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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000003545-10-000024.txt : 20100401
<SEC-HEADER>0000003545-10-000024.hdr.sgml : 20100401
<ACCEPTANCE-DATETIME>20100401164619
ACCESSION NUMBER:		0000003545-10-000024
CONFORMED SUBMISSION TYPE:	8-K
CONFIRMING COPY:	
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100330
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100401
DATE AS OF CHANGE:		20100401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALICO INC
		CENTRAL INDEX KEY:			0000003545
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		IRS NUMBER:				590906081
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-00261

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 338
		STREET 2:		640 SOUTH MAIN STREET
		CITY:			LA BELLE
		STATE:			FL
		ZIP:			33935
		BUSINESS PHONE:		8136752966

	MAIL ADDRESS:	
		STREET 1:		640 SOUTH MAIN STREET
		STREET 2:		P O BOX 338
		CITY:			LA BELLE
		STATE:			FL
		ZIP:			33935

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALICO LAND DEVELOPMENT CO
		DATE OF NAME CHANGE:	19740219
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k33010.htm
<DESCRIPTION>FORM 8K 3.30.10
<TEXT>
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    <div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UNITED STATES</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE
COMMISSION</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WASHINGTON</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">, D.C. 20549</font></div>
      <div>&#160;</div>
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="10%">
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      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM 8-K</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="1" width="10%">
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CURRENT REPORT</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pursuant to Section 13 or 15(d) of
the</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Securities Exchange Act of
1934</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Date of report (Date of earliest
event reported): March 30, 2010</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="1" width="10%">
      </div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">ALICO, INC.</font></div>
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      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Exact Name of Registrant as
Specified in Charter)</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="1" width="10%">
      </div>
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              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td width="27%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 27%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td width="27%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 27%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="29%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 29%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FLORIDA</font></div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
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              <div>&#160;</div>
            </td>
            <td valign="top" width="27%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 27%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">0-261</font></div>
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              <div>&#160;</div>
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              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(State or Other
      Jurisdiction</font></div>
              <div>&#160;</div>
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">of Incorporation)</font></div>
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              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Commission File
      Number)</font></div>
              <div>&#160;</div>
            </td>
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              <div>&#160;</div>
            </td>
            <td valign="top" width="27%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 27%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(IRS Employer</font></div>
              <div>&#160;</div>
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Identification
No.)</font></div>
              <div>&#160;</div>
            </td>
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      <div>&#160;</div>
      <div>&#160;</div>
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<tr>
            <td width="42%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 42%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
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              <div> </div>
              <div>&#160;</div>
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            <td valign="top" width="42%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 42%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">POST OFFICE BOX
      338,</font></div>
              <div>&#160;</div>
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">LA BELLE, FLORIDA</font></div>
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            <td valign="bottom" width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
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              <div>&#160;</div>
            </td>
            <td valign="bottom" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">33975</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="42%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 42%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Address of Principal Executive
      Offices)</font></div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Zip Code)</font></div>
              <div>&#160;</div>
            </td>
          </tr></table>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Registrant?s telephone number,
including area code: (863) 675-2966</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">N/A</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Former Name or Former Address, if
Changed Since Last Report)</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="1" width="10%">
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>[ ]</div>
            </td>
            <td valign="top" width="82%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 82%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Written communications pursuant to Rule 425 under the Securities Act
      (17 C.F.R. 230.425)</div>
              <div>&#160;</div>
            </td>
          </tr></table>
      <div>&#160;</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>[ ]</div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="82%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 82%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Soliciting Material pursuant to Rule 14a-12 under the Exchange Act
      (17 C.F.R. 240.14a-12)</div>
              <div>&#160;</div>
            </td>
          </tr></table>
      <div>&#160;</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>[ ]</div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="82%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 82%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14D-2(b))</div>
              <div>&#160;</div>
            </td>
          </tr></table>
      <div>&#160;</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>[ ]</div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="82%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 82%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 C.F.R. 240.13e-4(c))</div>
              <div>&#160;</div>
            </td>
          </tr></table>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="2" width="100%">
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item 1.01,
3.03&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Alico announced today that it had received a one time reduction of its debt
service coverage covenant ratio requirement from its primary lender.? Under the
terms of the agreement, the debt service covenant ratio is reduced from 1.10 to
0.85.? The reduction applies only to the quarter ending March 31, 2010 and only
to the debt service covenant ratio.? All other ratios and requirements remain
intact.? There was no cost associated with obtaining the modification.? The
Company also agreed that no dividend will be declared or paid for the quarter
ending March 31, 2010.?? The Company is currently in discussions to restructure
its debt.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="2" width="100%">
      </div>
      <div style="TEXT-ALIGN: right" align="right"> </div>
      <div>&#160;</div>
      <div><br><br><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Financial Statements and
Exhibits.</font></font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Financial Statements of Businesses
Acquired.</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Not applicable.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Pro Forma Financial
Information.</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Not applicable.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Shell Company
Transactions.</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Not applicable.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Exhibits.</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>The following exhibits are included with this Report:</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Exhibit 99.1&#160;&#160;&#160;&#160;&#160;&#160;Press Release announcing
the one time debt service coverage covenant reduction. </div>
      <div>&#160;</div>
      <div>Exhibit 99.2????? Executed debt service coverage covenant reduction.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="2" width="100%">
      </div>
      <div style="TEXT-ALIGN: right" align="right"> </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SIGNATURES</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td colspan="3" valign="top" width="44%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 44%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>ALICO, INC.</div>
              <div>&#160;</div>
              <div>(Registrant)</div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td colspan="2" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td colspan="2" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Date: April 1, 2010</div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>By:</div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="41%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">
              <div>&#160;</div>
              <div>&#160;</div>
              <div>/s/&#160;Patrick W. Murphy </div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Patrick W. Murphy</div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="2%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="41%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 41%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Vice President and&#160;Chief Financial&#160;Officer</div>
              <div>&#160;</div>
            </td>
          </tr></table>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">
        <hr style="COLOR: black" align="center" noshade size="1" width="65%">
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">EXHIBIT INDEX</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td width="11%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 11.44%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td colspan="2" valign="bottom" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3.14%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td width="85%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 85.42%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="11%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 11.44%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Exhibit&#160;99.1</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>Exhibit 99.2</div>
              <div>&#160;</div>
            </td>
            <td colspan="2" valign="bottom" width="3%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 3.14%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="85%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 85.42%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>Press Release announcing the one time debt service coverage covenant
      reduction. </div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>Executed debt service coverage covenant reduction.</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td width="11%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 11.44%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td colspan="3" width="88%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 88.56%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td valign="top" width="11%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 11.44%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 1.16%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div>&#160;&#160;</div>
              <div>&#160;</div>
            </td>
            <td colspan="2" valign="bottom" width="87%" style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 87.4%; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
              <div> </div>
              <div>&#160;</div>
            </td>
          </tr><tr>
            <td width="86" style="BORDER-BOTTOM: 4px none; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
            </td>
            <td width="9" style="BORDER-BOTTOM: 4px none; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
            </td>
            <td width="15" style="BORDER-BOTTOM: 4px none; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
            </td>
            <td width="639" style="BORDER-BOTTOM: 4px none; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
            </td>
          </tr></table>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN-BOTTOM: 12pt">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center; TEXT-INDENT: 0.5in" align="center">&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
    </div>
  </body>
</html>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991.htm
<DESCRIPTION>PRESS RELEASE 4.1.10
<TEXT>
<html>
<head>
    <title>exhibit991.htm</title>
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<body style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
    <div>
      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold">Exhibit 99.1</font></div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold">April 1, 2010</font></div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Alico Negotiates a One Time Debt
Covenant Reduction</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>LaBelle, FL, April 1, 2010, Alico, Inc. (NASDAQ: ALCO), a land management
company, announced that it had received a one time reduction of its debt service
coverage covenant ratio requirement from its primary lender. Under the terms of
the agreement, the debt service covenant ratio is reduced from 1.10 to 0.85. The
reduction applies only to the quarter ending March 31, 2010 and only to the debt
service covenant ratio. All other ratios and requirements remain intact.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>JD Alexander, the Company's CEO stated "We appreciate the cooperation of
Farm Credit in relaxing this covenant. We have taken progressively more
aggressive steps to reduce costs during the current quarter; however, the recent
freezes in January 2010 negatively impacted our operating results. We believe
that the Company will come very close to achieving the unadjusted loan covenant
ratio but in an abundance of caution we believe that seeking the covenant
reduction is a prudent step. There was no cost associated with obtaining the
modification and we do not anticipate needing future loan covenant reductions.
The Company also agreed that no dividend will be declared or paid for the
quarter ending March 31, 2010. The Company is currently in discussions to
restructure its debt in a manner that will enhance its ability to maintain
future compliance with the debt service coverage covenant." </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>About Alico, Inc.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Alico, Inc., a land management company operating in Central and Southwest
Florida, owns approximately 135,500 acres of land located in Collier, Glades,
Hendry, Lee and Polk counties. Alico is involved in various agricultural
operations and real estate activities. Alico's mission is to grow its asset
values through its agricultural and real estate activities to produce superior
long-term returns for its shareholders.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>For Further Information Contact:</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>JD Alexander</div>
      <div>&#160;</div>
      <div>La Belle, Florida</div>
      <div>&#160;</div>
      <div>(863) 675-2966</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>Statements in this press release that are not statements of historical or
current fact constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements, such as the statement that the Company will come close to achieving
its debt service covenant requirement and the anticipation that the Company will
not need future reductions and that future compliance is assured involve known
and unknown risks, uncertainties and other unknown factors that could cause the
actual results of the Company to be materially different from the historical
results or from any future results expressed or implied by such forward-looking
statements. The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from time to time
in the Company's reports and registration statements filed with the Securities
and Exchange Commission.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit992.htm
<DESCRIPTION>DEBT SERVICE COVERAGE COVENANT REDUCTION
<TEXT>
<html>
<head>
    <title>exhibit992.htm</title>
<!-- Licensed to: Alico, Inc-->
<!-- Document Created using EDGARizer 5.1.3.0 -->
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</head>
<body link="blue" vlink="purple" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
    <div>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Exhibit 99.2</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">March 26, 2010</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">Alico, Inc.</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">Post Office Box 338</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">LaBelle, Florida 33975</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-hyphenate: none">Attn: Patrick W. Murphy,
CFO</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN-LEFT: 1in">Re:
Covenant Reduction under Amended and Restated Loan Agreement among Alico, Inc.,
("<font style="DISPLAY: inline; FONT-WEIGHT: bold">Borrower"</font>) and Farm
Credit of Southwest Florida, ACA ("<font style="DISPLAY: inline; FONT-WEIGHT: bold">Lender"</font>) dated effective May
26, 2006, as amended on August 30, 2007, February 26, 2008, March 25, 2008,
September 3, 2008, and March 30, 2009 (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Loan</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">Agreement"</font>)</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN-LEFT: 1in">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: 4.5pt">Dear Mr. Murphy:</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: 4.5pt">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt">Reference
is made to the Loan Agreement referenced above. Any capitalized terms used but
not defined herein shall have the meaning set forth in said Loan Agreement.
Based on the information you have furnished to us, we are advised that for the
quarter ending March 31, 2010, the parties to the Loan Agreement may be in
violation of the requirement set forth in <font style="DISPLAY: inline; TEXT-DECORATION: underline">Section 4.3(c)</font> of the
Loan Agreement to maintain a Debt Service Coverage Ratio for such period of not
less than 1.10 to 1.00. This is to advise you that Lender hereby provides this
one time reduction of compliance with the financial covenant referenced above
for the quarter ending March 31, 2010 of not less than .85 to 1.00. This one
time reduction is limited to the aforesaid covenant for the quarter ending March
31, 2010 and may not be construed to extend to any other violations by the
parties to the Loan Agreement with said covenant for any other time period or to
any other violations by any of the parties to the Loan Agreement of any other
term or covenant of the Loan Agreement or any Loan Document.</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt">Furthermore,
this is to advise you that no Borrower, Guarantor or any subsidiary of Borrower
shall pay or declare any distribution or dividend for the quarter ending March
31, 2010.</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt; mso-layout-grid-align: none">The
one time reduction provided herein shall in no way be construed to amend, modify
or otherwise vary the terms of the Loan Agreement or any other Loan Document,
all of which shall remain in full force and effect until maturity and
termination of the loans referenced therein. If you accept these conditions
please acknowledge such acceptance below. The one time reduction of the covenant
provided herein shall be effective upon our receipt of an acknowledgment of this
letter by the parties to such Loan Agreement.</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">Sincerely,</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">Farm Credit of
Southwest Florida, ACA</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">By:<font style="DISPLAY: inline; TEXT-DECORATION: underline"> /s/ Greg Carlton
</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">Its:<font style="DISPLAY: inline; TEXT-DECORATION: underline"> Vice
President&#160;</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-layout-grid-align: none">The parties named
below, being all of the parties to the Loan Agreement referenced above, hereby
acknowledge and agree to the terms and conditions of the foregoing under seal on
the date set forth below.</div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">BORROWER: </div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">ALICO, INC. (SEAL)</div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-layout-grid-align: none">By:<font style="DISPLAY: inline; TEXT-DECORATION: underline"> /s/ Patrick W. Murphy
</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-hyphenate: none">Patrick W. Murphy,
CFO</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">Date:<font style="DISPLAY: inline; TEXT-DECORATION: underline"> 3/30/10 </font></div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">GUARANTORS:</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">BOWEN BROTHERS FRUIT, LLC (SEAL)</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">By: ALICO, Inc., sole member</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">By:<font style="DISPLAY: inline; TEXT-DECORATION: underline"> /s/ Patrick W. Murphy
</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify; mso-hyphenate: none">Patrick W. Murphy,
CFO</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">Date:<font style="DISPLAY: inline; TEXT-DECORATION: underline"> 3/30/10 </font></div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">ALICO-AGRI, LTD. (SEAL)</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none">By: Alico, Inc., General Partner</div>
      <div>&#160;</div>
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