Third Amendment to Corporate Guarantee Relating to EUR 30 Million Umbrella Facility Agreement between Deutsche Bank AG and IPG Laser Group

Summary

This amendment updates the corporate guarantee originally issued on August 11, 2014, in connection with a EUR 30 million umbrella facility agreement between Deutsche Bank AG and subsidiaries of IPG Laser GmbH. It details the allocation of credit facilities to various IPG Laser Group companies in Germany and abroad, specifying the amounts and types of credit available. The agreement is signed by representatives of IPG Laser GmbH, Deutsche Bank AG, and IPG Photonics Corporation, and outlines the ongoing financial arrangements and obligations among the parties.

EX-10.2 3 ex-102q32016.htm EXHIBIT 10.2 Exhibit



Annex 1 (3rd Amendment) to the Corporate Guarantee dated August 11th, 2014 in the amount of EUR 30 mn
in connection with the Umbrella Facility Agreement in the amount of EUR 30 mn dated 21.07.2014 including the 1st Amendment dated 01.10.2015, the 2nd Amendment dated 18.04.2016 and the 3rd Amendment dated 21.09.2016 (the "Umbrella Facility Agreement")

The following branches and subsidiaries of Deutsche Bank AG ("Lending Offices") have entered into business relationship
with the subsidiaries of IPG Laser GmbH (named hereinafter "IPG Laser Group")

In this context the following facilities of the Umbrella Credit Agreement dated 21.07.2014 have been allocated
inter alia for the use of the companies listed hereafter:

Summary of credit agreements for the IPG Laser Group of companies in Germany and abroad:

Debtor	Lending Office	local currency	amount (in currency)	Facility 1 Cash	Facility 2 Guarantee	Facility 3 Margin Line	total
if not in EURO convert to EURO

IPG Photonics (Italy) s.r.l., Via Kennedy 21, 20023 Cerro Maggiore (Milano), Italy	Deutsche Bank Spa, Milano, Italy			3,000,000	0	0	3,000,000
IRE-Polus NTO, 141190, Fryazino pl. Vvedenskogo, Russia	Deutsche Bank Ltd., Moscow, Russia			0	0	0	0
IPG Photonics (Beijing) Fiber Laser Technology Company Limited	Deutsche Bank Ltd., Beijing, China			2,000,000	1,000,000	7,000,000	10,000,000
							0
							0
							0
							0
							0
							0
							0
Total credit lines based on the guarantee				5,000,000	1,000,000	7,000,000	13,000,000



Burbach, November 1, 2016		Köln, 21st September 2016
Place and date		Place and date

/s/ Eugene Scherbakov
IPG Laser GmbH		/s/ Bolo Baedorf /s/ Joachim Gartz
(legally binding signatures of the Guarantor)		(Deutsche Bank AG Filiale Deutschlandgeschäft)


/s/ Timothy P.V. Mammen November 1, 2016
(legally binding signature of IPG Photonics Corporation)