First 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 amendment updates the original corporate guarantee dated August 11, 2014, between Deutsche Bank AG and the IPG Laser Group, in connection with a EUR 30 million umbrella facility agreement. It specifies the allocation of credit facilities to various IPG Laser Group subsidiaries in Italy, Russia, and China, detailing the amounts and types of credit available. The agreement is signed by representatives of both Deutsche Bank AG and IPG Photonics Corporation, confirming the updated terms as of October 1, 2015.
EX-10.2 3 a102annex11stamendmenttogu.htm EXHIBIT 10.2 Exhibit
Exhibit 10.2
Annex 1 (1st Amendment) 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 | 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 | |||||||||
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Total credit lines based on the guarantee | 9,000,000 | 5,000,000 | — | — | 14,000,000 | |||||||
Burbach, October 1, 2015 | Cologne, October 1st, 2015 | |||||||||||
Place and date | Place and date | |||||||||||
/s/ Eugene Scherbakov | /s/ Dietmar Amend /s/ Joachim Gartz | |||||||||||
(corporate seal and binding signatures of the Guarantor) | (Deutsche Bank AG Filiale Deutschlandgeschäft) | |||||||||||
/s/ Timothy P.V. Mammen, Oxford, MA, October 1, 2015 | ||||||||||||
(legally binding signature of IPG Photonics Corporation) | ||||||||||||
