Second Amendment to Corporate Guarantee Relating to EUR 30 Million Umbrella Facility Agreement Between Deutsche Bank AG and IPG Laser Group
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Summary
This document is the second amendment to a corporate guarantee originally dated August 11, 2014, for a EUR 30 million umbrella facility agreement between Deutsche Bank AG and subsidiaries of IPG Laser GmbH (the IPG Laser Group). It outlines the allocation of credit facilities among various IPG Laser Group companies in Germany and abroad, specifying the lending offices, facility types, and amounts. The amendment is signed by representatives of both Deutsche Bank AG and IPG Photonics Corporation, confirming the updated terms and credit allocations.
EX-10.2 3 a102annex12ndamendmenttogu.htm EXHIBIT 10.2 SEC Exhibit
Exhibit 10.2
Annex 1 (2nd Amendment) to the Corporate Guarantee dated August 11th, 2014 in the amount of EUR 30 mn. | ||||||||||||
in connection with the Umbrella Facility Agreement with an amount of EUR 30 mn dated 21.07.2014 including the 2nd Amendment dated 18.04.2016 | ||||||||||||
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 | — | 3,000,000 | ||||||||
IRE-Polus NTO, 141190, Fryazino pl. Vvedenskogo, Russia | Deutsche Bank Ltd., Moscow, Russia | 3,000,000 | 5,000,000 | 8,000,000 | ||||||||
IPG Photonics (Beijing) Fiber Laser Technology Company Limited | Deutsche Bank Ltd., Beijing, China | 3,000,000 | 3,000,000 | 6,000,000 | ||||||||
Total credit lines based on the guarantee | 9,000,000 | 5,000,000 | 3,000,000 | 17,000,000 | ||||||||
Oxford, MA, May 19, 2016 | Cologne, 18th April, 2016 | |||||||||||
Place and date | Place and date | |||||||||||
/s/ Eugene Scherbakov | /s/ Frank Gehrmann /s/ Joachim Gartz | |||||||||||
(corporate seal and binding signatures of the Guarantor) | (Deutsche Bank AG Filiale Deutschlandgeschäft) | |||||||||||
/s/ Timothy P.V. Mammen | ||||||||||||
(legally binding signature of IPG Photonics Corporation) | ||||||||||||
