Exhibit 10.28
Annex 1 to the guarantee dated October 10, 2007 in the amount of EUR 15 Mio. By IPG Laser
GmbH, Burbach
The following branches and subsidiaries of Deutsche Bank AG have entered into a business
relationship with subsidiaries of IPG Laser GmbH.
In this context, subsidiaries of IPG Laser GmbH may draw funds within the EUR 15,000,000.—umbrella
credit facility dated Oct. 10, 2007 based on the borrower’s guarantee in the amount of EUR
15,000,000.—as listed below:
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Amount |
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DB |
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Local |
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(in k |
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Cash / |
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branch/subsidiary |
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currency |
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currency) |
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discount |
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Guarantee |
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total |
Total credit facilities IPG Laser GmbH – group,
thereof
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12.000 |
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3.000 |
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15.000 |
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if not
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Exchange
value in
k Euro
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IPG Laser GmbH, Burbach
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Siegen
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8.000 |
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3.000 |
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11.000 |
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Credit lines under guarantee of IPG Laser GmbH |
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IPG Fibertech S.r.l., Via Pisacone, 46, 20025
Legnano (MI), Italy
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Deutsche Bank Spa,
Milano Italy
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1.000 |
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1.000 |
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IRE-Polus NTO, 141190, Fryazino, pl. Vvedenskogo,
Russua
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Deutsche Bank Ltd.,
Moscow, Russia
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3.000 |
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3.000 |
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Total Credit lines based on the borrower’s guarantee
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12.000 |
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3.000 |
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15.000 |
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Burbach, dated March 5, 2009
IPG Laser GmbH
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/ s/ Valentin P. Gapontsev
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legally binding signatures |
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Being guarantor we agree with the above mentioned changes of the facilities within the Credit
Facility Agreement dated Oct. 10, 2007 between IPG Laser GmbH and the bank regarding the Umbrella
Facility in the amount of EUR 15 million. Further we agree with all future changes within the
Umbrella Facility and waive separate information thereof, provided that the allocation to
subsidiaries of IPG Laser GmbH does not exceed an aggregate the amount of EURO 9 million
(cash/discount and / or guarantees).
Burbach, dated March 5, 2009
IPG Photonics Corporation
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legally binding signatures |
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