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LOAN AGREEMENT

between

EDI Exploration Drilling International Holding GmbH
represented by the Managing Director [Geschäftsführer] Günter Thiemann
Goethestrasse 59, 45721 Haltern am See

- in the following referred to as Lender -

and

EDI Exploration Drilling International GmbH represented by
the Managing Director [Geschäftsführer] Christian Runge Goethestrasse
59, 45721 Haltern am See

- in the following referred to as Borrower -

Section 1               
  Granting of loan

| | 1. | The Lender grants the Borrower a loan in the amount
    of
| | -- | ----------------------------------------------------------

Euro          
 11,346.83 (in words: Euro eleven thousand three hundred and forty-six)

| | 2. | The loan shall be paid out by assuming costs according to
      a separate list.
| | -- | --------------------------------------------------------------------------------

Section 2               
  Interest, term and repayment of loan

| | 1. | The annual interest payable on the loan shall be 5.0
      %.                             
| | -- | ------------------------------------------------------------------------------------------
| | 2. | The term of the loan shall be 12 months and shall end on
      September 30, 2009.        
| | 3. | The loan shall be repaid on September 30, 2009 by deposit
      into the Lenders account.

Section 3               
  Early repayment

The Borrower is entitled to repay the loan including
accumulated interest in one lump sum at any time before the end of the term of
the loan. A prepayment penalty shall not be due.

Section 4               
  Extraordinary right of cancellation

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The Lender is entitled to recall the loan effective
immediately, if the Borrowers financial circumstances deteriorate considerably,
thus putting the claim of repayment at risk.

Section 5               
  Securities

The Borrower irrevocably transfers all of his claims as
Managing Director [Geschäftsführer] or shareholder from any benefits, to which
he is entitled, (salary claims, profit distributions, new shares issued, profit
and loss transfers, liquidation proceeds, etc.) to the Lender.

Section 6               
  Supplementary agreements, amendments, severability, executed copies

| | 1. | There are no supplementary agreements. Amendments,
      additions as well as deletions of individual provisions of this agreement
      must be made in writing in order to be effective.                                                                                                                                                  
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                             
| | 2. | Should individual provisions of this agreement be
      invalid, the remainder of the agreement shall not be affected. In this
      case, the parties to the agreement are required to assume that a
      replacement provision has been agreed to, which fulfils the economic
      purpose of the invalid provision as much as possible.
| |    |                                                                                                                                                                                                                                                                                                                                             
| | 3. | This contract shall be issued in duplicate. The Lender
      and the Borrower shall each receive a copy signed by both parties to the
      agreement.                                                                                                                                                                                      

|Haltern, September 30, 2008                         |  |                                            
|--------------------------------------------------- |  | -------------------------------------------
|                                                    |  |                                            
|                                                    |  |                                            
|                                                    |  |                                            
|                                                    |  |                                            
|EDI Exploration Drilling International Holding GmbH |  | EDI Exploration Drilling International GmbH
|Managing Director, Günter Thiemann                  |  | Managing Director, Christian Runge         
|- Lender -                                          |  | - Borrower -                               

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