Exhibit 10.67
FIRST AMENDMENT TO REVOLVING LOAN
PROMISSORY NOTE
This First Amendment to Revolving
Loan Promissory Note (this “Amendment”) is entered into
as of June 30, 2009, by and between AMERICAN AGCREDIT,
PCA , an agricultural credit association chartered pursuant to
the Farm Credit Act of 1971 (“Lender”), and ML
MACADAMIA ORCHARDS, L.P. , a Delaware limited partnership, and
ML RESOURCES, INC. , a Hawaii corporation (together,
“Borrower”).
R
E C I
T A L S :
A.
Borrower and Lender entered in to a
Third Amended and Restated Credit Loan Agreement dated
June 30, 2009 (the “Credit Agreement”) whereby
Lender agreed, among other things, to modify the terms of repayment
and extend the maturity date of that certain Revolving Loan
Promissory Note dated July 8, 2008 in the amount of Six
Million Dollars ($6,000,000.00) made by Borrower in favor of Lender
(the “Revolving Note”).
B.
The parties are entering into this
Amendment to evidence the extension of the maturity of the
Revolving Note.
NOW, THEREFORE
, taking the forgoing Recitals into
account, and for other good and valuable consid
