REQUEST AND AGREEMENT FOR EXTENSION
| Request and Agreement for Extension - Multiple Accounts 11193 12/99 |
Page 1
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Borrower:
Windfall Investors, LLC
Lender:
Farm Credit West, PCA
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Office:
Loan
Number:
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VENTURA
3843165
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Loan
Type & Program: Short Term & Loan Account ST
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Amount:
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$10,500,000.00
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Application
Date: 04-30-2010
REQUEST FOR EXTENSION of Short Term
Loan
Approval
is requested to change payment schedule to:
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Proposed
Repayment Schedule
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Acct
No.
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Type/Class
Acct
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Acct
Amount
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Schedule
Type
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Payment
Amount
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Frequency
Type
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First
Payment
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No.
of
Pmts
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101
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Capital
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$5,570,027.83
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Interest
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Interest
Only
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Monthly
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05-01-2010
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2
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Principal
& Interest
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$5,570,027.83
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Once
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06-01-2010
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1
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|||
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201
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Special
intermediate
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$4,929,972.17
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Interest
Only
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Interest
Only
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Monthly
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05-01-2010
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2
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Principal
& Interest
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$4,929,972.17
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Once
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06-01-2010
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1
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Xxxxxxxx
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:
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1.
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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.
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2.
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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.
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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
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By:
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Xxxxxx
X. Xxxxxxx, President
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By:
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Xxx
Xxxxxxxxx,
Secretary
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Lender:
Farm
Credit West, PCA
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By:
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Xxxxxxx
X. Xxxxxx, Vice
President
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