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Pending $255M contract by DRYS on 6K filing 12/03/10

|Includes:ARCH, BTUUQ, DSX, EXM, NM, QQQ, SPY, TBSI, WLT
DryShips Inc. (the "Company") has signed two Letters of Intent with operators that would increase the Ocean Rig UDW Inc. backlog by an additional $255 million. Assuming contracts are signed as a result of these LOIs, the Company would have one unfixed drillship.

SEC 6k filing 12/03/10