Estoppel Letter Regarding Loan Payoff Amounts Between Farm Credit of Southwest Florida and Alico, Inc.

Summary

Farm Credit of Southwest Florida issued this letter to Mr. Patrick Murphy, representing Alico, Inc., confirming the final payoff amounts for two specific loans as of September 8, 2010. The letter details the principal balances, interest, prepayment penalty, and total amounts due for each loan, as well as the combined total. This document serves as an official statement of the amounts required to fully satisfy the loans on the specified date. If there are any questions, the recipient is instructed to contact Farm Credit of Southwest Florida.

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EX-10.06 7 exhibit1006.htm ESTOPPEL LETTER exhibit1006.htm
 
 
 
Farm Credit of Southwest Florida
 

September 8, 2010
 
Mr. Patrick Murphy
P.O. Box 338
LaBelle, Florida ###-###-####
 
 
Re: Final Estopel Letter for September 8,2010
      Alico, Inc
      Loan # 457846-004-002
                # 457846-006-000
      
Dear Mr. Murphy:
 
The payoffs as of September 8, 2010 for the above referenced loans are shown below. The prepayment penalty has been revised to reflect the amount as of September 8,2010 A breakdown of the payoffs is as follows:
 
          
 
                                                                                                                                           &# 160;                                    RLOC
  Term Loan
Loan Number
457846-004-002
457846-006-000
 
Principal Balance
$ 26,102,435.00
$ 41,995,856.91
                                   
Interest
    $ 114,203.20
$ 539,053.93
 
Prepayment Penalty
  
$ 3,093,971.69
 
Total
$ 26,216,638.20
$ 45,628,882.53
 
Per Diem
$ 1877.229699
$ 7812.375872
 
Combined Total
$ 71,845.520.73
  
 
 
If you have any questions, please call.
 
 
 
 
/S/ Greg Carlton
Vice President
 
330 North Brevard Avenue I Arcadia. Florida 34266
Phone ###-###-#### or ###-###-#### 1 Fax (8631 ###-###-#### or (863) 494-51 14 1 www.FarmCredit5WFL.com