SUBLEASE AGREEMENT
THIS SUBLEASE AGREEMENT (the "Agreement") is entered into as of October
1, 2003 and is between COSCINA BROTHERS COFFEE CO. LLC, a Hawaii limited
liability company (the "Lessor), Pacific Land and Coffee Corporation, a Hawaii
corporation ("Lessee").
R E C I T A L S
A. Lessor leases certain coffee roasting equipment
(the "Equipment") located at
Lessor's place of business and is willing to lease the Equipment to Lessee.
B. Lessee and Lessor are affiliated in that Xx Xxxxxxx is an
owner of Lessor and a
shareholder and officer and director of Lessee.
NOW THEREFORE, in consideration of the Recitals, and the covenants and
conditions hereinafter set forth, Lessee and Lessor agree as follows:
1. Lease. Lessor hereby leases the Equipment on a per pound
basis.
2. Compensation. Lessee shall pay Lessor $.75 per pound, minimum
$750 per calendar month.
3. Term. The term of this Agreement (the "Term") shall commence
on the date
hereof and shall remain in effect until December 31, 2007, subject to
cancellation by either party
at any time on 30 days' notice.
4. Miscellaneous. The interpretation of this Agreement shall be
governed by the
local law of the State of Hawaii. This Agreement contains the entire agreement
between the
parties hereto with respect to the subject matter thereof.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.
COSCINA BROTHERS COFFEE CO. LLC
By: /s/ Xx Xxxxxxx
Xx Xxxxxxx
PACIFIC LAND AND COFFEE CORPORATION
By: /s/ Xxxx X. Xxxxxxx
