Loan Agreement between Dieter Thiemann and EDI Exploration Drilling International GmbH for EUR 6,500

Contract Categories: Business Finance Loan Agreements
Summary

This agreement is between Dieter Thiemann (lender) and EDI Exploration Drilling International GmbH (borrower). Mr. Thiemann is lending EUR 6,500 to EDI, with the loan to be paid out by January 22, 2008. The loan carries a 6% annual interest rate, with interest credited to the borrower's loan account at year-end. The borrower can repay the loan, in full or in part, at any time, but must repay any remaining balance by December 31, 2008.

EX-10.65 15 exhibit10-65.htm LOAN AGREEMENT FOR EUR 6,500 Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.65

Loan Agreement

between

Mr. Dieter Thiemann
Pöppelmannstrasse 4
33428 Harsewinkel

- in the following referred to as lender -

and

EDI Exploration Drilling International GmbH
Goethestraße 61
45721 Haltern am See

- in the following referred to as borrower -

  1.

The lender grants the borrower a loan in the amount of EUR 6,500.00.

     
  2.

The loan shall be paid out by 22/01/2008, at the latest.

     
  3.

Interest payable on the loan will be 6.0%. At the end of one calendar year, the interest will be credited to the loan account of the borrower.

     
  4.

The loan may be repaid, even in partial amounts, at any time. The residual loan amount shall be repaid, at the latest, by 31/12/2008.

Münster, 18/01/2008

[Signature]    
     
Borrower -   - Lender -
EDI Exploration Drilling International GmbH   Dieter Thiemann