Exhibit 10.7


Real Estate Term Loan: 10053500


Real Estate Line of Credit: 10053600

/jlm


FOURTH AMENDMENT TO CREDIT AGREEMENT


This FOURTH Amendment
to Credit Agreement ("Amendment") is entered into and is dated and made effective as of April 1, 2013 between ALICO,
INC., a Florida corporation; ALICO-AGRI, LTD., a Florida limited partnership; ALICO PLANT WORLD, L.L.C., a Florida limited liability
company; ALICO FRUIT COMPANY, LLC, a Florida limited liability company (f/k/a Bowen Brothers Fruit, LLC, a Florida limited liability
company); and ALICO LAND DEVELOPMENT, INC., a Florida corporation (individually and collectively, the "Borrower") and
RABO AGRIFINANCE, INC., a Delaware corporation (the "Lender"). The Borrower and the Lender agree as follows:


PRELIMINARY STATEMENT. The Borrower and the
Lender have entered into a Credit Agreement dated as of September 8, 2010, as amended by the First Amendment to Credit Agreement
dated as of August 1, 2011, as further amended by the Second Amendment to Credit Agreement dated as of December 21, 2011 and as
amended by the Third Amendment to Credit Agreement dated as of June 11, 2012 (said agreement as amended by any and all modifications
or amendments thereto is hereinafter referred to as the "Credit Agreement". The terms defined in the Credit Agreement
are used herein as therein defined).


Borrower and Lender wish to amend certain provisions of the
Credit Agreement.


NOW, THEREFORE, Borrower and Lender agree as follows:


ARTICLE 7 - BORROWER COVENANTS


Section 7.08 (c) is hereby amended to read:


7.08Reporting Requirements. Borrower shall furnish to
Lender:


(c)     no
less frequently than 30 days after the end of each fiscal year, financial projections for Borrower's operations for the
upcoming fiscal year, specifying the assumptions on which they are based.


 


Representations and Warranties. Borrower represents
and warrants that:


(a)     All representations made
by Borrower to Lender in the Credit Agreement are true and correct as if first made as of the date of this agreement;


(b)     the execution, delivery and performance
by Borrower of this agreement and the Credit Agreement, as amended by this agreement, are within Borrower's powers, have been duly
authorized by all necessary company action and do not contravene Borrower's articles of organization or operating agreement, as
applicable, or any law or any contractual restriction binding on or affecting Borrower, or result in, or require, the creation
of any lien, security interest or other charge or encumbrance upon or with respect to any of the Borrower's properties, other than
in favor of Lender;


(c)     no authorization,
approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the
due execution, delivery and performance by Borrower of this agreement or the Credit Agreement, as amended by this agreement;


(d)     this agreement and the Credit Agreement,
as amended by this agreement, constitute, legal, valid and binding obligations of Borrower enforceable against Borrower in accordance
with their respective terms; and


(e)     no Event of Default or event which,
with the giving of notice or the passage of time would be an Event of Default has occurred, unless waived by the terms and conditions
of this agreement.


Modification Agreement. This agreement
does not release or extinguish the Obligations under the Credit Agreement. All Collateral granted to or for the benefit of Lender
for purposes of securing the Obligations also secures the Obligations under the Credit Agreement, as amended by this agreement;
and Borrower reaffirms the terms and provisions of all Collateral Documents.



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WAIVER OF PRIOR CLAIMS. BORROWER
WAIVES AND RELEASES ANY AND ALL CLAIMS AGAINST LENDER, ITS PARENT, SUBSIDIARIES, AFFILIATES AND ITS MERGED PREDECESSOR, AG SERVICES
OF AMERICA, INC., THE SUBSIDIARY OF SUCH PREDECESSOR, AG ACCEPTANCE CORPORATION, AND THE RESPECTIVE SUCCESSORS, ASSIGNS, PARTICIPANTS,
AGENTS AND EMPLOYEES OF EACH AND ALL OF THE FOREGOING, RELATING OR PERTAINING TO OR AS A RESULT OF THE EXISTING LOANS, AND ANY
OTHER ACT OR OMISSION WHICH HAS OCCURRED PRIOR TO THE EXECUTION OF THIS AGREEMENT, INCLUDING ALL CLAIMS OF USURY, FRAUD, DECEIT,
MISREPRESENTATION, UNCONSCIONABILITY, DURESS, OR LENDER LIABILITY, ANY OTHER CLAIM IN TORT OR IN CONTRACT, OR FOR VIOLATION OF
ANY LAW, RULE OR REGULATION.


Reference to and Effect on the Credit Agreement.


(a)      On and after
the date hereof, each reference in the Credit Agreement to "this agreement", "hereunder" "hereof', "herein"
or words of like import shall mean and be a reference to the Credit Agreement as amended hereby.


(b)     Except as specifically amended by any
prior amendments, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed.


(c)     The execution,
delivery and effectiveness of this amendment shall not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of Lender under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.


Execution in Counterparts. This Amendment
may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and
all of which taken together shall constitute but one and the same instrument.


Expenses. The Borrower shall
pay on demand all costs and expenses incurred by the Lender in connection with the preparation, execution, delivery, filing, and
administration of this Amendment (including, without limitation, Legal Fees incurred in connection with the preparation of this
Amendment and advising the Lender as to its rights, and the cost of any credit verification reports or field examinations of the
Borrower's properties or books and records). The Borrower's obligations to the Lender under this Section shall survive termination
of this Agreement and repayment of the Borrower's obligations to the Lender under the Credit Agreement.


IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be executed as of the date first above written





	 	BORROWER
	 	 	 
	 	 	 
	 	 	 
	 	ALICO, INC., a Florida corporation
	 	 	 
	 	By:  	/s/ J.D. Alexander
	 	 	J.D. ALEXANDER, Chief Executive Officer
	 	 	 
	 	 	 
	 	 	 
	 	ALICO-AGRI, LTD., a Florida limited partnership
	 	 	 
	 	By:	ALICO, INC., a Florida corporation,
its General Partner
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.D. ALEXANDER, Chief Executive Officer









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		ALICO PLANT WORLD, L.L.C., a Florida limited liability company
	 	 	 
	 	By:	ALICO, INC., a Florida corporation
	 	 	 
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J. D. ALEXANDER, Chief Executive Officer
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	ALICO FRUIT COMPANY, LLC, a Florida limited liability company

    (f/k/a Bowen Brothers Fruit, LLC, a Florida limited liability company)
	 	 	 
	 	By:	ALICO, INC., a Florida corporation,
its Managing Member
	 	 	 
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J. D. ALEXANDER, Chief Executive Officer
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	ALICO LAND DEVELOPMENT, INC., a Florida corporation
	 	 	 
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J. D. ALEXANDER, Chief Executive Officer
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	LENDER
	 	 	 
	 	RABO AGRIFINANCE, INC.
	 	 	 
	 	 	 
	 	By:	/s/ Shirley L. Dobbs
	 	 	SHIRLEY L. DOBBS, Vice President










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