Exhibit 10.26

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THIRD AMENDMENT TO
FIRST AMENDED AND RESTATED CREDIT AGREEMENT
THIS THIRD AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is made as of the 4th day of November, 2016, by and among ALICO,
INC., a Florida corporation (“Alico”), ALICO LAND DEVELOPMENT, INC., a Florida
corporation (“ALDI”), ALICO-AGRI, LTD., a Florida limited partnership
(“Alico-Agri”), ALICO PLANT WORLD, L.L.C., a Florida limited liability company
(“Plant World”) and ALICO FRUIT COMPANY, LLC, a Florida limited liability
company (“Alico Fruit”; and collectively with Alico, ALDI, Alico-Agri, and Plant
World, “Borrower”) and in favor of METROPOLITAN LIFE INSURANCE COMPANY, a New
York corporation (“Servicer” or “MetLife”), as lender (“Lender”) and as
servicer, pursuant to that Amended and Restated Co-Lending Agreement dated as of
August 12, 2015 (the “Restated Co-Lending Agreement”).
W I T N E S S E T H:
WHEREAS, the parties hereto are parties to the Amended and Restated Credit
Agreement dated December 1, 2014, as amended by that certain Amendment to First
Amended and Restated Credit Agreement dated effective February 1, 2015, and as
further amended by that certain Second Amendment to First Amended and Restated
Credit Agreement dated effective August 12, 2015 (collectively, the “Restated
Credit Agreement”); and
WHEREAS, Rabo AgriFinance LLC (formerly known as Rabo Agrifinance, Inc.)
(“Rabo”), MetLife, and New England Life Insurance Company, a Massachusetts
corporation (“NEL”), as co-lenders, (individually and collectively,
“Co-Lenders”) are parties to the Restated Co-Lending Agreement; and
WHEREAS, the parties hereto wish to make certain modifications in the terms of
the Restated Credit Agreement, as described herein; and
WHEREAS, Rabo desires to sell and assign all of its interest and participation
in the Loans made under the Restated Credit Agreement and the Restated
Co-Lending Agreement to MetLife such that MetLife will be the successor in
interest to Rabo’s interest under the Restated Credit Agreement, Restated
Co-Lending Agreement and related loan documents.
NOW, THEREFORE, in consideration of the foregoing and the mutual and reciprocal
promises and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by
all parties, the Co-Lenders and Borrower agree as follows:
1.    Definitions. All capitalized terms not defined herein shall have the
meaning attributed to such term in the Restated Credit Agreement.
2.    Removal and Release of Rabo as Co-Lender. The Restated Credit Agreement is
hereby amended to remove Rabo as a Co-Lender (as defined in Section 9 of the
Restated Credit

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Agreement). The parties agree that Rabo is hereby released from and shall no
longer be subject to any of the rights, obligations, and privileges of a
Co-Lender under the Restated Credit Agreement, and from and after the effective
date of this Amendment, shall not be included in the term “Co-Lender[s]” for any
purpose. The parties further agree that (i) Rabo has complied with the
requirements set forth in the Restated Co-Lending Agreement with respect to the
transfer and assignment of the Assigned Notes (as defined below), (ii) Rabo is
hereby released from and shall no longer be subject to any of the rights,
obligations, and privileges of a Co-Lender under the Restated Co-Lending
Agreement, and from and after the effective date of this Amendment, shall not be
included in the term “Co-Lender[s]” for any purpose, and (iii) MetLife hereby
assumes the rights, obligations, and privileges of Rabo under the Restated
Co-Lending Agreement and shall be bound by the provisions of such agreement as
Rabo’s successor in interest.
3.    Assignment of Certain Notes. In consideration of the payment by MetLife to
Rabo of the purchase price set forth on Annex I hereto, Rabo hereby transfers,
assigns, grants, and conveys, without any representation, warranty or recourse,
to MetLife all of Rabo’s right, title and interest in and to the Libor Term Loan
“B” Note and the RLOC Loan Note (the “Assigned Notes”), which are secured by,
among other things, the Collateral Documents listed in Section 1.4 of the
Restated Credit Agreement together with that certain Mortgage Spreader Agreement
dated as of July 29, 2015, recorded in the Public Records of DeSoto County,
Florida (collectively, the “Collateral Documents”). The parties agree that
MetLife, as an assignee of the Assigned Notes, is a secured party under the
Collateral Documents and Rabo is no longer a secured party under the Collateral
Documents. All obligations of Borrower under the Assigned Notes and the Restated
Credit Agreement with respect to the Assigned Notes run to and for the benefit
of MetLife. Such obligations are fully enforceable by MetLife as if the Assigned
Notes had been originally issued in its favor.
4.    Full Force and Effect. Except as expressly modified by this Amendment, the
Restated Credit Agreement remains in full force and effect in accordance with
its terms.
5.    Counterparts. This Amendment may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, and it shall not be
necessary in making proof of this Amendment to produce or account for more than
one such counterpart.
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of
the date and year first above written.

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SERVICER/LENDER:
METROPOLITAN LIFE INSURANCE
COMPANY, a New York corporation
By:     
Name: Greg G. Gallaway 
Title: Director
CO-LENDER:

NEW ENGLAND LIFE INSURANCE COMPANY, a Massachusetts corporation
By: Metropolitan Life Insurance Company,
a New York corporation,
its Investment manager
By:     
Name: Greg G. Gallaway 
Title: Director
   

ALICO FRUIT COMPANY, LLC, a Florida limited liability company
By: Alico, Inc., a Florida corporation, its
Managing Member
By:     
Name: ___________________________ 
Title: ____________________________

ACKNOWLEDGEMENT AND CONSENT
This undersigned hereby acknowledges and consents to the terms and conditions of
this Amendment

RABO:

RABO AGRIFINANCE LLC, a Delaware limited liability company
By: _______________________________
Name: _____________________________
Title: ______________________________
BORROWER:
ALICO, INC.,
a Florida corporation
By:     
Name: ___________________________ 
Title: ____________________________
ALICO LAND DEVELOPMENT, INC., 
a Florida corporation
By:     
Name: ___________________________ 
Title: ____________________________

ALICO-AGRI, LTD., a Florida limited
partnership 
 
By: Alico, Inc., a Florida corporation, its
General Partner
By:     
Name: ___________________________ 
Title: ____________________________

ALICO PLANT WORLD, L.L.C., a Florida
limited liability company 
 

By: Alico, Inc., a Florida corporation, its
Manager
By:     
Name: ___________________________ 
Title: ____________________________

Title: ______________________________

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Annex I

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