exhibit1002.htm


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    APPLICABLE
DOCUMENTARY STAMP TAXES HAVE BEEN PAID ON

    AND
AFFIXED TO THE MORTGAGE SECURING THIS NOTE

    


    


    
      	 
      	
              Alico
      $40,000,000 Term Loan 2010

            
	 
      	
              Real
      Estate Term Loan: 10053500

            


    

     

    TERM LOAN
NOTE

     

    
      	
              $40,000,000.00

            	
              September
      8, 2010

            


    

    FOR VALUE
RECEIVED, the undersigned (individually and collectively, “Borrower”), hereby
promise to pay to the order of RABO AGRIFINANCE, INC., a Delaware corporation
(“Lender”) the
principal sum of Forty Million Dollars and No Cents ($40,000,000.00) and
interest thereon, at such interest rates and at such times as are specified in
the Credit Agreement between Borrower and Lender dated as of the date hereof
(the “Credit
Agreement”).  Both principal and interest are payable to Lender
at such times as are specified in the Credit Agreement.  All payments
shall be made to Lender  in lawful money of the United States of
America at 12443 Olive Boulevard, Suite 50, St. Louis, MO 63141, or such
other place as Lender directs, in same day funds.  All terms used but
not defined in this Term Loan Note are as defined in the Credit
Agreement.

     

    This Term
Loan Note is referred to in, and is subject to the terms and conditions of the
Credit Agreement.  The Credit Agreement, among other things, contains
provisions for acceleration of the maturity hereof upon the occurrence of
certain stated events.

     

    This Term
Loan Note is secured by the Collateral Documents (defined in the Credit
Agreement) and any other collateral or security documents now or hereafter
executed and delivered by Borrower to Lender.

     

    Borrower
has executed and delivered this Term Loan Note as of the day and year first
written above.

     

    


     

    BORROWER

     

    Alico, Inc., a Florida
corporation

     

    By:           /S/ JD
Alexander

     

    Its:          Chief
Executive Officer

     

    Alico-Agri, Ltd., a Florida limited
partnership

     

    By:           Alico,
Inc., a Florida corporation,

     

    its General Partner

     

    By:           /S/ JD
Alexander

     

    Its:          Chief
Executive Officer

     

    Alico Plant World, L.L.C., a Florida
limited liability company

     

    By:           Alico,
Inc., a Florida corporation,

     

    its Manager

     

    By:           /S/ JD
Alexander

    Its:           Chief
Executive Officer

    


     

    SIGNATURES
CONTINUE ON NEXT PAGE

     


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    


     

    Bowen Brothers Fruit, LLC, a Florida
limited liability company

     

    By:           Alico,
Inc., a Florida corporation,

     

    its Managing Member

     

    By:           /S/ JD
Alexander

     

    Its:          Chief
Executive Officer

     

    Alico Land Development Inc., a Florida
corporation

     

    By:           /S/ JD
Alexander

     

    Its:           Chief
Executive Officer