Document:

Exhibit 10.1     Amendment #1

TERM & RELOC 2010

Real Estate Term Loan #10053500 

Real Estate Line of Credit #10053600

FIRST AMENDMENT TO CREDIT AGREEMENT

This FIRST Amendment to Credit
Agreement ("Amendment") is dated and made effective as of AUGUST 1, 2011 between ALICO, INC., a Florida corporation
("Alico, Inc."); ALICO-AGRI, LTD., a Florida limited partnership ("Alico-Agri"); ALICO
PLANT WORLD, L.L.C., a Florida limited liability company ("Plant World"); BOWEN BROTHERS FRUIT, LLC, a Florida limited
liability company ("Bowen"); and ALICO LAND DEVELOPMENT, INC., a Florida corporation ("ALDI")
(Alico Inc., Alico-Agri; Plant World; Bowen; and ALDI are individually and collectively, "Borrower") and
RABO AGRIFINANCE, INC., a Delaware corporation ("Lender").

PRELIMINARY STATEMENT. The Borrower and the Lender have entered into a Credit
Agreement dated September 8, 2010 (said agreement is hereinafter referred to as the "Credit Agreement," the terms
defined in the Credit Agreement are used herein as therein defined).

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

NOW, THEREFORE, the Borrower and the Lender agree as follows:

Under ARTICLE 2 - THE REAL ESTATE LINE OF CREDIT, the following item #2.03 is hereby modified,
as applicable, and shall now read as follows:

2.03Loans under the Line of Credit.

Loans under the Line
of Credit are subject to Article 5.Line of Credit Loans must be used only for financing general corporate expenditures, including
operating expenses, purchases of capital assets, payment of dividends and general working capital. There will be NO MINIMUM amount
for each Line of Credit Loan. Up to 365 Line of Credit Loans per year may be obtained without a disbursement fee.

 

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 above,
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 the 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.

Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws (without
giving effect to the conflicts of laws principles thereof ) of the State of Florida.

    	 

    	 

    

Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws (without
giving effect to the conflicts of laws principles thereof) of the State of Georgia.

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.DAlexander, 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.DAlexander, Chief Executive Officer
	 	 	 
	 	 	 
	 	
      

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

    
	 	 	 
	 	By:	Alico, Inc., a Florida corporation, its Manager
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.DAlexander, Chief Executive Officer
	 	 	 
	 	 	 
	 	Bowen Brothers Fruit, LLC, a Florida limited
liability company
	 	 	 
	 	By:  	Alico, Inc., a Florida corporation, 

      Its Managing Member
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.DAlexander, Chief Executive Officer
	 	 	 
	 	 	 

    	 

    	 

    	 	Alico Land Development Inc., a
Florida corporation
	 	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.DAlexander
 Chief Executive Officer

	 	 	 	 
	
      Address for notices:

      640 South Main Street 

  Labelle, Florida 33935 

  ATTN: Chief Financial
Officer

    	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	LENDER	 
	 	 
	Address for notices:	RABO AGRIFINANCE, INC.
	 	 
	
      12443 Olive Blvd, Suite 50
  

    	 	 	 
	St. Louis, MO 63141 

  	 	 	 
	Attention: Customer
Service Representative	By: 	/s/ Shirley L. Dobbs
	 	 	Name: 	Shirley L. Dobbs
	 	 	Title:	V.P.Exhibit 10.2     Amendment #2

TERM & RELOC 2010

Real Estate Term Loan #10053500

Real Estate Line of Credit #10053600

SECOND AMENDMENT TO CREDIT AGREEMENT

This SECOND Amendment to Credit Agreement
("Amendment") is dated and made effective as of DECEMBER 21, 2011 between ALICO, INC., a Florida corporation
("Alico. Inc."); ALICO-AGRI, LTD., a Florida limited partnership ("Alico-Agri); ALICO
PLANT WORLD, L.L.C., a Florida limited liability company ("Plant World"); BOWEN BROTHERS FRUIT, LLC, a
Florida limited liability company ("Bowen"); and ALICO LAND DEVELOPMENT, INC., a Florida corporation ("ALDI")
(Alico Inc.; AIico-Agri; Plant World; Bowen; and ALDI are individually and collectively, "Borrower") and
RABO AGRIFINANCE, INC. , a Delaware corporation ("Lender").

PRELIMINARY STATEMENT. The Borrower
and the Lender have entered into a Credit Agreement dated September 8, 2010 (said agreement is hereinafter referred to as the
"Credit Agreement," the terms defined in the Credit Agreement are used herein as therein defined).

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

NOW, THEREFORE, the Borrower and the Lender agree as follows:

Under ARTICLE 2 - THE REAL ESTATE
LINE OF CREDIT, the following items #2.07 and #7.08 are hereby modified, as applicable, and shall now read as follows:

2.07 Interest Margin
Adjustment.

(a) Commencing on
February 1, 2011 and on each January 1 thereafter (each a "Line of Credit Margin Adiustment Date"), Lender
shall Adjust the Interest Rate Margin applicable to the Line of Credit to an Interest Rate Margin determined pursuant to the
Pricing Grid attached hereto as Exhibit A (that, and any replacement pricing grid, the "Pricing Grid') based on
Borrower's Debt Service Coverage Ratio for the immediately preceding fiscal year. Category 2 pricing shall apply for interest
accruing from Closing through the first Adjustment Date.

On October 1, 2015, Lender
may Adjust the Interest Rate Margins set forth in the Pricing Grid applicable to the Line of Credit Loan to any percent per annum
determined by Lender. Lender shall notify Borrower of the new Interest Rate Margins (and Pricing Grid) not less than 30 days prior
to the applicable date of Adjustment. The Pricing Grid shall become effective upon the applicable date of Adjustment at the Debt
Service Coverage Ratio category then in effect; except that Borrower may, at its option, prior to the applicable date of Adjustment,
notify Lender that Borrower will Prepay the entire unpaid principal balance of the Line of Credit Loan, all accrued interest and
other charges due under the Line of Credit Loan, and terminate its ability to draw under the Line of Credit. Upon giving such notice,
Borrower shall pay the entire unpaid principal balance of the Line of Credit Loan, without prepayment fee or penalty, within 90
days after the applicable date of Adjustment. If Lender does not receive such notice, Borrower will be deemed to have acknowledged
and accepted the new Pricing Grid. A notice of election to prepay will not affect the effective date of the Adjustment of the Interest
Rate Margins.

7.08 Reporting
Requirements. Borrower shall furnish to Lender:

	(b)		as soon as available, but no later than 90 days after the end of each fiscal year,
a copy of CPA Audited Consolidated financial statements of Borrower for that period;

    	 

    	 

    
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 above, 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 the 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.

Governinq Law. This Amendment shall be governed by, and
construed in accordance with, the laws (without giving effect to the conflicts of laws principles thereof ) of the State of Florida.

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.DAlexander, 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.DAlexander, Chief Executive Officer
	 	 	 

 

    	 

    	 

    

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 above, 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 the 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.

Governing Law. This Amendment shall be governed by,
and construed in accordance with, the laws (without giving effect to the conflicts of laws principles thereof ) of the State of
Florida.

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.DAlexander, 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.DAlexander, Chief Executive Officer
	 	 	 
	 

    	 

    	 

    
		 	 
	 	
      

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

    
	 	 	 
	 	By:	Alico, Inc., a Florida corporation, its Manager
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.DAlexander, Chief Executive Officer
	 	 	 
	 	 	 
	 	Bowen Brothers Fruit, LLC, a Florida limited
liability company
	 	 	 
	 	By:	Alico, Inc., a Florida corporation, 

      Its Managing Member
	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.DAlexander, Chief Executive Officer
	 	 	 
	 	 	 

	 	Alico Land Development Inc., a
Florida corporation
	 	 	 	 
	 	By:	/s/ J.D. Alexander
	 	 	J.DAlexander
 Chief Executive Officer

	 	 	 	 
	
      Address for notices:

      640 South Main Street 

  Labelle, Florida 33935 

  ATTN: Chief Financial
Officer

    	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	LENDER	 
	 	 
	Address for notices:	RABO AGRIFINANCE, INC.
	 	 
	
      12443 Olive Blvd, Suite 50
  

    	 	 	 
	St. Louis, MO 63141 

  	 	 	 
	Attention: Customer
Service Representative	By: 	/s/ Judy A. Cochran
	 	 	Name: 	Judy A. Cochran
	 	 	Title:	Asst. V.P.
	 	 	 	 

    	 

    	 

    
EXHIBIT A 

PRICING GRID

The Percentage Margin will be adjusted
annually, on the first of each January, based upon the Borrower’s Debt Coverage Service Ratio for the immediately preceding fiscal
year. Category 2 pricing will apply from the Closing Date until February 1, 2011, at which time the pricing grid specified below
will apply.

	Debt Service Coverage Ratio	Percentage Margin	Default Rate
	Category 1

       ≥1.75x	2.25%	Category 3 Pricing + 5.00%

  
  	Category 2

      ≥1.15x

      and

      <1.75x	2.50%	Category 3 Pricing + 5.00%
	Category 3

      <1.15x	2.75%	Category 3 Pricing + 5.00%

In the event of default, the
Default Rate shall apply regardless of the level of the Debt Service Coverage Ratio The Default Rate will be 5% in excess of Category
3 Pricing.

 

 

 

Alico Term & RELOC 2010

Credit Agreement

22

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