Addendum to Loan Agreement dated June 8, 2005 between Guenter Thiemann (as lender) and EDI Germany (as borrower) extending the due date to July 31, 2008, dated December 25, 2007 (translated from German to English)

Contract Categories: Business Finance - Loan Agreements
EX-10.57 7 exhibit10-57.htm ADDENDUM TO LOAN AGREEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.57

Addendum to the loan agreement dated 08/06/2005

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
Rainer Rotthäuser
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 § 2 paragraphs 2 and 3 as follows:

§ 2 Interest, term and repayment of loan

  2.

The term shall be extended by 7 months, ending on 31/07/2008.

  3.

The loan shall be repaid on 31/07/2008 into the lender’s account.

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

Haltern, on 25/12/2007

[Signature]    
     
Günter Thiemann   EDI Exploration Drilling International Rotthäuser [sic]
- Lender -   Managing Director Rainer Rotthäuser
    - Borrower -