Loan Agreement
between
Xx. Xxxxxx Xxxxxxxx
Xxxxxxxxxxxxxxxxx 0
00000
Xxxxxxxxxxx
- in the following referred to as Lender -
and
EDI Exploration Drilling International GmbH
Xxxxxxxxxxxxx
00
00000 Xxxxxxx 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 | Xxxxxx Xxxxxxxx |
