Jamba Juice 2007 Annual Report Download - page 116
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Table of Contents
NOTE 5. RELATED PARTY TRANSACTIONS
Coffee Partners Hawaii
In 2001, the Company entered into a management agreement with Coffee Partners Hawaii (CPH), a Hawaii general partnership and affiliated entity.
Under the terms of this agreement, certain administrative services and/or support such as accounting, payroll administration, executive management, store
development, marketing, human resources, and training are to be provided to the Company in return for a management fee. The agreement also provides for
certain management and development consulting services to be provided to CPH by the Company. This agreement was terminated in 2006.
Café Del Caribe, LLC
In 2002, the Company entered into a management agreement with affiliate Café Del Caribe, LLC (CDC), a Delaware limited liability company, whereby
certain executive management, administrative, marketing and store development services and/or support are provided to CDC in return for a management fee.
The Company recognized management fees of approximately $3,000 in 2005 in conjunction with this agreement. This agreement was terminated in 2006.
JJC
In June 28, 2005, the Company entered into a management agreement with JJC for JJC to manage and perform all of the day-to-day operations of the
Company’s stores. JJC is responsible for the accounting services for the Company. These services are currently outsourced to RSM McGladery.
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