Addendum to Loan Agreement between EDI Exploration Drilling International Holding GmbH and EDI Exploration Drilling International GmbH (February 20, 2008)

Contract Categories: Business Finance › Loan Agreements
Summary

This addendum modifies the existing 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 10 months, with the new repayment date set for December 31, 2008. All other terms of the original agreement remain unchanged. The addendum is effective immediately upon signing by both parties.

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EX-10.68 18 exhibit10-68.htm ADDENDUM TO LOAN AGREEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.68

Addendum to the loan agreement dated 23/02/2007

Extension

LOAN AGREEMENT

between

EDI Exploration Drilling International Holding GmbH
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 -

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 approximately 10 months, ending 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.

Haltern, on 20/02/2008

[Signature]    
     
EDI Holding GmbH   EDI GmbH
Günter Thiemann   Managing Director Christian Runge
- Lender -   - Borrower -