Addendum to Loan Agreement between EDI Exploration Drilling International Holding GmbH and EDI Exploration Drilling International GmbH (Extension to March 31, 2009)

Summary

This addendum extends the term of a loan agreement between EDI Exploration Drilling International Holding GmbH (lender) and EDI Exploration Drilling International GmbH (borrower). The repayment date for the loan is now set for March 31, 2009, with all other terms of the original agreement remaining unchanged. Both parties are represented by their respective managing directors. The addendum is effective immediately as of June 28, 2008.

EX-10.28 3 exhibit10-28.htm ADDENDUM TO LOAN AGREEMENT DATED JULY 15, 2006 Filed by sedaredgar.com - Exploration Drilling International Inc. - Exhibit 10.28

(Euro 20,000.00)

Addendum to the loan agreement dated 15/07/2006

Extension

LOAN AGREEMENT

between

EDI Exploration Drilling International Holding GmbH
Represented by Managing Director
Günter Thiemann
Goethestrasse 61
45721 Haltern am See

- in the following referred to as lender -

and

EDI Exploration Drilling International GmbH
represented by the Managing Director
Christian Runge
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

	2.	The term shall be extended by 8 months and ends on 31/03/2009.
	3.	The loan shall be repaid on 31/03/2009 into the lender’s account.

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

Haltern, 28/06/2008

[Signature]

EDI Holding GmbH		EDI GmbH
Günter Thiemann		Christian Runge
- Lender -		- Borrower -

[File name]