Document:

Registration Rights Agreement

 Exhibit 4.4 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”), is entered into as of March 20, 2012, by and between DryShips Inc., a Marshall Islands corporation (the “Parent”), and Ocean Rig UDW Inc., a Marshall Islands corporation (the
“Company” and together with Parent, the “Parties” and each a “Party”). 

WITNESSETH: 
 WHEREAS, Parent owns an aggregate of 97,301,755 common shares of the Company; 

WHEREAS, it is in the best interests of the Company to set forth non-exhaustive procedures by which the Parent may offer shares of the
Company to the public and therefore increase the liquidity of the Company’s common shares and broaden its investor base; 

WHEREAS, the Parties desire to set forth the Parent’s rights and the Company’s obligation to cause the registration of the
Registrable Securities (as defined below) pursuant to the Securities Act (as defined below). 
 NOW, THEREFORE, in consideration
of the premises, representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, intending to be legally bound hereby, the Parties
hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 
 Section 1.01 Definitions. As used in this
Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined). 
 “Agreement” has the meaning set forth in the preamble hereof. 

“Authorized Officer” means, as applied to any Person, any individual holding the position of chief executive officer,
president or one of its vice presidents (or the equivalent thereof), chief financial officer or treasurer. 

“Board” means the Board of Directors of the Company. 

“Business Day” means any day other than Saturday, Sunday or a day on which banking institutions in the State of New York
or Greece are authorized by law or executive order to close. 
 “Common Shares” means the common shares, par
value $0.01 per share, of the Company. 
 “Company” has the meaning set forth in the preamble hereof.

 “Company Indemnified Persons” has the meaning set forth in Section 2.06(b)(i). 

“Demanding Holders” has the meaning set forth in Section 2.01(a). 

“Demand Notice” has the meaning set forth in Section 2.01(a). 

“Demand Notice Date” has the meaning set forth in Section 2.01(a). 

“Demand Registration” has the meaning set forth in Section 2.01(a). 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended,
together with the rules and regulations promulgated thereunder. 
 “F-3 or S-3 Holders” has the meaning set
forth in Section 2.02(a). 
 “F-3 or S-3 Notice” has the meaning set forth in Section 2.02(a).

 “F-3 or S-3 Notice Date” has the meaning set forth in Section 2.02(a). 

“Governmental Body” means any agency, bureau, commission, court, department, official, political subdivision, tribunal
or other instrumentality of any administrative, judicial, legislative, executive, regulatory, police or taxing authority of any government, whether supranational, national, federal, state, regional, provincial, local, domestic or foreign.

 “Holder Indemnified Persons” has the meaning set forth in Section 2.06(a)(i). 

“Indemnitee” has the meaning set forth in Section 2.06(c). 

“Indemnitor” has the meaning set forth in Section 2.06(c). 

“Losses” has the meaning set forth in Section 2.06(a)(i). 

“Parent” has the meaning set forth in the preamble hereof. 

“Parties” has the meaning set forth in the preamble hereof. 

“Person” means individual, corporation, partnership, limited liability company, association, trust or other entity or
organization, including any Governmental Body. 
 “Piggyback Registration” shall have the meaning set forth in
Section 2.03 hereof. 
 “Potential Material Event” means either (i) the possession by the Company of
material information not ripe for disclosure in a registration statement, or (ii) any material engagement or activity by the Company that would be adversely affected by disclosure in a registration statement at such time, in each case, which
shall be evidenced by a written good faith determination by the Board that both (a) disclosure of such information, engagement or activity in a registration statement would be detrimental to the business and affairs of the Company, and
(b) a registration statement would be materially misleading absent the inclusion of such information, engagement or activity. 
 “Register,” “registered” and “registration” means a registration effected through the preparation and filing of a registration statement or similar
document in compliance with the Securities Act and the declaration or ordering of effectiveness of such registration statement or document. 
 “Registrable Securities” means any of the 97,301,755 Common Shares owned by the Parent on the date hereof ; provided, however, that Registrable Securities shall cease to be
Registrable Securities upon the consummation of any sale of such securities pursuant to a Registration Statement or Rule 144. 

“Registrable Securities Holder” means the Parent, a wholly-owned or majority-owned subsidiary of the Parent who holds
Registrable Securities. 
 “Registration Expenses” means all expenses incurred by the Company in effecting any
registration pursuant to this Agreement, including all registration, qualification and filing fees, printing expenses, escrow fees, transfer agent fees, fees and disbursements of counsel for the Company, blue sky fees and expenses, the expense of
any special audits incident to or required by any such registration and the reasonable fees and disbursements of special legal counsel to represent the Registrable Securities Holders, as the case may be. Registration Expenses do not include
compensation of regular employees of the Company which shall be paid in any event by the Company, underwriting discounts and commissions and stock transfer taxes. 

  
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 “Registration Statement” means a registration statement on Form F-1 or S-1,
Form F-3 or S-3 (or such similar or successor forms as may be appropriate) prepared and filed with the SEC by the Company pursuant to Article II of this Agreement. 
 “Regulation” means each applicable law, rule, regulation, order, guidance or recommendation (or any change in its interpretation or administration) by any Governmental Body, central bank
or comparable agency and any request or directive (whether or not having the force of law) of any of those Persons and each judgment, injunction, order, writ, decree or award of any Governmental Body, arbitrator or other Person. 

“Rule 144” means Rule 144 promulgated under the Securities Act, as such rule shall be in effect from time to time, or
any successor rule. 
 “SEC” means the United States Securities and Exchange Commission and includes any
Governmental Body succeeding to the functions thereof. 
 “Securities” means any stock, shares, limited
liability company membership interests, partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes or other evidences of
indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the
purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 
 “Securities
Act” means the Securities Act of 1933, as amended, together with the rules and regulations promulgated thereunder. 

“Selling Expenses” means all underwriting discounts, selling commissions and stock transfer taxes applicable to the
Registrable Securities registered by the Registrable Securities Holders, as the case may be. 
 “Transfer”
means any sale, assignment, transfer, exchange, pledge, grant of security interest in, hypothecation, encumbrance or other disposition or conveyance of any interest in. 
 “US$” means the lawful currency of the United States of America. 

“Violation” has the meaning set forth in Section 2.07(a)(i). 

Section 1.02 Interpretation. 
 (a) Headings. The headings to the Articles, Sections and Subsections of this Agreement are inserted for convenience of reference only and shall not affect the meaning or interpretation of this
Agreement. 
 (b) Usage. In this Agreement, unless the context requires otherwise: (i) the singular number includes
the plural number and vice versa; (ii) reference to any gender includes each other gender and the neuter; (iii) the terms “hereunder,” “hereof,” “hereto” and words of similar import shall be deemed references
to this Agreement as a whole and not to any particular section or other provision hereof; (iv) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without
limitation”; and (v) a reference to any Article, Section or Subsection shall be deemed to refer to the corresponding Article, Section, or Subsection of this Agreement. 

  
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 ARTICLE II 
 REGISTRATION RIGHTS 
 Section 2.01 Demand Registration. 

(a) Request for Registration. If Registrable Securities Holders holding outstanding Registrable Securities that represent two
percent (2%) or more of the aggregate outstanding shares of the Company’s common shares, par value of $0.01 per share (or any other securities into which or for which any of such common shares may be converted or exchanged pursuant to a
plan of recapitalization, reorganization, merger, sale of assets or otherwise), at any time shall provide the Company with a written request (a “Demand Notice”) requesting that the Company pursuant to this Section 2.01 file a
Registration Statement under the Securities Act registering for resale Registrable Securities (the date on which the Company receives the Demand Notice being the “Demand Notice Date” and the registration requested in such Demand
Notice being a “Demand Registration”), the Company shall promptly (but in any event within five (5) calendar days) after the Demand Notice Date, forward a copy of the Demand Notice to all of the Registrable Securities Holders.
Each of the Registrable Securities Holders shall have a period of twenty (20) calendar days after receiving the Demand Notice from the Company in which to elect to include some or all of such Registrable Securities Holder’s Registrable
Securities in such Demand Registration. The Registrable Securities Holders shall exercise their right to include Registrable Securities in such Registration Statement by delivering a written notice to the Company within such twenty
(20) calendar day period specifying the number of Registrable Securities such Registrable Securities Holder wishes to include in such Registration (such electing Registrable Securities Holders, together with the Registrable Securities Holders
delivering the Demand Notice to the Company being the “Demanding Holders”). Notwithstanding the foregoing, the Company shall not be obligated to effect more than three Demand Registrations in respect of Registrable Securities. A
registration shall not count as one of the permitted Demand Registrations (i) until it has become effective, (ii) if the Demanding Holders requesting such registration are not able to have registered and sold at least 50% of the
Registrable Securities requested by such Demanding Holders to be included in such registration or (iii) in the case of a Demand Registration that would be the last permitted Demand Registration requested hereunder, if the Demanding Holders
requesting such registration are not able to have registered and sold all of the Registrable Securities requested to be included by such Demanding Holders in such registration. 

(b) Filing and Effectiveness of Registration Statement. The Company shall use its reasonable best efforts to prepare and file with
the SEC, no later than ninety (90) calendar days after the Demand Notice Date, a Registration Statement registering for resale by the Demanding Holders the Registrable Securities requested to be registered. The Company shall use its reasonable
best efforts to cause such Registration Statement to be declared effective no later than the earlier of (i) five (5) calendar days after the date on which the Company receives notice from the SEC that such Registration Statement may be
declared effective and (ii) the date which is one hundred twenty (120) calendar days after the Demand Notice Date. The Company shall use its reasonable best efforts to cause the Registration Statement filed pursuant to this
Section 2.01 to remain effective until the earlier of (A) the date on which all Registrable Securities registered pursuant to such Registration Statement shall have been sold to the public and (B) the date which is one year after the
date on which such Registration Statement is declared effective by the SEC; provided, however, that such date shall be increased by the number of days that the Demanding Holders may not sell Securities pursuant to Section 2.04(h).

 (c) Underwritten Offering. 
 (i) If the Demanding Holders intend to distribute the Registrable Securities covered by their Demand Notice by means of an underwriting, they shall so advise the Company as a part of their Demand Notice.
In connection with such underwritten offering, the Demanding Holders shall have the right to select the managing underwriter or underwriters, subject to the reasonable approval of the Company. In connection with such underwritten offering, the
Demanding Holders and the Company shall enter into an underwriting agreement in customary form with the underwriter or underwriters, subject to the representations and warranties by, and the other agreements on the part of, the Company to and for
the benefit of such underwriters, shall also be made to and for the benefit of such Demanding Holders. 
 (ii) Notwithstanding
any other provision of this Section 2.01, if the underwriter advises the Company that in the opinion of such underwriter, the distribution of all of the Registrable Securities requested to be registered would materially and adversely affect the
distribution of all of the securities to be underwritten, then (A) the Company shall deliver to such Demanding Holders a copy of such underwriter’s opinion, which opinion shall be in writing and shall state the reasons for such opinion and
(B) the number of equity Securities (including the Registrable Securities) that may be included in such registration shall be allocated in the order listed below: 

  
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 (x) first, 100% to the Demanding Holders; and 

(y) second, the balance to the other Persons proposing to register securities in such registration, in each case pro rata based on the
amount of securities requested to be registered. 
 Any Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn
from the registration. 
 (d) Limitations on Registration. The Company shall not be required to effect a registration
pursuant to this Section 2.01: 
 (i) if the Company shall furnish to the Demanding Holders a certificate signed by the
Company’s Authorized Officer stating that a Potential Material Event exists, in which event the Company shall have the right to defer such filing for a period of not more than ninety (90) calendar days from the date that the Company would
be obligated to file a Registration Statement pursuant to Section 2.01(b) in the absence of this Section 2.01(d)(i), provided that such right to delay a request may not be exercised by the Company more than twice in any twelve
(12)-month period; 
 (ii) if the Demanding Holders, together with the holders of any other securities of the Company entitled
to inclusion in such registration statement, propose to sell Registrable Securities and such other Securities (if any) whereby the aggregate proceeds of which (after deduction for Selling Expenses) are less than $5,000,000; 

(iii) if all of the Registrable Securities identified in the Demand Notice may be transferred, sold or otherwise disposed of without any
manner or volume limitations under the Securities Act in accordance with the provisions of Rule 144; 
 (iv) after the tenth
anniversary of this Agreement. 
 Section 2.02 Shelf Registration. 

(a) Shelf Registration. If, at any time after the first date on which the Company is eligible to file a registration statement
under the Securities Act on Form F-3 or S-3 (or such similar or successor form as may be appropriate), the Company shall receive from Registrable Securities Holders holding at least five percent (5%) of the outstanding Registrable Securities a
written request (an “F-3 or S-3 Notice”) that the Company effect a short-form registration on Form F-3 or S-3 (or such similar or successor form as may be appropriate), including for an offering to be made on a delayed or continuous
basis pursuant to Rule 415 of the Securities Act, and any related qualification or compliance with respect to the Registrable Securities (the date on which the Company receives the F-3 or S-3 Notice being the “F-3 or S-3 Notice
Date”), the Company shall promptly (but in any event within five (5) calendar days) after the F-3 or S-3 Notice Date, forward a copy of the F-3 or S-3 Notice to all of the Registrable Securities Holders. Each of the Registrable
Securities Holders shall have a period of ten (10) calendar days after receiving the F-3 or S-3 Notice from the Company in which to elect to include some or all of such Registrable Securities Holder’s Registrable Securities in such
Registration Statement. The Registrable Securities Holders shall exercise their right to include Registrable Securities in such Registration Statement by delivering a written notice to the Company within such ten (10) calendar day period
specifying the number of Registrable Securities such Registrable Securities Holder wishes to include in such Registration Statement (such electing Registrable Securities Holders, together with the Registrable Securities Holders delivering the F-3 or
S-3 Notice to the Company being the “F-3 or S-3 Holders”). 
 (b) Filing and Effectiveness of Registration
Statement. The Company shall use its reasonable best efforts to prepare and file with the SEC, no later than forty-five (45) calendar days after the F-3 or S-3 Notice Date, a Registration Statement on Form F-3 or S-3 (or such similar or
successor form as may be appropriate), covering, and shall obtain all such qualifications and compliances as may be required and as would permit the sale and distribution of, all Registrable Securities. The Company shall use its reasonable best
efforts to cause such Registration Statement to be declared effective no later than the earlier of (i) five (5) calendar days after the date on which the Company receives notice from the SEC that such Registration Statement may be declared

  
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effective and (ii) ninety (90) calendar days after the F-3 or S-3 Notice Date. The Company shall use its reasonable best efforts to cause the Registration Statement filed pursuant to
this Section 2.02 to remain effective until the earlier of (A) the date on which all Registrable Securities registered pursuant to such Registration Statement shall have been sold to the public and (B) the date on which all of the
Registrable Securities requested to be registered by the F-3 or S-3 Holders can be freely sold to the public pursuant to Rule 144 without any manner or volume limitations. 
 (c) Limitations on Registration. The Company shall not be required to effect a registration pursuant to this Section 2.02: 

(i) if at the time of the request, Form F-3 or S-3 (or such similar or successor form as may be applicable) is not available to the
Company for such offering; 
 (ii) if the Company shall furnish to the F-3 or S-3 Holders requesting a registration pursuant to
this Section 2.02 a certificate signed by the Company’s Authorized Officer stating that a Potential Material Event exists, in which event the Company shall have the right to defer such filing for a period of not more than ninety
(90) calendar days from the date that the Company would be obligated to file a Registration Statement pursuant to Section 2.02(b) in the absence of this Section 2.01(c)(ii), provided that such right to delay a request may not
be exercised by the Company more than twice in any twelve (12)-month period; or 
 (iii) if the Registrable Securities Holders
propose to sell Registrable Securities and other such Securities (if any) whereby the aggregate proceeds of which (after deduction for Selling Expenses) are less than $1,000,000. 

(d) So long as a Registration Statement on Form F-3 or S-3 is in effect with respect to any Registrable Securities, a Holder may not
request a Demand Registration or Piggyback Registration with respect to those Registrable Securities. 
 Section 2.03 Piggyback
Registration 
 (a) Right to Piggyback. If at any time the Company proposes to register any of its common equity
securities under the Securities Act (other than a registration statement on Form S-8 or on Form S-4 or any similar successor forms thereto, or a registration statement covering an offering of convertible securities), whether for its own account or
for the account of one or more shareholders of the Company, and the registration form to be used may be used for any registration of Registrable Securtities (a “Piggyback Registration”), the Company shall give prompt written notice
(in any event within ten (10) days after its receipt of notice of any exercise of other demand registration rights) (a ‘Piggyback Registration Notice”) to each Registrable Securities Holder of its intention to effect such a
registration and, subject to Sections 2.03(b) and 2.03(c), shall include in such registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within five (5) days after issuance
of the Piggyback Registration Notice. The Company may postpone or withdraw the filing or the effectiveness of a Piggyback Registration at any time in its sole discretion. 
 (b) Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that
in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without having an adverse effect on such offering, the Company shall include in such registration
(i) first, the securities the Company proposes to sell, (ii) second, the Registrable Securities requested to be included therein by the Holders, pro rata among the Holders of such Registrable Securities on the basis of the number of shares
requested to be registered by such Holders, and (iii) third, other securities requested to be included in such registration pro rata among the holders of such securities on the basis of the number of shares requested to be registered by such
holders or as such holders may otherwise agree. 
 (c) Priority on Secondary Registrations. If a Piggyback Registration
is an underwritten secondary registration on behalf of a holder of the Company’s securities other than Registrable Securities, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested
to be included in such registration exceeds the number which can be sold in such offering without having an adverse 

  
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effect on such offering, the Company shall include in such registration (i) first the securities requested to be included therein by the holders requesting such registration, pro rata among
the holders of such securities on the basis of the number of shares requested to be registered by such holders, and (ii) second, other securities requested to be included in such registration pro rata among the holders of such securities on the
basis of the number of shares requested to be registered by such holders or as such holders may otherwise agree. 
 (d)
Selection of Underwriters. If any Piggyback Registration is an underwritten primary or secondary offering, the Company shall have the right to select the managing underwriter or underwriters for such offering. 

Section 2.04 Expenses of Registration. All Registration Expenses incurred in connection with any registration, filing,
qualification or compliance pursuant to Sections 2.01 and 2.02 shall be borne by the applicable Demanding Holders. All Registration Expenses incurred in connection with any registration, filing, qualification or compliance pursuant to Sections 2.03
shall be borne by the Company and the applicable Holders pro rata on the basis of the number of Registrable Securities included in the applicable registration. Unless otherwise stated, all Selling Expenses relating to any Registrable Securities
registered on behalf of the Demanding Holders shall be borne by such Demanding Holders either wholly or, if such Demanding Holder is participating in a registration as one of the Registrable Securities Holders, pro rata on the basis of the number of
Registrable Securities included in the applicable registration. 
 Section 2.05 Further Obligations of the Company.
Whenever the Company is required to effect the registration of any Registrable Securities pursuant to this Article II, the Company shall: 
 (a) Filing and Effectiveness of Registration Statement. With respect to a Registration Statement required by Section 2.01 or 2.02, (i) prepare and file with the SEC a Registration
Statement, (ii) cause such Registration Statement to become effective, and (iii) maintain the effectiveness of such Registration Statement, in each case, as of the dates and for the periods required by Section 2.01 or 2.02, as the
case may be, which Registration Statement, and any Registration Statement contemplated by Section 2.03 hereof (including any amendments or supplements thereto and prospectuses contained therein), shall not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading. 

(b) Filing of Amendments and Supplements. Prepare and file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus used in connection with the Registration Statement as may be necessary to keep the Registration Statement effective and to comply with the provisions of the Securities Act with respect to
the disposition of all Registrable Securities and other securities of the Company covered by the Registration Statement at all times during the period for which the Company is required to maintain the effectiveness of such Registration Statement
pursuant to the terms of this Agreement. 
 (c) Copies of Documents. Furnish to each Registrable Securities Holder
selling such Registrable Securities by means of such Registration Statement, without charge, such number of conformed copies of such Registration Statement and of each such amendment and supplement thereto (in each case including all exhibits), such
number of copies of the prospectus included in such Registration Statement (including each preliminary prospectus and any summary prospectus), in conformity with the requirements of the Securities Act, such documents incorporated by reference in
such Registration Statement or prospectus and such other documents as such Registrable Securities Holders may reasonably request. 
 (d) Opinion and Comfort Letter. Furnish to such Registrable Securities Holders (i) an opinion of the counsel representing the Company for purposes of such registration, dated the effective
date of such Registration Statement (or, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement with respect to both the effective date of the Registration Statement and the date
of the closing under the underwriting agreement), in form and substance as is customarily given by counsel for the issuer to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to such Registrable Securities
Holders, and (ii) a “cold comfort” letter, dated the effective date of such Registration Statement (and, if such Registration Statement includes an underwritten public offering, dated the date of the closing

  
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under the underwriting agreement) signed by the independent certified public accountants who have certified the Company’s financial statements included in such Registration Statement, in
form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to such Registrable Securities Holders. 

(e) “Blue Sky” Qualification. Register or qualify all Registrable Securities and other securities covered by such
Registration Statement under the securities or blue sky laws of such jurisdictions as the applicable Registrable Securities Holders (or in an underwritten offering, the managing underwriter) shall reasonably request, and do any and all other acts
and things which may be necessary or advisable to enable such Registrable Securities Holders to consummate the disposition in such jurisdictions of its Registrable Securities covered by such Registration Statement, except that the Company shall not
for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it is not so qualified, or to subject itself to taxation in any such jurisdiction or to consent to general service of process
in any such jurisdiction. 
 (f) Notification of Certain Events. As promptly as practicable after becoming aware thereof,
notify such Registrable Securities Holders of the happening of any event of which the Company has knowledge, as a result of which the prospectus included in the Registration Statement, as then in effect, includes an untrue statement of a material
fact or omits to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and promptly prepare and file with the SEC a supplement or
amendment to the Registration Statement or other appropriate filing with the SEC to correct such untrue statement or omission, and deliver a number of copies of such supplement or amendment to such Registrable Securities Holders as such Registrable
Securities Holders may reasonably request. 
 (g) SEC Stop Orders. As promptly as practicable after becoming aware
thereof, notify such Registrable Securities Holders (and, in the event of an underwritten offering, the managing underwriters) of the issuance by the SEC of any notice of effectiveness or any stop order or other suspension of the effectiveness of
the Registration Statement at the earliest possible time. 
 (h) Potential Material Event. As promptly as practicable
after becoming aware thereof, notify such Registrable Securities Holders (and, in the event of an underwritten offering, the managing underwriters) of the existence of a Potential Material Event, in which case, such Registrable Securities Holders
shall not offer or sell any Registrable Securities, or engage in any other transaction involving or relating to the Registrable Securities, from the time of the giving of notice with respect to a Potential Material Event until such Registrable
Securities Holders receives written notice from the Company that such Potential Material Event either has been disclosed to the public or no longer constitutes a Potential Material Event; provided, however, that such Registrable
Securities Holders may only be required to cease offering and selling Registrable Securities pursuant to this clause (h) for a period of not more than ninety (90) calendar days after receiving notice from the Company that a Potential
Material Event exists; provided, further, however, that the Company may only exercise its rights under this clause (h) twice in any twelve (12)-month period. 

(i) Listing Requirements. Use its best efforts to maintain the listing of such Registrable Securities on the NASDAQ Global Select
Market or on such other securities exchange as the Common Shares may be listed from time to time. 
 (j) Certificate or
Book-Entry Share Preparation. Cooperate with such Registrable Securities Holders to facilitate the timely preparation and delivery of certificates or book-entry shares for the Registrable Securities to be offered pursuant to the Registration
Statement and enable such certificates or book-entry shares for the Registrable Securities to be in such denominations or amounts as the case may be, as such Registrable Securities Holders may reasonably request. 

(k) Underwriting Agreement. In the event of any underwritten public offering, enter into and perform its obligations under an
underwriting agreement, in usual and customary form and complying with the provisions of Section 2.06, with the managing underwriter of such offering. 
 (l) Section 11 Information. Make available to such Registrable Securities Holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve
(12) months, but not more 

  
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than eighteen (18) months, beginning with the first month of the first fiscal quarter after the effective date of such Registration Statement, which earnings statement shall satisfy the
provisions of Section 11(a) of the Securities Act, including Rule 158 promulgated thereunder. 
 (m) Other Actions.
Take all other reasonable actions necessary to expedite and facilitate disposition by such Registrable Securities Holders of the Registrable Securities pursuant to the Registration Statement. 

Section 2.06 Preparation; Reasonable Investigation; Review by Counsel. In connection with the preparation and filing of each
Registration Statement registering Registrable Securities under the Securities Act, such Registrable Securities Holders, its underwriters, if any, and counsel for such Registrable Securities Holders shall: 

(a) be permitted to review such Registration Statement, each prospectus included therein or filed with the SEC, and each amendment
thereof or supplement thereto a reasonable period of time (but not less than three (3) Business Days) prior to their filing with the SEC; and 
 (b) be given reasonable access to the Company’s books and records and such opportunities to discuss the business of the Company with its officers, counsels and the independent public accountants who
have certified its financial statements as shall be necessary, in the opinion of such Registrable Securities Holders, such underwriters, if any, or their respective counsel, to conduct a reasonable investigation within the meaning of the Securities
Act. 
 Section 2.07 Indemnification. In the event any Registrable Securities are included in a Registration Statement
under this Article II, the following indemnification provisions shall apply. 
 (a) Indemnification by the Company. 

(i) Indemnification. To the extent permitted by law, and in addition to (and in no way, limiting) the indemnification obligations
set forth in the Share Purchase Agreement, the Company shall indemnify and hold harmless the Registrable Securities Holders, each of the employees, officers, directors, partners, members, managers, legal counsel and agents of such Registrable
Securities Holders, any underwriter (as defined in the Securities Act) for such Registrable Securities Holders and each Person, if any, who controls such Registrable Securities Holders or underwriter within the meaning of the Securities Act or
Exchange Act (collectively, the “Holder Indemnified Persons”) against and hold each Holder Indemnified Person harmless from any and all liabilities, obligations, losses, damages, lawsuits, investigations, arbitrations, actions,
judgments, costs, expenses or claims, including reasonable attorneys’ fees and expenses incurred in investigation or defending any of the foregoing (collectively, “Losses”), that the Holder Indemnified Persons may suffer or
sustain arising out of or due to any of the following (any of the following being a “Violation”): 
 (A) any
untrue statement or alleged untrue statement of a material fact contained in such Registration Statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; 

(B) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements
therein not misleading; or 
 (C) any violation or alleged violation by the Company of the Securities Act, the Exchange Act,
any state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law, or any applicable securities laws or Regulations of a jurisdiction outside the United States. 

  
 9 

 (ii) Limitations on Indemnification. Notwithstanding the foregoing, the Company shall
not be liable for: 
 (A) any amounts paid in settlement of any such Losses if such settlement is effected without the consent
of the Company (which consent shall not be unreasonably withheld, conditioned or delayed); or 
 (B) any Losses to the extent
that such Losses arise out of or are based upon a Violation which occurs in reliance upon and in strict conformity with written information furnished by such Registrable Securities Holders expressly for use in connection with such registration.

 (b) Indemnification by the Registrable Securities Holders. 

(i) Indemnification. Each Registrable Securities Holder participating in any registration pursuant to this Agreement shall
indemnify and hold harmless the Company, each of the Company’s employees, officers, directors, legal counsel and other agents, any underwriter (as defined in the Securities Act) for the Company and each Person, if any, who controls the Company
or underwriter within the meaning of the Securities Act or Exchange Act (collectively, the “Company Indemnified Persons”), against and hold each Company Indemnified Person harmless from any and all Losses that the Company
Indemnified Persons may suffer or sustain arising out of or due to any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in strict conformity with written information furnished by such
Registrable Securities Holder expressly for use in connection with such registration. 
 (ii) Limitations on
Indemnification. Notwithstanding the foregoing, no Registrable Securities Holder shall be liable for: 
 (A)
indemnification pursuant to this Agreement in excess of the aggregate net cash proceeds received by such Registrable Securities Holder from the offering of Registrable Securities in such registration; 

(B) any amounts paid in settlement of any such Losses if such settlement is effected without the consent of such Registrable Securities
Holder; or 
 (C) any Losses to the extent that such Losses do not arise out of or are not based upon a Violation which occurs
in reliance upon and in strict conformity with written information furnished by such Registrable Securities Holder expressly for use in connection with such registration. 
 (c) Indemnification Mechanics. If there occurs an event which a Company Indemnified Person or a Holder Indemnified Person (any such Person being the “Indemnitee”) hereto asserts is
an indemnifiable event pursuant to this Section, the Indemnitee shall promptly notify the party obligated to provide indemnification hereunder (the “Indemnitor”) in writing of such event. Delay or failure to so notify the Indemnitor
shall only relieve the Indemnitor of its obligations to the extent, if at all, that it is actually prejudiced by reason of such delay or failure. The Indemnitor shall have a period of twenty (20) calendar days in which to respond thereto. If
the Indemnitor accepts responsibility within such twenty (20) calendar day period, then the Indemnitor shall be obligated to compromise or defend, at its own expense, such matter, and the Indemnitor shall provide the Indemnitee with such
assurances as may be reasonably required by the Indemnitee to assure that the Indemnitor shall assume and be responsible for the Losses at issue (subject to the limitations set forth in this Agreement). If the Indemnitor fails to assume the defense
of such matter within such twenty (20) calendar day period or does not respond within such twenty (20) calendar day period, the Indemnitee against which such matter has been asserted shall (upon delivering notice to such effect to the
Indemnitor) have the right to undertake, at the Indemnitor’s cost and expense, the defense, compromise or settlement of such matter on behalf of the Indemnitee. In any event, the Indemnitee shall have the right to participate at its own expense
in the defense of such asserted liability; provided, however, that the Indemnitor shall pay the expenses of such defense if the Indemnitee is advised by counsel in writing that there are one or more legal defenses available to the
Indemnitee that are different from or additional to those available to the Indemnitor (in which case, if the Indemnitee notifies the Indemnitor in writing, the Indemnitor shall not have the right to assume the defense of such asserted liability on
behalf of the Indemnitee). 

  
 10 

 (d) Contribution. If the indemnification provided for in this Section 2.06 is
held by a court of competent jurisdiction to be unavailable to an Indemnitee with respect to any Losses, then the Indemnitor, in lieu of indemnifying such Indemnitee hereunder, shall contribute to the amount paid or payable by such Indemnitee as a
result of such Losses in such proportion as is appropriate to reflect the relative fault of the Indemnitor on the one hand and of the Indemnitee on the other in connection with the Violation that resulted in such Losses, as well as any other
relevant equitable considerations; provided, however, that in no event shall any contribution under this Section 2.06(d) from such Registrable Securities Holders, together with the amount of any indemnification payments made by
such Holder pursuant to Section 2.06(b) above, exceed the net proceeds from the offering received by such Registrable Securities Holders. The relative fault of the Indemnitor and of the Indemnitee shall be determined by reference to, among
other things, whether the Violation relates to information supplied by the Indemnitor or the Indemnitee and the parties relative intent, knowledge, access to information and opportunity to correct or prevent such Violation. 

Section 2.08 Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior
written consent of holders of a majority of the outstanding Registrable Securities, enter into any agreement with any holder or prospective holder of any Securities of the Company which provides such holder or prospective holder of Securities of the
Company the right to include such Securities in any registration filed under Section 2.01, 2.02 or 2.03 hereof, unless under the terms of such agreement, such holder or prospective holder may include such Securities in any such registration
only to the extent that the inclusion of such securities shall not reduce the amount of the Registrable Securities that are included. 
 ARTICLE III 
 MISCELLANEOUS 

Section 3.01 Notices. All notices, demands, requests, consents, approvals and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier
service with charges prepaid, or (iv) transmitted by hand delivery, telegram or facsimile, addressed as set forth below or to such other address as such Party shall have specified most recently by written notice given in accordance herewith, in
each case with a copy to an e-mail address separately provided to each other Party. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with
accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a Business Day during normal business hours where such notice is to be received), or the first Business Day following
such delivery (if delivered other than on a Business Day during normal business hours where such notice is to be received) or (b) on the second Business Day following the date of mailing by express courier service, fully prepaid, addressed to
such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be: 
  

	
	 If to the Company:

	  
 Ocean Rig UDW Inc.

Attention: Chief Executive Officer
 10 Skopa Street, Tribune House
 2nd Floor, Office 202, CY 1075

Nicosia, Cyprus
  

Facsimile: + 357 22761542
  

with a copy (which shall not constitute notice) to:

	  
 Seward & Kissel LLP

Attention: Gary J. Wolfe, Esq.
 One Battery Park Plaza
 New York, NY 10004

Facsimile: +1-212-480-8421

  
 11 

	
	 If to the Parent:

	  
 DryShips Inc.

Attention: Chief Financial Officer
 80 Kifissias Avenue
 GR 15125 Amaroussion

Greece

Facsimile: +011 30 210 80 90 585
  

with a copy (which shall not constitute notice) to:

	  
 Deverakis Law Office

Attention: Stelios N. Deverakis.
 80 Kifissias Avenue
 GR 15125 Amaroussion

Greece

Facsimile: +011 30 210 6140 267

 Either Party may from time to time change its address for notices under this Section 3.01 by giving
at least ten (10) days’ prior written notice of such changed address to the other Party. 
 Section 3.02
Counterparts. This Agreement may be executed in multiple counterparts, each of which may be executed by less than all of the Parties and shall be deemed to be an original instrument, and all of which together shall constitute one and the same
instrument. All such counterparts may be delivered between the Parties by facsimile or other electronic transmission, which shall not affect the validity thereof. 
 Section 3.03 Modification or Amendment of Agreement; Waiver. Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or
terminated other than by a written instrument signed by all Parties. The failure of either Party to insist on strict compliance with this Agreement, or to exercise any right or remedy under this Agreement, shall not constitute a waiver of any rights
provided under this Agreement, nor estop the Parties from thereafter demanding full and complete compliance nor prevent the Parties from exercising such a right or remedy in the future. 

Section 3.04 Successors and Assigns. This Agreement shall be binding upon, inure to the benefit of and be enforceable by the
Parties and their respective successors and assigns and permitted transferees. 
 Section 3.05 Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
 Section 3.06 Specific
Enforcement; Consent to Jurisdiction; Waiver of Jury Trial. 
 (a) The Parties acknowledge and agree that irreparable damage
would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that either Party shall be entitled to an injunction or injunctions
to prevent or cure breaches of the provisions of this Agreement by the other Party and to enforce specifically the terms and provisions hereof or thereof, this being in addition to any other remedy to which either Party may be entitled by law or
equity. 
 (b) Each Party (i) hereby irrevocably submits to the jurisdiction of the U.S. District Court and other courts of
the United States sitting in the State of New York for the purposes of any suit, action or proceeding arising out of or relating to this Agreement and (ii) hereby waives, and agrees not to assert in any such suit, action or proceeding, any
claim that it is not personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Each Party consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such Party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice
thereof. Nothing in this Section 3.06 shall affect or limit 

  
 12 

 
any right to serve process in any other manner permitted by law. The Parties hereby irrevocably waive trial by jury in any action, proceeding or claim brought by any Party or beneficiary thereof
on any matter whatsoever arising out of or in any way connected with this Agreement. 
 Section 3.07 Entire Agreement.
This Agreement and sets forth the entire agreement and understanding of the Parties relating to the subject matter hereof and supersedes all prior and contemporaneous agreements, negotiations and understandings between the Parties, both oral and
written, relating to the subject matter hereof. 
 Section 3.08 Severability. Each provision of this Agreement shall be
considered separable and, if for any reason any provision or provisions hereof are determined to be invalid or contrary to applicable law, such invalidity or illegality shall not impair the operation of or affect the remaining portions of this
Agreement. Upon such determination that any term or other provision is invalid or illegal, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. 
 Section 3.09 Jointly
Drafted. This Agreement shall be deemed to have been drafted by all Parties and, in the event of a dispute, no Party shall be entitled to claim that any provision hereof should be construed against any other Party by reason of the fact that it
was drafted by one particular Party. 
 Section 3.10 Further Assurances. From and after the date of this Agreement, upon
the request of a Party, each other Party shall execute and deliver such instruments, documents and other writings as may be reasonably necessary or desirable to confirm and carry out and to effectuate fully the intent and purposes of this Agreement.

 [Signature Page Follows] 

  
 13 

 IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the date
first written above. 
  

			
	DRYSHIPS INC.
		
	By:	 	 /s/ Ziad Nakhleh

	Name:	 	Ziad Nakhleh
	Title:	 	Chief Financial Officer
	
	OCEAN RIG UDW INC.
		
	By:	 	 /s/ Ioannis Cleanthous

	Name:	 	Ioannis Cleanthous
	Title:	 	Corporate Secretary

 Signature Page to Registration Rights Agreementf8k031912ex10i_europa8.htm

Exhibit 10.1

Stock Purchase Agreement

Dated as of March 19, 2012

By and Among

Hua Li

And

Peter Reichard

and

Peter Coker

and

Europa Acquisition VIII, Inc.

 

  

1

  

 

Table of Contents

 

	
Section 1. Construction and Interpretation

	
3

	
1.1. Principles of Construction.

	
3

	
Section 2.  The Transaction

	
4

	
2.1. Purchase Price:

	
4

	
2.2. Transfer of Shares and Terms of Payment:

	
4

	
2.3. Closing.

	
4

	
Section 3.  Representations and Warranties

	
4

	
3.1. Representations and Warranties of the Sellers:

	
4

	
3.2. Covenants of the Sellers and the Company.

	
6

	
Section 4.  Miscellaneous

	
9

	
4.1. Expenses.

	
9

	
4.2. Governing Law.

	
9

	
4.3. Resignation of Old and Appointment of New Board of Directors and Officers.

	
9

	
4.4. Disclosure.

	
9

	
4.5. Notices.

	
10

	
4.6. Parties in Interest.

	
10

	
4.7. Entire Agreement.

	
11

	
4.8. Amendments.

	
11

	
4.9. Severability.

	
11

	
4.10. Counterparts.

	
11

 

  

2

  

 

Stock Purchase Agreement

This stock purchase agreement (“Agreement”), dated as of March 19, 2012, is entered into by and among Europa Acquisition VIII, Inc. (“Europa Acquisition” or the “Company”) and Peter Reichard and Peter Coker, (each a “Seller” and collectively, the “Sellers”), and Hua Li (the “Purchaser” and together with the Company and the Sellers, the “Parties”).

W i t n e s s e t h:

Whereas, the Sellers, are shareholders of Europa Acquisition, a corporation organized and existing under the laws of the State of Nevada, who own and/or control in the aggregate 100,000 shares of the Company, which represents 100% of the issued and outstanding common shares of the Company; and

Whereas, the Purchaser desires to acquire all of such shares of the Company.

Now, Therefore, in consideration of the premises and of the covenants, representations, warranties and agreements herein contained, the Parties have reached the following agreement with respect to the sale by the Sellers of such common stock of the Company to the Purchaser:

Section 1. Construction and Interpretation

1.1. Principles of Construction.

(a) All references to Articles, Sections, subsections and Appendixes are to Articles, Sections, subsections and Appendixes in or to this Agreement unless otherwise specified.  The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.  The term “including” is not limiting and means “including without limitations.”

(b) In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.”

(c) The Table of Contents hereto and the Section headings herein are for convenience only and shall not affect the construction hereof.

(d) This Agreement is the result of negotiations among and has been reviewed by each Party’s counsel.  Accordingly, this Agreement shall not be construed against any Party merely because of such Party’s involvement in its preparation.

(e) Wherever in this Agreement the intent so requires, reference to the neuter, masculine or feminine shall be deemed to include each of the other, and reference to either the singular or the plural shall be deemed to include the other.

  

3

  

 

Section 2.  The Transaction

2.1. Purchase Price.

 

The Sellers hereby agree to sell to the Purchaser, and the Purchaser, in reliance on the representations and warranties contained herein, and subject to the terms and conditions of this Agreement, agrees to purchase from the Sellers 100,000 common shares of the capital stock of Europa Acquisition (the “Acquired Shares”) for a total purchase price of $25,000 (the “Purchase Price”), payable in full to the Sellers according to the terms of this Agreement, in United States currency as directed by the Sellers at Closing.

2.2. Transfer of Shares and Terms of Payment.

 

In consideration for the transfer of the Acquired Shares by the Sellers to the Purchaser, the Purchaser shall pay the Purchase Price in accordance with the terms of this Agreement.  Transfer of the shares and payment thereof shall be in the following manner:

	
i)  

	
Upon execution of this Agreement, the Purchaser shall transfer $25,000 (“Deposit”) to Anslow & Jaclin, LLP (the “Escrow Agent”);

	
ii)  

	
Simultaneously with the transfer of the Payment, the Sellers shall deliver to the Escrow Agent, the certificates for the Acquired Shares duly endorsed for transfer or with executed stock powers medallion guaranteed attached to be released and delivered to Buyer upon receipt of the Second Payment by the Escrow Agent.

2.3. Closing.

Subject to the terms and conditions of this Agreement, the Closing shall take place by wire transfer and overnight mail on or before March 19, 2012 (the “Closing Date”).

 

Section 3.  Representations and Warranties

3.1. Representations and Warranties of the Sellers and the Company. The Sellers and the Company hereby make the following representations and warranties to the Purchaser:

3.1.1           The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and has all corporate power necessary to engage in all transactions in which it has been involved, as well as any general business transactions in the future that may be desired by its directors.

3.1.2           The Company is in good standing with the Secretary of State of Nevada.

3.1.3           Prior to or at Closing, all of the Company’s outstanding debts and obligations shall be paid off (at no expense or liability to the Purchaser) and the Seller shall provide evidence of such payoff to the Purchaser’s reasonable satisfaction.  Should the Purchaser discover any obligation of the Company that was not paid prior to the Closing Date, the Sellers undertake to indemnify the Purchaser for any and all such liabilities, whether outstanding or contingent at the time of Closing.

 

  

4

  

 

3.1.4           The Company will have no assets or liabilities at the Closing Date.

3.1.5           The Company is not subject to any pending or threatened litigation, claims or lawsuits from any party, and there are no pending or threatened proceedings against the Company by any federal, state or local government, or any department, board, agency or other body thereof.

3.1.6           The Company is not a party to any contract, lease or agreement which would subject it to any performance or business obligations after the Closing.

3.1.7           The Company does not own any real estate or any interests in real estate.

3.1.8           The Company is not liable for any taxes, including income, real or personal property taxes, to any governmental or state agencies whatsoever.  The Company has timely filed all income, real or personal property, sales, use, employment or other governmental tax returns or reports required to be filed by it with any federal, state or other governmental agency and all taxes required to be paid by the Company in respect of such returns have been paid in full.  None of such returns are subject to examination by any such taxing authority and the Company has not received notice of any intention to require the Company to file any additional tax returns in any jurisdiction to which it may be subject.

 

3.1.9           The Company, to the actual knowledge of Sellers, is not in violation of any provision of laws or regulations of federal, state or local government authorities and agencies.

3.1.10           The Sellers either are or on the Closing Date will be, the lawful owners of record of the Acquired Shares, and the Sellers presently have, and will have at the Closing Date, the power to transfer and deliver the Acquired Shares to the Purchaser in accordance with the terms of this Agreement.  The delivery to the Purchaser of certificates evidencing the transfer of the Acquired Shares pursuant to the provisions of this Agreement will transfer to the Purchaser good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.

3.1.11           There are no authorized shares of the Company other than 100,000,000 common shares and 10,000,000 preferred shares, and there are no issued and outstanding shares of the Company other than 100,000 common shares.  Sellers at the Closing Date will have full and valid title to the Acquired Shares, and there will be no existing impediment or encumbrance to the sale and transfer of the Acquired Shares to the Purchaser; and on delivery to the Purchaser of the Acquired Shares being sold hereby, all of such Shares shall be free and clear of all liens, encumbrances, charges or assessments of any kind; such Shares will be legally and validly issued and fully paid and non-assessable shares of the Company’s common stock; and all such common stock has been issued under duly authorized resolutions of the Board of Directors of the Company.

3.1.12           All issuances of the Company of the shares in their common stock in past transactions have been legally and validly effected, without violation of any preemptive rights, and all of such shares of common stock are fully paid and non-assessable.

3.1.13           There are no outstanding subscriptions, options, warrants, convertible securities or rights or commitments of any nature in regard to the Company’s authorized but unissued common stock or any agreements restricting the transfer of outstanding or authorized but unissued common stock. There are no shareholders agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s shareholders.

 

  

5

  

 

3.1.14           There are no outstanding judgments, liens or any other security interests filed against the Company or any of its properties.

3.1.15           The Company has no subsidiaries.

3.1.16           The Company has no employment contracts or agreements with any of its officers, directors, or with any consultants; and the Company has no employees or other such parties.

3.1.17           The Company has no insurance or employee benefit plans whatsoever.

3.1.18           The Company is not in default under any contract, or any other document.

3.1.19           The Company has no outstanding powers of attorney and no obligations concerning the performance of the Sellers concerning this Agreement.

3.1.20           The execution and delivery of this Agreement, and the subsequent closing thereof, will not result in the breach by the Company or the Sellers of (i) any agreement or other instrument to which they are or have been a party or (ii) the Company’s Articles of Incorporation or Bylaws.

3.1.21           All financial and other information which the Company and/or the Sellers furnished or will furnish to the Purchaser, including information with regard to the Company and/or the Sellers contained in the SEC filings filed by the Company since its inception (i) is true, accurate and complete as of its date and in all material respects except to the extent such information is superseded by information marked as such, (ii) does not omit any material fact, not misleading and (iii) presents fairly the financial condition of the organization as of the date and for the period covered thereby.

3.1.22           The common stock of the Company is registered under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and there are no proceedings pending to revoke or terminate such registration.  Since the date of the common stock's registration under the Exchange Act, the Company has filed all reports with the Securities and Exchange Commission required to be filed by the Exchange Act, including its Quarterly Report on Form 10-K for the year of 2011, and all such reports were filed timely.

The representations and warranties herein by the Sellers shall be true and correct in all material respects on and as of the Closing Date hereof with the same force and effect as though said representations and warranties had been made on and as of the Closing Date.

The representations and warranties made above shall survive the Closing Date and shall expire for all purposes in the date numerically corresponding to the Closing Date in the twelfth month after the Closing Date.

 

  

6

  

 

3.2. Covenants of the Sellers and the Company.

From the date of this Agreement and until the Closing Date, the Sellers and the Company covenant the following:

3.2.1           The Sellers will, to the best of their respective abilities, preserve intact the current status of the Company as an issuer registered under Section 12(g) of the 1934 Exchange Act.

3.2.2           The Sellers will furnish Purchaser with all corporate records and documents, such as Articles of Incorporation and Bylaws, minute books, stock books, or any other corporate document or record (including financial and bank documents, books and records) requested by the Purchaser.

3.2.3           The Company will not enter into any contract or business transaction, merger or business combination, or incur any further debts or obligations without the express written consent of the Purchaser.

3.2.4           The Company will not amend or change its Articles of Incorporation or Bylaws, or issue any further shares or create any other class of shares in the Company without the express written consent of the Purchaser.

3.2.5           The Company will not issue any stock options, warrants or other rights or interests in or to its shares without the express written consent of the Purchaser.

3.2.6           The Sellers will not encumber or mortgage any right or interest in their shares of the common stock being sold to the Purchaser hereunder, and also they will not transfer any rights to such shares of the common stock to any third party whatsoever.

3.2.7           The Company will not declare any dividend in cash or stock, or any other benefit.

3.2.8           The Company will not institute any bonus, benefit, profit sharing, stock option, pension retirement plan or similar arrangement.

3.2.9           At Closing, the Company and the Sellers will obtain and submit to the Purchaser resignations of current officers and directors.

3.2.10           The Sellers agree to indemnify the Purchaser against and to pay any loss, damage, expense or claim or other liability incurred or suffered by the Purchaser by reason of the breach of any covenant or inaccuracy of any warranty or representation contained in this Agreement.

3.3           Representations and Warranties of the Purchaser. The Purchaser hereby makes the following representations and warranties to the Sellers:

3.3.1           The Purchaser has the requisite power and authority to enter into and perform this Agreement and to purchase the shares being sold to it hereunder.  The execution, delivery and performance of this Agreement by such Purchaser and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action, and no further consent or authorization of such Purchaser is required.  This Agreement has been duly authorized, executed and delivered by such Purchaser and constitutes, or shall constitute when executed and delivered, a valid and binding obligation of such Purchaser enforceable against such Purchaser in accordance with the terms thereof.

 

  

7

  

 

3.3.2           The Purchaser is, and will be at the time of the execution of this Agreement, an “accredited investor”, as such term is defined in Regulation D promulgated by the Commission under the Securities Act of 1933, as amended (the “1933 Act”), is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities of United States publicly-owned companies in the past and, with its representatives, has such knowledge and experience in financial, tax and other business matters as to enable such Purchaser to utilize the information made available by the Company to evaluate the merits and risks of and to make an informed investment decision with respect to the proposed purchase, which represents a speculative investment.  The Purchaser has the authority and is duly and legally qualified to purchase and own shares of the Company.  The Purchaser is able to bear the risk of such investment for an indefinite period and to afford a complete loss thereof.  The information set forth on the signature page hereto regarding the Purchaser is accurate.

3.3.3           On the Closing Date, such Purchaser will purchase the Acquired Shares pursuant to the terms of this Agreement for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

3.3.4           The Purchaser understands and agrees that the Acquired Shares have not been registered under the 1933 Act or any applicable state securities laws, by reason of their issuance in a transaction that does not require registration under the 1933 Act (based in part on the accuracy of the representations and warranties of the Purchaser contained herein), and that such Acquired Shares must be held indefinitely unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration.  In any event, and subject to compliance with applicable securities laws, the Purchaser may enter into lawful hedging transactions in the course of hedging the position they assume and the Purchaser may also enter into lawful short positions or other derivative transactions relating to the Acquired Shares, or interests in the Acquired Shares, and deliver the Acquired Shares, or interests in the Acquired Shares, to close out their short or other positions or otherwise settle other transactions, or loan or pledge the Acquired Shares, or interests in the Acquired Shares, to third parties who in turn may dispose of these Acquired Shares.

3.3.5           The Acquired Shares shall bear the following or similar legend:

“THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.  NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

  

8

  

 

3.3.6           The offer to sell the Acquired Shares was directly communicated to such Purchaser by the Company.  At no time was such Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

3.3.7           Such Purchaser represents that the foregoing representations and warranties are true and correct as of the date hereof and, unless such Purchaser otherwise notifies the Company prior to the Closing Date shall be true and correct as of the Closing Date.

3.3.8           The foregoing representations and warranties shall survive the Closing Date and for a period of one year thereafter.

 

Section 4.  Miscellaneous

4.1. Expenses.

Each of the Parties shall bear his own expenses in connection with the transactions contemplated by this Agreement.

4.2. Governing Law.

The interpretation and construction of this Agreement, and all matters relating hereto, shall be governed by the laws of the State of Nevada applicable to agreements executed and to be wholly performed solely within such state.

4.3. Resignation of Old and Appointment of New Board of Directors and Officers.

 

The Company and the Sellers shall take such corporate action(s) required by Europa Acquisition's Articles of Incorporation and/or Bylaws to (a) appoint the below named persons to their respective positions, to be effective on the eleventh day following the Closing Date, and (b) obtain and submit to the Purchaser, together with all required corporate action(s) the resignation of the current board of directors, and any and all corporate officers and check signers as of the Closing Date.

	
Name

	
Position

	
Hua Li

 

	
Director, President, CFO and CEO

4.4. Disclosure.

The Sellers and the Company agree that they will not make any public comments, statements, or communications with respect to, or otherwise disclose the execution of this Agreement or the terms and conditions of the transactions contemplated by this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld.

 

  

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4.5. Notices.

Any notice or other communication required or permitted under this Agreement shall be sufficiently given if delivered in person or sent by facsimile or by overnight registered mail, postage prepaid, addressed as follows:

If to Sellers, to:

Peter Reichard

Peter Coker

c/o Anslow & Jaclin, LLP

195 Route 9, Suite 204

Manalapan, NJ 07726

If to the Company:

Europa Acquisition VIII, Inc.

195 Route 9, Suite 204

Manalapan, NJ 07726

With a copy to (which shall not constitute notice):

Anslow & Jaclin, LLP

195 Route 9, Suite 204

Manalapan, NJ 07726

If to the Purchaser, to:

Hua Li

Xuanwaidajie 6hao

Dongji 1519shi

Beijing, China 100052

 

 

Or such other address or number as shall be furnished in writing by any such Party, and such notice or communication shall, if properly addressed, be deemed to have been given as of the date so delivered or sent by facsimile.

4.6. Parties in Interest.

 

This Agreement may not be transferred, assigned or pledged by any Party hereto, other than by operation of law.  This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

 

  

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4.7. Entire Agreement.

This Agreement and the other documents referred to herein contain the entire understanding of the Parties hereto with respect to the subject matter contained herein. This Agreement shall supersede all prior agreements and understandings between the Parties with respect to the transactions contemplated herein.

4.8. Amendments.

This Agreement may not be amended or modified orally, but only by an agreement in writing signed by the Parties.

4.9. Severability.

In case any provision in this Agreement shall be held invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof will not in any way be affected or impaired thereby.

4.10. Counterparts.

This Agreement may be executed in any number of counterparts, including counterparts transmitted by telecopier, PDF or facsimile transmission, any one of which shall constitute an original of this Agreement.  When counterparts of copies have been executed by all parties, they shall have the same effect as if the signatures to each counterpart or copy were upon the same document and copies of such documents shall be deemed valid as originals.  The Parties agree that all such signatures may be transferred to a single document upon the request of any Party.

[-signature page follows-]

 

  

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In Witness Whereof, each of the Parties hereto has caused its/his name to be hereunto subscribed as of the day and year first above written.

Company:

Europa Acquisition VIII, Inc.

By:_________________________

Name:  Peter Coker

Title:    Chief Executive Officer

Sellers:

By: _________________________

Name: Peter Reichard, Individually

By: _________________________

Name: Peter Coker, Individually

Purchaser:

By: _________________________

Name:  Hua Li, Individually

 

 

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