PRELIMINARY STATEMENTS (1) The Company has requested that the DIP Lenders amend and waive compliance with certain provisions of the Post-Petition Credit Agreement, including amendments and waivers of certain of the Cross Referenced Covenants...
Exhibit 4.26
EXECUTION COPY
WAIVER AND CONSENT TO THE STANDSTILL AGREEMENT AND
INTERCREDITOR AGREEMENT
WAIVER AND CONSENT TO THE STANDSTILL AGREEMENT AND INTERCREDITOR
AGREEMENT, dated as of April 10, 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") and the Intercreditor 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 amend and waive
compliance with certain provisions of the Post-Petition Credit Agreement,
including amendments and 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. Unless otherwise specified, 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 to Standstill Agreement. Effective as of
the Effective Date (as defined below) and subject to the terms and conditions
set forth herein, the Required Standstill Lenders hereby waive the requirements
of Cross-Referenced Covenants 8.1, 8.3, 8.4 and 8.6 in Section 6 of the
Standstill Agreement (as such Cross-Referenced Covenants were 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 consent to the following
stock and asset sales and related transactions:
(a) the sale for approximately EUR 15,000,000 in cash or such other
consideration acceptable to the Administrative Agent in its sole discretion (i)
by Deutsche Exide GmbH ("Deutsche Exide") to SAFT Participations S.A. of stock
of ▇▇▇▇▇▇▇▇ & ▇▇▇▇ Batterietechnik GmbH (the "Friwo Sale"); (ii) by Electro
Mercantil Industrial, S.L. of certain of
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its assets to SAFT Batterias, SL; and (iii) by Centra S.A. of certain of its
assets to SAFT Ferak (Czech Republic);
(b) the sale by Sociedad Espanola Del Acumulador Tudor, S.A.("SEAT")
to Metalurgica de ▇▇▇▇▇▇ ▇▇ for approximately EUR 25,000,000 in cash or such
other consideration acceptable to the Administrative Agent in its sole
discretion of (i) a smelter located in San ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇), Spain; and
(ii) a battery breaker in Oxivolt (BonmatiGerona), Spain;
(c) the sale by SEAT to Metalurgica de ▇▇▇▇▇▇ ▇▇ for approximately EUR
10,000,000 in cash or such other consideration acceptable to the Administrative
Agent in its sole discretion of real property in ▇▇▇▇▇ de la Sagra (Madrid),
Spain;
(d) the closures of the Sonular smelter in Azambuja, Portugal and the
▇▇▇▇▇ de la Sagra (Madrid, Spain) smelter;
(e) a loan from EHE to Euro Exide Corporation Limited ("Euro Exide")
in an amount not to exceed the Friwo Sale proceeds;
(f) the sale by BIG Batteries Limited of the Cwmbran, Wales factory
for approximately GBP 1 million; and
(g) the sale of the receivables by Exide Automotive S.A., CMP
Batterijen S.A. and Exide Technologies Nederland B.V. for participation in the
European A/R Facility (as defined in the Post-Petition Credit Agreement).
provided however, that the waiver with respect to the Friwo Sale shall not be
effective if, on the closing date of such transaction, Deutsche Exide has any
outstanding Foreign Intercompany Loans (as defined in the Post-Petition Credit
Agreement) required to be repaid with the proceeds of such transaction; provided
further, that the waivers with respect to (b) and (c) above shall not be
effective if, on the closing dates of such transactions, the amount of Foreign
Intercompany Loans required to be repaid by SEAT with the proceeds of such
transactions exceeds $12.5 million in the aggregate; provided further, that the
waivers with respect to (a), (b) and (c) shall not be effective if such
transactions are consummated later than 60 days, 90 days and 120 days,
respectively, after the Effective Date. The Administrative Agent, in
consultation with the Steering Committee, may waive the requirements of these
provisos.
SECTION 3. Waiver and Consent to Intercreditor Agreement. (a)
Effective as of the Effective Date and subject to the terms and conditions set
forth herein, including but not limited to clause (b) below, to the extent that
Euro Exide borrows amounts based on the inclusion in the Foreign Borrowing Base
of the Net Cash Proceeds of the Foreign Asset Sales (each as defined in the
Intercreditor Agreement) contemplated in Section 2(a)(i) (and, upon receipt of
the consent required by Section 8(c) of this Waiver and Consent, Sections 2(b)
and 2(c)) of this Waiver and Consent (the amount so borrowed from time to time,
the "Foreign Sales Proceeds"), the Required Standstill Lenders and the
Administrative Agent hereby waive the requirements of Section 4.3(b)(ii) of the
Intercreditor Agreement solely with respect to the satisfaction of the
Disbursement Condition (as defined in the Intercreditor Agreement) such that,
upon the Scheduled Termination Date (as defined in the Post-Petition Credit
Agreement), to the
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extent that the DIP Lender Claims (as defined in the Post-Petition Credit
Agreement) are not satisfied from the proceeds of the Collateral (as defined in
the Post-Petition Credit Agreement) the Escrow Agent (as defined in the
Intercreditor Agreement) may deliver to the DIP Agent an amount (the "Euro Exide
Eligible Escrow Account Amount") not to exceed the Foreign Sales Proceeds for
application by the DIP Agent to the DIP Lender Claims, provided that, with
respect to any Foreign Sales Proceeds so delivered, the Lenders shall have the
rights set forth in the Intercreditor Agreement including, without limitation,
Section 4.4 of the Intercreditor Agreement. The "Euro Exide Eligible Escrow
Account Amount" as used herein shall mean, on any date of determination, the
lesser of (i) the Foreign Sales Proceeds and (ii) (Term Loan Outstandings +
Revolving Credit Outstandings) - (Domestic Availability + Foreign Availability)
+ Eligible Escrow Account Availability) (as each term is defined in the
Post-Petition Credit Agreement as amended on the effective date of the Fifth
Amendment and Waiver to the Credit Agreement and the Intercreditor Agreement and
calculated, in the case of the Domestic Borrowing Base and the Foreign Borrowing
Base, as of the date of the most recent Borrowing Base Certificate). For the
avoidance of doubt, the Euro Exide Eligible Escrow Account Amount shall be zero
if such calculation yields a negative number.
(b) Notwithstanding any provision of the Post-Petition Credit
Agreement, the waiver of the Disbursement Condition granted pursuant to clause
(a) above shall terminate, upon the Scheduled Termination Date (as defined in
the Post-Petition Credit Agreement) to the extent that the Euro Exide Eligible
Escrow Account Amount is less than or equal to zero.
(c) Effective as of the Effective Date (as defined below) and subject
to the terms and conditions set forth herein, the Required Standstill Lenders
and the Administrative Agent hereby waive the requirements of Section 4.1(b) of
the Intercreditor Agreement so as to permit Electro Mercantil Industrial, S.L.
and Centra S.A. to apply the proceeds of the sales described in Section 2(a)(ii)
and (iii) above towards the DIP Lender Claims as required by Section 4.3 of the
Intercreditor Agreement immediately upon receipt.
(d) Effective as of the Effective Date (as defined below) and subject
to the terms and conditions set forth herein, the Post-Petition Administrative
Agent hereby consents to the release by the Administrative Agent of the pledge
over the shares in ▇▇▇▇▇▇▇▇ & ▇▇▇▇ Batterietechnik GmbH pursuant to Section 5.3
of the Intercreditor Agreement.
SECTION 4. Further Waivers. Upon written request from a Standstill
Party, the Administrative Agent, in consultation with the Steering Committee,
may waive the requirements of the Cross-Referenced Covenants incorporated into
Section 6 of the Standstill Agreement in order to permit any transactions
described in the "Proposed Fourth Amendment Issues" dated March 20, 2003, to the
extent that such transaction is not specifically waived in Section 2 above. Any
waiver granted pursuant to this Section 4 shall be provided to the Lenders.
SECTION 5. Authorization for Lien Release. The Administrative Agent is
hereby irrevocably authorized to release any Lien covering any Property of EHE
or any of its Subsidiaries that is the subject of a Disposition that is
permitted by Section 2 of this Waiver and Consent.
4
SECTION 6. Release of Guarantee. The Obligations of ▇▇▇▇▇▇▇▇ & ▇▇▇▇
Batterietechnik GmbH under its Guarantee shall be released on the later of (a)
the Effective Date and (b) the consummation of the sale contemplated under
Section 2(a)(i) of this Waiver and Consent.
SECTION 7. 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 (w)
sufficient Standstill Lenders to constitute the Required Standstill
Lenders, (x) each of the Standstill Parties (y) the Administrative Agent
and (z) the Escrow Agent and the DIP Agent;
(ii) an executed copy of the Fifth Amendment and Waiver to the
Post-Petition Credit Agreement in form and substance satisfactory to the
Administrative Agent (in consultation with the Steering Committee)
including, without limitation, amendments to Sections 2.9(g) and 2.9(h) of
the Post-Petition Credit Agreement;
(iii) a copy of the notice delivered to ING-BHF Bank in respect
of the pledge of bank account number 4382 of Deutsche Exide (the "BHF
Account") in favor of the DIP Lenders and the Lenders together with
evidence of such delivery and any other evidence or documents necessary to
perfect the security interest in the BHF Account; and
(iv) such additional documentation as the Administrative Agent
may reasonably require.
(b) Waiver and Consent Fee. On the Effective Date, the Standstill
Parties shall have paid to each Standstill Lender that has executed and
delivered this Waiver and Consent prior to the close of business on April 10,
2003, a waiver and consent fee equal to such Standstill Lender's pro rata share
of $200,000 based on such Standstill ▇▇▇▇▇▇'s outstanding Loans as of the
Effective Date.
(c) 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; provided however, that drafts of the resolutions of the shareholder
authorizing the Friwo Sale by Deutsche Exide GmbH and any dividends or other
transfers related to the proceeds thereof, shall be provided to the
Administrative Agent as soon as practicable, and in any event, prior to the
signing of such resolutions.
(d) No Events of Default. After giving effect to this Waiver and
Consent, no Standstill Event and no default under the Intercreditor Agreement
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.
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(e) 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 8. Covenants.
(a) EHE and its Subsidiaries shall procure that the amount of
outstanding Foreign Intercompany Loans (as defined in the Post-Petition Credit
Agreement) required to be prepaid under Section 4.3 of the Intercreditor
Agreement and Section 2.9(h) of the Post-Petition Credit Agreement (i) shall not
exceed $12.5 million, in the case of SEAT, with respect to the proceeds of the
sales contemplated under Sections 2(b) and 2(c), and (ii) in the case of
Deutsche Exide, with respect to the Friwo Sale, no such Foreign Intercompany
Loans shall be outstanding; provided however, that the Administrative Agent, in
consultation with the Steering Committee, may waive this covenant.
(b) EHE and its Subsidiaries shall procure that the proceeds from the
stock and asset sales contemplated under Sections 2(b) and 2(c) above be
deposited into an Escrow Account (as defined in the Intercreditor Agreement) (or
otherwise be deposited as directed by the Administrative Agent in consultation
with the Steering Committee) which shall be the subject of an assignment
agreement or other documentation, in form and substance reasonably satisfactory
to the Administrative Agent, necessary to evidence an effective security
interest in favor of the Administrative Agent in such account.
(c) The Foreign Borrowing Base Subsidiaries shall not request any
borrowings or borrow any amounts under the Post-Petition Credit Agreement based
on the proceeds from the sales described in Sections 2(b) and 2(c), unless the
Administrative Agent, in consultation with the Steering Committee, consents to
such borrowings in writing.
(d) Deutsche Exide shall deposit the proceeds of the Friwo Sale into
the BHF Account, which account is pledged in favor of the DIP Lenders and the
Lenders. Except upon written consent of the Administrative Agent, in
consultation with the Steering Committee, none of Deutsche Exide nor any other
Standstill Party shall transfer, direct transfer, withdraw or otherwise make
payments in any manner from the proceeds of the Friwo Sale in the BHF Account
except to transfer the proceeds of the Friwo Sale to the Escrow Account promptly
upon the execution of such documents as the Administrative Agent may reasonably
request.
(e) The Escrow Agent agrees that immediately upon receipt of the Friwo
Sale proceeds in the Escrow Account, it shall provide written acknowledgment to
the Administrative Agent that it has received such proceeds and is holding them
pursuant to the terms of the Intecreditor Agreement.
6
SECTION 9. Representations and Warranties. To induce the Standstill
Lenders parties hereto to enter into this Waiver and Consent, each of the
Standstill Parties hereby 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 (i) 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, the Standstill Agreement and the
Intercreditor 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 or
the Intercreditor Agreement.
(e) The security interest in the subaccount of the BHF Account which
holds the proceeds from the Friwo Sale constitutes (and will at all times
continue to constitute until released pursuant to the Security Documents under
which it is pledged) a first ranking security interest in respect of the
obligations owed to the DIP Lenders and the Lenders under the Post-Petition
Credit Agreement and the Credit Agreement, respectively.
(f) 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.
7
(g) 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.
(h) 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 waivers contained herein, (a) no Standstill Event
under the Standstill Agreement and no default under the Intercreditor Agreement
shall have occurred and 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 10. Reference to and Effect on the Loan Documents.
(a) On and after the Effective Date, each reference in the Standstill
Agreement or Intercreditor Agreement to "this Agreement", "hereunder", "hereof"
or words of like import referring to the Standstill Agreement or Intercreditor
Agreement, as the case may be, and each reference in the Credit Agreement and
other Loan Documents to "the Standstill Agreement", "the Intercreditor
Agreement", "thereunder", "thereof" or words of like import referring to the
Standstill Agreement or the Intercreditor Agreement, shall mean and be a
reference to the Standstill Agreement or the Intercreditor Agreement, as the
case may be, as amended and otherwise modified hereby.
(b) The Standstill Agreement, the Credit Agreement, the Intercreditor
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 11. Affirmation of Loan Documents. Each Standstill Party, in
its capacity as a Guarantor or otherwise, hereby consents to the modification of
the Standstill Agreement and the Intercreditor Agreement effected hereby and
hereby acknowledges and agrees that the terms of this Waiver and Consent shall
not affect in any way its duties, Obligations and liabilities under the Credit
Agreement, including under its Guarantee, the Standstill Agreement, the
Intercreditor Agreement or any other Loan Document to which it is a party, all
of which duties, Obligations and liabilities shall remain in full force and
effect and each of which is hereby reaffirmed.
SECTION 12. GOVERNING LAW. THIS WAIVER AND CONSENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED
8
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK.
SECTION 13. 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 14. Execution in Counterparts. This Waiver and Consent may be
executed by one or more of the parties to this Waiver and Consent in any number
of separate 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 15. 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: Chairman
COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A.
By:
-----------------------------------------
Name:
Title:
EURO EXIDE CORPORATION LIMITED
By:
-----------------------------------------
Name:
Title:
SOCIEDAD ESPANOLA DEL ACUMULADOR ▇▇▇▇▇ ▇.▇.
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: /s/ Illegible
-----------------------------------------
Name: Illegible
Title: President
EURO EXIDE CORPORATION LIMITED
By:
-----------------------------------------
Name:
Title:
SOCIEDAD ESPANOLA DEL ACUMULADOR ▇▇▇▇▇ ▇.▇.
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/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
SOCIEDAD ESPANOLA DEL ACUMULADOR ▇▇▇▇▇ ▇.▇.
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 ▇▇▇▇▇ ▇.▇.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇ BREA
Title: SECRETARY OF THE BOARD
TUDOR A.B.
By:
-----------------------------------------
Name:
Title:
COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A.
By:
-----------------------------------------
Name:
Title:
EURO EXIDE CORPORATION LIMITED
By:
-----------------------------------------
Name:
Title:
SOCIEDAD ESPANOLA DEL ACUMULADOR ▇▇▇▇▇ ▇.▇.
By:
-----------------------------------------
Name:
Title:
TUDOR A.B.
By: /s/ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: Board Members/Directors
EXIDE TECHNOLOGIES NEDERLAND B.V.
By:
-----------------------------------------
Name:
Title:
CMP BATTERIES LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE TECHNOLOGIES NEDERLAND B.V.
By: /s/ Illegible
-----------------------------------------
Name: Illegible
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/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Director
EXIDE TECHNOLOGIES NEDERLAND B.V.
By:
-----------------------------------------
Name:
Title:
CMP BATTERIES LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
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/ Illegible
-----------------------------------------
Name: Illegible
Title: Managing Director
DEUTSCHE EXIDE GMBH
By: /s/ ▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇▇▇
Title: Managing Director
MERCOLEC TUDOR B.V.
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: /s/ ▇▇▇▇▇ ▇▇▇▇▇-Brea
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Title: SECRETARY OF THE BOARD
CMP BATTERIJEN N.V.
By:
-----------------------------------------
Name:
Title:
EXIDE AUTOMOTIVE BATTERIE GMBH
By:
-----------------------------------------
Name:
Title:
▇▇▇▇▇ BATTERIE AG
By:
-----------------------------------------
Name:
Title:
ELECTRO MERCANTIL INDUSTRIAL S.L.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇-Brea
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
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/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Director
By:
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Title: Director
EXIDE AUTOMOTIVE BATTERIE GMBH
By:
-----------------------------------------
Name:
Title:
▇▇▇▇▇ 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: Director
By: /s/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Title: Director
EXIDE AUTOMOTIVE BATTERIE GMBH
By:
-----------------------------------------
Name:
Title:
▇▇▇▇▇ 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/ ▇▇▇▇▇▇ ▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇
Title: Managing Director
▇▇▇▇▇ BATTERIE AG
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇
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:
▇▇▇▇▇ BATTERIE AG
By:
-----------------------------------------
Name:
Title:
ELECTRO MERCANTIL INDUSTRIAL S.L.
By:
-----------------------------------------
Name:
Title:
EXTDE (DAGENHAM) LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
FULMEN UK LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
EXIDE AUTOMOTIVE S.A.
By:
-----------------------------------------
Name:
Title:
SOCIEDADE PORTUGUESA DO ACUMULADOR ▇▇▇▇▇ ▇.▇.
By:
-----------------------------------------
Name:
Title:
EXIDE DANMARK A/S
By:
-----------------------------------------
Name:
Title:
EXIDE BATTERIER AB
By:
-----------------------------------------
Name:
Title:
CENTRA S.A.
By:
-----------------------------------------
Name:
Title:
▇▇▇▇▇▇▇▇ & ▇▇▇▇ BATTERIETECHNIK GMBH
By:
-----------------------------------------
Name:
Title:
EXIDE (DAGENHAM) LIMITED
By:
-----------------------------------------
Name:
Title:
FULMEN UK LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE AUTOMOTIVE S.A.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Director
By:
---------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Title: Director
SOCIEDAGE PORTUGUESA DO ACUMULADOR ▇▇▇▇▇ ▇.▇.
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: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Director
By: /s/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Title: Director
SOCIEDADE PORTUGUESA DO ACUMULADOR ▇▇▇▇▇ ▇.▇.
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 ▇▇▇▇▇ ▇.▇.
By:
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Director
By:
-----------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇
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 ▇▇▇▇▇ ▇.▇.
By:
-----------------------------------------
Name:
Title:
EXIDE DANMARK A/S
By: /s/ Illegible
-----------------------------------------
Name: Illegible
Title: Illegible
EXIDE BATTERIER AB
By: /s/ Illegible
-----------------------------------------
Name: Illegible
Title: Illegible
CENTRA S.A.
By:
-----------------------------------------
Name:
Title:
FULMEN UK LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE AUTOMOTIVE S.A.
By:
-----------------------------------------
Name:
Title:
SOCIEDADE PORTUGUESA DO ACUMULADOR ▇▇▇▇▇ ▇.▇.
By:
-----------------------------------------
Name:
Title:
EXIDE DANMARK A/S
By:
-----------------------------------------
Name:
Title:
EXIDE BATTERIER AB
By:
-----------------------------------------
Name:
Title:
CENTRA S.A.
By: /s/ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ - ▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ - ▇▇▇▇▇
Title: President of the Board
Illegible
FULMEN UK LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE AUTOMOTIVE S.A.
By:
-----------------------------------------
Name:
Title:
SOCIEDADE PORTUGUESA DO ACUMULADOR ▇▇▇▇▇ ▇.▇.
By:
-----------------------------------------
Name:
Title:
EXIDE DANMARK A/S
By:
-----------------------------------------
Name:
Title:
EXTDE BATTERIER AB
By:
-----------------------------------------
Name:
Title:
CENTRA S.A.
By:
-----------------------------------------
Name:
Title:
▇▇▇▇▇▇▇▇ & ▇▇▇▇ BATTERIETECHNIK GMBH
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: Managing Director
▇▇▇▇▇▇▇▇ & ▇▇▇▇ BATTERIETECHNIK GMBH
By:
-----------------------------------------
Name:
Title:
EXIDE SONNAK A/S
By: /s/ Illegible
-----------------------------------------
Name: Illegible
Title: Illegible
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:
EXIDE SONNAK A/S
By:
-----------------------------------------
Name:
Title:
EXIDE BATTERIES LIMITED
By: /s/ ▇.▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇.▇. ▇▇▇▇▇▇
Title: DIRECTOR
B.I.G. BATTERIES LIMITED
By: /s/ ▇.▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇.▇. ▇▇▇▇▇▇
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/ ▇.▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇.▇. ▇▇▇▇▇▇
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/ ▇▇▇▇▇ ▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇
Title: Director
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/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: CHAIRMAN
INDUSTRIA COMPOSIZIONI STAMPATE, SPA
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: CHAIRMAN
EXIDE HOLDINGS LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE TECHNOLOGIES HOLDING BV
By: /s/ Illegible
-----------------------------------------
Name: Illegible
Title:
EXIDE TRANSPORTATION HOLDING EUROPE, SL
By:
-----------------------------------------
Name:
Title:
EXIDE AUSTRALIA PTY LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE TECHNOLOGIES LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE HOLDING ASIA PTE LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE TECHNOLOGIES HOLDING BV
By:
-----------------------------------------
Name:
Title:
EXIDE TRANSPORTATION HOLDING EUROPE, SL
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ - Brea
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇ - ▇▇▇▇
Title: SECRETARY OF THE BOARD.
EXIDE AUSTRALIA PTY LIMITED
By:
-----------------------------------------
Name:
Title:
EXIDE TECHNOLOGIES LIMITED
By:
-----------------------------------------
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: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: SVP, General Counsel & Secretary
EXIDE TECHNOLOGIES LIMITED
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: SVP, General Counsel & Secretary
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 TECHNOLOGIES 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: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Assistant Secretary
1036058 ONTARIO INC.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
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: /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:
-----------------------------------------
Name:
Title:
1036058 ONTARIO INC.
By:
-----------------------------------------
Name:
Title:
GNB TECHNOLOGIES LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
MBD NATIONAL LIMITED
By: /s/ Illegible
-----------------------------------------
Name:
Title:
NATIONAL BATTERY DISTRIBUTION LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
NORD GROUP LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
OHE LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
SPITFIRE BATTERIES LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
TS BATTERIES LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
GNB TECHNOLOGIES NV
By:
-----------------------------------------
Name:
Title:
DETA UK LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
FRIWO BATTERIES LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
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/ Illegible
-----------------------------------------
Name: Illegible
Title: Member of the Board of Directors
DETA UK LIMITED
By:
-----------------------------------------
Name:
Title:
FRIWO BATTERIES LIMITED
By:
-----------------------------------------
Name:
Title:
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/ Illegible
-----------------------------------------
Name: Illegible
Title: Member of the Board of Directors
DETA UK LIMITED
By:
-----------------------------------------
Name:
Title:
FRIWO BATTERIES LIMITED
By:
-----------------------------------------
Name:
Title:
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/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Directors
By:
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇
Title: Directors
DETA UK LIMITED
By:
-----------------------------------------
Name:
Title:
FRIWO BATTERIES LIMITED
By:
-----------------------------------------
Name:
Title:
GEMALA IRELAND (HOLDINGS) LIMITED
By: /s/ ▇. ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇
Title: DIRECTOR
GNB BATTERY TECHNOLOGIES JAPAN, INC.
As a Guarantor, subject to the limitations,
if any, contained in Section 10.1 of the
Credit Agreement
By: /s/ Illegible
-----------------------------------------
Name:
Title:
CITIBANK USA, INC., as Post-Petition
Administrative Agent
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
CITIBANK USA, INC., as Escrow Agent
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
CREDIT SUISSE FIRST BOSTON, as
Administrative Agent
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Director
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Director
Lenders
AG CAPITAL FUNDING PARTNERS, L.P.
BY: ▇▇▇▇▇▇, ▇▇▇▇▇▇ & CO., L.P.,
AS INVESTMENT ADVISOR
[Print Name of ▇▇▇▇▇▇]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: Managing Partner
Lenders
Alliance Investments Ltd
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Senior Vice President
Lenders
ALPHA BANK A.E.
By /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: GENERAL MANAGER
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: DEPUTY GENERAL MANAGER
Lenders
Archimedes Funding IV (CAYMAN), LLC
By: ING Capital Advisors LLC,
as Collateral Manager
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President
Balanced High-Yield Fund I, Ltd.
By: ING Capital Advisors LLC,
as Asset Manager
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President
Endurance CLO I, Ltd.
By: ING Capital Advisors LLC,
as Collateral Manager
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President
Lenders
Archimedes Funding, LLC
By: ING Capital Advisors LLC,
as Collateral Manager
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President
Archimedes Funding II, LLC
By: ING Capital Advisors LLC,
as Collateral Manager
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President
Archimedes Funding III, LLC
By: ING Capital Advisors LLC,
as Collateral Manager
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President
Lenders
Banco Espinto Santo, S.A.
By: /s/ ▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇ ▇▇▇▇▇▇
Title: SENIOR MANAGER
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇▇▇▇▇▇
ASSISTANT MANAGER
Lenders
BANCA POPOLARE DI BERGAMO-CV S.c.r.l.
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇ /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Deputy General Senior Vice President
Manager
Lenders
Bank of Montreal
[Print Name of Lender]
By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: Director
Lenders
THE BANK OF NOVA SCOTIA
By
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Director
Lenders
BANK ONE, N.A.
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: U.P.
Lenders
BDCM OPPORTUNITY FUND, L.P.
by Black Diamond Capital Management, L.L.C.
Its General Partner
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
BLACK DIAMOND CLO 1996-1 LTD.
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
BLACK DIAMOND CLO 2000-1 LTD.
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
BLACK DIAMOND INTERNATIONAL FUNDING, LTD.
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
Centurion CDO I, Ltd.
By: American Express Asset Management
Group, Inc. as Collateral Manager
[Print Name of ▇▇▇▇▇▇]
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Director - Operations
Lenders
Credit Industriel et Commercial
By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇ /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President First Vice
President
Lenders
Credit Industriel et Commercial,
London Branch
By /s/ ▇▇▇▇▇▇ ▇▇▇▇ /s/ ▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇
Title: Manager Manager
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/ ▇▇▇▇ ▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇ ▇▇▇▇▇▇
Title: Senior Managing Director
& General Counsel
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/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Senior Managing Director
& General Counsel
CITIGROUP FINANCIAL PRODUCTS INC.
By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Assistant Vice President
Lenders
---------------------------------------------
Concordia Partners, L.P. acting and through
Concordia Advisors, L.L.C.
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Portfolio Manager and Co-head of
Distressed Debt Training
Lenders
Illegible
By Illegible
-----------------------------------------
[Print Name of ▇▇▇▇▇▇]
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
CREDIT AGRICOLE INDOSUEZ
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name:
Title:
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
CSAM Funding I
[Print Name of Lender]
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: AUTHORIZED SIGNATORY
Lenders
CREDIT SUISSE FIRST BOSTON INTERNATIONAL
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: Illegible
Lenders
CREDIT SUISSE FIRST BOSTON INTERNATIONAL
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name:
Title:
Lenders
DEUTSCHE BANK AG, NEW YORK BRANCH
By: DB Services, New Jersey, Inc.
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Vice president
By /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Director
Lenders
▇▇▇▇▇ ▇▇▇▇▇ SENIOR INCOME TRUST
BY: ▇▇▇▇▇ ▇▇▇▇▇ MANAGEMENT
AS INVESTMENT ADVISOR
[Print Name of ▇▇▇▇▇▇]
By /s/ ▇▇▇▇▇ ▇. Page
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: VICE PRESIDENT
Lenders
▇▇▇▇▇ ▇▇▇▇▇ INSTITUTIONAL SENIOR LOAN FUND
BY: ▇▇▇▇▇ ▇▇▇▇▇ MANAGEMENT
AS INVESTMENT ADVISOR
[Print Name of ▇▇▇▇▇▇]
By /s/ ▇▇▇▇▇ ▇. Page
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: VICE PRESIDENT
Lenders
SENIOR DEBT PORTFOLIO
BY: Boston Management and Research
as Investment Advisor
[Print Name of ▇▇▇▇▇▇]
By /s/ ▇▇▇▇▇ ▇. Page
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: VICE PRESIDENT
Lenders
Femwood Associates LP
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Vice President
Lenders
First Dominion Funding I
[Print Name of Lender]
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: AUTHORIZED SIGNATORY
Lenders
First Dominion Funding II
[Print Name of Lender]
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: AUTHORIZED SIGNATORY
Lenders
---------------------------------------------
GE Capital CFE, Inc.
By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: Duly Authorized Signatory
Lenders
▇▇▇▇▇▇▇ ▇▇▇▇▇ CREDIT PARTNERS, L.P.
By /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Authorized Signatory
Lenders
▇▇▇▇▇▇▇ & CO
BY: BOSTON MANAGEMENT AND RESEARCH AS
INVESTMENT ADVISOR
---------------------------------------------
[Print Name Of Lender]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: VICE PRESIDENT
Lenders
KZH CYPRESSTREE-1 LLC
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: AUTHORIZED AGENT
Lenders
KZH ING-2 LLC
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: AUTHORIZED AGENT
Lenders
KZH STERLING LLC
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: AUTHORIZED AGENT
Lenders
KZH WATERSIDE LLC
By /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: AUTHORIZED AGENT
Lenders
▇▇▇▇▇▇ BROTHERS BANKHAUS
Illegible
60313 Frankfurt Main
Illegible
[Print Name of ▇▇▇▇▇▇]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: Executive Director
Lenders
▇▇▇▇▇▇ COMMERCIAL PAPER INC.
[Print Name of Lender]
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Authorized Signatory
Lenders
▇▇▇▇▇▇ Syndicated Loans Inc.
[Print Name of Lender]
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Authorized Signatory
Lenders
Monument Capital Ltd., as Assignee
By: Alliance Capital Management L.P.,
as Investment Manager
By: Alliance Capital Management Corporation,
as General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Senior Vice President
Lenders
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Emerging Markets Inc
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name: ILLEGIBLE
Title: VICE PRESIDENT
Lenders
R/2/ Top Hat Ltd.
By Illegible
By Illegible
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: President
Lenders
SCOTIABANK EUROPE PLC
[Print Name of Lender]
By /s/ Illegible
-----------------------------------------
Name: Illegible
Title: DIRECTOR
Lenders
SILVER OAK CAPITAL, LLC
[Print Name of Lender]
By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: MANAGING PARTNER
Lenders
Smoky River CDO, L.P.
By RBC Leveraged Capital as Portfolio Advisor
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Partner
Lenders
TRSI LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Vice President
Lenders
UBS AG, Stamford Branch
By: UBS Warburg LLC, as Agent
By /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Associate Director
Banking Products Services, US
By /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Associate Director
Banking Products Services, US
Lenders
WACHOVIA BANK, NATIONAL ASSOCIATION
[Print Name of Lender]
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: DIRECTOR