Annex 1 to Corporate Guarantee for EUR 30 Million Umbrella Facility Agreement between Deutsche Bank AG and IPG Laser Group
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Summary
This annex lists the branches and subsidiaries of Deutsche Bank AG that have provided credit facilities to various subsidiaries of the IPG Laser Group under a EUR 30 million Umbrella Facility Agreement dated August 7, 2014. It details the allocation of credit lines, including cash, guarantee, and margin facilities, to IPG Laser Group companies in Italy, Russia, and China. The agreement is signed by representatives of both Deutsche Bank and IPG Photonics, confirming the terms and allocation of the credit facilities.
EX-10.4 5 a104annex1toguaranteeofipg.htm EXHIBIT 10.4 Annex 1 to Guarantee of IPG Laser
Exhibit 10.4
Annex 1 (original version) to the Corporate Guarantee dated 11 August 2014 in the amount of EUR 30 mn. | ||||||||||||
in connection with the Umbrella Facility Agreement with an amount of EUR 30 mn dated 07 August 2014 | ||||||||||||
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 07 August 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 LC | Facility 4 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 | 13,000,000 | 16,000,000 | ||||||||
IPG Photonics (Beijing) Fiber Laser Technology Company Limited | Deutsche Bank Ltd., Beijing, China | 3,000,000 | 3,000,000 | |||||||||
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Total credit lines based on the guarantee | 9,000,000 | 13,000,000 | — | — | 22,000,000 | |||||||
Burbach, 11 August 2014 | Cologne, 7 August 2014 | |||||||||||
Place and date | Place and date | |||||||||||
/s/ Eugene Scherbakov | /s/ Eddy Henning, /s/ Joachim Gartz | |||||||||||
(corporate seal and binding signatures of the Guarantor) | (Deutsche Bank AG Filiale Deutschlandgeschäft) | |||||||||||
/s/ Valentin Gapontsev, Oxford, MA, August 11, 2014 | ||||||||||||
(legally binding signature of IPG Photonics Corporation) | ||||||||||||
