Addendum to Loan Agreement between EDI Exploration Drilling International Holding GmbH and EDI Exploration Drilling International GmbH (June 28, 2008)

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 extended by eight months, making the new due date March 31, 2009. The borrower must repay the loan in full by this date. All other terms of the original agreement remain unchanged.

EX-10.42 6 exhibit10-42.htm ADDENDUM TO LOAN AGREEMENT DATED DECEMBER 29, 2006 Filed by sedaredgar.com - Exploration Drilling International Inc. - Exhibit 10.42

(Euro 2,000.00)

Addendum to the loan agreement dated 29/12/2006

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]