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Recording District 302 Kenai
09/02/2021 10:34 AM Page 1 of 5
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ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT
Hilcorp Alaska, LLC, a Delaware limited liability company (hereinafter called
"Lessee/Assignor"}, whose address is 3800 Centerpoint Drive, Suite 1400, Anchorage, Alaska
99503, and who is Lessee under that Lease of Airport Lands dated November 12, 2010, which
lease has been amended through the First Amendment to Lease dated November 14, 2011
(collectively, the "Lease"), assigns all of its respective rights, title, and interests in the Lease to
Kenai Beluga Pipeline, LLC, a Delaware limited liability company (hereinafter called
"Lessee/Assignee"), whose address is 3800 Centerpoint Drive, Suite 1400, Anchorage, Alaska
99503, subject to all the conditions and terms contained in the Lease. ·
The Lease covers property located in the City of Kenai described as:
an approximately 13,065 square foot area as depicted on Tract A-1, Kenai Spur-Airport
Lease Property City Gate Addn., according to the official plat thereof, filed under Plat
Number 2012-61, filed in the Kenai Recording District, Third Judicial District, State of
Alaska., NE ~/4, Section 5, Township 05 North, Range 11 West, Seward Meridian, City of
Kenai, Kenai Recording District, Kenai Peninsula Borough, Alaska,
and further depicted in Exhibit A attached to this Assignment. The Lease is recorded in the Kenai
Recording District at Serial Nos. 2010-010858-0 and 2011-010992-0. The assignment from the
original grantee to Hilcorp Alaska, LLC is recorded at Serial No. 2013-001634-0 .
Assignee hereby assumes and agrees to perform all duties and obligations required of Lessee by
the Lease and to pay all outstanding liabilities and outstanding obligations that may be due and
owing, or may have been due and owing, prior to the effective date of this Assignment and
Assumption of Lease Agreement.
Assignment and Assumption of Lease; Consent Page 1 of 5
This Assignment and Assumption of Lease shall be governed by and construed in
accordance with the laws of the State of Alaska .
ASSIGNOR:
HILCORP ALASKA, LLC
~~E ~~
TITLE: CE
ASSIGNEE:
KENAI BELUGA PIPELINE, LLC
B~Y · ~--N ·anota5Sa
Tl LE: PreSid9nt
State of Texas )
) SS
County of Harris )
The foregoing instrument was acknowledged before me this 1c0"'\4
--~==->.;·a~t--'=----G:.--_____ , 2021, by 0 ~ E:..<o L. IA i.. ~ c. tt..~t-, (Name),
day of
---=<....,;:t:.;..::O::;__ _________ (Title) of Hilcorp Alaska, LLC, a Delaware limited liability
company, on behalf of the company .
Notary Public o ......... _ _.__.::::io......._....:..... ___ ~---
My Commission Expires: __,_--+-..a....+_.....--.;;;;>-L----
State of Tex as )
) SS
County of Harris )
• o-r.,... The foregoing instrument was acknowledged before me this " day of
-S~ e. , 2021 , by ~ C..,<:\tJ IL-• "-iA s t A-, (Name),
"Pi2.~ ~ j:°\> ~ (Title) of Kenai Beluga Pipeline, LLC, a Delaware limited
liability company, on behalf of the company .
Assignment and Assumption of Lease ; Consent Page 2 of 5
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Page 2 of 5
2021-0097 49 -0
Assignment and Assumption of Lease; Consent Page 3 of 5
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Page 3 of 5
2021-009749-0
..
CONSENT TO ASSIGNMENT
The City of Kenai hereby consents to the assignment of the above-referenced Lease
from Hilcorp Alaska, LLC to Kenai Beluga Pipeline, LLC. The City's consent to assignment shall
not be deemed to be a consent to any further or subsequent sublease or assignment. This
Consent is given without waiving any right or action, or releasing the Assignor from any liability
or responsibility under the above-referenced Lease.
State of Alaska )
) SS
Third Judicial District )
CITY OF KENAI
BY: VJO~
Paul Ostrander, City Manager
e foregoing instrument was acknowledged before me this C\ day of
:1-, 2021, by Paul Ostrander, City Manager of the City of Kenai, an
unicipal corporation. a· =""'' ~ \
Notary Pwblc --+-\.J+-f/\-_,_ ~+--\~."'~~=--~-----
CYNTHIA L t-EP1A · ota ~f Alaska · State~.., OMo3 My Commission Expires: ~ \ ~ R
.Ay Gommlssk>n ~ ~
Approved as to form:
~ Ci~---------
PLEASE RECORD IN THE
KENAI RECOR DI NG DISTRICT
AND RETURN TO:
City of Kenai
210 Fidalgo Avenue
Kenai, AK 99611
Assignment and Assumption of Lease; Consent Page 4 of 5
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Page 4 of 5
2021-0097 49 -0
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