Execution Version ASSIGNMENT AND ASSUMPTION OF GUARANTY AND RELEASEAssignment and Assumption of Guaranty and Release • May 5th, 2020 • Louisiana
THIS ASSIGNMENT AND ASSUMPTION OF GUARANTY AND RELEASE (this “Assignment”) is entered into as of December 30, 2016 (the “Effective Date”), by and among Energy XXI Ltd, an exempted company formed under the laws of Bermuda (“Assignor”), Energy XXI Gulf Coast, Inc., a Delaware corporation (“Assignee”), and Grand Isle Corridor, LP, a Delaware limited partnership (“Landlord”). Assignor, Assignee and Landlord are each, individually, a “Party,” and are, together, the “Parties.” Unless as specifically modified, all capitalized terms used but not otherwise defined herein, shall have the same meaning as set forth in the Guaranty.
ASSIGNMENT AND ASSUMPTION OF GUARANTY AND RELEASEAssignment and Assumption of Guaranty and Release • March 2nd, 2017 • CorEnergy Infrastructure Trust, Inc. • Real estate investment trusts • Louisiana
WHEREAS, pursuant to that certain Guaranty made by Assignor to Landlord, dated June 30, 2015 (the “Guaranty”), Assignor is guarantor of the obligations of Energy XXI GIGS Services, LLC, a Delaware limited liability company (“Tenant”), under that certain Lease, dated June 30, 2015, by and between Landlord and Tenant (the “Lease”), pursuant to which, among other things, Tenant leases certain lands and facilities, including an oil pipeline system part of the Grand Isle Gathering System, purchased by Landlord from Energy XXI USA, Inc., a Delaware corporation;
