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) | ||||||||||||