Waiver and Consent to Standstill Agreement among GNB Battery Technologies Japan, Inc., Standstill Lenders, and Credit Suisse First Boston

Summary

This agreement, dated March 28, 2003, is a waiver and consent to a prior Standstill Agreement and Credit Agreement among GNB Battery Technologies Japan, Inc., its subsidiaries, certain lenders, and Credit Suisse First Boston as administrative agent. It allows specific transactions, such as the liquidation of certain subsidiaries and temporary retention of excess cash in foreign accounts, subject to conditions and time limits. The waiver is effective once all parties sign and certain requirements are met, and it includes assurances that the parties are authorized and in compliance with applicable laws.

EX-4.24 6 dex424.txt WAIVER AND CONSENT TO THE STANDSTILL AGREEMENT Exhibit 4.24 EXECUTION COPY WAIVER AND CONSENT TO THE STANDSTILL AGREEMENT WAIVER AND CONSENT TO THE STANDSTILL AGREEMENT, dated as of March 28, 2003 (this "Waiver and Consent"), to the Standstill Agreement and Fifth Amendment to the Credit Agreement dated as of April 15, 2002 (as amended, supplemented or otherwise modified from time to time, the "Standstill Agreement"), among the Borrowing Subsidiaries signatories thereto, the Foreign Subsidiary Guarantors signatories thereto, GNB Battery Technologies Japan, Inc., (GNB Battery Technologies Japan, Inc., together with the Borrowing Subsidiaries and the Foreign Subsidiary Guarantors, the "Standstill Parties"), the Standstill Lenders (as defined in the Credit Agreement), Credit Suisse First Boston, as administrative agent (in such capacity, the "Administrative Agent") for the Standstill Lenders, and others. PRELIMINARY STATEMENTS (1) The Company has requested that the DIP Lenders waive compliance with certain provisions of the Post-Petition Credit Agreement, including waivers of certain of the Cross Referenced Covenants incorporated by reference in the Standstill Agreement and that certain transactions be permitted as more particularly set forth herein. (2) The Standstill Parties have requested that the Standstill Lenders permit certain transactions as requested by the Standstill Parties. The Standstill Lenders are willing to consent to such transactions upon and subject to the terms and conditions hereinafter set forth. NOW, THEREFORE, the parties hereto hereby agree as follows: SECTION 1. Defined Terms. Terms defined in the Standstill Agreement or the Credit Agreement and used herein shall have the meanings given to them in the Standstill Agreement or the Credit Agreement, as applicable. SECTION 2. Waiver and Consent. Effective as of the Effective Date (as defined below) and subject to the terms and conditions set forth herein, the Required Standstill Lenders hereby: (a) waive the requirements of Cross-Referenced Covenant 8.7 in Section 6 of the Standstill Agreement (as such Cross-Referenced Covenant was set forth in the Post-Petition Credit Agreement as in effect prior to the Third Amendment and Waiver to the Post-Petition Credit Agreement) solely to: (i) consent to the liquidation of GNB Technologies OY followed by the distribution of its assets to its parent, Exide OY; (ii) consent to the liquidation of GNB Technologies N.V. followed by the assumption of its loan to Mercolec Tudor B.V. by its parent, EHE; and 2 (b) temporarily waive any Standstill Event that has occurred or may occur pursuant to Section 6 and 8(v) of the Standstill Agreement due to the retention of cash and Cash Equivalents in accounts located outside of the United States in an aggregate amount in excess $20,000,000 in breach of the requirements of Section 8.12(a) of the Post-Petition Credit Agreement and the resultant Event of Default (as defined in the Post-Petition Credit Agreement) pursuant to Section 9.1(d)(i) of the Post-Petition Credit Agreement; provided however, that the waiver granted pursuant to this clause (b) shall cease to be in effect and the aggregate amount in such foreign accounts shall be tested as set forth in the Post-Petition Credit Agreement and as incorporated into the Standstill Agreement by Section 6 thereof on the earlier to occur of (i) June 30, 2003 or (ii) the date on which the aggregate amount in such foreign accounts exceeds $48,000,000; provided further, that, on or before the last Business Day of each calendar month, the Standstill Parties shall use their reasonable best efforts (subject to applicable legal and contractual restrictions and cash requirements) to apply such cash and Cash Equivalents in excess of $20,000,000 to the repayment of all Foreign Intercompany Loans (as defined in the Post-Petition Credit Agreement) pursuant to the Post-Petition Credit Agreement. SECTION 3. Conditions to Effectiveness. This Waiver and Consent shall be effective on the date on which the Administrative Agent shall have signed this Waiver and Consent and all of the following conditions precedent have been satisfied (the "Effective Date"): (a) Certain Documents. The Administrative Agent shall have received on or before the Effective Date all of the following, each of which shall be in form and substance satisfactory to the Administrative Agent: (i) this Waiver and Consent, executed and delivered by (x) sufficient Standstill Lenders to constitute the Required Standstill Lenders, (y) each of the Standstill Parties and (z) the Administrative Agent; and (ii) such additional documentation as the Administrative Agent may reasonably require. (b) Corporate and Other Proceedings. All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Waiver and Consent shall be satisfactory in all respects in form and substance to the Administrative Agent. (c) No Events of Default. After giving effect to this Waiver and Consent, no Standstill Event shall have occurred and be continuing, and the representations and warranties contained in the Standstill Agreement shall be correct in all material respects as though made on and as of the Effective Date. (d) Payment of Costs, Fees and Expenses. All accrued and unpaid fees and expenses of the Administrative Agent in connection with this Waiver and Consent including, without limitation, the unpaid fees and expenses of counsel to the Administrative Agent (including United States and local counsel in foreign jurisdictions) shall have been paid. SECTION 4. Representations and Warranties. To induce the Standstill Lenders parties hereto to enter into this Waiver and Consent, each of the Standstill Parties hereby 3 represents and warrants to the Administrative Agent and all of the Standstill Lenders the following: (a) The execution, delivery and performance by each Standstill Party of this Waiver and Consent and the Loan Documents to which it is a party, as waived hereby, are within such Standstill Party's corporate powers, have been duly authorized by all necessary corporate action, and do not (1) contravene such Standstill Party's Constituent Documents, (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 Standstill Party, or (iii) conflict with or result in the breach of, or constitute a default under, any Contractual Obligation, including, without limitation, the bilateral loan documents, of EHE, EHA or any of their Subsidiaries. As of the Effective Date, no Standstill Party 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 Standstill Parties in connection with the execution and delivery, or performance by any Standstill Party of any of its obligations under the Waiver and Consent and the Standstill Agreement, as amended or otherwise modified hereby. (c) The Waiver and Consent has been duly executed and delivered by each Standstill Party, and is the legal, valid and binding obligation of such Standstill Party, enforceable against such Standstill 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 Standstill Party has an existing claim against any Standstill Lender arising out of, relating to or in connection with the Loan Documents. (e) As of the Effective Date, EHE is not in breach of, or in default under, the DM Agreement, and no Foreign Subsidiary is in breach of, or in default under, any other Contractual Obligation, binding on or affecting any Foreign Subsidiary or any of their properties, where the consequence of such default is to confer rights upon any person against such Foreign Subsidiary which, if exercised, can be reasonably expected to have a Material Adverse Effect. (f) The representations and warranties made by each of the Standstill Parties 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 Waiver and Consent, as if made on and as of the date hereof. (g) Each Standstill Party hereby represents and warrants to the Standstill Lenders and the Administrative Agent that as of the date hereof, and after giving effect to the waiver contained herein, (a) no Standstill Event under the Standstill Agreement shall have occurred and 4 be continuing and (b) all of the representations and warranties of such Standstill Party contained in Section 12 of the Standstill Agreement and in any other Loan Document are, as of the date of execution hereof, true and correct in all material respects, as though made on and as of such date (other than representations and warranties in any such Loan Document expressly limited to a specific date). SECTION 5. Reference to and Effect on the Loan Documents. (a) On and after the Effective Date, each reference in the Standstill Agreement to "this Agreement", "hereunder", "hereof' or words of like import referring to the Standstill Agreement and each reference in the Credit Agreement and other Loan Documents to "the Standstill Agreement", "thereunder", "thereof" or words of like import referring to the Standstill Agreement, shall mean and be a reference to the Standstill Agreement as amended and otherwise modified hereby. (b) The Standstill Agreement, the Credit Agreement and each of the other Loan Documents, except to the extent of the waivers 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 Waiver and Consent shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Standstill Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. (d) This Waiver and Consent is and shall be a Loan Document. SECTION 6. Affirmation of Loan Documents. Each Standstill Party, in its capacity as a Guarantor or otherwise, hereby consents to the modification of the Standstill Agreement effected hereby and hereby acknowledges and agrees that the terms of this Waiver and Consent shall not affect in any way its Obligations and liabilities under the Credit Agreement, including under its Guarantee, the Standstill Agreement or any other Loan Document to which it is a party, all of which Obligations and liabilities shall remain in full force and effect and each of which is hereby reaffirmed. SECTION 7. GOVERNING LAW. THIS WAIVER AND CONSENT 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 8. Waiver of Jury Trial. Each of the Standstill Parties, the Administrative Agent and the Standstill Lenders 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 Waiver and Consent or the actions of the Administrative Agent or any Standstill Lender in the negotiation, administration, performance or enforcement thereof SECTION 9. Execution in Counterparts. This Waiver and Consent may be executed by one or more of the parties to this Waiver and Consent on any number of separate 5 counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page to this Waiver and Consent by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Waiver and Consent. SECTION 10. Costs and Expenses. EHE hereby agrees to pay, and each of the other Foreign Subsidiary Guarantors guarantees payment (subject to the exceptions set forth in Schedule 10.1 of the Credit Agreement) of, all reasonable costs and expenses associated with the preparation, execution, delivery, administration, and enforcement of this Waiver and Consent, 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 (in each case, whether incurred prior to or after the Effective Date). [THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY] IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Consent to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. Each of the following Subsidiaries as a Borrowing Subsidiary and as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement EXIDE HOLDING EUROPE S.A. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: President COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A. By: ----------------------------------------- Name: Title: EURO EXIDE CORPORATION LIMITED By: ----------------------------------------- Name: Title: SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: TUDOR A.B. By: ----------------------------------------- Name: Title: IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Consent to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. Each of the following Subsidiaries as a Borrowing Subsidiary and as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement EXIDE HOLDING EUROPE S.A. By: ----------------------------------------- Name: Title: COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A.S. By: /s/ Xavier Izarn ----------------------------------------- Name: Xavier Izarn Title: President EURO EXIDE CORPORATION LIMITED By: ----------------------------------------- Name: Title: SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: TUDOR A.B. By: ----------------------------------------- Name: Title: IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Consent to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. Each of the following Subsidiaries as a Borrowing Subsidiary and as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement EXIDE HOLDING EUROPE S.A. By: ----------------------------------------- Name: Title: COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A. By: ----------------------------------------- Name: Title: EURO EXIDE CORPORATION LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: TUDOR A.B. By: ----------------------------------------- Name: Title: IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Consent to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. Each of the following Subsidiaries as a Borrowing Subsidiary and as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement EXIDE HOLDING EUROPE S.A. By: ----------------------------------------- Name: Title: COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A. By: ----------------------------------------- Name: Title: EURO EXIDE CORPORATION LIMITED By: ----------------------------------------- Name: Title: SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A. By: /s/ Illegible ----------------------------------------- Name: ILLEGIBLE Title: SECRETARY OF THE BOARD TUDOR A.B. By: ----------------------------------------- Name: Title: IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Consent to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. Each of the following Subsidiaries as a Borrowing Subsidiary and as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement EXIDE HOLDING EUROPE S.A. By: ----------------------------------------- Name: Title: COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A. By: ----------------------------------------- Name: Title: EURO EXIDE CORPORATION LIMITED By: ----------------------------------------- Name: Title: SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: TUDOR A.B. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Board Directors EXIDE TECHNOLOGIES NEDERLAND B.V. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Managing Director CMP BATTERIES LIMITED By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE STANDBY GMBH By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE GMBH By: ----------------------------------------- Name: Title: MERCOLEC TUDOR B.V. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Managing Director EXIDE TECHNOLOGIES NEDERLAND B.V. By: ----------------------------------------- Name: Title: CMP BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR DEUTSCHE EXIDE STANDBY GMBH By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE GMBH By: ----------------------------------------- Name: Title: MERCOLEC TUDOR B.V. By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES NEDERLAND B.V. By: ----------------------------------------- Name: Title: CMP BATTERIES LIMITED By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE STANDBY GMBH By: /s/ J. Wensel ----------------------------------------- Name: J. Wensel Title: Managing Director DEUTSCHE EXIDE GMBH By: ----------------------------------------- Name: Title: MERCOLEC TUDOR B.V. By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES NEDERLAND B.V. By: ----------------------------------------- Name: Title: CMP BATTERIES LIMITED By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE STANDBY GMBH By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE GMBH By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Managing Director MERCOLEC TUDOR B.V. By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES NEDERLAND B.V. By: ----------------------------------------- Name: Title: CMP BATTERIES LIMITED By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE STANDBY GMBH By: ----------------------------------------- Name: Title: DEUTSCHE EXIDE GMBH By: ----------------------------------------- Name: Title: MERCOLEC TUDOR B.V. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Director Each of the following Subsidiaries as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement CHLORIDE MOTIVE POWER IBERICA S.L. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: SECRETARY OF THE BOARD CMP BATTERIJEN N.V. By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE BATTERIE GMBH By: ----------------------------------------- Name: Title: HAGEN BATTERIE AG By: ----------------------------------------- Name: Title: ELECTRO MERCANTIL INDUSTRIAL S.L. By: /s/ Illegible ----------------------------------------- Name: Illegible Title: SECRETARY OF THE BOARD EXIDE (DAGENHAM) LIMITED By: ----------------------------------------- Name: Title: Each of the following Subsidiaries as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement CHLORIDE MOTIVE POWER IBERICA S.L. By: ----------------------------------------- Name: Title: CMP BATTERIJEN N.V. By: /s/ Marco Seheepers ----------------------------------------- Name: Marco Seheepers Title: Director By: ----------------------------------------- Name: Walter De Witte Title: Director EXIDE AUTOMOTIVE BATTERIE GMBH By: ----------------------------------------- Name: Title: HAGEN BATTERIE AG By: ----------------------------------------- Name: Title: ELECTRO MERCANTIL INDUSTRIAL S.L. By: ----------------------------------------- Name: Title: Each of the following Subsidiaries as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement CHLORIDE MOTIVE POWER IBERICA S.L. By: ----------------------------------------- Name: Title: CMP BATTERIJEN N.V. By: ----------------------------------------- Name: Marco Seheepers Title: Director By: /s/ Walter De Witte ----------------------------------------- Name: Walter De Witte Title: Director EXIDE AUTOMOTIVE BATTERIE GMBH By: ----------------------------------------- Name: Title: HAGEN BATTERIE AG By: ----------------------------------------- Name: Title: ELECTRO MERCANTIL INDUSTRIAL S.L. By: ----------------------------------------- Name: Title: Each of the following Subsidiaries as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement CHLORIDE MOTIVE POWER IBERICA S.L. By: ----------------------------------------- Name: Title: CMP BATTERIJEN N.V. By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE BATTERIE GMBH By: /s/ Stefan Noll ----------------------------------------- Name: Stefan Noll Title: Managing Director HAGEN BATTERIE AG By: /s/ Stefan Noll ----------------------------------------- Name: Stefan Noll Title: Managing Director ELECTRO MERCANTIL INDUSTRIAL S.L. By: ----------------------------------------- Name: Title: EXIDE (DAGENHAM) LIMITED By: ----------------------------------------- Name: Title: Each of the following Subsidiaries as a Guarantor, subject to the limitations, if any, contained in Section 10.1 of the Credit Agreement CHLORIDE MOTIVE POWER IBERICA S.L. By: ----------------------------------------- Name: Title: CMP BATTERIJEN N.V. By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE BATTERIE GMBH By: ----------------------------------------- Name: Title: HAGEN BATTERIE AG By: ----------------------------------------- Name: Title: ELECTRO MERCANTIL INDUSTRIAL S.L. By: ----------------------------------------- Name: Title: EXIDE (DAGENHAM) LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR FULMEN UK LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR EXIDE AUTOMOTIVE S.A By: ----------------------------------------- Name: Title: SOCIEDADE PORTUGUESA DO ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: EXIDE DANMARK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIES AB By: ----------------------------------------- Name: Title: CENTRAL S.A. By: ----------------------------------------- Name: Title: FRIEMANN & WOLF BATTERIETECHNIK GMBH By: ----------------------------------------- Name: Title: EXIDE (DAGENHAM) LIMITED By: ----------------------------------------- Name: Title: FULMEN UK LIMITED By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE S.A. By: /s/ Marco Scheepers ----------------------------------------- Name: Marco Scheepers Title: Director By: ----------------------------------------- Name: Walter De Witte Title: Director SOCIEDADE PORTUGUESA DO ACUMULADOR TUDORS S.A. By: ----------------------------------------- Name: Title: EXIDE DANMARK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIER AB By: ----------------------------------------- Name: Title: EXIDE (DAGENHAM) LIMITED By: ----------------------------------------- Name: Title: FULMEN UK LIMITED By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE S.A. By: ----------------------------------------- Name: Marco Scheepers Title: Director By: /s/ Walter De Witte ----------------------------------------- Name: Walter De Witte Title: Director SOCIEDADE PORTUGUESA DO ACUMULADOR TUDORS S.A. By: ----------------------------------------- Name: Title: EXIDE DANMARK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIER AB By: ----------------------------------------- Name: Title: FULMEN UK LIMITED By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE S.A. By: ----------------------------------------- Name: Title: SOCIEDADE PORTUGUESA DO ACUMULADOR TUDORS S.A. By: ----------------------------------------- Name: Abilio Simoesde Oliveira Phinheiro Title: Director By: ----------------------------------------- Name: Fernando Manuel Pato Marouco Title: Director EXIDE DANMARK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIER AB By: ----------------------------------------- Name: Title: CENTRA S.A. By: ----------------------------------------- Name: Title: FULMEN UK LIMITED By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE S.A. By: ----------------------------------------- Name: Title: SOCIEDADE PORTUGUESA DO ACUMULADOR TUDORS S.A. By: ----------------------------------------- Name: Title: EXIDE DANMARK A/S By: /s/ Bo Lindvan, Christina Edwardsson ----------------------------------------- Name: Bo Lindvan, Christina Edwardsson Title: Board Directors EXIDE BATTERIER AB By: /s/ Bo Lindvan, Christina Edwardsson ----------------------------------------- Name: Bo Lindvan, Christina Edwardsson Title: Board Directors CENTRA S.A. By: ----------------------------------------- Name: Title: FRIEMANN & WOLF BATTERIETECHNIK GMBH By: ----------------------------------------- Name: Title: FULMEN UK LIMITED By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE S.A. By: ----------------------------------------- Name: Title: SOCIEDADE PORTUGUESA DO ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: EXIDE DANMARK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIER AB By: ----------------------------------------- Name: Title: CENTRA S.A. By: /s/ Malgorzara Majewska - Sliwa ----------------------------------------- Name: Malgorzara Majewska - Sliwa Title: Country Manager FRIEMANN & WOLF BATTERIETECHNIK GMBH By: ----------------------------------------- Name: Title: FULMEN UK LIMITED By: ----------------------------------------- Name: Title: EXIDE AUTOMOTIVE S.A. By: ----------------------------------------- Name: Title: SOCIEDADE PORTUGUESA DO ACUMULADOR TUDOR S.A. By: ----------------------------------------- Name: Title: EXIDE DANMARK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIER AB By: ----------------------------------------- Name: Title: CENTRA S.A. By: ----------------------------------------- Name: Title: FRIEMANN & WOLF BATTERIETECHNIK GMBH By: /s/ Johannes CorneliBen ----------------------------------------- Name: Johannes CorneliBen Title: Managing Director EXIDE SONNAK A/S By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Board Director EXIDE BATTERIES LIMITED By: ----------------------------------------- Name: Title: B.I.G. BATTERIES LIMITED By: ----------------------------------------- Name: Title: EXIDE LENDING LIMITED By: ----------------------------------------- Name: Title: EXIDE ITALIA S.R.L. By: ----------------------------------------- Name: Title: INDUSTRIA COMPOSIZIONI STAMPATE, SPA By: ----------------------------------------- Name: Title: EXIDE HOLDINGS LIMITED By: ----------------------------------------- Name: Title: EXIDE SONNAK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR B.I.G. BATTERIES LIMITED By: ----------------------------------------- Name: Title: EXIDE LENDING LIMITED By: ----------------------------------------- Name: Title: EXIDE ITALIA S.R.L. By: ----------------------------------------- Name: Title: INDUSTRIA COMPOSIZIONI STAMPATE, SPA By: ----------------------------------------- Name: Title: EXIDE HOLDINGS LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR EXIDE SONNAK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR B.I.G. BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR EXIDE LENDING LIMITED By: ----------------------------------------- Name: Title: EXIDE ITALIA S.R.L. By: ----------------------------------------- Name: Title: INDUSTRIA COMPOSIZIONI STAMPATE, SPA By: ----------------------------------------- Name: Title: EXIDE HOLDINGS LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR EXIDE SONNAK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIES LIMITED By: ----------------------------------------- Name: Title: B.I.G. BATTERIES LIMITED By: ----------------------------------------- Name: Title: EXIDE LENDING LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: EXIDE ITALIA S.R.L. By: ----------------------------------------- Name: Title: INDUSTRIA COMPOSIZIONI STAMPATE, SPA By: ----------------------------------------- Name: Title: EXIDE HOLDINGS LIMITED By: ----------------------------------------- Name: Title: EXIDE SONNAK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIES LIMITED By: ----------------------------------------- Name: Title: B.I.G. BATTERIES LIMITED By: ----------------------------------------- Name: Title: EXIDE LENDING LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: EXIDE ITALIA S.R.L. By: ----------------------------------------- Name: Title: INDUSTRIA COMPOSIZIONI STAMPATE, SPA By: ----------------------------------------- Name: Title: EXIDE HOLDINGS LIMITED By: ----------------------------------------- Name: Title: EXIDE SONNAK A/S By: ----------------------------------------- Name: Title: EXIDE BATTERIES LIMITED By: ----------------------------------------- Name: Title: B.I.G. BATTERIES LIMITED By: ----------------------------------------- Name: Title: EXIDE LENDING LIMITED By: ----------------------------------------- Name: Title: EXIDE ITALIA S.R.L. By: /s/ Crail H. Muhlhauser ----------------------------------------- Name: CRAIL H. MUHLHAUSER Title: CHAIRMAN & CHIEF EXECUTIVE OFFICER INDUSTRIA COMPOSIZIONI STAMPATE, SPA By: /s/ Crail H. Muhlhauser ----------------------------------------- Name: CRAIL H. MUHLHAUSER Title: CHAIRMAN & CHIEF EXECUTIVE OFFICER EXIDE HOLDINGS LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES HOLDING BY By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Managing Director EXIDE TRANSPORTATION HOLDING EUROPE, SL By: ----------------------------------------- Name: Title: EXIDE AUSTRALIA PTY LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHONLOGIES LIMITED By: ----------------------------------------- Name: Title: EXIDE HOLDING ASIA PTE LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES HOLDING BY By: ----------------------------------------- Name: Title: EXIDE TRANSPORTATION HOLDING EUROPE, SL By: /s/ Jesus Lopez Brea ----------------------------------------- Name: JESUS LOPEZ BREA Title: SECRETARY OF THE BOARD EXIDE AUSTRALIA PTY LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHONLOGIES LIMITED By: ----------------------------------------- Name: Title: EXIDE HOLDING ASIA PTE LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES HOLDING BY By: ----------------------------------------- Name: Title: EXIDE TRANSPORTATION HOLDING EUROPE, SL By: ----------------------------------------- Name: Title: EXIDE AUSTRALIA PTY LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: EXIDE TECHONLOGIES LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: EXIDE HOLDING ASIA PTE LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHNOLOGIES HOLDING BV By: ----------------------------------------- Name: Title: EXIDE TRANSPORTATION HOLDING EUROPE, SL By: ----------------------------------------- Name: Title: EXIDE AUSTRALIA PTY LIMITED By: ----------------------------------------- Name: Title: EXIDE TECHONLOGIES LIMITED By: ----------------------------------------- Name: Title: EXIDE HOLDING ASIA PTE LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: GNB TECHNOLOGIES (CHINA) LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: EXIDE SINGAPORE PTE LIMITED By: /s/ Illegible ----------------------------------------- Name: Title: EXIDE CANADA INC. By: ----------------------------------------- Name: Title: 1036058 ONTARIO INC. By: ----------------------------------------- Name: Title: GNB TECHNOLOGIES LIMITED By: ----------------------------------------- Name: Title: MBD NATIONAL LIMITED By: ----------------------------------------- Name: Title: NATIONAL BATTERY DISTRIBUTION LIMITED By: ----------------------------------------- Name: Title: GNB TECHNOLOGIES (CHINA) LIMITED By: ----------------------------------------- Name: Title: EXIDE SINGAPORE PTE LIMITED By: ----------------------------------------- Name: Title: EXIDE CANADA INC. By: /s/ Molly M. Israel ----------------------------------------- Name: Molly M. Israel Title: Assistant Secretary 1036058 ONTARIO INC. By: /s/ Molly M. Israel ----------------------------------------- Name: Molly M. Israel Title: Assistant Secretary GNB TECHNOLOGIES LIMITED By: ----------------------------------------- Name: Title: MBD NATIONAL LIMITED By: ----------------------------------------- Name: Title: NATIONAL BATTERY DISTRIBUTION LIMITED By: ----------------------------------------- Name: Title: GNB TECHNOLOGIES (CHINA) LIMITED By: ----------------------------------------- Name: Title: EXIDE SINGAPORE PTE LIMITED By: ----------------------------------------- Name: Title: EXIDE CANADA INC. By: ----------------------------------------- Name: Title: 1036058 ONTARIO INC. By: ----------------------------------------- Name: Title: GNB TECHNOLOGIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR MBD NATIONAL LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR NATIONAL BATTERY DISTRIBUTION LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR NORD GROUP LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR OHE LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR SPITFIRE BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR TS BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR GNB TECHNOLOGIES NV By: ----------------------------------------- Name: Title: DETA UK LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR FRIWO BATTERIES LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR NORD GROUP LIMITED By: ----------------------------------------- Name: Title: OHE LIMITED By: ----------------------------------------- Name: Title: SPITFIRE BATTERIES LIMITED By: ----------------------------------------- Name: Title: TS BATTERIES LIMITED By: ----------------------------------------- Name: Title: GNB TECHNOLOGIES NV By: /s/ Macro Scheepers ----------------------------------------- Name: Macro Scheepers Title: Director By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Director DETA UK LIMITED By: ----------------------------------------- Name: Title: FRIWO BATTERIES LIMITED By: ----------------------------------------- Name: Title: GEMALA IRELAND (HOLDINGS) LIMITED By: /s/ Raymond Anthony Clarke ----------------------------------------- Name: RAYMOND ANTHONY CLARKE Title: DIRECTOR GNB BATTERY TECHNOLOGIES JAPAN, INC. As a Guarantor, subject to the limitations, if any, contained in Section 10.1 the Credit Agreement By: /s/ Illegible ----------------------------------------- Name: Title: CREDIT SUISSE FIRST BOSTON, as Administrative Agent By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Director By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Director Lenders AG CAPITAL FUNDING PARTNERS, L.P. By: ANGELO, GORDON & CO., L.P., AS INVESTMENT ADVISOR --------------------------------------------- [Print Name of Lender] By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Managing Director LENDERS Archimedes Funding, LLC By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Philip C. Robbins ----------------------------------------- Philip C. Robbins Vice President Archimedes Funding II, LLC By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Philip C. Robbins ----------------------------------------- Philip C. Robbins Vice President Archimedes Funding III, LLC By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Philip C. Robbins ----------------------------------------- Philip C. Robbins Vice President LENDERS Archimedes Funding IV (CAYMAN), LLC By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Philip C. Robbins ----------------------------------------- Philip C. Robbins Vice President Balanced High-Yield Fund I, Ltd. By: ING Capital Advisors LLC, as Asset Manager By: /s/ Philip C. Robbins ----------------------------------------- Philip C. Robbins Vice President Endurance CLO I, Ltd. By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Philip C. Robbins ----------------------------------------- Philip C. Robbins Vice President Lenders BANCA POPOLARE DI BERGAMO-CV Serl By: Riccardo Sora & Angelo Locatelli ----------------------------------------- Name: Riccardo Sora Angelo Locatelli Title: Deputy General Senior Vice Manager President Lenders /s/ Illegible --------------------------------------------- [Print Name of Lender] BANCO ESPIRITO SANTO, S.A. By ----------------------------------------- Name: Guy Harris Malcolm Morris Title: SENIOR MANAGER ASSISTANT MANAGER Lenders Bank of Montreal --------------------------------------------- By /s/ Mary Lee Latta ----------------------------------------- Name: Mary Lee Latta Title: Director Lenders BLACK DIAMOND CLO 1996-1 LTD. --------------------------------------------- [Print Name of Lender] By /s/ Alan Corkish ----------------------------------------- Name: Alan Corkish Title: Director Lenders BLACK DIAMOND CLO 2000-1 LTD. --------------------------------------------- [Print Name of Lender] By /s/ Alan Corkish ----------------------------------------- Name: Alan Corkish Title: Director Lenders BLACK DIAMOND INTERNATIONAL FUNDING, LTD. --------------------------------------------- [Print Name of Lender] By /s/ Alan Corkish ----------------------------------------- Name: Alan Corkish Title: Director Lenders /s/ Illegible --------------------------------------------- Cargill Financial Services International, Inc. By ----------------------------------------- Name: Rory Oneill Title: Vice President Lenders Centurion CDO I, Ltd. By: American Express Asset Management Group, Inc. as Collateral Manager --------------------------------------------- [Print Name of Lender] By /s/ Leanne Stavrakis ----------------------------------------- Name: Leanne Stavrakis Title: Director - Operations Lenders Citadel Equity Fund Ltd. By: Citadel Limited Partnership, its Portfolio Manager By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By /s/ Adam C. Cooper ----------------------------------------- Name: Adam C. Cooper Title: General Counsel Lenders Citadel Credit Trading Ltd. By: Citadel Limited Partnership, its Portfolio Manager By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By /s/ Adam C. Cooper ----------------------------------------- Name: Adam C. Cooper Title: General Counsel Lenders Concordia Partners, L.P. Acting By And Through Concordia Advisors, L.L.C. [Print Name of Lenders] By /s/ Robert J. Capozzi ----------------------------------------- Name: Robert J. Capozzi Title: Portfolio Manager and Co-head of Distressed Debt Trading Lenders CREDIT INDUSTRIEL ET COMMERCIAL By /s/ Anthony Rock /s/ Sean Mounier ------------------------------------------ Name: Anthony Rock Sean Mounier Title: Vice President First Vice President Lenders Credit Industriel et Commercial, London Branch By /s/ Stuart Rose /s/ Matt Gillard ------------------------------------------ Name: Stuart Rose Matt Gillard Title: Manager Manager Lenders CREDIT SUISSE FIRST BOSTON By /s/ Donald E. Pollard /s/ Illegible ------------------------------------------ Name: Donald E. Pollard Illegible Title: Managing Director Assistant Vice President Lenders CREDIT SUISEE FIRST BOSTON INTERNATIONAL [Print Name of Lender] By /s/ Illegible /s/ Steve Martin ------------------------------------------ Name: Illegible Steve Martin Title: Illegible Vice President Lenders --------------------------------------------- CREDIT SUISSE FIRST BOSTON INTERNATIONAL By /s/ Illegible ------------------------------------------ Name: Title: Lenders CSAM Funding I --------------------------------------------- [Print Name of Lender] By /s/ Illegible ------------------------------------------ Name: DAVID H. LERNER Title: AUTHORIZED SIGNATORY LENDERS EATONVANCE INSTITUTIONAL SENIOR LOANS FUNDS By EATON VANCE MANAGEMENT INVESTMENT ADVISOR --------------------------------------------- [Print Name of Lender] By /s/ Payson F. Swaffield ------------------------------------------ Name: PAYSON F. SWAFFIELD Title: VICE PRESIDENT Lenders SENIOR DEBT PORTFOLIO By: Boston Management and research as investment Advisor --------------------------------------------- [Print Name of Lender] By /s/ Payson F. Swaffield ------------------------------------------ Name: PAYSON F. SWAFFIELD Title: VICE PRESIDENT Lenders EATON VANCE SENIOR INCOME TRUST BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR --------------------------------------------- [Print Name of Lender] B: /s/ Payson F. Swaffield ----------------------------------------- Name: PAYSON F. SWAFFIELD Title: VICE PRESIDENT Lenders Fernwood Associates LP --------------------------------------------- [Print Name of Lender] By /s/ Robert Gaviglio ----------------------------------------- Name: Robert Gaviglio Title: Vice President Lenders First Dominon Funding I --------------------------------------------- [Print Name of Lender] By /s/ David H. Lerner ----------------------------------------- Name: DAVID H. LERNER Title: AUTHORIZED SIGNATORY Lenders First Dominon Funding II --------------------------------------------- [Print Name of Lender] By /s/ David H. Lerner ----------------------------------------- Name: DAVID H. LERNER Title: AUTHORIZED SIGNATORY Lenders GRAYSON & CO BY: BOSTON MANAGEMENT AND RESEARCH AS INVESTMENT ADVISOR --------------------------------------------- [Print Name of Lender] By /s/ Payson F. Swaffield ----------------------------------------- Name: PAYSON F. SWAFFIELD Title: VICE PRESIDENT Lenders KZH CYPRESSTREE-1 LLC --------------------------------------------- [Print Name of Lender] By /s/ Susan Lee ----------------------------------------- Name: SUSAN LEE Title: AUTHORIZED AGENT Lenders KZH ING-2 LLC --------------------------------------------- [Print Name of Lender] By /s/ Susan Lee ----------------------------------------- Name: SUSAN LEE Title: AUTHORIZED AGENT Lenders KZH STERLING LLC --------------------------------------------- [Print Name of Lender] By /s/ Susan Lee ----------------------------------------- Name: SUSAN LEE Title: AUTHORIZED AGENT Lenders KZH WATERSIDE LLC --------------------------------------------- [Print Name of Lender] By: ----------------------------------------- Name: SUSAN LEE Title: ATUHORIZED AGENT Lenders Lehman Brothers Bankhaus AG By: ----------------------------------------- Name: Frank O.Zeitz Markus Bormann Title: Exccutive Dircctor Legal Counsel Lenders Lehman Commercial Paper Inc. --------------------------------------------- [Print Name of Lender] By: /s/ Frank P. Turner ----------------------------------------- Name: Frank P. Turner Title: Authorized Signatory Lenders Lehman Syndicated Loans Inc. --------------------------------------------- [Print Name of Lender] By: /s/ Frank P. Turner ----------------------------------------- Name: Frank P. Turner Title: Authorized Signatory Lenders Morgan Stanley Emerging Markets In --------------------------------------------- [Print Name of Lender] By: /s/ Edgar A. Sabounghi ----------------------------------------- Name: EDGAR A. SABOUNGHI Title: Vice President PUTNAM DIVERSIFIED INCOME TRUST /s/ Illegible ----------------------------------------- By: Illegible Title: Vice President PUTNAM HIGH YIELD TRUST /s/ Illegible ----------------------------------------- By: Illegible Title: Vice President SALOMON BROTHERS HOLDING COMPANY INC. By: /s/ Neyda Darias ----------------------------------------- Name: Neyda Darias Title: Assistant Vice President Lenders SILVER OAK CAPITAL, LLC --------------------------------------------- [Print Name of Lender] By: /s/ Illegible ----------------------------------------- Name: Illegible Title: Managing Director Lender Smoky River CDO, L.P., By RBC Leveraged Capital as Portfolio Advisor By: /s/ Melissa Marano ----------------------------------------- Name: Melissa Marano Title: Partner