0001104659-06-052538 Sample Contracts

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • August 8th, 2006 • Maui Land & Pineapple Co Inc • Canned, fruits, veg, preserves, jams & jellies • Hawaii

THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made effective August 7, 2006 (the “Effective Date”) by and between MAUI LAND & PINEAPPLE COMPANY, INC., a Hawaii corporation, whose address is 120 Kane St., Kahului, Hawaii 96732 (“Seller”) and DUNCAN MACNAUGHTON, whose address is 1001 Bishop Street, Suite 1050,

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AMENDMENT TO THE MAUI LAND & PINEAPPLE COMPANY, INC. STOCK OPTION AGREEMENT FOR DAVID COLE
Maui Land & Pineapple Co Inc • August 8th, 2006 • Canned, fruits, veg, preserves, jams & jellies

This Amendment to the Maui Land & Pineapple Company, Inc. Stock Option Agreement for David Cole (the “Amendment”) is made as of this 7th day of August, 2006, by and between Maui Land & Pineapple Company, Inc. (the “Company”) and David C. Cole (“Optionee”).

FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • August 8th, 2006 • Maui Land & Pineapple Co Inc • Canned, fruits, veg, preserves, jams & jellies

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”) is made August 7, 2006 by and between MAUI LAND & PINEAPPLE COMPANY, INC., a Hawaii corporation, whose address is 120 Kane St., Kahului, Hawaii 96732 (“Seller”) and DAVID C. COLE and MARGARET COLE whose address is 35 Kapalua Bay Drive, Lahaina, Hawaii 96761 (“Buyer”).

EMPLOYMENT AGREEMENT
Employment Agreement • August 8th, 2006 • Maui Land & Pineapple Co Inc • Canned, fruits, veg, preserves, jams & jellies • Hawaii

This Employment Agreement (“Agreement”) is entered into as of May 1, 2006 (“Effective Date”) between Maui Land & Pineapple Company, Inc. (“Company”) and Robert I. Webber (“Executive”).

AMENDMENT TO THE MAUI LAND & PINEAPPLE COMPANY, INC. 2003 STOCK AND INCENTIVE COMPENSATION PLAN STOCK OPTION AGREEMENT
Plan Stock Option Agreement • August 8th, 2006 • Maui Land & Pineapple Co Inc • Canned, fruits, veg, preserves, jams & jellies

This Amendment to the Maui Land & Pineapple Company, Inc. 2003 Stock and Incentive Compensation Plan Stock Option Agreement (the “Amendment”) is made as of this 7th day of August, 2006, by and between Maui Land & Pineapple Company, Inc. (the “Company”) and Brian C. Nishida (“Optionee”).

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