Addendum to Loan Agreement between EDI Exploration Drilling International Holding GmbH and EDI Exploration Drilling International GmbH (August 12, 2007)
This addendum modifies a previous loan agreement between EDI Exploration Drilling International Holding GmbH (lender) and EDI Exploration Drilling International GmbH (borrower). The main change is an extension of the loan term by about eight months, with the new repayment date set for March 31, 2009. All other terms of the original agreement remain unchanged. The addendum is effective immediately upon signing by both parties.
(Euro 10,000.00)
Addendum to the loan agreement dated 12/08/2007
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 approximately 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, 04/08/2008
| [Signature] | ||
| EDI Holding GmbH | EDI GmbH | |
| Günter Thiemann | Christian Runge | |
| - Lender - | - Borrower - |
[File name]
