Drillships Holdings Inc. Trust Company Complex Ajeltake Road Ajeltake Island Majuro Marshall Islands MH96960 Dear Sirs and Madams RE: SENIOR SECURED LOAN CREDIT FACILITY AGREEMENT - WAIVER LETTERSenior Secured Loan Credit Facility Agreement • February 21st, 2014 • Ocean Rig UDW Inc. • Drilling oil & gas wells • Marshall Islands
Reference is made to the facility agreement dated 15 April 2011 (the "Loan Agreement") and entered into, inter alia, yourselves as borrower, Nordea Bank Finland Plc, London Branch as agent and the banks and financial institutions listed therein as lenders (including ourselves) (the "Lenders"), pursuant to which the Lenders have agreed to make available a facility of up to USD 800,000,000, subject to the terms and conditions set out therein. Expressions used in this letter shall bear the same meaning as set out in the Loan Agreement unless the context otherwise requires.
