Loan Agreement between Dieter Thiemann Poeppelmannstrasse 4 33428 Harsewinkel as lender and EDI Exploration Drilling International GmbH Goethestrasse 61 45721 Haltern am See as borrower.
between
Xxxxxx Xxxxxxxx
Xxxxxxxxxxxxxxxxxx 0
00000 Xxxxxxxxxxx
as lender
and
EDI Exploration Drilling International GmbH
Xxxxxxxxxxxxx 00
00000 Xxxxxxx am See
as borrower.
| 1. | The lender grants the borrower a loan in the amount of Euro 12,000.00. |
| 2. | The loan shall be paid out by July 18, 2007 at the latest. |
| 3. | The interest rate on the loan shall be 6 %. The interest shall be credited to the loan account held by the borrower at the end of a calendar year. |
| 4. | The loan may be repaid at any time, including in partial amounts. The remainder of the loan must be repaid on December 31, 2008 at the latest. |
Harselwinkel, July 16, 2007
| [Signature] | |
| Borrower | Lender |
| EDI Exploration Drilling International GmbH | Xxxxxx Xxxxxxxx |
