EX-10.47 5 exhibit10-47.htm ADDENDUM TO LOAN AGREEMENT Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.47

Addendum to the loan agreement dated 28/10/2006

Extension

LOAN AGREEMENT

between

EDI Exploration Drilling International Holding GmbH
Goethestrasse 61
45721 Haltern am See

- in the following referred to as lender -

and

EDI Exploration Drilling International GmbH
represented by the managing director
Günter Thiemann
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

2.

The term shall be extended by approx. 7 months, thus ending on 30/06/2008.

   
3.

The loan shall be repaid on 30/06/2008 into the lender’s account.

All of the other provisions of the agreement remain unchanged and valid.

Haltern, on September 1, 2007  
   
   
Signature Signature
_________________________________________ _________________________________________ 
EDI Holding GmbH EDIU GmbH
Günterh Thiemann Managing director, Rainer Rotthäuser
- Lender - - Borrower -