Document:

EX-10.4

 Exhibit 10.4 
  

 
 Requirements of 

Continental Stock Transfer & Trust Company 

As Transfer Agent and Registrar 

 

 
  
 Requirements of 

Continental Stock Transfer & Trust Company as Transfer Agent and Registrar 

 

	1.	 Agreement and Certified Copy of Board Resolution for our Appointment as Transfer Agent and Registrar.

  

	2.	 Charter or Certificate of Incorporation and any Amendments thereto certified by the proper official of the
State of Incorporation, under original seal, or with evidence of their filing. 

  

	3.	 By-Laws and any amendments thereto certified by the Corporate
Secretary. 

  

	4.	 Corporate Information including Authorized Signatories and Specimen Signatures (forms enclosed).

  

	5.	 Form W-9, Request for Taxpayer Identification Number and Certification,
signed by an authorized officer of the entity. 

  

	6.	 Supply of stock certificates signed by proper officers of the Corporation, if applicable.

 NOTE: PROOFS OF THE CERTIFICATES MUST BE SUBMITTED TO AND APPROVED BY US BEFORE PRINTING. 

 

	7.	 Opinion of Counsel for the Corporation advising as to: 

 

	(a)	 the proper organization of the Corporation; 

 

	(b)	 the legality of the issuance of its presently issued Capital Stock and Capital Stock being issued in connection
with a public offering; 

  

	(c)	 the full compliance as to the aforementioned Capital Stock with the Federal Securities Act of 1933, as amended,
or the reason and statutory reference under which exemption is claimed if registration under said Act is not necessary; and 

  

	(d)	 advice as to the details of any and all reserves of Capital Stock. 

 

	8.	 If any of the certificates of stock for which the Transfer Agent and Registrar will act are issued and
outstanding prior to our appointment: 

  

	 	(a)	 a certified list of all stockholders showing their names, addresses, number of shares and certificate numbers
held, certified by the Corporate Secretary under the Corporate seal; 

  

	 	(b)	 a letter signed by the Corporate Secretary listing all stock certificates against which stop transfer orders
are in force, together with the nature and reason for such stop orders or, if no such stop orders are in force, a statement to that effect; and 

  

	 	(c)	 letter signed by the Corporate Secretary giving the numbers of any unused stock certificates and advising that
such certificates have been destroyed or cancelled. 

 Initial Public Offering clients: please provide a letter of instruction, signed
by two corporate officers, authorizing and directing the Transfer Agent and Registrar to issue securities in accordance with the underwriter’s instructions or the Company’s instructions, as the case may be. 

 
 CSTT 2016 

Confidential and Proprietary Information 

 Certificate of Secretary, continued 

 
 TRANSFER AGENCY AND REGISTRAR SERVICES AGREEMENT 

This Transfer Agency and Registrar Services Agreement (this “Agreement”), dated as of December 12, 2017 is between the Ethereum
Investment Trust (the “Trust”), a Delaware statutory trust, and Continental Stock Transfer & Trust Company, a New York limited purpose trust company (“CST”). 

1. Appointment as Transfer Agent. The Trust hereby appoints CST to act as sole transfer agent and registrar for the shares of the
Trust and for any such other securities as set forth in Exhibit A hereto (which the Trust shall update as necessary to keep complete and accurate) and as the Trust may request in writing (the “Shares”) in accordance with the
terms and conditions hereof, and CST hereby accepts such appointment. In connection with the appointment of CST as transfer agent and registrar for the Trust, the Trust shall provide CST: (a) Specimens of all forms of outstanding stock
certificates, in the forms approved by the Trust’s sponsor, Grayscale Investments, LLC (the “Sponsor”), with a certificate of the secretary of the Sponsor as to such approval; (b) Specimens of the signatures of the officers of
the Sponsor authorized to sign stock certificates and specimens of the signatures of the individuals authorized to sign written instructions and requests; (c) A copy of the declaration of trust and trust agreement of the Trust and, on a
continuing basis, copies of all material amendments to such declaration of trust and trust agreement made after the date of this Agreement (such amendments to be provided promptly after such amendments are made); and (d) A sufficient supply of
blank certificates signed by (or bearing the facsimile signature of) the officers of the Sponsor authorized to sign stock certificates on behalf of the Trust and bearing the Trust’s corporate seal (if required). CST may use certificates bearing
the signature of a person who at the time of use is no longer an officer of the Sponsor. Whenever the terms “shares” or stock “certificates” are used herein they shall include physical stock certificates as well book entry and/or
DRS positions. 
 2. Additional Services. CST may provide further services to, or on behalf of, the Trust as may be agreed upon between
the Trust and CST. Should CST so elect, CST shall be entitled to provide services to reunify shareholders with their assets, provided the Trust incurs no additional charge for such services. Furthermore, CST shall provide information agent and proxy
solicitation services to the Trust on terms to be mutually agreed upon by the parties hereto. This agreement shall include CST’s additional authority as successor Exchange Agent on pre-existing exchanges
and as Exchange Agent, Paying Agent or Dividend Disbursing Agent on any additional shares of said class or additional classes of stock which may hereafter be authorized by the Trust. If CST is designated as Exchange Agent or Paying Agent in
connection with a corporate action, CST’s authority will continue thereafter for escheatment and/or merger cleanup services for such transactions. 

3. Trust Representations and Warranties. 

a. The Trust represents and warrants to CST that: (i) it is a statutory trust duly organized and validly existing and in good standing
under the laws of the state of its formation; (ii) it is empowered under applicable laws and governing instruments to enter into and perform this Agreement; and (iii) all corporate proceedings required by such governing instruments and
applicable law have been taken to authorize it to enter into and perform this Agreement. 
 b. All shares to be issued during the term of
this appointment shall be duly authorized, validly issued, fully paid and non-assessable. Any shares not registered under the Securities Act of 1933 and the Securities Exchange Act of 1934 shall be issued or
transferred in a transaction or series of transactions exempt from the registration provisions of the relevant law, and in each such issuance or transfer, the Trust be so advised by its legal counsel’s opinion and all shares issued or to be
issued bear or shall bear all appropriate legends. 
 c. The Trust shall promptly advise CST in writing of any change in the capital
structure of the Trust, and the Trust shall promptly provide CST with shareholder consent authorizing any recapitalization of the Shares or change in the number of issued or authorized Shares. 

d. When certificates of the Trust’s stock shall be presented to it for transfer and registration, CST is hereby authorized to refuse to
transfer and register the same until it is satisfied that the requested transfer is legally in order; and that the Trust, shall indemnify and hold harmless CST, and CST shall incur no liability for the refusal, in good faith, to make transfers which
it, in its judgment, deems improper or unauthorized. CST may rely upon the Uniform Commercial Code and 
  

CSTT 2016 
 Confidential and Proprietary Information | Continental
Stock Transfer & Trust Company 

 Certificate of Secretary, continued 

 
 generally accepted industry practice in effecting transfers, or delaying or refusing to
effect transfers. If, on a transfer of a restricted item, the Trust’s counsel fails to issue an opinion or to provide adequate reasons therefore within ten business days of a request to do so, CST is authorized, but not required, to process
such transfer upon receipt of an appropriate opinion of presenter’s counsel. 
 4. CST’s Reliance. 

a. CST may act and rely on, and shall incur no liability and shall be fully indemnified by the Trust from any liability whatsoever in acting in
accordance with, written or oral instructions received from any person it believes in good faith to be an officer, authorized agent or employee of the Trust, unless prior thereto (i) the Trust shall have advised CST in writing that it is
entitled to act and rely only on written instructions of designated officers of the Sponsor; (ii) it furnishes CST with an appropriate incumbency certificate for such officers and their signatures; and (iii) the Trust thereafter keeps such
designation current with an annual (or more frequent, if required) re-filing. CST may also act and rely on advice, opinions or instructions received from the Trust’s legal counsel. CST may, in any event,
act and rely without liability on advice received from its legal counsel. 
 b. CST may act and rely on, and shall incur no liability and
shall be fully indemnified by the Trust from any liability whatsoever in acting in accordance with: (i) any writing or other instruction believed by it in good faith to have been furnished by or on behalf of the Trust or a holder of one or more
Shares (a “Shareholder”), including, but not limited to, any certificate, instrument, opinion, notice, letter, stock power, affidavit or other document or security; (ii) on any statement of fact contained in any such writing or
instruction which CST in good faith does not believe to be inaccurate; (iii) on the apparent authority of any person to act on behalf of the Trust or a Shareholder as having actual authority to the extent of such apparent authority;
(iv) on the authenticity and genuineness of any signature (manual or facsimile) appearing on any writing, including, but not limited to, any certificate, instrument, opinion, notice, letter, stock power, affidavit or other document or security;
and (v) on the conformity to original of any copy. CST shall further be entitled to rely on any information, records and documents provided to CST by a former transfer agent or former registrar on behalf of the Trust. CST is authorized by the
Trust to respond to subpoenas and/or document requests from the SEC without further authorization, and may bill the Trust for reasonable compliance costs. 

c. When CST deems it expedient, it may apply to the Trust, or the counsel for the Trust, or to its own counsel for instructions and advice,
that the Trust will promptly furnish or will cause its counsel to furnish such instructions and advice, and, for any action taken in accordance with such instructions or advice, or in case such instructions and advice shall not be promptly furnished
as required by this resolution, the Trust will indemnify and hold harmless CST from any and all liability, including attorney fees and court costs. CST may, at its discretion, but shall have no duty to prosecute or defend any action or suit arising
out of authorizations hereby granted unless the Trust shall, when requested, furnish it with funds or the equivalent to defray the costs of such prosecution or defense. CST may, without liability to CST, refuse to perform any act in connection with
this Agreement when, in good faith reliance on opinion of its counsel, it believes such act may subject it to civil or criminal liability under any statute or law of any state or of the United States and, in particular, under the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended. 
 5. Compensation. CST shall be entitled to reasonable compensation
for all services rendered (in accordance with the Fee Agreement) and shall be reimbursed for all expenses incurred, including without limitation legal costs and costs of responding to subpoenas and SEC requests related to the Trust’s records
(regardless of whether CST is still an Agent for the Trust) in connection with its acting as Agent. In the event that the scope of services to be provided by CST is increased substantially, the parties shall negotiate in good faith to determine
reasonable compensation for such additional services. In the event that the Trust, without terminating this Agreement in its entirety, retains a third-party to provide services already provided hereunder, the Trust shall pay to CST a reasonable fee
to compensate CST for costs associated with interfacing with such third-party as mutually agreed upon by the Trust and CST. On termination of its services as Agent, CST shall be entitled to reasonable additional compensation for the service of
preparing records for delivery to the successor agent or to the Trust, and for forwarding and maintaining records with respect to certificates received after such termination. 

 
 CSTT 2016 

Confidential and Proprietary Information | Continental Stock Transfer & Trust Company 

 Certificate of Secretary, continued 

 
 6. Performance of Services. In the event that the Trust
commits any breach of its material obligations to CST, including non-payment of any amount owing to CST, and such breach remains uncured for more than forty-five (45) days, CST shall have the right to
terminate or suspend its services upon notice to the Trust. During such time as CST may suspend its services, CST shall have no obligation to act as transfer agent and/or registrar on behalf of the Trust, shall have no duties to act in such capacity
and shall have a lien on the Trust’s records until it receives payment in full. Such suspension shall not affect CST’s rights under this Agreement. On termination of the appointment of CST for any reason, CST will perform its services in
assisting with the transfer of records in a diligent and professional manner. 
 7. CST as Distributor of Funds. All funds
received by CST for distribution on behalf of the Trust will be deposited by CST in a segregated bank account. 
 8. Lost
Certificates. CST shall be authorized to issue replacement certificates for stock certificates claimed by a Shareholder to have been lost, stolen or mutilated upon receipt of an affidavit of the Shareholder to such effect and receipt
of payment from the Shareholder of a premium for CST’s services and an indemnity bond purchased through CST or, at the option of the Shareholder, any surety company reasonably acceptable to CST. 

9. Overissuance. If CST receives a stock certificate not reflected in its records, CST will research records, if any, delivered to
it upon its appointment as transfer agent from a prior transfer agent (or from the Trust). If such records do not exist or if such certificate cannot be reconciled with such records, then CST will notify the Trust. If neither the Trust nor CST is
able to reconcile such certificate with any records (so that the transfer of such certificate on the records maintained by CST would create an overissue), the Trust shall within sixty (60) days either: (i) increase the number of its issued
Shares, or (ii) acquire and cancel a sufficient number of issued Shares to correct the overissue. 
 10. Confidentiality.
CST acknowledges that it will acquire information and data from the Trust, and such information and data are confidential and proprietary information of the Trust (collectively, “Confidential Information”). Confidential Information
may include, but shall not be limited to, information related to clients, business plans, shareholders, business processes, and other related data, all in any form whether electronic or otherwise, that CST acquires in connection with this Agreement.
Confidential Information will not include, however, any information that (i) was in the possession of CST at the commencement of the services contemplated under this Agreement, (ii) became part of the public domain through no fault of CST
or (iii) became rightfully known to CST or its affiliates through a third party with no obligation of confidentiality to the Trust, or (iv) is independently developed by CST. CST agrees not to disclose the Confidential Information to
others (except as required by law or permitted by CST’s privacy policy then in effect) or use it in any way, commercially or otherwise, except in performing services hereunder, and shall not allow any unauthorized person access to the
Confidential Information. CST further agrees to exercise at least the same degree of care as it uses with regard to its own confidential information, but in no event less than reasonable degree of care, in protecting the Confidential Information.

 11. Limitations on CST’s Responsibilities. CST shall not be responsible for the validity of the issuance, presentation or
transfer of stock, the genuineness of endorsements, the authority of presenters, or the collection or payment of charges or taxes incident to the issuance or transfer of stock. CST may, however, delay or decline an issuance or transfer if it deems
it to be in its or the Trust’s best interests to receive evidence or assurance of such validity, authority, collection or payment. CST shall not be responsible for any discrepancies in its records or between its records and those of the Trust,
if it is a successor transfer agent or successor registrar, caused by or arising from a difference or error in predecessor records. CST shall not be deemed to have notice of, or be required to inquire regarding, any provision of the Trust’s
declaration of trust and trust agreement, any court or administrative order, or any other document, unless it is specifically advised of such in a writing from the Trust, which writing shall set forth the manner in which it affects the Shares. In no
event shall CST be responsible for any transfer or issuance not effected by it. 
 12. Limitations on CST’s Liability. In no event
shall CST have any liability for any incidental, special, statutory, indirect or consequential damages, or for any loss of profits, revenue, data or cost of cover. CST’s liability arising out of or in connection with its acting as Agent for the
Trust shall not exceed the aggregate amount of all fees (excluding expenses) paid under this Agreement in the twelve (12) month period immediately preceding the date of the first event giving rise to liability. 

 
  
 CSTT 2016 

Confidential and Proprietary Information | Continental Stock Transfer & Trust Company 

 Certificate of Secretary, continued 

 
 13. Indemnities. From and at all times after the date
of this Agreement, the Trust covenants and agrees to defend, indemnify, reimburse and hold harmless CST and its officers, directors, employees, affiliates and agents (each, an “Indemnified Party”) against any actions, claims,
losses, liability or reasonable expenses (including legal and other fees and expenses) incurred by or asserted against any Indemnified Party, including by the Trust, arising out of or in connection with entering into this Agreement, the performance
of CST’s duties thereunder, or the enforcement of the indemnity hereunder, except for such losses, liabilities or expenses incurred as a result of an Indemnified Party’s gross negligence, bad faith or willful misconduct. The Trust shall
not be liable under this indemnity with respect to any claim against an Indemnified Party unless the Trust is notified of the written assertion of such a claim, or of any action commenced against an Indemnified Party, promptly after CST shall have
received any such written information as to the nature and basis of the claim; provided, however, that failure by CST to provide such notice shall not relieve the Trust of any liability hereunder if no prejudice occurs. All provisions regarding
indemnification, liability and limits thereon shall survive the termination of this Agreement. 
 14. Force Majeure. CST is not
liable for failure or delay in the performance of its obligations under this Agreement if such failure or delay is due to causes beyond its reasonable control, including but not limited to Acts of God (including fire, flood, earthquake, storm,
hurricane or other natural disaster), war, invasion, act of foreign enemies, hostilities (regardless of whether war is declared), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities,
cyber-attack, nationalization, government sanction, blockage, embargo, labor dispute, strike, lockout or interruption or failure of electricity or telephone service or any other force majeure event. The Trust is not entitled to terminate this
Agreement under Section 6 (Performance of Services) in such circumstances. 
 15. No Third Party. This Agreement, when
executed by the Trust, shall constitute the full agreement between it and CST and shall not be amended or modified except in writing signed by both parties. CST shall act solely as agent for the Trust under this Agreement and owes no duties
hereunder to any other person or entity. CST undertakes to perform the duties and only the duties that are specifically set forth herein, and no implied covenants or obligations should be read into this Agreement against it. No rights shall be
granted to any other person by virtue of this Agreement, and there are no third party beneficiaries of this Agreement. 
 16. Governing
Law. This Agreement shall be construed and interpreted in accordance with the internal laws of the State of New York, without giving effect to the conflict of laws principles thereof. 

17. Jurisdiction and Venue. In the event that any party hereto commences a lawsuit or other proceeding relating to or arising from
this Agreement or services provided hereunder, the parties hereto agree that the United States District Court for the Southern District of New York shall have the sole and exclusive jurisdiction over any such proceeding. If such court lacks federal
subject matter jurisdiction, the parties hereto agree that the Supreme Court of the State of New York within New York County shall have sole and exclusive jurisdiction. Any final judgment shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Any of these courts shall be proper venue for any such lawsuit or judicial proceeding and the parties hereto waive any objection to such venue and irrevocably and
unconditionally waive and agree not to plead or claim in any such court that any such suit or proceeding in any such court has been brought in an inconvenient forum. The parties hereto consent to and agree to submit to the jurisdiction of any of the
courts specified herein and agree to accept service of process by mail to vest personal jurisdiction over them in any of these courts. Each party hereto irrevocably and unconditionally waives any right to a trial by jury. 

18. Assignment. CST may assign this Agreement or any rights granted thereunder, in whole or in part, either to affiliates, another
division, subsidiaries or in connection with its reorganization or to successors of all or a majority of CST’s assets or business without the prior written consent of the Trust. 

19. Term: The initial term of this Agreement shall be three (3) years from the date hereof and the appointment shall
automatically be renewed for further three (3) year successive terms with the same transaction provisions without further action of the parties, unless written notice is provided by either party at least ninety (90) days prior to the end
of the initial or any subsequent three (3) year period. The term of this appointment shall be governed in accordance with this paragraph, notwithstanding the cessation of active trading in the capital stock of the Trust or discontinuance of
services for non-payment. 
  
  

CSTT 2016 
 Confidential and Proprietary Information | Continental
Stock Transfer & Trust Company 

 Certificate of Secretary, continued 

 
 20. Trust Information. The Sponsor shall provide such
certified documents, opinions of counsel, certificates, specimen signatures of officers and information as CST may require in connection with its duties hereunder, and immediately upon any change therein which might affect CST in its duties, to give
CST written notice and to furnish such additional certified documents, certificates, specimen signatures of officers and information as CST may require, it being understood and agreed that CST shall be fully protected and held harmless for the
failure of the Sponsor to give proper and sufficient notice of any such change. 
 21. DTCC Fast Program. At any time that the
Trust shall elect to have its shares traded and processed in the DTCC FAST electronic program, it shall do so upon approval of its Sponsor, which shall agree to adhere to DTCC’s Balance Certificate Agreement (incorporated by reference herein)
as it shall be amended from time to time. 
 22. Notices. The address of the Sponsor to which notices may be sent is 636 Avenue
of the Americas, 3rd Floor, New York, New York 10011. The address of CST to which notices may be sent is Continental Stock Transfer & Trust Company, 17 Battery Place, 8th Floor, New York, NY 10004 attention: Account Administration. 
  

			
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
		
	By:	 	 /s/ Kevin Jennings

	Its:	 	Vice President
	Date:	 	12/12/2017
	
	ETHEREUM INVESTMENT TRUST
	
	By: Grayscale Investments, LLC, as Sponsor of the Ethereum Investment Trust
	
	 /s/ Barry Silbert

	By:	 	Barry Silbert
	Its:	 	CEO
	Date:	 	12/12/2017

  
 CSTT 2016 

Confidential and Proprietary Information | Continental Stock Transfer & Trust Company 

 Certificate of Secretary, continued 

 
 Certificate of Officer 

I, ___________________________________, Officer of Grayscale Investments, LLC, a limited liability company duly organized and existing under the laws of the
State of Delaware, (the “Sponsor”) do hereby certify on behalf of the Ethereum Investment Trust (the “Trust”): 
  

	A.	 That, accompanying this Certificate are: 

 

	 	1.	 A copy of the Declaration of Trust of the Trust, with all amendments to date, duly certified under official
seal by the state officer having custody of the original thereof or with evidence of their filing; 

  

	 	2.	 A Corporate Information Form; and 

 

	 	3.	 An opinion by counsel for the Trust covering the validity of the outstanding shares and their exemption from
registration under the Securities Act of 1933, as amended. 

  

	B.	 That the total authorized shares of the Trust is unlimited. There is now issued no shares of stock.

 IN WITNESS WHEREOF, I have hereunto set my hand, this ________________________________, 2017. 

 

			
	  

		 	 Officer
  

Agreed to and Accepted:
  

Continental Stock Transfer & Trust Company

		
	By	 	  

		 	Title

  
 CSTT 2016 

Confidential and Proprietary Information | Continental Stock Transfer & Trust Company 

 

 
  
 Corporate Information 

 

							
	Corporate Information	  	
	Federal ID/EIN	 		  	Principal Name	  	
	Company	 		  	Title	  	
	Address	 		  	Telephone	  	
	 		  	Fax	  	
	Telephone	 		  	Email Address	  	
	Website	 		  		  	
		
	Accounting (Please note our invoices are delivered electronically)	  	
	Contact	 		  	Contact (if different)	  	
	Name	 		  	Name	  	
	Title	 		  	Title	  	
	Address	 		  	Address	  	
	Telephone	 		  	Telephone	  	
	Facsimile	 		  	Fax	  	
	Email	 		  	Email	  	
		
	SEC Counsel (for opinions)	  	
	Firm	 		  	Contact	  	
	Address	 		  	Telephone	  	
	 		  	Fax	  	
	 		  	Email Address	  	
		
	Company’s General Counsel (if applicable)	  	
	Firm	 		  	Contact	  	
	Address	 		  	Telephone	  	
	 		  	Fax	  	
	 		  	Email Address	  	

  
 CSTT 2016 

Confidential and Proprietary Information 

 

 
  
 List of Officers and Directors
Authorized to Provide 
 Instructions Relating to Issuances of Shares and Corporate Actions 

on Behalf of: 
 OFFICERS and DIRECTOR SIGNATORIES:

  

					
	 Name
	  	 Title
	  	 Signature

 BOARD of DIRECTORS: 
  

			
	 Name
	  	 Title

  
 CSTT 2016 

Confidential and Proprietary Informationalco-ex101_301.htm

EXHIBIT 10.1

NINTH AMENDMENT AND WAIVER TO CREDIT AGREEMENT

 

This NINTH AMENDMENT AND WAIVER TO CREDIT AGREEMENT (this “Amendment”), is dated as of June 26, 2020, by and among ALICO, INC., a Florida corporation (“Alico”), ALICO-AGRI, LTD., a Florida limited partnership (“Alico-Agri”), ALICO PLANT WORLD, L.L.C., a Florida limited liability company (“Plant World”), ALICO FRUIT COMPANY, LLC, a Florida limited liability company (“Fruit Company”), ALICO LAND DEVELOPMENT INC., a Florida corporation (“Land Development”), ALICO CITRUS NURSERY, LLC, a Florida limited liability company (“Citrus Nursery”, and together with Alico, Alico-Agri, Plant World, Fruit Company and Land Development, each a “Borrower” and collectively the “Borrowers”), the Guarantors party hereto and RABO AGRIFINANCE LLC (formerly known as Rabo Agrifinance, Inc.), a Delaware limited liability company (“Lender”).

 

W I T N E S S E T H:

 

WHEREAS, Borrowers and Lender are parties to that certain Credit Agreement dated as of December 1, 2014, as amended by that certain First Amendment to Credit Agreement and Consent dated as of February 26, 2015, that certain Second Amendment to Credit Agreement dated as of July 16, 2015, that certain Third Amendment to Credit Agreement dated as of September 30, 2016, that certain Consent and Waiver Agreement dated as of December 20, 2016, that certain Fourth Amendment to Credit Agreement dated as of September 6, 2017, that certain Fifth Amendment to Credit Agreement dated as of October 30, 2017, that certain Sixth Amendment, Consent and Waiver to Credit Agreement dated as of July 18, 2018, that certain Seventh Amendment to Credit Agreement dated as of September 26, 2018 and that certain Eighth Amendment and Waiver to Credit Agreement dated as of August 29, 2019 (as may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 

 

WHEREAS, Alico Fresh Fruit LLC, a Guarantor, was dissolved on April 5, 2019 (the “Dissolution”);

 

WHEREAS, pursuant to that certain Option Agreement for Sale and Purchase dated June 2, 2020 between Alico and the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida (the “State of Florida”), Alico granted the State of Florida the option (the “Purchase Option”) to purchase certain parcels of real property located in Hendry County Florida (the “Optioned Property”); and

 

WHEREAS, Borrowers have requested that Lender (a) waive any potential Event of Default arising from the Dissolution, (b) waive any potential Event of Default arising from the grant of the Purchase Option to the extent that doing so created a Lien on the Optioned Property, and (c) amend the Credit Agreement as more fully set forth herein, in each case on the terms and conditions set forth herein;

 

 

 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that all capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement, and further agree as follows:

 

1.Amendments to Credit Agreement.

 

(a)Section 1.1 of the Credit Agreement, Defined Terms, is hereby modified and amended by deleting the definition of “Disposition” set forth therein in its entirety and inserting in lieu thereof the following:

 

“Disposition” means any sale, assignment, lease, license, transfer, division or other disposition of any property or assets (whether now owned or hereafter acquired) by any Borrower to any other Person. The term “Dispose” as a verb has a corresponding meaning.”

 

(b)Section 1.1 of the Credit Agreement, Defined Terms, is hereby further modified and amended by adding the following new defined term thereto in appropriate alphabetical order:

 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

“Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.

2

 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

“State of Florida Land Sale 2020” means the sale by Alico of certain parcels of real property located in Hendry County, Florida to the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida for approximately $28,500,000.

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.”

3

 

(c)Section 1.2 of the Credit Agreement, Interpretation, is hereby modified and amended by adding a new clause (c) as follows:

 

“(c)To the extent applicable, if, in connection with any division or plan of division of a Company under Delaware law (or any comparable event under a different jurisdiction’s law), any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time, and Borrowers or any Subsidiary shall be deemed to have made an Investment in the amount of the fair market value of the assets transferred by Borrowers or any such Subsidiary to such resulting Person (less the cash consideration received) in each case on the date of such Person’s formation.”

(d)Section 3.11 of the Credit Agreement, Disclosure, is hereby modified and amended by adding the following text at the end of such Section:

 

“The information included in the Beneficial Ownership Certification is true and correct in all respects.”  

(e)Section 5.2 of the Credit Agreement, Notice of Material Events, is hereby modified and amended by deleting the “and” at the end of clause (g), replacing the “.” with “; and” at the end of clause (h) and inserting a new clause (i) as follows:

 

“(i)any change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification.”

(f)Section 5.9 of the Credit Agreement, General Further Assurances, is hereby modified and amended by adding the following text at the end of such Section:

 

“Subject to the terms of the Security Agreement, Borrowers shall cause each Subsidiary resulting from a division of an Obligor to execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), which may be required under any applicable law, or which Lender may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens created or intended to be created by the Security Documents or the validity or priority of any such Lien, all at the expense of Borrowers.”

(g)Section 6.3 of the Credit Agreement, Fundamental Changes; Lines of Business, is hereby modified and amended by deleting clause (a) of such section in its entirety and inserting in lieu thereof the following:

 

4

 

“(a)Neither a Borrower nor any Guarantor will consolidate with or merge into any Person, or permit any Person to merge into or consolidate with it, or sell, transfer or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its assets, or divide, except that, if at the time thereof and immediately after giving effect thereto, no Event of Default shall have occurred and be continuing:

(i)any Subsidiary of a Borrower may merge into a Borrower or any other Domestic Subsidiary (including any Person that will be a Domestic Subsidiary upon the consummation of a Permitted Acquisition) of a Borrower; provided, (A) if Alico is party to any such transaction, Alico shall be the surviving entity, (B) no Obligor (other than a Silver Nip Entity) may merge with or into a Silver Nip Entity, and (C) if an Obligor (other than Alico or a Silver Nip Entity) is a party to such transaction, (x) the surviving entity shall be an Obligor or (y) the surviving entity shall be a Domestic Subsidiary and shall assume in writing satisfactory to Lender in its sole discretion all Obligations and Loan Documents of such Obligor (and deliver to Lender all information required by Section 9.13); 

(ii)any Borrower or any Subsidiary of a Borrower may sell, transfer, lease, or otherwise dispose of its assets as permitted pursuant to Section 6.4; and

(iii)any Subsidiary of a Borrower may divide, if (A) Borrowers determine in good faith that such division is in the best interests of Borrowers and is not materially disadvantageous to the Lender, and (B) in the case of any division of an Obligor, Borrowers shall cause any resulting Subsidiaries to become Guarantors and join the Security Agreement as Grantors by executing a joinder in form and substance acceptable to Lender.”

(h)Section 6.4 of the Credit Agreement, Dispositions, is hereby modified and amended by deleting clause (m) thereof in its entirety and inserting in lieu thereof the following:

 

“(m)Dispositions not otherwise permitted under this Section 6.4; provided that (i) at the time of such Disposition, no Event of Default shall exist or would result from such Disposition, and (ii) the aggregate fair market value of all property Disposed of in reliance on this clause shall not exceed (A) $45,000,000 in the Fiscal Year ended September 30, 2018, (B) $16,000,000 in the Fiscal Year ended September 30, 2019, (C) (1) if the State of Florida Land Sale 2020 is consummated during the Fiscal Year ended September 30, 2020, $37,000,000 in such Fiscal Year, or (2) if the State of Florida Land Sale 2020 is not consummated during the Fiscal Year ended September 30, 2020, $10,000,000 in such Fiscal Year, (D) (1) if the State of Florida Land Sale 2020 is consummated during the Fiscal Year ended September 30, 2021, $38,500,000 in such Fiscal Year, or (2) if the State of Florida Land Sale 2020 is not consummated during the Fiscal Year ended September 30, 2021, $10,000,000 in such Fiscal Year and (E) $10,000,000 in the Fiscal Year ended September 30, 2022 and each Fiscal Year thereafter.”

5

 

(i)The Credit Agreement is hereby amended by adding the following as a new Section 9.23 thereto:

 

“9.23   Acknowledgement and Consent to Bail-In of Affected Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

(b)the effects of any Bail-In Action on any such liability, including, if applicable:

(i)a reduction in full or in part or cancellation of any such liability;

(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

(iii)the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority.”

(j)The Credit Agreement is hereby further amended by adding the following as a new Section 9.24 thereto:

 

“Section 9.24.  Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

6

 

(a)In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States.  Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

(b)As used in this Section 9.24, the following terms have the following meanings:

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

“Covered Entity” means any of the following:

(i)a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

(ii)a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

(iii)a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).”

7

 

2.Waivers.  Subject to the terms and conditions set forth herein, Lender hereby waives, as of the Amendment Effective Date (as defined below), (a) any Default or Event of Default that arose prior to the Amendment Effective Date under the Credit Agreement due to the Dissolution, and (b) any Default or Event of Default arising under Section 6.2 of the Credit Agreement due to the grant of the Purchase Option, solely to the extent that such grant constitutes the creation of a Lien on the Optioned Property. Lender hereby releases its security interest in and Lien on all Collateral of Alico Fresh Fruit LLC and releases Alico Fresh Fruit LLC from any and all obligations under the Loan Documents (including its Guaranty Agreement).  In furtherance hereof, Lender agrees, at the sole expense of the Borrowers, to (i) execute, deliver and file any other release documents, certificates, or other instruments reasonably necessary to effect the foregoing release and (ii) execute, deliver and file all applicable release documents, certificates, or other instruments reasonably necessary to release its security interest in and Lien on the real property and improvements (to the extent it constitutes Collateral) that are the subject of the State of Florida Land Sale 2020 in the event such sale of real property and improvements is consummated.

 

3.No Other Amendments or Waivers.  Except as expressly set forth above, the execution, delivery and effectiveness of this Amendment shall not operate as an amendment, modification or waiver of any right, power or remedy of Lender under the Credit Agreement or any of the other Loan Documents, nor constitute a waiver of any provision of the Credit Agreement or any of the other Loan Documents. Except for the amendments and waivers set forth above, the text of the Credit Agreement and all other Loan Documents shall remain unchanged and in full force and effect and each Borrower and each Guarantor hereby ratifies and confirms its obligations thereunder. This Amendment shall not constitute a modification of the Credit Agreement or any of the other Loan Documents or a course of dealing with Lender at variance with the Credit Agreement or the other Loan Documents such as to require further notice by Lender to require strict compliance with the terms of the Credit Agreement and the other Loan Documents in the future. Each Borrower and each Guarantor acknowledges and expressly agrees that Lender reserves the right to, and does in fact, require strict compliance with all terms and provisions of the Credit Agreement and the other Loan Documents, as amended herein.

 

4.Representations and Warranties.  In consideration of the execution and delivery of this Amendment by Lender, each Borrower and each Guarantor hereby represents and warrants in favor of Lender as follows:

 

(a)The execution, delivery and performance by each Borrower and each Guarantor of this Amendment (i) are all within such Borrower’s corporate, limited liability company or other similar powers, as applicable, (ii) have been duly authorized, (iii) do not require any consent, authorization or approval of, registration or filing with, notice to, or any other action by, any Governmental Authority or any other Person, except for such as have been obtained or made and are in full force and effect, (iv) will not violate any applicable law or regulation or the Organizational Documents of such Borrower or Guarantor, (v) will not violate or result in a default under any material agreement binding upon such Borrower or Guarantor, (vi) will not conflict with or result in a breach or contravention of, any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Borrower or Guarantor is a party or affecting such Borrower or Guarantor or their respective properties, and (vii) except for the Liens created pursuant to the Security Documents, will not result in the creation or imposition of any Lien on any asset of such Borrower or Guarantor or any of their respective properties;

8

 

 

(b)This Amendment has been duly executed and delivered by each Borrower and each Guarantor, and constitutes the legal, valid and binding obligations of each such Borrower or Guarantor enforceable against each Borrower and each Guarantor in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (ii) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law);

 

(c)As of the date hereof and after giving effect to this Amendment, the representations and warranties made by or with respect to any Borrower or Guarantor under the Credit Agreement and the other Loan Documents, are true and correct in all material respects (unless any such representation or warranty is qualified as to materiality or as to Material Adverse Effect, in which case such representation and warranty shall be true and correct in all respects), except to the extent previously fulfilled with respect to specific prior dates; 

 

(d)Immediately after giving effect hereto, no event has occurred and is continuing which constitutes a Default or an Event of Default or would constitute a Default or an Event of Default but for the requirement that notice be given or time elapse or both; and

 

(e)No Borrower or Guarantor has knowledge of any challenge to Lender’s claims arising under the Loan Documents, or to the effectiveness of the Loan Documents.

 

5.Effectiveness.  This Amendment shall become effective as of the date set forth above (the “Amendment Effective Date”) upon Lender’s receipt of each of the following, in each case in form and substance satisfactory to Lender:

 

(a)this Amendment duly executed by each Borrower, Guarantor and Lender; and

 

(b)all other documents, certificates, reports, statements, instruments or other documents as Lender may reasonably request.

 

6.Costs and Expenses.  Each Borrower agrees to pay on demand all costs and expenses of Lender in connection with the preparation, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the fees and out-of-pocket expenses of counsel for Lender with respect thereto).

 

7.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. Delivery of a signature page hereto by facsimile transmission or by other electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.

 

9

 

8.Reference to and Effect on the Loan Documents.  Upon the effectiveness of this Amendment, on and after the date hereof, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended hereby.

 

9.Governing Law.  This Amendment shall be deemed to be made pursuant to the laws of the State of Florida with respect to agreements made and to be performed wholly in the State of Florida and shall be construed, interpreted, performed and enforced in accordance therewith.

 

10.Final Agreement.  This Amendment represents the final agreement between Borrowers, Guarantors and Lender as to the subject matter hereof and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties.

 

11.Loan Document.  This Amendment shall be deemed to be a Loan Document for all purposes.

 

 

[Remainder of this page intentionally left blank.]

 

10

 

IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized officers or representatives to execute and deliver this Amendment as of the day and year first above written.

 

	
BORROWERS:
	
ALICO, INC., a Florida corporation

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
ALICO-AGRI, LTD., a Florida limited partnership

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
Alico, Inc., a Florida corporation,

	
 
	
 
	
 
	
its General Partner

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

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

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
Alico-Agri, Ltd., a Florida limited

	
 
	
 
	
 
	
partnership, its Sole Member

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
By: Alico, Inc., a Florida corporation,

	
 
	
 
	
 
	
its General Partner

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

S-1

 

 

 

	
 
	
ALICO FRUIT COMPANY, LLC, a Florida limited liability company

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
Alico, Inc., a Florida corporation,

	
 
	
 
	
 
	
its Managing Member

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
ALICO LAND DEVELOPMENT INC., a Florida corporation

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
ALICO CITRUS NURSERY, LLC, a Florida limited liability company

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
Alico, Inc., a Florida corporation,

	
 
	
 
	
 
	
its Managing Member

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
GUARANTORS:
	
734 CITRUS HOLDINGS, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
Alico, Inc., as its sole Member

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

S-2

 

 

 

	
 
	
734 HARVEST, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
734 CO-OP GROVES, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
734 LMC GROVES, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
734 BLP GROVES, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
ALICO CHEMICAL SALES, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

	
 
	
ALICO SKINK MITIGATION, LLC

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
Alico, Inc., its Manager

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ John E. Kiernan

	
 
	
 
	
 
	
Name: John E. Kiernan

	
 
	
 
	
 
	
Title: Chief Executive Officer and President

 

S-3

 

 

	
LENDER:
	
RABO AGRIFINANCE LLC,
	
	
 
	
 
	
a Delaware limited liability company

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Tony Lopez

	
 
	
 
	
Name:
	
Tony Lopez

	
 
	
 
	
Title:
	
 

 

S-4

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