Addendum to Loan Agreement between DTB Patente GmbH and EDI Exploration Drilling International GmbH (Extension)

Contract Categories: Business Finance Loan Agreements
Summary

DTB Patente GmbH (lender) and EDI Exploration Drilling International GmbH (borrower) have agreed to extend the term of their existing loan agreement by 12 months, with the new repayment date set for January 28, 2009. All other terms of the original agreement remain unchanged. This addendum is effective immediately as of January 22, 2008.

EX-10.67 17 exhibit10-67.htm ADDENDUM TO LOAN AGREEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.67

Addendum to the loan agreement dated 28/01/2007

Extension

LOAN AGREEMENT

between

DTB Patente GmbH
represented by the Managing Director
Rainer Rotthäuser
Goethestrasse 59, 45721 Haltern am See

- in the following referred to as lender -

and

EDI Exploration Drilling International GmbH
represented by the Managing Director
Günter Thiemann
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 12 months and ends on 28/01/2009.

  3.

The loan shall be repaid on 28/01/2009 into the lender’s account.

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

Haltern, on 22/01/2008

    [Signature]
     
DTB Patente GmbH   EDI Exploration Drilling International GmbH
- Lender -   - Borrower -