Addendum to the loan agreement dated 02/03/2006
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 and as follows:
§ 2 Interest, term and repayment of loan
1. | The annual interest payable on the loan shall be 6.0 %. |
2. | The term shall be extended by 6 months, thus ending on 31/03/2008. |
3. | The loan shall be repaid on 31/03/2008 into the lender’s account. |
All of the other provisions of the agreement remain unchanged and valid.
Haltern, on September 25, 2007 | |
Signature | |
_____________________________________________ | _____________________________________________ |
DTB Patente GmbH | EDI Exploration Drilling International GmbH |
- Lender - | - Borrower - |