To whom it might concern:
Exhibit 4.98
To whom it might concern:
| From: | DVB Bank SE (acting as Agent on behalf of the Lenders) |
| Date: | 16th of June 2010 |
| Re: | Compliance Confirmation Letter |
We herewith in our capacity as Lenders in Loan Agreement dated 10 September 2007, as amended by a First Supplemental Agreement dated 10 January 2008 and as further amended by a Second Supplemental Agreement dated 23 January 2009, made between (1) Drillship Hydra Owners Inc. and Drillship Paros Owners Inc. as joint and several borrowers, (2) the banks listed in schedule 1 thereto as lenders, (3) the banks listed in schedule 1 thereto as arrangers and (4) DVB Bank SE (formerly known as DVB Bank AG (“DVB”) as agent, underwriter and security agent, in respect of a loan facility of up to US$230,000,000, (the “Loan Agreement”), herewith confirm that Dryships Inc. (and defined Borrowing entities) are in full compliance with the Loan Agreement (as supplemented / addended from time during the duration of the loan).
This Compliance Confirmation is valid until August 15th, 2010.
Signed:
| /s/ Sjur Agdestein |
/s/ Xxxxxx Xxxxxxxx | |||
| Sjur Agdestein | Xxxxxx Xxxxxxxx | |||
| Managing Director | Vice President | |||
| Offshore Drilling | Offshore Drilling |
| DVB Bank SE Nordic Branch | ||||||||
| Strandgaten 18 | Postbox 701 Sentrum | Phone x00 00 00 00 00 | Norway | Enterprise no. : | ||||
| 5013 Bergen | 5807 Bergen | Fax x00 00 00 00 00 | xxx.xxxxxxx.xxx | 993 205 699 | ||||
