Addendum to Loan Agreement between EDI Exploration Drilling International Holding GmbH and EDI Exploration Drilling International GmbH (February 23, 2008)

Summary

This addendum extends the term of a loan agreement between EDI Exploration Drilling International Holding GmbH (lender) and EDI Exploration Drilling International GmbH (borrower). The new repayment date is December 31, 2008, and the loan must be repaid in full by that date. All other terms of the original agreement remain unchanged. The addendum is effective immediately as of February 23, 2008.

EX-10.69 19 exhibit10-69.htm ADDENDUM TO LOAN AGREEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.69

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 23/02/2008

[Signature]

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