ASSIGNMENT OF SUBCONTRACT
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ASSIGNMENT OF SUBCONTRACT
THIS ASSIGNMENT OF SUBCONTRACT (“Assignment”), effective as of this ____
day of _____________, 2018 (the “Effective Date”), is made by and between EASTSIDE FOR
HIRE, INC. (“Assignor”), PORT OF SEATTLE (“Port” or “Assignee”), and SP PLUS
CORPORATION (“Subcontractor”).
Recitals
A. Assignor and Assignee are parties to that certain Concession Agreement for On-
Demand, Outbound Transportation Services (“Concession Agreement”) dated September16,
2016.
B. Assignor and Assignee are parties to that certain Second Amendment to
Concession Agreement (“Second Amendment”) dated July __, 2018.
C. Assignor and Subcontractor are parties to that certain Subcontract for Ground
Transportation Management Services (the “Subcontract”), dated February 26, 2016.
D. A true and correct copy of the Subcontract is attached hereto as Exhibit A.
E. Assignor desires to assign to Assignee its rights, title, interests and obligations in,
to, and under the Subcontract, and Assignee desires to accept such assignment and assume all of
the obligations of Assignor arising or accruing under the Subcontract, from and after July 31,
2018 at 11:59:59 p.m. (Assignment Time/Date).
Terms
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, Assignor, Assignee, and Subcontractor agree as follows:
1. Assignment. At the Assignment Time/Date, and subject to the terms and
conditions of this Assignment, Assignor hereby grants, conveys and assigns to Assignee all of
Assignor’s rights, title, interests and obligations under the Subcontract, except those obligations
reserved to Assignor pursuant to Paragraph 5, below.
2. Assumption. At the Assignment Time/Date, and subject to the terms and
conditions of this Assignment, Assignee hereby accepts the foregoing assignment and agrees to
assume, pay, perform and discharge, as and when due, all of the agreements and obligations of
Assignor under the Subcontract arising or accruing from or after the Assignment Time/Date,
except those obligations reserved to Assignor pursuant to Paragraph 5, below.
3. Subcontractor’s Consent. Subcontractor hereby consents to this Assignment,
and to the substitution of Assignee for Assignor under the Subcontract with respect to all rights,