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**LOAN AGREEMENT**

between

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

- in the following referred to as
Lender -

and

Exploration Drilling International GmbH represented by the
Managing Director Christian Runge Goethestrasse 59 in 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        6,019.41 (in
words: Euro six thousand and nineteen)

| | (2) | The loan shall be paid out by transfer into the
      Borrowers account at the Sparkasse Münsterland Ost, branch code 400 501
      50, account number 46 44 46.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------

**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 approximately 9 months and
      ends on 31/12/2008. 
| | (3) | The loan shall be repaid on 31/12/2008 by transfer 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, including before the end of
the term of the loan. A prepayment penalty shall not be due.

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**Section 4       
Extraordinary right of cancellation**

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 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 upon, which effectively 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, on March 30, 2008



|[Signature]                                         |  |                                            
|--------------------------------------------------- |  | -------------------------------------------
|                                                    |  |                                            
|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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