Agreement

Request and Agreement for Extension

by Limoneira Co
June 1st, 2010
 
Request and Agreement for Extension - Multiple Accounts 11193 12/99
Page 1
 
 
REQUEST AND AGREEMENT FOR EXTENSION
 
 
Borrower: Windfall Investors, LLC
Lender: Farm Credit West, PCA
Office:
Loan Number:
VENTURA
3843165
Loan Type & Program: Short Term & Loan Account ST
Amount:
$10,500,000.00
Application Date: 04-30-2010
 
REQUEST FOR EXTENSION of Short Term Loan
Approval is requested to change payment schedule to:
   
 
Proposed Repayment Schedule
 
Acct
No.
Type/Class
Acct
Acct
Amount
Schedule
Type
Payment
Amount
Frequency
Type
First
Payment
No. of
Pmts
101
Capital
$5,570,027.83
Interest
Interest Only
Monthly
05-01-2010
     
Principal & Interest
$5,570,027.83
Once
06-01-2010
201
Special intermediate
$4,929,972.17
Interest Only
Interest Only
Monthly
05-01-2010
     
Principal & Interest
$4,929,972.17
Once
06-01-2010

 
Borrower has requested, and Farm Credit West, PCA (“FCW, PCA”) has approved, an extension of the maturity date of Loan No. 3843165 (“Loan”) and all subject “accounts” as noted in the schedule above, from the current maturity dates of May 1, 2010 to June 1, 2010. In consideration of the terms and provisions contained herein, and other valuable consideration, the receipt of which is hereby acknowledged, Borrower and FCW, PCA agree as follows:
1.
The terms and conditions in the original Master Loan Agreement dated September 23, 2005 (“MLA”) and the Promissory Note and Supplement to Master Loan Agreement (“Note”) dated May 28, 2008 and September 23, 2005, are hereby amended to extend the maturity date of the Note to June 1, 2010.
 
2.
It is expressly understood and agreed that, except as specifically amended herein, all other terms and conditions of the MLA, Note and other loan documents evidencing and/or relating to the Loan shall remain in full force and effect.
 
This Request and Agreement for Extension is dated and effective May 1, 2010.
 
Borrower:
Windfall Investors, LLC, a California Limited Liability Company
 
By: Limoneira Company, a Delaware Corporation, Member
 

By:
 
 
Harold S. Edwards, President
   
By:
 
 
Don Delmatoff, Secretary
 
 
Lender:
Farm Credit West, PCA
 
By:
 
 
Patrick J. Kelley, Vice President