	Section 3.1
	 Fee Shares Sect
	  	Section 3.1
	 Financial Reports
	  	Section 6.6(a)
	 Financial Statements
	  	Section 4.9
	 Foreign Benefit Plans
	  	Section 4.21(h)
	 Funding Notice
	  	Section 2.4(a)
	 GAAP
	  	Section 4.9
	 Indemnified Claim
	  	Section 8.2
	 Indemnified Person
	  	Section 8.1
	 Indemnifying Party
	  	Section 8.1
	 Infringed
	  	Section 4.15
	 Initial Funding Notice
	  	Section 2.4(a)
	 Legal Proceedings
	  	Section 4.13
	 Legend
	  	Section 6.14
	 Losses
	  	Section 8.1
	 Material Contract
	  	Section 4.24
	 Money Laundering Laws
	  	Section 4.26
	 Multiemployer Plan
	  	Section 4.21(b)
	 Non-Waiving Backstop Parties
	  	Section 7.3
	 Outside Date
	  	Section 9.1(g)
	 Party
	  	Preamble
	 Petition Date
	  	Recitals
	 Plan
	  	Recitals
	 Pre-Closing Period
	  	Section 6.3
	 PSA
	  	Recitals
	 PSA Term Sheet
	  	Recitals

  
 15 

			
	 Defined Term
	  	 Section

	 Regulation S
	  	Section 5.8
	 Related Purchaser
	  	Section 2.6(a)
	 Replacing Backstop Parties
	  	Section 2.3(a)
	 Restructuring Transactions
	  	Recitals
	 Rights Offering Commitment
	  	Section 2.1
	 Sale
	  	Section 4.02(c) of the PSA
	 Subsequent Funding Notice
	  	Section 2.4(a)
	 Ultimate Purchaser
	  	Section 2.6(b)
	 Waiving Backstop Parties
	  	Section 7.3
	 WARN Act
	  	Section 4.14

 Section 1.3 Construction. 

(a) In this Commitment Agreement, unless the context otherwise requires: 

(i) references to Articles, Sections, Exhibits and Schedules are references to the articles and sections or subsections of, and the exhibits
and schedules attached to, this Commitment Agreement; 
 (ii) the descriptive headings of the Articles and Sections of this Commitment
Agreement are inserted for convenience only, do not constitute a part of this Commitment Agreement and shall not affect in any way the meaning or interpretation of this Commitment Agreement; 

(iii) references in this Commitment Agreement to “writing” or comparable expressions include a reference to a written document
transmitted by means of electronic mail in portable document format (.pdf), facsimile transmission or comparable means of communication; 

(iv) words expressed in the singular number shall include the plural and vice versa; words expressed in the masculine shall include the
feminine and neuter gender and vice versa; 
 (v) the words “hereof”, “herein”, “hereto” and
“hereunder”, and words of similar import, when used in this Commitment Agreement, shall refer to this Commitment Agreement as a whole, including all Exhibits and Schedules attached to this Commitment Agreement, and not to any provision of
this Commitment Agreement; 
 (vi) the term this “Commitment Agreement” shall be construed as a reference to this Commitment
Agreement as the same may have been, or may from time to time be, amended, modified, varied, novated or supplemented; 
 (vii)
“include”, “includes” and “including” are deemed to be followed by “without limitation” whether or not they are in fact followed by such words; 

(viii) references to “day” or “days” are to calendar days; 

  
 16 

 (ix) references to “the date hereof” means as of the date of this Commitment
Agreement; 
 (x) unless otherwise specified, references to a statute means such statute as amended from time to time and includes any
successor legislation thereto and any regulations promulgated thereunder in effect on the date of this Commitment Agreement; and 
 (xi)
references to “dollars” or “$” are to United States of America dollars. 
 (b) This Commitment Agreement
is the product of extensive discussions and negotiations between and among the Debtor, the Backstop Parties and certain other creditors and constituencies. Each of the foregoing was represented by counsel, who either (a) participated in the
formulation and documentation of, or (b) was afforded the opportunity to review and provide comments on, this Commitment Agreement and the documents ancillary hereto. Accordingly, the general rule of contract construction known as “contra
preferentem” shall not apply to the construction or interpretation of any provision of this Commitment Agreement or any contract, instrument, release, indenture, exhibit, or other agreement or document generated in connection herewith. 

ARTICLE II 
 BACKSTOP
COMMITMENT 
 Section 2.1 The Rights Offering. On the terms and subject to the conditions hereof, (a) Exide shall
conduct the Rights Offering pursuant to and in accordance with the Rights Offering Procedures (including the Overallotment Procedures as set forth in the Rights Offering Procedures), this Commitment Agreement, and the Plan; and (b) in
connection with the Rights Offering, each Backstop Party agrees, severally and not jointly, to purchase and shall purchase, and Exide agrees to issue and sell to such Backstop Party and shall issue and sell to such Backstop Party, on the Closing
Date, all of such Backstop Party’s Primary Notes at the Purchase Price in an aggregate principal amount set forth opposite such Backstop Party’s name under the column titled “Primary Notes” on Schedule 1 (the
“Rights Offering Commitment”). 
 Section 2.2 The Backstop Commitment. On the terms and
subject to the conditions hereof, in the Rights Offering each Backstop Party agrees, severally and not jointly, to purchase and shall purchase, and Exide agrees to issue and sell to such Backstop Party and shall issue and sell to such Backstop
Party, on the Closing Date and for the Purchase Price, the aggregate principal amount of Backstop Notes equal to such Backstop Party’s pro rata portion of the Unsubscribed Notes, determined based upon the relative Backstop Commitment
Amounts of the Backstop Parties, in each case up to such Backstop Party’s Backstop Commitment Amount (such obligation to purchase the Unsubscribed Notes, the “Backstop Commitment”). 

  
 17 

 Section 2.3 Backstop Party Default. 

(a) Upon the occurrence of a Backstop Party Default, the Backstop Parties (other than any Defaulting Backstop Party) shall have the right,
but shall not be obligated to, within five (5) Business Days after receipt of written notice from Exide to all Backstop Parties of such Backstop Party Default (which notice shall be given promptly following the occurrence of such Backstop Party
Default and substantially concurrently to all Backstop Parties) (such five (5) Business Day period, the “Backstop Party Replacement Period”) to request that one or more of the Backstop Parties (other than the Defaulting
Backstop Party) purchase all or any portion of the Available Notes (any such purchase, a “Backstop Party Replacement”) on the terms and subject to the conditions set forth in this Commitment Agreement and in such amounts
based upon the applicable Aggregate Commitment Amount with respect to such Replacing Backstop Party, or as may otherwise be agreed upon by Exide and all of the Backstop Parties electing to purchase all or any portion of the Available Notes (such
Backstop Parties, the “Replacing Backstop Parties”); provided, however, that during the Backstop Party Replacement Period and prior to giving effect to any Cover Transaction, (i) each non-Defaulting
Backstop Party shall be obligated to make a Backstop Party Replacement with respect to a portion of any Defaulting Backstop Party’s Backstop Commitment (to the extent not otherwise assumed by a Replacing Backstop Party) determined in proportion
to such non-Defaulting Backstop Party’s respective Backstop Commitment Amount if the aggregate amount to be funded by a non-Defaulting Backstop Party pursuant to Section 2.2 (to the extent not otherwise assumed by a Replacing
Backstop Party) is less than or equal to the amount that would have been required to be funded by such non-Defaulting Backstop Party pursuant to Section 2.2 if no other Person had participated in the Rights Offering and the Defaulting
Backstop Parties had performed their respective obligations under Section 2.2; and (ii) after giving effect to any Backstop Party Replacement pursuant to clause (i) of this proviso, then each Backstop Party that has requested
Overallotment Notes pursuant to the Overallotment Procedures, such Backstop Party, together with all other Backstop Parties requesting Overallotment Notes, shall be obligated to make a Backstop Party Replacement in an amount up to such Backstop
Party’s pro rata percentage of any Overallotment Notes allocated to any Defaulting Backstop Parties pursuant to the Overallotment Procedures; provided, further, that in no event shall the foregoing require any non-Defaulting
Backstop Party to purchase more than its Aggregate Commitment Amount (unless such non-Defaulting Backstop Party elects to purchase Overallotment Notes pursuant to the Overallotment Procedures). Except as described in the previous sentence, no
Backstop Party shall be obligated to provide a Backstop Party Replacement unless such Backstop Party affirmatively consents thereto in writing. Any such Available Notes purchased by a Replacing Backstop Party shall be included in the determination
of (y) the Backstop Notes of such Replacing Backstop Party for all purposes hereunder and (z) the Backstop Commitment Amount of such Backstop Party for all purposes hereunder, including for purposes of Section 3.1 and the
definition of Requisite Backstop Parties. If a Backstop Party Default occurs, the Closing and the Outside Date shall be delayed only to the extent necessary to allow for (A) the Backstop Party Replacement to be completed within the Backstop
Party Replacement Period and (B) if necessary, the consummation of a Cover Transaction within the Cover Transaction Period. If the Backstop Party Replacement has not been consummated upon expiration of the Backstop Party Replacement Period, and
a Cover Transaction has not been consummated prior to the expiration of the Cover Transaction Period, each Backstop Party may terminate its obligations under this Commitment Agreement by written notice to Exide, or this Commitment Agreement may be
terminated by Exide by written notice to each Backstop Party. 

  
 18 

 (b) If a Backstop Party is or becomes a Defaulting Backstop Party, such Backstop Party shall be
in breach of this Commitment Agreement and shall not be entitled to the Backstop Commitment Fee hereunder and shall forfeit its portion of the Backstop Commitment Fee to the Replacing Backstop Parties (if any) pro rata based upon the
aggregate principal amount of Available Notes purchased by each such Replacing Backstop Party within one (1) Business Day of receiving written notice by Exide or any other Backstop Party of the consummation of such Backstop Party Replacement.

 (c) Nothing in this Commitment Agreement shall be deemed to require a Backstop Party to purchase more than its Aggregate Commitment
Amount of the New Second Lien Convertible Notes. 
 (d) Notwithstanding the foregoing, if the non-Defaulting Backstop Parties do not elect
to subscribe for and purchase all of the Available Notes pursuant to Section 2.3(a) prior to the expiration of the Backstop Party Replacement Period, Exide shall have the Cover Transaction Period to consummate a Cover Transaction. 

(e) No provision of this Commitment Agreement shall relieve any Defaulting Backstop Party from liability hereunder in connection with such
Defaulting Backstop Party’s Backstop Party Default. 
 Section 2.4 Backstop Escrow Account Funding. 

(a) Funding Notice. (A) No later than the fifth (5th) Business Day following the Rights Offering Expiration Time, Exide, or
the Rights Offering Subscription Agent on behalf of Exide, shall deliver to each Backstop Party a written notice (the “Initial Funding Notice”) and (B) if an Escrow Release occurs, no later than the fifth
(5th) Business Day prior to the Plan Effective Date, Exide, or the Rights Offering Subscription Agent on behalf of Exide, shall deliver to each Backstop Party an additional written notice (the “Subsequent Funding Notice”
and, together with the Initial Funding Notice, a “Funding Notice”), in each case of (i) the aggregate principal amount of Rights Offering Notes elected to be purchased by the Rights Offering Participants and the
aggregate Purchase Price therefor; (ii) the aggregate principal amount of Backstop Notes, if any, and the aggregate Purchase Price therefor; (iii) the aggregate principal amount of Primary Notes and Backstop Notes to be issued and sold by
Exide to such Backstop Party and the aggregate Purchase Price therefor; and (iv) the escrow account to which such Backstop Party shall deliver and pay the aggregate Purchase Price for such Primary Notes and Backstop Notes (the
“Backstop Escrow Account”). Exide, or the Rights Offering Subscription Agent on behalf of Exide, shall as promptly as practicable provide any written backup, information and documentation relating to the information contained
in the applicable Funding Notice as any Backstop Party may reasonably request. 
 (b) Backstop Escrow Account Funding. No later than
the second (2nd) Business Day following receipt of the Initial Funding Notice (such date, the “Backstop Escrow Funding Date”), each Backstop Party shall deliver and pay the aggregate Purchase

  
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Price for such Backstop Party’s Primary Notes and Backstop Notes by wire transfer in immediately available funds in U.S. dollars into the Backstop Escrow Account in satisfaction of such
Backstop Party’s Rights Offering Commitment and Backstop Commitment. The Backstop Escrow Account shall be established with an escrow agent reasonably satisfactory to the Requisite Backstop Parties and Exide pursuant to an escrow agreement in
form and substance reasonably satisfactory to the Requisite Backstop Parties and Exide. The funds held in the Backstop Escrow Account shall be released to the Backstop Parties, and each Backstop Party shall receive from the Backstop Escrow Account
the cash amount actually funded to the Backstop Escrow Account by such Backstop Party, plus any interest accrued thereon, promptly following the earlier to occur of (i) the termination of this Commitment Agreement in accordance with its terms
and (ii) the seventh (7th) Business Day following delivery of the Initial Funding Notice if the Closing shall not have occurred; provided, that if the funds are released from the
Backstop Escrow Account pursuant to the foregoing clause (ii) (an “Escrow Release”), each Backstop Party shall be required to re-deliver such released funds no later than two (2) Business Days after receipt of a
Subsequent Funding Notice. At any time after delivery of such Subsequent Funding Notice, the funds held in the Backstop Escrow Account shall be released, and each Backstop Party shall receive from the Backstop Escrow Account the cash amount actually
funded to the Backstop Escrow Account by such Backstop Party, plus any accrued interest thereon, promptly following the earlier to occur of (i) termination of this Commitment Agreement in accordance with its terms and (ii) the Outside
Date, if the Closing has not occurred on or before such date. 
 Section 2.5 Closing. 

(a) Subject to Article VII, unless otherwise mutually agreed in writing between Exide and the Requisite Backstop Parties, the closing
of the Backstop Commitments (the “Closing”) shall take place at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, Four Times Square, New York, New York 10036, at 11:00 a.m., New York City time, on the second
(2nd) Business Day following the date on which all of the conditions set forth in Article VII shall have been satisfied or waived in accordance with this Commitment Agreement (other
than conditions that by their terms are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions). The date on which the Closing actually occurs shall be referred to herein as the “Closing
Date.” 
 (b) At the Closing, the funds held in the Backstop Escrow Account shall be released and utilized as set forth
and in accordance with Section 6.13 and the Plan. 
 (c) At the Closing, the Primary Notes, the Backstop Notes, the Fee Shares
and the Fee Notes will be issued and delivered by Exide to the account of each Backstop Party (or to such other accounts as any Backstop Party may designate in accordance with this Commitment Agreement) against payment of the aggregate Purchase
Price for the Primary Notes and the Backstop Notes of such Backstop Party. Unless a Backstop Party requests in writing delivery of a physical note or stock certificate, as applicable, the entry of any Primary Notes, Backstop Notes, Fee Shares and
Fee Notes to be delivered pursuant to this Section 2.5(c) into the account of a Backstop Party pursuant to Exide’s book-entry procedures and delivery to such Backstop Party of an account statement reflecting the book entry of such
Primary Notes, Backstop Notes, Fee Shares and Fee Notes shall be deemed delivery of such Primary Notes, 

  
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Backstop Notes, Fee Shares and Fee Notes for purposes of this Commitment Agreement. Notwithstanding anything to the contrary in this Commitment Agreement, subject to Section 1146(a) of the
Bankruptcy Code, all Primary Notes, Backstop Notes, Fee Shares and Fee Notes will be delivered with all Taxes or duties that are due and payable (if any) in connection with such delivery duly paid by Exide only if such delivery is made to a Backstop
Party. 
 Section 2.6 Designation and Assignment Rights. 

(a) Each Backstop Party shall have the right to designate by written notice to Exide no later than two (2) Business Days prior to the
Closing Date that some or all of its Primary Notes, Backstop Notes, Fee Shares or Fee Notes be issued in the name of, and delivered to, one or more of its Affiliates or Affiliated Funds (each a “Related Purchaser”) upon
receipt by Exide of payment therefor in accordance with the terms hereof, which notice of designation shall (i) be addressed to Exide and signed by such Backstop Party and each such Related Purchaser; (ii) specify the aggregate principal
amount of Primary Notes, Backstop Notes, Fee Shares and Fee Notes to be delivered to or issued in the name of each such Related Purchaser; (iii) contain a confirmation by each such Related Purchaser of the accuracy of the representations set
forth in Article V as applied to such Related Purchaser, if applicable; and (iv) attach an executed joinder of the Related Party pursuant to which such Related Party will agree to be bound by the PSA. No designation of a Related
Purchaser pursuant to this Section 2.6(a) shall relieve such Backstop Party from its obligations under this Commitment Agreement. 

(b) Each Backstop Party shall have the right to sell, transfer and assign all or any portion of its Backstop Commitment to (i) a Related
Purchaser or (ii) one or more Persons (other than a Related Purchaser) that is reasonably acceptable to Exide and the Requisite Backstop Parties (each such Related Purchaser or other Person, an “Ultimate Purchaser”) and
that, in each case agrees in a writing addressed to Exide to (a) purchase such portion of such Backstop Party’s Backstop Commitment, (b) be fully bound by, and subject to, this Commitment Agreement as a Backstop Party for all purposes
hereto (including for purposes of determining the Requisite Backstop Parties), and (c) attach an executed joinder of the Related Party to the PSA. No such sale, transfer or assignment pursuant to this Section 2.6(b) shall relieve
such Backstop Party from its obligations under this Commitment Agreement; provided, further, that any such Related Purchaser or Ultimate Purchaser must also be a Permitted Transferee under the PSA. 

(c) Each Backstop Party, severally and not jointly, agrees that it will not, directly or indirectly, Transfer, at any time prior to the
Closing Date or the earlier termination of this Commitment Agreement in accordance with its terms, any of its rights and obligations under this Commitment Agreement to any Person other than in accordance with Sections 2.3, 2.6(a),
2.6(b), 7.3, 10.7 or any other provision of this Commitment Agreement which expressly permits such Transfer. After the Closing Date, nothing in this Commitment Agreement shall limit or restrict in any way any Backstop
Party’s ability to Transfer any of its New Second Lien Convertible Notes or any interest therein; provided, that any such Transfer shall be made pursuant to an effective registration statement under the Securities Act or an exemption
from the registration requirements thereunder and pursuant to applicable securities Laws. 

  
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 ARTICLE III 

BACKSTOP COMMITMENT FEE AND EXPENSE REIMBURSEMENT 

Section 3.1 Fees Payable by Exide. Subject to Section 3.2, as consideration for the Rights Offering Commitment, the
Backstop Commitment and the other agreements of the Backstop Parties in this Commitment Agreement, at the Closing, Exide shall pay or cause to be paid a nonrefundable fee in the form of 5.0% of the New Common Stock issued and outstanding as of the
Plan Effective Date (the “Backstop Equity Fee” and the shares of New Common Stock to be issued as the Backstop Equity Fee, the “Fee Shares”) plus a payment in an aggregate amount equal to 15.0% of the
Aggregate Commitment Amounts (the “Backstop Notes Fee”, together with the Backstop Equity Fee, collectively “Backstop Commitment Fee”), calculated in accordance with Section 3.2 and subject
to adjustment as provided in Section 9.2(b), to the Backstop Parties (including, in accordance with Section 2.3(a), any Replacing Backstop Parties and Ultimate Purchasers, but excluding any Defaulting Backstop Parties) or
their designees based upon their respective Aggregate Commitment Amounts and to be paid as set forth in this Section 3.1. 
 The
provisions for the payment of the Backstop Commitment Fee and Expense Reimbursement (as set forth in Section 3.3), and the indemnification provided herein, are an integral part of the transactions contemplated by this Commitment
Agreement and without these provisions the Backstop Parties would not have entered into this Commitment Agreement, and the Backstop Commitment Fee (to the extent required to be paid in cash as set forth in Section 9.2) and Expense
Reimbursement shall, pursuant to the BCA Approval Order, constitute allowed administrative expenses of the Debtor’s estate under sections 503(b) and 507 of the Bankruptcy Code. Except as provided in Section 3.2, Exide shall satisfy
its obligation to pay the Backstop Notes Fee on the Closing Date through issuance of (i) an additional principal amount of New Second Lien Convertible Notes equal to 10.0% of the Aggregate Commitment Amounts and (ii) an additional
principal amount of First Lien High Yield Notes equal to 5.0% of the Aggregate Commitment Amounts (collectively, the “Fee Notes”) to the Backstop Parties in lieu of any cash payment (the aggregate principal amount of New
Second Lien Convertible Notes and the aggregate principal amount of First Lien High Yield Notes to be issued in satisfaction of the Backstop Notes Fee will be equal to $16,000,000 and $8,000,000, respectively). Alternatively, at the election of a
Backstop Party, Exide’s obligation to deliver Fee Notes in the form of New Second Lien Convertible Notes may be satisfied by additional original issue discount for the New Second Lien Convertible Notes to be purchased by such Backstop Party;
provided, however, that any election to receive original issue discount will in no event reduce the proceeds actually funded to Exide by the Backstop Parties below $160,000,000. 

Section 3.2 Payment of Fees. The Backstop Commitment Fee shall be fully earned upon entry of the BCA Approval Order and shall be
paid or caused to be paid by Exide, on the Closing Date as set forth in Section 3.1; provided, that, the Backstop Commitment Fee shall be adjusted in accordance with Section 9.2(b) and paid in cash upon the
consummation of any Sale or Alternative Transaction occurring at any time (whether before or after the Outside Date, or the occurrence of the termination of this Commitment Agreement (except if such termination is pursuant to
Section 9.1(h) hereof)). For the avoidance of doubt, the Backstop Commitment Fee will be payable regardless of the aggregate principal amount of Backstop Notes (if any). Except as provided for in Section 2.3(b), the Backstop
Commitment Fee will be nonrefundable and non-avoidable when paid. 

  
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 Section 3.3 Expense Reimbursement. Until the earlier to occur of (x) the Closing
and (y) the termination of this Commitment Agreement, Exide agrees to pay (without duplication, and to the extent not otherwise covered by paragraph 15 of the Final DIP Order) (i) the documented reasonable fees and expenses of counsel,
financial advisors, and consultants (environmental, political, governmental or otherwise) and other professionals for specialized areas of expertise as circumstances warrant retained by the Unofficial Noteholder Committee and the Backstop Parties
(if different from counsel retained by the Unofficial Noteholder Committee), in each case that have been and are incurred in connection with the negotiation, preparation and implementation of the Backstop Commitment and the Rights Offering,
including the Backstop Parties’ negotiation, preparation and implementation of this Commitment Agreement (including the Backstop Commitment and the other transactions contemplated hereby), the Plan Transaction Documents and the other agreements
contemplated hereby and thereby, and (ii) all filing fees, if any, required by the HSR Act or any other Antitrust Law and all reasonable documented expenses related thereto (the “Expense Reimbursement”). The Expense
Reimbursement accrued through the date on which the BCA Approval Order is entered shall be paid within five (5) Business Days of such date. The Expense Reimbursement shall thereafter be payable by Exide as soon as practicable after receipt of
monthly invoices therefor; provided, that the final payment owed by Exide shall be made contemporaneously with the Closing or the termination of this Commitment Agreement pursuant to Article IX or, if the Closing does not occur, upon
the earlier to occur of the Outside Date and the termination of this Commitment Agreement; provided, further, that the Expense Reimbursement shall not be subject to compliance with local guidelines issued by the Bankruptcy Court with
respect to payment of professional fees. Exide shall pay or cause to be paid such invoices within five (5) Business Days of receipt thereof. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF EXIDE 

Except as set forth in (i) the Company SEC Documents filed prior to the date hereof (excluding any risk factor disclosure and disclosure
included in any “forward-looking statements” disclaimer or other statements included in such Company SEC Documents that are forward-looking in nature), (ii) the Disclosure Statement (excluding any risk factor disclosure and disclosure
of risks included in any “forward-looking statements” disclaimer or other statements included in the Disclosure Statement that are forward-looking in nature), or (iii) the Company Disclosure Schedule, Exide hereby represents and
warrants to the Backstop Parties as set forth below. Any disclosure in the Company SEC Documents, the Disclosure Statement, or the Company Disclosure Schedule that is deemed to qualify a representation or warranty shall also be deemed to qualify
each and every other representation and warranty to the extent that the relevance of such disclosure to such other representations and warranties is reasonably apparent on its face. 

Section 4.1 Organization and Qualification. Each Material Entity is a legal entity duly organized, validly existing and in good
standing (or the equivalent thereof) 

  
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under the Laws of its respective jurisdiction of incorporation or organization and, subject to the entry of any applicable order of the Bankruptcy Court, has all requisite power and authority to
own, lease and operate its properties and to carry on its business as currently conducted and presently proposed to be conducted. Each Material Entity is duly qualified or licensed to do business under the Laws of each other jurisdiction in which it
owns, leases or operates properties or conducts any business where the failure to be so qualified would reasonably be expected to result in a Material Adverse Effect. 

Section 4.2 Corporate Power and Authority. Exide has the requisite corporate power and authority (i) (A) subject to
entry of the BCA Approval Order, to enter into, execute and deliver this Commitment Agreement and to perform its obligations hereunder and (B) subject to entry of the Confirmation Order, to perform each of its other obligations hereunder and
(ii) subject to entry of the Confirmation Order, to consummate the transactions contemplated herein and in the Plan, to enter into, execute and deliver the Indenture and the Stockholders Agreement and all other agreements to which it will be a
party as contemplated by this Commitment Agreement and the Plan, and to perform its obligations under each of the Plan Transaction Documents (as such term is defined in Section 3 of the PSA) other than this Commitment Agreement. Subject to the
entry of the foregoing Orders, as applicable, the execution and delivery of this Commitment Agreement and each of the other Plan Transaction Documents and the consummation of the transactions contemplated hereby and thereby have been or will be duly
authorized by all requisite corporate action on behalf of Exide, and no other corporate proceedings on the part of Exide are or will be necessary to authorize this Commitment Agreement or any of the other Plan Transaction Documents or to consummate
the transactions contemplated hereby or thereby. 
 Section 4.3 Execution and Delivery; Enforceability. Subject to entry of the
BCA Approval Order, this Commitment Agreement will have been, and subject to the entry of the Confirmation Order, each other Plan Transaction Document will be, duly executed and delivered by Exide. Upon entry of the BCA Approval Order and assuming
this Commitment Agreement has been duly authorized, executed and delivered by the Backstop Parties, the Commitment Agreement will constitute the valid and legally binding obligation of Exide, enforceable against Exide in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general principles of equity whether applied in a court of law or a
court of equity; provided, however, that, until entry of the BCA Approval Order, this Commitment Agreement shall only be binding on Exide to the extent permissible in the absence of Bankruptcy Court approval. Upon entry of the BCA
Approval Order and assuming this Commitment Agreement has been duly authorized, executed and delivered by the Backstop Parties and the other parties thereto, each of the other obligations hereunder will constitute the valid and legally binding
obligations of Exide, enforceable against Exide in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’
rights and to general principles of equity whether applied in a court of law or a court of equity; provided, however, that, until entry of the BCA Approval Order, such other obligations hereunder shall only be binding on Exide to the
extent permissible in the absence of Bankruptcy Court approval. 

  
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 Section 4.4 Authorized and Issued Capital Stock. 

(a) Except as set forth in this Section 4.4, as of the Closing Date, no shares of capital stock or other equity or voting
interest in Exide, or any security exercisable for or convertible or exchangeable into any capital stock of or other equity or voting interest in Exide, will have been issued, reserved for issuance or outstanding. 

(b) Except as described in this Section 4.4 and except as set forth in the Stockholders Agreement, the Reorganized Exide
Corporate Documents, any KEIP, LTIP, key employee retention plan, or supplemental executive retirement plan adopted by Exide or other employment agreement or compensation arrangement that would be in effect immediately after the Closing with respect
to each individual serving as a member of the senior management of Exide on the date hereof, the documentation governing the Exit ABL Revolver Financing or First Lien High Yield Notes or any employment agreement entered into in accordance with
Section 7.1(g), as of the Closing Date, neither Exide nor any of its Subsidiaries will be party to or otherwise bound by or subject to any outstanding option, warrant, call, right, security, commitment, contract, arrangement or
undertaking (including any preemptive right) that (i) obligates Exide or any of its Subsidiaries to issue, deliver, sell or transfer, or repurchase, redeem or otherwise acquire, or cause to be issued, delivered, sold or transferred, or
repurchased, redeemed or otherwise acquired, any shares of the capital stock of, or other equity or voting interests in, Exide or any of its Subsidiaries or any security exercisable for or convertible or exchangeable into any capital stock of, or
other equity or voting interest in, Exide or any of its Subsidiaries, (ii) obligates Exide or any of its Subsidiaries to issue, grant, extend or enter into any such option, warrant, call, right, security, commitment, contract, arrangement or
undertaking, (iii) restricts the Transfer of any shares of capital stock of Exide or any of its Subsidiaries or (iv) relates to the voting of any shares of capital stock of Exide or any of its Subsidiaries. 

Section 4.5 Notes Issuance and Indenture; New Common Stock Issuance; Security Documents and Intercreditor Agreement. 

(a) Each of (i) the Indenture and the New Second Lien Convertible Notes and (ii) the First Lien Indenture and the First Lien High
Yield Notes has been duly and validly authorized by Exide; and assuming the due authorization, execution and delivery of the Indenture and the First Lien Indenture and the authentication of the New Second Lien Convertible Notes and the First Lien
High Yield Notes, in each case by the Trustee, when the New Second Lien Convertible Notes and the First Lien High Yield Notes are delivered and, in the case of the New Second Lien Convertible Notes, paid for pursuant to this Commitment Agreement on
the Closing Date, each of the Indenture, the First Lien Indenture, the New Second Lien Convertible Notes and the First Lien High Yield Notes will have been duly executed, issued and delivered by Exide, and the Indenture, the First Lien Indenture,
the New Second Lien Convertible Notes and the First Lien High Yield Notes will constitute valid and legally binding obligations of Exide, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability now or hereafter in effect relating to or affecting creditors’ rights and to general equity principles and the discretion of any court before which any proceeding therefore
may be brought and entitled to the benefits provided by the Indenture. 

  
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 (b) The shares of New Common Stock to be issued in connection with the consummation of the
Rights Offering, will, when issued and delivered on the Closing Date, be duly and validly authorized, issued and delivered and shall be fully paid and non-assessable, and free and clear of all Liens (other than transfer restrictions imposed
hereunder or under the Reorganized Exide Corporate Documents or by applicable Law), preemptive rights, subscription and similar rights, other than any rights set forth in the Reorganized Exide Corporate Documents. 

(c) Each of the Security Documents and the Intercreditor Agreement has been duly and validly authorized by Exide; and at the Closing Date,
each of the Security Documents and the Intercreditor Agreement will have been duly executed and delivered by Exide and the Indenture and each of the Security Documents and the Intercreditor Agreement will constitute valid and legally binding
obligations of Exide, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability now or hereafter in effect relating to or affecting
creditors’ rights and to general equity principles and the discretion of any court before which any proceeding therefore may be brought and entitled to the benefits provided by the Security Documents or the Intercreditor Agreement, as
applicable. 
 (d) Upon issuance and delivery of the New Second Lien Convertible Notes in accordance with this Commitment Agreement and the
Indenture, the New Second Lien Convertible Notes will be convertible at the option of the holder thereof into shares of New Common Stock in accordance with the terms of the New Second Lien Convertible Notes; the shares of New Common Stock reserved
for issuance upon conversion of the New Second Lien Convertible Notes have been duly authorized and reserved and, when issued upon conversion of the Securities in accordance with the terms of the New Second Lien Convertible Notes and the Indenture,
delivered as provided in the Indenture and paid for as provided herein, will be validly issued, fully paid and non-assessable, and the issuance of the New Common Stock will not be subject to any preemptive or similar rights. 

Section 4.6 No Conflict. Assuming the consents described in clauses (i) through (vii) of Section 4.7 are
obtained, the execution and delivery by Exide and, if applicable, its Subsidiaries, of this Commitment Agreement, the Plan and the other Plan Transaction Documents, the compliance by Exide and, if applicable, its Subsidiaries, with all of the
provisions hereof and thereof and the consummation of the transactions contemplated herein and therein, including the Rights Offering, (i) will not conflict with, or result in a breach or violation of, any of the terms or provisions of, or
constitute a default under (with or without notice or lapse of time, or both), or result, except to the extent specified in the Plan, in the acceleration of, or the creation of any Lien under, or cause any payment or consent to be required under,
the DIP Credit Agreements or any Contract to which Exide or any of its Subsidiaries will be bound as of the Closing Date after giving effect to the Plan or to which any of the property or assets of Exide or any of its Subsidiaries will be subject as
of the Closing Date after giving effect to the Plan other than Permitted Liens, except to the extent that any such conflict, breach, violation, or default would not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect; (ii) will not result in any violation of the provisions of the Reorganized Exide Corporate Documents or any of the organization documents of any Subsidiary of Exide except to the extent that any such violation would not,
individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; and (iii) will not result in any material violation of any Law or Order applicable to Exide or any of its Subsidiaries or any of their properties.

  
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 Section 4.7 Consents and Approvals. No material consent, approval, authorization,
order, registration or qualification of or with any Governmental Entity having jurisdiction over Exide or any of its Subsidiaries or any of their properties (each an “Applicable Consent”) is required for the execution and
delivery by Exide and, if applicable, its Subsidiaries of this Commitment Agreement, the Plan and the other Plan Transaction Documents, the compliance by Exide and, if applicable, its Subsidiaries with all of the provisions hereof and thereof and
the consummation of the transactions contemplated herein and therein, including the Rights Offering, except for (i) the entry of the Rights Offering Procedures Order, (ii) the entry of the BCA Approval Order authorizing Exide to execute
and deliver this Commitment Agreement and perform its obligations hereunder and authorizing Exide to perform each of its other obligations hereunder, (iii) the entry of the Confirmation Order, (iv) filings, if any, pursuant to the HSR Act
and the expiration or termination of all applicable waiting periods thereunder or any applicable notification, authorization, approval or consent under any other Antitrust Laws in connection with the transactions contemplated by this Commitment
Agreement, (v) the filing with the Secretary of State of the State of Delaware of the Exide Certificate of Incorporation and the filing of any other corporate documents with applicable state filing agencies, (vi) such consents, approvals,
authorizations, registrations or qualifications as may be required under state securities or Blue Sky laws in connection with the purchase of the Primary Notes and the Backstop Notes by the Backstop Parties, the issuance of the Fee Shares and the
Fee Notes to the Backstop Parties and the issuance of the Rights and the Rights Offering Notes pursuant to the exercise of the Rights, and (vii) any other Applicable Consent. 

Section 4.8 Arm’s Length. Exide acknowledges and agrees that (a) each of the Backstop Parties is acting solely in the
capacity of an arm’s length contractual counterparty to Exide with respect to the transactions contemplated hereby (including in connection with determining the terms of the Rights Offering) and not as a financial advisor or a fiduciary to, or
an agent of, Exide or any of its Subsidiaries and (b) no Backstop Party is advising Exide or any of its Subsidiaries as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. 

Section 4.9 Financial Statements. The consolidated financial statements of Exide included in Annual Report on Form 10-K filed by
Exide with the SEC for the fiscal year ended March 31, 2014 (collectively, the “Financial Statements”), comply in all material respects with the applicable requirements of the Securities Act and the Exchange Act and
present fairly in all material respects the financial position, results of operations and cash flows of Exide and its consolidated subsidiaries, taken as a whole, as of the dates indicated and for the periods specified therein. The Financial
Statements, including the related schedules and notes thereto, have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods and at the dates
covered thereby (except, in the case of unaudited interim financial statements, as permitted by Form 10-Q of the SEC). 
 Section 4.10
Company SEC Documents and Disclosure Statement. Since the Petition Date, Exide has filed all required reports, schedules, forms and statements with 

  
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the SEC. As of their respective dates, and giving effect to any amendments or supplements thereto filed prior to the date of this Commitment Agreement, each of the Company SEC Documents complied
in all material respects with the requirements of the Securities Act or the Exchange Act applicable to such Company SEC Documents. Exide has filed with the SEC all “material contracts” (as such term is defined in Item 601(b)(10) of
Regulation S-K under the Exchange Act) that are required to be filed as exhibits to the Company SEC Documents. No Company SEC Document, after giving effect to any amendments or supplements thereto and to any subsequently filed Company SEC Documents,
in each case filed prior to the date of this Commitment Agreement, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading. The Disclosure Statement as approved by the Bankruptcy Court will conform in all material respects with section 1125 of the Bankruptcy Code. 

Section 4.11 Absence of Certain Changes. From November 25, 2014, to the date hereof, no Event has occurred or exists that
constitutes a Material Adverse Effect. 
 Section 4.12 Compliance with Laws. Neither Exide nor any of its Subsidiaries is or has
been at any time since the Petition Date in violation of any Law or Order (other than Environmental Laws, which are addressed in Section 4.18, and Laws relating to Company Plans, Multiemployer Plans, and Foreign Benefit Plans, which are
addressed in Section 4.20), except for any such violation that would not reasonably be expected to result in a Material Adverse Effect. 

Section 4.13 Legal Proceedings. Other than the Chapter 11 Case and any adversary proceedings or contested motions commenced in
connection therewith, and other than as set forth in the Company SEC Documents, there are no legal, governmental, administrative, judicial or regulatory investigations, audits, actions, suits, claims, arbitrations, demands, demand letters, notices
of non-compliance or violations, or proceedings (“Legal Proceedings”) pending or, to the Knowledge of Exide, threatened in writing to which Exide or any of its Subsidiaries is a party or to which any property of Exide or any
of its Subsidiaries is the subject that constitute a Material Adverse Effect. 
 Section 4.14 Labor Relations. 

(a) There is no labor or employment-related Legal Proceeding pending or, to the Knowledge of Exide, threatened in writing against Exide or
any of its Subsidiaries, by or on behalf of any of their respective employees or such employees’ labor organization, works council, workers’ committee, union representatives or any other type of employees’ representatives appointed
for collective bargaining purposes (collectively “Employee Representatives”), or by any Governmental Entity, except to the extent that any such Legal Proceedings would not reasonably be expected to result in a Material
Adverse Effect. 
 (b) Section 4.14(b) of the Company Disclosure Schedule lists all Collective Bargaining Agreements applicable to
persons employed by Exide or any of its Subsidiaries in the United States in effect as of the date of this Commitment Agreement and the status of any negotiations, in each case as of the date of this Commitment Agreement.

  
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Section 4.14(b) of the Company Disclosure Schedule lists any jurisdiction in which the employees of Exide are represented by a works council or similar entity and, to the Knowledge of Exide,
no other union organizing efforts or Employee Representatives’ elections are underway or threatened with respect to any such employees. There is no strike, lockout, material labor dispute or, to the Knowledge of Exide, threat in writing
thereof, by or with respect to any employees of Exide or any of its Subsidiaries, except to the extent that any such strike, lockout, or material labor dispute would not reasonably be expected to result in a Material Adverse Effect. Neither Exide
nor any of its Subsidiaries is subject to any obligation (whether pursuant to Law or Contract) to notify, inform and/or consult with, or obtain consent from, any Employee Representative regarding the transactions contemplated by this Commitment
Agreement prior to entering into this Commitment Agreement, except as would not reasonably be expected to result in a Material Adverse Effect. 

(c) Neither Exide nor any of its Subsidiaries has, during the ninety (90) day period preceding the date hereof, effectuated a
“plant closing” or a “mass lay-off” (as such terms are defined in the Worker Adjustment and Retraining Notification Act of 1988 (the “WARN Act”), in accordance with the WARN Act. 

Section 4.15 Intellectual Property. Exide or its Subsidiaries own, or hold licenses in, all Intellectual Property that are
necessary to the conduct of its business, and have obtained assignments of all material leases, licenses and other rights of whatever nature, in each case other than Permitted Liens, necessary for the conduct of Exide’s business. Except as
would not reasonably be expected to result in a Material Adverse Effect, to the Knowledge of Exide there is no material Intellectual Property owned by Exide or any of its Subsidiaries that is being infringed, misappropriated or violated
(“Infringed”) by any other Person. Except as would not reasonably be expected to result in a Material Adverse Effect, to the Knowledge of Exide, neither Exide nor its Subsidiaries presently Infringes any material Intellectual
Property of any other Person and no Person has alleged same in writing, except for allegations that have since been resolved or in connection with the Chapter 11 Case and any adversary proceedings or contested motions commenced in connection
therewith. 
 Section 4.16 Title to Real and Personal Property. 

(a) Owned Real Property. Exide or one of its Subsidiaries has good and valid title in fee simple to each Owned Real Property, free and
clear of all Liens, except for (i) Liens that are described in (x) the Company SEC Documents filed prior to the date hereof, (y) the Plan or (z) the Disclosure Statement, or (ii) Permitted Liens. 

(b) Leased Real Property. All Real Property Leases necessary for the operation of the Post-Effective Date Business are valid and
binding on Exide or its relevant Subsidiaries and enforceable in accordance with their terms (subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting
creditors’ rights and to general principles of equity whether applied in a court of law or a court of equity). Neither Exide nor any of its Subsidiaries is in material default or breach under the terms of any material Real Property Lease
necessary for the operation of the Post-Effective Date Business, except (i) as would not reasonably be expected to result in a Material Adverse Effect, (ii) as subject to an applicable order of the Bankruptcy Court with respect to such
leases, or (iii) as a result of the filing of the Chapter 11 Case. 

  
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 (c) Personal Property. Exide or its Subsidiaries has good title or, in the case of leased
assets, a valid leasehold interest, free and clear of all Liens, to all of the material tangible personal property and assets, except for (i) Liens that are described in (x) the Company SEC Documents filed prior to the date hereof,
(y) the Plan or (z) the Disclosure Statement or (ii) Permitted Liens. 
 Section 4.17 No Undisclosed
Relationships. No relationship, direct or indirect, exists between or among Exide or any of its Subsidiaries, on the one hand, and the directors, officers, stockholders, customers or suppliers of Exide or any of its Subsidiaries, on the other
hand, that is required by the Exchange Act to be described in the Company SEC Documents and that is not so described in the Company SEC Documents, except for the transactions contemplated by this Commitment Agreement and the other Plan Transaction
Documents. Any Contract existing as of the date hereof between or among Exide or any of its Subsidiaries, on the one hand, and any directors, officers, stockholders, customers or suppliers of Exide or any of its Subsidiaries, on the other hand, that
is required by the Exchange Act to be described in the Company SEC Documents is filed as an exhibit to, or incorporated by reference as indicated in, the Annual Report on Form 10-K for the year ended March 31, 2014 that Exide filed with the SEC
on July 31, 2014 or another Company SEC Document filed between July 31, 2014 and the date hereof. 
 Section 4.18 Licenses
and Permits. Exide and its Subsidiaries possess all material licenses, certificates, permits and other authorizations issued by, and have made all material declarations and filings with, the appropriate Governmental Entities that are necessary
for the ownership or lease of their respective properties and the conduct of the Post-Effective Date Business in all material respects. Other than as set forth in Section 4.19 of this Commitment Agreement, neither Exide nor any of its
Subsidiaries has received written notice of any revocation or material modification of any such material license, certificate, permit or authorization. 

Section 4.19 Environmental. 

(a) Exide and its Subsidiaries are, and since the Petition Date, have been, in compliance with all applicable Laws relating to the protection
of the environment, natural resources (including wetlands, wildlife, aquatic and terrestrial species and vegetation) or of human health and safety as it relates to Materials of Environmental Concern, or to the management, use, transportation,
treatment, storage, disposal or arrangement for disposal of Materials of Environmental Concern (collectively, “Environmental Laws”), except as would not reasonably be expected to result in a Material Adverse Effect. 

(b) Exide and its Subsidiaries (i) have received and are in compliance with all permits, licenses, and other authorizations required of
them under applicable Environmental Laws to conduct their respective businesses, (ii) are not subject to any action to revoke, terminate, cancel, limit, amend or appeal any such permits, licenses, exemptions or approvals, and (iii) since
the Petition Date, have paid all fees, assessments or expenses due under any such permits, licenses, exemptions or approvals, except, in each case, as would not reasonably be expected to result in a Material Adverse Effect. 

  
 30 

 (c) Except with respect to matters that have been fully and finally settled or resolved, and
except as would not reasonably be expected to result in a Material Adverse Effect, (i) there are no Legal Proceedings under any Environmental Laws pending or, to the Knowledge of Exide, threatened in writing against Exide or any of its
Subsidiaries, and (ii) since the Petition Date, neither Exide nor any of its Subsidiaries has received written notice of any actual or potential liability of Exide for the investigation, remediation or monitoring of any Materials of
Environmental Concern at any location, or for any violation of Environmental Laws. 
 (d) Since the Petition Date, except as would not
reasonably be expected to result in a Material Adverse Effect, none of Exide or any of its Subsidiaries has entered into any consent decree, settlement or other agreement with any Governmental Entity, and none of Exide or any of its Subsidiaries is
subject to any Order, in either case relating to any Environmental Laws or to Materials of Environmental Concern. 
 (e) Since the Petition
Date, to the Knowledge of Exide, none of Exide or any of its Subsidiaries has received written notice of any release, disposal or arrangement for disposal of any Materials of Environmental Concern by Exide or its Subsidiaries or at any real property
currently or formerly owned, leased or operated by Exide, its Subsidiaries or any of their predecessors, that would reasonably be expected to result in a Material Adverse Effect. 

(f) Except as would not reasonably be expected to result in a Material Adverse Effect, neither Exide nor any of its Subsidiaries has assumed
or retained by Contract or operation of Law any liabilities of any other Person under Environmental Laws or concerning any Materials of Environmental Concern. 

(g) To the Knowledge of Exide, except as would not reasonably be expected to result in a Material Adverse Effect, none of the transactions
contemplated under this Commitment Agreement will give rise to any obligations to obtain the consent of or provide notice to any Governmental Entity under any Environmental Laws. 

Section 4.20 Tax Matters. 

(a) All material Tax Returns required to be filed by or with respect to Exide or any of its Subsidiaries (other than the Subsidiaries of
Exide C.V.) have been properly prepared and timely filed, and all such Tax Returns (including information provided therewith or with respect to thereto) are true, complete and correct in all material respects. 

(b) Exide and its Subsidiaries (other than the Subsidiaries of Exide C.V.) have fully and timely paid or will fully pay pursuant to the Plan
all material Taxes owed by such companies (whether or not shown on any Tax Return), or, to the extent any material Taxes are not yet due, such Taxes have been accrued and fully provided for in accordance with GAAP, or will be provided for when
required under GAAP on the financial statements of Exide included in the Company SEC Documents. 

  
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 (c) No material audit or other proceeding by any Governmental Entity is pending or threatened in
writing with respect to any Taxes due from or with respect to Exide or any of its Subsidiaries (other than the Subsidiaries of Exide C.V.), no Governmental Entity has given written notice of any intention to assert any material deficiency or claim
for additional Taxes against Exide or any of its Subsidiaries (other than the Subsidiaries of Exide C.V.), no written claim has been made by any Governmental Entity in a jurisdiction where Exide and its Subsidiaries (other than the Subsidiaries of
Exide C.V.) do not file Tax Returns that they are or may be subject to taxation by that jurisdiction, and all deficiencies for material Taxes asserted or assessed against Exide or any of its Subsidiaries (other than the Subsidiaries of Exide C.V.)
have been fully and timely paid, settled or properly reflected in the financial statements of Exide included in the Company SEC Documents. 

(d) Exide and its Subsidiaries (other than the Subsidiaries of Exide C.V.) have each withheld from their respective employees, creditors,
stockholders and third parties and timely paid to the appropriate Governmental Entity proper and accurate amounts in all material respects in compliance with all Tax withholding and remitting provisions of applicable laws and have each complied in
all material respects with all Tax information reporting provisions of all applicable laws. 
 (e) Neither Exide nor any of its
Subsidiaries (other than the Subsidiaries of Exide C.V.) is a party to any agreement relating to the sharing, allocation or indemnification of Taxes, or any similar agreement, contract or arrangement (other than such agreements (i) that are
entered in the ordinary course of business and (ii) that are not expected to result in a liability for Taxes that is material to Exide and its Subsidiaries) or has any liability for Taxes of any Person (other than members of the affiliated
group, within the meaning of Section 1504(a) of the Code, filing consolidated federal income Tax returns of which Exide is the common parent) under Treasury Regulations Section 1.1502-6, Treasury Regulations Section 1.1502-78 or
similar provision of state, local or foreign Tax law, as a transferee or successor, by contract, or otherwise. 
 (f) Exide has not been a
“United States real property holding corporation” within the meaning of Section 897(c) (2) of the Code at any time during the five (5)-year period ending on the date of this Commitment Agreement. 

(g) Neither Exide nor any of its Subsidiaries (other than the Subsidiaries of Exide C.V.) has participated in any listed transaction within
the meaning of Treasury Regulations Section 1.6011-4(b) (or any similar provision of state, local or foreign Tax law). 
 (h) Neither
Exide nor any of its Subsidiaries (other than the Subsidiaries of Exide C.V.) has constituted a “distributing corporation” or a “controlled corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a
distribution of shares qualifying for tax-free treatment under Section 355 of the Code (i) in the two (2) years prior to the date of this Commitment Agreement or (ii) in a distribution that could otherwise constitute part of a
“plan” or “series of related transactions” (within the meaning of Section 355(e) of the Code) in conjunction with this acquisition. 

(i) There are no material Liens with respect to Taxes upon any of the assets or properties of Exide and its Subsidiaries (other than the
Subsidiaries of Exide C.V.), other than Permitted Liens. 

  
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 Section 4.21 Company Plans. 

(a) (i) Each Company Plan is in compliance with ERISA, the Code, other applicable Laws and its governing documents, except to the extent
any such non-compliance would not reasonably be expected to result in a Material Adverse Effect. (ii) Except as would not reasonably be expected to result in a Material Adverse Effect, (1) each Company Plan that is intended to be a
qualified plan under Section 401(a) of the Code has received a favorable determination letter from the IRS or is composed of a master or prototype plan that has received a favorable opinion letter from the IRS, and, to the Knowledge of Exide,
nothing has occurred that is reasonably likely to result in the loss of the qualification of such Company Plan under Section 401(a) of the Code or the imposition of any material liability, penalty or tax under ERISA or the Code; (2) no
“reportable event,” within the meaning of Section 4043 of ERISA has occurred or is expected to occur for any Company Plan covered by Title IV of ERISA other than as a result of the Chapter 11 Case; (3) all contributions required
to be made under the terms of any Company Plan have been timely made or have been (A) reflected in the financial statements of Exide included in the Company SEC Documents or (B) described in the Plan or Disclosure Statement; and
(4) no liability, claim, action, litigation, audit, examination, investigation or administrative proceeding has been made, commenced or, to the Knowledge of Exide, threatened in writing with respect to any Company Plan (other than
(A) routine claims for benefits payable in the ordinary course, or (B) otherwise in relation to the Chapter 11 Case). 
 (b)
Except as would not reasonably be expected to result in a Material Adverse Effect, (i) no Company Plan (other than any “multiemployer plan” within the meaning of Section 3(37) of ERISA (a “Multiemployer
Plan”)) subject to Section 412 of the Code or Section 302 of ERISA has failed to satisfy the minimum funding standard, within the meaning of Section 412 of the Code or Section 302 of ERISA, or obtained a waiver of
any minimum funding standard and, since the Petition Date, no Company Plan covered by Title IV of ERISA has been terminated and no proceedings have been instituted to terminate or appoint a trustee under Title IV of ERISA to administer any such
Company Plan; and (ii) since the Petition Date, neither Exide nor any of its Subsidiaries has incurred any unsatisfied liability under Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA by reason of being treated as
a single employer together with any other Person under Section 4001 of ERISA or Section 414 of the Code. Exide has made available to the Backstop Parties the most recent actuarial reports and withdrawal liability estimates available to
Exide, to the extent applicable, with respect to each Company Plan. 
 (c) Except as would not reasonably be expected to result in a
Material Adverse Effect, since the Petition Date, Exide and its Subsidiaries have not incurred any withdrawal liability with respect to a Multiemployer Plan under Subtitle E of Title IV of ERISA that has not been satisfied in full, and, to the
Knowledge of Exide, no condition or circumstance exists that presents a reasonable risk of the occurrence of any other withdrawal from or the partition, termination, reorganization or insolvency of any such Multiemployer Plan. 

  
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 (d) Except as would not reasonably be expected to result in a Material Adverse Effect, no
Company Plan provides for post-employment or retiree health, life insurance or other welfare benefits, except for (A) death benefits, (B) benefits required by Section 4980B of the Code or similar Law, or (C) benefits for which
the covered individual pays the full premium cost. 
 (e) Except as would not reasonably be expected to result in a Material Adverse
Effect, neither the execution of this Commitment Agreement or the other Plan Transaction Documents, nor the consummation of the transactions contemplated hereby or thereby will (A) entitle any employees of Exide or any of its Subsidiaries to
severance pay or any increase in severance pay upon any termination of employment after the date hereof, (B) accelerate the time of payment or vesting or result in any payment or funding (through a grantor trust or otherwise) of compensation or
benefits under, increase the amount payable or result in any other material obligation pursuant to, any of the Company Plans, or (C) limit or restrict the right of Exide to merge, amend or terminate any of the Company Plans. 

(f) Except as would not reasonably be expected to result in a Material Adverse Effect, the execution, delivery of and performance by Exide
and its Subsidiaries of its obligations under this Commitment Agreement will not (either alone or upon the occurrence of any additional or subsequent events) result in “excess parachute payments” within the meaning of
Section 280G(b)(1) of the Code or any payments under any other applicable Laws that would be treated in such similar nature to such section of the Code, with respect to any Company Plan that would be in effect immediately after the Closing.

 (g) Except as would not reasonably be expected to result in a Material Adverse Effect, and except as required to maintain the
tax-qualified status of any Company Plan intended to qualify under Section 401(a) of the Code, to the Knowledge of Exide, no condition or circumstance exists that would prevent the amendment or termination of any Company Plan other than a
Company Plan between Exide or any of its Subsidiaries, on the one hand, and an individual employee or director thereof, on the other hand. 

(h) Except as would not reasonably be expected to result in a Material Adverse Effect, each Company Plan that is maintained outside the
jurisdiction of the United States, or that covers any employee residing or working outside the United States (any such Company Plan, “Foreign Benefit Plans”), which, under the Laws of any jurisdiction outside of the United
States, is required or approved by any Governmental Entity, has been so registered and approved and, to the Knowledge of Exide, has been maintained in good standing with applicable material requirements of the Governmental Entities, and if intended
to qualify for special tax treatment, to the Knowledge of Exide, there are no existing circumstances or events that have occurred that could reasonably be expected to adversely affect the special tax treatment with respect to such Foreign Benefit
Plans. 
 Section 4.22 Internal Control Over Financial Reporting. Exide has established and maintains a system of internal
control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act) that complies in all material respects with the requirements of the Exchange Act and has been designed to provide reasonable assurances
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. 

  
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 Section 4.23 Disclosure Controls and Procedures. Exide (i) maintains disclosure
controls and procedures (within the meaning of Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act) designed to ensure that information required to be disclosed by Exide in the reports that it files and submits under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, including that information required to be disclosed by Exide in the reports that it files and submits under the Exchange Act is
accumulated and communicated to management of Exide as appropriate to allow timely decisions regarding required disclosure, and (ii) has disclosed, based upon the most recent evaluation by the Chief Executive Officer and Chief Financial Officer
of Exide of Exide’s internal control over financial reporting, to its auditors and the audit committee of the Board (A) all significant deficiencies and material weaknesses in the design or operation of Exide’s internal control over
financial reporting which are reasonably likely to adversely affect its ability to record, process, summarize and report financial data and (B) any fraud, whether or not material, that involves management or other employees who have a
significant role in Exide’s internal control over financial reporting. 
 Section 4.24 Material Contracts. All Material
Contracts are valid, binding and enforceable by and against Exide or its relevant Subsidiary (except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws limiting creditors’ rights generally or by
equitable principles relating to enforceability), and no written notice to terminate, in whole or part, any Material Contract has been delivered to Exide or any of its Subsidiaries. Other than as a result of the filing of the Chapter 11 Case,
neither Exide nor any of its Subsidiaries nor, to the Knowledge of Exide, any other party to any Material Contract, is in default or breach under the terms thereof. Each Material Contracts to which Exide or any Subsidiary of Exide is a party as of
the date hereof is filed as an exhibit to, or incorporated by reference as indicated in, the Annual Report on Form 10-K for the year ended March 31, 2014 that Exide filed with the SEC on July 31, 2014 or another Company SEC Document filed
between July 31, 2014 and the date hereof. For purposes of this Commitment Agreement, “Material Contract” means any Contract necessary for the operation of the Post-Effective Date Business that is a “material
contract” (as such term is defined in Item 601(b)(10) of Regulation S-K of the SEC or required to be disclosed on a Current Report on Form 8-K). 

Section 4.25 No Unlawful Payments. Since the Petition Date, neither Exide nor any of its Subsidiaries nor any of their respective
directors, officers or employees nor, to the Knowledge of Exide, any agent or other Person acting on behalf of Exide or any of its Subsidiaries, has in any material respect: (a) used any funds of Exide or any of its Subsidiaries for any
unlawful contribution, gift, entertainment or other unlawful expense, in each case relating to political activity; (b) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds;
(c) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977; or (d) made any bribe, rebate, payoff, influence payment, kickback or other similar unlawful payment. 

Section 4.26 Compliance with Money Laundering Laws. The operations of Exide are and have been at all times conducted in compliance
in all material respects with 

  
 35 

 
applicable financial recordkeeping and reporting requirements of the U.S. Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions
in which Exide operates, the rules and regulations promulgated thereunder and any related or similar Laws (collectively, the “Money Laundering Laws”) and no material Legal Proceeding by or before any Governmental Entity or
any arbitrator involving Exide or any of its Subsidiaries with respect to Money Laundering Laws is pending or, to the Knowledge of Exide, threatened. 

Section 4.27 Compliance with Sanctions Laws. Neither Exide nor any of its Subsidiaries nor any of their respective directors,
officers or employees nor, to the Knowledge of Exide, any agent or other Person acting on behalf of Exide or any of its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S.
Treasury Department. Exide will not directly or indirectly use the proceeds of the Rights Offering, or lend, contribute or otherwise make available such proceeds to any Subsidiary of Exide, joint venture partner or other Person, for the purpose of
financing the activities of any Person that, to the Knowledge of Exide, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department. 

Section 4.28 No Broker’s Fees. Neither Exide nor any of its Subsidiaries is a party to any Contract with any Person (other
than this Commitment Agreement) that would give rise to a valid claim against the Backstop Parties for a brokerage commission, finder’s fee or like payment in connection with the Rights Offering or the sale of the Backstop Notes. 

Section 4.29 No Registration Rights. Except as provided for pursuant to the Stockholders Agreement, no Person has the right to
require Exide or any of its Subsidiaries to register the offering and sale of any of their respective securities under the Securities Act. 

Section 4.30 Takeover Statutes. No Takeover Statute is applicable to this Commitment Agreement and the transactions contemplated
herein. 
 Section 4.31 Insurance. All premiums due and payable in respect of material insurance policies maintained by Exide
and its Subsidiaries have been paid. Since the Petition Date, to the Knowledge of Exide, neither Exide nor any of its Subsidiaries has received written notice from any insurer or agent of such insurer with respect to any material insurance policies
of Exide and its Subsidiaries of cancellation or termination of such policies, other than such notices which are received in the ordinary course of business or for policies that have expired on their terms. 

Section 4.32 Investment Company Act. Neither Exide nor any of its Subsidiaries is required to register as an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended. 

  
 36 

 ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF THE BACKSTOP PARTIES 

Each Backstop Party represents and warrants as to itself only as set forth below. 

Section 5.1 Incorporation. To the extent applicable, such Backstop Party is a legal entity duly organized, validly existing and,
if applicable, in good standing (or the equivalent thereof) under the laws of its jurisdiction of incorporation or organization. 

Section 5.2 Corporate Power and Authority. Such Backstop Party has the requisite corporate, limited partnership or limited
liability company power and authority to enter into, execute and deliver this Commitment Agreement and each other Plan Transaction Documents to which such Backstop Party is a party and to perform its obligations hereunder and thereunder and has
taken (or will take) all necessary corporate, limited partnership or limited liability company action required for the due authorization, execution, delivery and performance by it of this Commitment Agreement and the other Plan Transaction Documents
and the consummation of the transactions contemplated hereby and thereby, and no other corporate, limited partnership or limited liability company proceedings on the part of such Backstop Party are or will be necessary to authorize this Commitment
Agreement or any of the other Plan Transaction Documents or to consummate the transactions contemplated hereby or thereby. 

Section 5.3 Execution and Delivery. This Commitment Agreement and each other Plan Transaction Document to which such Backstop
Party is a party (a) has been, or prior to its execution and delivery will be, duly and validly executed and delivered by such Backstop Party and (b) upon entry of the BCA Approval Order and assuming due and valid execution and delivery
hereof and thereof by Exide, will constitute the valid and legally binding obligations of such Backstop Party, enforceable against such Backstop Party in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general principles of equity whether applied in a court of law or a court of equity. 

Section 5.4 No Conflict. Assuming that the consents referred to in clauses (i) and (ii) of Section 5.5 are
obtained, the execution and delivery by such Backstop Party of this Commitment Agreement and, to the extent applicable, the other Plan Transaction Documents, the compliance by such Backstop Party with all of the provisions hereof and thereof and the
consummation of the transactions contemplated herein and therein (i) will not conflict with, or result in a breach or violation of, any of the terms or provisions of, or constitute a default under (with or without notice or lapse of time, or
both), or result in the acceleration of, or the creation of any Lien under, any Contract to which such Backstop Party is a party or by which such Backstop Party is bound or to which any of the properties or assets of such Backstop Party are subject,
(ii) will not result in any violation of the provisions of the certificate of incorporation or bylaws (or comparable constituent documents) of such Backstop Party and (iii) will not result in any material violation of any Law or Order
applicable to such Backstop Party or any of its properties, except, in each of the cases described in clauses (i) and (iii), for any conflict, breach, violation, default, acceleration or Lien which would not reasonably be expected, individually
or in the aggregate, to prohibit, materially delay or materially and adversely impact such Backstop Party’s performance of its obligations under this Commitment Agreement. 

  
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 Section 5.5 Consents and Approvals. No consent, approval, authorization, order,
registration or qualification of or with any Governmental Entity having jurisdiction over such Backstop Party or any of its properties is required for the execution and delivery by such Backstop Party of this Commitment Agreement and, to the extent
applicable, the Plan Transaction Documents, the compliance by such Backstop Party with all of the provisions hereof and thereof and the consummation of the transactions (including the purchase by such Backstop Party of its Backstop Notes)
contemplated herein and therein, except (i) filings, if any, pursuant to the HSR Act and the expiration or termination of all applicable waiting periods thereunder or any applicable notification, authorization, approval or consent under any
other Antitrust Laws in connection with the transactions contemplated by this Commitment Agreement, and (ii) any consent, approval, authorization, order, registration or qualification which, if not made or obtained, will not prohibit,
materially delay or materially and adversely impact such Backstop Party’s performance of its obligations under this Commitment Agreement or the Plan Transaction Documents. 

Section 5.6 No Registration. Such Backstop Party understands that (a) the issuance of the Backstop Notes, the Fee Shares and
the Fee Notes has not been registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities Act, the availability of which depends on, among other things, the bona fide nature of the investment
intent and the accuracy of such Backstop Party’s representations as expressed herein or otherwise made pursuant hereto, and (b) the foregoing notes cannot be sold unless such sale is subsequently registered under the Securities Act or an
exemption from registration is available. 
 Section 5.7 Purchasing Intent. Such Backstop Party is acquiring the Primary Notes,
the Backstop Notes, the Fee Shares and the Fee Notes for its own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof, and such Backstop Party has no present intention of selling,
granting any participation in, or otherwise distributing the same. 
 Section 5.8 Sophistication; Investigation. Such Backstop
Party acknowledges that the issuance of the Primary Notes, the Backstop Notes, the Fee Shares and the Fee Notes has not been registered pursuant to the Securities Act. Such Backstop Party has such knowledge and experience in financial and business
matters such that it is capable of evaluating the merits and risks of its investment in the Primary Notes and the Backstop Notes being acquired hereunder and the Fee Shares and the Fee Notes to be issued to such Backstop Party. Such Backstop Party
is (i) an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of the Securities Act, (ii) a “qualified institutional buyer” within the meaning of Rule 144A of the Securities Act, or
(iii) a “non-U.S. Person” within the meaning of Regulation S under the Securities Act (“Regulation S”) who will acquire any Primary Notes, Backstop Notes, Fee Shares or Fee Notes outside of the United States
within the meaning of Regulation S. Such Backstop Party understands and is able to bear any economic risks associated with such investment (including the necessity of holding such notes for an indefinite period of time). Such Backstop Party has
conducted and relied on its own independent investigation of, and judgment with respect to, Exide and the advice of its own legal, tax, economic, and other advisors. 

  
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 Section 5.9 No Broker’s Fees. Such Backstop Party is not a party to any Contract
with any Person (other than this Commitment Agreement and any Contract giving rise to the Expense Reimbursement hereunder) that would give rise to a valid claim against Exide for a brokerage commission, finder’s fee or like payment in
connection with the Rights Offering or the sale of the Backstop Notes. 
 Section 5.10 Owned Debtor Claims. 

(a) As of the Petition Date, such Backstop Party and its Affiliates were, collectively, the beneficial owner of, or the investment advisor or
manager for the beneficial owner of, the aggregate principal amount of Owned Debtor Claims as reflected in such party’s signature block to the PSA; 

(b) As of the date hereof, such Backstop Party or its applicable Affiliate has the full power to vote, dispose of and compromise at least the
aggregate principal amount of the Owned Debtor Claims listed as beneficially owned by such party as reflected in such party’s signature block to the PSA; 

(c) As of the date hereof, such Backstop Party and its Affiliates were, collectively, the beneficial owner of, or the investment advisor or
manager for the beneficial owner of, the aggregate principal amount of Owned DIP Claims as set forth opposite such Backstop Party’s name under the column titled “Beneficially Controlled Owned DIP Claims” on Schedule 1
attached hereto; 
 (d) As of the date hereof, such Backstop Party or its applicable Affiliate has the full power to vote, dispose of and
compromise at least the aggregate principal amount of the Owned DIP Claims listed as beneficially owned by such Backstop Party under the column titled “Beneficially Controlled Owned DIP Claims” on Schedule 1 attached hereto;

 (e) Each Backstop Party and its Affiliates is a party to this Agreement and the PSA, in their capacities as holders of any Owned Debtor
Claims and Owned DIP Claims; and 
 (f) Other than the PSA, and any agreements or transactions contemplated thereby, such Backstop Party
has not entered into any other agreement to assign, sell, participate, grant, or otherwise transfer, in whole or in part, any portion of its right, title or interest in such Owned Debtor Claims or Owned DIP Claims where such assignment, sale,
participation, grant, conveyance or transfer would prohibit such Backstop Party from complying with the terms of this Commitment Agreement or the PSA. 

Section 5.11 Sufficiency of Funds. Such Backstop Party has, and such Backstop Party on the Plan Effective Date will have,
sufficient immediately available funds to make and complete the payment of the aggregate Purchase Price for its Primary Notes and Backstop Notes. 

  
 39 

 Section 5.12 Legal Proceedings. As of the date hereof, there are no Legal Proceedings
pending or threatened to which such Backstop Party is a party or to which any property of such Backstop Party is the subject that would reasonably be expected to prevent, materially delay or materially impair the ability of such Backstop Party to
consummate the transactions contemplated hereby. 
 Section 5.13 Arm’s Length. Such Backstop Party acknowledges and agrees
that Exide is acting solely in the capacity of an arm’s length contractual counterparty to such Backstop Party with respect to the transactions contemplated hereby (including in connection with determining the terms of the Rights Offering).

 ARTICLE VI 

ADDITIONAL COVENANTS 

Section 6.1 BCA Approval Order and Disclosure Statement Order. Exide shall use its reasonable best efforts, consistent with the
PSA, to (i) obtain the entry of the BCA Approval Order, Disclosure Statement Order, and Rights Offering Procedures Order and (ii) cause the Disclosure Statement Order, the BCA Approval Order, and the Rights Offering Procedures Order to
become Final Orders (including by requesting that such orders be a Final Order immediately upon entry by the Bankruptcy Court pursuant to a waiver of Bankruptcy Rules 3020 and 6004(h), as applicable), in each case, as soon as reasonably practicable
following the filing of the applicable motion seeking entry of each such order. Exide shall provide to each of the Backstop Parties and its counsel copies of the proposed motion seeking entry of the BCA Approval Order, the Rights Offering Procedures
Order, and the Disclosure Statement Order and a copy of the proposed Disclosure Statement Order, Rights Offering Procedures Order and BCA Approval Order and a reasonable opportunity to review and comment on such motions and such orders prior to such
motions and except as otherwise provided in this Commitment Agreement, such orders being filed with the Bankruptcy Court, and such motions and such orders, when filed and upon entry by the Bankruptcy Court (as applicable), shall be in form and
substance reasonably satisfactory to the Requisite Backstop Parties. Any amendments, modifications, changes or supplements to any of the BCA Approval Order, the Disclosure Statement Order, the Rights Offering Procedures Order, and any of the motions
seeking entry of such orders, when filed and upon entry by the Bankruptcy Court (as applicable), shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties except as otherwise provided in this Commitment Agreement. 

Section 6.2 Confirmation Order; Plan and Disclosure Statement. Exide shall use its reasonable best efforts, consistent with the
PSA, to obtain entry of the Confirmation Order. Exide shall provide to each of the Backstop Parties and its counsel a copy of the Plan and the Disclosure Statement and any proposed amendment, modification, supplement or change to any of the
foregoing and a reasonable opportunity to review and comment on such documents and each such amendment, modification, supplement or change to any of the foregoing, when filed and upon entry by the Bankruptcy Court (as applicable), shall be in form
and substance reasonably satisfactory to the Requisite Backstop Parties and Exide. Exide shall provide to each of the Backstop Parties and its counsel a copy of the proposed Confirmation Order (together with copies of any briefs, pleadings and
motions related thereto) and a reasonable opportunity to 

  
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review and comment on such order, briefs, pleadings and motions prior to such order, briefs pleadings and motions being filed with the Bankruptcy Court, and such order, briefs, pleadings and
motions, when filed and upon entry by the Bankruptcy Court (as applicable), shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

Section 6.3 Conduct of Business. Except (i) as explicitly set forth in this Commitment Agreement or otherwise contemplated by
the Company Disclosure Schedule, the Disclosure Statement, or the Plan or (ii) with the prior written consent of Requisite Backstop Parties, during the period from the date of this Commitment Agreement to the earlier of the Closing Date and the
date on which this Commitment Agreement is terminated in accordance with its terms (the “Pre-Closing Period”), (A) Exide shall, and shall cause each of its Subsidiaries to carry on its business in the ordinary course and
use its commercially reasonable efforts to (1) preserve intact its Post-Effective Date Business, (2) keep available the services of its officers and employees and (3) preserve its material relationships with customers, suppliers,
licensors, licensees, distributors and others having business dealings with Exide or its Subsidiaries in connection with the Post-Effective Date Business and (B) Exide shall not, and shall not permit any of its Subsidiaries to, enter into any
transaction that is material to the Post-Effective Date Business other than (w) in the ordinary course of business or to the extent necessary to conduct Exide’s operations in a manner consistent with the financial and business projections
provided to the Backstop Parties prior to the date hereof, (x) other transactions after prior notice to the Backstop Parties to implement tax planning which transactions are not reasonably expected to materially adversely affect any Backstop
Party, (y) transactions expressly contemplated by the PSA, the Plan, this Commitment Agreement, or the other Plan Transaction Documents and (z) such other transactions as are disclosed in the Company Disclosure Schedule or Disclosure
Statement. Notwithstanding any other provision in this Commitment Agreement, nothing in this Commitment Agreement shall give the Backstop Parties, directly or indirectly, any right to control or direct the operations of Exide prior to the Closing
Date. Prior to the Closing Date, Exide shall exercise, consistent with the terms and conditions of this Commitment Agreement, complete control and supervision of the business of Exide. 

Section 6.4 Antitrust Approval. 

(a) Each Party agrees to use commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all
things necessary to consummate and make effective the transactions contemplated by this Commitment Agreement, the Plan, and the other Plan Transaction Documents, including promptly furnishing documents or information reasonably requested by any
Antitrust Authority. 
 (b) Exide and each Backstop Party shall, to the extent permitted by applicable Law: (i) promptly notify each
other of, and if in writing, furnish each other with copies of (or, in the case of material oral communications, advise each other orally of) any communications from or with an Antitrust Authority; (ii) not participate in any meeting with an
Antitrust Authority unless it consults with each other Backstop Party and Exide, as applicable, in advance and, to the extent permitted by the Antitrust Authority and applicable Law, give each other Backstop Party and Exide, as applicable, a
reasonable opportunity to attend and participate thereat; (iii) furnish each other Backstop Party and Exide, as applicable, with copies of all correspondence, filings and communications between such Backstop Party or Exide and the

  
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Antitrust Authority; and (iv) furnish each other Backstop Party with such necessary information and reasonable assistance as may be reasonably necessary in connection with the preparation of
necessary filings or submission of information to the Antitrust Authority. 
 (c) Notwithstanding anything in this Commitment Agreement to
the contrary, nothing shall require any Backstop Party or any of its Affiliates to (i) dispose of, license or hold separate any of its or its Subsidiaries’ or Affiliates’ assets, (ii) limit its freedom of action or the conduct of
its or its Subsidiaries’ or Affiliates’ businesses or make any other behavioral commitments with respect to itself or any of its Subsidiaries or Affiliates, (iii) divest any of its Subsidiaries or its Affiliates, or (iv) commit
or agree to any of the foregoing. Without the prior written consent of the Requisite Backstop Parties, neither Exide nor any of its Subsidiaries shall commit or agree to (i) dispose of, license or hold separate any of its assets or
(ii) limit its freedom of action with respect to any of its businesses or commit or agree to any of the foregoing, in each case, in order to secure any necessary consent or approvals for the transactions contemplated hereby under the Antitrust
Laws. Notwithstanding anything to the contrary herein, neither the Backstop Parties, nor any of their Affiliates, nor Exide or any of its Subsidiaries, shall be required as a result of this Commitment Agreement, to initiate any legal action against,
or defend any litigation brought by, the United States Department of Justice, the United States Federal Trade Commission, or any other Governmental Entity in order to avoid the entry of, or to effect the dissolution of, any injunction, temporary
restraining order or other order in any suit or proceeding which would otherwise have the effect of preventing or materially delaying the transactions contemplated hereby, or which may require any undertaking or condition set forth in the preceding
sentence. 
 Section 6.5 Access to Information. Subject to applicable Law and appropriate assurance of confidential treatment,
upon reasonable notice during the Pre-Closing Period, Exide shall (and shall cause its Subsidiaries to) afford the Backstop Parties and their Representatives upon request reasonable access, during normal business hours and without unreasonable
disruption or interference with its business or operations, to its employees, properties, books, contracts and records and, during the Pre-Closing Period, Exide shall (and shall cause its Subsidiaries to) furnish promptly to such parties all
reasonable information concerning its business, properties and personnel as may reasonably be requested by any such party; provided, that the foregoing shall not require Exide (a) to permit any inspection, or to disclose any information,
that in the reasonable judgment of Exide would cause Exide or any of its Subsidiaries to violate any of their respective obligations with respect to confidentiality to a third party if Exide shall have used its commercially reasonable efforts to
obtain, but failed to obtain, the consent of such third party to such inspection or disclosure, (b) to disclose any legally privileged information of Exide or any of its Subsidiaries or (c) to violate any applicable Laws; provided,
further, that Exide shall deliver to the Backstop Parties a schedule setting forth a description of any requested information not provided to the Backstop Parties pursuant to clauses (a) through (c) above (in the case of clause (a),
to the extent not prohibited from doing so). 
 Section 6.6 Financial Information. 

(a) At all times prior to the Closing Date, Exide shall deliver to each Backstop Party (and its Representatives) that so requests, subject to
appropriate assurance of confidential treatment, all statements and reports Exide is required to deliver to the agent or its 

  
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advisors pursuant to the DIP Credit Agreement (as in effect on the date hereof) (the “Financial Reports”). Neither any waiver of the receipt of the Financial Reports, nor
any amendment, modification, supplement, forbearance or termination of the DIP Credit Agreement shall affect Exide’s obligation to deliver the Financial Reports to the Backstop Parties (and their respective Representatives) in accordance with
the terms of this Commitment Agreement. 
 (b) Information required to be delivered pursuant to Section 5.1(a) of the DIP Credit
Agreement (as in effect on the date hereof) (i) shall be complete and correct in all material respects and shall be prepared in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods and
(ii) shall be deemed to have been delivered in accordance with Section 6.6(a) on the date on which Exide provides written notice to each Backstop Party (and its Representatives) that so requests, that such information has been
posted on Exide’s website on the internet at www.exide.com or is available via the EDGAR system of the SEC on the internet (to the extent such information has been posted or is available as described in such notice). 

(c) At all times prior to the Closing Date, Exide shall use its commercially reasonable efforts to timely file all reports on Forms 10-Q and
10-K with the SEC, including all Financial Statements required to be included in such reports. 
 Section 6.7 Reasonable
Efforts. 
 (a) Without in any way limiting any other respective obligation of Exide or any Backstop Party in this Commitment
Agreement, Exide shall use (and shall cause its Subsidiaries to use), and each Backstop Party shall use, commercially reasonable efforts to take or cause to be taken all actions, and do or cause to be done all things, necessary, proper or advisable
in order to consummate and make effective the transactions contemplated by this Commitment Agreement and the Plan, including using commercially reasonable efforts in: 

(i) timely preparing and filing all documentation reasonably necessary to effect all necessary notices, reports and other filings of such
Party and to obtain as promptly as practicable all consents, registrations, approvals, permits and authorizations necessary or advisable to be obtained from any third party or Governmental Entity; 

(ii) except as set forth in Section 6.4(c), defending any Legal Proceedings challenging (A) this Commitment Agreement, the
Plan or any other Plan Transaction Document, (B) the BCA Approval Order, the Disclosure Statement Order, the Rights Offering Procedures Order, or the Confirmation Order or (C) the consummation of the transactions contemplated hereby and
thereby, including seeking to have any stay or temporary restraining order entered by any Governmental Entity vacated or reversed; 
 (iii)
working together in good faith to finalize the New Second Lien Convertible Notes, Indenture, Stockholders Agreement, Reorganized Exide Corporate Documents, Plan Transaction Documents and all other documents relating thereto for timely inclusion in
the supplements to the Plan and filing with the Bankruptcy Court; and 
 (iv) satisfying to the extent required by Law any consultation or
bargaining obligations with any Employee Representative. 

  
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 (b) Subject to applicable Laws relating to the exchange of information, the Backstop Parties and
Exide shall have the right to review in advance, and to the extent practicable each will consult with the other on all of the information relating to the Backstop Parties or Exide, as the case may be, and any of their respective Affiliates or Exide
and its Subsidiaries that appears in any filing made with, or written materials submitted to, any third party and/or any Governmental Entity in connection with the transactions contemplated by this Commitment Agreement, the Plan, or the other Plan
Transaction Documents; provided, however, that neither Exide nor the Backstop Parties are required to provide for review in advance declarations or other evidence submitted in connection with any filing with the Bankruptcy Court. In
exercising the foregoing rights, each of Exide and the Backstop Parties shall act reasonably and as promptly as practicable. 
 (c) Without
limitation to Sections 6.1 and 6.2, to the extent exigencies permit, Exide shall provide or cause to be provided to counsel to the Backstop Parties a draft of all motions, applications, pleadings, schedules, orders, reports or
other material papers (including all material memoranda, exhibits, supporting affidavits or declarations and evidence and other supporting documentation) in the Chapter 11 Case relating to or affecting the Plan Transaction Documents in advance of
filing the same with the Bankruptcy Court. Except in the case of any declarations or other evidence submitted in connection with any filing with the Bankruptcy Court, all such motions, applications, pleadings, schedules, orders, reports and other
material papers, when filed and upon entry by the Bankruptcy Court (as applicable), shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

(d) Nothing contained in this Section 6.7 shall limit the ability of any Backstop Party to consult with Exide, to appear and be
heard, or to file objections, concerning any matter arising in the Chapter 11 Case to the extent not inconsistent with the PSA or this Commitment Agreement. 

Section 6.8 Exit ABL Revolver Financing; First Lien High Yield Notes; New Second Lien Convertible Notes. (a) Exide agrees to
work in good faith to obtain documentation for the Exit ABL Revolver Financing and the First Lien High Yield Notes on terms in form and substance consistent with the PSA Term Sheet and otherwise reasonably satisfactory to the Requisite Backstop
Parties. Each of the Backstop Parties shall have the right to receive, upon reasonable request, an update by Exide on, and a summary of, any material meetings, discussions or negotiations relating to the Exit ABL Revolver Financing and the issuance
of the First Lien High Yield Notes. 
 (b) Upon issuance and delivery of the New Second Lien Convertible Notes in accordance with this
Commitment Agreement, Exide agrees that it will use its commercially reasonable efforts to cause (i) the Indenture to have terms and provisions reasonably satisfactory to the Requisite Backstop Parties and consistent with the terms therefor
described in the PSA Term Sheet and other terms and provisions that are customary for such notes, including, without limitation, affirmative and negative covenants that are consistent with those governing the First Lien High Yield Notes, with such
adjustments thereto as are reasonable and customary for second-lien secured high-yield notes, (ii) the Intercreditor Agreement to contain the 

  
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terms consistent with the PSA Term Sheet and other terms and provisions that are customary for such an intercreditor agreement and (iii) the Security Documents to contain the terms
consistent with the PSA Term Sheet and other terms and provisions that are customary for such agreements, which terms and provisions are consistent with those governing the corresponding agreements related to the First Lien High Yield Notes. 

Section 6.9 New Board of Directors; Senior Management. Reorganized Exide’s initial board of directors shall consist of such
number of directors as determined by the Requisite Backstop Parties, which directors shall be selected by the Requisite Backstop Parties, it being understood that the size of the board may be increased thereafter from time to time by the action of
the board of directors. Exide agrees to, and agrees to direct the executive search firm retained by Exide to, cooperate with the Requisite Backstop Parties and the executive search consultant retained by the Backstop Parties in the selection of the
board of directors and officers of reorganized Exide. Exide shall implement and adopt a search and hiring process on terms reasonably acceptable to the Requisite Backstop Parties for the hiring of a permanent chief executive officer. Any chief
executive officer selected for Exide shall be reasonably satisfactory to the Requisite Backstop Parties. 
 Section 6.10 Blue
Sky. Exide shall, on or before the Closing Date, take such action as Exide shall reasonably determine is necessary in order to obtain an exemption for, or to qualify the Primary Notes, Backstop Notes, Fee Shares and Fee Notes issued hereunder
for, sale or issuance to the Backstop Parties at the Closing Date pursuant to this Commitment Agreement under applicable securities and “Blue Sky” Laws of the states of the United States (or to obtain an exemption from such qualification)
and any applicable foreign jurisdictions, and shall provide evidence of any such action so taken to the Backstop Parties on or prior to the Closing Date. Exide shall timely make all filings and reports relating to the offer and sale or issuance of
the Primary Notes, Backstop Notes, Fee Shares and Fee Notes issued hereunder required under applicable securities and “Blue Sky” Laws of the states of the United States following the Closing Date. Exide shall pay all fees and expenses in
connection with satisfying the obligations set forth under this Section 6.10. 
 Section 6.11 No Integration; No General
Solicitation. Subject to Section 8.02(d) of the PSA, neither Exide nor any of its Affiliates will, directly or through any agent, sell, offer for sale, solicit offers to buy or otherwise negotiate in respect of, any security (as defined in
the Securities Act), that is or will be integrated with the sale of the Rights Offering Notes, the Rights Offering and this Commitment Agreement in a manner that would require registration of the New Second Lien Convertible Notes to be issued by
Exide on the Plan Effective Date under the Securities Act. Subject to Section 8.02(d) of the PSA, none of Exide or any of its Affiliates or any other Person acting on its or their behalf will solicit offers for, or offer or sell, any Rights
Offering Notes by means of any form of general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D promulgated under the Securities Act or in any manner involving a public offering within the meaning of
Section 4(a)(2) of the Securities Act. 
 Section 6.12 DTC Eligibility. Exide shall use its commercially reasonable efforts
to promptly make all New Second Lien Convertible Notes eligible for deposit with the Depository Trust Company. 

  
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 Section 6.13 Use of Proceeds. Exide will apply the proceeds from the exercise of the
Rights and the sale of the Rights Offering Notes in accordance with and pursuant to the Plan. 
 Section 6.14 Legend.
(a) Each note evidencing New Second Lien Convertible Notes or First Lien High Yield Notes acquired by the Backstop Parties (including any Related Purchaser or Ultimate Purchaser) hereunder or in connection with the Rights Offering, and each
note issued in exchange for or upon the transfer, sale or assignment of any such notes, shall be stamped or otherwise imprinted with a legend (the “Legend”) in substantially the following form: 

“THIS SECURITY (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR ANY OTHER APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN AVAILABLE EXEMPTION FROM REGISTRATION THEREUNDER.” 

The Legend (or restrictive notation) set forth above shall be removed from the notes evidencing any such New Second Lien Convertible Notes or First Lien High
Yield Notes at any time after the restrictions described in such Legend cease to be applicable. Exide may reasonably request such opinions, certificates or other evidence that such restrictions no longer apply. 

(b) Each certificate evidencing New Common Stock acquired by the Backstop Parties (including any Related Purchaser or Ultimate Purchaser)
hereunder or in connection with the Rights Offering, and each certificate issued in exchange for or upon the transfer, sale or assignment of any such notes, shall be stamped or otherwise imprinted with a Legend in substantially the following form:

 “THIS SECURITY (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR ANY OTHER APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN AVAILABLE EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES
REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF THE STOCKHOLDERS AGREEMENT DATED AS OF [            ], 2015 AND MAY NOT BE TRANSFERRED UNLESS SUCH TRANSFER COMPLIES WITH
THE PROVISIONS OF SUCH STOCKHOLDERS AGREEMENT.” 
 The Legend (or restrictive notation) set forth above shall be removed from the certificates
evidencing any such New Common Stock at any time after the restrictions described in such Legend cease to be applicable. Exide may reasonably request such opinions, certificates or other evidence that such restrictions no longer apply. 

Section 6.15 Emergence Available Liquidity. Exide shall, and shall cause its Subsidiaries to, use their respective commercially
reasonable efforts to cause the Emergence Available Liquidity to be no less than the Emergence Available Liquidity Target on the Plan Effective Date. 

  
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 Section 6.16 Compliance at Vernon Facility and Periodic Updates. Exide and its
Subsidiaries shall (i) cooperate with the Requisite Backstop Parties in developing, adopting and implementing a regulatory and environmental compliance strategy for the Vernon Facility reasonably satisfactory to the Requisite Backstop Parties,
including compliance with the DTSC Stipulation, (ii) provide to the Requisite Backstop Parties periodic updates related to regulatory and political developments materially affecting the Vernon Facility and (iii) pursue, in good faith, a
strategy reasonably satisfactory to, and in cooperation with, the Requisite Backstop Parties to address the complaint for civil penalties relating to the Vernon Facility filed by the South Coast Air Quality Management District
(“AQMD”) in the Superior Court of the State of California, County of Los Angeles captioned People of the State of California, ex rel South Coast Air Quality Management District, a Public Entity v. Exide Technologies, Inc.,
and Does 1 through 50, Case No. DC 533528 (the “AQMD Complaint”). 
 Section 6.17 Regulatory Issues
Relating to Frisco, Texas Properties. Exide and its Subsidiaries shall pursue, in good faith, a strategy reasonably satisfactory to, and in cooperation with, the Requisite Backstop Parties to consummate the transactions contemplated by the
Frisco Master Settlement Agreement or shall otherwise pursue, in good faith, a strategy reasonably satisfactory to, and in cooperation with, the Requisite Backstop Parties regarding the regulatory and land-use issues at Frisco, Texas with the
applicable regulators and authorities. 
 Section 6.18 Cooperation Regarding Environmental and Regulatory Compliance. Exide and
its Subsidiaries shall cooperate with the Requisite Backstop Parties regarding on-going diligence relating to environmental matters. 

Section 6.19 Cooperation Regarding Corporate and Tax Planning. Exide and its Subsidiaries shall cooperate with the Requisite
Backstop Parties in developing, adopting and implementing a corporate and tax planning strategy reasonably satisfactory to the Requisite Backstop Parties. 

Section 6.20 WARN Act Compliance. Exide shall provide a schedule as of the Closing Date that sets forth a list of each employee
(if any) who has been terminated involuntarily within the ninety (90) day period prior to the Closing Date, together with such former employee’s work location. 

Section 6.21 Cooperating Regarding Security. Exide and its Subsidiaries shall cooperate with the Requisite Backstop Parties in
creating, perfecting and evidencing all security interests, mortgages, encumbrances and liens on the collateral securing the New Second Lien Convertible Notes pursuant to the Security Documents. 

Section 6.22 Binding Effect. Each Backstop Party and its Affiliates agree to be bound by this Agreement and the PSA, in their
capacities as holders of any Owned Debtor Claims and Owned DIP Claims. 

  
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 ARTICLE VII 

CONDITIONS TO THE OBLIGATIONS OF THE PARTIES 

Section 7.1 Conditions to the Obligations of Each of the Parties. The respective obligations of the Parties to consummate the
transactions contemplated hereby shall (unless waived by all Parties hereto) be subject to the satisfaction of the following conditions: 

(a) BCA Approval Order. The Bankruptcy Court shall have entered the BCA Approval Order, and such order shall be a Final Order and in
form and substance reasonably satisfactory to Exide and the Requisite Backstop Parties. 
 (b) Disclosure Statement Order; Rights
Offering Procedures Order. The Bankruptcy Court shall have entered the Disclosure Statement Order and the Rights Offering Procedures Order, and such orders shall be Final Orders and in form and substance reasonably satisfactory to Exide and the
Requisite Backstop Parties. 
 (c) Confirmation Order. The Bankruptcy Court shall have entered the Confirmation Order, and such
order shall be a Final Order and in form and substance reasonably satisfactory to Exide and the Requisite Backstop Parties. 
 (d) Exit
ABL Revolver Financing; First Lien High Yield Notes. Exide (i) shall have obtained the Exit ABL Revolver Financing, (ii) shall have issued the First Lien High Yield Notes to the lenders under the DIP Credit Agreement, (iii) shall
have executed and delivered the documentation governing the Exit ABL Revolver Financing and the First Lien High Yield Notes, each of which shall be in form and substance reasonably satisfactory to Exide and the Requisite Backstop Parties, and
(iv) all conditions to effectiveness of the Exit ABL Revolver Financing and the documentation governing the First Lien High Yield Notes shall have been satisfied or waived (or will be satisfied and waived substantially concurrently with the
occurrence of the Closing Date). 
 (e) Antitrust Approvals. All terminations or expirations of waiting periods imposed by any
Governmental Entity necessary for the consummation of the transactions contemplated by this Commitment Agreement, including under the HSR Act and any other Antitrust Laws, shall have occurred and all other notifications, consents, authorizations and
approvals required to be made or obtained from any Governmental Entity under any Antitrust Law shall have been made or obtained for the transactions contemplated by this Commitment Agreement. 

(f) Consents. All governmental and third party notifications, filings, consents, waivers and approvals set forth on Schedule 2
and required for the consummation of the transactions contemplated by this Commitment Agreement and the Plan shall have been made or received, except where the failure to make or receive such consent would not reasonably be expected to result in a
Material Adverse Effect. 
 (g) No Legal Impediment to Issuance. No Law or Order shall have been enacted, adopted or issued by any
Governmental Entity that prohibits the implementation of the Plan or the transactions contemplated by this Commitment Agreement. 

  
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 Section 7.2 Conditions to the Obligations of the Backstop Parties. The obligations of
each Backstop Party to consummate the transactions contemplated hereby shall be subject to (unless waived in accordance with Section 7.3) the satisfaction of the following conditions: 

(a) Plan and Plan Transaction Documents. Exide shall have complied, in all material respects, with the terms of the Plan that are to
be performed by Exide on or prior to the Plan Effective Date and the conditions to the occurrence of the Plan Effective Date set forth in the Plan shall have been satisfied or, with the prior consent of the Requisite Backstop Parties, waived in
accordance with the terms thereof and the Plan, and the Plan and all Plan Transaction Documents shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

(b) Rights Offering. The Rights Offering shall have been conducted, in all material respects, in accordance with the Rights Offering
Procedures Order and this Commitment Agreement, and the Rights Offering Expiration Time shall have occurred. 
 (c) Senior Management;
Arrangements with Senior Management. 
 (i) A Chief Executive Officer reasonably satisfactory to the Requisite Backstop Parties shall
have been identified and the terms and conditions of any employment agreement for the Chief Executive Officer shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties, with the term of employment commencing no later
than the Plan Effective Date. 
 (ii) (x) The identity and employment agreement or other compensation agreement (in form and
substance) of each individual to be appointed and/or hired to serve as a member of the senior management of Exide from and after the Closing Date shall be reasonably satisfactory to the Requisite Backstop Parties, (y) any KEIP or LTIP provided
for in the Plan shall be in form and substance reasonably satisfactory to the Requisite Backstop Parties and (z) any payout under such KEIP or LTIP on the Effective Date shall be reasonably acceptable to the Requisite Backstop Parties. 

(d) D&O Policies. The terms and conditions of the director and officer liability insurance policies of Exide provided for in the
Plan and in effect from and after the Plan Effective Date shall be reasonably satisfactory to the Requisite Backstop Parties. 
 (e)
Expense Reimbursement. Exide shall have paid all Expense Reimbursement accrued through the Closing Date pursuant to Section 3.3. 

(f) Disclosure Schedules. Any Company Disclosure Schedules delivered by Exide after the date hereof shall be in form and substance
reasonably satisfactory to the Requisite Backstop Parties. 
 (g) Representations and Warranties. (A) The representations and
warranties of Exide contained in this Commitment Agreement that are qualified as to materiality or similar qualifiers, and the representation and warranty contained in Section 4.11, shall be true and correct in all respects both on and
as of the date hereof and as of the Closing Date, with the 

  
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same force and effect as though made on and as of such date (except to the extent that any such representation or warranty is made as of a specified date, in which case such representation or
warranty shall be true and correct in all respects as of such specified date) and (B) the representations and warranties of Exide contained in this Commitment Agreement that are not so qualified shall be true and correct in all material
respects on and as of the date hereof and as of the Closing Date with the same force and effect as though made on and as of such date (except to the extent that any such representation or warranty is made as of a specified date, in which case such
representation or warranty shall be true and correct in all material respects as of such specified date). 
 (h) Covenants. Exide
shall have performed or complied with, or caused its Subsidiaries to have performed or complied with, in all material respects, all covenants and agreements required to be performed or complied with under this Commitment Agreement and in connection
with the transactions contemplated by this Commitment Agreement. 
 (i) Officer’s Certificate. The Backstop Parties shall have
received on and as of the Closing Date a certificate of Exide in form and substance reasonably satisfactory to the Requisite Backstop Parties, signed on behalf of Exide by each of its Chief Executive Officer and Chief Financial Officer, to the
effect that the conditions set forth in Sections 7.2(g), 7.2(h), 7.2(j) and 7.2(k) have been satisfied. 
 (j)
Emergence Available Liquidity. The Emergence Available Liquidity shall be no less than the Emergence Available Liquidity Target. 

(k) Material Adverse Effect. (i) From the date hereof to the Closing Date, there shall not have occurred, and there shall not
exist, any Event that could reasonably be considered to result in a Material Adverse Effect and (ii) the Backstop Parties shall have received on and as of the Closing Date a certificate of the chief executive officer or chief financial officer
of Exide confirming the same. 
 (l) PSA. The PSA shall be in full force and effect and shall not have been terminated in accordance
with its terms, and there shall not exist any default thereunder by any party. 
 (m) Equity Securities of Exide. On the Closing
Date, other than the Fee Shares, the shares of New Common Stock to be issued to holders of Senior Secured Note Claims, the shares of New Common Stock to be issued in payment of each of the DIP/Second Lien Conversion Funding Fee and the DIP/Second
Lien Backstop Commitment Fee (each as defined in the Plan) and those shares of New Common Stock reserved for issuance upon the conversion of the New Second Lien Convertible Notes and the exercise of stock options and other rights to purchase or
acquire shares of New Common Stock granted in connection with the new LTIP in accordance with the Plan or any other employment arrangement approved by the Requisite Backstop Parties, no shares of New Common Stock or options, warrants or other rights
to acquire equity securities of Exide will be outstanding. 
 (n) DIP Credit Agreement. Exide shall provide evidence to the Backstop
Parties, in form and substance reasonably satisfactory to each Backstop Party, that no 

  
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Event of Default occurred or is continuing under the DIP Credit Agreement, 100% of DIP Term Loan Claims consent to the treatment of DIP Term Loan Claims set forth in the Plan, and, substantially
concurrently with the issuance of the New Second Lien Convertible Notes and the First Lien High Yield Notes and the execution of the documentation governing the Exit ABL Revolver Financing, all obligations under the DIP Credit Agreement (other than
contingent obligations not then due and payable) will have been satisfied in full, all commitments under the DIP Credit Agreement will have been terminated and all liens and security interests related to the DIP Credit Agreement will have been
terminated or released. 
 (o) Indenture and Other Related Documents. The Indenture, the Security Documents and the Intercreditor
Agreement shall have been executed and delivered by Exide and the other parties thereto. 
 (p) Opinions. Exide shall deliver such
customary opinions of counsel to Exide, dated as of the Closing Date and addressed to the Backstop Parties that are customary for the purchase and sale of the New Second Lien Convertible Notes and the transactions contemplated by this Commitment
Agreement, including as may be customary and consistent with local practice in the relevant jurisdictions and in each case in form and substance reasonably satisfactory to the Requisite Backstop Parties. 

(q) Delivery of Financial Reports. Exide shall have delivered the Financial Reports and Financial Statements to each Backstop Party
that so requests and its Representatives. 
 (r) Deregistration of Common Stock. Exide shall take all actions necessary for the
termination of registration of the common stock, par value $0.01 per share (the “Common Stock”) under Section 12(b) of the Exchange Act, including preparing and filing or causing to be filed with the SEC on or prior to
the Effective Date a Form 25 or any other form necessary to be filed to deregister the Common Stock. 
 (s) Satisfactory Due Diligence
Review. On or before three (3) Business Days prior to the hearing before the Bankruptcy Court to consider the BCA Approval Motion, the Backstop Parties shall have completed a due diligence review of Exide in form and substance satisfactory
to the Requisite Backstop Parties in their sole discretion. 
 (t) Pending Legal Actions. The Requisite Backstop Parties shall be
reasonably satisfied that any fines, penalties or other damages payable by Exide, reorganized Exide or any of its Subsidiaries relating to or arising from (w) the AQMD Complaint, (x) the DOJ Investigation, (y) any Vernon Legal Action,
or (z) any European antitrust investigation regarding members of local trade associations in the traction/motive power batteries segment of the industry in which Exide and its Subsidiaries operate, shall not result in any material post-petition
or post-confirmation liability of reorganized Exide and its Subsidiaries, taken as a whole. 
 Section 7.3 Waiver of Conditions to
Obligation of Backstop Parties. Except for the condition set forth in Section 7.2(n) (which may only be waived in whole or in part by a written instrument executed by each Backstop Party), any other conditions set forth in

  
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Section 7.2 may only be waived in whole or in part with respect to all Backstop Parties by a written instrument executed by the Requisite Backstop Parties in their sole discretion and
if so waived, all Backstop Parties shall be bound by such waiver; provided, that notwithstanding the foregoing, any one or more Requisite Backstop Parties that desire to waive all or any of the conditions set forth in Section 7.1
(such Backstop Party or Backstop Parties, the “Waiving Backstop Parties”) may require any other Backstop Parties that are not willing to waive the applicable conditions (the “Non-Waiving Backstop
Parties”), and such Non-Waiving Backstop Parties shall upon written request by the Waiving Backstop Parties be so required, to transfer and assign to the Waiving Backstop Parties all of the Non-Waiving Backstop Parties’ Backstop
Commitment in accordance with the Waiving Backstop Parties’ pro rata share (based on the aggregate Commitment of the Waiving Backstop Parties) of the Non-Waiving Backstop Parties’ Backstop Commitment or as otherwise reasonably agreed upon
by such Waiving Backstop Parties. 
 Section 7.4 Conditions to the Obligation of Exide. The obligation of Exide to consummate
the transactions contemplated hereby is subject to (unless waived by Exide) the satisfaction of each of the following conditions: 
 (a)
Conditions to the Plan. Exide shall be satisfied that the conditions to the occurrence of the Plan Effective Date as set forth in the Plan and in the Confirmation Order shall have been satisfied or waived in accordance with the terms thereof
and the Plan. 
 (b) PSA. The PSA shall be in full force and effect and shall not have been terminated in accordance with its terms,
and there shall not exist any default thereunder by any party other than Exide. 
 (c) Representations and Warranties. The
representations and warranties of each Backstop Party contained in this Commitment Agreement shall be true and correct in all material respects at and as of the Closing Date with the same effect as if made on and as of the Closing Date (except for
such representations and warranties made as of a specified date, which shall be true and correct in all material respects only as of the specified date). 

(d) Covenants. Each of the Backstop Parties shall have performed and complied, in all material respects, with all of its covenants and
agreements contained in this Commitment Agreement and in any other document delivered pursuant to this Commitment Agreement. 
 ARTICLE
VIII 
 INDEMNIFICATION AND CONTRIBUTION 

Section 8.1 Indemnification Obligations. Following the entry of the BCA Approval Order, Exide (the “Indemnifying
Party”) shall indemnify and hold harmless each Backstop Party, its Affiliates, shareholders, members, partners and other equity holders, general partners, managers, and its and their respective Representatives, agents and controlling
persons (each, an “Indemnified Person”) from and against any and all losses, claims, damages, liabilities and costs and expenses (other than Taxes of the Backstop Parties, except to the extent

  
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otherwise provided for in this Commitment Agreement) (collectively, “Losses”) that any such Indemnified Person may incur or to which any such Indemnified Person may become
subject arising out of this Commitment Agreement, the Plan and the transactions contemplated hereby and thereby, including the Backstop Commitment, the Rights Offering, the payment of the Backstop Commitment Fee or the use of the proceeds of the
Rights Offering, or any breach by Exide or any of its Subsidiaries of this Commitment Agreement, or any claim, challenge, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any Indemnified Person is a
party thereto, whether or not such proceedings are brought by Exide, its equity holders, Affiliates, creditors or any other Person, and reimburse each Indemnified Person upon demand for reasonable and documented (with such documentation subject to
redaction to preserve attorney client and work product privileges) legal or other third-party expenses incurred in connection with investigating, preparing to defend or defending, or providing evidence in or preparing to serve or serving as a
witness with respect to, any lawsuit, investigation, claim or other proceeding relating to any of the foregoing (including in connection with the enforcement of the indemnification obligations set forth herein), irrespective of whether or not the
transactions contemplated by this Commitment Agreement or the Plan are consummated or whether or not this Commitment Agreement is terminated; provided, that the foregoing indemnity will not, as to any Indemnified Person, apply to Losses
(a) as to a Defaulting Backstop Party and its Related Parties, caused by a Backstop Party Default by such Backstop Party, or (b) to the extent they are found by a final, non-appealable judgment of a court of competent jurisdiction to arise
from the fraud, willful misconduct or gross negligence of such Indemnified Person. Notwithstanding anything to the contrary in this Commitment Agreement, the Indemnifying Party will not be liable for, and no Indemnified Person shall claim or seek to
recover, any punitive, special, indirect or consequential damages or damages for lost profits. 
 Section 8.2 Indemnification
Procedure. Promptly after receipt by an Indemnified Person of notice of the commencement of any claim, challenge, litigation, investigation or proceeding (an “Indemnified Claim”), such Indemnified Person will, if a claim
is to be made hereunder against the Indemnifying Party in respect thereof, notify the Indemnifying Party in writing of the commencement thereof; provided, that (i) the omission to so notify the Indemnifying Party will not relieve the
Indemnifying Party from any liability that it may have hereunder except to the extent it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure and (ii) the omission to so notify the
Indemnifying Party will not relieve the Indemnifying Party from any liability that it may have to such Indemnified Person otherwise than on account of this Article VIII. In case any such Indemnified Claims are brought against any Indemnified
Person and it notifies the Indemnifying Party of the commencement thereof, the Indemnifying Party will be entitled to participate therein, and, to the extent that it may elect by written notice delivered to such Indemnified Person, to assume the
defense thereof, with counsel reasonably acceptable to such Indemnified Person; provided, that if the parties (including any impleaded parties) to any such Indemnified Claims include both such Indemnified Person and the Indemnifying Party and
based on advice of such Indemnified Person’s counsel there are legal defenses available to such Indemnified Person that are different from or additional to those available to the Indemnifying Party, such Indemnified Person shall have the right
to select separate counsel to assert such legal defenses and to otherwise participate in the defense of such Indemnified Claims. Upon receipt of notice from the Indemnifying Party to such Indemnified Person of its election to so assume the defense
of such Indemnified Claims with counsel reasonably acceptable to the Indemnified Person, 

  
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the Indemnifying Party shall not be liable to such Indemnified Person for expenses incurred by such Indemnified Person in connection with the defense thereof (other than reasonable costs of
investigation) unless (A) such Indemnified Person shall have employed separate counsel (in addition to any local counsel) in connection with the assertion of legal defenses in accordance with the proviso to the immediately preceding sentence
(it being understood, however, that the Indemnifying Party shall not be liable for the expenses of more than one separate counsel representing the Indemnified Persons who are parties to such Indemnified Claims (in addition to one local counsel in
each jurisdiction in which local counsel is required) and that all such expenses shall be reimbursed as they occur), (B) the Indemnifying Party shall not have employed counsel reasonably acceptable to such Indemnified Person to represent such
Indemnified Person within a reasonable time after the Indemnifying Party has received notice of commencement of the Indemnified Claims from, or delivered on behalf of, the Indemnified Person, (C) after the Indemnifying Party assumes the defense
of the Indemnified Claims, the Indemnified Person determines in good faith that the Indemnifying Party has failed or is failing to defend such claim, and provides written notice of such determination and the basis for such determination and such
failure is not reasonably cured within ten (10) Business Days of receipt of such notice, or (D) the Indemnifying Party shall have authorized in writing the employment of counsel for such Indemnified Person. Notwithstanding anything herein
to the contrary, Exide and its Subsidiaries shall have sole control over any Tax controversy or Tax audit and shall be permitted to settle any liability for Taxes of Exide and its Subsidiaries. 

Section 8.3 Settlement of Indemnified Claims. In connection with any Indemnified Claim for which an Indemnified Person is assuming
the defense in accordance with this Article VIII, the Indemnifying Party shall not be liable for any settlement, compromise, consent to the entry of any judgment or judgment with respect to any Indemnified Claims effected by such Indemnified
Person without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld, conditioned or delayed). If any settlement, compromise, consent to the entry of any judgment or judgment with respect to any Indemnified
Claims is consummated with the written consent of the Indemnifying Party or if there is a final judgment for the plaintiff in any such Indemnified Claims, the Indemnifying Party agrees to indemnify and hold harmless each Indemnified Person from and
against any and all Losses by reason of such settlement, compromise, consent to the entry of any judgment or judgment to the extent such Losses are otherwise subject to indemnification by the Indemnifying Party hereunder in accordance with, and
subject to the limitations of, the provisions of this Article VIII. Notwithstanding anything in this Article VIII to the contrary, if at any time an Indemnified Person shall have requested the Indemnifying Party to reimburse such
Indemnified Person for legal or other expenses in connection with investigating, responding to or defending any Indemnified Claims as contemplated by this Article VIII, the Indemnifying Party shall be liable for any settlement, compromise,
consent to the entry of any judgment or judgment with respect to any Indemnified Claims effected without its written consent if (i) such settlement, compromise or consent is entered into more than forty-five (45) days after receipt by the
Indemnifying Party of such request for reimbursement and (ii) the Indemnifying Party shall not have reimbursed such Indemnified Person in accordance with such request prior to the date of such settlement, compromise or consent. The Indemnifying
Party shall not, without the prior written consent of an Indemnified Person (which consent shall be granted or withheld, conditioned or delayed in the Indemnified Person’s sole discretion), effect any settlement, compromise or consent to the
entry of judgment with respect to any pending or threatened Indemnified Claims in respect of which 

  
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indemnity or contribution has been sought hereunder by such Indemnified Person unless (A) such settlement, compromise or consent includes an unconditional release of such Indemnified Person
in form and substance satisfactory to such Indemnified Person from all liability on the claims that are the subject matter of such Indemnified Claims and (B) such settlement, compromise or consent does not include any statement as to or any
admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. No Indemnified Person shall be liable to Exide or any of its Affiliates for any damages arising from the use by unauthorized persons of any information
made available to the Backstop Parties by Exide or any of its representatives through electronic telecommunications or other information transmissions systems that are intercepted by such persons. 

Section 8.4 Contribution. If for any reason the foregoing indemnification is unavailable to any Indemnified Person or insufficient
to hold it harmless from Losses that are subject to indemnification pursuant to Section 8.1, then the Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Person as a result of such Loss in such
proportion as is appropriate to reflect not only the relative benefits received by the Indemnifying Party, on the one hand, and such Indemnified Person, on the other hand, but also the relative fault of the Indemnifying Party, on the one hand, and
such Indemnified Person, on the other hand, as well as any relevant equitable considerations. It is hereby agreed that the relative benefits to the Indemnifying Party, on the one hand, and all Indemnified Persons, on the other hand, shall be deemed
to be in the same proportion as (a) the total value received or proposed to be received by Exide pursuant to the issuance and sale of the Rights Offering Notes in the Rights Offering as contemplated by this Commitment Agreement and the Plan
bears to (b) the Backstop Commitment Fee paid or proposed to be paid to the Backstop Parties (applying a liquidity discount as appropriate). The Indemnifying Parties also agree that no Indemnified Person shall have any liability based on their
comparative or contributory negligence or otherwise to the Indemnifying Parties, any Person asserting claims on behalf of or in right of any of the Indemnifying Parties, or any other Person in connection with an Indemnified Claim. The amount paid or
payable by an Indemnified Person as a result of Losses referred to above in this Section 8.4 shall be deemed to include, for purposes of this Section 8.4, any legal or other expenses reasonably incurred by such Indemnified
Person in connection with investigating or defending any such action or claim. 
 Section 8.5 Treatment of Indemnification
Payments. All amounts paid by the Indemnifying Party to an Indemnified Person under this Article VIII shall, to the extent permitted by applicable Law, be treated as adjustments to the Purchase Price for all Tax purposes. The provisions
of this Article VIII are an integral part of the transactions contemplated by this Commitment Agreement and without these provisions the Backstop Parties would not have entered into this Commitment Agreement, and the obligations of Exide
under this Article VIII shall constitute allowed administrative expenses of the Debtor’s estate under sections 503(b) and 507 of the Bankruptcy Code and are payable without further Order of the Bankruptcy Court, and, subject to
entry of the BCA Approval Order, Exide may comply with the requirements of this Article VIII without further order of the Bankruptcy Court. 

Section 8.6 No Survival. All representations, warranties, covenants and agreements made in this Commitment Agreement shall not
survive the Closing Date except for covenants and agreements that by their terms are to be satisfied after the Closing Date, which covenants and agreements shall survive until satisfied in accordance with their terms, and except as set forth in
Section 9.2 of this Commitment Agreement. 

  
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 ARTICLE IX 

TERMINATION 

Section 9.1 Termination Rights. This Commitment Agreement may be terminated and the transactions contemplated hereby may be
abandoned at any time prior to the Closing Date (including at any time prior to and after entry of the BCA Approval Order): 
 (a) by
mutual written consent of Exide and the Requisite Backstop Parties; 
 (b) pursuant to Section 2.3(a), by Exide by written
notice to each Backstop Party; 
 (c) by Exide by written notice to each Backstop Party or by the Requisite Backstop Parties by written
notice to Exide if any Law or Order shall have been enacted, adopted or issued by any Governmental Entity, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Commitment Agreement or the
other Plan Transaction Documents; 
 (d) by the Requisite Backstop Parties upon written notice to Exide: 

(i) if any of the BCA Approval Order, the Disclosure Statement Order, the Rights Offering Procedures Order, or the Confirmation Order does
not become a Final Order by the Outside Date; 
 (ii) if the Bankruptcy Court does not enter any of the BCA Approval Order, the Disclosure
Statement Order, the Rights Offering Procedures Order, or the Confirmation Order, or the Bankruptcy Court enters such orders in form and substance that in each case is not reasonably satisfactory to the Requisite Backstop Parties, or any such order
is not effective upon or after entry; 
 (iii) if any of the BCA Approval Order, the Disclosure Statement Order, the Rights Offering
Procedures Order, the Confirmation Order or the Final DIP Order is reversed, stayed, dismissed, vacated, reconsidered or is modified or amended after entry in a manner that is not reasonably satisfactory to the Requisite Backstop Parties; 

(iv) if an examiner (with expanded powers beyond those set forth in section 1106(a)(3) and (4) of the Bankruptcy Code), or a trustee or
receiver or other responsible officer shall have been appointed in the Chapter 11 Case; 
 (v) if the entry of a ruling or order by the
Bankruptcy Court or any other court with appropriate jurisdiction which, in each case, would have the effect of preventing consummation of or that would materially alter the treatment of the Backstop Parties under the Plan (whether in its capacity
as a Backstop Party or a holder of the Senior Secured 

  
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Notes), it being understood that among other things, the occurrence of any of the following shall constitute a material alteration of the treatment of the Backstop Parties: (i) any adverse
ruling materially affecting the collateral (as set forth in the Senior Secured Indenture and related documents) securing the Secured Note Claims, including collateral granted as part of adequate protection (the “Senior Secured Notes
Collateral”) inconsistent with the Final DIP Order (including the representations contained therein), (ii) any other lifting the automatic stay of section 362 of the Bankruptcy Court or a material portion of the Senior Secured
Notes Collateral; (iii) the appointment of a statutory committee of equity security holders under section 1102 of the Bankruptcy Code, or (iv) any action taken by any Governmental Entity against any of Exide’s facilities in the United
States or elsewhere that would reasonably be expected to materially adversely impact the operations of such facility; provided, however, that Exide shall have thirty (30) days after issuance of such injunction, judgment, decree,
charge or ruling or order to obtain relief that would allow consummation of the Restructuring Transactions that (i) does not prevent or diminish in a material way compliance with the terms of this Commitment Agreement or (ii) is otherwise
reasonably satisfactory to the Requisite Backstop Parties; and; 
 (vi) if Exide shall have breached any representation, warranty, covenant
or other agreement made by Exide in this Commitment Agreement or any such representation and warranty shall have become inaccurate after the date of this Commitment Agreement, and such breach or inaccuracy would, individually or in the aggregate,
result in a failure of a condition set forth in Section 7.2(f), Section 7.2(g), Section 7.2(h) or Section 7.2(i), if continuing on the Closing Date, being satisfied and such breach or inaccuracy is not
cured by Exide by the earlier of (A) the seventh (7th) day after the giving of notice thereof to Exide by any Backstop Party and (B) the third (3rd) day prior to the Outside Date; provided, that the Backstop Parties shall
not have the right to terminate this Commitment Agreement pursuant to this Section 9.1(d)(vi) if they are then in breach of any representation, warranty, covenant or other agreement hereunder that would result in the failure of any
condition set forth in Section 7.4 being satisfied; 
 (vii) upon the occurrence of the Termination Date under the PSA or the
PSA is otherwise terminated in accordance with its terms; 
 (viii) if (A) a DIP Event of Default has occurred and is continuing
unwaived or not subject to a forbearance for more than three (3) Business Days, (B) an acceleration of the obligations or termination of commitments under the DIP Credit Agreement, or (C) a modification or amendment of the Final DIP
Order that is not satisfactory, in their sole discretion, to the Requisite Backstop Parties; 
 (ix) if any of this Commitment Agreement,
the PSA, DIP Credit Agreement, Rights Offering Procedures, Disclosure Statement, Plan or any documents related to the Plan, including notices, exhibits or appendices, or any of the Plan Transaction Documents is amended or modified in any material
respect or withdrawn without the prior written consent of the Requisite Backstop Parties such that any such document is not in form and substance reasonably satisfactory to the Requisite Backstop Parties; 

  
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 (x) upon the occurrence of a Material Adverse Effect, which continues to exist following
delivery of written notice thereof to Exide by the Requisite Backstop Parties and following a reasonable opportunity for Exide to cure such Material Adverse Effect; 

(xi) upon Exide’s (a) failure to comply with the DTSC Stipulation such that Exide’s stipulated penalties for non-compliance
under the DTSC Stipulation would reasonably be expected to result in a material post-petition payment by Exide or the reorganized Exide, or (b) failure to post Financial Assurance (as defined in the DTSC Stipulation) in accordance with the
terms of the DTSC Stipulation; 
 (xii) upon the termination or rescission of the DTSC Stipulation, or any modification or amendment of the
DTSC Stipulation that is not reasonably acceptable to the Requisite Backstop Parties; or 
 (xiii) upon the Frisco Master Settlement
Agreement being validly terminated without Exide’s consent; 
 (e) by any Backstop Party: 

(i) If Exide seeks approval of, or the Bankruptcy Court approves, a Sale that is not satisfactory to each Backstop Party, in its sole
discretion; 
 (ii) if Exide (a) files, propounds, or otherwise publicly supports or announces that the Debtor or any of its
subsidiaries will support any Sale not acceptable to each Backstop Party, in its sole discretion, or an Alternative Transaction, including any plan of reorganization (other than the Plan), or (b) files any motion or application seeking
authority to sell any material assets, in each case, without the prior written consent of each Backstop Party; 
 (iii) upon Exide or any
of its senior management being informed that it will be, or has been, indicted in connection with the DOJ Investigation or any other investigation by any Governmental Entity, or if the DOJ Investigation is not resolved, or is not resolved in a
manner that is in form and substance satisfactory to each Backstop Party; or 
 (iv) pursuant to Section 2.3(a), by any
Backstop Party by written notice to Exide; provided, however, that this Commitment Agreement shall remain in effect with respect to any Backstop Party who does not so terminate this Agreement pursuant to Section 2.3(a);

 (f) by any Backstop Party that terminates its obligations under the PSA pursuant to section 8.05(a) of the PSA; 

(g) by Exide or any Backstop Party (other than a Defaulting Backstop Party) if the Closing Date has not occurred by 11:59 p.m., New York City
time on or before March 31, 2015 (as it may be extended pursuant to this Section 9.1(g), the “Outside Date”); provided that, upon the occurrence of a Backstop Party Default, the Outside Date shall be
extended in accordance with Section 2.3(a) during a Cover Transaction Period; 

  
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 (h) by Exide upon written notice to each Backstop Party if, subject to the right of the Backstop
Parties to arrange a Backstop Party Replacement in accordance with Section 2.3(a), any Backstop Party shall have breached any representation, warranty, covenant or other agreement made by such Backstop Party in this Commitment Agreement
or any such representation and warranty shall have become inaccurate after the date of this Commitment Agreement, and such breach or inaccuracy would, individually or in the aggregate, result in a failure of a condition set forth in
Section 7.1 or Section 7.4, if continuing on the Closing Date, being satisfied and such breach or inaccuracy is not cured by such Backstop Party by the earlier of (A) the seventh (7th) day after the giving of notice
thereof to such Backstop Party by Exide and (B) the third (3rd) day prior to the Outside Date; provided, that Exide shall not have the right to terminate this Commitment Agreement pursuant to this Section 9.1(h) if it is
then in breach of any representation, warranty, covenant or other agreement hereunder that would result in the failure of any condition set forth in Section 7.1 or Section 7.2 being satisfied; or 

(i) by Exide, if Exide shall terminate the PSA pursuant to Section 8.02(d) thereof in accordance with Exide’s fiduciary duties
referenced in Section 4.02(c) thereof. 
 Section 9.2 Effect of Termination. (a) Upon termination of this Commitment
Agreement pursuant to this Article IX, this Commitment Agreement shall forthwith become void and there shall be no further obligations or liabilities on the part of Exide or the Backstop Parties; provided, that (i) the obligations
of Exide to pay the Expense Reimbursement pursuant to Article III and to satisfy their indemnification obligations pursuant to Article VIII and to pay the Backstop Commitment Fee pursuant to Section 3.2 shall survive the
termination of this Commitment Agreement indefinitely and shall remain in full force and effect, in each case, until such obligation shave been satisfied, (ii) the provisions set forth in this Section 9.2 and Article X shall
survive the termination of this Commitment Agreement in accordance with their terms and (iii) nothing in this Section 9.2 shall relieve any Party from liability for any willful or intentional breach of this Commitment Agreement. For
purposes of this Commitment Agreement, “willful or intentional breach” shall mean a breach of this Commitment Agreement that is a consequence of an act undertaken by the breaching party with the knowledge (actual or constructive) that the
taking of such act would, or would reasonably be expected to, cause a breach of this Commitment Agreement. 
 (b) Upon consummation of a
Sale or Alternative Transaction, Exide shall pay in cash a fee equal to three percent (3.0%) of the Commitment Amount, calculated in accordance with Section 3.2, to the Backstop Parties (including any Replacing Backstop Parties and
Ultimate Purchasers, but excluding any Defaulting Backstop Parties) or their designees, based upon their respective Aggregate Commitment Amounts. 

  
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 ARTICLE X 

GENERAL PROVISIONS 

Section 10.1 Notices. All notices and other communications in connection with this Commitment Agreement shall be in writing and
shall be deemed given if delivered personally, sent via electronic facsimile (with confirmation), mailed by registered or certified mail (return receipt requested), sent via e-mail or delivered by an express courier (with confirmation) to the
Parties at the following addresses (or at such other address for a Party as will be specified by like notice): 
 (a) If to Exide, to: 

Exide Technologies 
 13000
Deerfield Parkway 
 Building 200 

Milton, Georgia 3004 

Attention: Phillip A. Damaska, Barbara Hatcher 

E-mail address: phillip.damaska@exide.com, barbara.hatcher@exide.com; 

with copies (which shall not constitute notice) to: 

Skadden, Arps, Slate, Meagher & Flom LLP 

Four Times Square 
 New York, NY
10036-6522 
 Attention: Kenneth S. Ziman, J. Eric Ivester 

E-mail addresses: ken.ziman@skadden.com, eric.ivester@skadden.com 

and 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 155 N. Wacker Dr.

Chicago, IL 60606 
 Attention:
James J. Mazza, Jr. 
 E-mail address: james.mazza@skadden.com 

and 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 One Rodney Square 

920 N. King Street 
 Wilmington,
DE 19801 
 Attention: Steven J. Daniels 

E-mail address: steven.daniels@skadden.com 

(b) If to any of the Backstop Parties, to counsel for the Backstop Parties: 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 

Attention: Alan W. Kornberg, Alice Belisle Eaton, Lawrence G. Wee 

E-mail addresses: akornberg@paulweiss.com, aeaton@paulweiss.com, and lwee@paulweiss.com 

  
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 Young Conaway Stargatt & Taylor, LLP 

Rodney Square 
 1000 North King
Street 
 Wilmington, DE 19801 

Attention: Pauline K. Morgan, Andrew L. Magaziner 

E-mail address: pmorgan@ycst.com, amagaziner@ycst.com 

or such other address as may have been furnished by a Party to each of the other Parties by notice given in accordance with the requirements set forth above.

 Section 10.2 Assignment; Third Party Beneficiaries. Neither this Commitment Agreement nor any of the rights, interests or
obligations under this Commitment Agreement shall be assigned by any Party (whether by operation of Law or otherwise) without the prior written consent of Exide and the Requisite Backstop Parties, other than an assignment by a Backstop Party
expressly permitted by Section 2.3, 2.6 or 10.7, and any purported assignment in violation of this Section 10.2 shall be void ab initio. Except as provided in Article VIII with respect to the
Indemnified Persons, this Commitment Agreement (including the documents and instruments referred to in this Commitment Agreement) is not intended to and does not confer upon any Person other than the Parties any rights or remedies under this
Commitment Agreement. 
 Section 10.3 Prior Negotiations; Entire Agreement. 

(a) This Commitment Agreement (including the agreements attached as Exhibits to and the documents and instruments referred to in this
Commitment Agreement) constitutes the entire agreement of the Parties and supersedes all prior agreements, arrangements or understandings, whether written or oral, among the Parties with respect to the subject matter of this Commitment Agreement,
except that the Parties hereto acknowledge that any confidentiality agreements heretofore executed among the Parties and the PSA (including the Plan) will each continue in full force and effect. 

(b) Notwithstanding anything to the contrary in the Plan (including any amendments, supplements or modifications thereto) or the Confirmation
Order (and any amendments, supplements or modifications thereto) or an affirmative vote to accept the Plan submitted by any Backstop Party, nothing contained in the Plan (including any amendments, supplements or modifications thereto) or the
Confirmation Order (including any amendments, supplements or modifications thereto) shall alter, amend or modify the rights of the Backstop Parties under this Commitment Agreement unless such alteration, amendment or modification has been made in
accordance with Section 10.7. 
 Section 10.4 Governing Law; Venue. THIS COMMITMENT AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND, TO THE EXTENT APPLICABLE, THE 

  
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BANKRUPTCY CODE. THE PARTIES CONSENT AND AGREE THAT ANY ACTION TO ENFORCE THIS COMMITMENT AGREEMENT OR ANY DISPUTE, WHETHER SUCH DISPUTES ARISE IN LAW OR EQUITY, ARISING OUT OF OR RELATING TO
THIS COMMITMENT AGREEMENT AND THE AGREEMENTS, INSTRUMENTS AND DOCUMENTS CONTEMPLATED HEREBY SHALL BE BROUGHT EXCLUSIVELY IN THE BANKRUPTCY COURT; PROVIDED THAT, IF THE BANKRUPTCY COURT LACKS JURISDICTION, THE PARTIES CONSENT AND AGREE THAT
ANY SUCH ACTION OR DISPUTE SHALL BE BROUGHT EXCLUSIVELY IN A COURT OF THE STATE OF NEW YORK OR A U.S. FEDERAL COURT LOCATED IN THE STATE OF NEW YORK. THE PARTIES CONSENT TO AND AGREE TO SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE BANKRUPTCY COURT.
EACH OF THE PARTIES HEREBY WAIVES AND AGREES NOT TO ASSERT IN ANY SUCH DISPUTE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY CLAIM THAT (I) SUCH PARTY IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF THE BANKRUPTCY COURT,
(II) SUCH PARTY AND SUCH PARTY’S PROPERTY IS IMMUNE FROM ANY LEGAL PROCESS ISSUED BY THE BANKRUPTCY COURT OR (III) ANY LITIGATION OR OTHER PROCEEDING COMMENCED IN THE BANKRUPTCY COURT IS BROUGHT IN AN INCONVENIENT FORUM. THE PARTIES
HEREBY AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING TO AN ADDRESS PROVIDED IN WRITING BY THE RECIPIENT OF SUCH MAILING, OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW, SHALL BE VALID AND
SUFFICIENT SERVICE THEREOF AND HEREBY WAIVE ANY OBJECTIONS TO SERVICE ACCOMPLISHED IN THE MANNER HEREIN PROVIDED. 
 Section 10.5
Waiver of Jury Trial. EACH PARTY HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY JURISDICTION IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE AMONG THE PARTIES UNDER THIS COMMITMENT AGREEMENT, WHETHER IN CONTRACT, TORT OR
OTHERWISE. 
 Section 10.6 Counterparts. This Commitment Agreement may be executed in any number of counterparts, all of which
will be considered one and the same agreement and will become effective when counterparts have been signed by each of the Parties and delivered to each other Party (including via facsimile or other electronic transmission), it being understood that
each Party need not sign the same counterpart. 
 Section 10.7 Waivers and Amendments; Rights Cumulative. This Commitment
Agreement may be amended, restated, modified, supplemented, or changed only by a written instrument signed by Exide and the Requisite Backstop Parties (other than a Defaulting Backstop Party); provided, that each Backstop Party’s prior
written consent shall be required for any amendment, restatement, modification, supplement or change that would have the effect of: (i) modifying such Backstop Party’s Aggregate Commitment Amount, (ii) increasing the Purchase Price to
be paid in respect of the Backstop Notes, (iii) extending the Outside Date, (iv) changing the definition of Requisite Backstop Parties, (v) changing the terms of or conditions to the payment of the Backstop Commitment Fee,
(vi) changing any of the termination rights available to any Backstop Party under Section 9.1(e), (vii) modifying Section 7.2(n), Section 9.1(f), or Section 9.1(g) or (viii) otherwise
disproportionately and materially adversely affecting 

  
 62 

 
such Backstop Party. Subject to the foregoing, the terms and conditions of this Commitment Agreement (other than the conditions set forth in Sections 7.2 and 7.4, the waiver of
which shall be governed solely by Article VII) may be waived (x) by Exide only by a written instrument executed by Exide and (y) by the Requisite Backstop Parties only by a written instrument executed by such Requisite Backstop
Parties. Notwithstanding anything to the contrary contained in this Commitment Agreement, and subject to Section 2.6, the Backstop Parties may agree, among themselves, to reallocate their respective Aggregate Commitment Amounts without
any consent or approval of any other Party; provided, however, any such agreement among the Backstop Parties shall require the consent or approval of all Backstop Parties affected by such reallocation. No delay on the part of any Party
in exercising any right, power or privilege pursuant to this Commitment Agreement will operate as a waiver thereof, nor will any waiver on the part of any Party of any right, power or privilege pursuant to this Commitment Agreement, nor will any
single or partial exercise of any right, power or privilege pursuant to this Commitment Agreement, preclude any other or further exercise thereof or the exercise of any other right, power or privilege pursuant to this Commitment Agreement. Except as
otherwise provided in this Commitment Agreement, the rights and remedies provided pursuant to this Commitment Agreement are cumulative and are not exclusive of any rights or remedies which any Party otherwise may have at law or in equity. 

Section 10.8 Headings. The headings in this Commitment Agreement are for reference purposes only and will not in any way affect
the meaning or interpretation of this Commitment Agreement. 
 Section 10.9 Specific Performance. The Parties agree that
irreparable damage would occur if any provision of this Commitment Agreement were not performed in accordance with the terms hereof and that the Parties shall be entitled to an injunction or injunctions without the necessity of posting a bond to
prevent breaches of this Commitment Agreement or to enforce specifically the performance of the terms and provisions hereof, in addition to any other remedy to which they are entitled at law or in equity. Unless otherwise expressly stated in this
Commitment Agreement, no right or remedy described or provided in this Commitment Agreement is intended to be exclusive or to preclude a Party from pursuing other rights and remedies to the extent available under this Commitment Agreement, at law or
in equity. 
 Section 10.10 No Reliance. No Backstop Party or any of its Related Parties shall have any duties or obligations to
the other Backstop Parties in respect of this Commitment Agreement, the Plan or the transactions contemplated hereby or thereby, except those expressly set forth herein. Without limiting the generality of the foregoing, (a) no Backstop Party or
any of its Related Parties shall be subject to any fiduciary or other implied duties to the other Backstop Parties, (b) no Backstop Party or any of its Related Parties shall have any duty to take any discretionary action or exercise any
discretionary powers on behalf of any other Backstop Party, (c) (i) no Backstop Party or any of its Related Parties shall have any duty to the other Backstop Parties to obtain, through the exercise of diligence or otherwise, to
investigate, confirm, or disclose to the other Backstop Parties any information relating to Exide or any of its Subsidiaries that may have been communicated to or obtained by such Backstop Party or any of its Affiliates in any capacity and
(ii) no Backstop Party may rely, and confirms that it has not relied, on any due diligence investigation that any other Backstop Party or any 

  
 63 

 
Person acting on behalf of such other Backstop Party may have conducted with respect to Exide or any of its Affiliates or any of their respective securities and (d) each Backstop Party
acknowledges that no other Backstop Party is acting as a placement agent, initial purchaser, underwriter, broker or finder with respect to its Backstop Notes or its Backstop Commitment. 

Section 10.11 Publicity. At all times prior to the Closing Date or the earlier termination of this Commitment Agreement in
accordance with its terms, Exide and the Backstop Parties shall consult with each other prior to issuing any press releases (and provide each other a reasonable opportunity to review and comment upon such release) or otherwise making public
announcements with respect to the transactions contemplated by this Commitment Agreement. No Party shall issue any such press release or make any such public statement prior to such consultation, except to the extent the disclosing Party determines
it is required to do so by applicable Law, in which case such Party shall use all reasonable efforts to consult with the other Party (or Parties) before issuing any such release or making any such public statement. 

Section 10.12 Settlement Discussions. This Commitment Agreement and the transactions contemplated herein are part of a proposed
settlement of a dispute between the Parties. Nothing herein shall be deemed an admission of any kind nor does anything herein reflect the views of any party as to the valuation of Exide and its Subsidiaries. Pursuant to Federal Rule of Evidence 408
and any applicable state rules of evidence, this Commitment Agreement and all negotiations relating thereto shall not be admissible into evidence in any proceeding, except to the extent filed with, or disclosed to, the Bankruptcy Court in connection
with the Chapter 11 Case (other than a proceeding to approve or enforce the terms of this Commitment Agreement). 
 [Signature Pages
Follow] 

  
 64 

 Schedule 1 

to Backstop Commitment Agreement 
  

																	
	 Backstop Party
	  	Primary Notes	 	  	Backstop Commitment
Amount	 	  	Aggregate
Commitment
Amount	 	  	Beneficially
Controlled Owned
DIP Claims	 
	 MacKay Shields LLC, as investment adviser on behalf of the Lenders it advises
	  	$	31,960,963	  	  	$	40,471,537	  	  	$	72,432,500	  	  	$	137,976,277	  
	 Alliance Bernstein High Income Fund, AB Global High Income Fund, ACM Global High Yield - Offshore and certain other affiliates
	  	 	17,440,630	  	  	 	24,991,870	  	  	 	42,432,500	  	  	 	44,488,022	  
	 D.E. Shaw Galvanic Portfolios, L.L.C and other affiliated funds
	  	 	12,962,963	  	  	 	1,537,037	  	  	 	14,500,000	  	  	 	43,645,868	  
	 Neuberger Berman Fixed Income LLC, as investment manager
	  	 	8,328,963	  	  	 	3,671,037	  	  	 	12,000,000	  	  	 	2,370,793	  
	 The Northwestern Mutual Life Insurance Company
	  	 	5,081,481	  	  	 	4,918,519	  	  	 	10,000,000	  	  	 	20,320,871	  
	 Stonehill Institutional Partners, L.P. and Stonehill Master Fund LTD
	  	 	1,814,815	  	  	 	5,185,185	  	  	 	7,000,000	  	  	 	33,645,907	  
	 BDCM Opportunity Fund III LP
	  	 	760,000	  	  	 	—  	  	  	 	760,000	  	  	 	3,748,567	  
	 Nomura Corporate Research and Asset MGMT Inc.
	  	 	875,000	  	  	 	—  	  	  	 	875,000	  	  	 	7,293,341	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	79,224,815	  	  	$	80,775,185	  	  	$	160,000,000	  	  	$	293,489,646	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 65 

 Schedule 2 

to Backstop Commitment Agreement 
 None.

  
 66EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 THIS PLAN SUPPORT AGREEMENT
IS NOT AN OFFER WITH RESPECT TO ANY SECURITIES OR A SOLICITATION OF ACCEPTANCES OF A CHAPTER 11 PLAN WITHIN THE MEANING OF SECTION 1125 OF THE BANKRUPTCY CODE. ANY SUCH OFFER OR SOLICITATION WILL COMPLY WITH ALL APPLICABLE SECURITIES LAWS AND/OR
PROVISIONS OF THE BANKRUPTCY CODE. NOTHING CONTAINED IN THIS PLAN SUPPORT AGREEMENT SHALL BE AN ADMISSION OF FACT OR LIABILITY OR, UNTIL THE OCCURRENCE OF THE AGREEMENT EFFECTIVE DATE ON THE TERMS DESCRIBED IN THIS AGREEMENT, DEEMED BINDING ON ANY
OF THE PARTIES HERETO. THIS PLAN SUPPORT AGREEMENT IS A SETTLEMENT AND DOES NOT REFLECT THE VIEWS OF ANY PARTY AS TO THE VALUATION OF THE DEBTOR OR OF THE COMPANY. 

SECOND AMENDED AND RESTATED PLAN SUPPORT
AGREEMENT 
 This SECOND AMENDED AND RESTATED PLAN SUPPORT AGREEMENT (including all exhibits and schedules attached
hereto and in accordance with Section 2 hereof, this “Agreement”) is made and entered into as of January 7, 2015, by and among the following parties (each, a “Party” and collectively,
the “Parties”), and amends, restates, and replaces in its entirety that certain Amended Plan Support Agreement dated December 11, 2014 (the “Prior PSA”): 

 

	 	i.	Exide Technologies, a Delaware corporation (“Exide” or the “Debtor” and together with its non-debtor subsidiaries and affiliates, the “Company”);
and 

  

	 	ii.	the undersigned members of the unofficial committee of unaffiliated holders (the “Unofficial Noteholder Committee” and the members thereof each a “UNC Member” and
collectively, the “UNC Members”) which include holders or investment advisors or managers of discretionary accounts that hold Claims1 (such Claims, the “Senior
Secured Note Claims”) against Exide under and related to the 8 5/8% Senior Secured Notes due 2018 (the “Senior Secured Notes”) issued under that certain indenture dated as of January 25, 2011 (as
amended, supplemented or otherwise modified from time to time, the “Senior Secured Indenture” and the indenture trustee appointed thereunder, the “Indenture Trustee”). The undersigned UNC Members,
including transferees who become Permitted Transferees (as defined below) in accordance with Section 4.04 of this Agreement and other holders of Senior Secured Note Claims or DIP Claims (as defined below) who execute a joinder to this Agreement
in the form attached hereto as Exhibit D, are individually referred to in this Agreement as a “Consenting Creditor” and collectively referred to in this Agreement as the “Consenting Creditors.”
Certain Consenting Creditors are also lenders or hold claims (collectively the “DIP Claims”) on account of term loans outstanding under that certain Amended and Restated Superpriority Debtor-in-Possession Credit Agreement,
dated as of July 12, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “DIP Credit Agreement” and the order approving same entered by the Bankruptcy Court on July 25,

  

	1 	 As used in this Agreement the term “Claim” has the meaning ascribed to such term in section 101(5) of the Bankruptcy Code.

 EXECUTION VERSION 
  

	 	
2013 [Docket No. 427], as it may be amended from time to time, the “Final DIP Order”), among the Debtor and Exide Global Holding Netherlands C.V., a limited
partnership organized under the laws of the Netherlands, the lenders party thereto from time to time (each such UNC Member, a “DIP Lender”) and JPMorgan Chase Bank, N.A., as agent for the Lenders (in such capacity, the
“DIP Agent”). 

 RECITALS 

WHEREAS, on June 10, 2013 (the “Petition Date”), the Debtor commenced a voluntary reorganization case
captioned In re Exide Technologies, Ch. 11 Case No. 13-11482 (KJC) (Bankr. D. Del. Jun. 10, 2013) (the “Chapter 11 Case”) under chapter 11 of title 11 of the United States Code,
11 U.S.C. §§ 101 et seq. (the “Bankruptcy Code”), in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”); 

WHEREAS, the Company and the Consenting Creditors have negotiated in good faith certain restructuring and recapitalization transactions
with respect to the Company’s capital structure and operations, including the Company’s obligations under the Senior Secured Indenture and the DIP Credit Agreement; 

WHEREAS, the Company and the Consenting Creditors entered into that certain Plan Support Agreement and Term Sheet dated
November 4, 2014, and subsequently, entered into that certain Amended and Restated Plan Support Agreement and Term Sheet dated December 11, 2014; 

WHEREAS, the Unofficial Noteholder Committee and the Company have engaged in further discussions to effect a restructuring of the
Company through a chapter 11 plan of reorganization with terms substantially as those set forth in Exhibit A hereto (the “Plan Term Sheet” and such plan, together with all exhibits and schedules related thereto,
each of which (including the plan) shall be in form and substance reasonably satisfactory to the Required Consenting Creditors (as defined below), the “Plan”), all of which shall be substantially on the terms and conditions
described in this Agreement (such transactions, the “Restructuring Transactions”); and 
 WHEREAS, in
connection with the Restructuring Transactions, the Company expects to arrange commitments to obtain exit financing, including by seeking an agreement from Consenting Creditors and other parties to enter into a commitment (such parties, other than
the Debtor, collectively, the “Backstop Parties” and such agreement (including the exhibits thereto) at all times in form and substance reasonably satisfactory to the Required Consenting Creditors (as defined below), the
“Backstop Commitment Agreement”) to provide the New Money Investment (as defined in the Plan Term Sheet), along with other commitment agreements regarding exit financing in accordance with the Plan (such additional
commitments, the “Exit Financing Commitment Agreements”). 

 EXECUTION VERSION 
  

 NOW, THEREFORE, in consideration of the covenants and agreements contained in this
Agreement, and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Party, intending to be legally bound hereby, agrees as follows: 

AGREEMENT 
 Section 1.
Agreement Effective Date. This Agreement shall become effective and binding upon each of the Parties at 12:00 a.m., prevailing Eastern Time, on the date on which (i) UNC Members holding at least a majority in
principal amount of the aggregate amount of the outstanding Senior Secured Note Claims have executed this Agreement, and (ii) the Company has given notice to counsel to the Unofficial Noteholder Committee in accordance with Section 11.11
of this Agreement (such date, the “Agreement Effective Date”) that the Debtor has executed and delivered counterpart signature pages of this Agreement. Upon the Agreement Effective Date, the Prior PSA shall be deemed
terminated in accordance with its terms and shall be of no further force or effect. 
 Section 2. Exhibits Incorporated by
Reference. Each of the exhibits and schedules attached to this Agreement is expressly incorporated in this Agreement and is made a part of this Agreement, and all references to this Agreement shall include the exhibits and schedules
hereto. In the event of any inconsistency between this Agreement (without reference to the exhibits and schedules) and the exhibits and schedules, this Agreement (without reference to the exhibits and schedules) shall govern. 

Section 3. Definitive Documentation. The definitive documents and agreements governing the Restructuring Transactions (collectively,
and as may be amended from time to time, the “Plan Transaction Documents”) shall each be in form and substance reasonably satisfactory to the Required Consenting Creditors and shall comprise: 

(a) the motion to approve the Debtor’s entry into this Agreement pursuant to sections 105(a) and 363(b) of the Bankruptcy Code and the
performance by the Company of its obligations thereunder and under this Agreement (the “PSA Approval Motion”) and the order of the Bankruptcy Court approving the relief requested in the PSA Approval Motion (the
“PSA Approval Order”) which order shall be consistent with the rights of holders of DIP Claims and Senior Secured Note Claims to credit bid as set forth in the Plan Term Sheet, the Final DIP Order, and the Bankruptcy Code;

 (b) the Plan and each document or agreement contemplated in connection with the effectiveness of the Plan; 

(c) the order of the Bankruptcy Court confirming the Plan and authorizing all of the transactions and agreements contemplated by the Plan (the
“Confirmation Order”) and pleadings in support of entry of the Confirmation Order; 
 (d) the Backstop Commitment
Agreement and the motion to approve the Debtor’s entry into the Backstop Commitment Agreement pursuant to sections 105(a) and 363(b) of the Bankruptcy Code and the performance by the Company of its obligations thereunder, including the payment
of fees and expenses on such terms as are acceptable to a majority of the Consenting Creditors who execute the Backstop Commitment Agreement (the “BCA Approval Motion”) and the order of the Bankruptcy Court approving the
relief requested in the BCA Approval Motion (the “BCA Approval Order”); 

 EXECUTION VERSION 
  

 (e) the disclosure statement relating to the Plan (the “Disclosure
Statement”), the other solicitation materials in respect of the Plan and procedures for solicitation of the Rights Offering (as defined below, and such procedures the “Rights Offering Procedures” and the
order approving the Rights Offering Procedures, the “Rights Offering Procedures Order,” and such materials, collectively, the “Solicitation Materials”), the motion to approve the Disclosure Statement
(the “Disclosure Statement Approval Motion”), and the order entered by the Bankruptcy Court approving the Disclosure Statement and Solicitation Materials as containing, among other things, “adequate information” as
required by section 1125 of the Bankruptcy Code (the “Disclosure Statement Order”); 
 (f) the Exit Financing
Commitment Agreements and all documents related thereto; and 
 (g) all other documents that will comprise supplements to the Plan
(“Plan Supplements”). 
 All Plan Transaction Documents that remain subject to negotiation and completion shall contain terms,
conditions, representations, warranties, and covenants materially consistent with the terms of this Agreement and the Plan Term Sheet, and shall otherwise be in form and substance reasonably satisfactory to each of (i) Exide and
(ii) the Required Consenting Creditors. 
 As used in this Agreement, the term “Required Consenting Creditors” means
both (i) Consenting Creditors holding at least a majority in principal amount of the aggregate amount of Senior Secured Note Claims held by all Consenting Creditors party hereto at the time of such determination, and (ii) Consenting
Creditors holding at least a majority in principal amount of the aggregate amount of DIP Claims held by all Consenting Creditors party hereto at the time of such determination. 

Section 4. Commitments Regarding the Restructuring Transactions. 

4.01. Commitments of the Consenting Creditors. 

(a) During the period beginning on the Agreement Effective Date and ending on a Termination Date (as defined in Section 8.06 of this
Agreement) (such period, the “Effective Period”), each undersigned Consenting Creditor agrees for itself and on behalf of the accounts and funds within its control that, subject to Section 4.04 hereof, so long as it
remains the legal owner and beneficial owner with power and/or authority to bind any Debtor Claims (as defined below) as represented in Section 4.05(a) of this Agreement and in its capacity as a DIP Lender (to the extent applicable), that: 

(i) such Consenting Creditor shall: 

(A) to the extent permitted under the Plan to vote to accept or reject the Plan, vote each of its Debtor Claims to accept the Plan by
delivering its duly executed and completed ballot(s) accepting the Plan on a timely basis following the commencement of solicitation and its actual receipt of the Solicitation Materials and ballot, provided that the Disclosure Statement and the
Solicitation Materials, in each case, have been approved by the Bankruptcy Court as containing “adequate information” as such term is defined in section 1125 of the Bankruptcy Code; and 

(B) not change or withdraw (or cause to be changed or withdrawn) such votes unless the Plan changes the treatment of Consenting Creditors
thereunder in a manner that is materially adverse to such Consenting Creditor; 

 EXECUTION VERSION 
  

 (b) With respect to its Senior Secured Note Claims: 

(i) such Consenting Creditor further agrees that it shall not directly or indirectly (A) object to or take any other action to interfere
with the acceptance, implementation, or consummation of the Restructuring Transactions; provided, however, that the negotiation around or completion of backstop commitments, credit bids (if any), or Plan Transaction Documents shall not
constitute a breach of this Agreement; (B) propose, file, support, or vote for any restructuring, workout, plan of arrangement, or plan of reorganization for the Debtor other than the Plan and the Restructuring Transactions; or (C) direct
the Indenture Trustee to take any action contemplated in clause (A) and (B) of this Section 4.01(b)(i); provided, however, that to the extent a Consenting Creditor directs the Indenture Trustee not to take an action
contemplated in clause (A) and (B) of this Section 4.01(b)(i), such direction shall not be construed in any way as requiring any Consenting Creditor to provide an indemnity to the Indenture Trustee, or to incur or potentially incur
any other liability, in connection with such direction; and provided further, that actions taken by a Consenting Creditor in furtherance of a bid by such Consenting Creditor to purchase assets of the Debtor as part of a sale
process permitted by this Agreement shall not constitute a breach of this Agreement; 
 (ii) such Consenting Creditor shall not, except to
the extent expressly contemplated under the Plan and this Agreement, and shall not direct the Indenture Trustee to, exercise any right or remedy for the enforcement, collection, or recovery of any of the Debtor Claims, and any other Claims against,
or interests in, Exide C.V. or any of the Debtor’s direct or indirect subsidiaries; provided, however, that to the extent a Consenting Creditor directs the Indenture Trustee to not take any action contemplated in the foregoing
provision, such direction shall not be construed in any way as requiring any Consenting Creditor to provide an indemnity to the Indenture Trustee, or to incur or potentially incur any other liability, in connection with such direction; and 

(iii) unless otherwise prohibited by law or contract (provided that, in the case of a contract entered into after the date hereof, such
contract does not violate a Consenting Creditor’s obligations under this Agreement), such Consenting Creditor agrees to use commercially reasonable efforts to promptly notify the Debtor and other Consenting Creditors upon the receipt of any
written solicitation or proposal relating to any other plan, sale, proposal, dissolution, consolidation, joint venture, winding up, liquidation, reorganization, merger, amalgamation or restructuring of the Company. 

 EXECUTION VERSION 
  

 (c) Each Consenting Creditor, to the extent such Consenting Creditor is a DIP Lender:

 (i) shall not in such capacity directly or indirectly (A) object to or take any other action to interfere with the acceptance,
implementation, or consummation of the Restructuring Transactions; provided, however, that the negotiation around or completion of backstop commitments, credit bids (if any), or Plan Transaction Documents shall not constitute a breach
of this Agreement; (B) propose, file, support, or vote for any restructuring, workout, plan of arrangement, or plan of reorganization for the Debtor other than the Plan and the Restructuring Transactions; or (C) except to the extent
expressly contemplated under the Plan and this Agreement, direct the DIP Agent to take any action contemplated in clause (A) and (B) of this Section 4.01(c)(i) or direct the DIP Agent to exercise any right or remedy for the
enforcement, collection, or recovery of any of the DIP Claims, and any other Claims against, or interests in, Exide C.V. or any of the Debtor’s direct or indirect subsidiaries inconsistent with this Agreement; provided, however,
that to the extent a Consenting Creditor as a DIP Lender directs the DIP Agent not to take an action contemplated in clause (A) and (B) of this Section 4.01(c)(i), such direction shall not be construed in any way as requiring any
Consenting Creditor as a DIP Lender to provide an indemnity to the DIP Agent, or to incur or potentially incur any other liability, in connection with such direction; 

(ii) agrees to be bound by this Agreement in both its capacity as a holder of Senior Secured Note Claims and DIP Claims; 

(iii) agrees (x) to exchange at least 28.8% of its DIP Claims into Second Lien Convertible Notes (as defined in the Plan Term Sheet)
pursuant to the DIP/Second Lien Conversion Option (as defined in the Plan Term Sheet), and (y) the balance of its DIP Claims into First Lien High Yield Notes (as defined in the Plan Term Sheet) in accordance with the Plan Term Sheet. This
Agreement, including the treatment of DIP Claims described in this clause (c) of this Section 4.01(c), shall apply to any purchaser of DIP Claims pursuant to the DIP Term Loan Refinancing Investment Option (as defined in the Plan Term
Sheet); and 
 (iv) agrees that in the event that less than $100 million in DIP Claims convert into Second Lien Convertible Notes
pursuant to the DIP/Second Lien Conversion Option as of the Plan Effective Date, a percentage in addition to the 28.8% of such Consenting Creditors’ DIP Claims shall automatically also convert into Second Lien Convertible Notes, and such
Consenting Creditor shall be entitled to payment of fees on account thereof in the amounts specifically set forth on Exhibit C attached to this Agreement (as each Consenting Creditor’s percentage may be reduced from time to time,
pursuant to an amendment to Exhibit C that shall not require any consent under Section 9 of this Agreement and which shall not constitute an Economic Change (as defined below) under this Agreement, to reflect the addition of Consenting
Creditors holding DIP Claims who join this Agreement after the Agreement Effective Date) and which shall not exceed 2% for all such Consenting Creditors. 

(d) This Section 4.01 will not limit any Consenting Creditor from appearing and participating as a party in interest in any matter to be
adjudicated in the Chapter 11 Case, so long as such appearance and the positions advocated in connection therewith are not inconsistent with this Agreement. 

 EXECUTION VERSION 
  

 (e) This Section 4.01 will not limit in any way any of the following Consenting Creditor
rights: 
 (i) upon the termination of this Agreement or the termination of the automatic stay as to property or interests in property
which secure any Debtor Claims or DIP Claims upon motion by a person or entity other than a Consenting Creditor, after notifying counsel to the Debtor in accordance with Section 11.11(a) of this Agreement, from exercising any right or
remedy for enforcement, collection, or recovery on account of such Debtor Claims or DIP Claims; 
 (ii) to take or direct any action
relating to maintenance, protection, or preservation of any collateral under either the DIP Credit Agreement or the Senior Secured Indenture and the documents related thereto; 

(iii) to take or direct any action to participate in any sale of any of the Debtor’s assets, whether under section 363 of the Bankruptcy
Code or otherwise, or from taking any direct or indirect action in furtherance of a credit bid under the DIP Credit Agreement, or under the Senior Secured Indenture, or the Final DIP Order, or under the Bankruptcy Code; or 

(iv) from taking any direct or indirect action in furtherance of the Backstop Commitment Agreement, the Exit Financing Commitment Agreements,
the Restructuring Transactions and any of the Plan Transaction Documents. 
 As used in this Agreement, “Debtor Claims” means
all Claims or Interests (whether or not classified under the Plan) that any Consenting Creditor may hold against the Debtor, including each of the Senior Secured Note Claims and all adequate protection claims on account thereof, and any other Claims
or interests junior to the Senior Secured Note Claims; provided, however, that Debtor Claims does not include claims under the Existing European Facilities (as defined in the Plan Term Sheet) or under the DIP Credit Agreement.

 4.02. Commitments of the Company. 

(a) During the Effective Period, the Company shall: 

(i) use commercially reasonable efforts in good faith to obtain orders of the Bankruptcy Court in respect of the Restructuring Transactions,
including, but not limited to, obtaining entry of the PSA Approval Order, the BCA Approval Order, the Rights Offering Procedures Order, the Disclosure Statement Order and the Confirmation Order; 

(ii) support and take all steps reasonably necessary or desirable to consummate the Restructuring Transactions in accordance with this
Agreement, including the preparation and filing within the time-frame provided in this Agreement of the Plan Transaction Documents, effectuating the Rights Offering Procedures and obtaining the Exit Financing Commitments; 

(iii) execute and deliver any other required agreements to effectuate and consummate the Restructuring Transactions; 

(iv) obtain any and all required regulatory and/or third-party approvals necessary for the
consummation of the Restructuring Transactions; 

 EXECUTION VERSION 
  

 (v) effectuate the Restructuring Transactions within the time-frame provided in this
Agreement; and 
 (vi) not object to, delay, impede, or take any other action that is materially inconsistent with, or is intended or is
likely to interfere in a material way with acceptance or implementation of the Restructuring Transactions. 
 (b) The Company represents and
warrants to the Consenting Creditors that, other than the joint venture transaction in China to which the Company is a party and the sale of certain interests in Tudor India Ltd., there are no pending agreements (oral or written) or understandings
with respect to any plan of reorganization or liquidation, proposal, offer, dissolution, winding up, liquidation, reorganization, recapitalization, merger, consolidation, business combination, joint venture, partnership, or restructuring. If the
Company makes or receives a written proposal or expression of interest regarding any plan of reorganization or liquidation, proposal, offer, dissolution, winding up, liquidation, reorganization, recapitalization, merger, consolidation, business
combination, joint venture, partnership, or restructuring involving the Company, or any of its assets, properties or businesses (other than the Plan or a Sale (as defined below)) (in each case, an “Alternative Transaction”),
the Company shall promptly notify counsel to the Unofficial Noteholder Committee of the terms of any such proposal made by the Company and of the receipt of any such proposal or expression of interest relating to an Alternative Transaction, with
such notice to include the material terms thereof, including (unless prohibited by a separate agreement) the identity of the person or group of persons involved. Unless prohibited by the terms of the Alternative Transaction or a separate agreement,
the Company shall promptly furnish counsel to the Unofficial Noteholder Committee with copies of any written offer or other information that it makes or receives relating to an Alternative Transaction and shall keep counsel to the Unofficial
Noteholder Committee reasonably informed of any material changes to such Alternative Transaction. To the extent prohibited by the terms of an Alternative Transaction or separate agreement from disclosing the terms thereof to the Unofficial
Noteholder Committee, the Company will use reasonable efforts to obtain the consent of the party proposing an Alternative Transaction to provide counsel to the Unofficial Noteholder Committee (under a reasonably acceptable confidentiality agreement)
the information contemplated under this Section 4.02(b) of this Agreement. To the extent the Company receives an Alternative Transaction and the Consenting Creditors subsequently propose modifications to the terms of the Restructuring
Transactions contemplated hereby, the Company shall be permitted to fully inform counsel to any parties providing an Alternative Transaction of any material changes to the Restructuring Transactions. 

(c) Notwithstanding subsections (a) and (b) of this Section 4.02 of this Agreement, during the Effective Period the Company
will diligently pursue a sale of substantially all, or a portion of, its assets, properties, businesses or equity interests (such sale and the process related thereto, a “Sale”). The Company will provide periodic updates
concerning such Sale to the Consenting Creditors at times mutually agreed upon by the Company and the Required Consenting Creditors; provided, however, for the avoidance of doubt, Section 4.02(b) of this Agreement governs the
Company’s obligations with respect to sharing information regarding an Alternative Transaction. 

 EXECUTION VERSION 
  

 (d) Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement
shall require the Company, or any director, manager or officer of the Company, in such person’s capacity as a director, manager or officer of the Company, to take any action, or to refrain from taking any action that is reasonably determined,
after consulting with counsel, to be inconsistent with the Company’s or such director’s, manager’s or officer’s fiduciary obligations under applicable law. 

4.03. Commitments of the Company and the Consenting Creditors. The Backstop Parties have agreed to backstop the $175 million
Rights Offering up to $160 million in accordance with and pursuant to the terms of the Backstop Commitment Agreement. During the Effective Period, the Company and each Consenting Creditor agree that each Consenting Creditor shall be afforded an
opportunity to become a Backstop Party for the New Money Investment (as defined in the Plan Term Sheet) to purchase up to its pro rata share of Second Lien Convertible Notes (as defined in the Plan Term Sheet) in proportion to the principal amount
of Senior Secured Notes held, as of such date of determination, by all Consenting Creditors. Prior to entering into any agreement with any third party with respect to a backstop for the New Money Investment (as defined in the Plan Term Sheet), the
Company shall offer each Consenting Creditor the opportunity to backstop the New Money Investment (as defined in the Plan Term Sheet) on the most favorable terms offered to such third party. 

4.04. Transfer of Interests and Securities. 

(a) During the Effective Period, each Consenting Creditor agrees for itself and on behalf of the accounts and funds within its control not to
sell, use, pledge, assign, transfer, permit the participation in, or otherwise dispose of (each, a “Transfer”) any ownership (including any beneficial ownership)2 in the
Debtor Claims or DIP Claims unless the intended transferee executes and delivers to counsel to the Debtor on the terms set forth in this Section 4.04 an executed transfer agreement in the form attached hereto as Exhibit B (a
“Transfer Agreement”) before such Transfer is effective, it being understood that any Transfer shall not be effective as against the Debtor until notification of such Transfer in accordance with Section 11.11 of this
Agreement and a copy of the executed Transfer Agreement is received by counsel to the Debtor (a transferee that satisfies the requirements of this Section 4.04 and Exhibit B, a “Permitted Transferee,” and such
Transfer, a “Permitted Transfer”). 
 (b) Notwithstanding anything to the contrary in this Agreement, (i) the
foregoing provisions shall not preclude any Consenting Creditor from settling or delivering Debtor Claims or DIP Claims to settle any confirmed transaction pending as of the date of such Consenting Creditor’s entry into this Agreement (subject
to compliance with applicable securities laws), it being understood that such Debtor Claims or DIP Claims so acquired shall be subject to the terms of this Agreement, (ii) a Consenting Creditor may transfer (by purchase, sale, assignment,
participation or otherwise) any right, title or interest in such Debtor Claims or 
  

	2 	 As used in this Agreement, the term “beneficial ownership” means the direct or indirect economic ownership of, and/or the
power, whether by contract or otherwise, to direct the exercise of the voting rights and the disposition of, the Debtor Claims or the right to acquire such Claims or interests. 

 EXECUTION VERSION 
  

 
DIP Claims to an entity that is acting in its capacity as a Qualified Marketmaker3 without the requirement that the Qualified Marketmaker be
or become a Consenting Creditor, provided that any subsequent transfer (by purchase, sale, assignment, participation or otherwise) by such Qualified Marketmaker of the right, title or interest in such Debtor Claims or DIP Claims is to a transferee
that is or become a Consenting Creditor, and (iii) to the extent that a Consenting Creditor is acting in its capacity as a Qualified Marketmaker, it may transfer (by purchase, sale, assignment, participation or otherwise) any right, title or
interest in such Debtor Claims or DIP Claims that the Qualified Marketmaker acquires from a holder of the Debtor Claims or DIP Claims who is not a Consenting Creditor without the requirement that the transferee be or become a Consenting Creditor.

 (c) This Agreement shall in no way be construed to preclude the Consenting Creditors from acquiring additional Debtor Claims or DIP
Claims; provided, however, that (i) any Consenting Creditor that acquires additional Debtor Claims or DIP Claims after the Agreement Effective Date shall promptly notify counsel to the Company and counsel to the Unofficial
Noteholder Committee of such acquisition including the amount of such acquisition and (ii) such acquired Debtor Claims and DIP Claims shall automatically and immediately upon acquisition by a Consenting Creditor be deemed subject to the terms
of this Agreement (regardless of when or whether notice of such acquisition is given to the aforementioned counsel).
 (d) Any Transfer made
in violation of this Section 4.04 of this Agreement shall be void ab initio. Any Consenting Creditor that effectuates a Permitted Transfer to a Permitted Transferee shall have no liability under this Agreement arising from or
related to the failure of the Permitted Transferee to comply with the terms of this Agreement. 
 4.05. Representations and Warranties of
Consenting Creditors. Each Consenting Creditor, severally, and not jointly, represents and warrants that: 
 (a) it is the beneficial
owner of the face amount of the Debtor Claims and DIP Claims, or is the nominee, investment manager, or advisor for beneficial holders of the Debtor Claims or DIP Claims, as reflected in such Consenting Creditor’s signature block to this
Agreement (such Debtor Claims, the “Owned Debtor Claims” and such DIP Claims, the “Owned DIP Claims” and together with the Owned Debtor Claims, the “Owned Claims”); 

(b) it has the full power and authority to act on behalf of, vote and consent to matters concerning the Owned Claims; 

(c) the Owned Claims are free and clear of any pledge, lien, security interest, charge, Claim, equity, option, proxy, voting restriction,
right of first refusal, or other limitation 
  

	3 	 As used in this Agreement, the term “Qualified Marketmaker” means an entity that (x) holds itself out to the public or
applicable private markets as standing ready in the ordinary course of its business to purchase from customers and sell to customers claims against the Debtor (including debt securities or other debt) or enter with customers into long and short
positions in claims against the Debtor (including debt securities or other debt), in its capacity as a dealer or market maker in such claims against the Debtor, and (y) is in fact regularly in the business of making a market in claims against
issuers or borrowers (including debt securities or other debt). 

 EXECUTION VERSION 
  

 
on disposition, transfer, or encumbrances of any kind, that would adversely affect in any way such Consenting Creditor’s ability to perform any of its obligations under this Agreement at the
time such obligations are required to be performed; 
 (d) (i) it is either (A) a “qualified institutional buyer” as defined
in Rule 144A of the Securities Act, (B) an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3), or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
(C) a non-U.S. person as defined in Regulation S under the Securities Act (“Regulation S”) and acquires any securities of the Debtor in transactions outside the United States within the meaning of Regulation S, or
(D) the foreign equivalent of (A) or (B) above, and (ii) any securities of the Debtor acquired by the applicable Consenting Creditor in connection with the Restructuring Transactions will have been acquired for investment and not
with a view to distribution or resale in violation of the Securities Act; and 
 (e) as of the date hereof, it has no actual knowledge of
any event that, due to any fiduciary or similar duty to any other person or entity, would prevent it from taking any action required of it under this Agreement. 

Section 5. Mutual Representations, Warranties, and Covenants. Each of the Parties represents, warrants,
and covenants to each other Party: 
 5.01. Enforceability. It is validly existing and in good standing under the laws of the
state of its organization, and this Agreement is a legal, valid, and binding obligation of such Party, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable laws relating to or limiting
creditors’ rights generally or by equitable principles relating to enforceability; provided however, that until entry of the PSA Approval Order, this Agreement shall only be binding on the Debtor to the extent permissible in the
absence of Bankruptcy Court approval. 
 5.02. No Consent or Approval. Except as expressly provided in this Agreement or the
Bankruptcy Code, no consent or approval is required by any other person or entity (subject to necessary Bankruptcy Court approval and/or regulatory approvals associated with the Restructuring Transactions) in order for it to effectuate the
Restructuring Transactions contemplated by, and perform its respective obligations under, this Agreement. 
 5.03. Power and
Authority. Except as expressly provided in this Agreement (and subject to necessary Bankruptcy Court approval and/or regulatory approvals associated with the Restructuring Transactions), it has all requisite corporate or other power and
authority to enter into, execute, and deliver this Agreement and to effectuate the Restructuring Transactions contemplated by, and perform its respective obligations under, this Agreement. 

5.04. Governmental Consents. Except as expressly set forth in this Agreement and with respect to the Company’s performance of this
Agreement, subject to necessary Bankruptcy Court approval and/or regulatory approvals associated with the Restructuring Transactions, the execution, delivery and performance by it of this Agreement does not, and shall not, require any registration
or filing with consent or approval of, or notice to, or other action to, with or by, any federal, state, or other governmental authority or regulatory body. 

 EXECUTION VERSION 
  

 5.05. No Conflicts. The execution, delivery, and performance of this Agreement does
not and shall not: (a) violate any provision of law, rules or regulations applicable to it or any of its subsidiaries in any material respect; (b) violate its certificate of incorporation, bylaws, or other organizational documents or those
of any of its subsidiaries; or (c) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any contractual obligation to which it is a party, which conflict, breach, or default, would have
a material adverse effect on the Restructuring Transactions. 
 Section 6.
Acknowledgement. Notwithstanding any other provision in this Agreement, this Agreement is not and shall not be deemed to be an offer with respect to any securities or solicitation of votes for the
acceptance of a plan of reorganization for purposes of sections 1125 and 1126 of the Bankruptcy Code or otherwise. Any such offer or solicitation will be made only in compliance with all applicable securities laws and provisions of the
Bankruptcy Code. The Company will not solicit acceptances of any Plan from Consenting Creditors in any manner inconsistent with the Bankruptcy Code or applicable non-bankruptcy law. 

Section 7. Certain Additional Chapter 11 Matters.  

7.01. During the Effective Period, the Debtor will use commercially reasonable efforts to provide: (i) definitive draft copies of all
material motions, pleadings and other documents (including any regulatory submissions) that the Debtor intends to file with any court or regulatory body (including, the Bankruptcy Court) relating to the Chapter 11 Case, the Restructuring
Transactions or with respect to any of the Debtor’s regulated facilities, to counsel to the Unofficial Noteholder Committee at least two (2) business days before the date on which the Debtor intends to file any such document; and
(ii) definitive draft copies of all Plan Transaction Documents to counsel to the Unofficial Noteholder Committee at least three (3) business days before the date on which the Debtor intends to file such documents. 

7.02. The Parties shall cooperate with each other in good faith and shall coordinate their activities (to the extent possible and permitted by
law and subject to the terms of this Agreement) in respect of the consummation of the transactions contemplated by this Agreement. 
 Section 8.
Termination Events.  
 8.01. Consenting Creditors’ Termination Events. This Agreement
may be terminated as between the Consenting Creditors and the Debtor, by the delivery to the Debtor, of a written notice in accordance with Section 11.11 of this Agreement by the Required Consenting Creditors, in the exercise of their
discretion, upon the occurrence and continuation of any of the following events: 
 (a) upon the occurrence and continuation of an
“Event of Default” under the DIP Credit Agreement, subject to any cure periods provided thereunder or waiver of such an Event of Default by the DIP Agent or Required Lenders (as defined in the DIP Credit Agreement); 

(b) the Bankruptcy Court shall not have entered the PSA Approval Order and the BCA Approval Order authorizing the Debtor to enter into a
Backstop Commitment Agreement materially consistent with the Plan Term Sheet and otherwise satisfactory to the Required Consenting Creditors on or before February 17, 2015; 

 EXECUTION VERSION 
  

 (c) the Bankruptcy Court shall not have approved the Solicitation Materials and entered the
Disclosure Statement Order and the Rights Offering Procedures Order, each in form and substance reasonably satisfactory to the Required Consenting Creditors, on or before February 17, 2015; 

(d) the Bankruptcy Court shall not have entered the Confirmation Order in form and substance reasonably satisfactory to the Required
Consenting Creditors on or before March 25, 2015; 
 (e) the effective date of the Plan (the “Plan Effective
Date”) shall not have occurred by 11:59 p.m., New York City time on or before March 31, 2015 (the “Plan Outside Date”); 

(f) the Plan or Disclosure Statement is amended or modified in any manner that is materially adverse to the Consenting Creditors and is not
otherwise reasonably satisfactory to the Required Consenting Creditors; 
 (g) the termination of the Backstop Commitment Agreement, once
entered into, pursuant to its terms, or the conditions precedent set forth in the Backstop Commitment Agreement, once entered into, become incapable of being or are not satisfied or have not otherwise been waived; 

(h) any of the PSA Approval Order, the BCA Approval Order, the Disclosure Statement Order, the Rights Offering Procedures Order, or the
Confirmation Order is not entered, is entered in form and substance that is not reasonably satisfactory to the Required Consenting Creditors, or does not become, or ceases to be, effective; 

(i) any of the PSA Approval Order, the BCA Approval Order, the Disclosure Statement Order, the Rights Offering Procedures Order, the
Confirmation Order or the Final DIP Order is reversed, stayed, dismissed, vacated, reconsidered or is materially modified or materially amended after entry in a manner that is not reasonably satisfactory to the Required Consenting Creditors; 

(j) the breach by the Company of any of its representations, warranties, or covenants as set forth in this Agreement that would materially and
adversely affect the Restructuring Transactions or the recovery of any Consenting Creditor as contemplated by the Restructuring Transactions; provided, however, that to terminate this Agreement pursuant to this Section 8.01(j),
the Required Consenting Creditors shall transmit a notice to the Company detailing any such breach, and if such breach is capable of being cured, the Company shall have seven (7) days after receiving such notice to cure such breach; 

(k) an examiner (with expanded powers beyond those set forth in section 1106(a)(3) and (4) of the Bankruptcy Code), or a trustee or
receiver or other responsible officer shall have been appointed in the Chapter 11 Case; 

 EXECUTION VERSION 
  

 (l) the entry of a ruling or order by the Bankruptcy Court or any other court with
appropriate jurisdiction, or the issuance by any governmental authority, including any regulatory authority of competent jurisdiction, of any injunction, judgment, decree, charge, ruling or order, in each case which would have the effect of
preventing consummation of or that would materially and adversely affect the Restructuring Transactions or that has a material adverse impact on the recovery of any Consenting Creditor as determined by the Required Consenting Creditors in their sole
discretion, it being understood that among other things, (i) any adverse ruling affecting the collateral (as set forth in the Senior Secured Indenture and related documents) securing the Senior Secured Note Claims (the “Senior
Secured Notes Collateral”) or the collateral securing the DIP Claims inconsistent with the Final DIP Order (including the representations contained therein), (ii) the appointment of a statutory committee of equity security holders
under section 1102 of the Bankruptcy Code, or (iii) any action taken by any regulatory agency against any of the Company’s facilities in the U.S. or elsewhere which could reasonably be expected to materially and adversely affect the
Restructuring Transactions or that has a material adverse impact on the recovery of any Consenting Creditor as determined by the Required Consenting Creditors in their sole discretion, shall each constitute a Termination Event under this subsection
8.01(l); provided, however, that the Company shall have ten (10) days after issuance of such injunction, judgment, decree, charge, ruling or order to obtain relief that would allow consummation of the Restructuring Transactions
that (i) does not prevent or diminish in a material way compliance with the terms of this Agreement or (ii) is otherwise satisfactory to the Required Consenting Creditors; 

(m) any of the Plan Transaction Documents shall have been modified in any material respect or withdrawn, without the prior written consent of
the Required Consenting Creditors such that any of such Plan Transaction Documents is not in form and substance reasonably satisfactory to the Required Consenting Creditors; 

(n) the Bankruptcy Court grants relief terminating, annulling, or modifying the automatic stay (as set forth in section 362 of the Bankruptcy
Code) with regard to any material assets of the Company, or the collateral securing the Senior Secured Notes or the DIP Claims, that would materially and adversely affect the Restructuring Transactions, without the prior written consent of the
Required Consenting Creditors; or 
 (o) the occurrence or existence of any event that would materially and adversely affect the
Restructuring Transactions or the Company. 
 8.02. Debtor’s Termination Events. The Debtor may terminate this Agreement as
to all Parties upon five (5) business days’ prior written notice, delivered in accordance with Section 11.11 of this Agreement, upon the occurrence of any of the following events: (a) the Plan Effective Date shall not have
occurred by the Plan Outside Date; (b) the breach by any of the Consenting Creditors of any material provision set forth in this Agreement that remains uncured for a period of seven (7) days after the receipt by the Consenting Creditors of
notice of such breach in accordance with Section 11.11 of this Agreement; (c) the issuance by any Governmental Entity of any final, non-appealable ruling or order enjoining the consummation of a material portion of the Restructuring
Transactions; or (d) if the Debtor reasonably determines, after consultation with counsel, that the failure to terminate this Agreement would be inconsistent with its fiduciary duties under applicable law as referenced in Section 4.02(d)
hereof. 

 EXECUTION VERSION 
  

 8.03. Mutual Termination. This Agreement and the obligations of all Parties
hereunder, may be terminated by mutual agreement among all of the following: (a) Required Consenting Creditors and (b) the Debtor. 

8.04. Automatic Termination. This Agreement shall terminate automatically without any further required action or notice on the earlier
to occur of (i) the Plan Effective Date, (ii) the date on which the Consenting Creditors represent less than 20% of the aggregate principal amount of Senior Secured Note Claims, (iii) the conversion of the Chapter 11 Case to a case
under chapter 7 of the Bankruptcy Code, or (iv) the dismissal of the Chapter 11 Case. 
 8.05. Individual Consenting Creditor
Termination. Notwithstanding anything to the contrary in this Agreement, a Consenting Creditor may terminate its rights and obligations under this Agreement without affecting the other Parties’ rights and obligations by providing notice of
the same in accordance with Section 11.11 of this Agreement if, and only if: 
 (a) (x) the Bankruptcy Court shall not have approved
the Solicitation Materials and entered the Disclosure Statement Order and the Rights Offering Procedures Order, each in form and substance reasonably satisfactory to the Required Consenting Creditors, on or before March 2, 2015 or (y) the
Debtor shall not have commenced solicitation of votes for the Plan on or before March 6, 2015 in accordance with the Solicitation Materials and the Disclosure Statement Order or, following such solicitation, if the Debtor commences any
resolicitation of votes for the Plan; with any termination of this Agreement pursuant to this Section 8.05(a) becoming effective as to the terminating Consenting Creditor upon the fifth
(5th) Business Day after such Consenting Creditor transmits notice to the Company of the occurrence of such termination event, if the termination has not been waived in writing by
(i) Consenting Creditors holding at least 80% in principal amount of the aggregate amount of Senior Secured Note Claims held by all Consenting Creditors party hereto at the time of such determination, and (ii) Consenting Creditors holding
at least 80% of principal amount of the aggregate amount of DIP Claims held by all Consenting Creditors party hereto at the time of such determination; 

(b) the Plan Effective Date does not occur by 11:59 p.m., New York City time on or before March 31, 2015; 

(c) the Plan (as filed with the Bankruptcy Court) or any backstop commitment agreement (including the Backstop Commitment Agreement) entered
into by the Required Consenting Creditors alters the treatment of Senior Secured Note Claims or DIP Claims set forth in the Plan Term Sheet in a manner materially adverse to Consenting Creditors, it being understood that any Economic Change (as
defined below) shall be deemed materially adverse to Consenting Creditors; 
 (d) upon the Required Consenting Creditors agreeing to
support, in writing, an amendment, modification or supplement to this Agreement or the Plan Term Sheet that constitutes an Economic Change (as defined below) to which a Consenting Creditor does not consent; 

 EXECUTION VERSION 
  

 (e) either (i) the Company pursues a Sale that is not acceptable to a Consenting
Creditor, or (ii) the Company fails to pursue a Sale that is acceptable to the Consenting Creditor; 
 (f) the Company (i) pursues
any Alternative Transaction, including any plan of reorganization (other than the Plan), or (ii) files, propounds, or otherwise publicly supports or announces that the Debtor or any of its subsidiaries will support any Sale not acceptable to a
Consenting Creditor, an Alternative Transaction (including any plan of reorganization other than the Plan), or files any motion or application seeking authority to sell any material assets, without the prior written consent of each Consenting
Creditor; or 
 (g) upon the execution of a purchase agreement for some or all of the assets of the Debtor pursuant to a credit bid that has
the consent of the Required Term Lenders (as defined in the DIP Credit Agreement) regardless of such Consenting Creditor’s consent thereto. 

As used in this Agreement, the term “Economic Change” means any amendment, modification, supplement, change or agreement that
affects the economic terms of, or participation rights under, this Agreement, the Plan Term Sheet, or the Plan Transaction Documents, including the priority, fees, interest rates, maturity, equity splits, participation rights in, or other terms of
the First Lien High Yield Notes (as defined in the Plan Term Sheet) and the Second Lien Convertible Notes (as defined in the Plan Term Sheet). 

8.06. Effect of Termination. Other than as set forth in Section 8.02(d) of this Agreement, no Party may terminate this
Agreement if such Party failed to perform or comply in all material respects with the terms and conditions of this Agreement, with such failure to perform or comply causing, or resulting in, the occurrence of one or more termination events specified
in this Agreement. The date on which termination of this Agreement as to a Party is effective in accordance with Sections 8.01-8.05 of this Agreement shall be referred to as a “Termination Date”. Except as set forth below,
upon the occurrence of a Termination Date as to a Party, this Agreement shall be of no further force and effect and each Party subject to such termination shall be released from its commitments, undertakings, and agreements under or related to this
Agreement and shall have the rights and remedies that it would have had, had it not entered into this Agreement, and shall be entitled to take all actions, whether with respect to the Restructuring Transactions or otherwise, that it would have been
entitled to take had it not entered into this Agreement; provided, however, that no such termination shall relieve any Party from liability for its breach or non-performance of its obligations hereunder prior to the date of such
termination; provided, further, that Section 8.07 of this Agreement shall survive the termination of this Agreement. Upon the occurrence of a Termination Date, any and all consents or ballots tendered by the Parties subject
to such termination before a Termination Date shall be deemed, for all purposes, to be null and void from the first instance and shall not be considered or otherwise used in any manner by the Parties in connection with the Restructuring Transactions
and this Agreement or otherwise. Notwithstanding anything to the contrary in this Agreement, the foregoing shall not be construed to prohibit the Debtor or any of the Consenting Creditors from contesting whether any such termination is in accordance
with its terms or to seek enforcement of any rights under this Agreement that arose or existed before such Termination Date, nor to seek enforcement of any rights under the Backstop Commitment Agreement or the other Exit Financing Agreements. 

8.07. No Violation of Automatic Stay. The automatic stay applicable under section 362 of the Bankruptcy Code shall not prohibit a
Consenting Creditor from taking any action necessary to effectuate the termination of this Agreement pursuant to the terms hereof. 

 EXECUTION VERSION 
  

 Section 9. Amendments. This Agreement and the Plan Term Sheet may not be modified,
amended, or supplemented in any manner except in writing signed by all of the following: (a) the Required Consenting Creditors and (b) the Debtor; provided, however, that (x) any Economic Change or (y) any
modification, amendment or supplement to Section 8.05 of this Agreement (other than Section 8.05(a) of this Agreement, which may only be modified, amended or supplemented in accordance with Section 8.05(a) of this Agreement) or this
Section 9 of this Agreement, shall require the consent of each Consenting Creditor. 
 Section 10. Waiver. The terms and
conditions of this Agreement (other than (a) those set forth in Section 8.05 and Section 9 of this Agreement and (b) an Economic Change, each of which may only be waived in accordance with Section 9 of this Agreement) may be
waived (x) by the Debtor only by a written instrument executed by the Debtor and (y) by the Required Consenting Creditors only by a written instrument executed by all of the Required Consenting Creditors. No delay on the part of any Party
in exercising any right, power or privilege pursuant to this Agreement will operate as a waiver thereof, nor will any waiver on the part of any Party of any right, power or privilege pursuant to this Agreement, nor will any single or partial
exercise of any right, power or privilege pursuant to this Agreement, preclude any other or further exercise thereof or the exercise of any other right, power or privilege pursuant to this Agreement. 

Section 11. Miscellaneous. 

11.01. Further Assurances. Subject to the other terms of this Agreement, the Parties agree to negotiate in good faith all
documentation relating to the Restructuring Transactions and execute and deliver such other instruments and perform such acts, in addition to the matters herein specified, as may be reasonably appropriate or necessary, or as may be required by order
of the Bankruptcy Court, from time to time, to effectuate the Restructuring Transactions, as applicable. 
 11.02. Time is of the
Essence. The time for performance of this Agreement shall be of the essence to this Agreement. 
 11.03. No Admission. This
Agreement is a settlement only and shall not be construed or deemed to be an admission by any Party to this Agreement as to the underlying economics of the Restructuring Transactions or any part thereof, including with respect to any return on
investment contemplated therein or the valuation of any assets, the Debtor or the Company. 
 11.04. Complete Agreement. This
Agreement constitutes the entire agreement among the Parties with respect to the subject matter hereof and supersedes all prior agreements, oral or written, among the Parties with respect thereto.

11.05. Headings. The headings of all sections of this Agreement are inserted solely for the convenience of reference and are not a
part of and are not intended to govern, limit, or aid in the construction or interpretation of any term or provision hereof. 

 EXECUTION VERSION 
  

 11.06. GOVERNING LAW; SUBMISSION TO JURISDICTION; SELECTION OF FORUM. THIS
AGREEMENT IS TO BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH STATE, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. Each Party
hereto agrees that it shall bring any action or proceeding in respect of any Claim arising out of or related to this Agreement, to the extent possible, in the Bankruptcy Court (or court of proper appellate jurisdiction) (collectively, the
“Chosen Courts”) and solely in connection with Claims arising under this Agreement: (a) irrevocably submits to the exclusive jurisdiction of the Chosen Courts; (b) waives any objection to laying venue in any such
action or proceeding in the Chosen Courts; and (c) waives any objection that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any Party hereto. 

11.07. Trial by Jury Waiver. EACH PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 11.08. Execution of Agreement. This Agreement
may be executed and delivered in any number of counterparts and by way of electronic signature and delivery, each such counterpart, when executed and delivered, shall be deemed an original, and all of which together shall constitute the same
agreement. Except as expressly provided in this Agreement, each individual executing this Agreement on behalf of a Party has been duly authorized and empowered to execute and deliver this Agreement on behalf of said Party. 

11.09. Interpretation and Rules of Construction. This Agreement is the product of negotiations among the Company and the
Consenting Creditors, and in the enforcement or interpretation hereof, is to be interpreted in a neutral manner, and any presumption with regard to interpretation for or against any Party by reason of that Party having drafted or caused to be
drafted this Agreement, or any portion hereof, shall not be effective in regard to the interpretation hereof. The Company and the Consenting Creditors were each represented by counsel during the negotiations and drafting of this Agreement and
continue to be represented by counsel. In addition, this Agreement shall be interpreted in accordance with section 102 of the Bankruptcy Code. 

11.10. Successors and Assigns. This Agreement is intended to bind and inure to the benefit of the Parties and their respective
successors and permitted assigns, as applicable. There are no third party beneficiaries under this Agreement. The rights or obligations of any Party under this Agreement may not be assigned, delegated, or transferred to any other person or entity,
provided however, that a Consenting Creditor may assign its rights or obligations under this Agreement in accordance with and to the extent permitted in Section 4.04 of this Agreement.

 EXECUTION VERSION 
  

 11.11. Notices. All notices hereunder shall be deemed given if in writing and
delivered, if sent by electronic mail, courier, or registered or certified mail (return receipt requested) to the following addresses (or at such other addresses as shall be specified by like notice): 

(a) if to Exide or Exide C.V., to: 

Exide Technologies 
 13000
Deerfield Parkway 
 Building 200 

Milton, Georgia 30004 

Attention: Phillip A. Damaska, Barbara Hatcher 

E-mail address: phillip.damaska@exide.com, barbara.hatcher@exide.com; 

with copies (which shall not constitute notice) to: 

Skadden, Arps, Slate, Meagher & Flom LLP 

Four Times Square 
 New York, NY
10036-6522 
 Attention: Kenneth S. Ziman, J. Eric Ivester 

E-mail addresses: ken.ziman@skadden.com, eric.ivester@skadden.com 

Skadden, Arps, Slate, Meagher & Flom LLP 

155 N. Wacker Dr. 
 Chicago, IL
60606 
 Attention: James J. Mazza, Jr. 

E-mail address: james.mazza@skadden.com 

and 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 920 N. King Street 

Wilmington, DE 19801 

Attention: Steven J. Daniels 

E-mail address: steven.daniels@skadden.com 

(b) if to a Consenting Creditor, to counsel for the Unofficial Noteholder Committee: 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 

Attention: Alan W. Kornberg, Alice Belisle Eaton 

E-mail addresses: akornberg@paulweiss.com, aeaton@paulweiss.com 

Young Conaway Stargatt & Taylor, LLP 

Rodney Square 
 1000 North King
Street 
 Wilmington, DE 19801 

Attention: Pauline K. Morgan, Andrew L. Magaziner 

E-mail addresses: pmorgan@ycst.com, amagaziner@ycst.com 

 EXECUTION VERSION 
  

 or such other address as may have been furnished by a Party to each of the other Parties by notice given in
accordance with the requirements set forth above. 
 Any notice given by delivery, mail, or courier shall be effective when received. 

11.12. Independent Due Diligence and Decision Making. Each Consenting Creditor hereby confirms that its decision to execute this
Agreement has been based upon its independent investigation of the operations, businesses, financial and other conditions, and prospects of the Company. 

11.13. Waiver. If the Restructuring Transactions are not consummated, or if this Agreement is terminated for any reason, the Parties
fully reserve any and all of their rights. Pursuant to Federal Rule of Evidence 408 and any other applicable rules of evidence, this Agreement and all negotiations relating hereto shall not be admissible into evidence in any proceeding other than a
proceeding to enforce its terms, pursue the consummation of the Restructuring Transactions, or the payment of damages to which a Party may be entitled under this Agreement. 

11.14. Remedies. All remedies that are available at law or in equity (including specific performance and injunctive or other equitable
relief) to any Party for a breach of this Agreement by another Party shall be available to the non-breaching Party; provided, however, that if there is a breach of this Agreement by a Party, the Parties agree that money damages shall
be an insufficient remedy to the non-breaching Parties hereto, and that the non-breaching Parties hereto shall be entitled to seek specific performance as against the breaching Party; provided further, however, that in
connection with any remedy asserted in connection with this Agreement, each Party agrees to waive any requirement for the securing or posting of a bond in connection with any remedy. 

11.15. Several, Not Joint, Claims. The agreements, representations, warranties, and obligations of the Parties under this Agreement
are, in all respects, several and not joint. 
 11.16. Severability and Construction. If any provision of this Agreement shall be
held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, binding, and
enforceable. 
 11.17. Remedies Cumulative. All rights, powers, and remedies provided under this Agreement or otherwise available in
respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any right, power, or remedy thereof by any Party shall not preclude the simultaneous or later exercise of any other such right, power, or remedy by such
Party. 
 11.18. No Third-Party Beneficiaries. Unless expressly stated in this Agreement, this Agreement shall be solely for the
benefit of the Parties hereto and no other person or entity shall be a third-party beneficiary hereof. 

 EXECUTION VERSION 
  

 11.19. Reservation of Rights. Any statement or provision of this Agreement or the Plan
Term Sheet regarding the treatment of Debtor Claims and DIP Claims shall not be and shall not be deemed to be an admission or waiver of any rights of any of the Parties with respect thereto. 

11.20. Consideration. It is hereby acknowledged by the Parties hereto that no consideration shall be due or paid, or has been paid, to
any Consenting Creditor for its agreement to vote to accept the Plan in accordance with the terms and conditions of this Agreement other than the Debtor’s agreement to use its commercially reasonable efforts to obtain approval of the Disclosure
Statement and reasonable best efforts to confirm the Plan in accordance with the terms and conditions of this Agreement. 
 11.21.
Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same agreement. Execution copies of this agreement may be
delivered by facsimile or electronic mail which shall be deemed to be an original for the purposes of this paragraph 
 IN WITNESS WHEREOF,
the Parties have executed this Agreement on the day and year first above written. 
 [Remainder of page intentionally left
blank.] 

 EXECUTION VERSION 
  

 Debtor Signature Page to the Plan Support Agreement 

 

			
	EXIDE TECHNOLOGIES
		
	By:	 	  

		 	Name:
		 	Title:

 Consenting Creditor Signature Page to 

the Plan Support Agreement 
  

			
	  

	Institution:
	Name:	 	
	Title:	 	
		
	Address:	 	
	
	E-mail address(es):
	Telephone:	 	
	Facsimile:	 	

  

					
	 Aggregate Amount of Classified Claims and Interests Beneficially Owned or Managed on
Account of:
	 
	 Senior Secured Notes
	  	$	            	  
	 Convertible Notes
	  			
	 DIP Claims
	  			
	 Other Claims (e.g., Trade Claims)
	  			
	 Interests
	  			

 EXHIBIT A to 

the Plan Support Agreement 

Plan Term Sheet 

 EXECUTION VERSION 

THIS TERM SHEET IS FOR DISCUSSION PURPOSES ONLY AND IS NOT A SOLICITATION OF ACCEPTANCES OR REJECTIONS WITH RESPECT TO A CHAPTER 11 PLAN OF REORGANIZATION.
IT DOES NOT CONTAIN ALL OF THE TERMS OF A PROPOSED PLAN OF REORGANIZATION. THIS TERM SHEET SHALL NOT BE CONSTRUED AS (I) AN OFFER CAPABLE OF ACCEPTANCE, (II) A BINDING AGREEMENT OF ANY KIND, (III) A COMMITMENT TO ENTER INTO, OR
OFFER TO ENTER INTO, ANY AGREEMENT OR (IV) AN AGREEMENT TO FILE ANY CHAPTER 11 PLAN OF REORGANIZATION OR DISCLOSURE STATEMENT OR CONSUMMATE ANY TRANSACTION OR TO VOTE FOR OR OTHERWISE SUPPORT ANY PLAN OF REORGANIZATION. THIS PLAN TERM SHEET IS
A SETTLEMENT AND DOES NOT REFLECT THE VIEWS OF ANY PARTY AS TO THE VALUATION OF THE DEBTOR OR OF THE COMPANY. 
 Does Not Contain All
Material Terms 
 PRELIMINARY TERMS AND CONDITIONS FOR PROPOSED PLAN OF 

REORGANIZATION FOR EXIDE TECHNOLOGIES 

January 7, 2015 
 This term
sheet (the “Term Sheet”) describes certain of the principal terms of a proposed restructuring (the “Restructuring”) for Exide Technologies (the “Debtor” and as reorganized post-emergence,
“Reorganized Exide,” and together with its non-debtor subsidiaries, the “Company”) to be implemented pursuant to a plan of reorganization (the “Plan”) consistent in all material respects with this
Term Sheet to be filed in the Debtor’s chapter 11 case (the “Chapter 11 Case”) pending in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). Capitalized terms used and not
defined herein shall have the meanings ascribed to them in the Second Amended and Restated Plan Support Agreement dated January 7, 2015 (the “Plan Support Agreement”).  

 

			
	IMPLEMENTATION OF RESTRUCTURING	  	The Restructuring set forth in this Term Sheet shall be effectuated through (i) the execution of the Plan Support Agreement by the Debtor and certain holders of Claims1 (such
Claims, the “Senior Notes Claims”) against Exide for 8 5/8% Senior Secured Notes due 2018 issued under that certain indenture dated as of January 25, 2011 (as amended, supplemented or otherwise modified from time to time, the
“Senior Secured Indenture” and the indenture trustee appointed thereunder, the “Indenture Trustee”) that are referred to in the Plan Support Agreement as the “Consenting Creditors,” and (ii) the
solicitation and confirmation of

  

	1 	As used in this Term Sheet the term “Claim” has the meaning ascribed to such term in section 101(5) of the Bankruptcy Code. 

 EXECUTION VERSION 
  

			
		  	 the Plan, which shall be in all material respects consistent with this Term Sheet and the Plan Support Agreement.

 
 The parties to the Plan Support Agreement and their respective advisors shall negotiate in
good faith and use all deliberate speed to negotiate the definitive documentation to implement the Restructuring consistent with the terms described in this Term Sheet and any related documentation, including without limitation, the Plan Support
Agreement, the Plan and the disclosure statement describing the Plan (the “Disclosure Statement”), the backstop commitment agreement (the “Backstop Commitment Agreement” and the parties thereto other than the
Debtor, the “Backstop Commitment Parties”) and other commitment agreements regarding exit financing in accordance with the Plan (such additional commitments, the “Exit Financing Commitment Agreements”), each of
which shall be reasonably acceptable to (i) the Debtor and (ii) the Required Consenting Creditors.

		
		  	All debt under the Plan that shall be surrendered, redeemed, exchanged or cancelled shall be deemed for all purposes, including income tax purposes, to be outstanding until the Plan Effective Date, and such debt shall not be deemed
surrendered, redeemed, exchanged or cancelled on any date earlier than the Plan Effective Date.
		
	Emergence Date	  	On or before March 31, 2015 (the “Emergence Date”).
		
	PLAN FUNDING AND CAPITAL COMMITMENTS	  	The Plan will be funded with cash from operations and the debt issuances set forth below. If the Rights Offering (defined below) is fully subscribed, funded debt at emergence will total $586.2 million comprising (i) $272.1
million of first lien notes (the “New First Lien High Yield Notes”), (ii) $291 million of second lien convertible notes (the “New Second Lien Convertible Notes”) and (iii) $23.1 million of local
European debt.
		
		  	If the Rights Offering (defined below) is not fully subscribed, funded debt on emergence may be less, but in any event, no less than $571.2 million as described
below.

  
 2 

 EXECUTION VERSION 
  

			
		  	Terms of participation in the New First Lien High Yield Notes and New Second Lien Convertible Notes are outlined below.
		
	Exit ABL Revolver	  	Current lenders of the DIP Credit Agreement, or some other lender or syndication of lenders reasonably acceptable to the Debtor and the Required Consenting Creditors, shall commit to fund a first-out, first-lien, asset based
revolving credit facility in the principal amount of $225.0 million pursuant to a new credit facility containing terms and conditions satisfactory to the Debtor and the Required Consenting Creditors (the “Exit ABL
Revolver”).
		
		  	The Exit ABL Revolver shall be secured by a first lien on accounts, inventory and receivables (the “Exit ABL Revolver Collateral”) and a third lien on the New First Lien High Yield Notes Collateral (defined
below).
		
	New First Lien High Yield Notes	  	Reorganized Exide shall issue $272.1 million in New First Lien High Yield Notes comprising $259.1 million issued pursuant to the DIP / First Lien Exchange (defined below), $8.0 million in fees issued to the Backstop
Commitment Parties and $5.0 million issued as the DIP /Second Lien Conversion Funding Fee (as defined below).
		
		  	Participation: $246.8 million of DIP Term Loan Claims (defined below) shall be exchanged for $259.1 million of New First Lien High Yield Notes, inclusive of original issue discount of 5% for every $100 of term loan
claims under the DIP Credit Agreement (“DIP Term Loan Claims”) exchanged into New First Lien High Yield Notes (the “DIP / First Lien Exchange”).
		
		  	Interest Rate: 11.0% payable semi-annually and comprising 4.0% cash interest and 7.0% paid-in-kind interest.
		
		  	Collateral: (i) a first lien on all real and personal property (excluding the Exit ABL Revolver Collateral), pledges of stock of subsidiaries (including the

  
 3 

 EXECUTION VERSION 
  

			
		  	maximum allowable voting stock of Exide Technologies C.V.) and intercompany loans (collectively, the “First Lien High Yield Notes Collateral”) and (ii) a second lien on the Exit ABL Revolver Collateral.
		
		  	Maturity: 5 years.
		
		  	Prepayments: callable at 105 in year 1, 102 in year 2, 101 in year 3, and at par thereafter.
		
		  	Other Terms: rated by at least one agency; such other terms as reasonably agreed to by the Required Consenting Creditors.
		
	New Second Lien Convertible Notes	  	Reorganized Exide shall issue between $276.0 million and $291.0 million in New Second Lien Convertible Notes depending on the amount in which the Rights Offering (defined below) is subscribed.
		
		  	If the Rights Offering (defined below) is fully subscribed for in the amount of $175 million, Reorganized Exide shall issue $291.0 million in New Second Lien Convertible Notes consisting of: $175.0 million of capital
raised pursuant to the Rights Offering (the “New Money Investment”), $100.0 million in exchange of DIP Term Loan Claims pursuant to the DIP/Second Lien Conversion Option (defined below), and $16.0 million in fees to the
Backstop Commitment Parties. The New Money Investment will include oversubscription rights.
		
		  	If the Rights Offering (defined below) is subscribed for in the amount of $160 million, Reorganized Exide shall issue $276.0 million in New Second Lien Convertible Notes consisting of: $160.0 million in New Money
Investment, $100.0 million in exchange of DIP Term Loan Claims pursuant to the DIP/Second Lien Conversion Option (defined below), and $16.0 million in fees to the Backstop Commitment Parties.
		
		  	The Backstop Commitment Parties and the Company shall continue to evaluate the feasibility of Exide Global Holding Netherlands C.V. issuing the New Second Lien Convertible Notes or a convertible equity instrument (the “C.V.
Equity Security”) containing

  
 4 

 EXECUTION VERSION 
  

			
		  	economic terms that are substantially consistent with those of the New Second Lien Convertible Notes, and otherwise as set forth in this Term Sheet, to be agreed upon by the Required Consenting Creditors. Upon the agreement of the
Company, each of the Backstop Commitment Parties, and each of the Consenting Creditors, the New Second Lien Convertible Notes or the C.V. Equity Securities, as the case may be, may be issued by Exide Global Holding Netherlands C.V.
		
		  	Participation: Backstop Commitment Parties and participants in the Rights Offering will receive New Second Lien Convertible Notes under the New Money Investment. Holders of DIP Term Loan Claims that consent to the DIP / First
Lien Exchange shall, on the Plan Effective Date, have the option to exchange up to an aggregate of $100 million of DIP Term Loan Claims (the “DIP/Second Lien Conversion Option”) into New Second Lien Convertible Notes.
		
		  	Interest Rate: 7.0% paid-in-kind semi-annually.
		
		  	Collateral: (i) second lien on the First Lien High Yield Notes Collateral and (ii) third lien on the Exit ABL Revolver Collateral.
		
		  	Maturity: 2025, with two five-year extension options.
		
		  	Conversion: (i) convertible at any time (without regard to size (i.e., each individual holder is eligible to convert)) into 80.0% of the New Exide Common Stock (as defined below), which conversion percentage shall increase by
interest paid-in-kind and which shall be, on a fully converted basis, subject to dilution from any MIP (defined below), and (ii) shall be subject to mandatory conversion at EBITDA thresholds to be determined.
		
		  	Other Terms: such other terms as reasonably agreed to by the Required Consenting Creditors, including possible adjustment to address AHYDO issue.
		
	European Debt	  	The Company shall maintain in good standing and on substantially the same terms as currently exist, its $23.1 million of foreign credit facilities and other debt at its European subsidiaries (the “Existing European
Facilities”).

  
 5 

 EXECUTION VERSION 
  

			
	New Exide Common Stock	  	Effective as of the Plan Effective Date, Reorganized Exide shall authorize and issue shares of common stock (the “New Exide Common Stock”) such that after conversion of all of the New Second Lien Convertible Notes
and on a fully diluted basis, the economic and legal rights of the New Exide Common Stock are allocated (the “New Exide Common Stock Allocation”) as follows:
		
		  	10.0% to holders of Senior Notes Claim;
		
		  	5.0% in payment to the Backstop Commitment Parties
		
		  	3.0% in payment of the DIP/Second Lien Conversion Funding Fee (defined below);
		
		  	2.0% in payment of the DIP/Second Lien Conversion Backstop Fee (defined below); and
		
		  	80.0% to holders of New Second Lien Convertible Notes upon conversion of all of the New Second Lien Convertible Notes.
		
		  	The New Exide Common Stock Allocation is subject to further dilution by paid-in-kind interest and any MIP (defined below). As of the Plan Effective Date, legal rights of the New Exide Common Stock issued to the Backstop Commitment
Parties shall be subject to agreement among the Requisite Backstop Parties.
		
	Rights Offering and Backstop	  	The Debtor shall effectuate an offering in conjunction with and pursuant to the Plan and backstopped in accordance with the terms and conditions set forth in the Backstop Commitment Agreement containing terms and conditions
customary for similar transactions and which are reasonably satisfactory to the Required Consenting Creditors (the “Rights Offering”) to existing holders of Senior Notes Claims [and members of the Creditors Committee (as defined
below)] that are accredited investors (“Accredited Investors”) or qualified institutional buyers (“QIBs”), as such terms are defined in Rule 144A promulgated under the Securities Act of 1933, as amended (the
“Securities Act”), of rights to purchase up to $175.0 million of the New Second Lien Convertible Notes.

  
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 EXECUTION VERSION 
  

			
		  	Each such eligible holder of Senior Notes Claims shall be offered the right (the “Right”) to participate in the New Money Investment pro rata in proportion to the principal amount of Senior Notes Claims held
by such holder on the record date (the aggregate amount offered to such holder, its “Pro Rata Participation Amount”).
		
		  	Existing holders of Senior Notes Claims that are not Accredited Investors or QIBs shall not be permitted to participate in the Rights Offering, but instead shall receive comparable consideration of a kind and with a value reasonably
acceptable to the Company and the Required Consenting Creditors.
		
		  	The Backstop Commitment Parties will, severally and not jointly, backstop the Rights Offering in an amount no more than $160.0 million, and shall receive incremental consideration of 5.0% to be paid-in-kind with additional New First
Lien Notes ($8.0 million in aggregate), 10% to be paid-in-kind with additional New Second Lien Convertible Notes or structured as original issue discount ($16.0 million in aggregate), and 5.0% of the fully diluted New Exide Common Stock, regardless
of whether eligible holders of Senior Notes Claims subscribe up to the aggregate $175.0 million New Second Lien Convertible Notes offered pursuant to the Rights Offering. This backstop consideration will be allocated to the Backstop Commitment
Parties pro rata based upon respective contributions to the $160 million backstopped amount.
		
		  	For the avoidance of doubt, the Rights Offering and Backstop Commitment Agreement provide for a minimum capital raise of $160.0 million.
		
	Use of Proceeds	  	Reorganized Exide shall use the proceeds of the Exit ABL Revolver and the Rights Offering among other things to (a) pay in full in cash the DIP ABL Revolver (as defined below), (b) pay administrative expenses and make other
payments as are required to confirm the Plan and cause the Plan Effective Date to occur, and (c) use the remaining net proceeds to fund Reorganized Exide’s business plan and working capital requirements at the Plan Effective
Date.

  
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 EXECUTION VERSION 
  

			
	TREATMENT OF CLAIMS UNDER THE DIP CREDIT AGREEMENT	  	
		
	DIP ABL Revolver Claims	  	Claims under the DIP Credit Agreement revolving credit facility (the “DIP ABL Revolver” and the Claims thereunder, the “DIP ABL Revolver Claims”) shall be Allowed in the aggregate amount of
principal outstanding plus accrued interest to the Plan Effective Date plus applicable fees. Each Allowed DIP ABL Revolver Claim shall be paid in full in cash on the Plan Effective Date.
		
	DIP Term Loan Claims	  	The DIP Term Loan Claims shall be Allowed in the aggregate amount of principal outstanding plus accrued interest to the Plan Effective Date plus applicable fees. If agreed, holders of DIP Term Loan Claims shall receive the right to
participate in the DIP / First Lien Exchange and the DIP/Second Lien Conversion Option.
		
		  	Holders of DIP Term Loan Claims shall also receive cash from the DIP Term Loan Refinancing Investment Option described below. Cash received from this option will retire DIP Term Loan Claims at par, pro rata, and the treatment
applicable to such retired DIP Term Loan Claims under the Plan shall be transferred to the investors participating in the DIP Term Loan Refinancing Investment Option. For the avoidance of doubt, proceeds from the DIP Term Loan Refinancing Investment
Option shall be allocated pro rata to all DIP Term Loan Claims and such claims shall be transferred to such investors by all holders of DIP Term Loan Claims on a pro rata basis.
		
	DIP/Second Lien Conversion Option	  	On the Plan Effective Date, all holders of DIP Term Loan Claims may elect to exchange up to $100 million of DIP Term Loan Claims into either:
		
		  	(a) the New First Lien High Yield Notes issued at a discount such that exchanging holders of DIP Term Loan Claims shall receive New First Lien High Yield Notes with original issue discount of 5% for DIP Term Loan Claims so
exchanged, or

  
 8 

 EXECUTION VERSION 
  

			
		  	(b)(i) New Second Lien Convertible Notes exchanged dollar for dollar, at par, for DIP Term Loan Claims so exchanged and (ii) as a funding fee, distributed to participating holders of DIP Term Loan Claims: (x)
New First Lien High Yield Notes in the aggregate amount of 5.0% of the DIP Term Loan Claims so exchanged ($5.0 million) and (y) 3.0% of fully-diluted New Exide Common Stock (together, the “DIP/Second Lien Conversion Funding Fee”),
which DIP/Second Lien Conversion Funding Fee shall be payable to the participating holders of DIP Term Loan Claims based on their pro rata participation.
		
		  	Consenting Creditors shall backstop $100 million of the DIP/Second Lien Conversion Option through their existing holdings of DIP Term Loan Claims as follows:
		
		  	 (1) each Consenting Creditor will (x) exchange 28.8% of its DIP Term Loan Claims into New Second Lien Convertible Notes pursuant to the DIP/Second Lien
Conversion Option and (y) the balance of its DIP Term Loan Claims into New First Lien High Yield Notes in accordance with this Term Sheet; and

		
		  	 (2) in the event that less than $100 million in DIP Term Loan Claims convert into New Second Lien Convertible Notes pursuant to the DIP/Second Lien
Conversion Option as of the Plan Effective Date (the amount less than $100 million, the “DIP Shortfall”), a percentage in addition to the 28.8% of such Consenting Creditors’ DIP Term Loan Claims shall automatically
also convert into New Second Lien Convertible Notes (such additional percentage, the “DIP Backstop Percentage”), and be entitled to payment of fees on account thereof, in the amounts and percentages set forth on Exhibit C attached
to the Plan Support Agreement. The DIP Shortfall will be allocated to such Consenting Creditor on a pro rata basis based upon its DIP Backstop Percentage, or as otherwise agreed to by such Consenting Creditor, as set forth on
Exhibit C to the Plan Support Agreement.

		
		  	 By way of illustration only, in the event that the DIP Shortfall totals $10 million and a Consenting Creditor agrees to a DIP Backstop Percentage
of

  
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 EXECUTION VERSION 
  

			
		  	 25%, then an additional $2.5 million of DIP Term Loan Claims held by such Consenting Creditor shall automatically convert into New Second Lien
Convertible Notes as of the Plan Effective Date.

		
		  	Consenting Creditors that agree to the backstop shall receive 2.0% of the fully-diluted New Exide Common Stock which shall be allocated to such Consenting Creditors according to their DIP Backstop Percentage (the “DIP/Second
Lien Conversion Backstop Fee”). This amount is in addition to any DIP/Second Lien Conversion Funding Fee to which such Consenting Creditors may also be entitled.
		
	TREATMENT OF CLAIMS AND INTERESTS	  	Claims against and interests in the Debtor shall be classified under the Plan and subject to the treatment set forth below.
		
	Administrative Expense Claims	  	Except with respect to administrative expense claims that are professional fee claims and except to the extent that a holder of an allowed administrative expense claim and the Debtor agree to less favorable treatment to such holder,
each holder of an allowed administrative expense claim shall be paid in full in cash on the later of the initial distribution date under the Plan and the date such administrative expense claim is allowed, and the date such allowed administrative
claim becomes due and payable, or as soon thereafter as is practicable; provided, however, that allowed administrative expense claims that arise in the ordinary course of the Debtor’s business shall be paid in full in the ordinary
course of business in accordance with the terms and subject to the conditions of any agreements governing, instruments evidencing, or other documents relating to, such transactions.
		
	Professional Claims	  	Final Fee Applications. All final requests for payment of professional claims and requests for reimbursement of expenses of members of the Creditors Committee (as defined below) must be filed no later than sixty (60) days
after the Plan Effective Date. After notice and a hearing in accordance with the procedures established by the Bankruptcy Code and prior orders of the Bankruptcy Court, the allowed amounts of such professional claims and expenses shall be determined
by the Bankruptcy Court.

  
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 EXECUTION VERSION 
  

			
		  	Payment of Interim Amounts. On the Plan Effective Date, the Debtor or Reorganized Exide shall pay all amounts owing to professionals for all outstanding amounts billed relating to prior periods through the Plan Effective
Date, other than any holdback amounts held in escrow in accordance with prior orders of the Bankruptcy Court. In order to receive payment on the Plan Effective Date for unbilled fees and expenses incurred through the Plan Effective Date, no later
than two (2) days prior to the Plan Effective Date, the professionals shall estimate fees and expenses due for periods that have not been billed as of the Plan Effective Date and shall deliver such estimate to counsel for the Debtor. Within fifteen
(15) days after the Plan Effective Date, a professional receiving payment for the estimated period shall submit a detailed invoice covering such period.
		
		  	Holdback Escrow Account. On the Plan Effective Date, the Debtor or Reorganized Exide shall fund a holdback escrow account with cash equal to the aggregate holdback amount for all professionals, and such amounts shall be
maintained in trust for the professionals with respect to whom fees have been held back pursuant to the prior orders of the Bankruptcy Court, to be paid upon final allowance by the Bankruptcy Court. Such funds shall not be considered property of the
Debtor, Reorganized Exide, or the estate.
		
	Priority Tax Claims	  	Except to the extent that a holder of an allowed priority tax claim and the Debtor agree to less favorable treatment to such holder, each holder of an allowed priority tax claim shall receive one of the following treatments on
account of such Claim: (a) cash in an amount equal to the amount of such allowed priority tax claim, (b) cash in an amount agreed to by the Debtor (or Reorganized Exide) and such holder, provided, however, that such parties may further
agree for the payment of such allowed priority tax claim to occur at a later date, or (c) at the sole option of the Debtor, cash in the aggregate amount of such allowed priority tax claim payable in installment payments over a period of not more
than five (5) years after the Petition Date pursuant to section 1129(a)(9)(C) of the Bankruptcy Code.

  
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 EXECUTION VERSION 
  

			
		
	Other Priority Claims	  	The allowed other priority claims of the Debtor shall be unimpaired. Except to the extent that a holder of an allowed other priority claim and the Debtor agree to less favorable treatment to such holder, each holder of an allowed
other priority claim shall be paid in full in cash on the later of the initial distribution date under the Plan, the date such other priority claim is allowed and the date such allowed other priority claim becomes due and payable, or as soon
thereafter as is practicable; provided, however, that other priority claims that arise in the ordinary course of the Debtor’s business and which are not due and payable on or before the Plan Effective Date shall be paid in the
ordinary course of business in accordance with the terms thereof.
		
	Treatment of Senior Notes Claims	  	The holders of Senior Notes Claims are impaired under the Plan and holders of Senior Notes Claims may vote to accept or reject the Plan.
		
		  	The Senior Notes Claims shall be allowed in the aggregate amount of principal and accrued interest owing on the Senior Secured Notes as of the Petition Date. In the event of a Sale (defined below) (a) the Senior Notes Claims
shall be Allowed as secured Claims in the amount of the value of the Collateral (as defined in the Senior Secured Indenture) (the “Senior Notes Secured Claim”) as determined at the Auction (defined below) and (b) the Senior Notes
Claims shall be allowed as unsecured deficiency Claims (the “Senior Notes Deficiency Claim”) in the amount of the remaining balance of the obligations outstanding as of the Petition Date under the Senior Secured Notes.
		
		  	Upon the Plan Effective Date, the holders of Senior Notes Claims that are QIBs or Accredited Investors shall receive, in full and final satisfaction of the Senior Notes Claims:
		
		  	(i) 10.0% of the fully diluted New Exide Common Stock;
		
		  	(ii) the right to participate in the New Money Investment described below; and
		
		  	(iii) the right to participate in the DIP Term Loan Refinancing Investment Option described below.

  
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 EXECUTION VERSION 
  

			
		
		  	New Money Investment. If the class of Senior Notes Claims votes in favor of the Plan, then the holders of Senior Notes Claims shall be entitled to participate, on a pro rata basis, in the New Money Investment. Certain
parties, to be determined, will backstop the New Money Investment in exchange for a backstop fee of 5.0% to be paid-in-kind with additional New First Lien High Yield Notes, 10% to be paid-in-kind with additional New Second Lien Convertible Notes or
structured as original issue discount and 5.0% of the fully diluted New Exide Common Stock.
		
		  	DIP Term Loan Refinancing Investment Option. Holders of Senior Notes Claims that are QIBs or Accredited Investors shall be entitled to purchase for cash, on a pro rata basis, up to the entire amount (the maximum total
investment pursuant to such option being $346.8 million) of the consideration that would otherwise be distributable to holders of DIP Term Loan Claims, composed of (i) New First Lien High Yield Notes, (ii) New Second Lien Convertible
Notes, and (iii) the DIP/Second Lien Conversion Option Funding Fee, the cash proceeds of such purchase to be distributed to holders of DIP Term Loan Claims pro rata to reduce their distributions of each of the foregoing forms of
consideration on a dollar-for-dollar basis; provided, however, that any holder of Senior Notes Claims that exercises such option shall be deemed to be a Consenting Creditor and shall participate in the DIP/Second Lien Conversion Option
and receive its pro rata share of the New Second Lien Convertible Notes pursuant to and in accordance with the DIP/Second Lien Conversion Option. Each investor’s participation in the DIP Term Loan Refinancing Investment Option shall be
capped at its pro rata share of Senior Notes Claims.
		
		  	Existing holders of Senior Notes Claims that are not Accredited Investors or QIBs shall not be permitted to participate in the New Money Investment or DIP Term Loan Refinancing Investment Option, but instead shall receive comparable
consideration of a kind and with a value reasonably acceptable to the Company and the Required Consenting Creditors. In the event

  
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 EXECUTION VERSION 
  

			
		  	distributions of New Exide Common Stock to existing holders of Senior Notes Claims that are not Accredited Investors or QIBs would require Reorganized Exide to be a public reporting company, such existing holders shall receive
comparable consideration of a kind and with a value reasonably acceptable to the Company and the Required Consenting Creditors in lieu of a distribution of New Exide Common Stock.
		
	Dual Track / Sale Alternative	  	While pursuing confirmation of the Plan, the Debtor will market the Company and solicit bids for the Company or some or all of the Company’s assets (a “Sale”). If the Debtor determines during this sale process
that, after consultation with the Required Consenting Creditors, a sale of some or all of the Company or some or all of its assets will generate more value to stakeholders than provided under the Plan, then the Company shall, after consultation with
the Consenting Creditors, pursue such a sale either through a Plan pursuant to the Plan Support Agreement and section 1123 of the Bankruptcy Code, or as a sale pursuant to section 363 of the Bankruptcy Code.
		
		  	In the event of a Sale or any other disposition of some or all of the Company or some or all of its assets, then holders of DIP Claims and Senior Notes Claims shall be entitled to credit bid the full amount of their Claims in
accordance with sections 6.4 and 15.11 of the DIP Credit Agreement, the Final DIP Order, and the Bankruptcy Code.
		
	Other Secured Claims	  	The allowed other secured Claims are unimpaired and holders of allowed other secured Claims may not vote to accept or reject the Plan.
		
		  	Except to the extent that a holder of an allowed other secured claim and the Debtor agree to less favorable treatment to such holder, at the sole option of the Debtor, (a) each allowed other secured claim shall be reinstated
and rendered unimpaired in accordance with section 1124(2) of the Bankruptcy Code, notwithstanding any contractual provision or applicable non-bankruptcy law that entitles the holder of an allowed other secured Claim to demand or to receive
payment of such allowed other secured Claim prior to the stated maturity of such allowed other secured Claim

  
 14 

 EXECUTION VERSION 
  

			
		  	from and after the occurrence of a default, (b) each holder of an allowed other secured Claim shall be paid in full in cash on the later of the initial distribution date under the Plan and the date such other secured Claim
becomes an allowed other secured Claim, or as soon thereafter as is practicable, or (c) each holder of an allowed other secured Claim shall receive the collateral securing its allowed other secured Claim on the later of the initial distribution
date under the Plan and the date such other secured Claim becomes an allowed other secured Claim, or as soon thereafter as is practicable.
		
	Convertible Subordinated Note Claims	  	The subordinated convertible note Claims are impaired.
		
		  	[Further treatment TBD.]
		
	General Unsecured Claims	  	General unsecured Claims (“General Unsecured Claims”) of creditors of the Debtor are impaired.
		
		  	[Further treatment TBD.]
		
	Intercompany Claims	  	Except as otherwise provided for in this Term Sheet, all intercompany claims shall at the election of the reorganized Debtor, be either (i) reinstated, (ii) released, waived, and discharged, (iii) treated as a dividend, or (iv)
contributed to capital or exchanged for equity of a subsidiary of the Debtor.
		
	Section 510(b) Claims	  	Section 510(b) Claims shall be impaired and the holders thereof shall be deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Section 510(b) Claims shall be cancelled, released and extinguished and
the holders of Section 510(b) Claims shall receive no distribution under the Plan on account of such Claims.
		
	Treatment of Interests in Non-Debtors	  	Interests in non-Debtor Exide affiliates shall be unimpaired and shall vest in Reorganized Exide (and its existing or newly formed subsidiaries) upon the Plan Effective Date.
		
	Interests in Exide	  	Interests in Exide, whether represented by stock, preferred share purchase rights or otherwise, shall be Impaired and the holders thereof shall be deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy
Code. Such Interests shall be cancelled,

  
 15 

 EXECUTION VERSION 
  

			
		  	released and extinguished and the holders of such Interests shall receive no distribution under the Plan on account thereof.
		
	OTHER PLAN PROVISIONS	  	The Plan shall contain terms customary and usual for a chapter 11 plan in Delaware each of which shall be satisfactory to the Required Consenting Creditors, including as set forth below.
		
	Key Contracts and Agreements	  	To the extent necessary in connection with the Plan, the Debtor shall seek to assume, pursuant to, inter alia, section 365 of the Bankruptcy Code, those agreements and contracts that may be mutually agreed upon by the Debtor
and the Consenting Creditors.
		
	Management Incentive Plan	  	The Confirmation Order shall provide that on the Plan Effective Date, Reorganized Exide will implement a new management equity incentive plan (the “MIP”) which shall provide for grants of options and/or restricted
units/equity reserved for management, directors and employees in an amount not to exceed [TBD %] of the New Exide Common Stock on a fully diluted basis, sufficient to properly incentivize the senior management team of Reorganized Exide.
		
		  	The MIP shall be reasonably satisfactory to the Required Consenting Creditors. The primary participants of the MIP, including the amount, form, exercise price, allocation and vesting of such equity-based awards with respect to such
primary participants, shall be decided upon by the new board of Reorganized Exide.
		
		  	The MIP, Key Employee Incentive Plan (approved by the Bankruptcy Court on September 17, 2013), and such annual incentive plans as may be adopted by the Debtor in the ordinary course of business (including the annual incentive plan
approved by the Bankruptcy Court on August 15, 2013) shall be deemed adopted, approved, and authorized as of the Plan Effective Date without further action of the reorganized Debtor or its board, and the reorganized Debtor shall assume any
obligations that remain outstanding as of the Plan Effective Date under any such plans.
		
	Reporting Company Status	  	Upon the Plan Effective Date, the Debtor shall cease to be a public reporting company.

  
 16 

 EXECUTION VERSION 
  

			
		
	Board Representation	  	The certificate of incorporation of Reorganized Exide shall provide that Reorganized Exide’s board of directors (the “Board of Directors”) shall consist of [TBD] members, it being understood that the size of
the Board of Directors may be increased thereafter from time to time by action of the Board of Directors. The members of the initial Board of Directors shall be selected by the affirmative vote of the Required Consenting Creditors and shall be
subject to further approval by a majority vote of each of (i) the Backstop Commitment Parties and (ii) holders of DIP Term Loan Claims that participate in the DIP /Second Lien Conversion Option, each voting as a separate class and determined by
reference to the amount of claims held by the Backstop Commitment Parties and holders of DIP Term Loan Claims that participate in the DIP/Second Lien Conversion Option participating in such vote, respectively.
		
	Senior Management	  	The chief executive officer (the “CEO”) shall be selected, and a process implemented for such selection, on terms and conditions satisfactory to the Required Consenting Creditors. Any CEO selection shall be
satisfactory to the Required Consenting Creditors.
		
	Tax Related Issues (Structuring & Otherwise)	  	The parties shall use good-faith efforts to structure the Restructuring to the maximum extent possible in a tax-efficient and cost-effective manner for the benefit of the parties to the Plan Support Agreement.
		
	Post Effective Date Governance	  	The Plan shall provide that Reorganized Exide shall enter into such agreements and amend its corporate governance documents to the extent necessary to implement the terms and conditions of the Plan.
		
	Related Party Transactions	  	The certificate of incorporation of Reorganized Exide shall include provisions with respect to any business combination with or into any related party, requiring that the consideration received by the other stockholders in
connection with such business combination is at fair value as determined by the unrelated members of the Board of Directors and approved by the vote of a majority of disinterested
stockholders.

  
 17 

 EXECUTION VERSION 
  

			
		
	Debtor and Third party Releases	  	The Plan shall contain releases customary for cases pending in Delaware.
		
	Injunction and Exculpation	  	The Plan shall contain injunction and exculpation provisions customary for cases pending in Delaware.
		
	Discharge of Debtor	  	The Plan shall contain discharge provisions customary for cases pending in Delaware.
		
	Additional	  	Pension and OPEB: The Plan shall assume all pre-Petition Date pension and OPEB obligations.
		
		  	Creditors Committee. The statutory committee of unsecured creditors (the “Creditors Committee”) shall dissolve no later than the Plan Effective Date.
		
		  	Avoidance Actions. The Plan shall release all avoidance actions not specifically retained under the Plan as of the Plan Effective Date.
		
		  	MCAM Engagement. [TBD.]
		
		  	Surety Bonds. The Debtor shall maintain its existing surety bonds in place, as may be amended from time to time, on terms and with conditions satisfactory to the Required Consenting Creditors.
		
		  	LME Investigation. [TBD.]
		
		  	Vernon Strategy. The Debtor shall implement a Vernon-related strategy on terms and conditions acceptable to and approved by the Required Consenting Creditors, and any oversight functions granted to the Creditors Committee
shall terminate or have terminated as of the Plan Effective Date.
		
		  	Vernon Personal Injury Claimants. [TBD.]
		
		  	Frisco Settlement. Reorganized Exide shall comply with the terms of the existing settlement agreement relating to Frisco, Texas and shall pursue, in good faith, a consensual resolution of the remaining regulatory and land-use
issues at Frisco, Texas with the applicable regulators and authorities. Any additional settlement, resolution or proposed term sheet for a settlement or resolution of such issues shall be on terms satisfactory to the Consenting Creditors if entered
into or agreed to prior to the Plan Effective Date.

  
 18 

 EXECUTION VERSION 
  

			
		
		  	Other Environmental Matters. The Plan shall provide that the Company maintain regulatory compliance at all of its facilities pursuant to an EH&S strategy acceptable to and approved by the Required Consenting
Creditors.
		
	No Admission	  	Nothing in the Term Sheet is or shall be deemed to be an admission of any kind.

  
 19 

 EXHIBIT B 

to the Plan Support Agreement 

Provision for Transfer Agreement 

The undersigned (“Transferee”) hereby acknowledges that it has read and understands the Plan Support Agreement, dated
as of                      (the “Agreement”),1 by and among Exide and
the Consenting Creditors, including the terms and conditions in the Agreement of any transfer to the Transferee of any Debtor Claims or DIP Claims (each such transferor, a “Transferor”), and agrees to be bound by the terms
and conditions of the Agreement to the same extent as the Transferor was thereby bound, and shall be deemed a “Consenting Creditor” under the terms of the Agreement. 

The Transferee specifically agrees to be bound by the terms and conditions of the Agreement, including Section 4.01 as it applies to the
treatment of DIP Claims, and makes all representations and warranties contained therein as of the date of the Transfer, including the agreement to be bound by the vote of the Transferor if such vote was cast before the effectiveness of the Transfer
discussed herein. 
 Date Executed: 
  

			
	  

	Institution:	 	
	Name:	 	
	Title:	 	
		
	Address:	 	
	
	E-mail address(es):
	Telephone:	 	
	Facsimile:	 	

  

					
	 Aggregate Amount of Classified Claims and Interests Beneficially Owned or Managed on
Account of:
	 
	 Senior Secured Notes
	  	$	            	  
	 Convertible Notes
	  			
	 DIP Claims
	  			
	 Other Claims (e.g., Trade Claims)
	  			
	 Interests
	  			

  

	1 	Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement. 

 EXHIBIT C 

to the Plan Support Agreement 

DIP / Second Lien Conversion Backstop Allocations 
  

																	
	 	  	Holdings of
DIP Term
Loan	 	 	DIP Backstop	 	 	Max
Conversion to
New Second
Lien Roll	 	 	Equity
Allocation	 
	 MacKay Shields LLC, as investment adviser on behalf of the Lenders it advises
	  	 	39.8	% 	 	 	47.0	% 	 	 	32.8	% 	 	 	0.93	% 
	 Alliance Bernstein High Income Fund, AB Global High Income Fund, ACM Global High Yield - Offshore and certain other affiliates
	  	 	12.8	% 	 	 	15.1	% 	 	 	32.8	% 	 	 	0.30	% 
	 D.E. Shaw Galvanic Portfolios, L.L.C and other affiliated funds
	  	 	12.6	% 	 	 	14.9	% 	 	 	32.8	% 	 	 	0.29	% 
	 Stonehill Institutional Partners, L.P. and Stonehill Master Fund LTD
	  	 	9.7	% 	 	 	11.5	% 	 	 	32.8	% 	 	 	0.23	% 
	 The Northwestern Mutual Life Insurance Company
	  	 	5.9	% 	 	 	6.9	% 	 	 	32.8	% 	 	 	0.14	% 
	 Contrarian Funds, LLC
	  	 	3.3	% 	 	 	3.8	% 	 	 	32.8	% 	 	 	0.08	% 
	 Neuberger Berman Fixed Income LLC, as investment manager
	  	 	0.7	% 	 	 	0.8	% 	 	 	32.8	% 	 	 	0.02	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Subtotal
	  	 	84.7	% 	 	 	100.0	% 	 				 	 	1.97	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Nomura Corporate Research and Asset MGMT Inc.(1)
	  	 	2.1	% 	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Brevan Howard Credit Catalysts Master Fund Limited and Brevan Howard Master Fund
Limited(1)
	  	 	1.9	% 	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 BDCM Opportunity Fund III LP(1)
	  	 	1.1	% 	 	 	—  	  	 	 	100.0	% 	 	 	0.03	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	  	 	89.8	% 	 	 	100.0	% 	 				 	 	2.00	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 Note: 
  

	(1)	Black Diamond to roll 100% of DIP into Second Lien; part of Nomura and DWIM’s pro-rata share of DIP / Second Lien Conversion to be allocated to Black Diamond. Nomura and DWIM will be rolling 100% of their DIP TL
holdings into First Lien. 

 EXHIBIT D 

to the Plan Support Agreement 

Form of Joinder to Plan Support Agreement 

The undersigned (“Additional Holder”) hereby acknowledges that it has read and understands the Second Amended and
Restated Plan Support Agreement dated as of January 7, 2015 (as amended, supplemented or otherwise modified from time to time, the “Plan Support Agreement”),1 by
and among Exide and the Consenting Creditors, including the terms and conditions in the Plan Support Agreement contained in Section 4.01 thereof governing the commitments of Consenting Creditors. The undersigned Additional Holder shall be
deemed a “Consenting Creditor” under the terms of the Plan Support Agreement and hereby agrees to be bound by the terms and conditions of the Plan Support Agreement to the same extent as if the Additional Holder was thereby
bound as a Consenting Creditor, and further, specifically agrees to be bound by the terms and conditions of Section 4.01 of the Plan Support Agreement as it applies to the treatment of DIP Claims and Senior Secured Note Claims. The
undersigned Additional Holder hereby makes all representations and warranties contained in the Plan Support Agreement as of the date set forth below, including the agreement to be bound by the Plan Support Agreement in both its capacity as a holder
of Senior Secured Note Claims and DIP Claims. 
  

			
	Date Executed:	 	  

 

	
	  

	 Name:

	 Title:

	
	 Address:

	 E-mail address(es):

	 Telephone:

	 Facsimile:

  

					
	 Aggregate Amount of Classified Claims and Interests Beneficially Owned or Managed on
Account of:
	 
	 Senior Secured Notes
	  	$	            	  
	 Convertible Notes
	  			
	 DIP Claims
	  			
	 Other Claims (e.g., Trade Claims)
	  			
	 Interests
	  			

  

	1 	Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

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