Exhibit 4.83

  

   

  

  
    
      
        
           

          

          SIDE LETTER AGREEMENT

          TO A BAREBOAT CHARTER DATED 19TH NOVEMBER 2018

           

            

          

          

          This Side Letter Agreement (hereinafter called the "Side Letter") is made and entered into this 13th day of December, 2018 by and between:

          

          

          
            
              	(A)	
                      HARPINA OWNING COMPANY LIMITED, a corporation
                          organized and existing under the laws of Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960 Marshall Islands (hereinafter called the "Owners");

                    


            

          

          

          

          
            
              	(B)	
                      SALACIA MARINE INC., a corporation organized and
                          existing  under the laws of Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960 Marshall Islands (hereinafter called the "Charterers"); and

                    


            

          

          

          

          
            
              	(C)	
                      DRYSHIPS INC., a corporation organized and
                          existing under the laws of Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960 Marshall Islands (hereinafter  called the "Charterers' Guarantor")

                    


            

          

          

          

          The Owners, the Charterers and the Charterers' Guarantor are hereinafter collectively called the "Parties"

          

          

          WHEREAS:-

          

          

          
            
              	(A)	
                      By a bareboat charter dated 19th November
                            2018  made between the Owners and the Charterers (the "Bareboat Charter"), the  Owners have agreed  to let. and the Charterers have agreed to take m/v "Xanadu", registered under Malta flag (the "Vessel"), on demise charter upon the terms and conditions
                            contained therein.

                    


            

          

          

          

          
            
              	(B)	
                      The Charterers' Guarantor has guaranteed the obligations of the Charterers under the Bareboat Charter.

                    


            

          

          

          

          
            
              	(C)	
                      By a facility agreement dated 30th September 2016 as amended and supplemented from time to time and entered into between inter alios (i) the Owners, Pliades Owning Company Limited and Corysia Owning Company
                          Limited as joint and several borrowers, (ii) the banks and financial institutions listed therein as lenders (the "KFW Lenders"), (iii) KFW IPEX- Bank GmbH ("KFW") as arranger, agent, security agent and hedging provider and (iv)
                          Capeships Inc., Holdships Inc. as guarantors and (v) Melite Owning Company Limited  as  collateral  owner, the KFW Lenders have made available to the

                    


            

          

          

          

          
            
              


          

          

          

          Borrowers, jointly and severally, a loan of up to Eighty two million seven hundred and sixty
              two thousand five hundred Dollars ($82,762,500) of which the principal amount outstanding as of today is Seventy one million six hundred twenty five thousand dollars ($71,625,000) (the "KFW Facility Agreement").

          

          

          
            
              	(D)	
                      The Charterers wish to purchase and install scrubbers (the "Scrubbers") on
                            board the Vessel at their own cost (the "Scrubber Costs") whereas the Owners at Charterers' instructions are currently under discussions with KFW so as to obtain financing in relation to the Scrubber Costs in the form of an
                            additional tranche-top up facility to the existing KFW Facility Agreement (the "Additional KFW Facility Agreement").

                    


            

          

          

          

          Now therefore, in consideration of the agreements contained herein and for certain other good and valuable
              consideration, it is hereby agreed as follows:

          

          

          
            
              	(1)	
                      The Charterers hereby agree to pay for the Scrubber Costs so as for the
                            Scrubbers to be installed on board the Vessel which shall
                            become the property of the Charterers.

                    


            

          

          

          

          
            
              	(2)	
                      The Charterers, the Charterers' Guarantor and the Owners hereby agree and
                            undertake that in the event that the Additional KFW Facility Agreement is entered into, (i) the Owners shall arrange that any amounts drawn by the Owners  under the Additional KFW Facility Agreement will be immediately paid by the Owners to the Charterers, (ii) the Charterers shall
                            bear all fees, and expenses in relation to the Additional
                            KFW Facility Agreement and (iii) the Parties shall enter into an addendum (if necessary) to the Bareboat Charter so as to reflect certain amendments on the Bareboat Charter on a back to back basis including but not limited to
                            the adjustment of the amounts of the fixed Charterhire A and Charterhire B which shall be increased so as to correspond to the repayment installments under the Additional KFW Facility Agreement.

                    


            

          

          

          

          
            
              	(3)	
                      The Charterers and the Charterers' Guarantor hereby agree and undertake to
                            assist and provide such information and documents reasonably required to enable the Owners to comply with the provisions of the Additional KFW Facility Agreement and also to execute any documentation, addenda and/or notices or acknowledgements in relation to the security to be
                            granted under the Additional KFW Facility Agreement.

                    


            

          

          

          

          
            
              	(4)	
                      This Side Letter shall be governed by and construed in accordance with the laws of England. Any dispute arising out of or in
                            connection with this Side Letter shall be resolved in accordance with the procedures set out in clause 30 of the Bareboat Charter.

                    


            

          

           

            

           

          

         

          

        
          
            


        

         
          IN WITNESS WHEREOF the PARTIES hereto have caused this Side Letter duly executed by their duly authorized officers or attorneys-in-fact
              on the day and year first above written.

          

          

          

          

          	
                  /s/ Dimitrios Glynos

                	 
	
                  HARPINA OWNING COMPANY LIMITED

                	 
	
                  Name:

                	
                  Dimitrios Glynos

                
	
                  Title:

                	
                  Attorney-in-fact

                


          

          

          

          

          

          

          

          

          	
                  /s/ Dimitrios Dreliozis

                	 
	
                  SALACIA MARINE INC.

                	 
	
                  Name:

                	
                  Dimitrios Dreliozis

                
	
                  Title:

                	
                  Attorney-in-fact

                


          

          

          

          

          

          

          

          

          	
                   /s/ Dimitrios Dreliozis

                	 
	
                  DRYSHIPS INC.

                	 
	
                  Name:

                	
                  Dimitrios Dreliozis

                
	
                  Title:

                	
                  Vice President -Finance