Document:

EX-10.2

Board of Directors of Exide Technologies

13000 Deerfield Parkway

Building 200

Milton, Georgia 30004

July 26, 2010

	 
	Mr. Gordon A. Ulsh

Chief Executive Officer

Exide Technologies

13000 Deerfield Parkway

Building 200

Milton, Georgia 30004

Re: Side Letter to Amended and Restated Employment Agreement

Dear Mr. Ulsh:

This letter agreement (this “Letter Agreement”) is executed and delivered as an amendment to
the Amended and Restated Employment Agreement (as subsequently modified, supplemented or amended
from time to time, the “Employment Agreement”), dated as of January 31, 2008, by and between you,
Gordon A. Ulsh, (the “Executive”) and Exide Technologies, a Delaware corporation (the “Company”).
Except as otherwise defined herein, capitalized terms used in this Letter Agreement have the
meanings assigned to them in the Employment Agreement.

The undersigned hereby acknowledge and agree as follows:

1. Additional Payment. To the extent that there is an increase in the highest
aggregate federal and state marginal tax rate for an individual residing in the state of Georgia
with respect to income recognized in 2011 as compared to 2010 (such increase in tax rate referred
to herein as the “Increase in Tax Rate”), and Executive, pursuant to Sections 5(f)(v) and 5(f)(vi)
of the Employment Agreement, recognizes taxable income in 2011 as a result of his receipt of
certain share certificates six months after Executive’s separation from service (the “Deferred
Share Certificates”), then the Company shall pay to the Executive an additional amount (the
“Additional Amount”). The Additional Amount shall be calculated such that, after Executive’s
payment of all taxes incurred by Executive as result of Executive’s receipt of the Additional
Amount, Executive retains an amount equal to the Increase in Tax Rate multiplied by the taxable
income recognized by Executive in 2011 as a result of his receipt of the Deferred Share
Certificates; provided that such taxable income shall be based on the closing price of the
Company’s common stock on The NASDAQ Global Market on December 31, 2011 if such closing price on
January 26, 2011 is higher than the closing price on December 31, 2010. The Additional Payment, if
any, shall be paid by the company to the Executive on the later of April 15, 2012 or any other date
in 2012 on which the Executive files his federal and state tax returns for the calendar year ended
December 31, 2011.

2 Withholding. All payments hereunder shall be subject to any required withholding of
federal, state and local taxes pursuant to any applicable law or regulation.

3. Notice. For the purposes of this Letter Agreement, notices, demands and all other
communications provided for in this Letter Agreement shall be in writing and shall be deemed to
have been duly given when delivered in accordance with Section 12 of the Employment Agreement.

4. Successors; Binding Letter Agreement. The rights and benefits of Executive
hereunder shall not be assignable, whether by voluntary or involuntary assignment or transfer by
Executive. This Letter Agreement shall be binding upon, and inure to the benefit of, the
successors and assigns of the Company, and the heirs, executors and administrators of Executive,
and shall be assignable by the Company to any entity acquiring substantially all of the assets of
the Company, whether by merger, consolidation, sale of assets or similar transactions.

5. Amendment. No provisions of this Letter Agreement may be amended, modified, or
waived unless such amendment, modification, or waiver is agreed to in writing signed by Executive
and by a duly authorized officer of the Company, and such waiver is set forth in writing and signed
by the party to be charged. No waiver by either party hereto at any time of any breach by the
other party hereto of any condition or provision of this Letter Agreement to be performed by such
other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same
or at any prior or subsequent time.

6. Governing Law. This Letter Agreement is governed by, and is to be construed and
enforced in accordance with, the laws of Delaware without regard to principles of conflicts of
laws. If, under such law, any portion of this Letter Agreement is at any time deemed to be in
conflict with any applicable statute, rule, regulation or ordinance, such portion shall be deemed
to be modified or altered to conform thereto or, if that is not possible, to be omitted from this
Letter Agreement, and the invalidity of any such portion shall not affect the force, effect and
validity of the remaining portion hereof.

7. Counterparts. This Letter Agreement may be executed in two or more-counterparts,
each of which shall be deemed to be an original but all of which together will constitute one and
the same instrument.

8. Effect on Employment Agreement. Except as otherwise expressly set forth herein,
this Letter Agreement shall not, by implication or otherwise, alter, modify, amend or in any way
affect any of the terms, conditions, obligations or agreements contained in the Employment
Agreement and the Employment Agreement shall remain in full force and effect in accordance with its
terms.

9. Section Headings. The section headings in this Letter Agreement are for
convenience of reference only, and they form no part of this Letter Agreement and shall not affect
its interpretation.

Please confirm your undersigning of, and legally binding agreement with, the foregoing by
signing and returning a copy of this Letter Agreement to the undersigned at the address set forth
above.

Sincerely,

     

John P. Reilly,

Chairman of the Board of Directors

ACCEPTED AND AGREED

     

Gordon A. Ulsh

Dated:bankacceptance.htm

Exhibit 10.5

Shanghai Pudong Development Bank

 

Bank Acceptance Draft Agreement

 

To: Gaoxin, Hefei Branch of Shanghai Pudong Development Bank

No.: CD58062009880004

Client Name: Anhui Wonder Computer School

Client Tel: 5368509  3687853

Application Date: July 6, 2009

Contac Name: Yuan Yuhua

Article 1    Paramount Clause

 

The agreement is signed as the independent credit instrument between Applicant and the Bank.

Article 2    Bank acceptance draft factors:

 

Depositor: Anhui Wonder Computer School

Depositor account No.: 58060154900000062

Paying Bank: Hefei Branch of Shanghai Pudong Development Bank

Draft amount: RMB10million

Draft is transferable.

Date of draft: July 7, 2009

Invoice is provided afterwards.

Commission charge: five ten-thousandths.

Payee: Anhui Senhai Yuanlinjingguan Jianshe Co.Ltd.

Payee account No.: 1022001221000120602

Payee bank name: Jingkai branch of Huishang Bank

Draft expiry day: January 6, 2010

Business contract: Agreement No. 2008011012

Forfeit interest rate: 6.318%

  

  

  

Article 3  Guarantee

 

Guarantor: Wang Xiaojiang

Guarantee mode: pledge

Article 4  General conditions

 

	
1.

	
After the signing of the agreement, the Bank can repeal the draft commitment at any time, except for those drafts that have been opened.

 

	
2.

	
Documents submission

Client should submit list of necessary materials to the Bank before the opening of the draft, and the Bank has no obligation to verify the authenticity of the materials.

 

	
3.

	
Deposit

Client should deposit enough money in the Bank, and then the Bank has the ownership of the money. In payment occasions caused by this agreement, the Bank can directly transfer the deposit and its interests

 

	
4.

	
Financing gap

The Bank can ask the client to complement the deposit to 100% of the draft at any time, no matter if draft is due or the Bank is asked to pay the money under the draft.

 

	
5.  

	
Taxes

The client should make full payment to the Bank under this agreement, except that the client is asked to deduct the relevant taxes during the payment. After the tax deduction, the client should pay the additional money to the Bank.

 

	
6.

	
Representation and Warranty

1) The client, a registered company according to China mainland law, has the right to sign this agreement and other relevant documents and has taken any necessary corporate action to make this agreement and other documents legal and effective.

2) The signing of this agreement and the following obligation do not and will not act against any documents of the client, including signed agreements, articles of the corporation, law and regulations, and any other obligations or arrangements.

3) The client and any shareholder are not involved in any liquidation, bankruptcy,reconstruction, merger, dissolution and any other such legal proceedings.

 

 

 

 

  

  

  

	
 

	

4) The client is not involved in any economic, civil, criminal or political judicial proceeding.

5) The client’s legal representative, chairman and other senior executives are not involved in any close down, detention, freeze and other such measures.

6) The financial statements provided by the client should be the fair and complete reflection of its financial conditions and conform to the relevant laws and regulations. All the documents provided by clients should be valid, truthful and complete.

7) Business operation of the client should satisfy the requirements of the relevant law.

8) Client promise that no other cases will happen which will have bad effect on client’s contractual capacity.

 

	
7.

	

Client’s commitment

1) Client should fulfill all the obligations under this agreement.

2) Client should repay the financing loan and interest in time in accordance with the agreement.

3) Client should inform the Bank in five days after any involvement in any economic, civil, criminal or political judicial proceeding. Client should inform the Bank in five days after any concern with liquidation, bankruptcy, reconstruction, merger, dissolution and the other such legal proceedings

4) Without Bank’s written consent, Client can not repay the third party’s large amount debt or fulfill guarantee responsibility.

5) Without Bank’s written consent, Client can not make any new large amount debt.

6) Client should provide new guarantee for Bank’s recognition in time, if the guarantee encounter some special changes, which has bad effect on his guarantee obligation.

7) With Bank’s requirement, Client should do enforceable notarization through a notary agency specified by Bank. Client shall bear the cost of notarization and accept the enforcement.

8) Client should inform Bank in time if some events happen which have bad effect on its fulfillment of this agreement and the relevant documents.

 

  

 

  

  

  

 

	
8.

	

Fee and expenses

Client should be responsible for all fees of this agreement and other relevant documents, except those taxes which should be paid by Bank in accordance with the law.

 

  

	
9.

	

Default interest

Bank will collect default interest on the basis of the debt and interest, from the loan due day to the actual repayment day, if client does not repay the loan on time.

 

	
10.

	

  

Offset authorization

Client authorizes the Bank to transfer client’s money in any accounts of the Bank to offset the loan if client does not repay the mature debts.

 

	
11.

	

Debt evidence

Bank will keep all the accounts and vouchers relevant to this agreement.

 

	
12.

	
Default and breach

If client violate any statement or promise in the agreement, Bank has the right to ask client to repay the loan or complement deposit, and ask client to compensate for Bank’s loss, including legal fees.

 

	
13.

	

Corporate customer

If client is corporate customer, client should agree:

 

	
  

	
1) Client should report to Bank the affiliated transaction of fiduciary, which is more than 10% of its net asset.

 

	
  

	
2) Bank has the right to ask client to complement 100% of the deposit if the following things happen on the actual fiduciary, including providing false financial materials, loaning appropriation, claim forging, refusal the supervision of Bank to its use of loan money and business operation, significant merger and claim evasion.

 

	
14.

	

Other clause

None

 

	
15.

	

Governing Law

This agreement is governed by China mainland law and its explanation. The People's Court located in the site of the Bank has exclusive jurisdiction about any dispute relating to the agreement.

  

 

  

  

  

	
16.

	

Address for lawsuit service

Client has confirmed the address on the beginning of the agreement is right for any summon or notification of the lawsuit relating to the agreement.

 

	
17.

	

Severability

Any valid, illegal and unenforceable clause in this agreement will not affect the rest clauses.

 

	
18.

	
Within the validity of the agreement, Bank can take moratorium measure when client violates the agreement, but the measure can not affect or limit Bank’s right and interest as creditor.

 

	
19.

	

If Credit Agreement exists, this agreement will govern in case of inconsistency between them.

 

	
20.

	
This agreement shall be served in four copies, with client and Bank holding two, each with the same legal effect after the signing and sealing.

 

Client: (signature and seal)

Bank: (signature and seal)

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