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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 |