Addendum to the loan agreement dated 02/03/2006 Extension LOAN AGREEMENT
Addendum to the loan agreement dated 02/03/2006
Extension
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
Xxxxxx Xxxxxxxx
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 - |