Document:

<PAGE>
EXHIBIT 10.82

                               KANAKARIS WIRELESS
                              3303 HARBOR BOULEVARD
                                    SUITE F-3
                          COSTA MESA, CALIFORNIA 92626
                                 (714) 444-0530

                                                              January 9, 2002

Bank Insinger de Beaufort Safe Custody NV
Bristol Investment Fund, Ltd.
Bristol Capital, LLC
Paul Kessler
c/o Bristol Capital, LLC
6363 Sunset Boulevard
Fifth Floor
Hollywood, California  90023

                  Re:      KANAKARIS WIRELESS (THE "COMPANY") -
                           AMENDMENT OF DEBENTURES AND WARRANTS
                           ------------------------------------

Ladies and Gentlemen:

         This letter will set forth the agreement of the parties hereto to (i)
amend the conversion price of a certain 10% Convertible Debenture due May 1,
2002 which was issued by the Company to Bank Insinger de Beaufort Safe Custody
NV ("Bank Insinger") in April 2000 (the "Debenture") and (ii) amend the exercise
price and extend the exercise period of certain warrants to purchase shares of
the Company's Common Stock, par value $0.001 per share, which were issued by the
Company to each of Bank Insinger, Bristol Investment Fund, Ltd. and Bristol
Capital, LLC as set forth on SCHEDULE A attached hereto (collectively, the
"Warrants"); and (iii) amend the exercise price and extend the exercise period
of 500,000 shares issuable upon exercise of the option ("Option") granted by the
Company to Paul Kessler as set forth on SCHEDULE A attached hereto.

         By execution hereof, the parties agree as follows:

         1. AMENDMENT OF CONVERSION PRICE. The Conversion Price of the Debenture
shall be amended to be the lesser of (i) the Variable Conversion Price (as
defined herein) and (ii) the Fixed Conversion Price (as defined herein)
(subject, in each case, to equitable adjustments for stock splits, stock
dividends or rights offerings by the Borrower relating to the Borrower's
securities or the securities of any subsidiary of the Borrower, combinations,
recapitalization, reclassifications, extraordinary distributions and similar
events). The "Variable Conversion Price" shall mean the Applicable Percentage
(as defined herein) multiplied by the Market Price (as defined herein). "Market
Price" means the average of the lowest three (3) Trading Prices (as defined
below) for the Common Stock during the twenty (20) Trading Day period ending one
Trading Day prior to the date the Conversion Notice is sent by the Holder to the
Borrower via facsimile (the "Conversion Date"). "Trading Price" means, for any

<PAGE>

security as of any date, the intraday trading price on the Over-the-Counter
Bulletin Board (the "OTCBB") as reported by a reliable reporting service
mutually acceptable to and hereafter designated by Holders of a majority in
interest of the Debentures and the Borrower or, if the OTCBB is not the
principal trading market for such security, the intraday trading price of such
security on the principal securities exchange or trading market where such
security is listed or traded or, if no intraday trading price of such security
is available in any of the foregoing manners, the average of the intraday
trading prices of any market makers for such security that are listed in the
"pink sheets" by the National Quotation Bureau, Inc. If the Trading Price cannot
be calculated for such security on such date in the manner provided above, the
Trading Price shall be the fair market value as mutually determined by the
Borrower and the holders of a majority in interest of the Debentures being
converted for which the calculation of the Trading Price is required in order to
determine the Conversion Price of such Debentures. "Trading Day" shall mean any
day on which the Common Stock is traded for any period on the OTCBB, or on the
principal securities exchange or other securities market on which the Common
Stock is then being traded. "Applicable Percentage" shall mean 50.0%. The "Fixed
Conversion Price" shall mean $.055.

         2. AMENDMENT OF EXERCISE PRICE OF WARRANTS. The exercise price of the
Warrants is hereby amended to equal the three (3) lowest Trading Prices during
the twenty (20) Trading Days prior to exercise, discounted by 50%.

         3. EXTENSION OF EXERCISE PERIOD OF WARRANTS. The Warrants are hereby
amended to be exercisable at any time prior to the seventh (7th) anniversary of
the date of the original issuance of such Warrant.

         4. AMENDMENT OF EXERCISE PRICE OF OPTION. The exercise price of the
Option is hereby amended to equal the three (3) lowest Trading Prices during the
twenty (20) Trading Days prior to exercise, discounted by 50%.

         5. EXTENSION OF EXERCISE PERIOD OF OPTION. The Option is hereby amended
to be exercisable at any time prior to the seventh (7th) anniversary of the date
of the original issuance of the Option.

         6. REGISTRATION RIGHTS. The Common Stock of the Company held by each of
the undersigned shall be entitled to registration rights as set forth in that
certain Registration Rights Agreement by and between the Company and Bank
Insinger of even date herewith.

                                       2
<PAGE>

         7. ANTI-DILUTION. Neither the issuance to Bank Insinger of the 12%
convertible debentures of the Company, the warrants to purchase shares of common
stock of the Company and/or the shares of common stock underlying such
debentures and warrants, pursuant to the terms of that certain Securities
Purchase Agreement dated of even date herewith, nor the amendments to the
Debenture, Warrants and Option contained in this letter agreement, shall be
considered dilutive issuances under the Debenture, Warrants or Option or under
any and all other debentures, warrants or options issued by the Company to Bank
Insinger, Bristol Investment Fund, Ltd., Bristol Capital, LLC or Paul Kessler
prior to the date of this letter agreement, and neither shall trigger any
adjustment in the exercise or conversion price of and number of shares
underlying any such debenture, warrant or option other than the adjustments
specifically described in paragraphs 1, 2 and 4 above.

         8. The Company agrees to take any and all action reasonably requested
by the undersigned to effect the purposes of this letter, including without
limitation execution of revised convertible debentures, warrants or options
consistent with the amendments agreed to in this letter.

                  Please signify your agreement with the foregoing by signing
this letter where indicated and returning it to the undersigned.

                            [Signature Page Follows]

                                       3
<PAGE>

                                            Sincerely,

                                            KANAKARIS WIRELESS

                                            /S/ ALEX F. KANAKARIS
                                            ------------------------------------
                                            Alex F. Kanakaris
                                            Chairman and Chief Executive Officer
ACCEPTED AND AGREED:

BANK INSINGER DE BEAUFORT
      SAFE CUSTODY NV

By: /S/ ROB MOOIJ
    ----------------------------------------
     Rob Mooij
     Director

BRISTOL INVESTMENT FUND, LTD.

By: /S/ PAUL KESSLER
    ----------------------------------------
     Paul Kessler
     Director

BRISTOL CAPITAL, LLC

By: /S/ PAUL KESSLER
    ----------------------------------------
     Paul Kessler
     Manager

/S/ PAUL KESSLER
--------------------------------------------
Paul Kessler

                                       4
<PAGE>

                                  SCHEDULE A
                                  ----------

---------------------------------------- --------------------------------------
                HOLDER                                ISSUE DATE
---------------------------------------- --------------------------------------
Bank Insinger de Beaufort                               2/4/00
Safe Custody NV                                         4/13/00
NV                                                      5/2/01

---------------------------------------- --------------------------------------
Bristol Investment Fund, Ltd.                           1/5/01

---------------------------------------- --------------------------------------
Bristol Capital, LLC                                    4/13/00

---------------------------------------- --------------------------------------
Paul Kessler                                            9/26/00

---------------------------------------- --------------------------------------<PAGE>

                                                                     Exhibit 4.1

                                                                  EXECUTION COPY

                THIRD AMENDMENT AND WAIVER TO THE LOAN DOCUMENTS

          THIRD AMENDMENT AND WAIVER TO THE LOAN DOCUMENTS, dated as of December
28, 2001 (this "Amendment"), to the Amended and Restated Credit and Guarantee
                ---------
Agreement and other Loan Documents where applicable, dated as of September 29,
2000 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among Exide Technologies, a Delaware corporation (the
-----------------
"Company"), the Borrowing Subsidiaries signatories thereto, the Guarantors
--------
signatories thereto, the several lenders from time to time parties thereto (the
"Lenders"), Credit Suisse First Boston, as sole book manager (in such capacity,
 -------
the "Book Manager"), Credit Suisse First Boston, as administrative agent (in
     ------------
such capacity, the "Administrative Agent") for the Lenders, and others.
                    --------------------

                             PRELIMINARY STATEMENTS

          (1) Pursuant to the Credit Agreement, the Lenders have agreed to make,
and have made, certain loans and other extensions of credit to the Borrowers.

          (2) The Credit Agreement has been amended by (i) an Amendment dated as
of June 20, 2001 (the "First Amendment"), and (ii) a Second Amendment dated as
                       ---------------
of October 31, 2001 (the "Second Amendment") (the First Amendment, Second
                          ----------------
Amendment, this Amendment and any future amendments as supplemented hereto shall
hereinafter be collectively referred to as the "Amendment Documents").
                                                -------------------

          (3)  The Borrowers will be unable to comply with the covenants
contained in Section 8.1 of the Credit Agreement for FQ3 2002 and FQ4 2002, and
have requested that the Required Lenders temporarily waive compliance with such
covenants and waive any Defaults or Events of Default as a result of the breach
of such covenants through and until April 12, 2002.

          (4) The Lenders are willing to consent to such waivers upon and
subject to the terms and conditions hereinafter set forth, notwithstanding any
of the provisions contained in the Credit Agreement and the Loan Documents, as
amended, supplemented or otherwise modified heretofore.

          NOW, THEREFORE, the parties hereto hereby agree as follows:

          Section 1. Defined Terms . Terms defined in the Credit Agreement and
                     -------------
used herein shall have the meanings given to them in the Credit Agreement.

          Section 2. Amendments to Credit Agreement.  On the Effective Date (as
                     ------------------------------
hereinafter defined) the Credit Agreement shall be amended as follows:

          (a) Amendments to Section 1.1.  Section 1.1 of the Credit Agreement
              -------------------------
shall be amended as follows:

                          Third Amendment and Waiver
<PAGE>

                                       2

               (i) The following defined terms, together with the related
     definitions, shall be added to Section 1.1 of the Credit Agreement in the
     appropriate alphabetical position:

               "Amendment Documents": the First Amendment, Second Amendment,
                -------------------
          Third Amendment and any future amendments to the Credit Agreement.

               "Business Plan": a business plan for the five-year period
                -------------
          commencing April 1, 2002, in form and format reasonably acceptable to
          the Administrative Agent, including income statements, balance sheets,
          cash  flow statements and the underlying assumptions (i) by global
          business unit and (ii) by geographic region (including separate
          statements for North America, Europe, Australasia and worldwide) and
          (iii) prepared monthly for the first year, quarterly for the second
          year and annually thereafter.

               "Domestic Collateral": the Collateral now owned or hereafter
                -------------------
          acquired by any Subsidiary of the Company organized under the laws of
          any jurisdiction within the United States of America.

               "Domestic Subsidiary Collateral Agreement": the Collateral
                ----------------------------------------
          Agreement to be executed and delivered by the Domestic Subsidiaries of
          the Company other than Dixie Metals Co., Refined Metals Corp., Exide
          U.S. Funding Corporation and Exide Illinois, Inc. substantially in the
          form of Exhibit B, as amended, supplemented or otherwise modified from
          time to time.

               "Domestic Subsidiary Guarantor": each Domestic Subsidiary which
                -----------------------------
          has guaranteed all or any portion of the Domestic Obligations and the
          Foreign Obligations.

               "DM Notes Limitation Amount": the sum of (a) 20% of
                --------------------------
          "Consolidated Net Tangible Assets" as defined in the DM Note Indenture
          on the date hereof, less other obligations, liabilities and
          "Attributable Indebtedness" as defined in the DM Note Indenture that
          are outstanding on the date such liens and security interests are
          granted and that would not be permitted to be incurred on such date
          under Section 7(g) of the DM Note Indenture except pursuant to the
          first clause of Section 7(g) thereof; (b) the U.S. dollar equivalent
          of FF115 million, less obligations outstanding on the date such liens
          and security interests are granted that would not be permitted to be
          incurred on such date under Section 7(g) of the DM Note Indenture
          except pursuant to the reference to FF115 million in Section 7(g)(i)
          thereof and (c) the U.S. dollar equivalent of FF460 million incurred
          under a revolving credit facility less obligations outstanding on the
          date such liens and security interests are granted that would not be
          permitted to be incurred on such date under Section 7(g) of the DM
          Note Indenture except pursuant to Section 7(g)(viii) thereof.

               "Effective Date of the Third Amendment": the "Effective Date" as
                -------------------------------------
          defined in the Third Amendment.
<PAGE>

                                       3

               "First Amendment": the First Amendment dated as of June 20, 2001,
                ---------------
          to the Credit Agreement.

               "Foreign Collateral": any Collateral that is not Domestic
                ------------------
          Collateral.

               "New European Security Documents":  means the security documents
                -------------------------------
          granted by the European Subsidiaries of the Company pursuant to
          Section 7.12 of the Credit Agreement and Schedules V and VI of the
          Third Amendment.

               "Steering Committee": the group of several Lenders and their
                ------------------
          representatives established for the purpose of acting in the interest
          and on behalf of all Lenders.

               "Third Amendment": the Third Amendment dated as of December 28,
                ---------------
          2001, to the Credit Agreement.

               "Wholly Owned Subsidiary Guarantor": any Subsidiary Guarantor
                ---------------------------------
          that is a Wholly Owned Subsidiary of the Company.

               (ii)  The definition of "Foreign Subsidiary Guarantor" is amended
          in its entirety to read as follows:

                     "'Foreign Subsidiary Guarantor': each Foreign Subsidiary
                       ----------------------------
               which has guaranteed all or any portion of the Foreign
               Obligations.";

               (iii) The definition of "Applicable Margin" is amended in its
          entirety to read as follows:

                     "'Applicable Margin': (a) with respect to Tranche B Term
                       -----------------
               Loans (unless, in each case, a higher percentage is set forth in
               the Tranche B Term Loan Supplement), (i) 5.25% for such Loans
               which are Eurocurrency Loans and (ii) 4.25% for such Loans which
               are Base Rate Loans, and (b) with respect to Loans under each
               Facility other than the Tranche B Term Loan Facility, the rate
               per annum determined pursuant to the pricing grid plus 0.75%.";

               (iv)  The definition of "Interest Period" is amended by deleting
          clauses (a) and (b) and adding new clauses (a) and (b) to the first
          full paragraph, immediately after the word "Loan," and immediately
          before paragraph (i), to read as follows:

                     "(a) initially, the period commencing on the borrowing or
               conversion date, as the case may be, with respect to such
               Eurocurrency Loan and ending one month or one week thereafter, as
               the case may be, as indicated by the Borrower in its notice of
               borrowing or notice of conversion, as the case may be, given with
               respect thereto; and (b) thereafter, each period commencing on
               the last day of the next preceding Interest Period applicable to
               such Eurocurrency Loan and ending one
<PAGE>

                                       4

               month or one week thereafter, as the case may be, as indicated by
               the Borrower by irrevocable notice to the Administrative Agent
               not less than three Business Days prior to the last day of the
               then current Interest Period with respect thereto; provided that,
                                                                  --------
               all of the foregoing provisions relating to Interest Periods are
               subject to the following:";

               (v)    The definition of "Interest Payment Date" is amended in
          its entirety by adding a new definition to read as follows:

                      "'Interest Payment Date': (a) as to any Base Rate Loan
                        ---------------------
               through and until March 31, 2002, the third Business Day of each
               month for the period ending on (and including) the last day of
               the immediately preceding month, and the final maturity date of
               such Loan, and after March 31, 2002, upon request of the
               Administrative Agent, the first Business Day of each week, (b) as
               to any Eurocurrency Loan, the last day of such Interest Period,
               (c) as to any Foreign Alternate Rate Loan, the date or dates
               determined in good faith by the Administrative Agent (and
               notified to the Company) as being customary in the relevant
               jurisdiction for the payment of interest on borrowings utilizing
               such interest rate basis, and (d) as to any Loan (other than any
               Revolving Credit Loan that is a Base Rate Loan and any Swing Line
               Loan), the date of any repayment or prepayment made in respect
               thereof.";

               (vi)   The definition of "Reinvestment Notice" is amended by (i)
          deleting the semicolon immediately before the proviso and replacing it
          with a period and (ii) deleting the proviso in its entirety.

               (vii)  The definition of "ECF Percentage" is amended in its
          entirety by adding a new definition to read as follows:

                      "'ECF Percentage': 100%.";
                        --------------

               (viii) The definition of "Subsidiary Guarantor" or "Subsidiary
          Guarantors" is amended in its entirety by adding a new definition to
          read as follows:

                      "'Subsidiary Guarantor' or 'Subsidiary Guarantors': the
                        --------------------      ---------------------
               individual or collective reference to the Domestic Subsidiary
               Guarantors and the Foreign Subsidiary Guarantors.";

               (ix)   The definition of "DM Agreement" is amended by inserting
          immediately after the words "DM Agreement" and immediately before the
                                       ------------
          colon, the words "or 'DM Note Indenture'";
                                ------------------

               (x)    The definition of "Loan Documents" is amended by inserting
          immediately after the word "Documents" and immediately before the word
          "and" a comma and the expression "the Amendment Documents" immediately
          after such comma;
<PAGE>

                                       5

               (xi) The Credit Agreement is amended by adding immediately after
          the defined term "Collateral Agreement" wherever it appears in the
          Credit Agreement the parenthetical "(including the Domestic Subsidiary
          Collateral Agreement)".

          (b)  Amendments to Section 2.  Section 2 of the Credit Agreement shall
               -----------------------
be amended as follows:

               (i)  Section 2.4 shall be amended by deleting the period at the
          end of paragraph (iii) and replacing it with the word "; and" and
          adding a new Section 2.4(a)(iv) to read as follows:

                    "(iv)  through and until March 31, 2002, no Borrower shall
               request and no Revolving Credit Lender shall  have any obligation
               to make any Eurocurrency Loan with an Interest Period longer than
               one month or with an Interest Period longer than one week if such
               Interest Period would expire after March 31, 2002, and
               thereafter, (x) no Borrower shall request and no Revolving Credit
               Lender shall have any obligation to make any Eurocurrency Loan
               with an Interest Period longer than one week, and (y) the
               Administrative Agent shall have the right upon notice to the
               Company to terminate the Borrowers' permission to obtain
               Eurocurrency Loans.";

               (ii) Section 2.5 shall be amended by replacing the existing
          clause (iv) to read as follows:

                    "(iv) in the case of Eurocurrency Loans, the respective
               amounts of each such Type of Loan for the Interest Period
               therefor, subject to the limitations on Eurocurrency Loans
               pursuant to Section 2.4(a)(iv).".

          (c)  Amendments to Section 3.  Section 3 of the Credit Agreement shall
               -----------------------
be amended as follows:

               (i)  Section 3.2 shall be amended by adding a new Section 3.2(g)
          after Section 3.2(f) to read as follows:

                    "(g) The Borrowers agree to pay to the Administrative Agent
               (i) for the account of such Lender who executes and delivers the
               Third Amendment and Waiver to the Loan Documents by December 21,
               2001 (provided, that, the Administrative Agent may, in its
                     --------  ----
               discretion, extend this deadline until December 27, 2001 for the
               benefit of any Lender which is unable to deliver a signature page
               by December 21, 2001 but which has indicated in writing or
               electronic mail to the Administrative Agent by December 21, 2001
               that it has recommended approval of the Amendment) an amendment
               fee (the "Amendment Fee") of 0.25% of the Aggregate Exposure of
                         -------------
               each such Lender according to the following schedule: (A) 0.15%
               of the Aggregate Exposure as of the Effective Date of the Third
               Amendment of each Lender payable on the Effective Date of the
               Third Amendment, and (B) 0.10% of the Aggregate Exposure as of
               the Effective
<PAGE>

                                       6

               Date of the Third Amendment of such Lender payable on January 31,
               2002, (ii) the Administrative Agent's fee in the amount of
               $300,000, payable on the Effective Date of the Third Amendment
               (the "Administrative Agent's Fee"), and (iii) the collateral
                     --------------------------
               monitoring fee in the amount of $200,000 payable on January 31,
               2002 (the "Collateral Monitoring Fee").";
                          -------------------------

               (ii)  Section 3.5(b) shall be amended by (A) deleting the
          parenthetical after the word "thereof" in its entirety, and (B)
          deleting the existing clause (i) and adding a new clause (i) to read
          as follows:

                     "(i) the aggregate Net Cash Proceeds of Asset Sales and
               Recovery Events that may be subject to the exclusion from the
               foregoing requirement pursuant to a Reinvestment Notice shall not
               exceed (A) $5,000,000 at any one time or (B) $5,000,000 in the
               aggregate with respect to all Asset Sales and Recovery Events
               occurring in any fiscal year, provided, further, that upon
                                             --------  -------
               request from the Company, the Administrative Agent, in
               consultation with the Steering Committee, may agree to increase
               the amount subject to such exclusion to $10,000,000 at any one
               time or in the aggregate with respect to all Asset Sales and
               Recovery Events occurring in any fiscal year, and";

               (iii) Section 3.6(b) shall be amended by:

                     (A)  deleting the existing clause (ii) beginning with the
          word "after" and ending with the word "Facility", and inserting in its
          place immediately after the clause heading "(ii)" and immediately
          before the words "and provided, further," "after the Administrative
                                --------  -------
          Agent notifies the Company that Eurocurrency Loans are no longer
          permitted pursuant to Section 2.4(a)(iv) of the Credit Agreement";

                     (B)  deleting the word "month's" immediately before the
          word "duration" and adding in its place the word "week's" near the end
          of clause (ii).

               (iv)  Section 3.14 shall be amended by (A) deleting the word "or"
          immediately before clause (c) and adding in its place a comma, (B)
          adding immediately after the word "thereto" at the end of clause (c) a
          comma, and (C) adding a new clause (d) immediately after such comma to
          read as follows:

                     "or (d) other than at the end of the applicable Interest
               Period, the conversion of a Eurocurrency Loan to a Base Rate Loan
               or a Foreign Alternate Base Rate Loan.";

               (v)  Section 3 shall be amended by adding a new Section 3.21 to
          read as follows:

                    "3.21.  Quantification of Debt for Spanish Court
                            ----------------------------------------
               Proceedings.  For the purposes of any proceedings before the
               Spanish courts under the Loan
<PAGE>

                                       7

               Documents or the Collateral Agreement, the Loan Parties expressly
               agree that a statement as to any amount due and payable to any
               Lender from time to time under this Agreement and/or the other
               Loan Documents or Collateral Agreement which is certified as
               being correct by the Administrative Agent shall, unless otherwise
               stated in this Agreement, be evidence of the amount so due and
               that such amount is in fact due and payable. The Loan Parties,
               the Lenders and the Agents agree upon the request of the
               Administrative Agent to execute any further documentation
               required under Spanish law to evidence that the calculation of
               the amounts which are due has been carried out in accordance with
               the terms of this Agreement.

               The Loan Parties shall, upon the request of Administrative Agent
               and the Subsidiaries, take all such steps and comply with all
               such formalities as may reasonably be required to perfect or to
               more fully evidence or assure the effectiveness of the Security
               Documents and the rights of the Agents and the Lenders from time
               to time thereunder.".

          (d)  Amendments to Section 7.  Section 7 of the Credit Agreement shall
               -----------------------
be amended as follows:

               (i)   Section 7.6 shall be amended by (i) deleting the word "and"
          immediately before clause (b) and adding a comma, and (ii) deleting
          the period after the word "quarterly" at the end of such clause (b)
          and adding a new clause (c) to read as follows:

                     "and (c) in addition to the visits, inspections,
               examinations and discussions permitted pursuant to clause (b),
               permit the Administrative Agent or any of its representatives to
               visit any of its properties for such inspections, examinations
               and discussions of the type described in clause (b) on three
               other occasions in each calendar year commencing January 1,
               2002.";

               (ii)  Section 7.7(c) shall be amended by (A) deleting the word
          "or" immediately before clause (ii) and replacing it with a comma, and
          (B) adding a new clause (iii) to Section 7.7(c) immediately after the
          word "sought" and immediately before the semicolon to read as follows:

                     "or (iii) in which an amount in excess of $2,500,000 is
               claimed in damages";

               (iii) Section 7.10(c)(ii) shall be amended in its entirety by
          deleting the existing Section 7.10(c)(ii) and adding a new Section
          7.10(c)(ii) to read as follows:

                     "(ii)  in the case of any Domestic Subsidiary, cause such
               Subsidiary (A) to become a party to the Domestic Subsidiary
               Collateral Agreement and to execute a Domestic Obligations
               Guarantor Joinder
<PAGE>

                                       8

               Agreement and a Foreign Obligations Guarantor Joinder Agreement
               and (B) to take such actions necessary or advisable to grant to
               the Administrative Agent for the benefit of the Lenders a
               perfected first priority security interest (subject to customary
               permitted liens and to restrictions imposed by local law or
               Contractual Obligations of the Company or any of its
               Subsidiaries) in the Collateral described in the Domestic
               Subsidiary Collateral Agreement, with respect to such new
               Subsidiary, including, without limitation, the filing of Uniform
               Commercial Code financing statements in such jurisdictions as may
               be required by the Domestic Subsidiary Collateral Agreement or by
               law or as may be requested by the Administrative Agent;";

               (iv) A new Section 7.12 shall be added to read as follows:

                    "7.12.  Foreign Collateral and Guarantees.  (a) Cause to be
                            ---------------------------------
               granted to the Administrative Agent on behalf of the Lenders,
               within 30 days of a request of the Required Lenders (to be
               communicated through the Administrative Agent), perfected first-
               priority security interests (subject to customary permitted
               liens) in all or such portion of the assets and capital stock of
               Foreign Subsidiaries as may be requested by the Required Lenders,
               subject to restrictions imposed by local law, Contractual
               Obligations of the Company or any of its Subsidiaries and, so
               long as no Event of Default has occurred and is continuing,
               without unfavorable tax consequences to the Company and its
               Subsidiaries, (b) upon the request of the Administrative Agent at
               the cost of the Loan Parties, take (and ensure that their
               Subsidiaries take) all such steps and comply with all such
               formalities as may be reasonably required to perfect or to more
               fully evidence or assure the effectiveness of the Security
               Documents and the rights of the Agents and the Lenders from time
               to time thereunder and (c) cause, within 30 days of a request of
               the Required Lenders (to be communicated through the
               Administrative Agent), a Foreign Subsidiary to execute a Foreign
               Obligations Joinder Agreement.

                    Notwithstanding anything to the contrary contained herein,
               the liens and security interests granted by the New European
               Security Documents shall not secure the Obligations to the extent
               the Obligations exceed the DM Notes Limitation Amount, unless
               effective provision has been made for all of the DM Notes to be
               directly secured equally and ratably with the Obligation secured.
               In determining the application of the foregoing limit, nothing
               shall prevent the Lenders from realizing the security under any
               New European Security Document in any order that they elect, and
               the Lenders shall not be obligated to release any proceeds of
               such realization until such proceeds have been applied in
               satisfaction of the maximum amount of the Obligations permitted
               pursuant to the DM Notes Limitation Amount.";
<PAGE>

                                       9

               (v)    Section 7 shall be amended by adding a new Section 7.13 to
          read as follows:

                      "7.13.  Update on Business Plan; Delivery.  (a) Meet with
                              ---------------------------------
               representatives of the Administrative Agent on or about January
               15, 2002 and January 31, 2002 to provide an update on the status
               of the Business Plan and, upon request, provide the information
               that is being used for the formulation of the Business Plan and
               (b) deliver such Business Plan to the Administrative Agent on or
               before February 19, 2002 and the Lenders on or before February
               28, 2002.";

               (vi)   Section 7 shall be amended by adding a new Section 7.14 to
          read as follows:

                      "7.14.  Cash Management System.  (a) On or before January
                              ----------------------
               31, 2002, modify its cash management system through the
               implementation of daily sweeps of a substantial majority of its
               Subsidiaries' excess cash held in the United States and foreign
               bank accounts (subject to repatriation restrictions and the
               retention of weekly operating cash needs at each Subsidiary),
               which amounts shall be held in the United States and foreign
               accounts at one or more members of the Lender group in a manner
               that results in a lien or right of setoff in such cash in favor
               of the Lenders, provided that, once every week, the Company shall
                               --------
               calculate the total aggregate amount of cash on deposit in
               accounts with banks that are not Lenders in countries other than
               the United States, the United Kingdom, Germany, France and
               Portugal (the "Non-Lender Deposits"), and then, unless the
                              -------------------
               Administrative Agent otherwise consents, if the Non-Lender
               Deposits exceed $15,000,000, within five Business Days the
               Company shall reduce the Non-Lender Deposits to $15,000,000 by
               either (A) repaying amounts owing under the Revolving Credit
               Facility, (B) depositing amounts in an account maintained with a
               Lender or (C) paying normal operating expenses of the Company and
               its Subsidiaries, provided, further, that, in no event shall the
                                 --------  -------
               Non-Lender Deposits exceed $25,000,000 at any time; and (b) the
               Company shall be permitted to provide cash collateral to Lenders
               to the extent necessary to secure any ACH exposure of a Lender as
               a cash management bank.";

               (vii)  Section 7 shall be amended by adding a new Section 7.15 to
          read as follows:

                      "7.15.  Excess Cash. (a) Repay amounts owing under the
                              -----------
               Revolving Credit Facility to the extent of any amount that
               exceeds the Maximum Cash Balance (as defined below) if, for any
               five consecutive Business Days the total aggregate amount on
               deposit in all of the deposit accounts of the Company and its
               Subsidiaries (the "Total Cash Balance") exceeds $35,000,000 (the
                                  ------------------
               "Maximum Cash Balance") (in addition to the mandatory prepayment
                --------------------
               requirements contained in Section 3.5 hereof); and
<PAGE>

                                       10

               (b) if, following the modification of Company's cash management
               system, there is a continuing and material reduction in the Total
               Cash Balance, the Company agrees to negotiate in good faith a
               reduction in the Maximum Cash Balance."

               (viii) Section 7 shall be amended by adding a new Section 7.16 to
                      read as follows:

                      "7.16.  Inventory Report; Backlog Report. (a) Provide a
                              --------------------------------
               monthly report of the value of the inventory of the Company and
               its Subsidiaries by legal entity (and, as soon as available, by
               global business unit) and region, and (b) provide a weekly
               backlog report for the Company and its Domestic Subsidiaries
               (and, as soon as available, for the Company and all of its
               Subsidiaries) by global business unit and region."

               (ix)   Section 7 shall be amended by adding a new Section 7.17 to
          read as follows:

                      "Use all reasonable endeavors to obtain any foreign
               exchange control permit which may at any time be required for any
               Guarantor incorporated under the laws of Poland to assume any
               liability under this Agreement which it is precluded from
               assuming until such permit is obtained."

               (x)    Section 7 shall be amended by adding a new Section 7.18 to
          read as follows:

                      "as soon as legally practicable consummate the upstream
          merger of Hagen Batterie AG and Deutsche Exide GmbH."

               (xi)   Section 7 shall be amended by adding a new Section 7.19 to
          read as follows:

                      "as soon as legally practicable after its constitutive
          documents have been amended to specifically include the granting of
          guarantees, Hagen Batterijen BV shall enter into a Foreign Obligations
          Joinder Agreement to ratify its obligations under the Credit
          Agreement."

               (xii)  Section 7 shall be amended by adding a new Section 7.20 to
          read as follows:

                      "Centra Spolka Akcyjna shall take all actions necessary to
          obtain a foreign exchange permit from the National Bank of Poland as
          soon as practicable in the event such permit is required by the
          National Bank of Poland."

          (e)  Amendments to Section 8.  Section 8 of the Credit Agreement shall
               -----------------------
be amended as follows:
<PAGE>

                                       11

               (i)   Section 8.2(e) shall be amended by adding immediately after
          the word "hereunder" and immediately before the semicolon a comma and
          new language immediately after such comma to read as follows:

                     "and in respect of which the Administrative Agent, in
               consultation with the Steering Committee, has provided its prior
               written consent to the incurrence of any Indebtedness in excess
               of $5,000,000 pursuant to this Section 8.2(e)";

               (ii)  Section 8.2(k) shall be amended by adding immediately after
          the word "Guarantor" and immediately before the semicolon a new
          proviso to read as follows:

                     "provided, however, that any Indebtedness in excess of
                      --------
               $5,000,000 incurred pursuant to this Section 8.2(k) is subject to
               the prior written consent of the Administrative Agent, in
               consultation with the Steering Committee";

               (iii) Section 8.3 shall be amended by deleting in its entirety
          paragraph (r) and by relabelling the existing paragraph "(s)" as
          paragraph "(r)";

               (iv)  Section 8.4(c) shall be amended by adding a comma
          immediately after the word "provided" and adding new language
                                      --------
          immediately after the comma to read as follows:

                     "however, (i) that any such merger or consolidation as
               herein described in this Section 8.4(c) is subject to the prior
               written consent of the Administrative Agent, in consultation with
               the Steering Committee, and (ii)";

               (v)   Section 8.4(d) shall be amended by adding immediately after
          the word "hereunder" and immediately before the semicolon new language
          to read follows:

                     "and provided further, that any such merger, consolidation
                          -------- -------
               or disposal of any or all assets of any Borrowing Subsidiary as
               herein described in clauses (i) and (ii) is subject to the prior
               written consent of the Administrative Agent, in consultation with
               the Steering Committee";

               (vi)  Section 8.6 shall be amended by deleting in their entirety
          paragraphs (b) and (c) and by relabelling the existing paragraph "(d)"
          as paragraph "(b)";

               (vii) Section 8.7(d) shall be amended by deleting the dollar
          amount of "$115,000,000" and replacing it with the dollar amount of
          "$95,000,000";
<PAGE>

                                       12

               (viii)   Section 8.8(e) shall be amended by deleting the existing
          language immediately after the word "provided," and substituting new
                                               --------
          language in its place to read as follows:

                        "that any intercompany loans described in this clause
               (ii) are subject to the prior written consent of the
               Administrative Agent, in consultation with the Steering
               Committee, and that the aggregate principal amount of all such
               loans described in this clause (ii) shall not exceed $10,000,000
               at any one time outstanding;";

               (ix)     Section 8.8(h) shall be amended by adding immediately
          after the semicolon at the end of the paragraph new language to read
          as follows:

                        "and provided, further, that any such Permitted
                             --------  -------
               Acquisitions are subject to the prior written consent of the
               Administrative Agent, in consultation with the Steering
               Committee;";

               (x)      Section 8.8(j) shall be amended by adding immediately
          after the number "$25,000,000" a comma and new language immediately
          after the comma to read as follows:

                        "provided, that any such contributions or other
                         --------
               investments as described in this clause (j) are subject to the
               prior written consent of the Administrative Agent, in
               consultation with the Steering Commitee.";

               (xi)     Section 8.9(a) shall be amended by (A) deleting the
          semicolon immediately after the parenthetical, and (B) deleting the
          proviso in Section 8.9(a) in its entirety, beginning with the word
          "provided," and ending with the word "time";

               (xii)    Section 8.11(c) shall be amended by deleting the proviso
          and adding immediately after the word "provided," new language to read
                                                 --------
          as follows:

                        "that all of the Net Cash Proceeds from such
               transactions are applied to prepay the Loans in accordance with
               the provisions of Section 3.5(d), with the exception of Net Cash
               Proceeds up to $5,000,000 in the aggregate for all such
               transactions in any fiscal year, and provided, further, that to
                                                    --------  -------
               the extent that the Company has exceeded the amount of $5,000,000
               Net Cash Proceeds for all such transactions for the Company's
               2002 fiscal year, the Company shall not be required to make
               prepayments with respect to Net Cash Proceeds received prior to
               the Effective Date of the Third Amendment.";

               (xiii)   Section 8 shall be amended by adding a new Section 8.18
          to read as follows:

                        "8.18.  Bank Accounts.  Open any new deposit accounts
                                -------------
               with banks that are not currently Lenders under the Credit
               Agreement without
<PAGE>

                                       13

               the prior written consent of the Administrative Agent, in
               consultation with the Steering Committee.";

               (xiv)  Section 8 shall be amended by adding a new Section 8.19 to
          read as follows:

                      "8.19.  Limitations on Negative Covenants.  (a)
                            ---------------------------------
               Notwithstanding Section 8 above, the provisions of Sections 8.6,
               8.7, 8.10, 8.11, 8.12, 8.14 and 8.15 (the "Relevant Restrictive
                                                          --------------------
               Covenants") shall not apply to any Loan Party whose Jurisdiction
               ---------
               is Germany (each a "German Obligor") or any of its Subsidiaries
                                   --------------
               from time to time whose jurisdiction of incorporation or the
               jurisdiction in which it is resident and has its principal place
               of business or the jurisdiction in which it owns or leases
               property or otherwise conducts its business (each a "Relevant
                                                                    --------
               Jurisdiction") is Germany (together with each German Obligor, the
               ------------
               "German Group").
                ------------

               (b)    Each German Obligor shall give the Administrative Agent no
               less than ten Business Days' prior written notice of the
               intention of it or of its subsidiaries whose Relevant
               Jurisdiction is Germany to carry out any of the acts or take any
               of the steps referred to in the Relevant Restrictive Covenants.

               (c)    The Administrative Agent shall be entitled within ten
               Business Days of receipt of the relevant German Obligor's notice
               under paragraph (b) to request the relevant German Obligor to
               supply to the Administrative Agent in sufficient copies for the
               Lenders any relevant information in connection with the proposed
               action or steps referred to in such notice.

               (d)    The Administrative Agent shall notify the relevant German
               Obligor, within ten Business Days of receipt of the relevant
               German Obligor's notice under paragraph (b) or if additional
               information has been requested by the Administrative Agent within
               the prescribed time, within ten Business Days of receipt of such
               information, whether the proposed action or steps under paragraph
               (b) is or is not, in the opinion of the Administrative Agent,
               acting on the instructions of the Majority Facility Lenders
               likely to have a Material Adverse Effect.

               (e)    If the proposed action or steps under paragraph (b) is so
               considered by the Administrative Agent to have a Material Adverse
               Effect and the relevant member of the German Group nevertheless
               takes such action or steps under paragraph (b), the
               Administrative Agent shall be entitled to take any action
               permitted under Section 9 (subject to obtaining the consent of
               the Majority Revolving Credit Facility Lenders or the Required
               Lenders, where required under that Section).".

          (f)  Amendments to Section 9.  Section 9 of the Credit Agreement shall
               -----------------------
be amended as follows:
<PAGE>

                                       14

               (i)    Section 9(a) shall be amended by deleting the word "five"
          and replacing it with the word "two";

               (ii)   Section 9(d) shall be amended by deleting the number "30"
          and replacing it with the word "ten";

               (iii)  Section 9(e) shall be amended by deleting the existing
          clause (ii) and adding a new clause (ii) to read as follows:

                      "(ii) default in making any payment of any interest on any
               such Indebtedness, regardless of any period of grace, if any,
               provided in the instrument or agreement under which such
               Indebtedness was created; or";

               (iv)   Section 9(f) shall be amended in its entirety by deleting
          paragraph (f) and adding a new Section 9(f) to read as follows:

                      "(f) (i)  the Company or any of its Subsidiaries shall
               commence any case, proceeding or other action (A) under any
               existing or future law of any jurisdiction, domestic or foreign,
               relating to bankruptcy, insolvency, reorganization, or relief of
               debtors, seeking to have an order for relief entered with respect
               to it, or seeking to adjudicate it a bankrupt or insolvent, or
               seeking reorganization, arrangement, adjustment, winding-up,
               liquidation, dissolution, composition, rehabilitation,
               custodianship, administration or other relief with respect to it
               or its debts, or (B) seeking appointment of a receiver, trustee,
               administrative receiver, administrator, custodian, conservator
               "conciliateur", "mandataire ad hoc" or other similar official for
               it or for all or any substantial part of its assets, or the
               Company or any of its Subsidiaries shall make a general
               assignment for the benefit of its creditors; or (ii) there shall
               be commenced against the Company or any of its Subsidiaries any
               case, proceeding or other action of a nature referred to in
               clause (i) above (a "Proceeding") which (A) results in the entry
                                    ----------
               of an order for relief or any such adjudication or appointment or
               (B) remains undismissed, undischarged or unbonded for a period of
               30 days or, in the case of any Proceeding against any Foreign
               Subsidiary, if shorter, for the period which expires on the first
               date on which any such order for relief, adjudication or
               appointment can be made against such Foreign Subsidiary, or (C)
               requires the taking prior to the expiry of the period of 30 days
               after commencement of such Proceeding, of enforcement or other
               action by or on behalf of the Lenders which the Lenders (or any
               class of them) are only entitled to take following an Event of
               Default in order to oppose such case, proceeding or action and to
               protect the rights of the Lenders, or (iii) there shall be
               commenced against the Company or any of its Subsidiaries any
               case, proceeding or other action seeking issuance of a warrant of
               attachment, execution, distraint or similar process (an
               "Execution Proceeding") against all or any substantial part of
                --------------------
               its assets which results in the entry of an order for any such
               relief which shall not have been vacated, discharged, or stayed
               or bonded
<PAGE>

                                       15

               pending appeal either within 30 days after the entry thereof or
               if earlier, in the case of any such Execution Proceeding against
               any Foreign Subsidiary, on or before the first date on which any
               final order for attachment, execution, distraint or similar
               process can be made under the law of any applicable jurisdiction;
               or (iv) the Company or any of its Subsidiaries shall take any
               action in furtherance of, or indicating its consent to, approval
               of, or acquiescence in, any of the acts set forth in clause (i),
               (ii) or (iii) above; or (v) the Company or any of its
               Subsidiaries shall generally not, or shall be unable to, or shall
               admit in writing its inability to, pay its debts as they become
               due; or";

               (v)    The last paragraph of Section 9 beginning with the word
          "then," following Section 9(l) shall be amended by replacing the
          existing clause (A) and adding a new clause (A) to read as follows:

                      "(A) if such event is an Event of Default specified in
               clause (i) or (ii) of paragraph (f) above concerning a case,
               proceeding or action commenced by or against any Borrower or
               Borrowers, automatically the Commitments shall immediately
               terminate with respect to each Borrower and the Loans (with
               accrued interest thereon) and all other amounts owing from the
               Borrower or Borrowers the subject of the case, proceeding or
               other action described in clause (i) or (ii) of paragraph (f)
               above, under this Agreement and the other Loan Documents
               (including, without limitation, all amounts of L/C Obligations,
               whether or not the beneficiaries of the then outstanding Letters
               of Credit shall have presented the documents required thereunder)
               shall immediately become due and payable but not as against any
               other Borrower or Borrowers not the subject of such case,
               proceeding or other action described in clause (i) or (ii) of
               paragraph (f) above, and";

               (vi)   The last paragraph of Section 9 following Section 9(l)
          shall be amended by deleting the label "(B)" and adding in its place
          the label "(C)" and inserting immediately before such label "(C)" a
          new clause (B) to read as follows:

                      "(B) if such event is an Event of Default specified in
               clause (i) or (ii) of paragraph (f) above with respect to the
               other Borrower or Borrowers not the subject of such case,
               proceeding or other action described in clause (i) or (ii) or
               paragraph (f) above, with the consent of the Required Lenders,
               the Administrative Agent may, or upon the request of the Required
               Lenders, the Administrative Agent shall, by notice to such
               Borrower or Borrowers, declare the Loans of such Borrower or
               Borrowers hereunder (with accrued interest thereon) and all other
               amounts owing under the Credit Agreement and the other Loan
               Documents (including, without limitation, all amounts of L/C
               Obligations, whether or not the beneficiaries of the then
               outstanding Letter of Credit shall have presented the documents
               required thereunder) to be due and payable forthwith, whereupon
               the same shall immediately become due and payable, and".
<PAGE>

                                      16

          (g)  Amendments to Section 10.  Section 10.1 of the Credit Agreement
               ------------------------
shall be amended as follows:

               (i)  The following new Section 10.1(c) shall be added after
          Section 10.1(b) of the Credit Agreement:

                    "(c)  In addition to the guarantee provided for in Section
               10(a) above, each of the Domestic Subsidiary Guarantors hereby
               unconditionally and irrevocably guarantees to the Administrative
               Agent, for the ratable benefit of the Tranche B Term Loan Lenders
               and their respective affiliates (with respect to Tranche B Term
               Loans made to the Company) and the Revolving Credit Lenders and
               their respective affiliates (with respect to Revolving Credit
               Loans made to, and Letters of Credit issued for the account of,
               the Company), the prompt and complete payment and performance
               when due (whether at stated maturity, by acceleration or
               otherwise) of the Domestic Obligations, and each of the Domestic
               Subsidiary Guarantors further agrees to pay any and all expenses
               (including, without limitation, all reasonable fees, charges and
               disbursements of counsel) which may be paid or incurred by the
               Administrative Agent or such Lenders in enforcing, or obtaining
               advice of counsel in respect of, any of their rights under the
               guarantee contained in this Section 10.  Without limiting the
               generality of the foregoing, each of the Domestic Subsidiary
               Guarantor's liability shall extend to all amounts that constitute
               part of the Domestic Obligations and would be owed by the Company
               but for the fact that they are unenforceable or not allowable due
               to the existence of a bankruptcy, reorganization or similar
               proceeding involving the Company.  The guarantee contained in
               this Section 10, subject to Section 10.5, shall remain in full
               force and effect until the Domestic Obligations are paid in full,
               notwithstanding that from time to time prior thereto the Company
               may be free from any Domestic Obligations.";

               (ii) Section 10.1 shall be amended by adding the following
          language after Section 10.1(c):

                    "Notwithstanding anything to the contrary contained herein
               or in any other Loan Document, (a) the guarantee contained in
               this Section 10 and under the other Loan Documents by any
               Subsidiary of the Company shall not extend to any amount of
               Foreign Obligations or Domestic Obligations that constitutes a
               refinancing of "Acquired Indebtedness" as defined in the Senior
               10% Note Indenture and was not permitted to be incurred under
               Section 4.03(a) of the Senior 10% Note Indenture, other than
               pursuant to clause (vii) of the second paragraph thereof, except
               to the extent that such Subsidiary was an obligor on such
               Acquired Indebtedness, (b) the maximum liability of each Domestic
               Subsidiary Guarantor under this Section 10 and under the other
               Loan Documents shall in no event exceed the amount which can be
               guaranteed by such Subsidiary Guarantor
<PAGE>

                                      17

               under applicable federal and state laws relating to the
               insolvency of debtors and (c) the maximum aggregate liability
               under the guarantee contained in this Section 10 and under the
               other Loan Documents of any Guarantors added pursuant to the
               Third Amendment shall in no event exceed $101,000,000. In
               determining the application of the foregoing limit in (c) above,
               nothing shall prevent the Lenders from claiming under the
               guarantees in any order that they elect, and the Lenders shall
               not be obligated to release any remaining guarantees or any
               excess proceeds of any such claims until the proceeds of such
               claims have been applied in satisfaction of the maximum amount
               permitted pursuant to subsection (c) above.";

               (iii)   Section 10.3 shall be amended by inserting immediately
          after the words "surrendered or released" and immediately before the
          period new language to read as follows:

                       "and shall not be affected by any such modification,
               supplement or termination of this Agreement or any Loan Document
               or other documents executed and delivered in connection herewith
               or therewith save as expressly stated in the relevant
               modification, supplement or termination document".

          (h)  Amendments to Section 11.  Section 11 of the Credit Agreement
               ------------------------
shall be amended as follows:

               (i)     Section 11.11 shall be amended by deleting the section in
          its entirety and adding a new Section 11.11 to read as follows:

                       "11.11. Power of Attorney. To the extent permitted by
                               -----------------
               applicable law, each Lender hereby grants to the Administrative
               Agent an irrevocable power of attorney, with full power of
               substitution and with full authority to take any and all steps
               and actions in such Lender's name and on behalf of such Lender as
               may be necessary or appropriate, in the reasonable determination
               of the Administrative Agent (together with such other powers as
               are reasonably incidental thereto) to: (i) execute and deliver
               any Security Document that may be necessary or appropriate, in
               the reasonable determination of the Administrative Agent, under
               the provisions of this Agreement and the other Loan Documents;
               (ii) take any and all other actions necessary or desirable, in
               the opinion of the Administrative Agent, for the execution and
               delivery of, acceptance, perfection, formalisation and if
               applicable, recording with the relevant registry, of any Security
               Document as well as any other security interest which may be
               created in order to secure the Obligations; (iii) amend, add to,
               expand, correct or supplement any Security Documents (already
               existing or to be created) to secure the Obligations, as well as
               any other security interest which may be created in order to
               secure the Obligations, (iv) hold, maintain and apply the
               collateral under the Security Documents, as well as under any
               other
<PAGE>

                                      18

                    security interest which may be created in order to secure
                    the Obligations; (v) formalise this Agreement or any other
                    Loan Document or Security Document as a public deed before a
                    Spanish Public Notary, as well as to make such amendments,
                    additions, supplements or corrections to the aforementioned
                    public deeds as it may, to its sole and reasonable
                    discretion, deem necessary or appropriate; and (vi) to take
                    any and all other actions necessary or appropriate, in the
                    opinion of the Administrative Agent, for the enforcement of
                    servicing of the Loan Documents, including in particular, if
                    applicable, the enforcement of the Security Documents.

                    None of the powers hereby conferred upon the Administrative
                    Agent shall subject the Administrative Agent to any
                    liability if any action taken by it proves to be inadequate
                    or invalid, nor shall they confer any obligations upon the
                    Administrative Agent in any manner whatsoever.";

                    (ii)    Section 11 shall be amended by adding a new Section
          11.13 to read as follows:

                            "11.13. Declaration of Trust (Treuhand) and
                                    -----------------------------------
                    Appointment as Administrator. (a) The Administrative Agent
                    ----------------------------
                    shall: (i) hold any Lien or security interest which is
                    governed by German law and is assigned
                    (Sicherungseigentum/Sicherungsabtretung) or otherwise
                    transferred to it under a non-accessory security right
                    (nicht akzessorische Sicherheit) pursuant to any of the
                    Collateral Documents or otherwise for the purpose of
                    securing any of the obligations secured thereunder as
                    trustee (Treuhander) for the benefit of the Lenders; and
                    (ii) administer any Lien or security interest (if any) which
                    is pledged (Verpfandung) or otherwise transferred under an
                    accessory security right (akzessorische Sicherheit) to it
                    and/or the Lenders pursuant to any of the Collateral
                    Documents or otherwise for the purpose of securing any of
                    the Obligations secured thereunder and each Lender
                    authorizes the Administrative Agent to accept as its
                    representative (Stellvertreter) any pledge or other creation
                    of any other accessory right made to such Lender, and shall
                    act in relation to the Lien and security interests in
                    accordance with the terms and subject to the conditions of
                    this Agreement and the other Loan Documents. Each Lender
                    hereby ratifies and approves all acts done, the Collateral
                    Agreement by the Administrative Agent on such Lender's
                    behalf before execution thereof.

                    (b)     It is hereby agreed that, in relation to any
                    jurisdiction the courts of which would not recognize or give
                    effect to the trust (Treuhand) expressed to be created by
                    this Section 11.13, the relationship of the Lender to the
                    Administrative Agent in relation to any Lien or security
                    interest governed by German law shall be construed as one of
                    principal and agent but, to the extent permissible under the
                    laws of such jurisdiction, all the other
<PAGE>

                                      19

provisions of this Section 12.7 shall have full force and effect between the
parties hereto.

          (c)  The Administrative Agent is, and any sub-agent or successor shall
be, exempt from any restrictions under (S) 181 of the German Civil Code (BGB).";

     (iii)  Section 11 shall be amended by adding a new Section 11.14 to read as
follows:

          "11.14.     French Attorney. If any French law security over
                     ----------------
               receivables pursuant to Article L.313-23 of the French Code
               monetaire et financier (the "Loi Dailly Assignment") is granted
               by a Subsidiary, the Administrative Agent will appoint a Lender
               or other Person that is a French bank or an EU licensed credit
               institution (a "French Attorney") to administer the enforcement
               proceedings on behalf of all the Lenders, in which event such
               French Attorney will have all the powers and authority of the
               Administrative Agent set out above in respect of such Loi Dailly
               Assignment.";

          (iv) Section 11 shall be amended by adding a new Section 11.15 to read
as follows:

          "11.15.     Joint Creditor Rights.  Each of the Borrowers and
                      ---------------------
               Guarantors and each of the Lenders and the Agents (other than the
               Administrative Agent) agree that the Administrative Agent shall
               be the joint creditor (together with the relevant Lender or
               Agent) of each and every obligation of any Borrower or Guarantor
               towards the Lenders and the Agents (other than the Administrative
               Agent) under the Loan Documents and that the Administrative Agent
               will have the right to demand performance by the relevant
               Borrower or Guarantor of such obligations.  However any discharge
               of such obligations to one of the Administrative Agent or Lender
               or other Agent shall to that extent discharge the corresponding
               obligation owed to the other.

               Without limiting the rights of the Administrative Agent against
               any Borrower or Guarantor, the Administrative Agent agrees with
               each other Lender and Agent on a several basis that it will not
               exercise its rights as joint creditor except with the consent of
               the relevant Lender or Agent and subject to the terms of the
               Collateral Agreement, save that it may take action in relation to
               the Security Documents as contemplated by the Loan Documents and
               the Collateral Agreement.".

          (i)  Amendments to Section 12.  Section 12 of the Credit Agreement
               ------------------------
shall be amended as follows:
<PAGE>

                                      20

               (i)    Section 12.5 shall be amended by (A) deleting the
          expression "incurred during the Suspension Period" immediately after
          the parenthetical in clause (f), (B) deleting the period at the end of
          clause (f) and adding in its place a comma, and (C) adding immediately
          after such comma a new proviso to read as follows:

                      "provided that, if the Company considers any fees or
                       --------
               expenses of counsel or the financial advisor unreasonable, such
               fees or expenses shall be paid by the Company to the
               Administrative Agent and held in escrow by the Administrative
               Agent pending resolution with respect to the disputed amounts.";

               (ii)   Section 12.6(c)(x) shall be amended by inserting
          immediately after the word "rights" and immediately before the words
          "and obligations" a new parenthetical to read as follows:

                      "(including the rights to any security interest or
               guarantee granted and/or to be granted in connection with this
               Agreement and/or the Loan Documents and/or the Collateral
               Agreement and/or with any of the obligations deriving
               therefrom)";

               (iii)  Section 12.6 shall be amended by adding a new Section
          12.6(h) to read as follows:

                      "(h) For the purposes of Article 1528 of the Spanish Civil
               Code, Article 1263 of the Italian Code, Article 1278 of the
               French Civil Code and any other applicable provision of any
               applicable law the parties agree that upon any transfer,
               assignment or novation made in compliance with this Agreement the
               security created or evidenced by the Security Documents shall be
               preserved for the benefit of the Assignee.";

               (iv)   Section 12.6 shall be amended by adding a new Section
          12.6(i) to read as follows:

                      "(i) The Persons to whom the Obligations purported to be
               secured by a Security Document are due, owing or incurred from
               time to time shall be entitled to benefit from the proceeds
               arising from enforcement of that Security Documents subject to
               the terms of this Agreement and any other applicable Loan
               Document. The assignment of the interest held by any of the
               Agents and the Lenders from time to time party to any Loan
               Document is not to be construed as a waiver, resignation or an
               abandonment of any right, title or interest of the Assignor or
               the Assignee to the Security Documents.";

               (v)    Section 12.7(a) shall be amended by inserting immediately
          after the expression "Section 9(f)" and before the comma the following
          language:
<PAGE>

                                      21

                      "or any other circumstance pursuant to Section 9 which
               causes any of the Loans under the Credit Agreement to become
               immediately due and payable";

               (vi)   Section 12.7(c) shall be amended by deleting the word
          "Foreign" wherever it occurs in paragraph (c).

          (j)  Amendments to Exhibit D. Exhibit D to the Credit Agreement shall
               -----------------------
be inserted in the form of Exhibit A attached hereto.

          (k)  Amendments to Exhibit K.  Exhibit K to the Credit Agreement shall
               -----------------------
be amended as follows:

               (i)    Exhibit K shall be amended by adding a new paragraph 8 to
          read as follows:

                      "8.   The Assignee hereby expressly consents to the
               declarations of the Administrative Agent made on behalf and in
               the name of the Assignee as "Future Pledgee" in the Security
               Documents governed by German law (and "Future Pledgee" shall bear
                                                      --------------
               the meaning given to such term in such Security Documents).  The
               Assignee confirms that it is aware of the contents of the
               Security Documents governed by German law.";

               (ii)   Exhibit K shall be amended by adding a new paragraph 9 to
          read as follows:

                      "9.   For the purpose of Article 1528 of the Spanish Civil
               Code, Article 1263 of the Italian Civil Code, Article 1278 of the
               French Civil Code and any other applicable provision of any
               applicable law, the parties agree that upon any transfer,
               assignment or novation made in compliance with the Credit and
               Guarantee Agreement the security created or evidenced by the
               Security Documents will be preserved for the benefit of the
               Assignee and each other Lender.";

               (iii)  Exhibit K shall be amended by adding a new paragraph 10 to
          read as follows:

                      "10.  A copy of this Assignment and Acceptance shall be
               notified to the Company (on behalf of the Borrowers) and, in
               accordance with Article 1690 of the French Civil Code, to any
               Subsidiary of the Company incorporated under French law which is
               a Borrower, has granted any Lien pursuant to a Security Document
               or is a French Guarantor and the Assignee shall benefit from all
               of the Assignor's rights under the Security Documents.".

          (l)  Amendments to Schedule 10.1. Schedule 10.1 to the Credit
               ---------------------------
Agreement shall be amended as follows:
<PAGE>

                                      22

               (i)  Schedule 10.1 shall be amended by deleting in its entirety
          the existing paragraphs (i) and (ii) under the heading "German
                                                                  ------
          Guarantees" and adding new language in its place to read as follows:
          ----------

                    "In respect of any Guarantor constituted in the form of a
               GmbH (Gesellschaft mit beschraenkter Haftung) or GmbH & Co. KG
               (Kommanditgesellschaft) under the laws of the Federal Republic of
               Germany, to the extent that the obligations guaranteed represent
               those of the direct or indirect holding company of such
               Guarantor, or another Subsidiary of such direct or indirect
               holding company of such Guarantor, its liability under Section 10
               and under any indemnities contained elsewhere in this Agreement
               or the other Loan Documents or the Collateral Agreement shall at
               no time require the direct or indirect payment of any monies
               and/or the performance of any obligations to the extent that the
               payment of such monies to the Lenders and/or the performance of
               such obligations vis-a-vis the Lenders, would be considered as a
               repayment of share capital prohibited by Sections 30 and 31 of
               the German Limited Liability Companies Act (GmbH-Gesetz).

                    In respect of any Guarantor constituted in the form of an AG
               (Aktiengesellschaft) under the laws of the Federal Republic of
               Germany, to the extent that the obligations guaranteed represent
               those of the direct or indirect holding company of such
               Guarantor, or another Subsidiary of the holding company of such
               Guarantor, its liability under Section 10 and under any
               indemnities contained elsewhere in this Agreement or the other
               Loan Documents or the Collateral Agreement shall at no time
               require the direct or indirect payment of any monies and/or the
               performance of any obligations to the extent that the payment of
               such monies to the Lenders and/or the performance of such
               obligations vis-a-vis the Lenders, would be in violation of
               Sections 57 and/or 71 and/or 71a of the German Stock Corporation
               Act (Aktiengesetz).";

               (ii) Schedule 10.1 shall be amended by deleting in its entirety
          the existing paragraph under the heading "French Guarantees" and
                                                    -----------------
          adding new language in its place to read as follows:

                    "The liability of each Guarantor incorporated under the laws
               of France under the guarantee contained in Section 10 (a "French
                                                                         ------
               Guarantor"):
               ---------

               (i) shall not include any liability which would, if incurred,
               constitute the provision of financial assistance as defined by
               article L.225-216 of the French Code de commerce for the
               acquisition or the refinancing of the acquisition of its shares;
               and (ii) shall be limited (other than to the extent the liability
               is in respect of the obligations of a subsidiary of the French
               Guarantor) to the greater of:
<PAGE>

                                      23

               (a)  the equivalent in Euros of the Loans (plus any accrued
               interest thereon, commissions, costs and fees) made available to
               any Borrower under all the Facilities on the date on which such
               Loans are made available, to the extent that such Loans have been
               borrowed by, or on lent by the relevant Borrower to, such French
               Guarantor; or

               (b)  70% of the Net Asset Value of such French Guarantor
               calculated and certified by the statutory auditors of such French
               Guarantor on the basis of the last audited financial statements
               available at the date on which demand is made on it pursuant to
               Section 10.1 of this Agreement.

                    "Net Asset Value" of a French Guarantor means the capitaux
               propres of such French Guarantor as defined by the provisions of
               French accounting laws, decrees and regulations.  A certificate
               of the statutory auditors of a French Guarantor as to the Net
               Asset Value shall be prime facie evidence as to the amount to
               which it relates.";

               (iii)  Schedule 10.1 shall be amended by deleting in its entirety
          the paragraph under the heading "Italian Guarantees" and adding in its
                                           ------------------
          place new language to read as follows:

               "(i)   Each Guarantor incorporated under the laws of Italy
          (together the "Italian Guarantors") agrees to be bound by the terms
                         ------------------
          herein, which it hereby acknowledges to have read completely and to
          know and accept, subject to the limitations contained in the
          subsection (ii) below.

          (ii)  Notwithstanding any provision in this Agreement to the contrary,
          each Italian Guarantor's liability as a Guarantor under the Guarantee
          provided for in Section 10.1 shall:

                    (A) constitute a direct Guarantee Obligation of that Italian
               Guarantor to each of the Lenders; and

(B)                           be limited to the lesser of:

                         1.   a maximum amount equal to the excess, if any, of
                         amounts owed by such Italian Guarantor to the Company
                         and/or any of its Subsidiaries other than such Italian
                         Guarantor and its Subsidiaries, including accounts
                         payable of and intercompany loans made to such Italian
                         Guarantor, over amounts owed to such Italian Guarantor
                         by the Company and/or any of its Subsidiaries other
                         than such Italian Guarantor and its Subsidiaries,
                         including accounts receivable of and intercompany loans
                         made by such Italian Guarantor; or
<PAGE>

                                      24

                            2.   a maximum amount legally permissible and
                            specified by the relevant Italian Guarantor to the
                            Administrative Agent and accepted by the
                            Administrative Agent by January 11, 2002.

               (iii)  Each of the Italian Guarantors represents and warrants
               that the Guarantee Obligation undertaken by it under Section 10
               in favor of the Lenders bestows a direct corporate benefit upon
               it and has been duly approved by its board of directors with
               unanimous consent.";

               (iv)   Schedule 10.1 shall be amended by deleting in its entirety
          the paragraph under the heading "Spanish Guarantees" and adding in its
                                           ------------------
          place new language to read as follows:

                      "The guarantees and indemnities given by each Guarantor
               incorporated under the laws of Spain (a "Spanish Guarantor")
                                                        -----------------
               shall be limited as follows:

               (a)    Such Spanish Guarantor shall not in any circumstances
               incur obligations which would give rise to breach of the
               provisions of Spanish law relating to restrictions on the
               provision of financial assistance in connection with the
               acquisition of shares; and

               (b)    Such Spanish Guarantor shall guarantee only amounts owed
               under the Facilities up to the a maximum amount legally
               permissible and specified by the relevant Spanish Guarantor to
               the Administrative Agent and accepted by the Administrative Agent
               by January 11, 2002.

               (c)    Each of the Spanish Guarantors represents and warrants
               that the Guarantee Obligation undertaken by it under this
               Agreement in favour of the Lenders has been entered into for its
               benefit and in furtherance of its specific corporate interest and
               purpose.".

               (v)    Schedule 10.1 shall be amended by deleting in its entirety
          the paragraph under the heading "Belgian Guarantees" and adding in its
                                           ------------------
          place new language to read as follows:

                      "The liability of each Guarantor incorporated under the
               laws of Belgium (a "Belgian Guarantor") shall not include any
                                   -----------------
               liability which would constitute unlawful financial assistance
               (as determined in Article 629 of Belgian Company Code) and shall
               be limited, for each Belgian Guarantor, to the greater of:

                      (i)   the facilities (plus any accrued interest thereon,
               commissions costs and fees) made available to any Borrower under
               this Agreement on the date on which such facilities are made
               available, to the extent that such facilities have been on lent
               by the relevant Borrower to such Belgian Guarantor; or
<PAGE>

                                      25

                      (ii) 80% of the greater of:

                           (a)  the Adjusted Net Assets (as defined hereafter)
                      of such Belgian Guarantor calculated and certified by the
                      statutory auditors of such Belgian Guarantor on the basis
                      of the last audited accounts available at the date hereof;
                      and

                           (b)  the Adjusted Net Assets (as defined hereafter)
                      of such Belgian Guarantor calculated and certified by the
                      statutory auditors of such Belgian Guarantor on the basis
                      of the last audited accounts available at the date of the
                      relevant payment hereunder.

                      For these purposes, "Adjusted Net Assets" of a Belgian
                                           -------------------
               Guarantor means the greater of (1) the amount by which the book
               value of the total assets of such Belgian Guarantor exceeds the
               total amount of liabilities, including, without limitation,
               contingent liabilities, but excluding liabilities under the
               guarantee contained in Section 10 including accrued interest at
               such date and (2) the amount by which the present fair saleable
               value of the total assets of such Belgian Guarantor at such date
               exceeds the amount that will be required to pay the probable
               liability of such Guarantor on its debts, excluding debt
               liabilities under the guarantee contained in Section 10 as they
               become absolute and matured.

                      In case the Belgian Guarantor does not have at any
               relevant time for the purpose of calculation of its liabilities
               under the guarantee contained in Section 10 a statutory auditor,
               an auditor ad hoc will be appointed, whom must be a member of the
               Belgian Institute of Auditors (Instituut der Bedrijfsrevisoren),
               to audit the accounts referred to in this Schedule 10.1 "Belgian
               Guarantees" section."

               (vi)   Schedule 10.1 shall be amended by inserting a new
          paragraph:

               "Dutch Guarantees
                ----------------

                      The obligations of each Guarantor incorporated under the
               laws of the Netherlands (a "Netherlands Guarantor") under the
                                           ---------------------
               guarantee contained in Section 10 shall be limited to the extent,
               and only to the extent, that such Netherlands Guarantor proves,
               to the satisfaction of the Administrative Agent, that by assuming
               such obligations, the objects of the Netherlands Guarantor as
               referred to in Section 7 of Book 2 of the Dutch Civil Code have
               been exceeded. "

               (vii)  Schedule 10.1 shall be amended by deleting in its entirety
          the paragraph under the heading "Polish Guarantees" and adding in its
                                           -----------------
          place new language to read as follows:

                      "No Guarantor incorporated under the laws of Poland (a
               "Polish Guarantor") will, by executing this Agreement, assume any
               -----------------
               liability if a
<PAGE>

                                      26

               foreign exchange permit from the National Bank of Poland would be
               required for it to assume such liability until such time as the
               relevant foreign exchange permit or an opinion or decision of the
               National Bank of Poland confirming that the foreign exchange
               permit is not required has been obtained."

               (viii)  Schedule 10.1 shall be amended by deleting in its
          entirety the paragraph headed "Danish Guarantees" and adding in its
                                         -----------------
          place new language to read as follows:

                    "The liability of each Guarantor incorporated under the laws
               of Denmark (a "Danish Guarantor") shall not include any liability
               which would constitute unlawful financial assistance (as
               determined in Articles 115 and 115a of the Danish Companies Act
               ("Aktieselskabsloven" as amended from time to time)) and shall at
               all times be limited so that the liability of such Danish
               Guarantor shall at no time require the payment of any monies
               which:

                    (i)    results in it being unable to honor its other
               financial obligations to its other creditors at such time as they
               are due for payment, the position of such creditors to be
               determined under Danish law;

                    (ii)   constitutes a violation of Danish bankruptcy law, the
               Danish Companies Act and its regulations on financial assistance;
               or

                    (iii)  is an amount in excess of the lower of (a) the equity
               of Exide Danmark A/S at the time the Third Amendment was entered
               into and (b) the equity of Exide Danmark A/S at the time of
               enforcement."

               (ix) Schedule 10.1 shall be amended by deleting in its entirety
          the paragraph headed "Swedish Guarantees" and adding in its place the
                                ------------------
          following new language:

                    "The liability of each of Tudor AB and Gemala Sweden AB
               under this Agreement shall be limited as set out in the
               respective minutes kept at the shareholder's meeting with the
               shareholders of each of Tudor AB and Gemala Sweden AB
               authorizing, inter alia, the entering into of the Third
               Amendment, and otherwise shall not exceed the maximum liability
               which each of Tudor AB and Gemala Sweden AB is permitted to incur
               hereunder under Swedish law."

               (x)  Schedule 10.1 shall be amended by deleting in its entirety
          the paragraph headed "Portuguese Guarantees" and adding in its place
                                ---------------------
          the following new language:

                    "The conditions upon which Sociedade Portuguesa do
               Acumulador Tudor, S.A. accepts to underwrite the present contract
               as a Guarantor are as follows:
<PAGE>

                                      27

                    a)   that the limit of the guarantee does not exceed PTE
               1,000,000,000 (one thousand million escudos); and

                    b)   that the board of directors of Sociedad Espanola del
               Acumulador Tudor, S.A. has resolved that Sociedad Espanola del
               Acumulador Tudor, S.A. will guarantee to Sociedade Portuguesa do
               Acumulador Tudor, S.A.:  (i) that the existing terms and
               conditions of sale, including prices, of the products which
               Sociedad Espanola del Acumulador Tudor, S.A. sells to Sociedade
               Portuguesa do Acumulador Tudor, S.A. will not be changed,
               including any increase in prices, for the duration of the
               guarantee, with the exception of any exceptional change of
               circumstances, as well as (ii) that it will assume the costs and
               responsibilities related to the products sold to Sociedade
               Portuguesa do Acumulador Tudor, S.A. used by it as replacements
               of defective batteries in excess of 2% of its annual sales to it;
               as well as (iii) that it reduces the average delivery period of
               the products supplied to Sociedade Portuguesa do Acumulador
               Tudor, S.A. from the existing 45 days to 30 days for ordinary
               deliveries and an even shorter period for urgent orders at no
               additional cost.

               The undertakings of Sociedad Espanola del Accumulador Tudor
               referred to above are further confirmed to Sociedade Portuguesa
               do Accumulador Tudor, S.A. by the minutes of the board of
               directors of Sociedad Espanola del Acumulador Tudor S.A., by
               virtue of the entry into this Agreement by Sociedad Espanola del
               Accumulador Tudor S.A."

          SECTION 3.  Amendments to Amended and Restated Collateral Agreement.
                      -------------------------------------------------------
On the Effective Date (as hereinafter defined) the Amended and Restated
Collateral Agreement (the "Collateral Agreement") shall be amended as follows:
                           --------------------

          (a)  Amendments to Section 1.1.  The definition of "Pledged Stock" of
               -------------------------                      -------------
Section 1.1 of the Collateral Agreement shall be amended in its entirety to read
as follows:

                "Pledged Stock": the shares of Capital Stock listed on Schedule
                 -------------                                         --------
     2 together with any other shares, stock certificates, options or rights of
     -
     any nature whatsoever in respect of the Capital Stock of any Person that
     may be issued or granted to, or held by, the Company while this Agreement
     is in effect."

          (b)  Amendments to Schedule 2.  Schedule 2 to the Collateral Agreement
               ------------------------   ----------
shall be amended by adding a new "Pledged Stock" section to read in the form of
Schedule IV attached hereto.

          SECTION 4.  Waiver.  Subject to the occurrence of the Effective Date
                      ------
(as hereinafter defined), solely for the period commencing on the Effective Date
through April 12, 2002 (the "Waiver Termination Date"), the Lenders hereby agree
                             -----------------------
to waive the requirements of
<PAGE>

                                      28

Section 8.1 (as amended and restated by the First Amendment) for FQ3 2002 and
FQ4 2002. On the Waiver Termination Date, without any further action by the
Administrative Agent and the Lenders, all of the terms and provisions set forth
in the Credit Agreement that are waived hereunder shall have the same force and
effect as if this Amendment had not been entered into by the parties hereto, and
the Administrative Agent and the Lenders shall have all of the rights and
remedies afforded to them under the Credit Agreement as though no waiver had
been granted by them hereunder and any Defaults or Events of Default that
otherwise would have occurred through and until the Waiver Termination Date
shall be in existence unless otherwise expressly waived.

              SECTION 5.  Conditions to Effectiveness.  This Amendment shall be
                          ---------------------------
effective on the date on which all of the following conditions precedent have
been satisfied (the "Effective Date"):
                     --------------

          (a)  The Administrative Agent shall have received this Amendment,
executed and delivered by a duly authorized officer of each Loan Party party to
the Credit Agreement and the Collateral Agreement, provided that the
                                                   --------
Administrative Agent may permit Industria Composizioni Stampate SPA to execute
and deliver this Amendment on or before January 11, 2002 if the Company
demonstrates to the satisfaction of the Administrative Agent that it is legally
impracticable to execute and deliver this Amendment on the Effective Date.

          (b)  The Company shall have paid all accrued fees and expenses of the
Administrative Agent in connection with this Amendment, including but not
limited to the accrued fees described in Section 3.2, the portion of the
Amendment Fee and the Administrative Agent's Fee payable on the Effective Date,
the unpaid portion of the amendment fee in connection with the Second Amendment
and fees and expenses of counsel and financial advisor to the Administrative
Agent and the Steering Committee, provided that, if the Company considers any
                                  --------
fees or expenses of counsel or the financial advisor unreasonable, such fees or
expenses shall be paid by the Company to the Administrative Agent and held in
escrow by the Administrative Agent pending resolution with respect to the
disputed amounts.

          (c)  After giving effect to the Amendment, no Default or Event of
Default shall have occurred and be continuing, and the representations and
warranties contained in each of the Loan Documents shall be correct in all
material respects as though made on and as of the Effective Date.

          (d)  The Administrative Agent shall have received a certificate of the
Chief Financial Officer of the Borrower confirming satisfaction of the
conditions specified in paragraph (c) above.

          (e)  The Administrative Agent shall have received favorable legal
opinions, with respect to the transactions contemplated by this Amendment which
have been consummated on or before the Effective Date, by Kirkland & Ellis,
counsel to the Company, in form and substance satisfactory to the Administrative
Agent, including without limitation, opinions that the transactions contemplated
by this Amendment and the Credit Agreement as amended hereby do not conflict
with the Convertible Notes, the Senior 10% Notes or the DM Notes.
<PAGE>

                                      29

          (f)  The Company shall have provided the most recent environmental
appraisals prepared by independent environmental consultants for the Company and
its Subsidiaries, together with a summary of any material changes since
September 2000.

          (g)  The Administrative Agent shall have received certified copies of
(i) the resolutions of the Board of Directors of (A) the Company approving this
Amendment and the matters contemplated hereby and thereby and (B) each Guarantor
evidencing approval of this Amendment and the matters contemplated hereby and
thereby and (ii) all documents evidencing other necessary corporate action and
governmental approvals, if any, with respect to this Amendment and the matters
contemplated hereby and thereby.

          (h)  The Company shall have pledged: (a) 35% of the stock of Exide
Holding Europe S.A., in addition to the stock already pledged, and (b) 35% of
the stock of Exide Holding Asia PTE Limited, in addition to the stock already
pledged.

          (i)  The Company shall have executed mortgages with respect to each of
the properties listed on Schedule II hereto.

          (j)  The Company shall have caused its Subsidiaries to execute the
guarantees and pledge agreements with respect to the capital stock of the
Subsidiaries set forth on Schedule V, provided, that, the Administrative Agent
                                      --------
may agree that any such guarantee or pledge agreement may be delivered on or
before January 11, 2002 if the Company informs the Administrative Agent that
delivery on the Effective Date is impracticable.

          (k)  Each Domestic Subsidiary of the Company, other than Dixie Metals
Company, Refined Metals Corporation, Exide Illinois, Inc. and Exide U.S. Funding
Corporation, shall have executed the Domestic Subsidiary Collateral Agreement
substantially in the form of Exhibit B hereto.

          (l)  Each Domestic Subsidiary Guarantor shall have executed a Domestic
Obligations Guarantor Joinder Agreement, attached as Exhibit A hereto.

          (m)  The Company shall have given notice to the Trustee of the
Convertible Notes and the Senior 10% Notes that the Credit Agreement is the
"Credit Agreement" under the Convertible Notes and Senior 10% Notes Indentures.

          (n)  The Administrative Agent shall have received a complete and
accurate list of the assets of the Foreign Subsidiaries of the Company in
respect of which security interests can be created without violation of, causing
a default under, requiring prepayment of or triggering any mandatory option to
purchase with respect to any Contractual Obligation, provided that, the
                                                     --------
Administrative Agent may agree that any such list of assets may be delivered and
supplemented, if necessary, on or before January 11, 2002 if the Company informs
the Administrative Agent that delivery on the Effective Date is impracticable.
<PAGE>

                                      30

              SECTION 6.  Post-Effective Date Conditions.  The Company shall be
                          ------------------------------
required to comply with the following conditions on or before January 11, 2002:

          (a)  The Administrative Agent shall have received certificates,
representing the shares of capital stock pledged pursuant to the Collateral
Agreement and any pledge agreement, together with an undated stock power for
each such certificate executed in blank.

          (b)  The Company shall provide a letter to the Lenders stating that
the Company and its Subsidiaries have taken such corporate action and re-
executed or amended such collateral documents and guarantees and complied with
the requests for information, in each case to the satisfaction of the
Administrative Agent.

          (c)  The Company shall have caused its Subsidiaries to execute the
additional guarantees and pledge agreements with respect to the capital stock of
the Subsidiaries set forth on Schedule VI hereto, provided that, in the event
                                                  --------
that the Company confirms to the Administrative Agent by January 11, 2002, that
it will provide alternative collateral and guarantee arrangements satisfactory
to the Administrative Agent in its sole discretion, the Administrative Agent may
waive the obligation of Industria Composizioni Stampate SPA and Exide Italia SRL
to execute the additional guarantees and pledge agreements specified for such
Subsidiaries on Schedule VI hereto.

          (d)  Each Italian Guarantor and each Spanish Guarantor shall have
specified to the satisfaction of the Administrative Agent the maximum amount of
such Guarantor's liability legally permissible for it as a Guarantor.

          (e)  The Company and the Domestic Subsidiary Guarantors shall have
recorded such additional mortgages as the Administrative Agent may request,
determined in the sole discretion of the Administrative Agent, with respect to
the properties of the Company or the Domestic Subsidiary Guarantors,
respectively.

          (f)  The Administrative Agent shall have received favorable legal
opinions with respect to the transactions contemplated by this Amendment which
have been consummated on or before January 11, 2002 and with respect to the
guarantees and pledge agreements described in Schedules V and VI hereto, in form
and substance satisfactory to the Administrative Agent.

          (g)  The Company shall have delivered evidence satisfactory to the
Lenders confirming that Deta Akkumulatorenwerk GMBH and Mareg Accumulatoren GMBH
have been merged and cease to exist.

          (h)  The Company shall advise the Administrative Agent by January 11,
2002 whether it is practicable and desirable to consummate the mergers of GNB
Technologies S.A. and GNB Technologies N.V. referred to in Section 7(h).  If the
Company determines that such mergers are practicable and desirable, the Company
shall consummate them as promptly as practicable in light of legal constraints
in local jurisdictions.  If, however, the Company advises the Administrative
Agent that either of such mergers is not practicable or desirable, the Company
shall cause each of its Subsidiaries that hold intercompany receivables from GNB
Technologies
<PAGE>

                                      31

S.A. or GNB Technologies N.V., or both, as the case may be, to grant effective
security over such receivables by January 31, 2002.

          SECTION 7.  Representations and Warranties.  To induce the Lenders
                      ------------------------------
parties hereto to enter into this Amendment, each of the Borrowers hereby
represents and warrants to the Administrative Agent and all of the Lenders the
following:

          (a)  The execution, delivery and performance by each Loan Party of any
of the Amendment Documents and Loan Documents to which it is a party, as amended
hereby, and the consummation of the transactions contemplated hereby and
thereby, are within such Loan Party's corporate powers, have been duly
authorized by all necessary corporate action, and do not (i) contravene such
Loan Party's charter or bylaws, (ii) violate any law (including, without
limitation, the Securities Exchange Act of 1934), rule, regulation (including,
without limitation, Regulation X of the Board of Governors of the Federal
Reserve System), order, writ, judgment, injunction, decree, determination or
award applicable to such Loan Party, or (iii) conflict with or result in the
breach of, or constitute a default under, any Contractual Obligation of the
Company or any of its Subsidiaries.  No Loan Party or any of its Subsidiaries is
in violation of any such law, rule, regulation, order, writ, judgment,
injunction, decree, determination or award or in breach of any such contract,
loan agreement, indenture, mortgage, deed of trust, lease or other instrument,
the violation or breach of which is reasonably expected to have a Material
Adverse Effect.

          (b)  No authorization or approval or other action by, and no notice to
or filing with, any governmental authority or regulatory body or any other third
party is required to be obtained by the Loan Parties in connection with the
execution and delivery, or performance by any Loan Party of any of its
obligations under, any Amendment Document to which it is a party.

          (c)  Each Amendment Document has been duly executed and delivered by
each Loan Party party thereto, and is the legal, valid and binding obligation of
such Loan Party, enforceable against such Loan Party in accordance with its
terms except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or other laws relating to or limiting creditors' rights or by
equitable principles generally.

          (d)  No Loan Party has an existing claim against any Lender Party
arising out of, relating to or in connection with the Loan Documents.

          (e)  No Loan Party is in breach of, or in default under, the
Convertible Notes, Senior 10% Notes or DM Notes or any other Contractual
Obligation, binding on or affecting any Loan Party, any of its Subsidiaries or
any of their properties, where the consequence of such default is to confer
rights upon any person against the Company or any of its Subsidiaries which, if
exercised, can be reasonably expected to have a Material Adverse Effect.

          (f)  Set forth on Schedule I hereto is a complete and accurate list of
all real property owned by the Company or any of its Domestic Subsidiaries,
showing as of the date hereof the street address, county or other relevant
jurisdiction, and state.  The Company or its Domestic Subsidiaries has good,
marketable and insurable fee simple title to such real property, free and clear
of all Liens, other than Liens created or permitted by the Loan Documents.
<PAGE>

          (g)  Set forth on Schedule III hereto is a list of all Subsidiaries
and the percentage ownership interest of the Company or any Subsidiary therein
as of the Effective Date. The shares of capital stock or other ownership
interests so indicated on Schedule III are fully paid and non-assessable and are
owned by the Company, directly or indirectly, free and clear of all Liens (other
than Liens created under the Security Documents).

          (h)  The Company is investigating the potential merger of GNB
Technologies S.A. into Compagnie Europeene D'Accumulateurs S.A. and GNB
Technologies N.V. into Exide Automotive S.A.

          (i)  The collateral value (comprised of accounts receivable, inventory
and property, plants and equipment) of Spitfire Batteries Limited does not
exceed $700,000, excluding intercompany items.

          (j)  The representations and warranties made by each of the Borrowers
in the Loan Documents are true and correct in all material respects on and as of
the date hereof, after giving effect to the effectiveness of this Amendment, as
if made on and as of the date hereof.

          SECTION 8.  Reference to and Effect on the Loan Documents.
                      ---------------------------------------------

          (a)  On and after the Effective Date, each reference in the Credit
Agreement to "this Agreement", "hereunder", "hereof" or words of like import
referring to the Credit Agreement, and each reference in the Notes and the other
Loan Documents to "the Credit Agreement", "thereunder", "thereof" or words of
like import referring to the Credit Agreement, shall mean and be a reference to
the Credit Agreement, as amended and otherwise modified hereby.

          (b)  The Credit Agreement and each of the other Loan Documents, except
to the extent of the amendments and other modifications specifically provided
above, are and shall continue to be in full force and effect and are hereby in
all respects ratified and confirmed.

          (c)  The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of any Lender Party or any Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan
Documents.
<PAGE>

                                       33

          SECTION 9.  Amendment Fee; Other Fees.  The Company shall pay to
                      -------------------------
the Administrative Agent (a) the Amendment Fee equal to 0.25% of the Aggregate
Exposure of each Lender which executes and delivers this Third Amendment and
Waiver to the Loan Documents by December 21, 2001 (provided, that, the
                                                   --------  ----
Administrative Agent may, in its discretion, extend this deadline until December
27, 2001 for the benefit of any Lender which is unable to deliver a signature
page by December 21, 2001 but which has indicated in writing or electronic mail
to the Administrative Agent by December 21, 2001 that it has recommended
approval of the Amendment), payable for the account of each such Lender in
accordance with the schedule described in Section 3.2(g) of the Credit
Agreement, (b) the Administrative Agent's Fee in the amount of $300,000, payable
on the Effective Date, and (c) the Collateral Monitoring Fee in the amount of
$200,000, payable on January 31, 2002.

          SECTION 10. Affirmation of Loan Documents.  Each Loan Party hereby
                      -----------------------------
consents to the modification of the Credit Agreement effected hereby and hereby
acknowledges and agrees that the obligations of such Loan Party contained in the
Loan Documents as modified hereby are, and shall remain, in full force and
effect.

          SECTION 11. GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND
                      -------------
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          SECTION 12. Waiver of Jury Trial.  Each of the Company, the Subsidiary
                      --------------------
Guarantors, the Administrative Agent and the Lender Parties irrevocably waives
all right to trial by jury in any action, proceeding or counterclaim (whether
based on contract, tort or otherwise) arising out of or relating to this
Amendment and Waiver or the actions of the Administrative Agent or any Lender
Party in the negotiation, administration, performance or enforcement thereof.

          SECTION 13. Execution in Counterparts.  This Amendment may be executed
                      -------------------------
by one or more of the parties to this Amendment on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

          SECTION 14. Costs and Expenses.  The Borrower hereby agrees to pay all
                      ------------------
reasonable costs and expenses associated with the preparation, execution,
delivery, administration, and enforcement of this Amendment, including, without
limitation, the fees and expenses of the Administrative Agent's counsel
(including local counsel in foreign jurisdictions) and financial advisor and the
out-of-pocket expenses of the Steering Committee (whether incurred prior to or
after the Effective Date). The Company shall also be required to pay all costs
associated with any field examinations requested by the Administrative Agent. In
addition, the Company agrees to pay all reasonable out-of-pocket costs and
expenses of the Administrative Agent, including, without limitation, fee and
expenses of counsel and financial advisor, and out-of-pocket expenses of the
Steering Committee in connection with any continuing work of the Administrative
Agent and the Steering Committee relating to the Company and the Loan Documents,
provided that, if the Company considers any of the fees or expenses of counsel
--------
or the financial advisor as described in this Section 14 unreasonable, such fees
or expenses shall be
<PAGE>

                                       34

paid by the Company to the Administrative Agent and held in escrow by the
Administrative Agent pending resolution with respect to the disputed amounts.

        [THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY]
<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their respective proper and duly authorized
officers as of the day and year first above written.

                              EXIDE TECHNOLOGIES, as a Borrower and as a
                                Guarantor

                              By:___________________________________
                                 Name:
                                 Title:

                              EXIDE HOLDING EUROPE S.A.
                              COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A.
                              EURO EXIDE CORPORATION LIMITED
                              SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A.
                                 TUDOR A.B.
                              CMP BATTERIJEN B.V.
                              CMP BATTERIES LIMITED
                              DEUTSCHE EXIDE STANDBY GMBH
                              DEUTSCHE EXIDE GMBH
                              MERCOLEC TUDOR B.V.,

                              each as a Borrowing Subsidiary and as a Guarantor

                              By:__________________________________
                                 Name:
                                 Title:
<PAGE>

                              DEUTSCHE EXIDE STANDBY GMBH
                              FULMEN IBERICA S.L.
                              CMP BATTERIES LIMITED
                              CMP BATTERIJEN B.V.
                              CMP BATTERIJEN N.V.
                              EXIDE AUTOMOTIVE BATTERIE GMBH
                              HAGEN BATTERIE AG
                              INDUSTRIA COMPOSIZIONI STAMPATE S.P.A.
                              HAGEN BATTERIJEN B.V.
                              ELECTRO MERCANTIL INDUSTRIAL S.L.
                              EXIDE (DAGENHAM) LIMITED
                              EXIDE FRANCE S.A.S.
                              FULMEN UK LIMITED
                              EXIDE HOLDINGS LIMITED
                              EXIDE AUTOMOTIVE S.A.
                              SOCIEDADE PORTUGUESA DO ACUMULADOR TUDOR S.A.
                              EXIDE DANMARK A/S
                              GEMALA SWEDEN AB
                              CENTRA S.A.
                              FRIEMANN & WOLF BATTERIETECHNIK GMBH
                              EXIDE SONNAK A/S
                              EXIDE AUTOMOTIVE B.V.
                              EXIDE BATTERIES LIMITED
                              B.I.G. BATTERIES LIMITED
                              EXIDE LENDING LIMITED

                              each as a Guarantor, subject to the limitations,
                                 if any, contained in Section 10.1

                              By: ___________________________________
                                  Name:
                                  Title:
<PAGE>

                              EXIDE DELAWARE, LLC
                              GNB BATTERY TECHNOLOGIES JAPAN, INC.
                              ROYAL BATTERY DISTRIBUTORS, LLC

                              Each as a Guarantor, subject to the limitations,
                              if any, contained in Section 10.1

                              By:______________________________________
                                 Name:
                                 Title:

                              By:______________________________________
                                 Name:
                                 Title:
<PAGE>

                              CREDIT SUISSE FIRST BOSTON, as Administrative
                              Agent

                              By:__________________________________
                                 Name:
                                 Title:

                              By:__________________________________
                                 Name:
                                 Title:

<PAGE>

                              Lenders

                              _____________________________________
                              [PRINT NAME OF LENDER]

                              By:__________________________________
                                 Name:
                                 Title:

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