Document:

EX-10.1

Exhibit 10.1

January 31, 2008

Gordon A. Ulsh

c/o Exide Technologies

13000 Deerfield Parkway

Building 200

Alpharetta, Georgia 30004

Re: Amendment to Exide Technologies Stock Options

Dear Gordon:

As originally adopted, the Exide Technologies 2004 Stock Incentive Plan (as amended and
restated, the “Plan”) based the exercise price for stock options granted by Exide Technologies (the
“Company”) under the Plan on a formula set forth in the Company’s outstanding warrant agreement,
which provides for an exercise price per share equal to the 10-day trailing average closing price
per share of the Company’s common stock prior to the date of grant of the option. Such exercise
prices in the case of certain options are less than the closing sale price per share of the
Company’s common stock on the NASDAQ Global Market (“Fair Market Value”) on the respective dates of
grant of such options. As a result, there is a risk to you, as holder of such options, that the
current exercise price currently in effect may be considered to be less than the Fair Market on the
date of grant. Unless remedial action is taken to adjust the Original Exercise Price (as defined
below) of these below market options, you may be subject to adverse tax consequences, including an
additional 20% tax under Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as
amended (the “Code”). Such adverse tax consequences may be avoided if the amendments described
below are made to the affected options.

Accordingly, the Company is proposing to amend each of your affected stock options referenced
below (the “Eligible Options”) to increase the exercise price currently in effect (the “Original
Exercise Price”) for the Eligible Options to the Fair Market Value on the date of grant of the
Eligible Option (the “Adjusted Exercise Price”) to avoid the adverse tax consequences described
above. The additional 20% tax under Section 409A does not apply to options that vested on or prior
to December 31, 2004 or that were granted with an exercise price at or above the Fair Market Value
on the date of grant.

1. Amendment. If you acknowledge and accept this amendment (this “Amendment”) of the Eligible
Options to increase the exercise price of those Eligible Options:

	 	(a)	 	the Original Exercise Price of each Eligible Option will
increase to the Adjusted Exercise Price; and

	 	(b)	 	the Company will pay to you a special cash payment(s) (any such
payment, a “Cash Payment”) payable with respect to each Eligible Option that is
amended pursuant to this Amendment in an amount determined by multiplying (1)
the amount by which the Adjusted Exercise Price exceeds the Original Exercise
Price for that Eligible Option by (2) the number of shares of the Company’s
common stock purchasable under that Eligible Option at the Adjusted Exercise
Price, as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Number of Eligible	 	Original Exercise	 	Adjusted Exercise	 	Amount of Cash
	Grant Date	 	Options	 	Price	 	Price	 	Payment
	September 21, 2006

	 	 	332,200	 	 	$	3.64	 	 	$	3.66	 	 	$	6,644.00	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	March 22, 2007

	 	 	191,939	 	 	$	7.559	 	 	$	8.84	 	 	$	245,873.86	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Under applicable Internal Revenue Service regulations, no Cash Payment may be made in
the same year that your Eligible Option is amended. Accordingly, subject to your continued
employment with the Company (as discussed below), a Cash Payment will be paid (1) on the
first regular payroll date after January 1, 2009 with respect to any portion of your amended
Eligible Options that has vested as of December 31, 2008 and (2) on the last business day of
the quarter in which any portion of your amended Eligible Options vests after December 31,
2008. Any Cash Payment, when made, will be subject to all applicable withholding taxes
required to be withheld by the Company.

With respect to any portion of your amended Eligible Options that has vested as of the date
of this Amendment, you already have qualified for the Cash Payment related to such vested
Eligible Options, and such Cash Payment will be paid to you on the Company’s first regular
payroll date after January 1, 2009.

With respect to any portion of your Eligible Options that has not vested as of the date
of this Amendment, you must remain employed by the Company on the date that each portion of
your amended Eligible Options vests to receive the related Cash Payment. For illustrative
purposes:

	 	(i)	 	the Cash Payment with respect to each portion of your amended
Eligible Options that vests during 2008 but after the date of this Amendment
will be paid on the Company’s first regular payroll date after January 1, 2009,
but only to the extent that you remain an employee of the Company on the date
that such portion vests; and

	 	(ii)	 	the Cash Payment with respect to each portion of your amended
Eligible Options that vests after December 31, 2008 will be paid on the last
business day of the quarter in which such portion vests, but only to the extent
you remain an employee of the Company on the date that such portion vests
(e.g., a Cash Payment would be paid on March 31, 2009 with respect to the
portion of your amended Eligible Options that vests during the first calendar
quarter of 2009 if you remain an employee of the Company on the vesting date(s)
during such quarter).

2. Accurate Description of Eligible Options. You acknowledge that the above table accurately
sets forth your Eligible Options.

3. Entire Agreement. This Amendment, together with the formal Stock Option Agreement (“Option
Agreement”) between you and the Company evidencing each of your Eligible Options (to the extent not
expressly amended hereby), and the Plan, represent the entire agreement of the parties with respect
to your Eligible Options and supersede any and all previous contracts, arrangements or
understandings between you and the Company with respect to such Eligible Options. This Amendment
may be amended at any time only by means of a writing signed by you and an authorized officer of
the Company.

4. Continuation of Option Agreements. Except for the foregoing increases to the exercise
prices per share for the Eligible Options, no other terms or provisions of the Option Agreement for
such Eligible Options or the Plan have been modified as a result of this Amendment, and those terms
and provisions continue in full force and effect.

5. Binding Effect. Except as otherwise provided in this Amendment, the Option Agreement (to
the extent not expressly amended hereby) or the Plan, every covenant, term and provision of this
Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective
heirs, legatees, legal representatives, successors, transferees and assigns.

6. Modifications. This Amendment, the Option Agreement or the Plan may be modified or amended
at any time by the Committee pursuant to Section 4 of the Plan (the “Committee”), provided that
your consent must be obtained for any modification that adversely alters or impairs any rights or
obligations under this Amendment, unless there is an express Plan provision permitting the
Committee to act unilaterally to make the modification.

7. Headings. Section and other headings contained in this Amendment are for reference
purposes only and are not intended to describe, interpret, define or limit the scope or intent of
this Amendment or any provision hereof.

8. Severability. Every provision of this Amendment, the Option Agreement (to the extent not
expressly amended hereby) or the Plan is intended to be severable. If any term hereof is illegal
or invalid for any reason, such illegality or invalidity shall not affect the validity or legality
of the remaining terms of this Amendment.

9. Governing Law. This Amendment shall be interpreted, administered and otherwise subject to
the laws of the State of Delaware (disregarding choice-of-law provisions).

10. Counterparts. This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same instrument.

To acknowledge and agree to the amendments described above, please execute and date this
Amendment where indicated on the attached signature page and return it to me by February 18, 2008,
which is the date this Amendment will become effective, at:

Brad S. Kalter

c/o Exide Technologies

13000 Deerfield Parkway

Building 200

Alpharetta, Georgia 30004

If you choose not to agree to amend your Eligible Options, you may be subject to the adverse
tax consequences of section 409A with respect to your Eligible Options. You will have sole
responsibility for any taxes, penalties or interest you may incur under Section 409A (and similar
state tax laws), and the Company will not reimburse you for any such taxes, penalties or interest.
No part of this Amendment should be relied upon as tax advice. The Company recommends that you
consult with your personal tax, financial and legal advisors to determine the tax and other
consequences of accepting or declining this Amendment.

Descriptions of the potential adverse tax consequences of Section 409A set forth herein are
for information purposes only and are not tax, financial or legal advice. Such information does
not constitute an opinion and is not intended or written to be used, and cannot be used, by any
taxpayer for the purpose of avoiding taxes, penalties or interest that may be imposed on the
taxpayer. You should not act upon this information without consulting with your personal tax,
financial and legal advisors.

[Signature page follows]

1

BY YOUR SIGNATURE BELOW, along with the signature of the Company’s authorized
representative, you and the Company agree that the Eligible Options listed above are amended and
will continue to be governed by the terms and conditions of this Amendment, the Option Agreement
(to the extent not expressly amended hereby) and the Plan.

EXIDE TECHNOLOGIES

By:      /s/ Barbara A. Hatcher     

Name: Barbara A. Hatcher

Title: Executive Vice President & General Counsel

Address:13000 Deerfield Parkway

Building 200

Alpharetta, Georgia 30004

The undersigned hereby accepts this Amendment of the Option Agreement(s) relating to the
Eligible Options referenced above to increase the Original Exercise Price of such Eligible Options
to the Adjusted Exercise Price as set forth in this Amendment and the other terms of the Option
Agreement (to the extent not expressly amended hereby) and the Plan.

By:      /s/ Gordon A. Ulsh     

Name: Gordon A. Ulsh

Address:

2EX-10.2

Exhibit 10.2

January 31, 2008

Francis M. Corby, Jr.

c/o Exide Technologies

13000 Deerfield Parkway

Building 200

Alpharetta, Georgia 30004

Re: Amendment to Exide Technologies Stock Options

Dear Fran:

As originally adopted, the Exide Technologies 2004 Stock Incentive Plan (as amended and
restated, the “Plan”) based the exercise price for stock options granted by Exide Technologies (the
“Company”) under the Plan on a formula set forth in the Company’s outstanding warrant agreement,
which provides for an exercise price per share equal to the 10-day trailing average closing price
per share of the Company’s common stock prior to the date of grant of the option. Such exercise
prices in the case of certain options are less than the closing sale price per share of the
Company’s common stock on the NASDAQ Global Market (“Fair Market Value”) on the respective dates of
grant of such options. As a result, there is a risk to you, as holder of such options, that the
current exercise price currently in effect may be considered to be less than the Fair Market on the
date of grant. Unless remedial action is taken to adjust the Original Exercise Price (as defined
below) of these below market options, you may be subject to adverse tax consequences, including an
additional 20% tax under Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as
amended (the “Code”). Such adverse tax consequences may be avoided if the amendments described
below are made to the affected options.

Accordingly, the Company is proposing to amend each of your affected stock options referenced
below (the “Eligible Options”) to increase the exercise price currently in effect (the “Original
Exercise Price”) for the Eligible Options to the Fair Market Value on the date of grant of the
Eligible Option (the “Adjusted Exercise Price”) to avoid the adverse tax consequences described
above. The additional 20% tax under Section 409A does not apply to options that vested on or prior
to December 31, 2004 or that were granted with an exercise price at or above the Fair Market Value
on the date of grant.

1. Amendment. If you acknowledge and accept this amendment (this “Amendment”) of the Eligible
Options to increase the exercise price of those Eligible Options:

	 	(a)	 	the Original Exercise Price of each Eligible Option will
increase to the Adjusted Exercise Price; and

	 	(b)	 	the Company will pay to you a special cash payment(s) (any such
payment, a “Cash Payment”) payable with respect to each Eligible Option that is
amended pursuant to this Amendment in an amount determined by multiplying (1)
the amount by which the Adjusted Exercise Price exceeds the Original Exercise
Price for that Eligible Option by (2) the number of shares of the Company’s
common stock purchasable under that Eligible Option at the Adjusted Exercise
Price, as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Number of Eligible	 	Original Exercise	 	Adjusted Exercise	 	Amount of Cash
	Grant Date	 	Options	 	Price	 	Price	 	Payment
	March 1, 2006

	 	 	61,013	 	 	$	3.89	 	 	$	4.24	 	 	$	21,354.55	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Under applicable Internal Revenue Service regulations, no Cash Payment may be made in
the same year that your Eligible Option is amended. Accordingly, subject to your continued
employment with the Company (as discussed below), a Cash Payment will be paid (1) on the
first regular payroll date after January 1, 2009 with respect to any portion of your amended
Eligible Options that has vested as of December 31, 2008 and (2) on the last business day of
the quarter in which any portion of your amended Eligible Options vests after December 31,
2008. Any Cash Payment, when made, will be subject to all applicable withholding taxes
required to be withheld by the Company.

With respect to any portion of your amended Eligible Options that has vested as of the date
of this Amendment, you already have qualified for the Cash Payment related to such vested
Eligible Options, and such Cash Payment will be paid to you on the Company’s first regular
payroll date after January 1, 2009.

With respect to any portion of your Eligible Options that has not vested as of the date
of this Amendment, you must remain employed by the Company on the date that each portion of
your amended Eligible Options vests to receive the related Cash Payment. For illustrative
purposes:

	 	(i)	 	the Cash Payment with respect to each portion of your amended
Eligible Options that vests during 2008 but after the date of this Amendment
will be paid on the Company’s first regular payroll date after January 1, 2009,
but only to the extent that you remain an employee of the Company on the date
that such portion vests; and

	 	(ii)	 	the Cash Payment with respect to each portion of your amended
Eligible Options that vests after December 31, 2008 will be paid on the last
business day of the quarter in which such portion vests, but only to the extent
you remain an employee of the Company on the date that such portion vests
(e.g., a Cash Payment would be paid on March 31, 2009 with respect to the
portion of your amended Eligible Options that vests during the first calendar
quarter of 2009 if you remain an employee of the Company on the vesting date(s)
during such quarter).

2. Accurate Description of Eligible Options. You acknowledge that the above table accurately
sets forth your Eligible Options.

3. Entire Agreement. This Amendment, together with the formal Stock Option Agreement (“Option
Agreement”) between you and the Company evidencing each of your Eligible Options (to the extent not
expressly amended hereby), and the Plan, represent the entire agreement of the parties with respect
to your Eligible Options and supersede any and all previous contracts, arrangements or
understandings between you and the Company with respect to such Eligible Options. This Amendment
may be amended at any time only by means of a writing signed by you and an authorized officer of
the Company.

4. Continuation of Option Agreements. Except for the foregoing increases to the exercise
prices per share for the Eligible Options, no other terms or provisions of the Option Agreement for
such Eligible Options or the Plan have been modified as a result of this Amendment, and those terms
and provisions continue in full force and effect.

5. Binding Effect. Except as otherwise provided in this Amendment, the Option Agreement (to
the extent not expressly amended hereby) or the Plan, every covenant, term and provision of this
Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective
heirs, legatees, legal representatives, successors, transferees and assigns.

6. Modifications. This Amendment, the Option Agreement or the Plan may be modified or amended
at any time by the Committee pursuant to Section 4 of the Plan (the “Committee”), provided that
your consent must be obtained for any modification that adversely alters or impairs any rights or
obligations under this Amendment, unless there is an express Plan provision permitting the
Committee to act unilaterally to make the modification.

7. Headings. Section and other headings contained in this Amendment are for reference
purposes only and are not intended to describe, interpret, define or limit the scope or intent of
this Amendment or any provision hereof.

8. Severability. Every provision of this Amendment, the Option Agreement (to the extent not
expressly amended hereby) or the Plan is intended to be severable. If any term hereof is illegal
or invalid for any reason, such illegality or invalidity shall not affect the validity or legality
of the remaining terms of this Amendment.

9. Governing Law. This Amendment shall be interpreted, administered and otherwise subject to
the laws of the State of Delaware (disregarding choice-of-law provisions).

10. Counterparts. This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same instrument.

To acknowledge and agree to the amendments described above, please execute and date this
Amendment where indicated on the attached signature page and return it to me by February 18, 2008,
which is the date this Amendment will become effective, at:

Brad S. Kalter

c/o Exide Technologies

13000 Deerfield Parkway

Building 200

Alpharetta, Georgia 30004

If you choose not to agree to amend your Eligible Options, you may be subject to the adverse
tax consequences of section 409A with respect to your Eligible Options. You will have sole
responsibility for any taxes, penalties or interest you may incur under Section 409A (and similar
state tax laws), and the Company will not reimburse you for any such taxes, penalties or interest.
No part of this Amendment should be relied upon as tax advice. The Company recommends that you
consult with your personal tax, financial and legal advisors to determine the tax and other
consequences of accepting or declining this Amendment.

Descriptions of the potential adverse tax consequences of Section 409A set forth herein are
for information purposes only and are not tax, financial or legal advice. Such information does
not constitute an opinion and is not intended or written to be used, and cannot be used, by any
taxpayer for the purpose of avoiding taxes, penalties or interest that may be imposed on the
taxpayer. You should not act upon this information without consulting with your personal tax,
financial and legal advisors.

[Signature page follows]

1

BY YOUR SIGNATURE BELOW, along with the signature of the Company’s authorized
representative, you and the Company agree that the Eligible Options listed above are amended and
will continue to be governed by the terms and conditions of this Amendment, the Option Agreement
(to the extent not expressly amended hereby) and the Plan.

EXIDE TECHNOLOGIES

	 	 	By:      /s/ Barbara A. Hatcher     

Name: Barbara A. Hatcher

Title: Executive Vice President & General Counsel

Address:13000 Deerfield Parkway

Building 200

Alpharetta, Georgia 30004

The undersigned hereby accepts this Amendment of the Option Agreement(s) relating to the
Eligible Options referenced above to increase the Original Exercise Price of such Eligible Options
to the Adjusted Exercise Price as set forth in this Amendment and the other terms of the Option
Agreement (to the extent not expressly amended hereby) and the Plan.

By:      /s/ Francis M. Corby, Jr.     

Name: Francis M. Corby, Jr.

Address:

2

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