TERMINATION OF PURCHASE AND SALE AGREEMENT
Exhibit 10.1
TERMINATION OF PURCHASE AND SALE AGREEMENT
Effective November 3, 2006 the purchase and sale agreement dated August 7, 2006 between MAUI LAND & PINEAPPLE COMPANY, INC., a Hawaii corporation, whose address is 000 Xxxx Xx., Xxxxxxx, Xxxxxx 00000 (“Seller”) and XXXXXX XXXXXXXXXXX, whose address is 0000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxx, XX 00000 (hereinafter referred to as “Buyer”) relating to a sale of the a portion of Tax Map Key No. (2) 2-3-7:1, consisting of approximately 89.203 acres, located in Kula, Maui, Hawaii, is hereby terminated.
Buyer’s deposits shall be refunded to Buyer, and the parties are hereby released from all obligations and liabilities arising out of said purchase and sale agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Termination of Purchase and Sale Agreement as of the date first set forth above.
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MAUI LAND & PINEAPPLE COMPANY, INC. |
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/s/ XXXXXXX X. XXXX |
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Xxxxxxx X. Xxxx |
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Its Vice President / Community Development |
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By |
/s/ XXXX X. XXXXXXXXX |
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Xxxx X. Xxxxxxxxx |
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Its Vice President / Community Development |
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“Seller” |
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XXXXXX MACNAUTHTON |
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XXXXXX XXXXXXXXXXX |
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“Buyer” |
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