Addendum to Loan Agreement between DTB Patente GmbH and EDI Exploration Drilling International GmbH (Extension to December 31, 2008)

Summary

This addendum modifies a previous loan agreement between DTB Patente GmbH (lender) and EDI Exploration Drilling International GmbH (borrower). The main changes are an extension of the loan term, now ending on December 31, 2008, and confirmation that the loan will be repaid on that date. The interest rate remains at 6% per year. All other terms of the original agreement remain unchanged.

EX-10.20 2 exhibit10-20.htm ADDENDUM TO LOAN AGREEMENT DATED MARCH 2, 2006 Filed by sedaredgar.com - Exploration Drilling International Inc. - Exhibit 10.20

(Euro 90,000)

Addendum to the loan agreement dated 02/03/2006

Extension

LOAN AGREEMENT

between

DTB Patente GmbH
Represented by Managing Director
Rainer Rotthäuser
Goethestrasse 59, 45721 Haltern am See

- in the following referred to as lender -

and

EDI Exploration Drilling International GmbH,
represented by the Managing Director
Günter Thiemann
Goethestrasse 59, 45721 Haltern am See

- in the following referred to as borrower -

Effective immediately, the loan agreement, to which this addendum applies, is changed in § 2 paragraphs 2 and 3 as follows:

§ 2 Interest, term and repayment of loan

	1.	The interest payable on the loan shall be 6.0 percent p.a.
	2.	The term shall be extended by 9 10 months and ends on 31/12/2008.
	3.	The loan shall be repaid on 31/12/2008 into the lender’s account.

All other provisions of the agreement shall remain unchanged and valid.

Haltern, 28/02/2008

		[Signature]

DTB Patente GmbH		EDI Exploration Drilling International GmbH
- Lender -		- Borrower -

[File name]