Document:

Form of Senior Notes

 Exhibit 4.1 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS SECURITY IS NOT A BANK DEPOSIT OR INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR BY ANY OTHER INSURER OR GOVERNMENTAL AGENCY. 

 THE PNC FINANCIAL SERVICES GROUP, INC. 

SENIOR NOTES DUE NOVEMBER 9, 2022 
  

			
	REGISTERED	 	CUSIP: 693475 AL9
	No.	 	ISIN: US693475AL94
		 	$                           
 

 THE PNC FINANCIAL SERVICES GROUP, INC., a corporation duly organized and existing under the laws of
Pennsylvania (herein called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal
sum of              on November 9, 2022, and to pay interest thereon (i) from and including June 10, 2012 to but excluding November 9, 2012 at the rate of
8.729% per annum and (ii) from and including November 9, 2012, to but excluding the date the principal hereof is paid or duly provided for or made available for payment at the rate of 2.854% per annum. The Senior Notes will
accrue interest from June 10, 2012 or, if interest on the Senior Notes has ever been paid or provided for, from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semiannually in
arrears on June 10 and December 10 of each year, commencing December 10, 2012 (each an “Interest Payment Date”), and at maturity, until the principal hereof is paid or made available for payment, and (to the extent that the
payment of such interest shall be legally enforceable) at the same rate per annum on any overdue principal and premium and on any overdue installment of interest. Interest shall accrue from, and including, June 10, 2012 to, but excluding, the
first Interest Payment Date and then from, and including, the immediately preceding Interest Payment Date to which interest has been paid or duly provided for, to, but excluding, the next Interest Payment Date or the maturity date, as the case may
be. Each of these periods is referred to as an “interest period.” Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date, subject to certain exceptions, will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be May 31 or November 30 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. However, interest payable on the maturity date will be paid to the person to
whom the principal will be payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Securities not less than 10 days
prior to such Special Record Date, or be paid at any time in any other lawful manner acceptable to the Trustee and not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may
be required by such exchange, all as more fully provided in said Indenture. 
 If an Interest Payment Date or the maturity date
for the Notes falls on a day that is not a Business Day, the Company will postpone the interest payment or the payment of principal and interest at maturity to the next succeeding Business Day, but the payments made on such dates will be treated as
being made on the date that the payment was first due and the Holder will not be entitled to any further interest or other payments with respect to such postponements. 
 The term “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday in the City of New York or the City of Pittsburgh which is not a day on which banking institutions are
authorized or obligated by law or executive order to close. 

 This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities” or “Notes”), issued and to be issued in one or more series under an Indenture (the “Indenture”), dated as of September 6, 2012, among the Company and The Bank of New York Mellon, as Trustee (herein
called the “Trustee,” which term includes any successor trustee under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated above, initially
issued in the aggregate principal amount of $500,100,000, and is subject to additional issuances as the Company may determine or as provided for in the Indenture. 
 This Security is not redeemable prior to the Stated Maturity thereof. This Security is not subject to any sinking fund. This Security is not convertible into, or exchangeable for, equity securities of the
Company. If an Event of Default (as defined in the Indenture) with respect to the Securities shall occur and be continuing, the principal of the Securities may be declared due and payable in the manner and with the effect provided in the Indenture.

 Unless the certificate of authentication hereon has been executed by the Trustee hereinafter referred to, by manual or
facsimile signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 The indebtedness of the Company evidenced by this Security, including the principal thereof and interest thereon, shall rank pari passu in right of payment with each other and all of the
Company’s other senior unsecured indebtedness. 
 The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of any series under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a
majority in principal amount of the outstanding Securities of all series (voting as one class) to be affected by such amendment or modification. The Indenture also contains provisions permitting the Holders of specified percentages in principal
amount of the Outstanding Securities of any series, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 No reference herein
to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest (if any) on this Security at the times, place and
rate, and in the coin or currency, herein prescribed. 
 The Securities are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiples of $1,000 thereof. This Security is a global security, represented by one or more permanent global certificates registered in the name of the nominee of The Depository Trust Company (each a
“Global Note” and collectively, the “Global Notes”). Accordingly, unless and until it is exchanged in whole or in part for individual certificates evidencing the Securities represented hereby, this Security may not be transferred
except as a whole by The Depositary Trust Company (the “Depositary”) to a nominee of such Depositary or by a nominee of such Depositary or by the Depositary or any nominee to a successor Depositary or any nominee of such successor.
Ownership of beneficial interests in this 

 
Security will be shown on, and the transfer of that ownership will be effected only through, records maintained by the applicable Depositary or its nominee (with respect to interest of persons
that have accounts with the Depositary (“Participants”) and the records of Participants (with respect to interests of persons other than Participants)). Beneficial interests in Securities by persons that hold through Participants will be
evidenced only by, and transfers of such beneficial interests with such Participants will be effected only through, records maintained by such Participants. Except as provided below, owners of beneficial interests in this Security will not be
entitled to have any individual certificates and will not be considered the owners or Holders thereof under the Indenture. 

Except in the limited circumstances set forth herein, Participants and owners of beneficial interests in the Global Notes will not be
entitled to receive Securities in definitive form and will not be considered Holders of Securities. If the Depositary is at any time unwilling, unable or ineligible to continue as Depositary and a successor Depositary is not appointed by the Company
within 90 days, or an Event of Default has occurred and is continuing, and the Depositary requests the issuance of certificated notes, the Company will issue individual certificates evidencing the Securities represented hereby in definitive form in
exchange for this Security in registered form to each person that the Depositary identifies as the beneficial owner of the Securities represented by the Global Notes upon surrender by the Depositary of the Global Notes. In addition, the Company may
at any time and in its sole discretion determine not to have any Securities represented by one or more global securities and, in such event, will issue individual certificates evidencing Securities in definitive form in exchange for this Security.
In any such instance, an owner of a beneficial interest in a Security will be entitled to physical delivery in certificated form of Securities equal in principal amount to such beneficial interest and to have such Securities registered in its name.
Securities so issued in certificated form will be issued in denominations of $2,000 and any integral multiples of $1,000 thereof and will be issued in registered form only, without coupons. Neither the Company nor the principal paying agent will be
liable for any delay by the Depositary, its nominee or any direct or indirect participant in identifying the beneficial owners of the related Securities. The Company and the principal payment agent may conclusively rely on, and will be protected in
relying on, instructions from the Depositary or its nominee for all purposes, including with respect to the registration and delivery, and the respective principal amounts, of the Securities to be issued. 

Except as provided herein, beneficial owners of Global Notes will not be entitled to receive physical delivery of Securities in
definitive form and no Global Note will be exchangeable except for another Global Note of like denomination and tenor to be registered in the name of the Depositary or its nominee. Accordingly, each person owning a beneficial interest in a Global
Note must rely on the procedures of the Depositary and, if such person is not a Participant, on the procedures of the Participant through which such person owns its interest, to exercise any rights of a Holder under the Securities. 

Beneficial interests in the Global Notes will be represented through book-entry accounts of financial institutions acting on behalf of
beneficial owners as direct and indirect participants in the Depositary. Investors may elect to hold interests in the Global Notes through the Depositary, either directly if they are Participants of such system or indirectly through organizations
that are Participants in such system. 
 The laws of some jurisdictions may require that purchasers of securities take physical
delivery of those securities in definitive form. Accordingly, the ability to transfer interests in the Securities represented by a Global Note to those persons may be limited. In addition, because the Depositary can act only on behalf of its
Participants, who in turn act on behalf of persons who hold interests through Participants, the ability of a person having an interest in Securities represented by a Global Note to pledge or transfer such interest to persons or entities that do not
participate in the Depositary’s system, or otherwise to take actions in 

 
respect of such interest, may be affected by the lack of a physical definitive security in respect of such interest. 
 Neither the Company, the Trustee, the principal paying agent nor any Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of
Securities by the Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to the Securities. 
 The Bank of New York Mellon will act as the Company’s principal paying agent with respect to the Securities through its offices presently located at 525 William Penn Place, 38th Floor, Pittsburgh, PA 15259. The Company may at any time rescind the
designation of a paying agent, appoint a successor paying agent, or approve a change in the office through which any paying agent acts. Payments of interest and principal may be made by wire-transfer in immediately available funds for Securities
held in book-entry form or, at the Company’s option in the event the Securities are not represented by Global Notes, by check mailed to the address of the person entitled to the payment as it appears in the Security register. Payment of
principal will be made upon the surrender of the relevant Securities at the offices of the principal paying agent. 
 Notices to
the Holders of registered Securities will be mailed to them at their respective addresses in the register of the Securities and will be deemed to have been given on the fourth weekday (being a day other than Saturday or Sunday) after the date of
mailing. The Indenture contains provisions setting forth certain conditions to the institution of proceedings by the Holders of Securities with respect to the Indenture or for any remedy under the Indenture. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

— end of page — 
 [signatures appear on following page] 

 IN WITNESS WHEREOF, THE PNC FINANCIAL SERVICES GROUP, INC. has caused this Note to be signed
in its name by its Chairman of the Board, President or any Executive or Senior Vice President, and by its Secretary or an Assistant Secretary, or by facsimiles of any of their signatures, and its corporate seal, or a facsimile thereof, to be hereto
affixed. 
 Dated: 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By	 	 
		 	Name:
		 	Title:

  

	
	Attest:
	
	  
	Name:
	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated: 
  

			
	THE BANK OF NEW YORK MELLON
    as Trustee
		
	By	 	 
		 	Authorized officerEX-10.1

 Exhibit 10.1 
 SUPPLY AGREEMENT 
 This Supply Agreement
(“Agreement”) is between Daramic, LLC (together with all of its Affiliates, “Daramic” or “Supplier”) and Exide Technologies (together with its Affiliates, “Buyer”). In Buyer’s
case “Affiliates” shall mean any person or entity that manufactures lead acid batteries and in which Buyer owns greater than a 50% share or ownership interest. In Supplier’s case, “Affiliates” shall mean any
person or entity that manufactures lead acid battery separators and in which Supplier owns greater than a 50% share or ownership interest. In consideration of the mutual promises, covenants, and obligations in this Agreement, the receipt and
sufficiency of which are hereby acknowledged, and with full authority to enter into the Agreement, the parties agree as follows: 
  

	1.	Headings: The captions and headings herein are for convenience and reference only and in no way define or limit the scope or content of this Agreement or in any
way affect its provisions. 

  

	2.	Term: The term of this Agreement shall commence on January 1, 2013 (the “Effective Date”) and shall continue until December 31, 2015,
unless terminated pursuant to the terms of this Agreement. This contract shall automatically be extended thereafter, one year at a time, for subsequent Contract Years unless Buyer or Daramic gives *** months prior written notice of termination by
non-renewal to the other party not later than *** in the first instance (to avoid a Contract Year 2016) and thereafter by *** of each successive year. “Contract Year” means each calendar year that this Agreement is in effect. At
least *** months prior to expiration of this Agreement, the parties will meet to discuss *** any contract extension. If for any reason whatsoever the parties do not agree on *** for *** year, then either party can ***. As a result, there will not be
a *** unless the parties agree on all ***. 

  

	3.	Supply of products: Buyer agrees to purchase from Supplier, subject to the terms of this Agreement, and Supplier agrees to sell to Buyer, the following:

  

	 	a)	Transportation PE Separators: During each Contract Year, a Volume of ***% of Buyer’s global demand for polyethylene separators for use in the manufacture of
automotive / SLI lead acid batteries (hereinafter, “Transportation PE Separators”). 

  

	 	b)	Industrial PE Separators: During each Contract Year, a Volume of ***% of Buyer’s global demand for polyethylene separators for use in the manufacture of
lead acid batteries for industrial applications (hereinafter, “Industrial PE Separators”). For extra clarification, purchases of *** separators are considered to be Industrial PE Separators for purposes of this Agreement and will
count toward Volumes as defined in this Agreement. 

  

	 	c)	Other Separators: During each Contract Year, a Volume of *** % of Buyer’s global demand for *** separators (hereinafter, “Other
Separators”). 

  

	 	d)	Excluded Products: *** are specifically excluded from the Volumes required to be purchased or supplied under this Agreement. 

 

	 	e)	Volumes: Buyer will purchase from Daramic in each Contract Year the above-stated Volumes (“Volumes”). These Volumes represent a percentage of
Buyer’s global demand, if any, and do not constitute minimum purchase Volumes or a guarantee of Buyer’s global demand levels. Buyer will have the option of purchasing up to *** percent of the Volumes as inventory of Separators in any
Contract Year. 

  

	 	f)	Regional Allocation of Purchases: Buyer agrees to purchase no less than ***% of its Regional demand Volumes for Transportation and Industrial PE Separators in
each of three Regions. “Regions” are defined as (1) The Americas; (2) Europe / Middle East and Africa; and (3) Asia Pacific. 

  

	 	g)	Manufacturing Relocation  

  

	 	i)	If Daramic elects to relocate manufacturing of a separator product during the term of this Agreement, Daramic’s costs associated with such manufacturing relocation
shall be borne by ***. 

  
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	 	ii)	Daramic must give Buyer *** days advance written notice of any manufacturing relocation pursuant to 3(g)(i) above; and *** days advance written notice if the products
to be transitioned are not qualified at the new location. Buyer and Daramic agree to work together in good faith to transition to the new manufacturing location as soon as reasonably possible. 

 

	4.	Pricing: Buyer agrees to pay prices for the separator products and Supplier agrees to sell the separator products at the prices set forth in Exhibit A.
The following special pricing conditions are applicable during the term of this Agreement: (a) a *** will apply to all orders of Industrial PE Separators and Other Separators (but not Transportation PE Separators) at quantities ordered in
greater than *** square meters by part number / Stock Keeping Unit or “SKU”. To qualify for this ***, the entire order must be shipped complete unless otherwise mutually agreed (i.e., no blanket PO’s). This *** does *** apply for
products withdrawn from or orders into consigned inventory. (b) (i) in ***, a *** will apply to incremental orders of Transportation PE Separators for incremental volumes greater than *** pure square meters once Buyer purchases a total of
at least *** pure square meters of Transportation PE and Industrial PE Separators in Contract Year ***; (ii) in *** and thereafter, a *** will apply to incremental orders of Transportation PE Separators for incremental volumes greater than ***
pure square meters once Buyer purchases a total of at least *** pure square meters of Transportation PE and Industrial PE Separators in a ***; and (c) a *** on all SKU’s will apply after SKU’s are ***. The prices set forth in Exhibit
A ***. New separator products with different widths, thicknesses, ***, etc. may be added to Exhibit A from time to time by mutual written agreement of the parties. (d) Provided Buyer qualifies an alternate supplier for *** prior to ***,
prices for Transportation PE Separators set forth in Exhibit A hereto are ***. After ***, any price adjustments will be according to the Raw Materials Adjustment (“RMA”) set forth in Exhibit A hereto. By *** of ***, and of each Contract
Year thereafter, Daramic will provide substantiation for such adjustments in the form set forth on Exhibit A. Prior to *** of each Contract Year, Buyer shall have the right to verify the documentation provided by Daramic and to verify the proper
application of the RMA. If Buyer fails to qualify the alternate supplier for *** before ***, prices for Transportation PE Separators will continue to be the prices in effect as of ***, and only after the alternate supplier is qualified will the
prices for Transportation PE Separators set forth in Exhibit A take effect. (e) In addition to the RMA adjustments described above, prices for Other Separators shall increase by *** beginning ***. 

 

	5.	Terms of Payment: Invoices are to be issued by Supplier upon shipment. All invoices must reference applicable Buyer purchase order/contract release numbers and
be sent to the Buyer’s designated address. Payment terms shall be *** days after the date of invoice by electronic funds transfer. Payments not received by Daramic within *** calendar days (not counting holidays) after the due date shall
incur a monthly fee of ***% for any month they are past due. 

  

	6.	Credit: If Buyer fails to pay invoices timely pursuant to Paragraph 5 above, then Daramic may require Buyer to make cash payment(s) within *** business days
after receipt of written notice from Daramic to resolve the outstanding balance owed to Daramic. If Buyer’s Corporate Credit Rating drops to *** or below, or liquidity (defined as cash on hand, plus unused credit facilities, including then
existing factoring) level drops below ***, then Daramic has the right to request credit enhancement reasonably acceptable to Daramic. If Buyer is more than *** for undisputed amounts in excess of ***, and fails to cure such delinquency within ***
business days after receipt of formal written notice under this Agreement, then Daramic has the right to ***. 

  

	7.	Operations & Logistics: 

  

	 	a)	Forecasts: Buyer shall provide written forecasts, updated monthly, for future shipments *** days and *** months in advance for separator products. All forecasts
provided by Buyer are estimates only and do not constitute a representation or guarantee of purchases to be made by Buyer. However, to the extent that Daramic produces products in reasonable reliance on those forecasts, then Buyer agrees to purchase
this inventory within *** of its production, within the terms of this Agreement. 

  

	 	b)	Delivery and Lead-times: Average lead times for shipment by Daramic for forecasted orders shall be no more than *** days (not counting holidays) from the date of
acknowledgement. Daramic will send acknowledgement of orders within *** business days after receipt. Specialty products and orders exceeding forecasts will be handled on a case by case basis. 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
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	 	c)	Inventory/Security of Supply: Daramic agrees to maintain minimum inventory quantities capable of meeting Buyer’s forecasted demand. Upon the expiration or
termination of this Agreement for any reason, Buyer shall purchase up to a *** day supply of all separator products Daramic has in stock for Buyer pursuant to this Section. 

 

	 	d)	Consignment Inventory in Europe: Daramic shall provide inventory on a consignment basis for Buyer’s European facilities listed on Schedule B-1 pursuant to the
consignment terms and conditions attached as Exhibit B. Buyer shall also have the option to place direct orders (non-consignment) in Europe for Industrial PE and Other Separators. These European direct orders will be shipped ***.

  

	 	e)	Quality: All materials are to be compliant with agreed specifications and drawings (the “Specifications”). The Specifications will be kept in a
mutually-agreeable location and format, and can be modified and amended only by mutual written agreement of the parties. 

  

	 	f)	Freight Terms: *** for all worldwide Buyer sites, except for consignment shipments in 7(d) above. Title to the separator products purchased hereunder and risk of loss
shall pass to Buyer upon delivery to the carrier. Daramic agrees to use Buyer’s designated carrier. 

  

	 	g)	Electronic Transactions: Supplier and Buyer shall endeavor to implement electronic transactional and communication tools to improve efficiencies and reduce costs. These
tools may include EDI, electronic invoicing, email, efax and the like. 

  

	8.	Product Discontinuation: If Daramic intends to cease production of a particular type of separator product supplied under this Agreement, Daramic agrees as
follows: 

  

	 	a)	To give Buyer at least *** advance written notice of its intent to cease production; and 

 

	 	b)	Buyer has the right to submit a final order for quantities of the discontinued separator product up to the total of Buyer’s orders of this separator type in the
*** prior to the announcement; and 

  

	 	c)	If Daramic has available an alternate separator product that could serve as a substitute for the discontinued product, Daramic agrees to make such alternate separator
product available to Buyer for a period no shorter than *** on terms to be negotiated by both parties in good faith. 

  

	9.	Product Enhancements / Cost Reductions:  

  

	 	a)	Product Enhancements: Unless restricted by contractual or confidentiality obligations, Daramic will offer Buyer access to any new lead acid battery separator technology
developed by Daramic during the term of this Agreement. 

  

	 	b)	Cost Reductions: Buyer and Daramic will *** to identify and implement cost reduction opportunities associated with the procurement, manufacture and delivery of
separator products, including the creation of an *** in the first Contract Year. *** applicable to *** are set forth in Section 4(c) herein and Exhibit A hereto. 

 

	 	c)	If, during the term of this Agreement, a *** becomes available on the market that is an improvement on existing technology used in separator products purchased under
this Agreement, and within *** under Section 3 above will be ***. 

  

	10.	Acquisition of New Entity / Sale of Business: If, during the term of this Agreement, Buyer acquires an entity that is in the *** business, then for a period of
*** after closing Daramic and Buyer will use their best efforts *** set forth in Paragraph 3 above. However, this paragraph does not obligate *** under this Agreement. Any transaction (such as a joint venture, new investments in existing joint
ventures, and the like) that occurs ***, is specifically excluded from this effort and from the definition of “Affiliates” under this Agreement. If, during the term of this Agreement, Buyer sells all or a significant part of its business
to a third party, then Buyer shall use its best efforts to *** under the terms of this Agreement for *** after the sale is closed. Likewise, if Daramic sells all or a significant part of its business to a third party, then Daramic shall use its best
efforts to *** the terms of this Agreement *** after the sale is closed. The efforts to be undertaken by either party under this Paragraph 10 are not ***. 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
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	11.	Limited Warranty and Remedies: DARAMIC WARRANTS THAT IT WILL PRODUCE THE SEPARATORS IN A GOOD AND WORKMANLIKE MANNER AND THAT THE SEPARATORS DELIVERED TO
BUYER WILL CONFORM TO THE SPECIFICATIONS. ***. DARAMIC ALSO WARRANTS TO BUYER THAT IT WILL CONVEY GOOD TITLE TO THE SEPARATOR PRODUCTS SOLD AND DELIVERED HEREUNDER FREE OF ANY LIENS AND ENCUMBRANCES. DARAMIC HEREBY EXCLUDES AND DISCLAIMS ALL
WARRANTIES EXCEPT THOSE EXPRESSLY SET FORTH IN THIS SECTION. THE REMEDIES OF BUYER FOR ANY BREACH OF THE WARRANTIES SET FORTH IN THIS SECTION SHALL, SUBJECT TO THE OTHER TERMS OF THIS AGREEMENT, BE THE REPLACEMENT OF THE NONCONFORMING PRODUCT OR, IN
THE SOLE DISCRETION OF BUYER, REFUND FOR THE PRICE PAID FOR ANY NONCONFORMING PRODUCT, TO THE EXCLUSION OF ANY AND ALL OTHER REMEDIES, INCLUDING, WITHOUT LIMITATION, SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES. NO AGREEMENT VARYING OR
EXTENDING THE FOREGOING WARRANTIES WILL BE BINDING UPON DARAMIC UNLESS IN WRITING, SIGNED BY AN OFFICER OF DARAMIC. 

  

	12.	Insurance: 

 Daramic
shall, at its own expense, provide satisfactory evidence of the following valid and in-force policies of insurance with the terms and at least the coverage limits set forth below: 

(i) Commercial General Liability Insurance with limits of liability for bodily injury and property damage (combined single
limit) not less than $***. 
 (ii) Workers’ Compensation Insurance, in an amount as required by law.

 (iii) Business Auto Liability Insurance, including coverage for all owned, non-owned and leased or hired
vehicles, with coverage limits of liability for bodily injury and property damage (combined single limit) of not less than $*** per accident. 
 (iv) Umbrella Coverage (Excess Liability) with coverage limits of $***. 
 Such
policies of insurance shall provide that they shall not be canceled nor the coverage modified nor the limits changed without the Carrier first endeavoring to give thirty (30) days’ prior written notice thereof to Buyer. No such
cancellation, modification or change shall affect Daramic’s obligation to maintain the insurance coverage required by this Agreement. Buyer shall be named as an additional insured on such policies ***. All such insurance coverage shall be
written on an “occurrence” policy form and by insurance companies that have an A.M. Best’s rating of not less than ***. Daramic shall provide Buyer with a certificate of insurance evidencing the insurance coverages. 

 

	13.	Force Majeure: A party is excused from performing its obligations under this Agreement if, to the extent, and for so long as: 

a) such party’s performance is prevented or delayed by an act or event (other than economic hardship, changes in market conditions or
insufficiency of funds) that is beyond its reasonable control and could not have been prevented or avoided by its exercise of due diligence; and 
 b) such party gives written notice to the other party, as soon as practicable under the circumstances, of the act or event that so prevents such party from performing its obligations. 

By way of illustration, and not by limitation, acts or events that may prevent or delay performance (as contemplated by this Section) include: acts of
God or the public enemy, acts of civil or military authority, terrorist acts, embargoes, epidemics, war, riots, insurrections, fires, explosions, earthquakes, floods, strikes and/or lockouts. 
 If *** is the party whose performance is prevented or delayed: 
 i) *** may elect
to suspend this Agreement and the affected order or any part thereof for the duration of the delay; and, at *** option, ***. 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
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 ii) *** agrees to *** products to *** set forth in Paragraph 3 above. 

 

	14.	Confidential Information: Daramic agrees that it and its employees will maintain in confidence all of Buyer’s data, summaries, reports, or information of a
proprietary or confidential nature. Buyer agrees that it and its employees will maintain in confidence all of Daramic’s data, summaries, reports, or information of a proprietary or confidential nature. Neither party hereto will disclose the
terms of this Agreement publicly or to any third party without the prior written consent of the other. The foregoing restrictions shall not apply to such information (i) that has become public knowledge through no fault of the party receiving
such information, (ii) that comes to such party from a third party under no obligation of confidentiality with respect to such information, (iii) that was in the possession of such party prior to the date of disclosure or is independently
developed by such party, or (iv) provided to a government regulatory or enforcement agency or to a trustee appointed pursuant to any order by such agency. In the event that either party is required to disclose the other party’s
confidential information by law or court order or in order to comply with any government regulatory requirement or any independent corporate auditing requirement, the party required to make such disclosure shall notify the other party and cooperate
in attempting to receive confidential treatment for the information prior to disclosure. 

  

	15.	Successors and Assignment: This Agreement will be binding upon and inure to the benefit of the permitted successors and assigns of the parties hereto. Except as
otherwise provided in this paragraph, neither party may delegate, transfer or assign any of its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld. If *** as the
result of the ***, Daramic will have the right to ***; Buyer’s and Daramic’s obligations under Section 3 above for any Volumes of such purchases ***. The *** of products it will continue to supply under the ***. The *** must provide
Exide written notice of its intent to ***. The Buyer agrees to negotiate in good faith with *** for *** to try and reach mutual agreement about ***. If the Buyer and *** do not reach agreement, then *** shall have the right to implement *** for the
products it supplies to Buyer. These *** will take effect *** after the close of *** described above. 

  

	16.	Governing Law: This Agreement shall be construed, governed by and enforced in accordance with the laws of the State of *** without giving effect to any choice of
law or conflict of law provision or rule (whether of the State of *** or any other jurisdiction) that would cause the application of the law of any jurisdiction other than the State of ***. In no event shall the United Nations Convention on
Contracts for the International Sale of goods apply to sales hereunder. 

  

	17.	Notices: All notices required under this Agreement shall be provided by certified mail, confirmed overnight mail, or hand delivery at the following addresses
unless and until written notice of a change thereof is delivered: 

  

			
	Exide Technologies (“Buyer”)	 	Daramic, LLC (“Daramic”)
	13000 Deerfield Parkway	 	11430 North Community House Road, Building
	200	 	Suite 350
	Milton, GA 30004	 	Charlotte, NC 28277
	Attention: VP Procurement	 	Attention: VP of Sales and Marketing With a Copy
	to: General Counsel	 	With a Copy to: General Counsel

  

	18.	Amendments: No changes or additions to this Agreement shall be valid unless the same shall be in writing and signed by all parties. 

 

	19.	Complete Agreement: On the Effective Date, this Agreement, including the Exhibits attached hereto, will constitute the entire and integrated agreement between
the parties and supersede all prior and contemporaneous communications, representations, and agreements, whether oral or written, relating to the subject matter hereof. Any additional terms and conditions of purchase orders, purchase order
acknowledgements and other ordering documents (other than quantity of the particular order and delivery location) shall have no force or effect unless the parties specifically agree in writing to give effect to such terms. 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 5 

	20.	Termination and Remedies: This Agreement may be terminated by either party in the event of a material breach of this Agreement by the other party. In the case of
a material breach, the aggrieved party must give written notice to the defaulting party specifying the nature and extent of the default and demand for cure, and if such default is not cured within *** calendar days following the date of such notice,
then the aggrieved party may terminate the Agreement for default by written notice at the end of such *** day period. This Agreement can also be terminated by either party if the other party becomes insolvent, is adjudged bankrupt, makes any
assignment for the benefit of creditors, has a receiver appointed for it or is dissolved; and the party not affected by such event shall have the right to terminate this Agreement immediately upon written notice to the other party.

  

	21.	Non-Severability: If any of the provisions hereof including any exhibit hereto shall be deemed invalid or unenforceable, the validity and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. The parties shall endeavor in good faith to replace the invalid or unenforceable provisions with valid provisions that preserve the intent of the invalidated provision.

  

	22.	Non Waiver: Except as otherwise expressly provided herein, no failure on the part of any party to exercise and no delay in exercising, any right, power or
privilege conferred by this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege conferred by this Agreement preclude any other or further exercise thereof or the exercise of any
other right, power or privilege. 

  

	23.	Government Contract Provisions: To the extent that either party hereto is or becomes subject to government contract requirements or provisions that impact the
supply or use of separator products provided hereunder, the parties agree to reasonably cooperate to amend this Agreement to add any provisions necessary to cover such events. 

 

	24.	Counterparts: This Agreement may be executed by the parties hereto in separate counterparts which together shall constitute one and the same instrument.

 The above terms have been read and accepted by: 

 

			
	DARAMIC, LLC
		
	By:	 	  

		
	Its:	 	  

		
	Date:	 	  

	
	EXIDE TECHNOLOGIES
		
	By:	 	  

		
	Its:	 	  

		
	Date:	 	  

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 6 

 Exhibit A 
 Prices 
 Exide Transportation Polyethylene Separator Prices

 *** 

Rev. 1/1/13 
 1/1/2013

  

							
	 Product Type
	 	 Region
	 	 ***
	 	 Price/sqm

	 ***
	 	***	 	***	 	$***
		 		 	***	 	$***
		 		 	***	 	$***
	 ***
	 	***	 	***	 	$***
				
	 Product Type
	 	 Region
	 	 ***
	 	 Price/sqm

	 ***
	 	***	 	***	 	$***
		 		 	***	 	$***
		 		 	***	 	$***
		 		 	***	 	$***
		 		 	***	 	$***
	 ***
	 	***	 	***	 	$***
		 		 	***	 	$***
		 		 	***	 	$***
				
	 Product Type
	 	 Region
	 	 ***
	 	 Price/sqm

	 ***
	 	***	 	***	 	€***
		 		 	***	 	€***
		 	***	 	***	 	€***
		 		 	***	 	€***
		 		 	***	 	€***
		 		 	***	 	€***
		 		 	***	 	€***
		 		 	***	 	€***
	 ***
	 		 	***	 	€***
		 		 	***	 	€***
		 		 	***	 	€***

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 7 

 Exhibit A 
 Prices 
 Exide *** Prices 

*** 
 Rev. 1/1/13

 1/1/2013 
  

											
	 Product Type
	 	 Region
	 	 Profile
	 	 BW
	 	 Family
	 	 Price/sqm

	 ***
	 	***	 	***	 	***	 	***	 	$***
		 		 	***	 	***	 	***	 	$***
		 		 	***	 	***	 	***	 	$***
		 		 	***	 	***	 	***	 	$***
		 		 	***	 	***	 	***	 	$***
		 		 	***	 	***	 	***	 	$***
		 		 	***	 	***	 	***	 	$***
						
	 ***
	 	***	 	***	 	***	 	***	 	€***
						
	 Product Type
	 	 Region
	 	 Profile
	 	 BW
	 	 Family
	 	 Price/sqm

	 ***
	 	***	 	***	 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 		 	***	 	***	 	€***
		 		 		 		 	 ***
	 	€***
		 		 		 		 	 ***
	 	€***
		 		 	***	 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***
		 	***	 	***	 	***	 	***	 	€***
		 		 	***	 	***	 	***	 	€***

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 8 

 Exhibit A 
 Prices 
 Exide *** Prices 

*** 

Effective January 1, 2013 
 1/1/2013 
  

													
	 Product Type
	 	 Profile
	 	 Width
	 	 Overall
	 	 ***
	 	 Plant
	 	 CIF Price

	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***
	 ***
	 	***	 	***	 	***	 	***	 	***	 	$***

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 9 

 Exhibit A 
 Prices 
 Exide *** Prices 

Rev. 1/1/13 
 Flex-Sil

  

											
	 Daramic #
	  	 Customer #
	  	Dimension	  	1/1/2013
Base Price	  	4th Qtr-2012
Rubber
Price*	  	1-Jan-13
Total Sales
Price/1,000
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***

 ACE-SIL 
  

											
	 Daramic #
	  	 Customer #
	  	Dimension	  	Base Price	  	4th Qtr-2012
Rubber
Price*	  	1-Jan-13
Total Sales
Price/1,000
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***
	 ***
	  	***	  	*** x *** x ***	  	$***	  	$***	  	$***

 *** 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 10 

 Exhibit A 
 Prices 
 *** 

Rev. 1/1/13 
  

															
	 Part Number
	  	 Profile
	  	Backweb
Thickness	  	O/A
Thickness	  	Height	  	Width	  	Price/SQM	  	1-Jan-13
Price/1,000
Pcs
	 ***
	  		  		  		  		  		  		  	
	 ***
	  	***	  	***	  	***	  	***	  	***	  	$***	  	***
	 ***
	  	***	  	***	  	***	  	***	  	***	  	$***	  	***
	 ***
	  	***	  	***	  	***	  	***	  	***	  	$***	  	***
								
	 ***
	  		  		  		  		  		  		  	
	 ***
	  	***	  	***	  	***	  	***	  	***	  	$***	  	***
	 ***
	  	***	  	***	  	***	  	***	  	***	  	$***	  	***

 *** 
 Price List for *** 
  

											
	 Profile
	  	 Part #
	  	Width	  	Thickness	  	Backweb	  	1-Jan-13
Price €/m2
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***
	 ***
	  	***	  	***	  	***	  	***	  	€***

 *** 
 ***

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 11 

 Exhibit A 
 Prices 
 *** 

Rev. 1/1/13 
  

									
	 Location
	  	 Item
	  	Description	  	Exide Part #	  	1-Jan-13
Price/1,000 
pieces
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***
		  	***	  	***	  	***	  	€***

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 12 

 Exhibit A 
 Prices 
  

									
	 Location
	  	 Item
	  	Description	  	Exide Part #	  	1-Jan-13
Price/1,000
pieces
		  	***	  	***	  	***	  	€ ***
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
		  	***	  	***	  	***	  	€ ***
	 ***
	  		  		  		  	
		  	***	  	***	  	***	  	$***
		  	***	  	***	  	***	  	$***
		  	***	  	***	  	***	  	$***
		  	***	  	***	  	***	  	$***

 - *** 
 - ***

 - *** 
 - *** 

- *** 
 ***: 

*** 
 ***

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 13 

 Exhibit A 
 Cost Formula 
  

									
	 ***
	  	 Invoice Price

(TBD before ***)
	  	Invoice Price (TBD
before ***)	  	Percent Change
per Component	  	Equivalent Effect
on Price
	 ***
	  	***	  	***	  		  	***
	 ***
	  	$	  	$	  	***%	  	***%
	 ***
	  	$	  	$	  	***%	  	***%
	 ***
	  	$	  	$	  	***%	  	***%
	 ***, ***, ***
	  	$	  	$	  	***%	  	***%
	 ***, ***
	  	$	  	$	  	***%	  	***%
					
	 ***
	  	 Invoice Price

(TBD before Jan. 1,

2014)
	  	Invoice Price (TBD
before Jan.
1, 2015)	  	Percent Change
per Component	  	Equivalent Effect
on Price
	 ***
	  	2014	  	2015	  		  	***
	 ***
	  	$	  	$	  	***%	  	***%
	 ***
	  	$	  	$	  	***%	  	***%
	 ***
	  	$	  	$	  	***%	  	***%
	 ***, ***, ***
	  	$	  	$	  	***%	  	***%
	 ***, ***
	  	$	  	$	  	***%	  	***%
					
	 ***
	  	 Invoice Price

(TBD before Jan. 1,

2014)
	  	Invoice Price (TBD
before Jan. 1, 2015)	  	Percent Change
per Component	  	Equivalent Effect
on Price
	 ***
	  	***	  	***	  		  	***
	 ***
	  	$	  	$	  	***%	  	***%
	 ***
	  	$	  	$	  	***%	  	***%
	 ***
	  	$	  	$	  	***%	  	***%
	 ***, ***, ***
	  	$	  	$	  	***%	  	***%
					
	 ***/***
	  	 Invoice Price

(TBD before Jan. 1,

2014)
	  	Invoice Price (TBD
before Jan. 1, 2015)	  	Percent Change
per Component	  	Equivalent Effect
on Price
	 ***
	  	***	  	***	  		  	On Price
	 ***, ***
	  	$	  	$	  	***%	  	***%
	 ***, ***, ***
	  	$	  	$	  	***%	  	***%
	 ***, ***
	  	$	  	$	  	***%	  	***%

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 14 

 Exhibit B 
 Consignment Inventory Agreement – Europe 
 CONSIGNMENT TERMS AND
CONDITIONS 
 These terms and conditions will cover separator products supplied under the Agreement to the facilities, if any, referenced in
Schedule 1 of this Exhibit B (the “Facilities”). Facilities may be added to Schedule 1 by mutual written agreement of the parties. For the separator products supplied to the Facilities, the following terms shall apply: 

 

	1.	Shipments On Consignment. All separator products supplied by Daramic to the Facilities (except for those limited exceptions agreed to by the parties) subject to
and during the term of this Agreement will be supplied on consignment (“Consigned Products”) as described in this Exhibit B. 

  

	2.	Full Pallet Quantities. All orders by Buyer for Consigned Products shall be in full pallet quantities and shall be clearly marked as a “Consigned
Order.” 

  

	3.	Buyer’s Usage Reports, Changes, Forecasts. 

 a) Once a day during the term of this Agreement, or next workday should one day be a legal holiday, Buyer will send to Daramic (using the Daramic IT System) the pallet numbers from the pallets of
Consigned Products used during the previous day (the “Usage Reports”). Buyer agrees that no partial pallet usage reporting shall be permitted and billing by Daramic shall be based on full pallet quantities. Buyer shall submit to Daramic a
firm request for shipment of Consigned Products for the *** following weeks, on every Thursday, stating the quantity, delivery destination and requested delivery date. These requests for shipment shall be in addition to and not in place of the
forecasts required by the Agreement. 
 b) Daramic will use commercially reasonable efforts to notify Buyer by fax or e-mail of
the scheduled manufacturing and shipment dates within *** hours after receipt of Buyer’s Weekly Report and will confirm acceptance of Buyer’s orders in accordance with the Agreement. Any change orders requested by Buyer must be sent to
Daramic by facsimile or e-mail and are subject to confirmation by Daramic, as provided for hereunder. 
 c) Frequency and exact
method of forecasting and information flow may be changed at a local plant level in order to support specific operating needs, if both parties are in agreement and the revised process is documented in writing. 

 

	4.	Shipment and Storage of Inbound Products. 

 (a) Shipping and delivery terms will be as described in the Agreement. Buyer will promptly notify Daramic of any Consigned Products it receives that have been damaged in transit. Any claim against a
carrier for Consigned Products damaged in transit will be made by Daramic, provided, however, that Buyer will cooperate with Daramic to the reasonable extent needed in order for Daramic to make and pursue any such claim. 

(b) Buyer shall at no cost to Daramic receive, hold, store, insure and safeguard all Consigned Products shipped to Buyer on consignment
hereunder at Buyer or joint venture partner 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 15 

 
location. All such Consigned Products shall be segregated from Buyer’s goods, and the storage area where they are kept shall be clearly labeled to indicate that the Consigned Products belong
to Daramic. Buyer’s inventory records must also clearly reflect that the Consigned Products belong to Daramic. 
 (c) Buyer
will bear the risk of loss or damage to the Consigned Products which occurs while in its possession. Buyer will insure the Consigned Products, with an insurer selected by Buyer in its sole discretion, for their full value against all loss and will
name Daramic as an additional insured under its policies covering such Consigned Products. Buyer will provide Daramic, upon its reasonable request, with current proof of such insurance. 

 

	5.	Daramaic’s Invoice Covering Purchases Of Consigned Products. Upon receipt of the Usage Reports under Section 3, Daramic will prepare and send to Buyer
Daramic’s invoice covering the Consigned Products withdrawn by Buyer from consigned inventory. Daramic’s invoices shall reference the Usage Reports and/or time period to which they relate. Billing will be at the price in effect at the time
of shipment by Daramic as determined in the Agreement. Buyer will pay for Consigned Products within *** days from the date of invoice. 

 All materials not reported on a daily Usage Report, after *** days from the date of shipment to Buyer will be deemed to have been withdrawn and shall be invoiced by Daramic immediately thereafter, and all
such invoices will be due and payable within *** days. Withdrawal of Consigned Products as confirmed in Usage Reports, shall constitute a sale by Daramic to Buyer of such Consigned Products in accordance with the Agreement and title to such
Consigned Products shall pass from Daramic to Buyer at the time of withdrawal. Such Consigned Products will be deleted from the inventory of Consigned Products. The parties agree to confer and cooperate from time to time to resolve any reporting
errors made by Buyer in its daily reports and any billing errors made by Daramic. 
  

	6.	Inventory Management. Buyer will withdraw Consigned Products on a first in, first out basis and will endeavor to withdraw Consigned Products within *** days of
delivery. Daramic shall have the right, upon reasonably adequate advanced notice to Buyer, to reasonably reduce shipments to control the quantity of Consigned Products so as not to exceed a *** day supply of Consigned Products based on Buyer’s
forecast for the Facilities. Daramic’s Customer Care Team and Buyer’s Production and Inventory Control Department shall jointly manage the consignment inventory program. 

 

	7.	Physical Audits. Daramic may require and arrange for periodic physical inspection and audit of the Consigned Product, during Buyer’s regular business hours
and upon reasonable notice to Buyer, typically once a year, but more often if Daramic so reasonably determines. Daramic may at its discretion forego such inspection and audit in any year if upon Daramic’s request Buyer provides a
satisfactory accounting and certifies the accuracy thereof by a responsible officer of Buyer; however, failure to conduct an inspection and audit in any given period will not constitute a waiver of Daramic’s right hereunder to inspect and
audit. 

  

	8.	 Title And Access. Title to Consigned Products shall remain in Daramic until withdrawal is reported in Usage Reports (or deemed reported pursuant
to Section 5) by Buyer. Either party may terminate this Consignment arrangement immediately if it determines, in its sole discretion, *** or that the other party has not honored the terms of this Consignment

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 16 

	 	
arrangement. Buyer will be responsible for any and all loss or damage while handling or storing the Consigned Products hereunder. Buyer shall not permit the Consigned Products to be subject to
any charges, encumbrances, liens and security interests of others, unless consented to by Daramic. 

  

	9.	Returned materials. Buyer shall not be entitled to return any material consigned hereunder to Daramic unless such return is allowed under the Agreement.

  

	10.	Uniform Commercial Code. Daramic shall be responsible for preparing and filing with the appropriate office or agency any Uniform Commercial Code statements and
other instruments as Daramic shall reasonably deem necessary under the laws of the local jurisdictions where the Consigned Products are located in order to reflect Daramic’s title in said Consigned Products. Buyer shall provide reasonable
assistance with such filings. 

  

	11.	Termination. During the term of this Agreement Buyer and Daramic may mutually agree in writing to remove Facilities from Exhibit A. Upon termination of the
Agreement or the removal of a Facility from this consignment program, Buyer shall take title to and Daramic will generate invoices for any unused Consigned Products not previously withdrawn. Such invoices shall thereafter be payable within *** days
from the date that the Consigned Products in question were originally shipped to Buyer. The termination of the Agreement shall automatically terminate this consignment arrangement. 

 

	12.	Agreement. The provisions of the Agreement shall control over conflicting provisions in these terms and conditions to the extent inconsistent herewith. No
modifications of these terms and conditions shall be binding on the parties unless in writing and signed by both parties hereto. 

  

	13.	*** will incur administrative costs and expenses associated with providing separator products on a consignment basis. ***. 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 17 

 Schedule B-1 
 European Consigned Inventory Facilities 
 *** 

*** 
 ***

 *** 

*** 
 ***

 *** 

*** 

  
 ***
CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** 
  
 18

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