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.
