Debtor
EX-10.04 4 ex10420140225.htm EXHIBIT Ex 10.4 2014.02.25
Exhibit 10.4
Annex 1 (original version) to the Corporate Guarantee dated 01/ /2014 in the amount of EUR 20 mn. | ||||||
in connection with the Credit Facility Agreement with an amount of EUR 20,000,000.-- dated 06/18/2012 and the 1. Amendment of the Credit Facility Agreement dated 01/17/2014 | ||||||
The following branches and subsidiaries of Deutsche Bank AG ("Lending Offices") have entered into business relationship | ||||||
with the affiliated companies of IPG Laser GmbH. | ||||||
In this context the following facilities of the Credit Facility Agreement with an amount of EUR 20,000,000.-- dated 06/18/2012 and the 1. Amendment of the Credit Facility Agreement dated 01/17/2014 have been allocated | ||||||
inter alia for the use of the companies listed hereafter: | ||||||
Summary of credit agreements for the IPG Laser GmbH group of companies in Germany and abroad: | ||||||
Debtor | Lending Office | local currency | amount (in currency) | Facility 1 Cash | Facility 2 Guarantee | total |
if not in EURO convert to EURO | ||||||
IPG Laser GmbH | Deutsche Bank AG, Cologne, Germany | 1,000,000 € | 2,500,000 € | 3,500,000 € | ||
Credit lines under guarantee of IPG Laser GmbH | ||||||
IPG Photonics (Italy) S.r.l., Via Kennedy 21, 20023 Cerro Maggiore (Milano), Italy | Deutsche Bank Spa, Milano, Italy | 1,500,000 € | 0 € | 1,500,000 € | ||
IRE-Polus NTO, 141190, Fryazino, pl. Vvedenskogo, Russia | Deutsche Bank Ltd., Moscow, Russia | 0 € | 15,000,000 € | 15,000,000 € | ||
Total credit lines based on the guarantee | 2,500,000 € | 17,500,000 € | 20,000,000 € | |||
Burbach, Germany 20 January 2014 | Cologne, 6 January 2014 | |||||
Place and date | Place and date | |||||
IPG Laser GmbH | ||||||
/s/ Eugene Scherbakov | /s/ Eddy Henning /s/ Joachim Gartz | |||||
(corporate seal and binding signatures of the Guarantor) | (Deutsche Bank AG Filiale Deutschlandgeschäft) | |||||
Being guarantor we agree with above mentioned changes of the facilities within the Credit Facility Agreement dated June 18th, 2012 between IPG Laser GmbH and the Bank regarding the Umbrella Facility in the amount of EUR 20 million. Further we agree with all future chanages within the Umbrella Facility and waive separate information thereof, provided that the allocation to subsidiaries of IPG Laser GmbH does not exceed an aggregate amount of EUR 20 million (cash/discount and for guarantees). | ||||||
Oxford, MA USA February 25, 2014 | ||||||
IPG Photonics Corporation | ||||||
/s/ Timothy PV Mammen | ||||||
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