Addendum to Loan Agreement between Günter Thiemann and EDI Exploration Drilling International GmbH (May 2, 2008)

Contract Categories: Business Finance Loan Agreements
Summary

This addendum modifies the original loan agreement between Mr. Günter Thiemann (Lender) and EDI Exploration Drilling International GmbH (Borrower). The main change is an extension of the loan term by about seven months, with the new repayment date set for December 31, 2008. All other terms of the original agreement remain unchanged. Both parties have signed to confirm the amendment.

EX-10.75 6 exhibit10-75.htm ADDENDUM TO LOAN AGREEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.75

Addendum to the Loan Agreement dated May 4, 2006

 Extension

LOAN AGREEMENT

between

Mr. Günter Thiemann
Käthe-Kollwitz-Strasse 23
33428 Harsewinkel

- 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 -

The loan agreement, to which this addendum applies, is changed, effective immediately, in Section 2 paragraphs 2 and 3 as follows:

Section 2        Interest, term and repayment of loan

  2.

The term shall be extended by approximately 7 months and ends on 31/12/2008.

  3.

The loan shall be repaid on 31/12/2008 into the Lender’s account.

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

Münster, May 2, 2008

 

[Signature]    
     
Günter Thiemann   EDI Exploration Drilling International Rotthäuser
- Lender -   Managing Director, Christian Runge
    - Borrower -