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 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 30/09/2007. | |
| 3. |
The loan shall be repaid on 30/09/2007 into the lender’s account. |
All of the other provisions of the agreement remain unchanged and valid.
Haltern, on 04/01/2007
| Signature | Signature | |
| DTB Patente GmbH | EDI Exploration Drilling International GmbH | |
| - Lender - | - Borrower - |
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