Document:

<PAGE>

                                                                   EXHIBIT 10.17

                              Letter of Undertaking

                                                              Date:  24 May 2002

To:  Batteries Funding Limited ("Batteries Funding "); and
     Citibank, N.A., London Branch as Operating Agent and Servicer under the
     Origination Agreements and Agent under the Facilities Agreement,

Dear Sirs

1.   We refer to the following agreements:

     (i)       the Receivables Securitisation Deed dated as of the date hereof
               between CMP Batteries Limited, Exide (Dagenham) Limited, Deta UK
               Limited, Fulmen (U.K.) Limited (together with any additional
               member of the Exide Europe Group acceding to the Receivables
               Securitisation Deed after the date hereof, the "UK Originators"),
               ourselves as Offer Agent, Batteries Funding and Citibank, N.A. as
               Operating Agent (the "U.K. Origination Agreement");

     (ii)      (a) the Receivables Subrogation Agreement dated 6 June 1997 (as
               amended on the date hereof) between Compagnie Europeenne
               d'Accumulateurs S.A.S. (together with any additional member of
               the Exide Europe Group acceding to the Receivables Subrogation
               Agreement after the date hereof, the "French Originators"), Exide
               Europe Funding Ltd. ("Exide Funding"), ourselves as Offer Agent
               and Citibank, N.A. as Operating Agent and (b) the Onward
               Receivables Sale Agreement dated as of the date hereof between
               Exide Funding, ourselves as Offer Agent, Batteries Funding and
               the Operating Agent (the "French Origination Agreements");

     (iii)     the Receivables Sale Agreement dated as of the date hereof
               between Sociedad Espanola del Acumulador Tudor, S.A., Fulmen
               Iberica S.L. (together with any additional member of the Exide
               Europe Group acceding to such Receivables Sale Agreement after
               the date hereof, (the "Spanish Originators"), ourselves as Offer
               Agent, Batteries Funding and Citibank, N.A., as Operating Agent
               (the "Spanish Origination Agreement");

     (iv)      (a) the Receivables Purchase Agreement dated 3 June 1997 (as
               amended on the date hereof) between Societa Industriale
               Accumulatori S.r.l. and Compagnia Generale Accumulatori S.p.A.
               (now Exide Italia S.r.l.) (together with any additional member of
               the Exide Europe Group acceding to the Receivables Sale Agreement
               after the date hereof, the "Italian Originators"), ourselves as
               Offer Agent, Archimede Securitisation s.r.l. and Citibank, N.A.
               as the Operating Agent and (b) the Onward Sale Agreement dated as
               of the date hereof between Archimede Securitisation s.r.l.,
               Batteries Funding and the Operating Agent (the "Italian
               Origination Agreements"); the Receivables Sale Agreement dated as
               of the date hereof between Exide Automotive Batterie GmbH,
               Deutsche Exide GmbH and Deutsche Exide Standby GmbH (together
               with any additional member of the Exide Europe

<PAGE>

     (v)       Group acceding to such Receivables Sale Agreement after the date
               hereof, the "German Originators" and, together with the UK
               Originators, the French Originators, the Spanish Originators and
               the Italian Originators, the "Originators"), ourselves as Offer
               Agent, Batteries Funding and Citibank, N.A. as Operating Agent
               (the "German Origination Agreement" and, together with the UK
               Origination Agreement, the French Origination Agreements, the
               Spanish Origination Agreement and the Italian Origination
               Agreements, the "Origination Agreements"); and

     (vi)      the Facilities Agreement dated the date hereof among Batteries
               Funding, Citibank, N.A., London Branch as Agent and Arranger and
               the lenders from time to time party to the Facilities Agreement
               (the "Facilities Agreement").

2.   Unless otherwise specified in this letter, terms defined in the Origination
     Agreements shall have the same meanings when used herein.

3.   Any reference in this letter to any other agreement or document shall,
     unless the context otherwise requires, include that other agreement or
     document as from time to time amended, supplemented or novated and any
     document which amends, supplements or novates that other agreement or
     document.

4.   We hereby confirm to you that the Facilities Agreement and the Origination
     Agreements, all their respective terms and conditions and all related
     documents, fully meet our approval.

5.   We are aware that the Facilities Agreement and the Origination Agreements
     have been entered into on the condition that, inter alia, our indirect and
     beneficial ownership of at least 80 % of the issued share capital of each
     Originator and Exide Funding and we control each Originator and Exide
     Funding. We are further aware that the Facilities Agreement and the
     Origination Agreements have been entered into in reliance on this Letter of
     Undertaking.

6.   We confirm that we currently own indirectly and beneficially at least 80 %
     of the issued share capital of each Originator and Exide Funding and that
     we control each Originator and Exide Funding and we covenant, subject to
     paragraph 6 below, that we will not reduce our percentage shareholding or
     alter our control of each Originator and Exide Funding (so long as Exide
     Funding is a party to any Relevant Document) until the Facilities Agreement
     and the Origination Agreements have been terminated and all obligations
     under the Origination Agreements to each of you have been met by the
     Originators and Exide Funding.

7.   We undertake to you that in the event that our percentage shareholding in
     any Originator falls below 80% of the issued share capital of such
     Originator or that we cease to control such Originator, we shall ensure
     that (a) you (or, as the case may be, Archimede or Exide Funding) will
     receive from such Originator, prior to the date on which our shareholding
     falls below 80% of the issued share of such Originator or we cease to
     control such Originator, an amount equal to the Outstanding Balance of the
     Receivables which have been purchased from such Originator (such amount to
     be treated as a Collection for the purpose of the relevant Origination
     Agreement) and that such Originator will cease to

                                      -2-

<PAGE>

     offer to sell Receivables under the terms of the Origination Agreement to
     which it is a party.

8.   We further covenant to ensure that each Originator and Exide Funding (in
     each of their capacities under the Origination Agreements) at all times
     duly perform and comply with all their obligations to each of you under or
     in connection with the Origination Agreements and, in particular, that we
     will at all times take all measures necessary or desirable to ensure that
     the billing, credit and collection policies and procedures of such
     Originator and Exide Funding are not changed in any way that may materially
     adversely affect the interests of either of you under the Origination
     Agreements. We further covenant that we will comply with our obligations in
     this paragraph 8 even if any of the relevant obligations of the Originators
     or Exide Funding under the Origination Agreements are determined by a court
     of competent jurisdiction to be invalid or unenforceable.

9.   Without limiting our covenant in paragraph 7 above, we further covenant to
     either ensure that: (i) each Originator and Exide Funding will at all times
     duly perform and comply with or (ii) we will perform and comply with, on
     behalf of each Originator and Exide Funding, all reporting, documentary and
     calculation requirements of the Originators and Exide Funding under the
     Origination Agreements and that the same are met in a timely fashion.

10.  We further covenant to provide you with immediate notice upon becoming
     aware of any of any breach by any Originator or Exide Funding of any of its
     obligations under the Origination Agreements and any of the events
     described in (A), (B) or (C) below or any event which, with the giving of
     notice or lapse of time or both, would constitute one of such events:

     (A)  Any Originator or Exide Funding fails to pay any principal of or
          premium or interest on any debt, when the same becomes due and payable
          (whether by scheduled maturity, required prepayment, acceleration,
          demand or otherwise) and such failure shall continue after the
          applicable grace period, if any, specified in the agreement or
          instrument relating to such debt, or any other default under any
          agreement or instrument relating to any debt, or any other event,
          shall occur and shall continue after the applicable grace period, if
          any, specified in such agreement or instrument, if the effect of such
          default or event is to accelerate or to permit the acceleration of the
          maturity of such debt, or any such debt shall be declared to be due
          and payable or required to be prepaid (other than by a regularly
          scheduled required prepayment) prior to the stated maturity thereof,
          or any present or future mortgage, charge or other security interest
          on or over any assets of such Originator or Exide Funding becomes
          enforceable;

                                      -3-

<PAGE>

     (B)  a resolution is passed or a petition is presented or an order made for
          the winding up, liquidation, dissolution, merger or consolidation of
          such Originator or Exide Funding (except for the purposes of a bona
          fide reconstruction or amalgamation with your consent), or a petition
          is presented or an order made for the appointment of an administrator
          in relation to any Originator or Exide Funding,or a receiver,
          administrative receiver or manager is appointed over any part of the
          assets or undertaking of any Originator or Exide Funding, or any event
          analogous, to any of the foregoing occurs (except, in the case where a
          petition is presented (i) the proceeding is frivolous or vexatious and
          (ii) such Originators or Exide Funding is solvent and is contesting
          the proceeding in good faith); or

     (C)  an Early Amortisation Event under any of the Origination Agreements
          occurs.

11.  We undertake that we will provide to the Operating Agent all documents
     which Exide Technologies, ourselves or any European Affiliate of Exide
     Technologies is required to provide under the US DIP Facility Agreement in
     relation to ourselves and such European Affiliate as and when the same are
     provided under the US DIP Facility Agreement.

12.  This Letter of Undertaking is governed by the laws of England. We hereby
     irrevocably and for your benefit submit to the jurisdiction of the courts
     of England in any action or proceeding arising out of or relating to this
     letter, and hereby irrevocably agree that all claims in respect of such
     action or proceeding may be heard and determined in such courts. We hereby
     irrevocably waive, to the fullest extent that we may effectively do so, the
     defence of an inconvenient forum to the maintenance of such action or
     proceeding. We agree that a final judgement in any action or proceeding
     shall be conclusive and may be enforced in other jurisdictions by suit on
     the judgement or in any other manner provided by law. We irrevocably
     appoint the Person specified against our signature to accept any service of
     any process on our behalf and further undertake that we will at all times
     during the continuance of this letter maintain the appointment of some
     Person in England as its agent for the service of process and irrevocably
     agree that the service of any writ, notice or other document for the
     purposes of any suit, action or proceeding in the courts of England shall
     be duly served upon it if delivered or sent to the address of such
     appointee (or to such other address in England as that party may notify to
     the other parties hereto).

Yours faithfully

__________________________                      Process Agent:
EXIDE HOLDING EUROPE S.A.                       CMP Batteries Limited
                                                P.O. Box 1
                                                Salford Road
                                                Over Hulton
                                                Bolton BL5 1DD

                                       -4-<PAGE>

                                                                   EXHIBIT 10.18

C L I F F O R D                                    LIMITED LIABILITY PARTNERSHIP
C H A N C E

                                                                  EXECUTION COPY

                                  $177,500,000

                              FACILITIES AGREEMENT

                                dated 24 may 2002

                                       for

                            BATTERIES FUNDING LIMITED

                                   as Borrower

                                   arranged by

                          CITIBANK, N.A., LONDON BRANCH

                                      with

                          CITIBANK, N.A., LONDON BRANCH

                                 acting as Agent

           ----------------------------------------------------------

                     TERM AND REVOLVING FACILITIES AGREEMENT

           ----------------------------------------------------------

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
Clause                                                                        Page
<S>                                                                           <C>
1.    Definitions And Interpretation .........................................   1

2.    The Facilities .........................................................  13

3.    Purpose ................................................................  13

4.    Conditions Of Utilisation ..............................................  13

5.    Utilisation ............................................................  15

6.    Repayment ..............................................................  17

7.    Prepayment .............................................................  17

8.    Interest ...............................................................  19

9.    Interest Periods .......................................................  20

10.   Changes To The Calculation Of Interest .................................  20

11.   Fees ...................................................................  21

12.   Tax Gross Up  And Indemnities ..........................................  23

13.   Increased Costs ........................................................  26

14.   Other Indemnities ......................................................  27

15.   Costs And Expenses .....................................................  28

16.   Representations ........................................................  30

17.   Information Undertakings ...............................................  32

18.   General Undertakings ...................................................  33

19.   Events Of Default ......................................................  35

20.   Changes To The Lenders .................................................  37

21.   Changes To The Borrower ................................................  39

22.   Role Of The Agent And The Arranger .....................................  40

23.   Conduct Of Business By The Finance Parties .............................  48

24.   Sharing Among The Finance Parties ......................................  48

25.   Payment Mechanics ......................................................  50

26.   Set-Off ................................................................  52

27.   Notices ................................................................  52

28.   Calculations And Certificates ..........................................  54

29.   Partial Invalidity .....................................................  54

30.   Remedies And Waivers ...................................................  54

31.   Amendments And Waivers .................................................  55
</TABLE>

<PAGE>

<TABLE>
<S>                                                                             <C>
32.   Counterparts ...........................................................  55

33.   Limited Recourse And No Petition .......................................  56

34.   Governing Law ..........................................................  57

35.   Enforcement ............................................................  57

Schedule 1    The Original Parties ...........................................  58
     Part I  The Borrower ....................................................  58
     Part II The Original Lenders ............................................  59

Schedule 2    Conditions Precedent ...........................................  60

Schedule 3    Requests .......................................................  62

Schedule 4    Mandatory Cost Formulae ........................................  63

Schedule 5    Form Of Transfer Certificates ..................................  65
     Part I ..................................................................  65
     Part II  Lma Transfer Certificate (Par) .................................  66

Schedule 6    Lma Form Of Confidentiality Undertaking ........................  70

Schedule 7    Timetables .....................................................  75

Schedule 8 Application Of Payments ...........................................  76

Signatures ...................................................................  78
</TABLE>

<PAGE>

THIS AGREEMENT is dated 24 May 2002 and made between:

(1)  BATTERIES FUNDING LIMITED (the "Borrower");

(2)  CITIBANK, N.A., LONDON BRANCH (the "Arranger");

(3)  THE FINANCIAL INSTITUTIONS listed in Part II of Schedule 1 (The Original
     Parties) as lenders (the "Original Lenders"); and

(4)  CITIBANK, N.A., LONDON BRANCH as agent of the other Finance Parties (the
     "Agent").

IT IS AGREED as follows:

                                    SECTION 1

                                 INTERPRETATION

1.   DEFINITIONS AND INTERPRETATION

1.1  Definitions

     In this Agreement:

     "Additional Cost Rate" has the meaning given to it in Schedule 4 (Mandatory
     Cost formulae).

     "Administration Agreement" means the administration agreement dated on or
     about the date hereof between the Borrower and the Administrator.

     "Administrator" means AIB International Financial Services Limited as
     administrator of the Borrower pursuant to the Administration Agreement;

     "Affiliate" means, in relation to any person, a Subsidiary of that person
     or a Holding Company of that person or any other Subsidiary of that Holding
     Company.

     "Authorisation" means an authorisation, consent, approval, resolution,
     licence, exemption, filing, notarisation or registration.

     "Availability Period" means in relation to Facility A or Facility B, the
     period from and including the date of this Agreement to and including the
     Termination Date.

     "Available Commitment" means a Lender's Commitment minus:

     (a)  the amount of its participation in any outstanding Loans; and

     (b)  in relation to any proposed Utilisation (and without duplication of
          paragraph (a)), the amount of its participation in any Loans that are
          due to be made on or before the proposed Utilisation Date,

     other than, that Lender's participation in any Loans that are due to be
     repaid or prepaid on or before the proposed Utilisation Date.

                                       -1-

<PAGE>

     "Available Facility" means:

     (a)  in relation to Facility A, the lesser of (i) the aggregate for the
          time being of each Lender's Available Commitment under Facility A and
          (ii) the applicable Borrowing Base on such date; and

     (b)  in relation to Facility B, the lesser of (i) the aggregate for the
          time being of each Lender's Available Commitment under Facility B less
          the aggregate for the time being of each Lender's Available Commitment
          under Facility A and (ii) the applicable Borrowing Base on such date.

     "Borrowing Base" means, on each Settlement Date, the outstanding balance of
     Eligible Receivables in existence as of (but excluding) the Reference Date
     immediately preceding such Settlement Date (aggregated among all
     Origination Agreements) less the aggregate of the applicable Reserves (as
     aggregated among all Origination Agreements) on such Settlement Date.

     "Break Costs" means the amount (if any) by which:

     (a)  the interest which a Lender should have received for the period from
          the date of receipt of all or any part of its participation in a Loan
          or Unpaid Sum to the last day of the current Interest Period in
          respect of that Loan or Unpaid Sum, had the principal amount or Unpaid
          Sum received been paid on the last day of that Interest Period;

     exceeds:

     (b)  the amount which that Lender would be able to obtain by placing an
          amount equal to the principal amount or Unpaid Sum received by it on
          deposit with a leading bank in the London interbank market for a
          period starting on the Business Day following receipt or recovery and
          ending on the last day of the current Interest Period.

     "Business Day" means a day (other than a Saturday or Sunday) on which banks
     are open for general business in New York, London, Dublin, Paris, Frankfurt
     am Main, Milan and Madrid and which is a TARGET Day.

     "Charged Assets" means the assets of the Borrower which are subject to the
     Deed of Charge.

     "Commitment" means a Facility A Commitment or a Facility B Commitment.

     "Confidentiality Undertaking" means a confidentiality undertaking
     substantially in a recommended form of the LMA as set out in Schedule 6
     (LMA Form of Confidentiality Undertaking) or in any other form agreed
     between the Borrower and the Agent.

     "Currency Exchange Agreement" means the spot currency agreement and the
     forward currency agreement to be entered into on or prior to the first
     Utilisation Date

                                       -2-

<PAGE>

     by the Buyer and a counterparty rated at least A-1 and P-1 or its
     equivalent by the Rating Agencies (the "Swap Counterparty") to exchange,
     respectively, the amount in dollars received by the Buyer under this
     Agreement into the currencies of the denomination of the Receivables
     acquired by the Buyer under all Origination Agreements to which it is a
     party and the currencies of the amount of collections payable to the Buyer
     under all Origination Agreements to which it is a party into dollars.

     "Deed of Charge" means the deed of charge dated on or about the date hereof
     between the Borrower and the Security Trustee.

     "Default" means an Event of Default or any event or circumstance specified
     in Clause 19 (Events of Default) which would (with the expiry of a grace
     period, the giving of notice, the making of any determination under the
     Finance Documents or any combination of any of the foregoing) be an Event
     of Default.

     "Event of Default" means any event or circumstance specified as such in
     Clause 19 (Events of Default).

     "Exide Europe" means Exide Holding Europe, a French societe anonyme.

     "Exide Europe Group" means Exide Europe and all of its Subsidiaries.

     "Exide Group" means Exide Technologies and all of its Subsidiaries.

     "Exide Technologies" means Exide Technologies, a Delaware corporation;

     "Facility" means Facility A or Facility B.

     "Facility A" means the term loan facility made available under this
     Agreement as described in Clause 2 (The Facilities).

     "Facility A Commitment" means:

     (a)  in relation to an Original Lender, the amount set opposite its name
          under the heading "Facility A Commitment" in Part II of Schedule 1
          (The Original Parties) and the amount of any other Facility A
          Commitment transferred to it under this Agreement; and

     (b)  in relation to any other Lender, the amount of any Facility A
          Commitment transferred to it under and in accordance with this
          Agreement,

     to the extent not cancelled, reduced or transferred by it under and in
     accordance with this Agreement.

     "Facility A Loan" means a loan made or to be made under Facility A or the
     principal amount outstanding for the time being of that loan.

     "Facility B" means the revolving loan facility made available under this
     Agreement as described in Clause 2 (The Facilities).

                                       -3-

<PAGE>

     "Facility B Commitment" means:

     (a)  in relation to an Original Lender, the amount set opposite its name
          under the heading "Facility B Commitment" in Part II of Schedule 1
          (The Original Parties) and the amount of any other Facility B
          Commitment transferred to it under this Agreement; and

     (b)  in relation to any other Lender, the amount of any Facility B
          Commitment transferred to it under this Agreement,

     to the extent not cancelled, reduced or transferred by it under this
     Agreement.

     "Facility B Loan" means a loan made or to be made under Facility B or the
     principal amount outstanding for the time being of that loan.

     "Facility Office" means the office or offices notified by a Lender to the
     Agent in writing on or before the date it becomes a Lender (or, following
     that date, by not less than five Business Days' written notice) as the
     office or offices through which it will perform its obligations under this
     Agreement.

     "Fee Letter" means any letter or letters dated on or about the date of this
     Agreement between Citibank, N.A. and Exide Europe.

     "Final Repayment Date" means 15 June 2004.

     "Finance Document" means this Agreement, the Deed of Charge and any other
     document designated as such by the Agent and the Borrower.

     "Finance Party" means the Agent, the Arranger or a Lender.

     "GAAP" means generally accepted accounting principles in the Republic of
     Ireland.

     "Holding Company" means, in relation to a company or corporation, any other
     company or corporation in respect of which it is a Subsidiary.

     "Information Memorandum" means the document in the form approved by Exide
     Europe concerning the Exide Europe Group which, at Exide Europe's request
     and on its behalf, was prepared in relation to this transaction and
     distributed by the Arranger to selected financial institutions before the
     date of this Agreement.

     "Interest Period" means, in relation to a Loan, each period determined in
     accordance with Clause 9 (Interest Periods) and, in relation to an Unpaid
     Sum, each period determined in accordance with Clause 8.3 (Default
     interest).

     "Lender" means:

     (a)  any Original Lender; and

     (b)  any bank, financial institution, trust, fund or other entity which has
          become a Party in accordance with Clause 20 (Changes to the Lenders),

                                       -4-

<PAGE>

     which in each case has not ceased to be a Party in accordance with the
     terms of this Agreement.

     "Letter of Undertaking" means the performance letter of undertaking issued
     on the date hereof by Exide Europe.

     "LIBOR" means, in relation to any Loan:

     (a)  the applicable Screen Rate; or

     (b)  (if no Screen Rate is available for dollars or for the Interest Period
          of that Loan) the arithmetic mean of the rates (rounded upwards to
          four decimal places) as supplied to the Agent at its request quoted by
          the Reference Banks to leading banks in the London interbank market,

     as of the Specified Time on the Quotation Day for the offering of deposits
     in dollars and for a period comparable to the Interest Period for that
     Loan.

     "Loan" means a Facility A Loan or a Facility B Loan.

     "LMA" means the Loan Market Association.

     "Majority Lenders" means:

     (a)  if there are no Loans then outstanding, a Lender or Lenders whose
          Commitments aggregate more than 50% of the Total Commitments (or, if
          the Total Commitments have been reduced to zero, aggregated more than
          50% of the Total Commitments immediately prior to the reduction); or

     (b)  at any other time, a Lender or Lenders whose participations in the
          Loans then outstanding aggregate more than 50% of all the Loans then
          outstanding

     Provided that, for the purposes of this definition, if a Lender has entered
     into a Sub-Participation Agreement(s), it shall be entitled to vote such
     part or parts of its Commitments or participations in the Loans then
     outstanding subject to such Sub-Participation Agreement(s) separately, in
     accordance with such directions given by the relevant Sub-Participant and
     be treated as a separate Lender for the purposes of each amount voted.

     "Mandatory Cost" means the percentage rate per annum calculated by the
     Agent in accordance with Schedule 4 (Mandatory Cost formulae).

     "Margin" means 3.75 per cent. per annum.

     "Market Disruption Event" shall have the meaning specified in Clause
     10.2(b).

     "Material Adverse Effect" means a material adverse effect on:

     (a)  the business, condition (financial or otherwise), operations or
          prospects of the Borrower;

                                       -5-

<PAGE>

     (b)  the ability of the Borrower to perform its obligations under the
          Transaction Documents; or

     (c)  the validity or enforceability of the Transaction Documents or the
          rights or remedies of any Finance Party under the Finance Documents.

     "Origination Agreements" means as of any time each agreement pursuant to
     which a member of the Exide Group sells trade receivables originated in the
     ordinary course of business of such member company and which has been
     designated from time to time as such by the Agent. Until and unless a
     designation has been made by the Agent to the contrary, the Origination
     Agreements shall consist of (i) for the United Kingdom, the Receivables
     Securitisation Deed dated as of the date hereof between CMP Batteries
     Limited, Deta UK Limited, Fulmen (U.K.) Limited, Exide (Dagenham) Limited
     (together with any additional member of the Exide Europe Group acceding to
     the Receivables Sale Agreement after the date hereof, the "UK
     Originators"), Exide Europe, the Borrower and the Agent, (ii) for France,
     (a) the Receivables Subrogation Agreement dated 6 June 1997 (as amended on
     the date hereof) between Compagnie Europeenne d'Accumulateurs S.A.S.
     (together with any additional member of the Exide Europe Group acceding to
     the Receivables Subrogation Agreement after the date hereof, the "French
     Originators"), Exide Europe Funding Ltd. ("Exide Funding"), Exide Europe
     and the Agent and (b) the Onward Receivables Sale Agreement dated as of the
     date hereof between Exide Funding, the Borrower and the Agent, (iii) for
     Spain, the Receivables Sale Agreement dated as of the date hereof between
     Sociedad Espanola del Acumulador Tudor, S.A., Fulmen Iberica S.L. (together
     with any additional member of the Exide Europe Group acceding to the
     Receivables Sale Agreement after the date hereof, the "Spanish
     Originators"), Exide Europe, the Borrower and the Agent, (iv) for Italy,
     (a) the Receivables Purchase Agreement dated 3 June 1997 (as amended on the
     date hereof) between Exide Italia S.r.l (together with any additional
     member of the Exide Europe Group acceding to the Receivables Sale Agreement
     after the date hereof, the "Italian Originators"), Exide Europe, Archimede
     Securitisation s.r.l. ("Archimede") and the Agent, and (b) the Onward Sale
     Agreement dated as of the date hereof between Archimede Securitisation
     s.r.l., the Borrower and the Agent, and (v) for Germany, the German
     Receivables Sale Agreement dated as of the date hereof between Exide
     Automotive Batterie GmbH, Deutsche Exide GmbH and Deutsche Exide Standby
     GmbH (together with any additional member of the Exide Europe Group
     acceding to the Receivables Sale Agreement after the date hereof, the
     "German Originators"), Exide Europe, the Borrower and the Agent.

     "Origination Documents" means the Origination Agreements and the Letter of
     Undertaking.

     "Originators" means the UK Originators, the French Originators, the Spanish
     Originators, the Italian Originators, the German Originators and any other
     member of the Exide Group which is a party as a "Seller" to an Origination
     Agreement

                                       -6-

<PAGE>

     designated as such by the Agent following the date hereof and "Originator"
     means any of them.

     "Participating Member State" means any member state of the European
     Communities that adopts or has adopted the euro as its lawful currency in
     accordance with legislation of the European Community relating to Economic
     and Monetary Union.

     "Party" means a party to this Agreement.

     "Qualified Majority Lenders" means:

     (a)  if there are no Loans then outstanding, a Lender or Lenders whose
          Commitments aggregate more than 66 2/3% of the Total Commitments (or,
          if the Total Commitments have been reduced to zero, aggregated more
          than 66 2/3% of the Total Commitments immediately prior to the
          reduction); or

     (b)  at any other time, a Lender or Lenders whose participations in the
          Loans then outstanding aggregate more than 66 2/3% of all the Loans
          then outstanding,

     Provided that, for the purposes of this definition, if a Lender has entered
     into a Sub-Participation Agreement(s), it shall be entitled to vote such
     part or parts of its Commitments or participations in the Loans then
     outstanding subject to such Sub-Participation Agreement(s) separately, in
     accordance with such directions given by the relevant Sub-Participant and
     be treated as a separate Lender for the purposes of each amount voted.

     "Qualifying Lender" has the meaning given to it in Clause 12 (Tax gross-up
     and indemnities).

     "Quotation Day" means, in relation to any period for which an interest rate
     is to be determined, two Business Days before the first day of that period
     unless market practice differs in the London interbank market for dollars,
     in which case the Quotation Day for dollars will be determined by the Agent
     in accordance with market practice in the London interbank market (and if
     quotations would normally be given by leading banks in the London interbank
     market on more than one day, the Quotation Day will be the last of those
     days).

     "Rating Agencies" means Standard & Poor's Ratings Group, a division of the
     McGraw Hill Companies Inc. and Moody's Investors Service, Inc.

     "Receivable" means the indebtedness owed or which will become owed by
     identified debtors under a contract arising from a sale or contract of sale
     of merchandise or provision or contract of provision of services by an
     Originator and representing part or all of the sale price of such
     merchandise or services and includes the right to payment of any interest
     or finance charges and other obligations of such debtor with respect
     thereto.

                                      -7-

<PAGE>

     "Reference Banks" means the principal London offices of Citibank, N.A.,
     Barclays Bank PLC and The Royal Bank of Scotland plc or such other banks as
     may be appointed by the Agent.

     "Repeating Representations" means each of the representations set out in
     Clause 16 (Representations).

     "Rollover Loan" means one or more Facility B Loans:

     (a)  made or to be made on the same day that a maturing Facility B Loan is
          due to be repaid;

     (b)  the aggregate amount of which is equal to or less than the maturing
          Facility B Loan; and

     (c)  made or to be made for the purpose of refinancing a maturing Facility
          B Loan.

     "Screen Rate" means the British Bankers' Association Interest Settlement
     Rate for dollars and the Interest Period displayed on the appropriate page
     of the Telerate screen. If the agreed page is replaced or service ceases to
     be available, the Agent may specify another page or service displaying the
     appropriate rate after consultation with the Borrower and the Lenders.

     "Security" means a mortgage, charge, pledge, lien or other security
     interest securing any obligation of any person or any other agreement or
     arrangement having a similar effect.

     "Security Trustee" means Citibank, N.A., London branch or any permitted
     successors or assigns.

     "Settlement Date" means initially, the first Utilisation Date and,
     thereafter, each Thursday (or such other day as may from time to time be
     agreed between the Agent and the Originators under the Origination
     Agreements) provided that in relation to a Thursday falling in a Specified
     Bank Holiday Period, the Settlement Date shall be the Thursday immediately
     succeeding such Thursday and provided further that if any such day is not a
     Business Day, the Settlement Date shall be the next succeeding Business
     Day.

     "Special Qualified Majority Lenders" means:

     (a)  if there are no Loans then outstanding, a Lender or Lenders whose
          Commitments aggregate more than 75% of the Total Commitments (or, if
          the Total Commitments have been reduced to zero, aggregated more than
          75% of the Total Commitments immediately prior to the reduction); or

     (b)  at any other time, a Lender or Lenders whose participations in the
          Loans then outstanding aggregate more than 75% of all the Loans then
          outstanding,

                                      -8-

<PAGE>

     Provided that, for the purposes of this definition, if a Lender has entered
     into a Sub-Participation Agreement(s), it shall be entitled to vote such
     part or parts of its Commitments or participations in the Loans then
     outstanding subject to such Sub-Participation Agreement(s) separately, in
     accordance with such directions given by the relevant Sub-Participant and
     be treated as a separate Lender for the purposes of each amount voted.

     "Specified Bank Holiday Period" means the relevant calendar week:

     (a)  in which the 25/th/ of December falls;

     (b)  in which Easter falls; and

     (c)  in which the 15/th/ of August falls.

     "Specified Time" means a time determined in accordance with Schedule 7
     (Timetables).

     "Sub-Participant" means any bank, financial institution, trust, fund or
     other entity which has entered into a Sub-Participation Agreement.

     "Sub-Participation Agreement" means any agreement between a Lender and a
     Sub-Participant under which the Sub-Participant agrees to fund all or part
     of that Lender's obligations under this Agreement.

     "Subsidiary" means, in relation to any company or corporation, a company or
     corporation:

     (a)  which is controlled, directly or indirectly, by the first mentioned
          company or corporation;

     (b)  more than half the issued share capital of which is beneficially
          owned, directly or indirectly by the first mentioned company or
          corporation; or

     (c)  which is a Subsidiary of another Subsidiary of the first mentioned
          company or corporation,

     and for this purpose, a company or corporation shall be treated as being
     controlled by another if that other company or corporation is able to
     direct its affairs and/or to control the composition of its board of
     directors or equivalent body.

     "TARGET" means Trans-European Automated Real-time Gross Settlement Express
     Transfer payment system.

     "TARGET Day" means any day on which TARGET is open for the settlement of
     payments in euro.

     "Tax" means any tax, levy, impost, duty or other charge or withholding of a
     similar nature (including any penalty or interest payable in connection
     with any failure to pay or any delay in paying any of the same).

                                      -9-

<PAGE>

     "Taxes Act" means the Income and Corporation Taxes Act 1988.

     "Termination Date" means the earlier of (i) 15 February 2004 and (ii) the
     US DIP Facility Termination Date.

     "Total Commitments" means the aggregate of the Total Facility A Commitments
     and the Total Facility B Commitments, being $177,500,000 at the date of
     this Agreement.

     "Total Facility A Commitments" means the aggregate of the Facility A
     Commitments, being $110,000,000 at the date of this Agreement.

     "Total Facility B Commitments" means the aggregate of the Facility B
     Commitments, being $67,500,000 at the date of this Agreement.

     "Transaction Documents" means the Finance Documents and the Origination
     Documents.

     "Transfer Certificate" means a certificate substantially in one of the
     forms set out in Schedule 5 (Form of Transfer Certificates) or any other
     form agreed between the Agent and the Borrower.

     "Transfer Date" means, in relation to a transfer, the later of:

     (a)  the proposed Transfer Date specified in the Transfer Certificate; and

     (b)  the date on which the Agent executes the Transfer Certificate.

     "Unpaid Sum" means any sum due and payable but unpaid by the Borrower under
     the Finance Documents.

     "US DIP Facility Agreement" means the $250,000,000 secured super priority
     debtor-in-possession credit agreement entered into on 15 April 2002
     between, inter alios, Exide Technologies and certain of its Subsidiaries as
     debtors and debtors-in-possession, Citicorp USA, Inc. as Administrative
     Agent, Collateral Monitoring Agent and Arranger, Salomon Smith Barney Inc.
     as Sole Book Manager and Lead Arranger and the lenders and issuers from
     time to time party thereto.

     "US DIP Facility Termination Date" means has the meaning given to
     "Scheduled Termination Date" in the US DIP Facility Agreement.

     "Utilisation" means a utilisation of Facility A or Facility B.

     "Utilisation Date" means the date of a Utilisation, being the date on which
     the relevant Loan is to be made.

     "Utilisation Request" means a notice substantially in the form set out in
     Schedule 3 (Requests).

     "VAT" means value added tax as provided for in the Value Added Tax Act 1994
     and any other tax of a similar nature.

                                      -10-

<PAGE>

1.2  Construction

     (a)  Unless a contrary indication appears any reference in this Agreement
          to:

          (i)    the "Agent", the "Arranger", any "Finance Party", any "Lender",
                 the "Borrower" or any "Party" shall be construed so as to
                 include its successors in title, permitted assigns and
                 permitted transferees;

          (ii)   "assets" includes present and future properties, revenues and
                 rights of every description;

          (iii)  a "Finance Document" or any other agreement or instrument is a
                 reference to that Finance Document or other agreement or
                 instrument as amended or novated;

          (iv)   "indebtedness" includes any obligation (whether incurred as
                 principal or as surety) for the payment or repayment of money,
                 whether present or future, actual or contingent;

          (v)    a "person" includes any person, firm, company, corporation,
                 government, state or agency of a state or any association,
                 trust or partnership (whether or not having separate legal
                 personality) of two or more of the foregoing;

          (vi)   a "regulation" includes any regulation, rule, official
                 directive, request or guideline (whether or not having the
                 force of law) of any governmental, intergovernmental or
                 supranational body, agency, department or regulatory,
                 self-regulatory or other authority or organisation;

          (vii)  a provision of law is a reference to that provision as amended
                 or re-enacted; and

          (viii) a time of day is a reference to London time.

     (b)  Section, Clause and Schedule headings are for ease of reference only.

     (c)  Unless a contrary indication appears, a term used in any other Finance
          Document or in any notice given under or in connection with any
          Finance Document has the same meaning in that Finance Document or
          notice as in this Agreement.

     (d)  Any term used in this Agreement and which is not defined herein has
          the meaning ascribed to that term in the Origination Documents.

     (e)  A Default (other than an Event of Default) is "continuing" if it has
          not been remedied or waived and an Event of Default is "continuing" if
          it has not been waived.

                                      -11-

<PAGE>

1.3  Currency Symbols and Definitions

     "$" and "dollars" denotes lawful currency of the United States of America
     and "EUR" and "euro" means the single currency unit of the Participating
     Member States.

1.4  Third party rights

     A person who is not a Party has no right under the Contracts (Rights of
     Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of
     this Agreement.

                                      -12-

<PAGE>

                                    SECTION 2
                                  THE FACILITY

2.   THE FACILITIES

2.1  The Facilities

     Subject to the terms of this Agreement, the Lenders make available to the
     Borrower:

     (a)  a dollar term loan facility in an aggregate amount equal to the Total
          Facility A Commitments (Facility A); and

     (b)  a dollar revolving loan facility in an aggregate amount equal to the
          Total Facility B Commitments (Facility B).

2.2  Finance Parties' rights and obligations

     (a)  The obligations of each Finance Party under the Finance Documents are
          several. Failure by a Finance Party to perform its obligations under
          the Finance Documents does not affect the obligations of any other
          Party under the Finance Documents. No Finance Party is responsible for
          the obligations of any other Finance Party under the Finance
          Documents.

     (b)  The rights of each Finance Party under or in connection with the
          Finance Documents are separate and independent rights and any debt
          arising under the Finance Documents to a Finance Party from the
          Borrower shall be a separate and independent debt.

     (c)  A Finance Party may, except as otherwise stated in the Finance
          Documents, separately enforce its rights under the Finance Documents.

3.   PURPOSE

3.1  Purpose

     The Borrower shall apply all amounts borrowed by it under Facility A and
     Facility B towards funding the purchase of Receivables originated by the
     Originators pursuant to the terms and subject to the conditions of the
     Origination Agreements to which the Borrower is a party.

3.2  Monitoring

     No Finance Party is bound to monitor or verify the application of any
     amount borrowed pursuant to this Agreement.

4.   CONDITIONS OF UTILISATION

4.1  Initial conditions precedent

     The Borrower may not deliver a Utilisation Request unless the Agent has
     received all of the documents and other evidence listed in Schedule 2
     (Conditions precedent) in form and substance satisfactory to the Agent. The
     Agent shall notify the Borrower and the Lenders promptly upon being so
     satisfied.

                                      -13-

<PAGE>

4.2  Further conditions precedent

     (a)  The Borrower may not deliver a Utilisation Request under Facility B
          if:

          (i)  on the date of such Utilisation Request, a Utilisation Request
               has not been delivered for a Facility A Loan (1) in an aggregate
               amount equal to the Total Facility A Commitments or (2) in an
               amount which, when aggregated with any outstanding Facility A
               Loan, is equal to the Total Facility A Commitments; or

          (ii) on the proposed Utilisation Date, the aggregate amount of
               Facility A Loans is less than the Total Facility A Commitments.

     (b)  The Lenders will only be obliged to comply with Clause 5.4 (Lenders'
          participation) if on the date of the Utilisation Request and on the
          proposed Utilisation Date:

          (i)   in the case of a Rollover Loan, no Event of Default is
                continuing or would result from the proposed Loan; and

          (ii)  in the case of any other Loan, no (1) Default is continuing or
                would result from the proposed Loan and (2) no Programme
                Amortisation Event is continuing or would result from the
                proposed Loan; and

          (iii) the Repeating Representations to be made by the Borrower are
                true in all material respects.

                                      -14-

<PAGE>

                                    SECTION 3

                                   UTILISATION

5.   UTILISATION

5.1  Delivery of a Utilisation Request

     The Borrower may utilise a Facility by delivery to the Agent of a duly
     completed Utilisation Request not later than the Specified Time.

5.2  Completion of a Utilisation Request

     (a)  Each Utilisation Request is irrevocable and will not be regarded as
          having been duly completed unless:

          (i)   it identifies the Facility to be utilised;

          (ii)  the proposed Utilisation Date is a Business Day within the
                Availability Period;

          (iii) the currency and amount of the Utilisation comply with Clause
                5.3 (Currency and amount);

          (iv)  the proposed Interest Period complies with Clause 9 (Interest
                Periods); and

          (v)   it identifies the Origination Agreement in respect of which the
                Utilisation is to be made.

     (b)  Only one Loan may be requested in each Utilisation Request.

5.3  Currency and amount

     (a)  The currency specified in a Utilisation Request must be dollars;

     (b)  The amount of the proposed Loan must be:

          (i)   in relation to Facility A, for the first Utilisation Date, the
                amount of the Total Facility A Commitments and, thereafter, if a
                Facility A Loan is subject to mandatory prepayment pursuant to
                Clause 7.2, any amount that is less than or equal to the
                Available Facility for Facility A; or

          (ii)  in relation to Facility B, any amount that is less than or equal
                to the Available Facility for Facility B.

5.4  Lenders' participation

     (a)  If the conditions set out in this Agreement have been met, each Lender
          shall make its participation in each Loan available by the Utilisation
          Date through its Facility Office.

     (b)  The amount of each Lender's participation in each Loan will be equal
          to the proportion borne by its Available Commitment to the Available
          Facility immediately prior to making the Loan.

                                      -15-

<PAGE>

     (c)  The Agent shall notify each Lender of the amount of each Loan and the
          amount of its participation in that Loan, in each case by the
          Specified Time.

                                      -16-

<PAGE>

                                    SECTION 4

                            REPAYMENT AND PREPAYMENT

6.   REPAYMENT

6.1  Repayment of Facility A Loans

     The Borrower shall repay the Facility A Loans made to it in full on the
     Final Repayment Date.

6.2  REPAYMENT OF FACILITY B LOANS

     The Borrower shall:

     (a)  subject to paragraph (b) below, repay each Facility B Loan on the last
          day of its Interest Period; and

     (b)  with respect to any Facility B Loan which is outstanding on the
          Termination Date, repay such Facility B Loan on the Final Repayment
          Date.

7.   PREPAYMENT

7.1  Illegality

     If, at any time, it becomes unlawful in any applicable jurisdiction for a
     Lender to perform any of its obligations as contemplated by this Agreement
     or to fund or maintain its participation in any Loan:

     (a)  that Lender shall promptly notify the Agent upon becoming aware of
          that event;

     (b)  upon the Agent notifying the Borrower in writing, the Commitment of
          that Lender will be immediately cancelled; and

     (c)  the Borrower shall repay that Lender's participation in the Loans made
          to the Borrower on the last day of the relevant Interest Period
          falling not earlier than 10 Business Days following receipt by the
          Borrower of the written notice specified in paragraph (b),

     Provided, however that this Clause 7.1 shall also apply in respect of any
     similar event occurring in respect of any Sub-Participant of the relevant
     Lender in which case the cancellation of the Commitment of the
     participating Lender shall be in respect of such portion of the Commitment
     participated by the relevant Lender to such Sub-Participant and the
     repayment of such Lender's participation in the Loans shall be in respect
     of such portion of its participation in the Loans participated to such
     Sub-Participant.

7.2  Mandatory Prepayment of Facility A Loans prior to Termination Date

     If, on any Settlement Date falling prior to the Termination Date, the
     aggregate amount of Facility A Loans is in excess of the Programme Capital
     on such date, the Borrower shall, on such Settlement Date, prepay such part
     of the Facility A Loans as is equal to such excess.

                                      -17-

<PAGE>

7.3  Mandatory Prepayment of Facility B Loans on and prior to Termination Date
     If, on any Settlement Date falling on or prior to the Termination Date, the
     aggregate amount of the Facility B Loans is in excess of an amount equal to
     Programme Capital less the aggregate amount of the Facility A Loans on such
     date, the Borrower shall, on such Settlement Date, prepay such part of the
     Facility B Loans as is equal to such excess.

7.4  Mandatory Prepayment of Facility A Loans and Facility B Loans after
     Termination Date

     If, on any Settlement Date falling after the Termination Date, the
     aggregate amount of the Facility A Loans and the Facility B Loans is in
     excess of an amount equal to Programme Capital on such date, the Borrower
     shall, on such Settlement Date, prepay on a pari passu basis and pro rata
     to the Facility A Loans and the Facility B Loans, such part of the Facility
     A Loans and the Facility B Loans as is equal in aggregate to such excess.

7.5  Restrictions

     (a)  Any prepayment under this Agreement shall be made together with
          accrued interest on the amount prepaid and, subject to any Break
          Costs, without premium or penalty.

     (b)  Unless a contrary indication appears in this Agreement, any part of a
          Facility which is prepaid may be reborrowed in accordance with the
          terms of this Agreement.

     (c)  The Borrower shall not repay or prepay all or any part of the Loans
          except at the times and in the manner expressly provided for in this
          Agreement.

     (d)  No amount of the Total Commitments cancelled under this Agreement may
          be subsequently reinstated.

                                      -18-

<PAGE>

                                    SECTION 5

                              COSTS OF UTILISATION

8.   INTEREST

8.1  Calculation of interest

     The rate of interest on each Loan for each Interest Period is the
     percentage rate per annum which is the aggregate of the applicable:

     (a)  Margin;

     (b)  LIBOR; and

     (c)  Mandatory Cost, if any.

8.2  Payment of interest

     On the last day of each Interest Period the Borrower shall pay accrued
     interest on the Loan to which that Interest Period relates.

8.3  Default interest

     (a)  If the Borrower fails to pay any amount payable by it under a Finance
          Document on its due date, interest shall accrue on the overdue amount
          from the due date up to the date of actual payment (both before and
          after judgment) at a rate which, subject to paragraph (b) below is 2
          per cent higher than the rate which would have been payable if the
          overdue amount had, during the period of non-payment, constituted a
          Loan in the currency of the overdue amount for successive Interest
          Periods, each of a duration selected by the Agent (acting reasonably).
          Any interest accruing under this Clause 8.3 shall be immediately
          payable by the Borrower on demand by the Agent.

     (b)  If any overdue amount consists of all or part of a Loan which became
          due on a day which was not the last day of an Interest Period relating
          to that Loan:

          (i)  the first Interest Period for that overdue amount shall have a
               duration equal to the unexpired portion of the current Interest
               Period relating to that Loan; and

          (ii) the rate of interest applying to the overdue amount during that
               first Interest Period shall be 2 per cent. higher than the rate
               which would have applied if the overdue amount had not become
               due.

     (c)  Default interest (if unpaid) arising on an overdue amount will be
          compounded with the overdue amount at the end of each Interest Period
          applicable to that overdue amount but will remain immediately due and
          payable.

8.4  Notification of rates of interest

     The Agent shall promptly notify the Lenders and the Borrower of the
     determination of a rate of interest under this Agreement.

                                      -19-

<PAGE>

9.   INTEREST PERIODS

9.1  Interest Periods for Facility A Loans

     Each Facility A Loan shall be divided into successive Interest Periods,
     with the first Interest Period commencing on (and including) its
     Utilisation Date and ending on (but excluding) the following fourth
     Settlement Date and, thereafter, each period commencing on (and including)
     the day following the last day of the immediately preceding Interest Period
     and ending on (but excluding) the following fourth Settlement Date provided
     that no Interest Period shall extend beyond the Final Repayment Date.

9.2  Interest Period for Facility B Loans

     (a)  Subject to paragraph (b) below, the Interest Period in respect of each
          Facility B Loan will be the period commencing on its Utilisation Date
          and ending on (but excluding) the following Settlement Date; and

     (b)  in respect of any Facility B Loan which is outstanding on the
          Termination Date, initially the Interest Period set out in paragraph
          (a) above and thereafter each period commencing on (and including) the
          day following the first day of the immediately preceding Interest
          Period and ending on (but excluding) the following Settlement Date
          provided that no Interest Period shall extend beyond the Final
          Repayment Date.

9.3  Non-Business Days

     If an Interest Period would otherwise end on a day which is not a Business
     Day, that Interest Period will instead end on the next succeeding Business
     Day.

10.  CHANGES TO THE CALCULATION OF INTEREST

10.1 Absence of quotations

     Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by
     reference to the Reference Banks but a Reference Bank does not supply a
     quotation by the Specified Time on the Quotation Day, the applicable LIBOR
     shall be determined on the basis of the quotations of the remaining
     Reference Banks.

10.2 Market disruption

     (a)  If a Market Disruption Event occurs in relation to a Loan for any
          Interest Period, then the rate of interest on each Lender's share of
          that Loan for the Interest Period shall be the rate per annum which is
          the sum of:

          (i)  the Margin;

          (ii) the rate notified to the Agent by that Lender as soon as
               practicable and in any event before interest is due to be paid in
               respect of that Interest Period, to be that which expresses as a
               percentage rate per annum the cost to that Lender of funding its
               participation in that Loan from whatever source it may reasonably
               select; and

                                      -20-

<PAGE>

          (iii) the Mandatory Cost, if any, applicable to that Lender's
                participation in the Loan.

     (b)  In this Agreement "Market Disruption Event" means:

          (i)   at or about noon on the Quotation Day for the relevant Interest
                Period the Screen Rate is not available and none or only one of
                the Reference Banks supplies a rate to the Agent to determine
                LIBOR for dollars and the Interest Period; or

          (ii)  before close of business in London on the Quotation Day for the
                relevant Interest Period, the Agent receives notifications from
                a Lender or Lenders (whose participations in a Loan exceed 50
                per cent. of that Loan) that the cost to it of obtaining
                matching deposits in the London interbank market would be in
                excess of LIBOR.

10.3 Alternative basis of interest or funding

     (a)  If a Market Disruption Event occurs and the Agent or the Borrower so
          requires, the Agent and the Borrower shall enter into negotiations
          (for a period of not more than thirty days) with a view to agreeing a
          substitute basis for determining the rate of interest.

     (b)  Any alternative basis agreed pursuant to paragraph (a) above shall,
          with the prior consent of all the Lenders and the Borrower, be binding
          on all Parties.

10.4 Break Costs

     (a)  The Borrower shall, within three Business Days of demand by a Finance
          Party, pay to that Finance Party its Break Costs attributable to all
          or any part of a Loan or Unpaid Sum being paid by the Borrower on a
          day other than the last day of an Interest Period for that Loan or
          Unpaid Sum.

     (b)  Each Lender shall, as soon as reasonably practicable after a demand by
          the Agent, provide a certificate confirming the amount of its Break
          Costs for any Interest Period in which they accrue.

11.  FEES

11.1 Upfront Commitment Fee

     The Borrower shall pay to the Agent (for the account of each Lender) on the
     first Utilisation Date a fee in dollars of:

     (a)  in relation to Lenders which are not lenders under the DIP Facility
          Agreement, 2 per cent. of the aggregate Commitments of such Lenders;
          and

     (b)  in relation to Lenders which are lenders under the DIP Facility
          Agreement, 2.50 per cent. of the aggregate Commitments of such
          Lenders.

                                      -21-

<PAGE>

11.2 Ongoing Commitment fee

     (a)  The Borrower shall pay to the Agent (for the account of each Lender) a
          fee in dollars computed at the rate of 0.75 per cent. per annum on:

          (i)  that Lender's Available Commitment under Facility A for the
               Availability Period;

          (ii) that Lender's Available Commitment under Facility B for the
               Availability Period.

     (b)  The accrued commitment fee is payable on the last day of each relevant
          Interest Period which ends during the Availability Period, on the last
          day of the Availability Period and, if cancelled in full, on the
          cancelled amount of the relevant Lender's Available Commitment at the
          time the cancellation is effective.

11.3 Structuring fee

     Exide Europe has agreed to pay to the Arranger no later than on the first
     Utilisation Date a structuring fee in the amount agreed in the Fees Letter.

11.4 Agency fee

     The Borrower shall pay or cause to be paid to the Agent (for its own
     account) an agency fee in the amount and at the times agreed in the Fees
     Letter.

                                      -22-

<PAGE>

                                    SECTION 6

                         ADDITIONAL PAYMENT OBLIGATIONS

12.  TAX GROSS UP AND INDEMNITIES

12.1 Definitions

     (a)  In this Agreement:

          "Protected Party" means a Finance Party which is or will be subject to
          any liability, or required to make any payment, for or on account of
          Tax in relation to a sum received or receivable (or any sum deemed for
          the purposes of Tax to be received or receivable) under a Finance
          Document.

          "Qualifying Lender" means a Lender which is beneficially entitled to
          interest payable to that Lender in respect of an advance under a
          Finance Document and is:

          (i)   a financial institution which is licensed, pursuant to Section 9
                of the Central Bank Act, 1971 to carry on banking business in
                Ireland and whose facility office is located in Ireland and who
                is carrying on a bona fide banking business in Ireland for the
                purposes of Section 246(3)(a) of the Taxes Consolidation Act,
                1997; or

          (ii)  an entity which is an authorised credit institution under the
                terms of the Second European Union Banking Directive and has
                duly established a branch in Ireland or has made all necessary
                notifications to its home state competent authorities required
                thereunder in relation to its intention to carry on banking
                business in Ireland and such financial institution is recognised
                by the Revenue Commissioners of Ireland as carrying on a bona
                fide banking business in Ireland for the purposes of Section
                246(3) of the Taxes Consolidation Act, 1997 of Ireland and has
                its facility office located in Ireland; or

          (iii) a company (within the meaning of Section 4 of the Taxes
                Consolidation Act, 1997) resident in a country with which
                Ireland has a double taxation treaty (a "Treaty") or resident in
                a member state of the European Union (other than Ireland)
                provided such company does not provide its commitment through a
                branch in Ireland; or

          (iv)  a person in respect of which an authorisation granted by the
                Revenue Commissioners of Ireland is subsisting entitling the
                Borrower to pay to such Lender interest without deduction of
                income tax, by virtue of an applicable double taxation treaty
                between Ireland and the country in which such Lender is resident
                for the purposes of such treaty, where such double taxation
                treaty specifies that no withholding tax is to be made on
                payments of interest.

                                      -23-

<PAGE>

          "Tax Credit" means a credit against, relief or remission for, or
          repayment of any Tax.

          "Tax Deduction" means a deduction or withholding for or on account of
          Tax from a payment under a Finance Document. "Tax Payment" means an
          increased payment made by the Borrower to a Finance Party under Clause
          12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

12.2 Tax gross-up

     (a)  The Borrower shall make all payments to be made by it without any Tax
          Deduction, unless a Tax Deduction is required by law.

     (b)  The Borrower shall promptly upon becoming aware that it must make a
          Tax Deduction (or that there is any change in the rate or the basis of
          a Tax Deduction) notify the Agent accordingly. Similarly, a Lender
          shall notify the Agent on becoming so aware in respect of a payment
          payable to that Lender. If the Agent receives such notification from a
          Lender it shall notify the Borrower.

     (c)  Subject to paragraph (d) below, if a Tax Deduction is required by law
          to be made by the Borrower, the amount of the payment due from the
          Borrower shall be increased to an amount which (after making any Tax
          Deduction) leaves an amount equal to the payment which would have been
          due if no Tax Deduction had been required.

     (d)  The Borrower is not required to make an increased payment to a Lender
          under paragraph (c) above for a Tax Deduction in respect of tax
          imposed by Ireland from a payment of interest on a Loan, if on the
          date on which the payment falls due the payment could have been made
          to the relevant Lender without a Tax Deduction if it was a Qualifying
          Lender, but on that date that Lender is not or has ceased to be a
          Qualifying Lender other than as a result of any change after the date
          it became a Lender under this Agreement in (or in the interpretation,
          administration, or application of) any law or Treaty, or any published
          practice or concession of any relevant taxing authority.

     (e)  If the Borrower is required to make a Tax Deduction, it shall make
          that Tax Deduction and any payment required in connection with that
          Tax Deduction within the time allowed and in the minimum amount
          required by law.

     (f)  Within thirty days of making either a Tax Deduction or any payment
          required in connection with that Tax Deduction, the Borrower shall
          deliver to the Agent for the Finance Party entitled to the payment an
          original receipt (or certified copy thereof) evidencing to that
          Finance Party that the Tax Deduction has been made or (as applicable)
          any appropriate payment paid to the relevant taxing authority.

                                      -24-

<PAGE>

12.3 Tax indemnity

     (a)  The Borrower shall (within three Business Days of demand by the Agent)
          pay to a Protected Party an amount equal to the loss, liability or
          cost which that Protected Party determines will be or has been
          (directly or indirectly) suffered for or on account of Tax by that
          Protected Party in respect of a Finance Document.

     (b)  Paragraph (a) above shall not apply:

          (i)  with respect to any Tax assessed on a Finance Party:

               (A)  under the law of the jurisdiction in which that Finance
                    Party is incorporated or, if different, the jurisdiction (or
                    jurisdictions) in which that Finance Party is treated as
                    resident for tax purposes; or

               (B)  under the law of the jurisdiction in which that Finance
                    Party's Facility Office is located in respect of amounts
                    received or receivable in that jurisdiction,

               if that Tax is imposed on or calculated by reference to the net
               income received or receivable (but not any sum deemed to be
               received or receivable) by that Finance Party; or

          (ii) to the extent a loss, liability or cost:

               (A)  is compensated for by an increased payment under Clause 12.2
                    (Tax gross-up); or

               (B)  would have been compensated for by an increased payment
                    under Clause 12.2 (Tax gross-up) but was not so compensated
                    solely because the exclusion in paragraph (d) of Clause 12.2
                    (Tax gross-up) applied.

     (c)  A Protected Party making, or intending to make a claim under paragraph
          (a) above shall promptly notify the Agent of the event which will
          give, or has given, rise to the claim, following which the Agent shall
          notify the Company.

     (d)  A Protected Party shall, on receiving a payment from the Borrower
          under this Clause 12.3, notify the Agent.

12.4 Tax Credit

     If the Borrower makes a Tax Payment and the relevant Finance Party
     determines that:

     (a)  a Tax Credit is attributable to that Tax Payment; and

     (b)  that Finance Party has obtained, utilised and fully retained that Tax
          Credit on an affiliated group basis,

                                      -25-

<PAGE>

       the Finance Party shall pay an amount to the Borrower which that Finance
       Party determines will leave it (after that payment) in the same after-Tax
       position as it would have been in had the Tax Payment not been made by
       the Borrower.

12.5   Stamp taxes

       The Borrower shall pay and, within three Business Days of demand,
       indemnify each Finance Party against any cost, loss or liability that
       Finance Party incurs in relation to all stamp duty, registration and
       other similar Taxes payable in respect of any Finance Document.

12.6   Value added tax

       (a)  All consideration expressed to be payable under a Finance Document
            by any Party to a Finance Party shall be deemed to be exclusive of
            any VAT. If VAT is chargeable on any supply made by any Finance
            Party to any Party in connection with a Finance Document, that Party
            shall pay to the Finance Party (in addition to and at the same time
            as paying the consideration) an amount equal to the amount of the
            VAT.

       (b)  Where a Finance Document requires any Party to reimburse a Finance
            Party for any costs or expenses, that Party shall also at the same
            time pay and indemnify the Finance Party against all VAT incurred by
            the Finance Party in respect of the costs or expenses to the extent
            that the Finance Party reasonably determines that it is not entitled
            to credit or repayment of the VAT.

13.    INCREASED COSTS

13.1   Increased costs

       (a)  Subject to Clause 13.3 (Exceptions) the Borrower shall, within three
            Business Days of a demand by the Agent, pay for the account of a
            Finance Party the amount of any Increased Costs incurred by that
            Finance Party or any of its Affiliates as a result of (i) the
            introduction of or any change in (or in the interpretation,
            administration or application of) any law or regulation or (ii)
            compliance with any law or regulation made after the date of this
            Agreement provided that any reference in this Clause 13.1 to a
            Finance Party shall include a Sub-Participant in respect of
            Increased Costs incurred by it in relation to its obligations under
            the relevant Sub-Participation Agreement and provided further that
            any claim for Increased Costs of a Sub-Participant shall be made via
            the relevant participating Lender.

       (b)  In this Agreement "Increased Costs" means:

            (i)    a reduction in the rate of return from the Facility or on a
                   Finance Party's (or its Affiliate's) overall capital; or

            (ii)   an additional or increased cost; or

            (iii)  a reduction of any amount due and payable under any Finance
                   Document,

                                      -26-

<PAGE>

          which is incurred or suffered by a Finance Party or any of its
          Affiliates to the extent that it is attributable to that Finance Party
          having entered into its Commitment or funding or performing its
          obligations under any Finance Document.

13.2  Increased cost claims

      (a) A Finance Party intending to make a claim pursuant to Clause 13.1
          (Increased costs) shall notify the Agent of the event giving rise to
          the claim, following which the Agent shall promptly notify the
          Borrower.

      (b) Each Finance Party shall, as soon as practicable after a demand by the
          Agent, provide a certificate confirming the amount and cause of its
          Increased Costs.

13.3  Exceptions

      (a) Clause 13.1 (Increased costs) does not apply to the extent any
          Increased Cost is:

          (i)   attributable to a Tax Deduction required by law to be made by
                the Borrower;

          (ii)  compensated for by Clause 12.3 (Tax indemnity) (or would have
                been compensated for under Clause 12.3 (Tax indemnity) but was
                not so compensated solely because the exclusion in paragraph (b)
                of Clause 12.3 (Tax indemnity) applied);

          (iii) compensated for by the payment of the Mandatory Cost; or

          (iv)  attributable to the wilful breach by the relevant Finance Party
                or its Affiliates of any law or regulation.

      (b) In this Clause 13.3, a reference to a "Tax Deduction" has the same
          meaning given to the term in Clause 12.1 (Definitions).

14.   OTHER INDEMNITIES

14.1  Currency indemnity

      (a) If any sum due from the Borrower under the Finance Documents (a
          "Sum"), or any order, judgment or award given or made in relation to a
          Sum, has to be converted from the currency (the "First Currency") in
          which that Sum is payable into another currency (the "Second
          Currency") for the purpose of:

          (i)   making or filing a claim or proof against the Borrower; or

          (ii)  obtaining or enforcing an order, judgment or award in relation
                to any litigation or arbitration proceedings,

          the Borrower shall as an independent obligation, within three Business
          Days of demand, indemnify each Finance Party to whom that Sum is due
          against any cost, loss or liability arising out of or as a result of
          the conversion including any discrepancy between (A) the rate of
          exchange used to convert that Sum

                                      -27-

<PAGE>

            from the First Currency into the Second Currency and (B) the rate or
            rates of exchange available to that person at the time of its
            receipt of that Sum.

       (b)  The Borrower waives any right it may have in any jurisdiction to pay
            any amount under the Finance Documents in a currency or currency
            unit other than that in which it is expressed to be payable.

14.2   Other indemnities

       The Borrower shall, within three Business Days of demand, indemnify each
       Finance Party against any cost, loss or liability incurred by that
       Finance Party as a result of:

       (a)  the occurrence of any Event of Default;

       (b)  a failure by the Borrower to pay any amount due under a Finance
            Document on its due date, including without limitation, any cost,
            loss or liability arising as a result of Clause 24 (Sharing among
            the Finance Parties); or

       (c)  funding, or making arrangements to fund, its participation in a
            Loan requested by the Borrower in a Utilisation Request but not made
            by reason of the operation of any one or more of the provisions of
            this Agreement (other than by reason of default or negligence by
            that Finance Party alone).

14.3   Indemnity to the Agent

       The Borrower shall promptly indemnify the Agent against any cost, loss or
       liability incurred by the Agent (acting reasonably) as a result of:

       (a)  investigating any event which it reasonably believes is a Default;
            or

       (b)  acting or relying on any notice, request or instruction which it
            reasonably believes to be genuine, correct and appropriately
            authorised.

15.    COSTS AND EXPENSES

15.1   Transaction expenses

       The Borrower shall pay or cause the Originators to pay promptly on demand
       to the Agent and the Arranger the amount of all costs and expenses
       (including legal fees) reasonably incurred by any of them in connection
       with the negotiation, preparation, printing, execution and syndication
       of:

       (a)  this Agreement; and

       (b)  any other Finance Documents executed on or after the date of this
            Agreement.

15.2   Amendment costs

       If (a) the Borrower requests an amendment, waiver or consent or (b) an
       amendment is required pursuant to Clause 25.9 (Change of currency), the
       Borrower shall, within three Business Days of demand, pay or cause the
       Originators to reimburse the Agent for the amount of all costs and
       expenses (including legal fees) reasonably incurred by the Agent in
       responding to, evaluating, negotiating or complying with that request or
       requirement.

                                    -28-

<PAGE>

15.3   Enforcement costs

       The Borrower shall, within three Business Days of demand, pay or cause
       the Originators to pay to each Finance Party the amount of all costs and
       expenses (including legal fees) incurred by that Finance Party in
       connection with the enforcement of, or the preservation of any rights
       under, any Finance Document.

                                      -29-

<PAGE>

                                    SECTION 7

               REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT

16.   REPRESENTATIONS

      The Borrower makes the representations and warranties set out in this
      Clause 16 to each Finance Party on the date of this Agreement.

16.1  Status

      (a)  It is a limited liability company, duly incorporated and validly
           existing under the law of Ireland.

      (b)  It has the power to own its assets and carry on its business as it is
           being conducted.

16.2  Binding obligations

      The obligations expressed to be assumed by it in each Transaction Document
      are, subject to any general principles of law as at the date of this
      Agreement limiting its obligations which are specifically referred to in
      any legal opinion delivered pursuant to Clause 4 (Conditions of
      Utilisation), legal, valid, binding and enforceable obligations.

16.3  Non-conflict with other obligations

      The entry into and performance by it of, and the transactions contemplated
      by, the Transaction Documents do not and will not conflict with:

      (a)  any law or regulation applicable to it;

      (b)  its constitutional documents; or

      (c)  any agreement or instrument binding upon it or any of its assets.

16.4  Power and authority

      It has the power to enter into, perform and deliver, and has taken all
      necessary action to authorise its entry into, performance and delivery of,
      the Transaction Documents to which it is a party and the transactions
      contemplated by those Transaction Documents.

16.5  Validity and admissibility in evidence

      All Authorisations required or desirable:

      (a)  to enable it lawfully to enter into, exercise its rights and comply
           with its obligations under the Transaction Documents to which it is a
           party; and

      (b)  to make the Transaction Documents to which it is a party admissible
           in evidence in its jurisdiction of incorporation,

      have been obtained or effected and are in full force and effect.

                                      -30-

<PAGE>

16.6  Governing law and enforcement

      (a)  The choice of English law as the governing law of the Finance
           Documents (other than the Deed of Charge) will be recognised and
           enforced in its jurisdiction of incorporation and the choice of Irish
           law as the governing law of the Deed of Charge will be recognised and
           enforced in its jurisdiction of incorporation.

      (b)  Any judgment obtained in England in relation to this Agreement will
           be recognised and enforced in its jurisdiction of incorporation.

16.7  Deduction of Tax

      Subject to the qualifications set out in the legal opinions, it is not
      required under the law of its jurisdiction of incorporation to make any
      deduction for or on account of Tax from any payment it may make under any
      Finance Document.

16.8  No filing or stamp taxes

      Under the law of its jurisdiction of incorporation it is not necessary
      that the Finance Documents be filed, recorded or enrolled with any court
      or other authority in that jurisdiction or that any stamp, registration or
      similar tax be paid on or in relation to the Finance Documents or the
      transactions contemplated by the Finance Documents except (i) that nominal
      stamp duty may be payable in Ireland in the event that the original
      documents are executed in or later brought within the jurisdiction, and
      (ii) that prescribed particulars of the Deed of Charge are required to be
      submitted to the Registrar of Companies in Ireland together with the Form
      C1.

16.9  No default

      (a)  No Event of Default is continuing or might reasonably be expected to
           result from the making of any Utilisation.

      (b)  No other event or circumstance is outstanding which constitutes a
           default under any other agreement or instrument which is binding on
           it or to which its assets are subject which might have a Material
           Adverse Effect.

16.10 Pari passu ranking

      Its payment obligations under the Finance Documents rank at least pari
      passu with the claims of all its other unsecured and unsubordinated
      creditors, except for obligations mandatorily preferred by law applying to
      companies generally.

16.11 No proceedings pending or threatened

      No litigation, arbitration, investigation or administrative proceedings of
      or before any court, arbitral body or agency which, if adversely
      determined, might reasonably be expected to have a Material Adverse Effect
      have (to the best of its knowledge and belief) been started or threatened
      against it.

16.12 Taxation

      (a) It has duly and punctually paid and discharged all Taxes imposed upon
          it or its assets within the time period allowed without incurring
          penalties (save to the

                                      -31-

<PAGE>

          extent that (i) payment is being contested in good faith, (ii) it has
          maintained adequate reserves for those Taxes and (iii) payment can be
          lawfully withheld).

      (b) It is not materially overdue in the filing of any Tax returns.

      (c) No claims are being or are reasonably likely to be asserted against it
          with respect to Taxes.

16.13 Solvency

      (a) The Borrower is able and has not admitted inability to pay its debts
          as they fall due and has not suspended making payments on any of its
          debts or, by reason of actual or anticipated financial difficulties,
          commenced negotiations with one or more of its creditors with a view
          to rescheduling any of its indebtedness.

      (b) The value of the assets of the Borrower is not less than the
          liabilities of the Borrower (taking into account contingent and
          prospective liabilities).

      (c) A moratorium has not been declared in respect of any of the
          indebtedness of the Borrower.

16.14 No Security

      The Borrower has not created any Security over its assets other than the
      Security created pursuant to the Deed of Charge.

16.15 Repetition

      The Repeating Representations are deemed to be made by the Borrower (by
      reference to the facts and circumstances then existing) on the date of
      each Utilisation Request and the first day of each Interest Period.

17.   INFORMATION UNDERTAKINGS

      The undertakings in this Clause 17 remain in force from the date of this
      Agreement for so long as any amount is outstanding under the Finance
      Documents or any Commitment is in force.

17.1  Financial statements

      The Borrower shall supply to the Agent in sufficient copies for all the
      Lenders as soon as the same become available, but in any event within 90
      days after the end of each of its financial years its audited financial
      statements for that financial year.

17.2  Requirements as to financial statements

      (a) Each set of financial statements delivered by the Borrower pursuant to
          Clause 17.1 (Financial statements) shall be certified by a director of
          the relevant company as fairly representing its financial condition as
          at the date as at which those financial statements were drawn up.

      (b) The Borrower shall procure that each set of financial statements
          delivered pursuant to Clause 17.1 (Financial statements) is prepared
          using GAAP.

                                      -32-

<PAGE>

17.3  Financial Information in respect of Exide Europe and Originators

      The Borrower shall supply to the Agent in sufficient copies for all the
      Lenders any financial information received by the Borrower under the
      Origination Documents in relation to Exide Europe and each Originator as
      soon as practicable after the same is received by the Borrower.

17.4  Notification of default

      (a) The Borrower shall notify the Agent of any Default and any Early
          Amortisation Event under any Origination Document and the steps, if
          any, being taken to remedy it promptly upon becoming aware of its
          occurrence.

      (b) Promptly upon a request by the Agent, the Borrower shall supply to the
          Agent a certificate signed by two of its directors or senior officers
          on its behalf certifying that no Default is continuing (or if a
          Default is continuing, specifying the Default and the steps, if any,
          being taken to remedy it).

18.   GENERAL UNDERTAKINGS

      The undertakings in this Clause 18 remain in force from the date of this
      Agreement for so long as any amount is outstanding under the Finance
      Documents or any Commitment is in force.

18.1  Authorisations

      The Borrower shall promptly:

      (a) obtain, comply with and do all that is necessary to maintain in full
          force and effect; and

      (b) supply certified copies to the Agent of,

      any Authorisation required under any law or regulation of its jurisdiction
      of incorporation to enable it to perform its obligations under the Finance
      Documents and to ensure the legality, validity, enforceability or
      admissibility in evidence in its jurisdiction of incorporation of any
      Finance Document.

18.2  Compliance with laws

      The Borrower shall comply in all respects with all laws to which it may be
      subject, if failure so to comply would materially impair its ability to
      perform its obligations under the Finance Documents.

18.3  Negative pledge

      The Borrower shall not create or permit to subsist any Security over any
      of its assets other than any Security created pursuant to the Deed of
      Charge.

18.4  Disposals

      The Borrower shall not enter into a single transaction or a series of
      transactions (whether related or not) and whether voluntary or involuntary
      to sell, lease, transfer or otherwise dispose of any asset otherwise than
      as contemplated under the Transaction Documents.

                                      -33-

<PAGE>

18.5  Merger

      The Borrower shall not enter into any amalgamation, demerger, merger or
      corporate reconstruction.

18.6  Restrictions on Activities

      The Borrower shall not, unless otherwise agreed by the Agent:

      (a) engage in any activity whatsoever which is not incidental to or
          necessary in connection with any of the activities in which the
          Transaction Documents provide or envisage that the Borrower will
          engage;

      (b) have any Subsidiaries, employees or premises (other than any premises
          at its head office in Dublin); and (c) open any account (without the
          consent of the Agent) other than the accounts expressed to be opened
          under the Transaction Documents.

18.7  Taxation

      The Borrower shall duly and punctually pay and discharge all Taxes imposed
      upon it or its assets within the time period allowed without incurring
      penalties (save to the extent that (i) payment is being contested in good
      faith, (ii) adequate reserves are being maintained for those Taxes and
      (iii) payment can be lawfully withheld).

18.8  Dividends

      Except to the extent required by applicable laws, the Borrower shall not
      pay, make or declare any dividend or other distribution in respect of any
      financial year.

18.9  Exercise of rights under Origination Documents

      The Borrower undertakes to the Finance Parties that it shall:

      (a) make or cause requests or demands to be made for the payment of
          amounts owing to it under the Origination Documents; and

      (b) take or cause to be taken such actions and exercise or cause to be
          exercised such rights under the Origination Documents as permitted by
          applicable laws and the terms of the Origination Documents in
          accordance with the directions of the Operating Agent.

18.10 Priority of Payments

      The Borrower undertakes to the Finance Parties that it shall, prior to its
      receiving a notice pursuant to Clause 19.11, pay all amounts received by
      it under the Origination Documents to which it is a party in the order of
      priority referred to in Schedule 8.

18.11 Qualifying Company

      The Borrower shall take all steps to ensure that it is and continues to be
      a qualifying company as defined in, and for the purpose of, Section 110 of
      the Irish Taxes Consolidation Act.

                                      -34-

<PAGE>

19.   EVENTS OF DEFAULT

      Each of the events or circumstances set out in Clause 19 is an Event of
      Default.

19.1  Non-payment

      The Borrower does not pay on the due date any amount payable pursuant to a
      Finance Document at the place at and in the currency in which it is
      expressed to be payable unless:

      (a) its failure to pay is caused by administrative or technical error; and

      (b) payment is made within 5 Business Days of its due date.

19.2  Other obligations

      The Borrower does not comply with any provision of the Finance Documents
      (other than those referred to in Clause 19.1 (Non-payment)) unless such
      failure to comply is capable of remedy and is remedied within 5 Business
      Days.

19.3  Misrepresentation

      Any representation or statement made or deemed to be made by the Borrower
      in the Finance Documents or any other document delivered by or on behalf
      of the Borrower under or in connection with any Finance Document is or
      proves to have been incorrect or misleading in any material respect when
      made or deemed to be made.

19.4  Insolvency

      (a) The Borrower is unable or admits inability to pay its debts as they
          fall due, suspends making payments on any of its debts or, by reason
          of actual or anticipated financial difficulties, commences
          negotiations with one or more of its creditors with a view to
          rescheduling any of its indebtedness.

      (b) The value of the assets of the Borrower is less than its liabilities
          (taking into account contingent and prospective liabilities).

      (c) A moratorium is declared in respect of any indebtedness of the
          Borrower.

19.5  Insolvency proceedings

      Any corporate action, legal proceedings or other procedure or step is
      taken in relation to:

      (a) the suspension of payments, a moratorium of any indebtedness,
          winding-up, dissolution, administration, examination or reorganisation
          (by way of voluntary arrangement, scheme of arrangement or otherwise)
          of the Borrower;

      (b) a composition, assignment or arrangement with any creditor of the
          Borrower; or

      (c) the appointment of a liquidator, receiver, administrator,
          administrative receiver, examiner, compulsory manager or other similar
          officer in respect of the Borrower or any of its assets,

                                      -35-

<PAGE>

      or any analogous procedure or step is taken in any jurisdiction.

19.6  Creditors' process

      Any expropriation, attachment, sequestration, distress or execution
      affects any asset or assets of the Borrower.

19.7  Unlawfulness

      It is or becomes unlawful for the Borrower to perform any of its
      obligations under the Transaction Documents.

19.8  Repudiation

      The Borrower repudiates a Transaction Document or evidences an intention
      to repudiate a Transaction Document.

19.9  Material adverse change

      Any event or circumstance occurs which the Majority Lenders reasonably
      believe might have a material adverse effect on the ability of the
      Borrower to perform or comply with its obligations under the Transaction
      Documents.

19.10 Failure to comply with Final Judgment

      The Borrower fails to comply with or pay any sum due from it under any
      final judgment or any final order made or given by any court of competent
      jurisdiction.

19.11 Acceleration

      (a) On and at any time after the occurrence of an Event of Default or a
          Programme Amortisation Event (which has not been waived) the Agent
          may, and shall if so directed by the Majority Lenders, by notice to
          the Borrower:

          (i)   cancel the Total Commitments whereupon they shall immediately be
                cancelled;

          (ii)  declare that all or part of the Loans, together with accrued
                interest, and all other amounts accrued or outstanding under the
                Finance Documents be immediately due and payable, whereupon they
                shall become immediately due and payable; and/or

          (iii) declare that all or part of the Loans be payable on demand,
                whereupon they shall immediately become payable on demand by the
                Agent on the instructions of the Majority Lenders.

      (b) In the event that a notice is given pursuant to paragraph (a) above as
          result of the occurrence of an Event of Default, the Agent may, and
          shall if so instructed by the Majority Lenders, instruct the Security
          Trustee to enforce the Security constituted pursuant to the Deed of
          Charge.

                                      -36-

<PAGE>

                                    SECTION 8

                               CHANGES TO PARTIES

20.   CHANGES TO THE LENDERS

20.1  Assignments and transfers by the Lenders
      Subject to this Clause 20, a Lender (the "Existing Lender") may:

      (a)  assign any of its rights; or

      (b)  transfer by novation any of its rights and obligations,

      to another bank or financial institution or to a trust, fund or other
      entity which is regularly engaged in or established for the purpose of
      making, purchasing or investing in loans, securities or other financial
      assets (the "New Lender").

20.2  Conditions of assignment or transfer
      (a)  An assignment will only be effective on receipt by the Agent of
           written confirmation from the New Lender (in form and substance
           satisfactory to the Agent) that the New Lender will assume the same
           obligations to the other Finance Parties as it would have been under
           if it was an Original Lender.

      (b)  A transfer will only be effective if the procedure set out in Clause
           20.5 (Procedure for transfer) is complied with.

20.3  Assignment or transfer fee
      The New Lender shall, on the date upon which an assignment or transfer
      takes effect, pay to the Agent (for its own account) a fee to be agreed
      under a separate letter.

20.4  Limitation of responsibility of Existing Lenders
      (a)  Unless expressly agreed to the contrary, an Existing Lender makes no
           representation or warranty and assumes no responsibility to a New
           Lender for:

           (i)   the legality, validity, effectiveness, adequacy or
                 enforceability of the Finance Documents or any other documents;

           (ii)  the financial condition of the Borrower, Archimede, the
                 Originators, Exide Funding, Exide Europe, Exide Technologies or
                 any of their Affiliates;

           (iii) the performance and observance by the Borrower, Archimede, the
                 Originators, Exide Funding, Exide Europe, Exide Technologies or
                 any of their Affiliates of their obligations under the
                 Transaction Documents or any other documents; or

           (iv)  the accuracy of any statements (whether written or oral) made
                 in or in connection with any Transaction Document or any other
                 document,

           and any representations or warranties implied by law are excluded.

                                      -37-

<PAGE>

      (b) Each New Lender confirms to the Existing Lender and the other Finance
          Parties that it:

          (i)  has made (and shall continue to make) its own independent
               investigation and assessment of the financial condition and
               affairs of the Borrower, Archimede, the Originators, Exide
               Funding, Exide Europe, Exide Technologies, any of their
               Affiliates and the Exide Group in connection with its
               participation in this Agreement and has not relied exclusively on
               any information provided to it by the Existing Lender in
               connection with any Transaction Document; and

          (ii) will continue to make its own independent appraisal of the
               creditworthiness of the Borrower, Archimede, the Originators,
               Exide Funding, Exide Europe, Exide Technologies, any of their
               Affiliates and the Exide Group related entities whilst any amount
               is or may be outstanding under the Transaction Documents or any
               Commitment is in force.

      (c) Nothing in any Finance Document obliges an Existing Lender to:

          (i)  accept a re-transfer from a New Lender of any of the rights and
               obligations assigned or transferred under this Clause 20; or

          (ii) support any losses directly or indirectly incurred by the New
               Lender by reason of the non-performance by the Borrower,
               Archimede, any Originator, Exide Funding, Exide Europe or Exide
               Technologies of its obligations under the Transaction Documents
               or otherwise.

20.5  Procedure for transfer
      (a) Subject to the conditions set out in Clause 20.2 (Conditions of
          assignment or transfer) a transfer is effected in accordance with
          paragraph (b) below when the Agent executes an otherwise duly
          completed Transfer Certificate delivered to it by the Existing Lender
          and the New Lender. The Agent shall, as soon as reasonably practicable
          after receipt by it of a duly completed Transfer Certificate appearing
          on its face to comply with the terms of this Agreement and delivered
          in accordance with the terms of this Agreement, execute that Transfer
          Certificate.

      (b) On the Transfer Date:

          (i)  to the extent that in the Transfer Certificate the Existing
               Lender seeks to transfer by novation its rights and obligations
               under the Finance Documents the Borrower and the Existing Lender
               shall be released from further obligations towards one another
               under the Finance Documents and their respective rights against
               one another shall be cancelled (being the "Discharged Rights and
               Obligations");

                                      -38-

<PAGE>

          (ii)  each of the Borrower and the New Lender shall assume obligations
                towards one another and/or acquire rights against one another
                which differ from the Discharged Rights and Obligations only
                insofar as the Borrower and the New Lender have assumed and/or
                acquired the same in place of the Borrower and the Existing
                Lender;

          (iii) the Agent, the Arranger, the New Lender and other Lenders shall
                acquire the same rights and assume the same obligations between
                themselves as they would have acquired and assumed had the New
                Lender been an Original Lender with the rights and/or
                obligations acquired or assumed by it as a result of the
                transfer and to that extent the Agent, the Arranger and the
                Existing Lender shall each be released from further obligations
                to each other under this Agreement; and

          (iv)  the New Lender shall become a Party as a "Lender".

20.6  Disclosure of information
      Any Lender may disclose to any of its Affiliates and any other person:

      (a) to (or through) whom that Lender assigns or transfers (or may
          potentially assign or transfer) all or any of its rights and
          obligations under this Agreement;

      (b) with (or through) whom that Lender enters into (or may potentially
          enter into) any sub-participation in relation to, or any other
          transaction under which payments are to be made by reference to, this
          Agreement or the Borrower; or

      (c) to whom, and to the extent that, information is required to be
          disclosed by any applicable law or regulation,

      any information about the Borrower, Archimede, the Originators, Exide
      Funding, Exide Europe, Exide Technologies, the Transaction Documents as
      that Lender shall consider appropriate if, in relation to paragraphs (a)
      and (b) above, the person to whom the information is to be given has
      entered into a Confidentiality Undertaking.

21.   CHANGES TO THE BORROWER

      The Borrower may not assign any of its rights or transfer any of its
      rights or obligations under the Transaction Documents (other than the
      rights assigned under the Deed of Charge).

                                      -39-

<PAGE>

                                    SECTION 9

                               THE FINANCE PARTIES

22.   ROLE OF THE AGENT AND THE ARRANGER

22.1  Appointment of the Agent
      (a)  Each other Finance Party appoints the Agent to act as its agent under
           and in connection with the Finance Documents.

      (b)  Each other Finance Party authorises the Agent to exercise the rights,
           powers, authorities and discretions specifically given to the Agent
           under or in connection with the Finance Documents together with any
           other incidental rights, powers, authorities and discretions.

22.2  Duties of the Agent
      (a)  The Agent shall promptly forward to a Party the original or a copy of
           any document which is delivered to the Agent for that Party by any
           other Party.

      (b)  The Agent shall not obliged to review or check the adequacy, accuracy
           or completeness of any document it forwards to another Party.

      (c)  If the Agent receives notice from a Party referring to this
           Agreement, describing a Default and stating that the circumstance
           described is a Default, it shall promptly notify the other Finance
           Parties.

      (d)  If the Agent is aware of the non-payment of any principal, interest,
           commitment fee or other fee payable to a Finance Party (other than
           the Agent or the Arranger) under this Agreement it shall promptly
           notify the other Finance Parties.

      (e)  The Agent's duties under the Finance Documents are solely mechanical
           and administrative in nature.

22.3  Role of Agent under the Origination Documents
      (a)  Each of the Lenders acknowledges and agrees that the Agent is acting
           as "Operating Agent" under the Origination Documents.

      (b)  The Agent, in its capacity as Operating Agent, agrees and
           acknowledges that, in acting as Operating Agent under the Origination
           Documents, it shall take such actions and exercise such rights as
           permitted by applicable laws and the terms of the Origination
           Documents as it deems necessary or desirable in order to protect the
           interests of the Lenders under the Finance Documents.

      (c)  Subject to paragraphs (i) to (iv) below, each of the Lenders agrees
           and acknowledges that the Agent in its capacity as Operating Agent
           reserves the right, in its sole discretion, to exercise any rights
           and remedies under the Origination Documents or pursuant to
           applicable law, and also to agree to any amendment, modification or
           waiver of any Origination Document or any

                                      -40-

<PAGE>

      instrument or document delivered pursuant thereto. Notwithstanding the
      foregoing, the Agent, acting as the Operating Agent, agrees that it shall
      not:

      (i)   without the prior written consent of each Lender:

                (1) agree to any amendment of the definition of "Eligible
                    Receivable" or "Defaulted Receivable" or increase the
                    then-existing Concentration Limit;

                (2) amend, modify or waive any provision of any Origination
                    Document in any way which would (1) reduce the amount of
                    Capital, Yield or (to the extent of such fees are for the
                    account of the Lenders) any fees that is payable on account
                    of any Purchased Receivable or delay any scheduled date for
                    payment thereof or (2) increase the Facility Limit;

                (3) reduce fees or other amounts payable under the Origination
                    Documents which relate to payments to the Lenders or delay
                    any scheduled date for payment thereof;

                (4) release Exide Europe from any of its obligations under the
                    Letter of Undertaking;

                (5) amend the definition of "Termination Date"; or

                (6) amend the definition of Early Amortisation Event (other than
                    those amendments set out in paragraph (iv) below).

      (ii)  without the prior written consent of the Special Qualified Majority
            Lenders, terminate any Advance Payments or Withdrawals made pursuant
            to any Origination Agreement prior to the occurrence of an Early
            Amortisation Event;

      (iii) without the prior written consent of the Qualified Majority Lenders:

            (1) designate any Origination Agreement after the date hereof;

            (2) consent to the accession of any member of the Exide Europe Group
                as an "Originator" under any Origination Agreement after the
                date hereof; or

            (3) agree to the replacement of the Origination Agreements set out
                in items (ii) and (iv) of the definition of Origination
                Agreements by such other origination agreement or agreements as
                are necessary or advisable for the Receivables which are
                purchased from the French Originator to be purchased by a French
                fonds commun de creances and the Receivables which are purchased
                from the Italian Originator to be purchased by a company set up
                pursuant to Italian Law 130 of 30 April 1999.

                                      -41-

<PAGE>

         (iv)  without the prior written consent of the Majority Lenders:

                 (1) amend the definitions of Default Ratio, Dilution Ratio,
                     Loss to Liquidation Ratio, Programme Default Ratio,
                     Programme Dilution Ratio or Programme Loss to Liquidation
                     Ratio;

                 (2) amend the Early Amortisation Events to increase or decrease
                     the maximum permitted Default Ratio, Dilution Ratio, Loss
                     to Liquidation Ratio, Programme Default Ratio, Programme
                     Dilution Ratio, Programme Loss to Liquidation Ratio;

                 (3) waive violations of the Default Ratio, the Dilution Ratio,
                     the Programme Default Ratio or the Programme Dilution Ratio
                     that exceed the maximum permitted levels for the Programme
                     Default Ratio or the Programme Dilution Ratio (1) for more
                     than two consecutive months or (2) by more than 10% (of
                     such permitted percentage) for any time;

                 (4) waive a violation of the Loss to Liquidation Ratio or the
                     Programme Loss to Liquidation Ratio that exceeds the
                     maximum permitted levels for the Programme Loss to
                     Liquidation Ratio (1) for more than two consecutive months
                     or (2) by more than 10% (of such maximum permitted level)
                     for any time;

                 (5) waive any Early Amortisation Event other than those
                     described in subparagraphs (3) and (4) above; or

                 (6) amend the definition of Programme Reserves or that of any
                     reserve forming part of the Programme Reserves.

     (d) The Agent does not make any representation or warranty or assume any
         responsibility with respect to (i) any statements, warranties or
         representations made in or in connection with the Origination Documents
         or the execution, legality, validity, enforceability, genuineness or
         sufficiency of the Origination Documents or any instrument or document
         furnished pursuant thereto, (ii) the value or collectability of any
         Purchased Receivables under any Origination Document, or (iii) the
         financial condition of the Borrower, Archimede, the Originators, Exide
         Funding, Exide Europe, Exide Technologies or any of their Affiliates or
         the performance or observance by the Borrower, Archimede, the
         Originators, Exide Funding, Exide Europe, Exide Technologies or any of
         their Affiliates of their respective obligations under the Origination
         Documents.

     (e) The Agent agrees that:

                                      -42-

<PAGE>

           (i)  for so long as any amount payable by the Borrower hereunder is
                outstanding, it shall not resign from its role as Operating
                Agent under the Origination Documents unless:

                (1) it becomes unlawful in any applicable jurisdiction for the
                    Operating Agent to fulfil its role of Operating Agent; or

                (2) it has given notice of resignation to the other Finance
                    Parties and a successor Operating Agent satisfactory to the
                    Majority Lenders has been appointed under the Origination
                    Documents;

           (ii) the retiring Operating Agent shall, at its own cost, make
                available to the successor Operating Agent such documents and
                records and provide such assistance as the successor Operating
                Agent may reasonably request for the purpose of performing its
                functions as Operating Agent under the Origination Agreements.

22.4  Role of the Arranger

      Except as specifically provided in the Transaction Documents, the Arranger
      has no obligations of any kind to any other Party under or in connection
      with any Transaction Document.

22.5  No fiduciary duties

      (a)  Nothing in this Agreement constitutes the Agent or the Arranger as a
           trustee or fiduciary of any other person.

      (b)  Neither the Agent nor the Arranger shall be bound to account to any
           Lender for any sum or the profit element of any sum received by it
           for its own account.

22.6  Business with the Group

      The Agent and the Arranger may accept deposits from, lend money to and
      generally engage in any kind of banking or other business with the
      Borrower, Archimede or any member of the Exide Group.

22.7  Rights and discretions of the Agent

      (a)  The Agent may rely on:

           (i)  any representation, notice or document believed by it to be
                genuine, correct and appropriately authorised; and

           (ii) any statement made by a director, authorised signatory or
                employee of any person regarding any matters which may
                reasonably be assumed to be within his knowledge or within his
                power to verify.

      (b)  The Agent may assume (unless it has received notice to the contrary
           in its capacity as agent for the Lenders) that:

                                      -43-

<PAGE>

           (i)  no Default has occurred (unless it has actual knowledge of a
                Default arising under Clause 19.1 (Non-payment)); and

           (ii) any right, power, authority or discretion vested in any Party or
                the Majority Lenders has not been exercised.

      (c)  The Agent may engage, pay for and rely on the advice or services of
           any lawyers, accountants, surveyors or other experts.

      (d)  The Agent may act in relation to the Transaction Documents through
           its personnel and agents.

      (e)  The Agent may disclose to any other Party any information it
           reasonably believes it has received as agent under the Transaction
           Documents.

      (f)  Notwithstanding any other provision of any Finance Document to the
           contrary, neither the Agent nor the Arranger is obliged to do or omit
           to do anything if it would or might in its reasonable opinion
           constitute a breach of any law or a breach of a fiduciary duty or
           duty of confidentiality.

22.8  Majority Lenders' instructions

      (a)  Unless a contrary indication appears in a Finance Document, the Agent
           shall (i) exercise any right, power, authority or discretion vested
           in it as Agent in accordance with any instructions given to it by the
           Majority Lenders (or, if so instructed by the Majority Lenders,
           refrain from exercising any right, power, authority or discretion
           vested in it as Agent) and (ii) not be liable for any act (or
           omission) if it acts (or refrains from taking any action) in
           accordance with an instruction of the Majority Lenders.

      (b)  Unless a contrary indication appears in a Finance Document, any
           instructions given by the Majority Lenders will be binding on all the
           Finance Parties.

      (c)  The Agent may refrain from acting in accordance with the instructions
           of the Majority Lenders (or, if appropriate, the Lenders) until it
           has received such security as it may require for any cost, loss or
           liability (together with any associated VAT) which it may incur in
           complying with the instructions.

      (d)  In the absence of instructions from the Majority Lenders, (or, if
           appropriate, the Lenders) the Agent may act (or refrain from taking
           action) as it considers to be in the best interest of the Lenders.

      (e)  The Agent is not authorised to act on behalf of a Lender (without
           first obtaining that Lender's consent) in any legal or arbitration
           proceedings relating to any Finance Document.

                                      -44-

<PAGE>

22.9  Responsibility for documentation

      Neither the Agent nor the Arranger:

      (a)  is responsible for the adequacy, accuracy and/or completeness of any
           information (whether oral or written) supplied by the Agent, the
           Arranger, the Borrower, Archimede, the Originators, Exide Funding,
           Exide Europe, Exide Technologies or any other person given in or in
           connection with any Transaction Document or the Information
           Memorandum; or

      (b)  is responsible for the legality, validity, effectiveness, adequacy or
           enforceability of any Transaction Document or any other agreement,
           arrangement or document entered into, made or executed in
           anticipation of or in connection with any Transaction Document.

22.10 Exclusion of liability

      (a)  Without limiting paragraph (b) below, the Agent will not be liable
           for any action taken by it under or in connection with any
           Transaction Document, unless directly caused by its gross negligence
           or wilful misconduct.

      (b)  No Party (other than the Agent) may take any proceedings against any
           officer, employee or agent of the Agent in respect of any claim it
           might have against the Agent or in respect of any act or omission of
           any kind by that officer, employee or agent in relation to any
           Transaction Document and any officer, employee or agent of the Agent
           may rely on this Clause.

      (c)  The Agent will not be liable for any delay (or any related
           consequences) in crediting an account with an amount required under
           the Transaction Documents to be paid by the Agent if the Agent has
           taken all necessary steps as soon as reasonably practicable to comply
           with the regulations or operating procedures of any recognised
           clearing or settlement system used by the Agent for that purpose.

22.11 Lenders' indemnity to the Agent

      Each Lender shall (in proportion to its share of the Total Commitments or,
      if the Total Commitments are then zero, to its share of the Total
      Commitments immediately prior to their reduction to zero) indemnify the
      Agent, within three Business Days of demand, against any cost, loss or
      liability incurred by the Agent (otherwise than by reason of the Agent's
      gross negligence or wilful misconduct) in acting as Agent under the
      Transaction Documents (unless the Agent has been reimbursed by the
      Borrower pursuant to a Transaction Document).

22.12 Resignation of the Agent

      (a)  The Agent may resign and appoint one of its Affiliates acting through
           an office in the United Kingdom as successor by giving notice to the
           other Finance Parties and the Borrower.

                                      -45-

<PAGE>

      (b)  Alternatively the Agent may resign by giving notice to the other
           Finance Parties and the Borrower, in which case the Qualified
           Majority Lenders (after consultation with the Borrower) may appoint
           a successor Agent.

      (c)  If the Qualified Majority Lenders have not appointed a successor
           Agent in accordance with paragraph (b) above within 30 days after
           notice of resignation was given, the Agent (after consultation with
           the Borrower) may appoint a successor Agent (acting through an office
           in  the United Kingdom).

      (d)  The retiring Agent shall, at its own cost, make available to the
           successor Agent such documents and records and provide such
           assistance as the successor Agent may reasonably request for the
           purposes of performing its functions as Agent under the Finance
           Documents.

      (e)  The Agent's resignation notice shall only take effect upon the
           acceptance of appointment by a successor. Upon the appointment of a
           successor, the retiring Agent shall be discharged from any further
           obligation in respect of the Finance Documents but shall remain

      (f)  entitled to the benefit of this Clause 22. Its successor and each of
           the other Parties shall have the same rights and obligations amongst
           themselves as they would have had if such successor had been an
           original Party.

      (g)  After consultation with the Borrower, the Qualified Majority Lenders
           may, by notice to the Agent, require it to resign in accordance with
           paragraph (b) above. In this event, the Agent shall resign in
           accordance with paragraph (b) above.

22.13 Confidentiality

      (a)  In acting as agent for the Finance Parties, the Agent shall be
           regarded as acting through its agency division which shall be treated
           as a separate entity from any other of its divisions or departments.

      (b)  If information is received by another division or department of the
           Agent, it may be treated as confidential to that division or
           department and the Agent shall not be deemed to have notice of it.

22.14 Relationship with the Lenders

      The Agent may treat each Lender as a Lender, entitled to payments under
      this Agreement and acting through its Facility Office unless it has
      received not less than five Business Days prior notice from that Lender to
      the contrary in accordance with the terms of this Agreement.

22.15 Credit appraisal by the Lenders

      Without affecting the responsibility of the Borrower for information
      supplied by it or on its behalf in connection with any Transaction
      Document, each Lender confirms to the Agent and the Arranger that it has
      been, and will continue to be, solely responsible for making its own
      independent appraisal and investigation of all risks

                                      -46-

<PAGE>

      arising under or in connection with any Transaction Document including but
      not limited to:

      (a) the financial condition, status and nature of the Borrower, Archimede,
          the Originators, Exide Funding, Exide Europe, Exide Technologies or
          any Affiliate thereof;

      (b) the legality, validity, effectiveness, adequacy or enforceability of
          any Transaction Document and any other agreement, arrangement or
          document entered into, made or executed in anticipation of, under or
          in connection with any Transaction Document;

      (c) whether that Lender has recourse, and the nature and extent of that
          recourse, against any Party or any of its respective assets under or
          in connection with any Transaction Document, the transactions
          contemplated by the Transaction Documents or any other agreement,
          arrangement or document entered into, made or executed in anticipation
          of, under or in connection with any Transaction Document; and

      (d) the adequacy, accuracy and/or completeness of the Information
          Memorandum and any other information provided by the Agent, any Party
          or by any other person under or in connection with any Transaction
          Document, the transactions contemplated by the Transaction Documents
          or any other agreement, arrangement or document entered into, made or
          executed in anticipation of, under or in connection with any
          Transaction Document.

22.16 Reference Banks

      If a Reference Bank (or, if a Reference Bank is not a Lender, the Lender
      of which it is an Affiliate) ceases to be a Lender, the Agent shall (in
      consultation with the Borrower) appoint another Lender or an Affiliate of
      a Lender to replace that Reference Bank.

22.17 Agent's Management Time

      Any amount payable to the Agent under Clause 14.3 (Indemnity to the
      Agent), Clause 15 (Costs and expenses) and Clause 22.11 (Lenders'
      indemnity to the Agent) shall include the cost of utilising the Agent's
      management time or other resources and will be calculated on the basis of
      such reasonable daily or hourly rates as the Agent may notify to the
      Borrower and the Lenders, and is in addition to any fee paid or payable to
       the Agent under Clause 11 (Fees).

22.18 Deduction from amounts payable by the Agent

      If there is an amount then due and owing to the Agent under the Finance
      Documents the Agent may, after giving notice to that Party, deduct an
      amount not exceeding that amount from any payment to that Party which the
      Agent would otherwise be obliged to make under the Finance Documents and
      apply the amount deducted in or towards satisfaction of the amount owed.
      For the purposes of the Finance Documents that Party shall be regarded as
      having received any amount so deducted.

                                      -47-

<PAGE>

23.   CONDUCT OF BUSINESS BY THE FINANCE PARTIES

      No provision of this Agreement will:

     (a)  interfere with the right of any Finance Party to arrange its affairs
          (tax or otherwise) in whatever manner it thinks fit;

     (b)  oblige any Finance Party to investigate or claim any credit, relief,
          remission or repayment available to it or the extent,
               order and manner of any claim; or

     (c)  oblige any Finance Party to disclose any information relating to its
          affairs (tax or otherwise) or any computations in respect of Tax.

24.   SHARING AMONG THE FINANCE PARTIES

24.1  Payments to Finance Parties

      If a Finance Party (a "Recovering Finance Party") receives or recovers any
      amount from the Borrower other than in accordance with Clause 25 (Payment
      mechanics) and applies that amount to a payment due under the Finance
      Documents then:

      (a) the Recovering Finance Party shall, within three Business Days, notify
          details of the receipt or recovery, to the Agent;

      (b) the Agent shall determine whether the receipt or recovery is in excess
          of the amount the Recovering Finance Party would have been paid had
          the receipt or recovery been received or made by the Agent and
          distributed in accordance with Clause 25 (Payment mechanics), without
          taking account of any Tax which would be imposed on the Agent in
          relation to the receipt, recovery or distribution; and

      (c) the Recovering Finance Party shall, within three Business Days of
          demand by the Agent, pay to the Agent an amount (the "Sharing
          Payment") equal to such receipt or recovery less any amount which the
          Agent determines may be retained by the Recovering Lender as its share
          of any payment to be made, in accordance with Clause 25.5 (Partial
          payments).

24.2  Redistribution of payments

      The Agent shall treat the Sharing Payment as if it had been paid by the
      Borrower and distribute it between the Finance Parties (other than the
      Recovering Finance Party) in accordance with Clause 25.5 (Partial
      payments).

24.3  Recovering Finance Party's rights

      (a) On a distribution by the Agent under Clause 24.2 (Redistribution of
          payments), the Recovering Finance Party will be subrogated to the
          rights of the Finance Parties which have shared in the redistribution.

      (b) If and to the extent that the Recovering Finance Party is not able to
          rely on its rights under paragraph (a) above, the Borrower shall be
          liable to the Recovering Finance Party for a debt equal to the Sharing
          Payment which is immediately due and payable.

                                      -48-

<PAGE>

24.4  Reversal of redistribution

      If any part of the Sharing Payment received or recovered by a Recovering
      Finance Party becomes repayable and is repaid by that Recovering Finance
      Party, then:

      (a) each Lender which has received a share of the relevant Sharing Payment
          pursuant to Clause 24.2 (Redistribution of payments) shall, upon
          request of the Agent, pay to the Agent for account of that Recovering
          Finance Party an amount equal to the appropriate part of its share of
          the Sharing Payment (together with an amount as is necessary to
          reimburse that Recovering Finance Party for its proportion of any
          interest on the Sharing Payment which that Recovering Finance Party is
          required to pay); and

      (b) that Recovering Finance Party's rights of subrogation in respect of
          any reimbursement shall be cancelled and the Borrower will be liable
          to the reimbursing Finance Party for the amount so reimbursed.

24.5  Exceptions

      (a) This Clause 24 shall not apply to the extent that the Recovering
          Finance Party would not, after making any payment pursuant to this
          Clause, have a valid and enforceable claim against the Borrower.

      (b) A Recovering Finance Party is not obliged to share with any other
          Finance Party any amount which the Recovering Finance Party has
          received or recovered as a result of taking legal or arbitration
          proceedings, if:

          (i)  it notified that other Finance Party of the legal or arbitration
               proceedings; and

          (ii) that other Finance Party had an opportunity to participate in
               those legal or arbitration proceedings but did not do so as soon
               as reasonably practicable having received notice and did not take
               separate legal or arbitration proceedings.

                                      -49-

<PAGE>

                                   SECTION 10

                                 ADMINISTRATION

25.    PAYMENT MECHANICS

25.1   Payments to the Agent

       (a)  On each date on which the Borrower or a Lender is required to make a
            payment under a Finance Document, the Borrower or Lender shall make
            the same available to the Agent (unless a contrary indication
            appears in a Finance Document) for value on the due date at the time
            and in such funds specified by the Agent as being customary at the
            time for settlement of transactions in the relevant currency in the
            place of payment.

       (b)  Payments from the Borrower shall be made to such account in London
            with such bank as the Agent specifies and payments from each Lender
            shall be made to such account in London or New York with such bank
            as the Agent specifies.

25.2   Distributions by the Agent

       Each payment received by the Agent under the Finance Documents for
       another Party shall, subject to Clause 25.3 (Distributions to the
       Borrower), Clause 25.4 (Clawback) and Clause 22.18 (Deduction from
       amounts payable by the Agent) be made available by the Agent as soon as
       practicable after receipt to the Party entitled to receive payment in
       accordance with this Agreement (in the case of a Lender, for the account
       of its Facility Office), to such account as that Party may notify to the
       Agent by not less than five Business Days' notice with a bank in the
       principal financial centre of the country of that currency.

25.3   Distributions to the Borrower

       The Agent may (with the consent of the Borrower or in accordance with
       Clause 26 (Set-off)) apply any amount received by it for the Borrower in
       or towards payment (on the date and in the currency and funds of receipt)
       of any amount due from the Borrower under the Finance Documents or in or
       towards purchase of any amount of any currency to be so applied.

25.4   Clawback

       (a)  Where a sum is to be paid to the Agent under the Finance Documents
            for another Party, the Agent is not obliged to pay that sum to that
            other Party (or to enter into or perform any related exchange
            contract) until it has been able to establish to its satisfaction
            that it has actually received that sum.

       (b)  If the Agent pays an amount to another Party and it proves to be the
            case that the Agent had not actually received that amount, then the
            Party to whom that amount (or the proceeds of any related exchange
            contract) was paid by the Agent shall on demand refund the same to
            the Agent together with interest on that amount from the date of
            payment to the date of receipt by the Agent, calculated by the Agent
            to reflect its cost of funds.

                                      -50-

<PAGE>

25.5   Partial payments

       (a)  If the Agent receives a payment that is insufficient to discharge
            all the amounts then due and payable by the Borrower under the
            Finance Documents, the Agent shall apply that payment towards the
            obligations of the Borrower under the Finance Documents in the
            following order:

            (i)    first, in or towards payment pro rata of any unpaid fees,
                   costs and expenses of the Agent and the Arranger under the
                   Finance Documents;

            (ii)   secondly, in or towards payment pro rata of any accrued
                   interest, fee or commission due but unpaid under this
                   Agreement;

            (iii)  thirdly, in or towards payment pro rata of any principal due
                   but unpaid under this Agreement; and

            (iv)   fourthly, in or towards payment pro rata of any other sum due
                   but unpaid under the Finance Documents.

       (b)  The Agent shall, if so directed by the Majority Lenders, vary the
            order set out in paragraphs (a)(ii) to (iv) above.

       (c)  Paragraphs (a) and (b) above will override any appropriation made by
            the Borrower.

25.6   No set-off by the Borrower

       All payments to be made by the Borrower under the Finance Documents shall
       be calculated and be made without (and free and clear of any deduction
       for) set-off or counterclaim unless so determined by the Agent pursuant
       to sections 22.18 or 25.3 or by a Finance Party pursuant to Clause 26.

25.7   Business Days

       (a)  Any payment which is due to be made on a day that is not a Business
            Day shall be made on the next Business Day.

       (b)  During any extension of the due date for payment of any principal or
            Unpaid Sum under this Agreement interest is payable on the principal
            or Unpaid Sum at the rate payable on the original due date.

25.8   Currency of account

       Except in respect of costs, expenses or Taxes which shall be paid in the
       currency in which the costs, expenses or Taxes are incurred, dollar is
       the currency of account and payment for any sum from the Borrower under
       any Finance Document.

25.9   Change of currency

       (a)  Unless otherwise prohibited by law, if more than one currency or
            currency unit are at the same time recognised by the central bank of
            any country as the lawful currency of that country, then:

                                      -51-

<PAGE>

            (i)  any reference in the Finance Documents to, and any obligations
                 arising under the Finance Documents in, the currency of that
                 country shall be translated into, or paid in, the currency or
                 currency unit of that country designated by the Agent (after
                 consultation with the Borrower); and

            (ii) any translation from one currency or currency unit to another
                 shall be at the official rate of exchange recognised by the
                 central bank for the conversion of that currency or currency
                 unit into the other, rounded up or down by the Agent (acting
                 reasonably).

       (b)  If a change in any currency of a country occurs, this Agreement
            will, to the extent the Agent (acting reasonably and after
            consultation with the Borrower) specifies to be necessary, be
            amended to comply with any generally accepted conventions and market
            practice in the London interbank market and otherwise to reflect the
            change in currency.

26.    SET-OFF

       A Finance Party may set off any matured obligation due from the Borrower
       under the Finance Documents (to the extent beneficially owned by that
       Finance Party) against any matured obligation owed by that Finance Party
       to the Borrower, regardless of the place of payment, booking branch or
       currency of either obligation. If the obligations are in different
       currencies, the Finance Party may convert either obligation at a market
       rate of exchange in its usual course of business for the purpose of the
       set-off.

27.    NOTICES

27.1   Communications in writing

       Any communication to be made under or in connection with the Finance
       Documents shall be made in writing and, unless otherwise stated, may be
       made by fax, letter or telex.

27.2   Addresses

       The address, fax number and telex number (and the department or officer,
       if any, for whose attention the communication is to be made) of each
       Party for any communication or document to be made or delivered under or
       in connection with the Finance Documents is:

       (a)  in the case of the Borrower, that identified with its name below;

       (b)  in the case of each Lender, that notified in writing to the Agent on
            or prior to the date on which it becomes a Party; and

       (c)  in the case of the Agent, that identified with its name below,

       or any substitute address, fax number, telex number or department or
       officer as the Party may notify to the Agent (or the Agent may notify to
       the other Parties, if a change is made by the Agent) by not less than
       five Business Days' notice.

                                      -52-

<PAGE>

27.3   Delivery

       (a)  Any communication or document made or delivered by one person to
            another under or in connection with the Finance Documents will only
            be effective:

            (i)   if by way of fax, when received in legible form; or

            (ii)  if by way of letter, when it has been left at the relevant
                  address or five Business Days after being deposited in the
                  post postage prepaid in an envelope addressed to it at that
                  address;

            and, if a particular department or officer is specified as part of
            its address details provided under Clause 27.2 (Addresses), if
            addressed to that department or officer.

       (b)  Any communication or document to be made or delivered to the Agent
            will be effective only when actually received by the Agent and then
            only if it is expressly marked for the attention of the department
            or officer identified with the Agent's signature below (or any
            substitute department or officer as the Agent shall specify for this
            purpose).

       (c)  All notices from or to the Borrower shall be sent through the Agent.

27.4   Notification of address and fax number

       Promptly upon receipt of notification of an address, fax number and telex
       number or change of address, fax number or telex number pursuant to
       Clause 27.2 (Addresses) or changing its own address, fax number or telex
       number, the Agent shall notify the other Parties.

27.5   Electronic communication

       (a)  Any communication to be made between the Agent and a Lender under or
            in connection with the Finance Documents may be made by electronic
            mail or other electronic means, if the Agent and the relevant
            Lender:

            (i)   agree that, unless and until notified to the contrary, this is
                  to be an accepted form of communication;

            (ii)  notify each other in writing of their electronic mail address
                  and/or any other information required to enable the sending
                  and receipt of information by that means; and

            (iii) notify each other of any change to their address or any other
                  such information supplied by them.

       (b)  Any electronic communication made between the Agent and a Lender
            will be effective only when actually received in readable form and
            in the case of any electronic communication made by a Lender to the
            Agent only if it is addressed in such a manner as the Agent shall
            specify for this purpose.

                                      -53-

<PAGE>

27.6   English language

      (a)   Any notice given under or in connection with any Finance Document
            must be in English.

       (b)  All other documents provided under or in connection with any Finance
            Document must be:

            (i)  in English; or

            (ii) if not in English, and if so required by the Agent, accompanied
                 by a certified English translation and, in this case, the
                 English translation will prevail unless the document is a
                 constitutional, statutory or other official document.

28.    CALCULATIONS AND CERTIFICATES

28.1   Accounts

       In any litigation or arbitration proceedings arising out of or in
       connection with a Finance Document, the entries made in the accounts
       maintained by a Finance Party are prima facie evidence of the matters to
       which they relate.

28.2   Certificates and Determinations

       Any certification or determination by a Finance Party of a rate or amount
       under any Finance Document is, in the absence of manifest error,
       conclusive evidence of the matters to which it relates.

28.3   Day count convention

       Any interest, commission or fee accruing under a Finance Document will
       accrue from day to day and is calculated on the basis of the actual
       number of days elapsed and a year of 360 days or, in any case where the
       practice in the London interbank market differs, in accordance with that
       market practice.

29.    PARTIAL INVALIDITY

       If, at any time, any provision of the Finance Documents is or becomes
       illegal, invalid or unenforceable in any respect under any law of any
       jurisdiction, neither the legality, validity or enforceability of the
       remaining provisions nor the legality, validity or enforceability of such
       provision under the law of any other jurisdiction will in any way be
       affected or impaired.

30.    REMEDIES AND WAIVERS

       No failure to exercise, nor any delay in exercising, on the part of any
       Finance Party, any right or remedy under the Finance Documents shall
       operate as a waiver, nor shall any single or partial exercise of any
       right or remedy prevent any further or other exercise or the exercise of
       any other right or remedy. The rights and remedies provided in this
       Agreement are cumulative and not exclusive of any rights or remedies
       provided by law.

                                      -54-

<PAGE>

31.    AMENDMENTS AND WAIVERS

31.1   Required consents

       (a)  Subject to Clause 31.2 (Exceptions) any term of the Finance
            Documents may be amended or waived only with the consent of the
            Majority Lenders and the Borrower and any such amendment or waiver
            will be binding on all Parties.

       (b)  The Agent may effect, on behalf of any Finance Party, any amendment
            or waiver permitted by this Clause.

31.2   Exceptions

       (a)  An amendment or waiver that has the effect of changing or which
            relates to:

            (i)   the definition of "Majority Lenders", "Qualified Majority
                  Lenders" or "Special Qualified Majority Lenders" in Clause 1.1
                  (Definitions);

            (ii)  an extension to the date of payment of any amount under the
                  Finance Documents;

            (iii) a reduction in the Margin or a reduction in the amount of any
                  payment of principal, interest, fees or commission payable;

            (iv)  an increase in or an extension of any Commitment;

            (v)   a change to the Borrower;

            (vi)  any provision which expressly requires the consent of all the
                  Lenders; or

            (vii) Clause 2.2 (Finance Parties' rights and obligations), Clause
                  20 (Changes to the Lenders) or this Clause 31;

            shall not be made without the prior consent of all the Lenders.

       (b)  An amendment or waiver which relates to the rights or obligations of
            the Agent or the Arranger may not be effected without the consent of
            the Agent or the Arranger.

32.    COUNTERPARTS

       Each Finance Document may be executed in any number of counterparts, and
       this has the same effect as if the signatures on the counterparts were on
       a single copy of the Finance Document.

                                      -55-

<PAGE>

                                   SECTION 11

                  LIMITED RECOURSE OBLIGATIONS OF THE BORROWER

33.    LIMITED RECOURSE AND NO PETITION

33.1   Limited Recourse

       Notwithstanding anything in the Finance Documents to the contrary, each
       of the Finance Parties hereby acknowledges and agrees to limit its
       recourse against the Borrower under the Finance Documents as follows:

       (a)  all amounts payable or expressed to be payable by the Borrower on,
            under or in respect of its obligations and liabilities under the
            Finance Documents, including, without limitation, any payment
            obligations of the Borrower pursuant to the Finance Documents shall
            be recoverable only from and to the extent of:

            (i)   sums received in respect of the Charged Assets; and

            (ii)  the proceeds of any realisation or enforcement of the Deed of
                  Charge in accordance with the terms thereof;

       (b)  each of the Finance Parties agrees that it will look solely to such
            sums and proceeds for payment of all amounts payable or expressed to
            be payable to it by the Borrower under the Finance Documents
            (provided that to the extent that no such sums or proceeds exist the
            Borrower shall not be liable to make payment of the aforementioned
            amounts); and

       (c)  in addition, each of the Finance Parties hereby agrees that no
            amount owing by the Borrower under this Agreement shall constitute a
            claim against the Borrower unless the Borrower has received amounts
            in respect of the Charged Assets sufficient to pay such amounts. No
            recourse shall be had for the payment of any amount owing under the
            Finance Documents or claim against the Borrower arising out of or
            based upon the Finance Documents, against any member, equity holder,
            employee, officer, director, or affiliate thereof.

33.2   No Petition

       Notwithstanding anything in the Finance Documents to the contrary, each
       of the Finance Parties hereby agrees with the Borrower that it shall not
       take any steps to initiate or join any person in initiating any
       insolvency proceedings in relation to the Borrower or the appointment of
       any insolvency officer in connection to the initiation or conduct of
       insolvency proceedings in relation to the Borrower or in relation to the
       whole or any substantial part of the undertakings or assets of the
       Borrower.

33.3   Clause to survive termination

       The provisions of this Clause 33 shall survive termination of the
       Agreement.

                                      -56-

<PAGE>

                                   SECTION 12

                          GOVERNING LAW AND ENFORCEMENT

34.    GOVERNING LAW

       This Agreement is governed by English law.

35.    ENFORCEMENT

35.1   Jurisdiction of English courts

       (a)  The courts of England have exclusive jurisdiction to settle any
            dispute arising out of or in connection with this Agreement
            (including a dispute regarding the existence, validity or
            termination of this Agreement) (a "Dispute").

       (b)  The Parties agree that the courts of England are the most
            appropriate and convenient courts to settle Disputes and accordingly
            no Party will argue to the contrary.

       (c)  This Clause 35.1 is for the benefit of the Finance Parties only. As
            a result, no Finance Party shall be prevented from taking
            proceedings relating to a Dispute in any other courts with
            jurisdiction. To the extent allowed by law, the Finance Parties may
            take concurrent proceedings in any number of jurisdictions.

35.2   Service of process

       Without prejudice to any other mode of service allowed under any relevant
       law, the Borrower:

       (a)  irrevocably appoints Clifford Secretaries Limited, 200 Aldersgate
            Street, London EC1A 4JJ as its agent for service of process in
            relation to any proceedings before the English courts in connection
            with any Finance Document; and

       (b)  agrees that failure by a process agent to notify it of the process
            will not invalidate the proceedings concerned.

This Agreement has been entered into on the date stated at the beginning of this
Agreement.

                                      -57-

<PAGE>

                                   SCHEDULE 1

                              THE ORIGINAL PARTIES

                                     Part I

                                  The Borrower

Name of Borrower                     Registration number (or equivalent, if any)

Batteries Funding Limited            355020

                                     Registered Office:

                                     West Block

                                     International Financial Services Centre

                                     Dublin 1

                                      -58-

<PAGE>

                                     Part II

                              The Original Lenders

Name of Original Lender                       Facility A        Facility B
                                              Commitment        Commitment

Citibank, N.A.                               $ 45,000,000      $ 20,000,000

Bank of America, N.A.                        $ 28,000,000      $  7,000,000

Bear, Stearns & Co. Inc                      $  7,000,000      $ 18,000,000

The CIT Group/Commercial Services Inc.       $ 20,000,000           N/A

BNP Paribas                                      N/A           $ 12,500,000

The Foothill Group, Inc.                     $ 10,000,000           N/A

Bank Espirito Santo, S.A.                        N/A           $  5,000,000

The Governor and Company of The                  N/A           $  5,000,000
Bank of Ireland

                                            -------------     ------------
Total                                        $110,000,000      $ 67,500,000

                                      -59-

<PAGE>

                                   SCHEDULE 2

                              CONDITIONS PRECEDENT

                   Conditions precedent to initial Utilisation

1.   Obligors

     (a)  A copy of the constitutional documents of the Borrower.

     (b)  A copy of a resolution of the board of directors of the Borrower:

          (i)    approving the terms of, and the transactions contemplated by,
                 the Transaction Documents to which it is a party and resolving
                 that it execute the Transaction Documents to which it is a
                 party;

          (ii)   authorising a specified person or persons to execute the
                 Transaction Documents to which it is a party on its behalf; and

          (iii)  authorising a director, on its behalf, to sign and/or despatch
                 all documents and notices (including, if relevant, any
                 Utilisation Request) to be signed and/or despatched by it under
                 or in connection with the Transaction Documents to which it is
                 a party.

     (c)  A specimen of the signature of each person authorised by the
          resolution referred to in paragraph (b) above.

     (d)  A certificate of an authorised signatory of the Borrower certifying
          that each copy document relating to it specified in this Schedule 2 is
          correct, complete and in full force and effect as at a date no earlier
          than the date of this Agreement.

     (e)  A certificate of a duly authorised officer of the Borrower setting out
          the names, home and business addresses, occupations and date of birth
          of the directors and secretary and such other information as any Bank
          may require to comply with the Criminal Justice Act, 1994 or other
          analogous legislation.

     (f)  A solvency certificate from the Borrower.

2.   Legal opinions

     (a)  A legal opinion of Clifford Chance, legal advisers to the Arranger and
          the Agent in England, substantially in the form distributed to the
          Original Lenders prior to signing this Agreement.

     (g)  A legal opinion of Arthur Cox, substantially in the form distributed
          to the Original Lenders prior to signing this Agreement.

                                      -60-

<PAGE>

3.   Other documents and evidence

     (a)  Evidence that any process agent referred to in Clause 35.2 (Service of
          process) has accepted its appointment.

     (h)  A copy of any other Authorisation or other document, opinion or
          assurance which the Agent considers to be necessary or desirable (if
          it has notified the Borrower accordingly) in connection with the entry
          into and performance of the transactions contemplated by any Finance
          Document or for the validity and enforceability of any Finance
          Document.

     (i)  Evidence that the fees, costs and expenses then due pursuant to Clause
          11 (Fees) and Clause 15 (Costs and expenses) have been paid or will be
          paid by the first Utilisation Date.

     (j)  All initial conditions precedents set out in each of the Origination
          Agreements have been met.

                                      -61-

<PAGE>

                                   SCHEDULE 3

                                    Requests

                               Utilisation Request

From:  Batteries Funding Limited

To:    Citibank, N.A., London Branch

Dated:

Dear Sirs

              Batteries Funding Limited - [.] Facilities Agreement
                           dated [.] (the "Agreement")

1.   We refer to the Agreement. This is a Utilisation Request. Terms defined in
     the Agreement have the same meaning in this Utilisation Request unless
     given a different meaning in this Utilisation Request.

2.   We wish to borrow a Loan on the following terms:

     Proposed Utilisation Date:             [      ] (or, if that is not a
                                            Business Day, the next Business Day)
     Facility to be utilised:               [Facility A]/[Facility B]*

     Currency of Loan:                      $

     Amount:                                [      ]

     Interest Period:                       [      ]

     Origination Agreement:                 [      ]

3.   We confirm that each condition specified in Clause 4.2 (Further conditions
     precedent) is satisfied on the date of this Utilisation Request.

4.   The proceeds of this Loan should be credited to [account].

5.   This Utilisation Request is irrevocable.

                                Yours faithfully

                       ---------------------------------
                       Director/Duly authorised agent of
                               [name of Borrower]

.. delete as appropriate

                                      -62-

<PAGE>

                                   SCHEDULE 4

                             MANDATORY COST FORMULAE

1.   The Mandatory Cost is an addition to the interest rate in relation to the
     cost of compliance with (a) the requirements of the Financial Services
     Authority (or, any other authority which replaces all or any of its
     functions) or (b) the requirements of the European Central Bank.

2.   On the first day of each Interest Period (or as soon as possible
     thereafter) the Agent shall calculate, as a percentage rate, a rate (the
     "Additional Cost Rate") in accordance with the paragraphs set out below.
     The Mandatory Cost will be calculated by the Agent by reference to the
     Agent's own Additional Cost Rate and will be expressed as a percentage rate
     per annum.

3.   The Additional Cost Rate for any Lender lending from a Facility Office in a
     Participating Member State will be the percentage determined by the Agent
     as the cost of complying with the minimum reserve requirements of the
     European Central Bank.

4.   The Additional Cost Rate for any Lender lending from a Facility Office in
     the United Kingdom will be calculated by the Agent as follows:

                           E x 0.01
                           -------- per cent. per annum.
                              300

     Where:

     E    is the rate of charge payable by the Agent to the Financial Services
          Authority pursuant to the Fees Rules (calculated for this purpose by
          the Agent as being the average of the Fee Tariffs applicable to the
          Agent) and expressed in pounds per (pound)1,000,000 of the Tariff Base
          of the Agent.

5.   For the purposes of this Schedule:

     (a)  "Fees Rules" means the rules on periodic fees contained in the FSA
          Supervision Manual or such other law or regulation as may be in force
          from time to time in respect of the payment of fees for the acceptance
          of deposits;

     (b)  "Fee Tariffs" means the fee tariffs specified in the Fees Rules under
          the activity group A.1 Deposit acceptors (ignoring any minimum fee or
          zero rated fee required pursuant to the Fees Rules but taking into
          account any applicable discount rate); and

     (c)  "Tariff Base" has the meaning given to it in, and will be calculated
          in accordance with, the Fees Rules.

6.   The Agent shall have no liability to any person if such determination
     results in an Additional Cost Rate which over or under compensates any
     Lender.

                                      -63-

<PAGE>

7.   Any determination by the Agent pursuant to this Schedule in relation to a
     formula, the Mandatory Cost, an Additional Cost Rate or any amount payable
     to a Lender shall, in the absence of manifest error, be conclusive and
     binding on all Parties.

8.   The Agent may from time to time, after consultation with the Borrower and
     the Lenders, determine and notify to all Parties any amendments which are
     required to be made to this Schedule in order to comply with any change in
     law, regulation or any requirements from time to time imposed by the
     Financial Services Authority or the European Central Bank (or, in any case,
     any other authority which replaces all or any of its functions) and any
     such determination shall, in the absence of manifest error, be conclusive
     and binding on all Parties.

                                      -64-

<PAGE>

                                   SCHEDULE 5

                          FORM OF TRANSFER CERTIFICATES

                                     Part I

To:    Citibank, N.A., London Branch as Agent

From:  [The Existing Lender] (the "Existing Lender") and [The New Lender] (the
"New Lender")

Dated:
              Batteries Funding Limited - [.] Facilities Agreement

                           dated [.] (the "Agreement")

1.   We refer to the Agreement. This is a Transfer Certificate. Terms defined in
     the Agreement have the same meaning in this Transfer Certificate unless
     given a different meaning in this Transfer Certificate.

2.   We refer to Clause 20.5 (Procedure for transfer):

     (a)  The Existing Lender and the New Lender agree to the Existing Lender
          and the New Lender transferring by novation all or part of the
          Existing Lender's Commitment, rights and obligations referred to in
          the Schedule in accordance with Clause 20.5 (Procedure for transfer).

     (d)  The proposed Transfer Date is [   ].

     (e)  The Facility Office and address, fax number and attention details for
          notices of the New Lender for the purposes of Clause 27.2 (Addresses)
          are set out in the Schedule.

3.   The New Lender expressly acknowledges the limitations on the Existing
     Lender's obligations set out in paragraph (c) of Clause 20.4 (Limitation of
     responsibility of Existing Lenders).

4.   This Transfer Certificate may be executed in any number of counterparts and
     this has the same effect as if the signatures on the counterparts were on a
     single copy of this Transfer Certificate.

5.   This Transfer Certificate is governed by English law.

                                  THE SCHEDULE

               Commitment/rights and obligations to be transferred

                            [insert relevant details]

   [Facility Office address, fax number and attention details for notices and
                         account details for payments,]

                                      -65-

<PAGE>

     [Existing Lender]                       [New Lender]

     By:                                     By:

     This Transfer Certificate is accepted by the Agent and the Transfer Date is
     confirmed as [    ].

     [Agent]

     By:

                                    Part II
                         LMA Transfer Certificate (Par)

BANK:
                                                                           Date:
TRANSFEREE:

This Transfer Certificate is entered into pursuant to (i) the agreement (the
"Sale Agreement") evidenced by the Confirmation dated between the Bank and the
Transferee (acting directly or through their respective agents) and (ii) the
Credit Agreement.

On the Transfer Date, the transfer by way of novation from the Bank to the
Transferee on the terms set out herein and in the Credit Agreement shall become
effective subject to:-

     (i)   the Sale Agreement and the terms and conditions incorporated in the
           Sale Agreement;

     (ii)  the terms and conditions annexed hereto; and

     (iii) the schedule annexed hereto,

all of which are incorporated herein by reference.

The Bank                                The Transferee
[              ]                        [            ]
By:                                     By:

                                      -66-

<PAGE>

                                  The Schedule

Credit Agreement Details:

Borrower(s):                            ___________________________________
Credit Agreement Dated                  ___________________________________
Guarantor(s):                           ___________________________________
Agent Bank:                             ___________________________________
Security:                               [_] No     [_]Yes (specify) ____________

Total Facility Amount:                  ___________________________________
Governing Law:                          ___________________________________
Additional Information:                 ___________________________________

Transfer Details:
Name of Tranche Facility:               _________________    ______________
Nature (Revolving, Term, Acceptances
    Guarantee/Letter of Credit, Other): _________________    ______________
Final Maturity:                         _________________    ______________
Participation Transferred

Commitment transferred/1/               _________________    ______________
    Drawn Amount (details below):/1/    _________________    ______________
    Undrawn Amount:/1/                  _________________    ______________

Settlement Date:                        _________________

Details of outstanding Credits/1/

    Specify in respect of each Credit:  _________________

    Transferred Portion (amount):       _________________

    Tranche/Facility:                   _________________
    Nature:                             [-] Term   [_] Revolver  [_] Acceptance
                                        [_] Guarantee/Letter of Credit
                                        [_] Other (specify) _______________

    [_] Details of other Credits are set out on the attached sheet

Administration Details
Bank's Receiving Account:               _________________________
Transferee's Receiving Account:         _________________________

Addresses
Bank                                    Transferee
[        ]                              [         ]
Address:                                Address:
Telephone:                              Telephone:
Facsimile:                              Facsimile:
Telex:                                  Telex:
Attn/Ref:                               Attn/Ref:

/1/  As at the date of the Transfer Certificate

                                      -67-

<PAGE>

                              TERMS AND CONDITIONS

These are the Terms and Conditions applicable to the transfer certificate
including the Schedule thereto (the "Transfer Certificate") to which they are
annexed.

1.   Interpretation

     In these Terms and Conditions words and expressions shall (unless otherwise
     expressly defined herein) bear the meaning given to them in the Transfer
     Certificate, the Credit Agreement or the Sale Agreement.

2.   Transfer

     The Bank requests the Transferee to accept and procure the transfer by
     novation of all or a part (as applicable) of such participation of the Bank
     under the Credit Agreement as is set out in the relevant part of the
     Transfer Certificate under the heading "Participation Transferred" (the
     "Purchased Assets") by counter-signing and delivering the Transfer
     Certificate to the Agent at its address for the service of notice specified
     in the Credit Agreement. On the Transfer Date the Transferee shall pay to
     the Bank the Settlement Amount as specified in the pricing letter between
     the Bank and the Transferee dated the date of the Transfer Certificate
     (adjusted, if applicable, in accordance with the Sale Agreement) and
     completion of the transfer will take place.

3.   Effectiveness of Transfer

     The Transferee hereby requests the Agent to accept the Transfer Certificate
     as being delivered to the Agent pursuant to and for the purposes of the
     Credit Agreement so as to take effect in accordance with the terms of the
     Credit Agreement on the Transfer Date or on such later date as may be
     determined in accordance with the terms thereof.

4.   Transferee's Undertaking

     The Transferee hereby undertakes with the Agent and the Bank and each of
     the other parties to the Credit Documentation that it will perform in
     accordance with its terms all those obligations which by the terms thereof
     will be assumed by it after delivery of the Transfer Certificate to the
     Agent and satisfaction of the conditions (if any) subject to which the
     Transfer Certificate is to take effect.

5.   Payments

5.1  Place

     All payments by either party to the other under the Transfer Certificate
     shall be made to the Receiving Account of that other party. Each party may
     designate a different account as its Receiving Account for payment by
     giving the other not less than five Business Days notice before the due
     date for payment.

                                      -68-

<PAGE>

5.2    Funds

       Payments under the Transfer Certificate shall be made in the currency in
       which the amount is denominated for value on the due date at such times
       and in such funds as are customary at the time for settlement of
       transactions in that currency.

6.     The Agent

       The Agent shall not be required to concern itself with the Sale Agreement
       and may rely on the Transfer Certificate without taking account of the
       provisions of such agreement.

7.     Assignment of Rights

       The Transfer Certificate shall be binding upon and ensure to the benefit
       of each party and its successors and permitted assigns provided that
       neither party may assign or transfer its rights thereunder without the
       prior written consent of the other party.

8.     Counterparts

       This Transfer Certificate may be executed in any number of counterparts
       and this has the same effect as if the signatures on the counterparts
       were on a single copy of this Transfer Certificate.

9.     Governing Law and Jurisdiction

       The Transfer Certificate (including, without limitation, these Terms and
       Conditions) shall be governed by and construed in accordance with the
       laws of England, and the parties submit to the non-exclusive jurisdiction
       of the English courts.

       Each party irrevocably appoints the person described as process agent (if
       any) specified in the Sale Agreement to receive on its behalf service of
       any action, suit or other proceedings in connection with the Transfer
       Certificate. If any person appointed as process agent ceases to act for
       any reason the appointing party shall notify the other party and shall
       promptly appoint another person incorporated within England and Wales to
       act as its process agent.

                                      -69-

<PAGE>

                                   SCHEDULE 6

                     LMA FORM OF CONFIDENTIALITY UNDERTAKING

                  [Letterhead of Seller/Seller's agent/broker]

To:
============================================
                                             [insert name of Potential
                                             Purchaser/Purchaser's agent/broker]

============================================

Re:   The Agreement

============================================
 Borrower:  Batteries Funding Limited

 Date:      May 2002

 Amount:    $177,500,000

 Agent:     Citibank, N.A., London Branch

============================================

Dear Sirs

We understand that you are considering [acquiring]/a/[arranging the acquisition
of]/b/ an interest in the Agreement (the "Acquisition"). In consideration of us
agreeing to make available to you certain information, by your signature of a
copy of this letter you agree as follows:

1.     Confidentiality Undertaking You undertake (a) to keep the Confidential
       Information confidential and not to disclose it to anyone except as
       provided for by paragraph 2 below and to ensure that the Confidential
       Information is protected with security measures and a degree of care that
       would apply to your own confidential information, (b) to use the
       Confidential Information only for the Permitted Purpose, (c) to use all
       reasonable endeavours to ensure that any person to whom you pass any
       Confidential Information (unless disclosed under paragraph 2[(c)/(d)]/c/
       below) acknowledges and complies with the provisions of this letter as if
       that person were also a party to it, and (d) not to make enquiries of the
       Borrower or any member of the Exide Group or any of their officers,
       directors, employees or professional advisers relating directly or
       indirectly to the Acquisition.

2.     Permitted Disclosure We agree that you may disclose Confidential
       Information:

/a/    delete if addressee is acting as broker or agent.

/b/    delete if addressee is acting as principal.

/c/    delete as applicable.

                                      -70-

<PAGE>

       (a)         to members of the Purchaser Group and their officers,
                   directors, employees and professional advisers to the extent
                   necessary for the Permitted Purpose and to any auditors of
                   members of the Purchaser Group;

       [(b)        subject to the requirements of the Agreement, in accordance
                   with the Permitted Purpose so long as any prospective
                   purchaser has delivered a letter to you in equivalent form to
                   this letter;]

       [(b/c)]/c/  subject to the requirements of the Agreement, to any person
                   to (or through) whom you assign or transfer (or may
                   potentially assign or transfer) all or any of the rights,
                   benefits and obligations which you may acquire under the
                   Agreement or with (or through) whom you enter into (or may
                   potentially enter into) any sub-participation in relation to,
                   or any other transaction under which payments are to be made
                   by reference to, the Agreement or the Borrower or any member
                   of the Exide Group so long as that person has delivered a
                   letter to you in equivalent form to this letter; and

       [(c/d)]/c/  (i) where requested or required by any court of competent
                   jurisdiction or any competent judicial, governmental,
                   supervisory or regulatory body, (ii) where required by the
                   rules of any stock exchange on which the shares or other
                   securities of any member of the Purchaser Group are listed or
                   (iii) where required by the laws or regulations of any
                   country with jurisdiction over the affairs of any member of
                   the Purchaser Group.

3.     Notification of Required or Unauthorised Disclosure You agree (to the
       extent permitted by law) to inform us of the full circumstances of any
       disclosure under paragraph 2[(c)/(d)]/c/ or upon becoming aware that
       Confidential Information has been disclosed in breach of this letter.

4.     Return of Copies If we so request in writing, you shall return all
       Confidential Information supplied to you by us and destroy or permanently
       erase all copies of Confidential Information made by you and use all
       reasonable endeavours to ensure that anyone to whom you have supplied any
       Confidential Information destroys or permanently erases such Confidential
       Information and any copies made by them, in each case save to the extent
       that you or the recipients are required to retain any such Confidential
       Information by any applicable law, rule or regulation or by any competent
       judicial, governmental, supervisory or regulatory body or in accordance
       with internal policy, or where the Confidential Information has been
       disclosed under paragraph 2[(c)/(d)]/c/ above.

5.     Continuing Obligations The obligations in this letter are continuing and,
       in particular, shall survive the termination of any discussions or
       negotiations between you and us. Notwithstanding the previous sentence,
       the obligations in this letter shall cease (a) if you become a party to
       or otherwise acquire (by assignment or sub-participation) an interest,
       direct or indirect, in the Agreement or (b) twelve months after you have
       returned all Confidential Information supplied to you by us and destroyed
       or permanently erased all copies of Confidential Information made by you
       (other than

                                      -71-

<PAGE>

       any such Confidential Information or copies which have been disclosed
       under paragraph 2 above (other than sub-paragraph 2(a)) or which,
       pursuant to paragraph 4 above, are not required to be returned or
       destroyed).

6.     No Representation; Consequences of Breach, etc You acknowledge and agree
       that:

       (a)    neither we, [nor our principal]/d/, nor the Borrower, nor any
              member of the Exide Group nor any of our or their respective
              officers, employees or advisers (each a "Relevant Person") (i)
              make any representation or warranty, express or implied, as to, or
              assume any responsibility for, the accuracy, reliability or
              completeness of any of the Confidential Information or any other
              information supplied by us or the assumptions on which it is based
              or (ii) shall be under any obligation to update or correct any
              inaccuracy in the Confidential Information or any other
              information supplied by us or be otherwise liable to you or any
              other person in respect to the Confidential Information or any
              such information; and

       (b)    we [or our principal]/d/ or the Borrower or members of the Exide
              Group may be irreparably harmed by the breach of the terms hereof
              and damages may not be an adequate remedy; each Relevant Person
              may be granted an injunction or specific performance for any
              threatened or actual breach of the provisions of this letter by
              you.

7.     No Waiver; Amendments, etc This letter sets out the full extent of your
       obligations of confidentiality owed to us in relation to the information
       the subject of this letter. No failure or delay in exercising any right,
       power or privilege hereunder will operate as a waiver thereof nor will
       any single or partial exercise of any right, power or privilege preclude
       any further exercise thereof or the exercise of any other right, power or
       privileges hereunder. The terms of this letter and your obligations
       hereunder may only be amended or modified by written agreement between
       us.

8.     Inside Information You acknowledge that some or all of the Confidential
       Information is or may be price-sensitive information and that the use of
       such information may be regulated or prohibited by applicable legislation
       relating to insider dealing and you undertake not to use any Confidential
       Information for any unlawful purpose.

9.     Nature of Undertakings The undertakings given by you under this letter
       are given to us and (without implying any fiduciary obligations on our
       part) are also given for the benefit of [our principal,]d the Borrower
       and each member of the Exide Group.

10.    Third party rights

       (a)    Subject to paragraph 10 and to paragraphs 6 and 9, a person who is
              not a party to this letter has no right under the Contracts
              (Rights of Third Parties)

/d/    delete if letter is sent out by the Seller rather than the Seller's
       broker or agent.

                                      -72-

<PAGE>

              Act 1999 (the "Third Parties Act") to enforce or to enjoy the
              benefit of any term of this letter.

       (b)    The Relevant Persons may enjoy the benefit of the terms of
              paragraphs 6 and 9 subject to and in accordance with this
              paragraph 10 and the provisions of the Third Parties Act.

       (c)    The parties to this letter do not require the consent of the
              Relevant Persons to rescind or vary this letter at any time.

11.    Governing Law and Jurisdiction This letter (including the agreement
       constituted by your acknowledgement of its terms) shall be governed by
       and construed in accordance with the laws of England and the parties
       submit to the non-exclusive jurisdiction of the English courts.

12.    Definitions In this letter (including the acknowledgement set out below)
       terms defined in the Agreement shall, unless the context otherwise
       requires, have the same meaning and:

       "Confidential Information" means any information relating to the
       Borrower, the Exide Group, the Agreement and/or the Acquisition provided
       to you by us or any of our affiliates or advisers, in whatever form, and
       includes information given orally and any document, electronic file or
       any other way of representing or recording information which contains or
       is derived or copied from such information but excludes information that
       (a) is or becomes public knowledge other than as a direct or indirect
       result of any breach of this letter or (b) is known by you before the
       date the information is disclosed to you by us or any of our affiliates
       or advisers or is lawfully obtained by you thereafter, other than from a
       source which is connected with the Borrower or the Exide Group and which,
       in either case, as far as you are aware, has not been obtained in
       violation of, and is not otherwise subject to, any obligation of
       confidentiality;

       "Exide Group" means Exide Technologies and all its Subsidiaries (as
       defined in the Agreement);

       "Permitted Purpose" means [subject to the terms of this letter, passing
       on information to a prospective purchaser for the purpose of]/b/
       considering and evaluating whether to enter into the Acquisition; and

       "Purchaser Group" means you, each of your holding companies and
       subsidiaries and each subsidiary of each of your holding companies (as
       each such term is defined in the Companies Act 1985).

       Please acknowledge your agreement to the above by signing and returning
       the enclosed copy.

       Yours faithfully

       ... ....................

                                      -73-

<PAGE>

       For and on behalf of

       [Seller/Seller's agent/broker]

       To:     [Seller]
               [Seller's agent/broker]
               The Borrower
               Exide Technologies

       We acknowledge and agree to the above:

       ... .......................

       For and on behalf of

       [Potential Purchaser/Purchaser's agent/broker]

                                      -74-

<PAGE>

                                   SCHEDULE 7

                                   TIMETABLES

                                                            Loans in dollars

Delivery of a duly completed Utilisation                          U-2

Request (Clause 5.1 (Delivery of a Utilisation                 12.00 noon

Request)

Agent notifies the Lenders of the Loan in                         U-2
accordance with Clause 5.4 (Lenders'                            3.00pm
participation)

LIBOR is fixed                                    Quotation Day as of 11:00 a.m.
                                                  London time

"U" = date of utilisation

"U - X" = X Business Days prior to date of utilisation

                                      -75-

<PAGE>

                                   Schedule 8

                             APPLICATION OF PAYMENTS

The Borrower shall, prior to its receiving notice pursuant to Clause 19.11 of
the Agreement following the occurrence of an Event of Default, apply or cause to
be applied all amounts received by it under the Origination Documents to which
it is a party and otherwise in respect of the Charged Assets in the following
order of priority (to the extent not otherwise paid (whether pursuant to any
Fees Letter or otherwise)):

(a)    prior to Termination Date:

       (i)    first, to the payment, pari passu, of the fees and expenses due to
              the Finance Parties under this Agreement, the Swap Counterparty
              under the Currency Exchange Agreement and the Administrator under
              the Administration Agreement;

       (ii)   second, to the payment, pari passu, of (1) interest on the Loans
              due but unpaid under this Agreement and (2) scheduled payments due
              under the Currency Exchange Agreement;

       (iii)  third, to the payment of the purchase price of the Receivables
              acquired by the Borrower pursuant to the Origination Documents to
              which it is a party;

       (iv)   fourth, to the prepayment (if any) of any Loan in the manner set
              out in Clause 7.1 of this Agreement;

       (v)    fifth, to the prepayment (if any) of the Loans in the manner set
              out in Clause 7.2 and 7.3 of this Agreement;

       (vi)   sixth, to the payment, pari passu, of any increased costs,
              termination costs, indemnity or gross up payments due under this
              Agreement and the Currency Exchange Agreement;

       (vii)  seventh, to the payment of any third party costs which are due (to
              the extent not otherwise paid);

       (viii) eighth, to the cash collateralisation of reserves and the payment
              of deferred consideration to Exide Funding, Archimede, the UK
              Originators, the Spanish Originators and the German Originators
              under or pursuant to the Origination Documents to which the
              Borrower is a party, and

(b)    on and following the Termination Date:

       (i)    first, to the payment, pari passu, of the fees and expenses due to
              the Finance Parties under this Agreement, the Swap Counterparty
              under the Currency Exchange Agreement and the Administrator under
              the Administration Agreement;

                                      -76-

<PAGE>

       (ii)   second, to the payment, pari passu, of (1) interest on the Loans
              due but unpaid under this Agreement and (2) scheduled payments due
              under the Currency Exchange Agreement;

       (iii)  third, to the repayment of the Loans in the manner set out in
              Clause 7.4 of this Agreement;

       (iv)   fourth, to the payment, pari passu, of any increased costs,
              termination costs, indemnity or gross up payments due under this
              Agreement and the Currency Exchange Agreement;

       (v)    fifth, to the payment of any third party costs which are due (to
              the extent not otherwise paid);

       (vi)   sixth, after all amounts have been paid in full under this
              Agreement, the Currency Exchange Agreement and the Administration
              Agreement and all cost, fee and expenses owing by the Borrower
              have been paid in full, to the payment of deferred consideration
              to Exide Funding, Archimede, the UK Originators, the Spanish
              Originators and the German Originators under or pursuant to the
              Origination Documents to which it is a party.

                                      -77-

<PAGE>

                                   SIGNATURES

THE BORROWER

BATTERIES FUNDING LIMITED

By:

Address:     West Block
             International Financial Services Centre
             Dublin 1

Tel:         + 353 1 874 0777
Fax:         + 353 1 874 3050
Attention:   The Directors

THE ARRANGER

CITIBANK, N.A., LONDON BRANCH

By:

Address:     Citicorp Centre
             33 Canada Square
             5/th/ Floor
             Canary Wharf
             London E14 5LB

Tel:         + 44 (0)207 986 4746
Fax:         + 44 (0)207 986 4705
Attention:   Ruiynton Dinshaw
Email:       ruiynton.dinshaw@citi.com

THE AGENT

CITIBANK, N.A., LONDON BRANCH

By:

Address:     Citicorp Centre
             33 Canada Square
             5/th/ Floor
             Canary Wharf
             London E14 5LB

Tel:         + 44 (0)207 986 4758
Fax:         + 44 (0)207 986 4705
Attention:   Nigel Kilvington/Charles Prowse
Email:       nigel.kilvington@citi.com/
             charles.prowse@citi.com

                                      -78-

<PAGE>

THE ORIGINAL LENDERS

CITIBANK, N.A., LONDON BRANCH

By:

Address:     Citicorp Centre
             33 Canada Square
             5/th/ Floor
             Canary Wharf
             London E14 5LB

Tel:         + 44 (0)207 986 4746
Fax:         + 44 (0)207 986 4705
Attention:   Nigel Kilvington/Charles Prowse
Email:       nigel.kilvington@citi.com/
             charles.prowse@citi.com

BANK ESPIRITO SANTO, S.A.

By:

Address:     33 Queen Street
             London  EC4R 1ES

Tel:         + 44 (0)207 3324325
Fax:         + 44 (0)207 3324340
Attention:   Mark Lewis
Email:       mark.lewis@bescl.co.uk

BNP PARIBAS

By:

Address:     41 rue Baudin
             92300 Levallois-Perret

Tel:         +33 (1) 4089 8316/23/30
Fax:         +33 (1) 4758 0913/+33 (1) 4089 8309
Attention:   Gerard Metzger/Charlotte Lapalus/Anne-Marie Rodrigo
Email:       gerard.metzger@bnpparibas.com
             charlotte.lapalus@bnpparipas.com
             anne-marie.rodrigo@bnpparipas.com

                                      -79-

<PAGE>

BANK OF AMERICA, N.A.

By:

Address:     New Broad Street House
             35 New Broad Street
             London EC2M 1NH

Tel:         +44 (0)207 809 5806
Fax:         +44 (0)207 809 5873
Attention:   Heather Jones
Email:       heather.l.jones@bankofamerica.com

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

By:

Address:     P O Box 2386
             La Touche House
             Custom House Docks IFSC
             Dublin 2

Tel:         + 3531 611 5338
Fax:         + 353 1829 0129
Attention:   Niam O'Flynn
Email:       niamh.o'flynn@boi.ie

BEAR, STEARNS & CO. INC.

By:

Address:     383 Madison Avenue, 8/th/ Floor
             New York, New York 10179

Tel:         + 212 272 6161
Fax:         + 212 272 8079
Attention:   Jennifer Herskowitz
Email:       jherskowitz@bear.com

THE CIT GROUP/COMMERCIAL SERVICES INC.

By:

Address:     1211 Avenue of the Americas
             New York
             New York 10036

Tel:         +212 382 7273
Fax:         +212 382 7229
Attention:   Sam Macrillo

                                      -80-

<PAGE>

Email:       sam.macrillo@cit.com

THE FOOTHILL GROUP, INC.

By:

Address:     2450 Colorado Avenue
             Suite 3000
             West Santa Monica
             CA 90404

Tel:         +310 453 7388/7387
Fax:         +310 453 7472
Attention:   Nikhil Aggarwal/Elisabeth Eipe
Email:       nikhila@foothillcapial.com
             Lize@foothillcapital.com

                                      -81-

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