Document:

EXHIBIT 10.2
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                      RESTRICTED SHARE AGREEMENT
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     THIS AGREEMENT (the "Agreement"), entered into on April 15, 2008 (the
"Grant Date"), by and between the Stephen A. Lovelette (the "Participant")
and Kaanapali Land, LLC, a Delaware limited liability company (the
"Company");

                           WITNESSETH THAT:
                           ----------------

     WHEREAS, the Company and the Participant wish to have 52,000 Class C
Shares of the Company (the "Covered Shares") issued to the Participant
subject to the restrictions and limitations as set forth in this Agreement,
and the parties hereto have reached agreement to the terms of this Award on
the Grant Date;

     NOW, THEREFORE, IT IS AGREED, by and between the Company and the
Participant, as follows:

     1.    AWARD.  The Participant is hereby granted and issued the
Covered Shares, subject to the terms of this Agreement, including, but not
limited to, the vesting provisions set forth in Section 4 below, effective
as of the Grant Date.

     2.  DISTRIBUTION RIGHTS.  The Participant's distribution rights shall
be subject to the following:

(a)  The Participant shall be entitled to receive any distributions with
     respect to the Covered Shares (as described in Section 3 of the
     Class C Rights Description, and referred to as "Distributions") with
     respect to record dates occurring while the share are vested.  If
     Distributions are made with respect to Covered Shares comprising one
     or more Installments (as defined in Section 4 hereof) prior to the
     vesting of such Installment or Installments, the amount of such
     Distributions (or the property included in such Distributions) will
     be credited to an account maintained by the Company for the benefit
     of the Participant.

(b)  As soon as practicable after the date, if any, on which an
     Installment becomes vested, the Distributions held in the Account
     with respect to the vested shares shall be transferred to the
     Participant.  Cash credited to the Participant's account with respect
     to Distributions attributable to any Installment will earn no
     interest for the period prior to vesting of that Installment.
     However, for the period between the vesting date and the date of
     payment with respect to Distributions attributable to that
     Installment, interest shall be paid at the applicable federal rate
     for short term loans in effect on the date of vesting, as amended,
     compounded semi-annually on December 31 and June 30 of each calendar
     year.  To the extent that property is credited to the account, any
     Distributions with respect to such property that occur after being
     credited but before being transferred to the Participant shall also
     be credited to the account, and shall be transferred to the
     Participant at the time at which the Installment to which the
     property is attributable is transferred to the Participant.  Amounts
     credited to the account are intended to satisfy the short-term
     deferral exception from Code section 409A and, accordingly, in no
     event will amounts distributable from the account be paid later than
     the fifteenth day of the third calendar month following the calendar
     year in which payment is due.

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(c)  The Participant shall have only a contractual right to the amounts,
     if any, payable under this Agreement with respect to the account,
     unsecured by any assets of the Company or the Affiliates.

(d)  No Distributions shall be payable to or for the benefit of the
     Participant for Covered Shares with respect to Distribution record
     dates occurring prior to the Grant Date, or with respect to
     Distribution record dates occurring on or after the date, if any, on
     which the Participant has forfeited those Covered Shares.

     3.    VOTING RIGHTS.  The Participant shall be entitled to vote both
vested and unvested Covered Shares (as described in Section 9 of the Class
C Rights Description); provided, however, that the Participant shall not be
entitled to vote the shares with respect to voting record dates arising
prior to the Grant Date, or with respect to voting record dates occurring
on or after the date, if any, on which the Participant has forfeited those
Covered Shares.

     4.    TRANSFER AND FORFEITURE OF SHARES.  If the Date of Termination
does not occur during the Restricted Period with respect to any Installment
of the Covered Shares, then, at the end of the Restricted Period for such
Installment, the Participant shall become vested in the Installment of
Covered Shares, and shall own those shares free of all restrictions
otherwise imposed by this Agreement.  Except as otherwise provided in this
paragraph 4, the Participant shall not be vested in any Installment of
Covered Shares prior to the end of the Restricted Period.  With respect to
all Covered Shares, the "Restricted Period" shall begin on the Grant Date.
The "Restricted Period" with respect to each Installment shown on the
following schedule shall end on the vesting date (each a "Vesting Date")
applicable to such Installment (but only if the Date of Termination has not
occurred before such Vesting Date):

                                  VESTING DATE
                                  APPLICABLE
     INSTALLMENT                  TO INSTALLMENT
     -----------                  --------------

     26,000 shares                Grant Date
     13,000 shares                December 31, 2008
     13,000 shares                December 31, 2009

Notwithstanding the foregoing provisions of this paragraph 4, the
Participant shall become vested in the Covered Shares, and become owner of
the shares free of all restrictions otherwise imposed by this Agreement,
prior to the end of the Restricted Period, as follows:

(a)  The Participant shall become vested in the Covered Shares as of the
     Date of Termination before the date the Covered Shares would
     otherwise become vested, if the Date of Termination occurs by reason
     of the Participant's termination by the Company without Cause, the
     Participant's Constructive Discharge, the Participant's death, or the
     Participant's Permanent Disability.

(b)  The Participant shall become vested in the Covered Shares upon a
     Change in Control that occurs on or before the Date of Termination
     and before the date the Covered Shares would otherwise become vested.

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Covered Shares may not be sold, assigned, transferred, pledged or otherwise
encumbered until the expiration of the Restricted Period or, if earlier,
until the Participant is vested in the shares, subject to all events to
paragraph 7 hereof.  Except as otherwise provided in this paragraph 4, the
Participant shall forfeit the unvested Installment or Installments of
Covered Shares as of a Date of Termination that occurs during the
Restricted Period with respect to such Installment or Installments.

     5.    LEGEND ON CERTIFICATES FOR COVERED SHARES.  Each certificate
(if any) issued in respect of the Covered Shares granted under this
Agreement shall be registered in the name of the Participant and, in the
discretion of the Manager, may be held by the Company or an Affiliate or
deposited in a bank designated by the Manager.  During the Restricted
Period, certificates (if any) evidencing the Covered Shares may be
imprinted with the following legend:  "The securities evidenced by this
certificate are subject to the transfer restrictions, forfeiture
restrictions and other provisions of the Restricted Share Agreement dated
April 15, 2008 between Kaanapali Land, LLC, a Delaware limited liability
company, and Stephen A. Lovelette."

     6.    WITHHOLDING.  The grant and vesting of shares of Covered Shares
under this Agreement are subject to withholding of all applicable taxes, to
be settled by the Participant's delivery, prior to the date such amounts
are required to be paid by the Company to the applicable revenue
authorities, a cash payment (including a check) for the entire amount then
due.  The grant of the Covered Shares under this Agreement is contingent on
the Participant making timely payment of such amounts.

     7.    AGREEMENTS REGARDING SUBJECT SHARES.

(a)  GENERAL TRANSFER PROVISIONS.  The Covered Shares shall be subject to
     the terms and conditions of this Agreement, and no sale, transfer,
     pledge, mortgage or other disposition or encumbrance of the Covered
     Shares (each a "Transfer"), whether voluntary or involuntary, shall
     be valid unless the terms and conditions of this Agreement and the
     terms and conditions of the LLC Agreement with respect to such
     Transfer have been satisfied to the extent applicable.  All
     references herein to the Company shall be deemed to be references to
     (and shall be applicable to) any surviving entity resulting from any
     merger or acquisition to which the Company is a party.  Any Transfer
     made except in accordance with this Agreement shall be null and void
     and the Company shall refuse to recognize such Transfer or the
     purported rights of any Transferee in the Covered Shares.
     Participant agrees to indemnify and hold harmless the Company and the
     Manager for and against any damage, liability, claim, cost, expense
     or loss incurred by the Company or Manager as a consequence of a
     Transfer made or attempted in violation hereof.

(b)  NO TRANSFER WHILE EMPLOYED BY THE COMPANY OR AFFILIATE.  In addition
     to any restrictions set forth in the LLC Agreement, without the prior
     written consent of the Company except in the case of a Permitted
     Family Transfer, the Participant shall not cause or permit any
     Transfer respecting the Covered Shares to occur while Participant
     continues to be employed by the Company and its Affiliates and any
     such Transfer in violation of this section shall be null and void.
     Any Permitted Family Transfer, in order to become effective, shall
     further comply with the following conditions:

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     (i)   The Participant (or the executor or administrator of the
           Participant's estate) must give written notice to the Company
           of the intention to sell or gift (including by will or bequest)
           such Covered Shares to a Related Person.  Such notice shall
           include the number of Covered Shares proposed to be sold gifted
           or bequeathed, the name and address of the Related Person and,
           if relevant, the name and address of the general partner,
           manager or managing member (as applicable), trustee or
           custodian and a copy of any trust or custodial documents or
           limited liability company or partnership agreements (including
           all amendments thereto) pursuant to which the Covered Shares
           will be held.

     (ii)  The Participant shall not be permitted to make such sale or
           gift, and the Related Person or any other person or entity
           cannot become the holder or owner of any such Covered Shares or
           succeed to any of the Partnership's rights with respect to such
           Covered in any manner whatsoever, except in compliance with the
           provisions of the LLC Agreement and this Agreement.

     (iii) All of the Covered Shares received by the Related Person shall
           continue after such sale or gift to constitute Class C Shares
           subject to all of the provisions of this the provisions of the
           LLC Agreement and this Agreement.

     (iv)  The Related Person (and any subsequent permitted holder of such
           Covered Shares) shall be bound by all of the provisions of this
           the LLC Agreement and this Agreement, and shall not be entitled
           to effect any further Transfer of the Covered Shares, except in
           accordance with all of the terms and conditions of the LLC
           Agreement and this Agreement.  No such further Transfer shall
           be considered a Permitted Family Transfer hereunder without the
           prior written consent of the Company, which the Company may
           grant or withhold in its sole discretion.

     (v)   The Related Person shall, prior to such Permitted Family
           Transfer being effective, enter into a written agreement in
           form and substance satisfactory to the Company agreeing to and
           acknowledging all of the matters set forth in subsections (i)-
           (iv) above.

(c)  FURTHER RIGHT TO TRANSFER SUBJECT TO RIGHT OF FIRST REFUSAL IN
     COMPANY.  Except for a Permitted Family Transfer or a Transfer of the
     Covered Shares to an assignee without receipt of consideration as a
     consequence of (i) the death of Participant or any permitted direct
     or indirect successor or assign of Participant then entitled to the
     applicable Covered Shares; (ii) the Participant or any permitted
     direct or indirect successor or assign of Participant then entitled
     to the applicable Covered Shares having been adjudged by a court of
     competent jurisdiction as incompetent to manage the Participant's
     person or property (in which case the provisions of paragraph 7(d)
     hereof shall apply), or (iii) if any permitted successor in interest
     to Participant then entitled to the applicable Covered Shares is an
     entity, the dissolution or termination of such entity, then
     Participant and such permitted successors and assigns, as applicable,
     shall only have the right to transfer the Covered Shares or any
     portion thereof subject to the right of first refusal to the Company
     set forth in this paragraph 7(c).  Upon the occurrence of any of the
     events set forth in the immediately preceding sentence and the waiver
     of the Company's purchase right under

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     paragraph 7(d) below, the rights of the Participant or its permitted
successors or assigns, as applicable, with respect to the Covered Shares
may be so transferred without consideration, and any rights respecting such
shares shall be exercised prior to such transfer, as determined by the
executor, administrator, guardian, conservator or other legal
representative of Participant or such permitted successor in interest, for
the purpose of settling such person's estate or administering such person's
affairs, or in the case of an entity that has dissolved or terminated, by
the legal representative or legal successor of such entity.  For any other
Transfer, the Participant or such permitted successor in interest, as
applicable (the "Selling Owner"), may only obtain a bona fide written offer
to purchase, or enter into a contract to sell, any Covered Shares that is
conditioned on the Company's waiver of its right of first refusal under
this paragraph 7(c) and the Selling Owner shall then furnish a copy of such
offer or contract to the Company (the "Refusal Right Notice").  The Company
shall have the right, within 60 days from the receipt of the Refusal Right
Notice, to elect by written notice to such Selling Owner (the "Refusal
Right Exercise Notice") to acquire such Covered Shares which is the subject
of such offer or contract from the Selling Owner for consideration equal
to, and payable upon the terms set forth in, such bona fide offer or
conditional contract.  Such right shall be exercised or waived by the
Company in its sole and absolute discretion.  If the Company does not
exercise such right of first refusal by timely delivery of the Refusal
Right Exercise Notice, such Selling Owner shall be entitled to transfer the
Covered Shares that are the subject of the Refusal Right Notice for a
period of 30 days following the Company's failure to exercise its right of
first refusal, but not otherwise.  No failure of the Company to exercise
its right hereunder, nor any waiver or consent by the Company with respect
to the transfer of any interest in the Company under this paragraph 7(c)
shall constitute a waiver or consent for any subsequent transfer under this
paragraph 7(c).  No person or entity that acquires such Covered Shares
shall be or become a successor or substitute member of except upon the
prior written consent of the Manager of the Company, which consent may be
given or withheld, conditioned or delayed in its sole and absolute
discretion, and any such person shall be subject to the terms and
conditions of this paragraph 7 with respect to any subsequent disposition
of the interest so acquired.  The parties hereto acknowledge and agree that
the Company shall have such right of first refusal to purchase the Covered
Shares, notwithstanding any terms or provisions of the LLC Agreement to the
contrary and that the terms of this Agreement for the benefit of the
Company are a material consideration to the Company's agreement to join
herein.

(d)  RIGHT OF COMPANY TO PURCHASE ECONOMIC INTEREST AFTER DISSOCIATION
     EVENT.

     (i)   Upon the occurrence of the death, bankruptcy, dissolution,
           insanity, incompetence, other legal incapacity of an owner of
           Covered Shares or the occurrence of any other event that causes
           such owner to cease to be a member of the Company (the
           "Dissociated Owner") the occurrence of such event (a
           "Dissociation Event") shall entitle the Company to purchase the
           Covered Shares owned by the Dissociated Owner in accordance
           with this paragraph 7(d).

     (ii)  At any time on or before ninety (90) days after the date of
           determination of the purchase price for the Covered Shares
           under paragraph 7(d)(iii) (the "Purchase Notice Period"), the
           Company shall have a right of first refusal to purchase (or

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           cause an Affiliate or designee to purchase) all of the Covered
           Shares owned by the Dissociated Owner at a purchase price
           determined as set forth in paragraph 7(d)(iii).  The Company
           may exercise its purchase right hereunder by delivering a
           notice (the "Purchase Notice") to the Dissociated Owner prior
           to the end of the Purchase Notice Period.  Such right shall be
           exercised or waived by the Company in its sole and absolute
           discretion.  If the Company delivers a timely Purchase Notice
           exercising its right to purchase the Covered Shares, the
           Dissociated Owner shall transfer such Covered Shares to the
           Company (or its Affiliate or designee) on a date selected by
           the Company on or before thirty (30) days after the end of the
           Purchase Notice Period.

     (iii) The purchase price for Dissociated Owner's Covered Shares shall
           be the fair market value of such Covered Shares as of the date
           of occurrence of the Dissociation Event, as agreed between the
           Dissociated Owner (or such former member's legal
           representative) and the Company, before the application of any
           discounts to such fair market value that may be applicable due
           to the illiquidity or minority status of the Covered Shares.
           If the Dissociated Owner (or such Dissociated Owner's estate or
           legal representative) and the Company are unable to agree on
           the purchase price within thirty (30) days after the
           Dissociation Event, then the purchase price shall be determined
           by arbitration in Chicago, Illinois, in accordance with the
           rules of the American Arbitration Association.  The
           determination of the arbitrators shall be final, conclusive and
           binding upon the parties and the number of arbitrators shall be
           three, with the Dissociated Owner (or such Dissociated Owner's
           estate or legal representative) appointing one arbitrator, the
           Company appointing one arbitrator, and the two arbitrators
           appointed by the parties appointing the third (who shall be a
           neutral arbitrator from a panel provided by the American
           Arbitration Association).  The Dissociated Owner shall pay the
           fees and expenses of the arbitrator appointed by the
           Dissociated Owner, the Company (or the Affiliate obtaining such
           Covered Shares) shall pay the fees and expenses of the
           arbitrator appointed by them, and each shall pay 50% of the
           fees and expenses of the neutral arbitrator.

(e)  PAYMENT OF PURCHASE PRICE; CLOSING.  Any purchase price payable
     pursuant to paragraphs 7(c) and 7(d) hereof shall be paid in
     immediately available United States Dollars at the closing of the
     sale of the Covered Shares to the Company, which shall be held at
     10:00 a.m. at the principal office of the Company no later than
     thirty (30) days after the end of the Purchase Notice Period or the
     Refusal Right Exercise Notice, as applicable, except that if the
     closing date falls on a Saturday, Sunday or legal holiday, then the
     closing shall be held on the next succeeding business day.  At the
     closing, the Selling Owner or Dissociated Owner, as applicable (or
     such Selling Owner's or Dissociated Owner's estate or legal
     representative) shall deliver to the Company (or the applicable
     Affiliate or designee) an instrument of transfer (containing warrants
     of title and of no encumbrances) conveying such Selling Owner's or
     Dissociated Owner's Covered Shares consistent with the purchase
     rights exercised hereunder.  The Selling Owner or Dissociated Owner
     (or such Dissociated Owner's estate or legal representative), and the
     Company (or the applicable Affiliate or designee) shall do all things
     and execute and deliver all papers as

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     may be necessary fully to consummate such transfers in accordance
     with the terms and provisions of this Agreement.

(f)  TAG ALONG RIGHT.  In the event that the holders of Common Shares of
     the Company representing not less than a majority of the outstanding
     membership interests in the Company determine to sell or contribute
     their membership interests to a third party that is not an Affiliate
     (as defined in the LLC Agreement) (a "Shareholder Control
     Transaction"), the Company shall afford Participant the opportunity
     to participate in such sale on the same basis as such majority
     interest subject to adjustment for the preferences on distributions
     to which the holders of Common Shares are entitled with respect to
     the Covered Shares as set forth in the Class C Rights Description;
     provided, however, that, in the event that the Company cannot
     exercise rights sufficient to provide such opportunity to
     Participant, Participant shall have the right to elect, upon written
     notice given within sixty (60) days after the date Participant
     receives notice of such transaction, to cause the Company to redeem
     all of the Covered Shares (and not less than all of the Covered
     Shares) from Participant at the same purchase price as would be
     obtained had Participant participated directly in the Shareholder
     Control Transaction; provided, further, that to the extent that
     Participant would have received payment in kind in the Shareholder
     Control Transaction on account of the Covered Shares, such payment
     pursuant to the redemption by the Company shall be converted into
     cash based upon the fair market value of the assets that would have
     been so received in kind at the time of such payment.

(g)  DRAG ALONG RIGHT.  In the event that the holders of Common Shares of
     the Company representing not less than a majority of the outstanding
     membership interests in the Company determined to enter into
     Shareholder Control Transaction, the Participant hereby agrees, for
     the benefit of the Company and/or each such holder of Common Shares,
     upon the written notice of the Company or holders of a majority of
     such Common Shares, to participate in such Shareholder Control
     Transaction on the same basis as such majority interest subject to
     adjustment for the preferences on distributions to which the holders
     of Common Shares are entitled with respect to the Covered Shares as
     set forth in the Class C Rights Description.

     8.    HEIRS AND SUCCESSORS.  This Agreement shall be binding upon,
and inure to the benefit of, the Company and its successors and assigns,
and upon any person acquiring, whether by merger, consolidation, purchase
of assets or otherwise, all or substantially all of the Company's assets
and business.  If benefits distributable to the Participant under this
Agreement have not been distributed at the time of the Participant's death,
such benefits shall be distributed to the Designated Beneficiary, in
accordance with the provisions of this Agreement.  The "Designated
Beneficiary" shall be the beneficiary or beneficiaries designated by the
Participant in a writing filed with the Manager in such form and at such
time as the Manager shall require.  If a deceased Participant fails to
designate a beneficiary, or if the Designated Beneficiary does not survive
the Participant, any benefits distributable to the Participant shall be
distributed to the legal representative of the estate of the Participant.
If a deceased Participant designates a beneficiary and the Designated
Beneficiary survives the Participant but dies before the complete
distribution of benefits to the Designated Beneficiary under this
Agreement, then any benefits distributable to the Designated Beneficiary
shall be distributed to the legal representative of the estate of the
Designated Beneficiary.

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     9.    ADMINISTRATION.  The authority to control and manage the
operation and administration of the Agreement shall be vested in the
Manager.  The Manager will have the authority and discretion to interpret
the Agreement, and to make all other determinations that may be necessary
or advisable for the administration of the Agreement.  Notwithstanding any
other provision of the Agreement, no benefit shall be distributed to any
person under the Agreement unless the Manager, in its sole discretion,
determines that such person is entitled to benefits under the Agreement.
The Manager may allocate all or any portion of its responsibilities and
powers to any one or more of its members and may delegate all or any part
of its responsibilities and powers to any person or persons selected by it.

Any such allocation or delegation may be revoked by the Manager at any
time.

     10.   EFFECT ON OTHER AGREEMENTS.  Nothing in this Agreement shall be
construed to limit the requirements and restrictions otherwise applicable
to the Covered Shares (including, without limitation, the requirements and
restrictions of the LLC Agreement, including the Class C Rights
Description.

     11.   FRACTIONAL SHARES.  In lieu of issuing a fraction of a share
resulting from an adjustment of this Award pursuant to the LLC Agreement or
otherwise, the Company will be entitled to pay to the Participant an amount
equal to the fair market value of such fractional share.

     12.   NOT AN EMPLOYMENT CONTRACT.  This Award will not confer on the
Participant any right with respect to continuance of employment or other
service with the Company or any Affiliate, nor will it interfere in any way
with any right the Company or any Affiliate would otherwise have to
terminate or modify the terms of such Participant's employment or other
service at any time.

     13.   NOTICES.  Any written notices provided for in this Agreement
shall be in writing and shall be deemed sufficiently given if either hand
delivered or if sent by fax or overnight courier, or by postage paid first
class mail.  Notices sent by mail shall be deemed received three business
days after mailing but in no event later than the date of actual receipt.
Notices shall be directed, if to the Participant, at the Participant's
address indicated by the Company's records, or if to the Company, at the
Company's principal executive office.

     14.   AMENDMENT.  This Agreement may be amended by written agreement
of the Participant and the Company without the consent of any other person.

     15.   APPLICABLE LAW.  The provisions of this Agreement shall be
construed in accordance with the laws of the State of Delaware, without
regard to the conflict of law provisions of any jurisdiction.

     16.   AFFILIATE PURCHASE TRANSACTION.  Notwithstanding the provisions
of the Class C Rights Description or any other provision of the LLC
Agreement, and notwithstanding any other provision of this Agreement, in
the event that the Company is a party to any Transaction with the Manager
or any Affiliate thereof as a result of which all or substantially all of
the Common Shares not held by the Manager or its Affiliates are converted
into the right to receive shares, securities or other property, the
Participant and the Company agree that the Covered Shares shall

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either:  (i) continue to remain outstanding in the event the Company
survives such Transaction; or (ii) be converted into a security of the
surviving entity to the transaction having such right and terms
substantially identical to those of the Class C Shares (except for changes
that do not materially and adversely affect the holders of the Class C
Shares), including as to (a) the percentage equity ownership interest that
the Class C Shares represent in the surviving entity and (b) the cumulative
aggregate preference on distributions to which the Class C Shares are
subject; provided however, that to the extent any cash consideration paid
to the holders of Common Shares in such Transaction is provided by the
Company and not contributed by the Manager or one of its Affiliates, the
cumulative aggregate preference on distributions to which the Class C
Shares are subject shall be reduced by the amount of such cash
consideration.  It is agreed that any Transaction effected in accordance
with the terms of this paragraph 16 shall not be deemed to materially and
adversely affect the voting rights or preferences of the holders of Class C
Shares.

     17.   DEFINITIONS.  Any capitalized terms that are not defined herein
shall have the meaning ascribed thereto in the LLC Agreement.  The
following terms used in this Agreement shall have the meaning set forth
below:

(a)  AFFILIATE.  The term "Affiliate" means any corporation or other
     entity that, directly or indirectly, controls or is controlled by the
     Company, or that is under common control with the Company.  For
     purposes of this definition, the term "controlling," "controlled by"
     or "under common control with" shall mean the possession, direct or
     indirect, of the power to direct or cause the direction of the
     management and policies of a corporation or other entity, whether
     through ownership of voting securities, by contract or otherwise.

(b)  CAUSE.  The term "Cause" means:

     (i)   the willful and continued failure by the Participant to
           substantially perform his duties with the Company (other than
           any such failure resulting from the Participant being Disabled)
           Within a reasonable period of time after a written demand for
           substantial performance is delivered to the Participant by the
           Manager, which demand specifically identifies the manner in
           which the Manager believes that the Participant has not
           substantially performed his duties;

     (ii)  the willful engaging by the Participant in conduct which is
           demonstrably and materially injurious to the Company or the
           Affiliates, monetarily or otherwise; or

     (iii) the engaging by the Participant in egregious misconduct
           involving serious moral turpitude to the extent that, in the
           reasonable judgment of the Company's Manager, the Participant's
           credibility and reputation no longer conform to the standard of
           the Company's executives.

For purposes of this Agreement, no act, or failure to act, on the
Participant's part shall be deemed "willful" unless done, or omitted to be
done, by the Participant not in good faith and without reasonable belief
that the Participant's action or omission was in the best interest of the
Company.

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(c)  CHANGE IN CONTROL.  The term "Change in Control" means the occurrence
     of any of the following:

     (i)   Any Person other than:

           (A)   The Manager or an Affiliate of the Manager;

           (B)   A corporation, trust or other entity owned, directly or
                 indirectly, by the shareholders of the Company on the
                 date of the transaction in substantially the same
                 proportions as their ownership of the Company;

           (C)   Any Person in which the Participant has a substantial
                 (10% or greater) direct or beneficial equity interest; or

           (D)   A Person that acquires Shares pursuant to a Business
                 Combination which complies with subparagraph (iii) of
                 this definition;

     is or becomes a beneficial owner (as defined in Rule 13d-3 under the
     Securities Exchange Act of 1934, as amended), directly or indirectly,
     of Shares representing 50% or more of the total voting power of the
     Company's then outstanding Shares;

     (ii)  A tender offer is made for the Shares and the Person making the
           offer owns or has accepted for payment Shares representing 50%
           or more of the total voting power of the Company's then
           outstanding Shares; or

     (iii) The Company consummates a reorganization, merger, consolidation
           or sale of all or substantially all of the assets of the
           Company (a "Business Combination") with or to any other Person
           (other than the Manager, the Participant or their respective
           Affiliates) other than a Business Combination which would not
           result in any Person (other than the Manager, Participant or
           their respective Affiliates) owning, directly or indirectly,
           50% or more of the combined voting power of the Company or such
           surviving entity's outstanding voting securities, immediately
           after such Business Combination.

(d)  CLASS C RIGHTS DESCRIPTION.  The term "Class C Rights Description"
     means the Rights and Terms of the Class C Common Shares set forth as
     Exhibit C to the LLC Agreement.

(e)  CODE.  The term "Code" means the Internal Revenue Code of 1986, as
     amended.  A reference to any provision of the Code shall include
     reference to any successor provision of the Code.

(f)  CONSTRUCTIVE DISCHARGE.  If (I) the Participant provides written
     notice to the Company of the occurrence of Good Reason (as defined
     below) within a reasonable period of time (not more than 30 days)
     after the Participant has knowledge of the circumstances constituting
     Good Reason, which notice specifically identifies the circumstances
     which the Participant believes constitute Good Reason; (II) the
     Company fails to notify the Participant of the Company's intended
     method of correction within a reasonable period of time after the
     Company receives the notice, or the Company fails to correct the

                                  10

<PAGE>

     circumstances within a reasonable period of time after such notice;
     and (III) the Participant resigns by written notice to the Company
     within a reasonable period of time after receiving the Company's
     response, if such notice under clause (II) above does not indicate an
     intention to correct such circumstances, or within a reasonable
     period of time after the Company fails to correct such circumstances;
     then the Participant shall be considered to have been subject to a
     Constructive Discharge by the Company.  For purposes of the foregoing
     provisions of this paragraph (f), "within a reasonable period of
     time" shall mean not more than 30 days.  Notwithstanding the
     foregoing provisions of this paragraph (f), the Participant shall not
     be deemed to have been subject to a "Constructive Discharge" unless
     the Participant remains in the employ of the Company (at the location
     where he was employed immediately prior to the occurrence of the
     events constituting Good Reason) for the period requested by the
     Company (not to exceed 90 days after the Participant provides written
     notice in accordance with clause (III) above).  For purposes of this
     Agreement, "Good Reason" shall mean, without the Participant's
     express written consent (and except in consequence of a prior
     termination of the Participant's employment), the occurrence of any
     of the following circumstances:

     (i)   The assignment to the Participant of any duties materially
           inconsistent with the Participant's position and status as
           Executive Vice President, or a change in the Participant's
           reporting relationship from the reporting relationship in
           effect on the Grant Date.

     (ii)  A reduction by the Company in the Partnership's Salary to an
           amount that the amount that is less than such rate on the Grant
           Date.

(g)  DATE OF TERMINATION.  The term "Date of Termination" means the first
     day occurring on or after the Grant Date on which the Participant is
     not employed by the Company or any Affiliate, regardless of the
     reason for the termination of employment; provided that a termination
     of employment shall not be deemed to occur by reason of a transfer of
     the Participant between the Company and an Affiliate or between two
     Affiliates; and further provided that the Participant's employment
     shall not be considered terminated while the Participant is on a
     leave of absence from the Company or an Affiliate approved by the
     Participant's employer.  If, as a result of a sale or other
     transaction, the Participant's employer ceases to be an Affiliate
     (and the Participant's employer is or becomes an entity that is
     separate from the Company), and the Participant is not, at the end of
     the 30-day period following the transaction, employed by the Company
     or an entity that is then an Affiliate, then the occurrence of such
     transaction shall be treated as the Participant's Date of Termination
     caused by the Participant being discharged by the employer.

(h)  DISABILITY.  The Participant shall be considered "Disabled" during
     any period in which he has a physical or mental disability which
     renders him incapable, after reasonable accommodation, or performing
     his duties as Executive Vice President of the Company.  The
     Participant shall be considered "Permanently Disabled" during any
     period in which he is Disabled; provided, however, that the
     Participant shall not be considered to be "Permanently Disabled"
     unless such Disability is reasonably expected by the Manager to
     continue for at least 90 days.

                                  11

<PAGE>

(i)  LLC AGREEMENT.  The term "LLC Agreement" means the Amended and
     Restated Limited Liability Company Agreement dated as of November 14,
     2002, as it may be amended from time to time.  Except where the
     context clearly implies or indicates the contrary, a word, term, or
     phrase used in the LLC Agreement is similarly used in this Agreement.

(j)  MANAGER.  The term "Manager" means Pacific Trail Holdings, LLC.

(k)  PERMITTED FAMILY TRANSFER.  The term "Permitted Family Transfer"
     means the sale or gift (including by will or bequest or comparable
     disposition) of any of the Covered Shares (after such Covered Shares
     have become vested under Section 4) by the Participant to: (i) the
     Participant's spouse, or a descendant, ancestor or sibling of the
     Participant; (ii) a trust for the primary benefit of any one or more
     of the Participant or the spouse, descendants, ancestors or siblings
     of the Partnership; or (iii) a partnership or limited liability
     company whose partners or members consist of one or more of the
     Participant, the spouse, descendants, ancestors or siblings of the
     Participant, or a trust for the primary benefit of such persons (each
     such person or entity being referred to herein as a "Related
     Person"), in each case that complies with all the provisions of the
     LLC Agreement and this Agreement, including, but not limited to
     Section 7 hereof.

     IN WITNESS WHEREOF, the Participant has executed this Agreement, and
the Company has caused these presents to be executed in its name and on its
behalf, all as of the Grant Date; provided that this Agreement shall not be
effective until executed by both the Participant and the Company.

                                  Participant

                                  /s/ Stephen A. Lovelette
                                  ------------------------------
                                  Stephen A. Lovelette

Kaanapali Land, LLC
By:  Pacific Trail Holdings, LLC
Its: Manager

By:  /s/ Gary Nickele
     --------------------

Name:President
     --------------------

                                  12CONSULTING AGREEMENT

         CONSULTING AGREEMENT (this "Agreement") dated as of December 1st, 2008,
between Turbodyne Technologies, Inc., and (the Company"), a Nevada corporation,
and John Adams ("Consultant").

         WHEREAS, the Company desires to engage Consultant to act as Chief
Executive Officer and a director on the Company's board of directors and assist
it with various functions as requested by the Company and agreed to by
Consultant from time to time, as set forth hereinafter and ;

         WHEREAS, Consultant has experience in the business, is qualified to and
desires to render such consulting and advisory services to the Company. (the
"Services");

         NOW, THEREFORE, in consideration of the premises, the mutual agreements
herein set forth and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

         1. Effectiveness; Retention of Consultant; Services to be Performed

                  (a) Effective as of the date of this Agreement the Company
engages Consultant to provide the Services during the Term (as defined in
paragraph 3) and Consultant hereby accepts such engagement and agrees to perform
the Services for the Company upon the terms and conditions set forth herein.
During the Term, Consultant shall devote such attention as needed to perform the
services required by this Agreement. This is not expected to be "full time"

                  (c) Consultant shall perform the Services hereunder at such
locations as are agreed to be appropriate for Consultant to perform his duties
under this Agreement. Under no circumstances shall Company expect Consultant to
relocate his residence. Travel requirements are expected to be minimal.

         2 Independent Contractor. In rendering services hereunder, Consultant
shall be acting as an independent contractor, workspace and managing his own
hours of work as determined by Consultant to fulfill the engagement, and not as
an employee of the Company. In Consultant's role as CEO, Consultant will be
acting on behalf of the Company and will commit the Company to actions. This
will be done appropriately to increase the value of the Company and in
accordance with the directions of the Board of Directors. Nothing contained in
this Agreement shall be construed or applied to create a partnership. Consultant
shall be responsible for the payment of all federal, state or local taxes
payable with respect to all amounts paid to Consultant under this Agreement;
provided, however, that if the Company is determined to be liable for collection
and/or remittance of any such taxes, Consultant shall reimburse the Company for
all such payments made by the Company, within a reasonable period of time and
provision of appropriate documentation.

<PAGE>

         3 Term. Unless terminated at an earlier date in accordance with
Paragraph 7, this Agreement shall terminate three years from the date of this
Agreement (the "Term").

         4 Compensation.

         (a) As compensation for Consultant's services hereunder, the Company
will pay Consultant consideration in the form of 12,000,000 shares of the
Company's common stock (the "Shares"). The Shares will be restricted from
transfer and will vest in accordance to vesting repurchase agreement defined in
i, ii, and iii below ("Vesting Agreement") The Shares shall be subject to
repurchase by the Company and such repurchase agreement will terminate in
accordance with the following schedule:

                  i 4,000,000 Shares shall be "service based" and the repurchase
         agreement will terminate at the end of each month on 111,111.11 Shares
         for each month of service.

                  ii. 4,000,000 Shares shall be "revenue based" and the
         repurchase agreement shall terminate upon filing of a report with the
         Securities & Exchange Commission containing reviewed or audited
         statements reflecting the recognition of revenue for the first sale of
         a production model of a Company product after the date hereof provided
         payment is made therefore and the product is not returned and provided
         such sale occurs during the period that the Consultant has provided
         services hereunder or pursuant to the Employment Agreement.

                  iii. 4,000,000 Shares shall be "EBITDA based" and the
         repurchase agreement will terminate upon filing of reports with the
         Securities & Exchange Commission containing reviewed or audited
         statements reflecting total EBITA or earnings before taxes, interest or
         amortization , of $1,000,000 and provided that such sales occur during
         the period that the Consultant has provided services hereunder or
         pursuant to the Employment Agreement.

         It is understood that a separate repurchase agreement will be entered
         into between the Company and Consultant that will govern the terms and
         address tax implications in connection with the compensation in this
         section 4(i), 4(ii) and 4(iii).

         5 Expenses. Consultant shall be reimbursed, in accordance with the
policies and procedures that the Company establishes from time to time, for all
reasonable and necessary out-of-pocket expenses that Consultant incurs in
performing the services hereunder, including, without limitation, reasonable
travel expenses incurred by Consultant.

                                      -2-
<PAGE>

         6 Protection of Trade Secrets, Know-How and/or Other Confidential
Information of the Company.

The position of CEO is of importance to the Company. It is naturally expected
that the CEO will work to enhance the value and growth of the Company and will
not disclose or misappropriate anything that would harm the Company. Even so, it
is important to protect the core value of the Company which lies in it
intellectual property and confidential information.

         (a) Consultant shall not divulge, furnish or make accessible to anyone
or use in any way (other than in accordance with the provisions herein or the
written policies of the Company) any confidential or secret knowledge or
information of the Company that Consultant has acquired or become acquainted
with during engagement by the Company or any affiliated companies prior to the
Term or will that he may acquire or become acquainted with during the Term,
whether developed by Consultant or by others, concerning any trade secrets or
confidential information. Trade Secrets and Confidential Information shall refer
to any and all trade secrets and confidential information , including but not
limited to all confidential or secret designs, processes, formulae, products or
future products, plans, devices or material (whether or not patented or
patentable) directly or indirectly related in any aspect of the business of the
Company, any customer or supplier lists of the Company, any confidential or
secret development or research work of the Company, or any other confidential
information or secret aspects of the business of the Company ("Company
Confidential Information")

         (b) . It is agreed that all materials produced for the Company by
Consultant, including any data collected or information produced for Company by
Consultant as well as Software, tools and other instrumentation or intellectual
property, or other inventions ( individually and collectively" Company
Intellectual Property"), created by Consultant during and/or as a result of the
engagement hereunder, shall be the property of the Company, free and clear of
all claims. Consultant shall retain no claim or assert any claim of authorship
therein. All rights therein of Consultant, if any, are hereby assigned to the
Company irrespective of whether such works constitute "works for hire". At the
request of the Company Consultant shall execute such documents as the Company
may desire to evidence or effect its ownership in the Company Intellectual
Property. All Company Intellectual Property , shall also be deemed Company
Confidential Information and subject as such to the provisions of this Agreement
relating to such information.

         (c) Upon termination of this Agreement, Consultant shall deliver to the
Company all property that is in his possession and that is the Company's
property or relates to the Company's business, including, but not limited to
corporate records, notes, data, memoranda, software, electronic information,
models, equipment, and any copies of the same. Consultant shall permanently
delete all of his electronic data containing such property after delivering such
data to the Company.

         (d) The parties acknowledges that the Company Confidential Information
constitutes a unique and valuable asset of the Company , acquired and developed
at great time and expense by the Company and predecessors, and that any
disclosure or other use of such knowledge or information other than for the sole
benefit of the Company would be wrongful and would cause irreparable harm to the
Company. Both during and after the Term Company and Consultant will refrain from

                                      -3-
<PAGE>

any acts or omissions that would reduce the value of such Company Confidential
Information or Consultant Confidential Information to the respective party. The
foregoing obligations of confidentiality, however, shall not apply to any
knowledge or information which is now published or which subsequently becomes
generally publicly known in the form in which it was obtained from the
respective party other than as a direct or indirect result of the breach of this
Agreement by respective party.

         (f) Consultant agrees that the breach of any other provision of this
Agreement by either party shall not, in any way, invalidate or void any
provision or the entirety of this Section 6 of this Agreement.

Nor shall it apply to knowledge or information that the Consultant is legally
required to disclose to Government, Courts or other entities.

         7 Termination.

         (a) Neither party may terminate this Agreement except as set forth
herein or by mutual agreement.

         (b) If the Consultant dies during the Term, the Term shall terminate
as of the date of the Consultant's death. If the Consultant becomes Totally
Disabled (as that term is defined below) for sixty days in the aggregate during
any consecutive twelve-month period during the Term, the Company shall have the
right to terminate this Agreement by giving the Consultant thirty (30) days'
prior written notice thereof. Upon termination of the Term under this Paragraph
7(b), the Company shall have no further obligations or liabilities under this
Agreement, except to pay to the Consultant: (i) the portion, if any, that
remains unpaid of the contractual compensation for periods prior to termination;
and (ii) the amount of any expenses reimbursable to Consultant.

         "Totally Disabled", as used herein, shall mean a mental or physical
condition which, in the reasonable opinion of an independent medical doctor
selected by the Company in his discretion, renders the Consultant physically
unable or mentally incompetent to carry out the material duties and
responsibilities of the Consultant under this Agreement.

         (c) The Company may terminate this Agreement for Cause upon written
notice and thereby immediately terminate his employment under this Agreement. In
the event that this happens, Consultant will still have the right to retain any
shares earned. For purposes of this Agreement, the Company shall have Cause to
terminate this Agreement, if in the reasonable good faith judgment of the
Company, Consultant (i) materially breaches any of his agreements, duties or
obligations under this Agreement and has not cured such breach within thirty
(30) days after Company's written notice, including, without limitation, the
Consultant's failure to perform his duties hereunder, other than a failure
resulting from his illness or sickness or vacation ( note that Consultant does
not regard this as a full time job); or (ii) embezzles or converts to his own
use any funds or assets of the Company;

                                      -4-
<PAGE>

         (d) Consultant may terminate this Agreement upon failure by the Company
to comply with the material provisions of this Agreement, which is not cured
within thirty (30) days after written notice. Consultant may also terminate this
Agreement if, in the reasonable opinion of his doctor, the work is having a
deleterious effect upon Consultant's health.

         (e) With mutual agreement, unless required for tax reasons, the Company
at any time may elect to terminate this agreement upon fifteen days notice and
enter into a separate written employment agreement ("Employment Agreement") with
Consultant for the balance of the Term. Such Employment Agreement shall commence
on the first day of the first calendar month following the aforesaid notice of
election. The provisions of paragraphs 4 through 10 hereof shall apply to the
Employment. During the balance of the Term under the Employment Agreement the
Consultant shall devote his time and attention to the affairs of the Company and
not engage in any business activity with another entity. The Employment
Agreement shall contain such other non material terms and provisions as may be
customary in the reasonable opinion of counsel to the Company, for agreements of
this type without modifying paragraphs 4 through 10 and agreed to by the
Consultant.

         8 Covenants

         (a) The Consultant hereby covenants and agrees that during the term of
this Agreement, the Consultant shall not, within the boundaries of the
Territory, without the prior written consent of the Companies (which consent may
be withheld in the sole and absolute discretion of Companies), directly or
indirectly, either alone or in association or in connection with or on behalf of
any person, firm, partnership, corporation or other entity or venture now
existing or hereafter created: (i) be or become interested or engaged in,
directly or indirectly, with any Competitive Business including, without
limitation, being or becoming an organizer, investor, lender, partner, joint
venturer, stockholder, officer, director, employee, manager to any Competitive
Business, or (ii) use or permit the use of the Consultant's name or any part
thereof to be used or employed in connection with any Competitive Business
(collectively and severally the ("Noncompetition Covenants"). Notwithstanding
the foregoing, the provisions of this paragraph shall not be deemed to prevent
the purchase or ownership by the Consultant as a passive investment of the
outstanding capital shares of any publicly held corporation, so long as any
other obligation or duty under the Noncompetition Covenants are not breached.
For purposes of this paragraph 8.1, the following capitalized terms shall have
the definitions set forth below:

                  i "Competitive Business" - The term "Competitive Business" is
         defined as any business that directly competes with the business
         conducted by the Company whether such business is conducted by a
         proprietorship, partnership, corporation or other entity or venture.

                  ii "Territory" - The term "Territory" is defined as the United
         States and any country in which the Company is marketing the Company's
         products.

                                      -5-
<PAGE>

         (b) The Consultant will not, directly or indirectly, individually or on
behalf of other persons, solicit, aid or induce (i) any employee of the Company
or any of his affiliates to leave their employment with the Company or its
affiliates to accept employment with or render services to or with any person,
firm, corporation or other entity or assist or aid any other person, firm,
corporation or other entity in identifying or hiring away such employee, (ii)
any customer or vendor of the Company to alter its business relationship with
the Company or to purchase products or services then sold by the Company or its
affiliates from another person, firm, corporation or other entity or assist or
aid any other person or entity in identifying or soliciting any such customer or
vendor or (iii) any other remaining employee of the Company or its affiliates to
leave such employee's employment with the Company or its affiliates.

         (c) During the Term, and for a period of one year after the termination
or expiration of the Agreement, Consultant shall not, directly or indirectly,
make or publish any disparaging statements(whether written or oral) regarding
the Company or any of its affiliated companies or businesses, or the affiliates,
directors, officers, agents, principal stockholders or customers of any of them
disparaging statements including, but not limited to, any such statements to any
employee of the Company or its affiliates or any customer, vendor supplier or
licensor.

         (d) The Parties agree that the remedy at law for any breach by the
Consultant of this Agreement and specifically the provisions of paragraphs 6 and
8 will be inadequate and that the Company or any of its subsidiaries or other
successors or assigns shall be entitled to injunctive relief without bond. Such
injunctive relief shall not be exclusive, but shall be in addition to any other
rights and remedies Company or any of its subsidiaries or their successors or
assigns might have for such breach.

         9 Mediation/Arbitration.

         The parties shall first attempt to resolve any dispute through the
appointment of a mutually agreeable mediation service.

Except as otherwise provided herein any claim or dispute of any nature between
the parties hereto arising directly or indirectly from the relationship created
by this Agreement shall be resolved exclusively by arbitration in the state of
California, in accordance with the applicable rules of the American Arbitration
Association. The fees of the arbitrator(s) and other reasonable costs incurred
by the parties in connection with such arbitration shall be paid equally by the
parties. The decision of the arbitrator(s) shall be final and binding upon both
parties. Judgment of the award rendered by the arbitrator(s) may be entered in
any court having jurisdiction thereof. In the event of submission of any dispute
to arbitration, each party shall, not later than 30 days prior to the date set
for hearing, provide to the other party and to the arbitrator(s) a copy of all
exhibits upon which the party intends to rely at the hearing and a list of all
persons each party intends to call at the hearing.

         10 Indemnity. The Company shall indemnify and hold Consultant harmless
from all liability related to its prior and future business to the full extent
permitted by the laws of its state of incorporation. The Company shall use its
best efforts to secure a directors and officers insurance policy.

                                      -6-
<PAGE>

         11 Miscellaneous.

         (a) Except as otherwise provided herein, this Agreement (including the
exhibits, schedules and other documents referred to herein) contains the entire
understanding between the parties hereto with respect to the subject matter
hereof and supersedes any prior understandings, agreements or representations,
written or oral, relating to the subject matter hereof.

         (b) This Agreement may be executed in separate counterparts, each of
which will be an original and all of which taken together shall constitute one
and the same agreement, and any party hereto may execute this Agreement by
signing any such counterpart.

         (c) Whenever possible, each provision of this Agreement shall be
interpreted in such a manner as to be effective and valid under applicable law
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable under any applicable law or rule, the validity, legality and
enforceability of the other provision of this Agreement will not be affected or
impaired thereby.

         (d) This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective heirs, personal representatives and, to
the extent permitted successors and assigns. This Agreement and the rights and
obligations of the parties hereunder shall not be assignable, in whole or in
part, by either party without the prior written consent of the other party,
except it may be assigned by the Company, without Consultant's consent in any
company which acquired all or substantially all of the Company's business or
assets or with which the Company is merged or consolidated.

         (e) No provision of this Agreement may be modified, amended, waived or
terminated except by an instrument in writing signed by the parties to this
Agreement. No course of dealing between the parties will modify, amend, waive or
terminate any provision of this Agreement or any rights or obligations of any
party under or by reason of this Agreement

         (f) All notices, consents, requests, instructions, approvals or other
communications provided for herein shall be in writing and delivered by personal
delivery, overnight courier, mail, electronic facsimile or e-mail addressed to
the receiving party at the address set forth herein. All such communications
shall be effective when received.

                             If to the Company:

                             Turbodyne Technologies, Inc.
                             115 East 57th Street, 11th Floor
                             New York, NY 10022
                             Attention Senior Officer: Jason Meyers

                                      -7-
<PAGE>

                             If to the Consultant:

                             John Adams
                             6912 Rainbow Drive SE
                             Salem OR 97306

         Any party may change the address set forth above by notice to each
other party given as provided herein.

         (g) The headings and any table of contents contained in this Agreement
are for reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement.

         (h) ALL MATTERS RELATING TO THE INTERPRETATION, CONSTRUCTION, VALIDITY
AND ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PROVISIONS
THEREOF.

         (i) Nothing in this Agreement, express or implied, is intended to
confer upon any other person any rights, remedies, obligations or liabilities of
any nature whatsoever.

         (j) No delay on the part of the Company in exercising any right
hereunder shall operate as a waiver of such right. No waiver, express or
implied, by the Company of any right or any breach by Consultant shall
constitute a waiver of any other right or breach by Consultant.

         (k) EACH PARTY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date set forth in the first paragraph.

Consultant                          Turbodyne Technologies, Inc.

__________________________          By: ________________________________
 John Adams                            Jason Meyers, Chairman and senior officer

                                      -8-

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