Form of Indemnification Agreement (incorporated by reference to Exhibit 10.1 to the Companys Current Report on Form 8-K filed on April 22, 2020)
Exhibit 10.1
Certain identified information has been excluded from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly disclosed. Such excluded information has been marked with [Redacted: Commercially Sensitive Information]
May 11, 2020
Village Farms International
90 Colonial Center Parkway,
Lake Mary, Florida 32746
Attention: Stephen Ruffini, Chief Financial Officer
Dear Sir,
Re: Loan #0000545874000
As per our recent email correspondence and telephone discussions, the captioned loan was renewed with an effective date of May 1, 2020 as follows:
| • | Term is 5 years, maturity date is now set at April 1st, 2025. |
| • | Remaining amortization is currently 9 years and 9 months, ending on February 1st, 2030. |
| • | Interest rate is 4.574%, Variable open. This is based on CIBC LIBOR rates, which are reset on a quarterly basis. |
| • | Monthly payments are currently set at $374,623.36. |
| • | [Redacted: Commercially Sensitive Information] |
| • | [Redacted: Commercially Sensitive Information] |
| • | [Redacted: Commercially Sensitive Information] |
Any questions regarding the above can be directed to the undersigned.
Sincerely,
Bill Moore
Senior Relationship Manager
Corporate and Senior Accounts
FCC Agribusiness and Agri-Food
Western Region
Farm Credit Canada
18110-2618 Hopewell Place NE
Calgary, Alberta T1Y 7J7
Tel/Tél. : (403) 292-5799 Cell. : (587) 436-6047
***@***
www.fcc.ca/food
www.fcc.ca/agribusiness
Dream. Grow. Thrive.
