Mortgage Agreement and Amendment for Purchase and Sale with Republic Business Credit, LLC

EX-10.1 2 brhc10013558_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

Page 1 Borrower Initials Secured Promissory Note3234559v1 SECURED PROMISSORY NOTE $2,000,000 JULY 10, 2020 CONTINENTAL REPUBLIC CAPITAL, LLCD/B/A REPUBLIC BUSINESS CREDITA Louisiana limited liability company 900 Camp Street, Suite 460 New Orleans, LA 70130 “HOLDER” BETWEEN: AND: The Entities Identified on Schedule 1 COLLECTIVELY,THE“BORROWERS” INDIVIDUALLY, A “BORROWER” Date: JULY 10, 2020 “DATE” OBLIGATION. FOR VALUE RECEIVED, the Borrowers, jointly and severally, agree to pay Holder, in lawful money of the United States of America and in immediately available funds at its offices set forth above or at such other location as the Holder may designate from time to time the Principal Amount (as hereinafter defined) under the terms and conditions set forth below. The Principal Amount and Interest (as hereinafter defined) due and owing under this Secured Promissory Note (this “Note”) shall be Obligations under the terms and conditions of that certain Agreement for Purchase and Sale dated October 28, 2019, as amended by that certain First Amendment to the Agreement for Purchase and Sale dated of even date herewith, and as the same may be amended, restated, modified or revised (the “Purchase Agreement”), which Obligations shall have the meaning ascribed to such term in the Purchase Agreement. Each Borrower acknowledges and agrees that the Obligations due and owing to Holder from Borrowers hereunder shall survive the termination of the Purchase Agreement.ADVANCES/PRINCIPAL AMOUNT. In the period from the Date first written above and until October 31, 2020 (the “Advance Period”), from time to time, Borrower may request Holder to make an advance of and Holder may make an advance to Borrower (the “Advances”) under the terms and conditions of this Note; provided, however, in no event (i) shall Borrower make greater than three (3) requests for Advances; or (ii) shall the total of all Advances made by Holder exceed Two Million and 00/100 Dollars (the “Maximum Principal Amount”). The unpaid balance of the Advances due and owing by Borrower to Holder shall be referred to herein as the “Principal Amount”.RATE OF INTEREST/ADMINISTRATIVE FEE. The Principal Amount shall accrue interest at the rate of eleven percent (11.0%) plus the prime rate of interest announced from time to time by Wells Fargo Bank,N.A. or any successor thereof, as its prime rate, base rate, or reference rate (the “Prime Rate”) per annum (the "Interest"). Any adjustment in the Prime Rate, whether downward or upward, will becomeeffective on the first day of the month following the month in which the Prime Rate is reduced or increased, provided, however, that in no event shall the Prime Rate be less than three and one quarter ofone percent (3.25%). All Interest will be computed on the basis of the number of days elapsed and a 360-day year, and such Interest accrued each month shall be paid from Borrower to Holder on the last calendar day of such month.As additional consideration for entering into this Note, Borrower shall pay Holder fee calculated as one percent (1.00%) of each Advance (the “Facility Fee”), which Facility Fee is due and payable to Holder upon any such Advance being made by Holder under this Note and which Facility Fee shall be deducted from such Advance. DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB

3. PAYMENT TERMS. The Principal Amount shall be repaid to Holder over a twenty-four (24) month period in (i) (a) during the Advance Period, four (4) monthly installments equal to 1/36 of the outstanding Principal Amount, plus interest on the outstanding Principal Amount (the “Advance Period Payment”); and(b) after the Advance Period, nineteen (19) equal installments of principal and Interest calculated based thirty-six (36) month amortization of the Principal Amount outstanding on November 1, 2020 (the “Amortized Payment” and together with the Advance Period Payment, the “Monthly Payment”); and (ii)one (1) final installment equal to the outstanding Principal Amount, plus accrued and unpaid Interest on the outstanding Principal Amount (the “Final Payment”). The Monthly Payment shall be due on the lastday of each month beginning July 31, 2020. The Final Payment shall be due June 30, 2022 (the “Maturity Date”). Borrowers hereby irrevocably authorize Holder to pay any Principal Amount or Interest due and owing hereunder directly from funds that would otherwise be paid by Holder to any Borrower under the terms and conditions of the Purchase Agreement. Notwithstanding the foregoing irrevocable authorizationand direction of payment to Holder, Borrowers shall remain jointly and severally liable for the full and indefeasible payment and performance of the payment terms and the liability of the Borrowers hereundershall not be otherwise affected. Any payments received hereunder shall be applied (1) first to the payment of any expenses incurred by the Holder hereof in collecting or enforcing its rights under this Note; (2) second to the payment of Interest as hereinabove provided; and (3) third to the payment of the Principal Amount.Without limiting any of the rights and remedies of the Holder set forth in this Note, upon an Event of Default the Holder of this Note, may, at its option, without further notice or demand (i) declare the outstanding Principal Amount and all accrued but unpaid Interest and Borrowers’ other obligations under this Note at once due and payable, (ii) foreclose all liens securing the payment hereof, (iii) pursue any and all other rights, remedies and recourse available to the Holder hereof, including, but not limited to, any such rights, remedies or recourse available to such Holder under the Note, the Purchase Agreement at law or in equity, or (iv) pursue any combination of the foregoing.DEFAULT RATE. Upon maturity, whether by acceleration, demand or otherwise, and at the Holder’s option upon the occurrence of any Event of Default, the amount outstanding under this Note shall bear interest at a rate of Prime plus two percent (2%) per month (the “Default Rate”), provided, however, the Default Rate shall not exceed the maximum rate allowed by law. The Default Rate shall continue to apply whether or not judgment shall be entered on this Note. The Default Rate is imposed as liquidated damages for the purpose of defraying the Holder’s expenses incident to the handling of delinquent payments and the increased credit risk to Holder, and is in addition to, and not in lieu of, the Holder’s exercise of any rights and remedies hereunder, or under applicable law, and any fees and expenses of any agents or attorneys which the Holder may employ. Each Borrower agrees that the Default Rate is a reasonable forecast of just compensation for anticipated and actual harm incurred by the Holder, and that the actual harm incurred by the Holder cannot be estimated with certainty and without difficulty.EVENTS OF DEFAULT. The occurrence of any of the following events will be deemed to be an “Event of Default” under this Note: (i) the nonpayment of any Principal Amount, Interest or other indebtedness under this Note when due; (ii) the filing by or against any Borrower of any proceeding in Bankruptcy, receivership, insolvency, reorganization, liquidation, conservatorship or similar proceeding;(iii) any assignment by any Borrower for the benefit of creditors, or any levy, garnishment, attachment or similar proceeding is instituted against any property of such Borrower; (iv) a default with respect to any other indebtedness of any Borrower for borrowed money; (v) the commencement of any foreclosure or forfeiture proceeding, execution or attachment against any collateral securing the obligations of any Borrower to the Holder; (vi) a judgment is entered against Borrower in excess of Fifty Thousand and 00/100 Dollars ($50,000.00), unless the same is satisfied within thirty (30) days after the date of entry thereof or an appeal or appropriate proceeding for review thereof is taken within such periods and a stay of execution pending such appeal is obtained; (vii) Ricebran Technologies is no longer a publicly traded entity or there is any other change in the structure of Borrower; (viii) any Borrower ceases doing business as a going concern; (ix) any representation or warranty made by any Borrower to the Holder hereunder, in the Purchase Agreement or any other agreement or documents by and between any Borrower and DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBSECURED PROMISSORY NOTE Secured Promissory Note 2 Borrower Initials

Holder, now or in the future, is false, erroneous or misleading in any material respect; (x) the Purchase Agreement is terminated for any reason; (x) there is an Event of Default under or termination of the Purchase Agreement, and/or (xi) there is an Event of Default under the Mortgage (as hereinafter defined).Upon the occurrence of an Event of Default, at the sole discretion of the Holder: (a) the Holder shall be under no further obligation to perform under this Note or the Purchase Agreement; (b) the Principal Amount and accrued Interest hereunder together with any additional amounts payable hereunder shall be immediately due and payable without demand or notice of any kind; and (c) this Note will bear Interest at the Default Rate from the date of the occurrence of the Event of Default until such Event of Default is cured within the applicable time period. The Holder may exercise from time to time any of the rights and remedies available hereunder, under the Purchase Agreement or under applicable law.INDEMNITY. Each Borrower agrees to indemnify the Holder, each legal entity, if any, who controls, is controlled by or is under common control with the Holder, and each of their respective members, managers, shareholders, directors, officers and employees (each being an "Indemnified Party") and to hold each Indemnified Party harmless from and against any and all losses, claims, actions, damages and liabilities, joint or several, to which such Indemnified Party may become subject under any applicable federal or state law, made by any third party or otherwise, relating to or in connection with the Note and the performance by such Indemnified Party under the Note, except to the extent caused by the gross negligence or willful misconduct of Holder and Borrower will reimburse any Indemnified Party for all costs and expenses (including, without limitation, reasonable attorneys' fees and expenses) as they are incurred in connection with the investigation of, preparation for or defense of any pending or threatening claim, or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. This Section 6 shall survive termination of this Note.GRANT OF SECURITY INTEREST. Ricebran Technologies d/b/a Ricebran Technologies, Inc., and each other Borrower to the extent such Borrower has an interest therein, hereby grants to Holder, as security for the Principal Amount, Interest, and all obligations that are or may be due and owing to Holder pursuant to this Note, a continuing security interest in that certain real property commonly known as 1784 Highway 1 North, Wynne, Cross County, Arkansas 72396 (the “AR Real Property”) all improvements and fixtures thereto, all as further set forth in that certain Mortgage with Security Agreement and Fixture Filing dated on or about the date hereof, by and between Holder and RiceBran Technologies, d/b/a RiceBran Technologies, Inc., a California corporation (the “Mortgage”), all on the terms and conditions contained therein. In addition, Holder shall have a continuing security interest in the Collateral of each Borrower as identified in the Purchase Agreement.MISCELLANEOUS.NOTICES. Any notice as provided for herein or pursuant to this Note shall be in writing, shall be sent to the address set forth herein and shall be deemed to have been duly given upon receipt or refusal. All such notices shall be sent (i) by United States mail, with proper postage prepaid, certified mail with return receipt requested; (ii) by personally delivery to the party to be notified; or (iii) by a nationally recognized overnight delivery service. The address for notices may be changed by written notice delivered as set forth hereinNO WAIVER/AMENDMENT. No delay or omission on the Holder’s part to exercise any right or remedy arising under this Note will impair any such right or remedy or be considered a waiver of any such right or remedy, nor will the Holder’s action or inaction impair any such right or remedy. The Holder’s rights and remedies hereunder are cumulative and not exclusive of any other rights or remedies which the Holder may have under other agreements, at law or in equity. No modification, amendment or waiver of, or consent to any departure by any Borrower from, any provision of this Note will be effective unless made in a writing signed by the Holder, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No waiver of any Event of Default shall be construed, taken or held to be a waiver, acquiescence in or consent to any further or succeeding default of the same nature. DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBSECURED PROMISSORY NOTE Secured Promissory Note 3 Borrower Initials

ATTORNEY’S FEES. Each Borrower agrees to pay on demand all actual costs and expenses incurred by the Holder in the enforcement of its rights in this Note and in any security therefor, including without limitation reasonable legal and attorney fees and expenses.SEVERABILITY. If any provision of this Note or the application thereof to any party or circumstance is held invalid or unenforceable, the remainder of this Note and the application of such provision to other parties or circumstances will not be affected thereby and the provisions of this Note shall be severable in any such circumstance.WAIVER OF DEFENSES. Each Borrower and all endorsers and other persons obligated hereon, hereby waives presentment, demand, protest, notice of demand, notice of protest and notice of nonpayment. In the event this Note is placed in the hands of an attorney for collection, or it is collected by suit, or by bankruptcy or probate, reorganization or any other proceeding in connection with the enforcement of the holder’s rights and remedies under this Note, then Borrowers shall promptly pay on demand to the holder of this Note all court costs and attorneys' fees incurred for such collection. Each Borrower also waives all defenses based on suretyship or impairment of collateral.NO TRANSFER OF ASSETS. The Principal Amount and all accrued Interest hereon shall be immediately due and payable upon any Borrower's (i) transfer or pledge any portion of assets; or (ii) sale of all or substantially all the assets of such Borrower or any of its successors or assigns or the direct or indirect acquisition by any person (or group of persons acting in concert) of ownership or control of a controlling interest in the voting securities (or the power to vote the same) of such Borrower or any of its successors or assigns.MAXIMUM INTEREST. In no event shall the amount of interest due and payable under this Note exceed the maximum rate of interest allowed by applicable law; and in the event any such payment is inadvertently paid by Borrowers or inadvertently received by the Holder of this Note, such excess sum shall be credited as a payment of principal, unless Borrowers shall notify the holder of this Note in writing that Borrowers elect to have such excess sum returned to it forthwith.GOVERNING LAW. This Note has been delivered to and accepted by the Holder and shall be deemed to be made in the State of Texas. THIS NOTE SHALL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE HOLDER AND THE BORROWERS DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, EXCLUDING ITS CONFLICT OF LAWS RULES. Each Borrower hereby irrevocably consents to the exclusive jurisdiction of the United States District Court for the Northern District of Texas or any court of the State of Texas located Dallas County, Texas; provided, however, that nothing contained in this Note will prevent the Holder from bringing any action, enforcing any award or judgment or exercising any rights against any or each Borrower, against any security or against any property of any or each Borrower within any other county, state or other foreign or domestic jurisdiction. Each Borrower acknowledges and agrees that the venue provided above is the most convenient forum for both the Holder and such Borrower. Each Borrower waives any objection to venue and any objection based on a more convenient forum in any action instituted under this Note.ARBITRATION. BORROWERS AND RBC EACH ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS NOTE OR ANY DOCUMENT ARISING HEREUNDER OR WITH RESPECT TO THIS NOTE SHALL BE SUBJECT TO ARBITRATION PURSUANT TO THE ARBITRATION PROVISIONS SET FORTH IN THEATTACHED ANNEX A AND THE PROVISIONS THEREIN ARE INCORPORATED HEREIN IN THEIR ENTIRETY BY THIS REFERENCE. ACCORDINGLY, BORROWERS AND RBC HEREUNDER KNOWINGLY, VOLUNTARILY AND INTENTIONALLY AGREE TO ARBITRATION IN RESPECT TO ANY CLAIM BASED HEREON OR RELATED HERETO, INCLUDING BUT NOT LIMITED TO ANY CLAIM, COUNTERCLAIM, CROSS-CLAIM, THIRD PARTY CLAIM, DISPUTE, DEMAND, SUIT OR PROCEEDING ARISING OUT OF OR RELATED HERETO, UNDER OR IN CONNECTION WITH THIS NOTE, THE PURCHASE AGREEMENT OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH, INCLUDING ANY COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY AND AGREES THAT ALL SUCH PROCEEDINGS SHALL BE SUBJECT TO ARBITRATION. DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBSECURED PROMISSORY NOTE Secured Promissory Note 4 Borrower Initials

Page 1 Borrower Initials Secured Promissory Note3234559v1 In Witness Whereof, the Borrowers hereto have caused this Secured Promissory Note to be duly executed by their respective authorized officers as of the Date.BORROWER:RICEBRAN TECHNOLOGIESBy: Name: Its: GOLDEN RIDGE RICE MILL, INC.By: Name: Its: MGI GRAIN INCORPORATED By: Name: Its: DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB CFO CFO Todd Mitchell Todd Mitchell Todd Mitchell CFO

Secured Promissory Note Page 2 Borrower Initials SCHEDULE 1BORROWERSBorrower:RICEBRAN TECHNOLOGIES, D/B/A RICEBRAN TECHNOLOGIES, INC.a California corporation1330 Lake Robbins Dr., Suite 250 The Woodlands, TX 77380Borrower:GOLDEN RIDGE RICE MILL, INC.a Delaware corporation1330 Lake Robbins Dr., Suite 250 The Woodlands, TX 77380Borrower:MGI GRAIN INCORPORATEDa Delaware corporation1330 Lake Robbins Dr., Suite 250 The Woodlands, TX 77380 DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB

Borrower Initials _ Annex A Arbitration Provisions to Secured Promissory Note3234559v1 ANNEX A ARBITRATION PROVISIONSAgreement to Arbitrate. Each Borrower and RBC acknowledges and agrees that arbitration provides cost, timing and other advantages, and all claims, disputes or controversies arising under or related to this Note (collectively referred to herein as a “Claim”), unless specifically excluded herein, shall be resolved in an arbitration forum. Each Borrower and RBC agree to arbitrate any Claim. All Claims will be decided by the arbitrators selected pursuant to these arbitration provisions (the “Arbitrators”), who will have the same ability to order legal or equitable remedies as could a court of general jurisdiction. Each Borrower and RBC mutually consent to the exclusive resolution by arbitration of all Claims, past, present or future, that such party may have against: (1) the other parties; (2) an affiliate of the other parties, or (3) all successors and assigns of any of the foregoing (collectively the “Third Party Beneficiaries”), who are third party beneficiaries of this Note. The references in this Note to the parties to an arbitration proceeding will include, where applicable, a reference to any Third Party Beneficiary that is such a party. In the event of an arbitration under the Purchase Agreement, the arbitration under this Note shall take place in the same arbitration proceeding.Federal Arbitration Act. Except as provided in this Note, the Federal Arbitration Act shall govern the interpretation and enforcement of, and all proceedings pursuant to, this Note. To the extent that the Federal Arbitration Act is inapplicable, or held not to require arbitration of a particular claim or claims, state law of the State of Texas pertaining to agreements to arbitrate shall apply.Claims Not Covered by Arbitration. This Note does not cover Claims by a party or by any Third Party Beneficiary for temporary restraining orders or preliminary injunctions (“temporary equitable relief”) in cases in which such temporary equitable relief would be otherwise authorized by law. Such resort to temporary equitable relief shall be pending and in aid of arbitration only, and in such cases the trial on the merits of the action will occur in front of, and will be decided by, the Arbitrators, who will have the same ability to order legal or equitable remedies as could a court of general jurisdiction.Time Limits for Commencing Arbitration and Required Notice of All Claims. Each Borrower and RBC agree that the aggrieved party must give written notice of any Claim to the other parties no later than the expiration of the statute of limitations that the law prescribes for the Claim. Otherwise, the Claim shall be void and deemed waived.Notice. The aggrieved party shall provide written notice to the other parties of any Claim. The written notice shall identify and describe the nature of all Claims asserted, the facts upon which such Claims are based and the relief or remedy sought. The notice shall be sent to the other parties and be effective as set forth in this Note.Representation. Each Borrower and RBC agree that each party must proceed in the arbitration with licensed attorneys as its representative. Failure to be represented by a licensed attorney will result in a default and will prevent the defaulted party from presenting any motions or evidence before the Arbitrators. On motion made by the opposing party or on the Arbitrators own motion a default judgment will be entered against the breaching party and the breaching party will be required to pay the other party’s costs and attorney’s fees.Discovery. Each Borrower and RBC agree as follows:The parties shall be entitled to conduct sufficient discovery in arbitration to prepare adequately for the claims and defenses raised in the arbitration, including gaining access to essential documents and witnesses, to be determined by the Arbitrators, provided, however, that discovery for each of (a) Borrowers collectively; and (b) RBC, shall be limited to 20 interrogatories including all subparts and subdivisions, and 20 document requests including all subparts and subdivisions, and further provided that DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB

the parties expressly agree that written briefs shall be no more than 15-pages in length, double-spaced. Exhibits shall be limited to a total of five and shall not exceed five 11 ½ by 8 inch pages in length. The total written submission shall not exceed 20 typewritten pages. Briefs shall be submitted simultaneously. No reply briefs shall be submitted unless good cause shown and if submitted, they will be under the same rules, except they shall not exceed more than seven pages for the written briefs and three pages of Exhibits.The Arbitrators shall have the authority to entertain and rule upon a motion to dismiss, motion for summary judgment, motion to compel discovery, motion in limine, a motion to strike by any party and shall apply the standards governing such motions under the Federal Rules of Civil Procedure. At the arbitration, the Federal Rules of Evidence will apply. The parties will have the right to present proof, through testimony and documentary evidence, and to cross-examine witnesses. Any monetary award shall be in U.S. dollars.No depositions shall be allowed. Requests for additional discovery may be made to the Arbitrators. The Arbitrators may grant an order for such requested additional discovery if the Arbitrators find that the party requires it to adequately arbitrate a claim, taking into account the parties’ mutual desire to have a fast, cost-effective dispute resolution mechanism.Designation of Witnesses. At least thirty (30) days before the arbitration, the parties agree to exchange lists of witnesses, including any experts, and copies of all exhibits intended to be used at the arbitration.Subpoenas. Each party shall have the right to subpoena witnesses and documents for the arbitration as well as documents relevant to the case from third parties. Subpoenas may be enforced in a court in the jurisdiction where the claim is arbitrated.Arbitration Procedures. Each Borrower and RBC agree on the following arbitration procedures.Any such arbitration shall be fully and finally resolved in binding arbitration in a proceeding in the City of Dallas, State of Texas, before a panel of three Arbitrators in accordance of American Arbitration Association (“AAA”). The parties agree that, except as provided in this Note, the arbitration shall be in accordance with AAA then-current commercial arbitration rules/procedures, as modified by the agreed procedures described herein. The Arbitrators shall be either a retired judge or an attorney who is experienced in commercial law and licensed to practice law in the State of Texas. The Arbitrators shall be selected as follows: AAA shall give each of (a) Borrowers collectively; and (b) RBC a list of eleven (11) arbitrators drawn from its panel of employment dispute arbitrators. Each such party shall have ten (10) calendar days from the postmark date on the list to strike all names on the list it deems unacceptable. If only three common names remain on the lists of both parties, those individuals shall be designated as the Arbitrators. If more than three common name remains on the lists of both parties, the parties shall strike names alternately from the list of common names until only three remains. The party who did not initiate the claim shall strike first. If three common names do not exist on the lists of both parties, the sponsoring organization shall furnish an additional list of eleven (11) arbitrators from which the parties shall strike alternately, with the party initiating the claim striking first, until three names remain. Those individuals shall be designated as the Arbitrators.If AAA declines to arbitrate the matter or if at the time of service of notice of the claim AAA no longer operates an arbitration facility within the City of Dallas, State of Texas, the parties agree that, except as provided in this Note, the arbitration will be held before a three private Arbitrators under the AAA Commercial Arbitration Rules with Arbitrators appointed by a state court judge in the jurisdiction where the arbitration is to take place, which Arbitrators shall be either a retired judge, or an attorney who is experienced in employment law and licensed to practice law in the state in which the arbitration is convened.The Arbitrators shall apply the substantive law (and the law of remedies, if applicable) of the State of Texas, or federal law, or both, as applicable to the claim(s) asserted. The Arbitrators are without jurisdiction to apply any different substantive law or law of remedies. The Federal Rules of Evidence shall DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB Secured Promissory Note 8 Borrower Initials

apply. Notwithstanding any rules of applicable arbitral forums to the contrary, to the extent there is a question of enforceability of this Note (including but not limited to its waiver of class and collective actions), a challenge to the Arbitrators’ jurisdiction, or a dispute over the arbitrability of a claim, it shall be solely resolved by the Arbitrators. The Arbitrators shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Note, including but not limited to any claim that all or any part of this Note is void or voidable, as well as the exclusive authority to resolve any legal claims raised and to grant any and all rights, remedies and relief that would be available to the parties if the claims were brought in a court of law. The arbitration shall be final and binding upon the parties, except as provided in this Note.The Arbitrators shall have jurisdiction to hear and rule on pre-hearing disputes and is authorized to hold pre-hearing conferences by telephone or in person, as the Arbitrators deem advisable. The Arbitrators shall apply the standards governing motions under the Federal Rules of Civil Procedure. Only the Arbitrators, in their sole discretion, may decide the conscionability of this Note.Any party, at its expense, may arrange for and pay the cost of a court reporter to provide a stenographic record of proceedings.Should any party refuse or neglect to appear for, or participate in, the arbitration hearing, the Arbitrators shall have the authority to decide the dispute based upon whatever evidence is presented.Any party, upon request at the close of the hearing, shall be given leave to file a post-hearing brief. The time for filing such a brief shall be set by the Arbitrators, but shall not be more than thirty (30) days after the close of the hearing.The Arbitrators shall render a fact opinion and not a reasoned opinion no later than thirty (30) days from the date the arbitration hearing concludes or the post-hearing briefs (if requested) are received, whichever is later. The opinion shall include the factual basis for the award. If the opinion is not rendered within 30 days, a penalty of $100 a day will be deducted from the Arbitrator’s fee for each day the award order is delayed. The Arbitrators shall issue a written award and arbitration decision that sets forth the Arbitrators’ findings of fact and conclusions of law upon which the award is based. The Arbitrators award shall be final and binding upon the parties, and judgment upon the award may be entered in any court of competent jurisdiction in any state of the United States or country or application may be made to such court for a judicial acceptance of the award and an enforcement as the law of such jurisdiction may require or allow.The parties shall initially equally split the arbitration fees and costs between each party. Borrowers jointly and severally agree to reimburse RBC for all reasonable attorneys’ fees and costs incurred by RBC arising under to related to any arbitration, which shall awarded by the Arbitrators. Motions for attorney’s fees and costs must be filed within 10 days of the date the arbitration decision is issued or it is waived. The ruling on the petition for fees will not toll the time for moving to enforce the arbitration decision in a court of competent jurisdiction.Confidentiality. Each Borrower and RBC agree that because this matter is subject to mandatory, final, and binding arbitration, all disputes will be and remain strictly confidential and no charge or Claim will be filed against the other party or the Arbitrators because of the arbitration. The parties each agree that, except as may be necessary to enter judgment upon the award or to the extent required by applicable law, all Claims, defenses and proceedings (including, without limitation, the existence of a controversy and the fact that there is an arbitration proceeding) shall be treated in a confidential manner by the Arbitrators, the parties and their counsel, each of their agents, and employees and all others acting on behalf of or in concert with them. Without limiting the generality of the foregoing, no one shall divulge to any third party or person not directly involved in the arbitration the content of the pleadings, papers, orders, hearings, trials, or awards in the arbitration, except as may be necessary to enter judgment upon the Arbitrator's award or as required by applicable law. Nothing in this paragraph, however, shall be construed to prohibit the parties or their attorneys from communicating with potential witnesses in connection with good faith efforts to investigate facts or to prepare for arbitration. The Arbitrators’ opinion and award also shall be kept confidential, and may be disclosed only to the extent necessary to comply with and/or enforce the same.Survival. These arbitration provisions shall survive termination of the Note. DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB Secured Promissory Note 9 Borrower Initials

13. Voluntary Agreement. EACH BORROWER AND RBC ACKNOWLEDGES THAT SUCH PARTY HAS CAREFULLY READ THESE ARBITRATION PROVISIONS, UNDERSTANDS THE TERMS, THAT ALL UNDERSTANDINGS AND AGREEMENTS BETWEEN THE PARTIES REGARDING ARBITRATION ARE CONTAINED IN THE NOTE. EACH PARTY FURTHER ACKNOWLEDGES THAT SUCH PARTY HAS ENTERED INTO THESE ARBITRATION PROVISIONS VOLUNTARILY AND NOT IN RELIANCE ON ANY PROMISES OR REPRESENTATIONS BY THE OTHER PARTY OTHER THAN THOSE CONTAINED IN THIS NOTE. DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB Secured Promissory Note 10 Borrower Initials

FIRST AMENDMENT TO THE AGREEMENT FOR PURCHASE AND SALE“FIRST AMENDMENT” AMONG: CONTINENTAL REPUBLIC CAPITAL, LLC D/B/AREPUBLIC BUSINESS CREDITA Louisiana limited liability company 900 Camp Street, Suite 460New Orleans, LA 70130 “PURCHASER” AND: THE ENTITIES SET FORTH ON SCHEDULE 1 ATTACHED HERETO COLLECTIVELY, THE “SELLERS”AND EACH A “SELLER” JULY 10, 2020 “EFFECTIVE DATE” RECITALSWHEREAS, on or about October 28, 2019, Republic Business Credit, LLC (“Republic”) and Sellers entered into that certain Agreement for Purchase and Sale (as the same may have been amended, modified or restated, the “Purchase Agreement”) together with instruments, agreements and documents executed in connection therewith (as the same may have been amended, modified or restated, the “Purchase Agreement Documents”) providing for the sale of certain Accounts by Seller to Purchaser under the terms and conditions set forth therein.WHEREAS, on or about November 21, 2019, Purchaser and Republic filed for a merger of the entities with the State of Louisiana, which merger resulted in Purchaser surviving, as the survivor entity, and Republic no longer continuing as a legal entity, pursuant to which the Purchase Agreement Documents, including the Purchase Agreement, were assigned from Republic to Purchaser (the “Assignment”).WHEREAS, the parties agree that the Purchase Agreement shall be amended to reflect that Purchaser agrees to make a secured term loan to Sellers, as Borrowers, as evidenced by the Note (as hereinafter defined herein), that Sellers consent to the Assignment and certain other amendments pursuant to the terms and conditions set forth herein.AGREEMENTNOW, therefore, in consideration of the mutual covenants set forth in this First Amendment and other good and valuable consideration, the receipt of which is acknowledged, the parties agree as follows:RECITALS. The foregoing recitals are by this reference made a part hereof and incorporated herein as Paragraph 1. The recitals set forth herein constitute an integral part of this First Amendment, evidencing the intent of the parties in executing this First Amendment and describing the circumstances surrounding its execution and this First Amendment shall be construed thereof.DEFINITIONS. Capitalized terms used herein but not defined herein shall have such meaning as ascribed to such term in the Purchase Agreement.CONSENT. Each Seller acknowledges and consents to the Assignment of the Purchase Agreement from Republic to Purchaser and all actions known by Seller that have been taken by Purchaser since such Assignment.PURCHASER’S ADDRESS. The parties acknowledge that notice is hereby provided to Sellers of the Purchaser’s change in address to the following: 900 Camp Street, Suite 460, New Orleans, LA 70130, effective as of July 1, 2020.AMENDMENTS TO THE AGREEMENTS. The Purchase Agreement is hereby amended as follows:A new Section 3.4 shall be added to the Agreement for Purchase and Sale following Section 3.3 “Conditions Precedent to Funding” as follows:3.4 Term Loan Collateral Representation and Warranty. In the event the appraised market value of the AR Real Property does not equal at least Sixty-Five Percent (65%) of the Principal Amount under the Term Note, each Seller agrees to grant Purchaser a security interest in that certain real property commonly known as 316 5th Ave., N.E., East Grand Forks, Minnesota (the “MN Real Property”) to the extent of such Seller’s interest in the MN Real property.Page 1 Purchaser Initials First Amendment to the Agreement for Purchase and Sale Seller Initials DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB

First Amendment to the Agreement for Purchase and Sale Page 2 Purchaser Initials Seller Initials 5.2follows: A new Section 5 shall be added to the Agreement for Purchase and Sale following Section 4 “Conflicting Provisions” asTerm Loan.Secured Promissory Note. Pursuant to that certain Secured Promissory Note dated on or about July 10, 2020 (the “Note”), Purchaser, as Holder, may loan to Sellers, as Borrower, the principal amount of up to Two Million and 00/100 Dollars ($2,000,000.00) (the “Maximum Principal Amount”) all on the terms and conditions set forth therein, which Note is secured by that certain real property commonly known as 1784 Highway 1 North, Wynne, Cross County, Arkansas 72396 (the “AR Real Property”) as set forth in that certain Mortgage with Security Agreement and Fixture Filing dated on or about July 10, 2020 by and between RiceBran Technologies, d/b/a RiceBran Technologies, Inc., a California corporation, as Mortgagor, and Purchaser, as Mortgagee (the “Mortgage”). From and after the Date of this First Amendment, all obligations under the Note shall be considered “Obligations” under the Purchase Agreement. The Collateral shall secure all obligations of the Sellers, as Borrowers, under the Note.5.2 Conditions Precedent. Purchaser shall receive each of the following from Sellers as a condition precedent to this First Amendment and the Note, all of which shall be to the satisfaction of Purchaser in its sole discretion: (i) the Mortgage and/or other such documents regarding the AR Real Property and the grant of security interest therein; (ii) appraisals for the AR Real Property or any Collateral performed by an appraiser approved by Purchaser; and (iii) Seller’s presentation of a thirteen (13) week cashflow prior to the initial draw of the Note facility. 5.3 The Purchase Provisions of the Purchase Agreement are hereby amended be striking Section 10.3 Waiver of Jury Trial in its entirety and replaced with the following: Section 10.3 ARBITRATION. PURCHASER AND SELLERS EACH ACKNOWLEDGE AND AGREE THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS PURCHASE AGREEMENT OR ANY DOCUMENT ARISING HEREUNDER OR WITHRESPECT TO THIS PURCHASE AGREEMENT SHALL BE SUBJECT TO ARBITRATION PURSUANT TO THE ARBITRATION PROVISIONS SET FORTH IN THE ATTACHED ANNEX A AND THE PROVISIONS THEREIN ARE INCORPORATED HEREIN IN THEIR ENTIRETY BY THIS REFERENCE. ACCORDINGLY, PURCHASER AND SELLERS HEREUNDER KNOWINGLY, VOLUNTARILY ANDINTENTIONALLY AGREE TO ARBITRATION IN RESPECT TO ANY CLAIM BASED HEREON OR RELATED HERETO, INCLUDING BUT NOT LIMITED TO ANY CLAIM, COUNTERCLAIM, CROSS-CLAIM, THIRD PARTY CLAIM, DISPUTE, DEMAND, SUIT OR PROCEEDINGARISING OUT OF OR RELATED HERETO UNDER OR IN CONNECTION WITH THIS PURCHASE AGREEMENT OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH, INCLUDING ANY COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY AND AGREES THAT ALL SUCH PROCEEDINGS SHALL BE SUBJECT TO ARBITRATION.RATIFICATION OF PURCHASE AGREEMENT. The parties agree that the Purchase Agreement, except as specifically amended hereby, and the Purchase Agreement Documents shall remain in full force and effect and each is hereby ratified, approved and confirmed in all respects. From and after the Effective Date hereof, each reference to the Purchase Agreement shall be deemed to mean the Purchase Agreement, as amended and ratified by this First Amendment.EFFECTIVE DATE. This First Amendment shall become effective as of the Effective Date upon execution of this First Amendment by all parties.GOVERNING LAW. This First Amendment shall be governed by, and construed in accordance with the internal laws (and not the law of conflicts) of the State of Texas.EXECUTION IN COUNTERPARTS. This First Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. A signature sent by PDF or electronic signature shall be as valid and binding upon the party as an original signature of such party, provided, however, notwithstanding anything to the contrary contained herein, Purchaser may require an original signature at its sole discretion prior to this First Amendment becoming effective.[Remainder of page intentionally left blank. Execution pages follow.] DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBFirst Amendment to the Agreement for Purchase and SaleEach Seller shall take any actions required to grant such security interest in the MN Real Property to Purchaser and to perfect Purchaser’s security interest in the MN Real Property.

Signature Page First Amendment to the Agreement for Purchase and Sale EXECUTIONIn Witness Whereof, the parties hereto have caused this First Amendment to be duly executed by their respective authorized officers as of the Date.PURCHASER:CONTINENTAL REPUBLIC CAPITAL, LLC REPUBLIC BUSINESS CREDIT By: Name: Melissa BainesIts: Risk Manager SELLER:RICEBRAN TECHNOLOGIES D/B/A RICEBRAN TECHNOLOGIES, INC.a California corporation Its: GOLDEN RIDGE RICE MILL, INC.a Delaware corporation By: Name: Its: Its: DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB By: Name: Todd Mitchell Todd Mitchell CFO CFO CFO MGI GRAIN INCORPORATEDA Delaware corporationBy: Name: Todd Mitchell

First Amendment to the Agreement for Purchase and Sale Page 2 Purchaser Initials Schedule 1 –Seller Seller Initials DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBFirst Amendment to the Agreement for Purchase and Sale Schedule 1THE “SELLER” IS SET FORTH AS FOLLOWS:RICEBRAN TECHNOLOGIESa California corporation1330 Lake Robbins Dr., Suite 250 The Woodlands, TX 77380GOLDEN RIDGE RICE MILL, INC.a Delaware corporation1330 Lake Robbins Dr., Suite 250 The Woodlands, TX 77380MGI GRAIN INCORPORATEDa Delaware corporation1330 Lake Robbins Dr., Suite 250 The Woodlands, TX 77380

Signature Page First Amendment to the Agreement for Purchase and Sale ANNEX AARBITRATION PROVISIONS1. Agreement to Arbitrate. Each Seller and RBC (each may be referred to as a “Party” and collectively the “Parties” under this Annex A) acknowledges and agrees that arbitration provides cost, timing and other advantages, and all claims, disputes or controversies arising under or related to this Purchase Agreement or the termination thereof (collectively referred to herein as a “Claim”), unless specifically excluded herein, shall be resolved in an arbitration forum. The Parties agree to arbitrate any Claim. All Claims will be decided by the arbitrators selected pursuant to these arbitration provisions (the “Arbitrators”), who will have the same ability to order legal or equitable remedies as could a court of general jurisdiction. The Parties mutually consent to the exclusive resolution by arbitration of all Claims, past, present or future, that each Party may have against: (1) the other Parties;(2) an affiliate of the other Parties; (3) the equity holders, members, managers, shareholders, officers, directors, employees, administrators, representatives and agents of the other Parties or such other Party’s affiliates; and/or (4) all successors and assigns of any of the foregoing (collectively the “Third Party Beneficiaries”), who are third party beneficiaries of this Purchase Agreement. The references in this Purchase Agreement to the Parties to an arbitration proceeding will include, where applicable, a reference to any Third Party Beneficiary that is such a Party.Federal Arbitration Act. Except as provided in this Purchase Agreement, the Federal Arbitration Act shall govern the interpretation and enforcement of, and all proceedings pursuant to, this Purchase Agreement. To the extent that the Federal Arbitration Act is inapplicable, or held not to require arbitration of a particular claim or claims, state law of the State of Louisiana pertaining to agreements to arbitrate shall apply.Claims Not Covered by Arbitration. This Purchase Agreement does not cover Claims by a Party or by any Third Party Beneficiary for temporary restraining orders or preliminary injunctions (“temporary equitable relief”) in cases in which such temporary equitable relief would be otherwise authorized by law. Such resort to temporary equitable relief shall be pending and in aid of arbitration only, and in such cases the trial on the merits of the action will occur in front of, and will be decided by, the Arbitrators, who will have the same ability to order legal or equitable remedies as could a court of general jurisdiction.Time Limits for Commencing Arbitration and Required Notice of All Claims. The Parties agree that the aggrieved Party must give written notice of any Claim to the other Parties no later than the expiration of the statute of limitations that the law prescribes for the Claim. Otherwise, the Claim shall be void and deemed waived.Notice. The aggrieved Party shall provide written notice to the other Parties of any Claim. The written notice shall identify and describe the nature of all Claims asserted, the facts upon which such Claims are based and the relief or remedy sought. The notice shall be sent to the other Parties and be effective as set forth in this Purchase Agreement.Representation. The Parties agree that each Party must proceed in the arbitration with licensed attorneys as its representative. Failure to be represented by a licensed attorney will result in a default and will prevent the defaulted Party from presenting any motions or evidence before the Arbitrators. On motion made by the opposing Party or on the Arbitrators own motion a default judgment will be entered against the breaching Party and the breaching Party will be required to pay the other Party’s costs and attorney’s fees.Discovery. The Parties agree as follows:The Parties shall be entitled to conduct sufficient discovery in arbitration to prepare adequately for the claims and defenses raised in the arbitration, including gaining access to essential documents and witnesses, to be determined by the Arbitrators, provided, however that as to (a) the Sellers; and (b) the Purchaser, discovery shall be limited to 20 interrogatories including all subparts and subdivisions, and 20 document requests including all subparts and subdivisions, and further provided that the Parties expressly agree that written briefs shall be no more than 15-pages in length, double-spaced. Exhibits shall be limited to a total of five and shall not exceed five 11 ½ by 8 inch pages in length. The total written submission shall not exceed 20 typewritten pages. Briefs shall be submitted simultaneously. No reply briefs shall be submitted unless good cause shown and if submitted, they will be under the same rules, except they shall not exceed more than seven pages for the written briefs and three pages of Exhibits.The Arbitrators shall have the authority to entertain and rule upon a motion to dismiss, motion for summary judgment, motion to compel discovery, motion in limine, a motion to strike by any Party and shall apply the standards governing such motions under the Federal Rules of Civil Procedure. At the arbitration, the Federal Rules of Evidence will apply. The Parties will have the right to present proof, through testimony and documentary evidence, and to cross-examine witnesses. Any monetary award shall be in U.S. dollars.No depositions shall be allowed. Requests for additional discovery may be made to the Arbitrators. The Arbitrators may grant an order for such requested additional discovery if the Arbitrators find that the Party requires it to adequately arbitrate a claim, taking into account the Parties’ mutual desire to have a fast, cost-effective dispute resolution mechanism. DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DB

DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBFirst Amendment to the Agreement for Purchase and SaleDesignation of Witnesses. At least thirty (30) days before the arbitration, the Parties agree to exchange lists of witnesses, including any experts, and copies of all exhibits intended to be used at the arbitration.Subpoenas. Each Party shall have the right to subpoena witnesses and documents for the arbitration as well as documents relevant to the case from third parties. Subpoenas may be enforced in a court in the jurisdiction where the claim is arbitrated.Arbitration Procedures. The Parties agree on the following arbitration procedures.Any such arbitration shall be fully and finally resolved in binding arbitration in a proceeding in the City of New Orleans, State of Louisiana, before a panel of three Arbitrators in accordance of American Arbitration Association (“AAA”). The Parties agree that, except as provided in this Purchase Agreement, the arbitration shall be in accordance with AAA then-current commercial arbitration rules/procedures, as modified by the agreed procedures described herein. The Arbitrators shall be either a retired judge or an attorney who is experienced in commercial law and licensed to practice law in the State of Louisiana. The Arbitrators shall be selected as follows: AAA shall give (a) the Sellers; and (b) the Purchaser a list of eleven (11) arbitrators drawn from its panel of commercial dispute arbitrators. Each such Party shall have ten (10) calendar days from the postmark date on the list to strike all names on the list it deems unacceptable. If only three common names remain on the lists of both such Parties, those individuals shall be designated as the Arbitrators. If more than three common name remains on the lists of both such Parties, the Parties shall strike names alternately from the list of common names until only three remains. The Party who did not initiate the claim shall strike first. If three common names do not exist on the lists of both such Parties, the sponsoring organization shall furnish an additional list of eleven (11) arbitrators from which both such Parties shall strike alternately, with the Party initiating the claim striking first, until three names remain. Those individuals shall be designated as the Arbitrators.If AAA declines to arbitrate the matter or if at the time of service of notice of the claim AAA no longer operates an arbitration facility within the City of New Orleans, State of Louisiana, the Parties agree that, except as provided in this Purchase Agreement, the arbitration will be held before a three private Arbitrators under the AAA Commercial Arbitration Rules with Arbitrators appointed by a state court judge in the jurisdiction where the arbitration is to take place, which Arbitrators shall be either a retired judge, or an attorney who is experienced in commercial law and licensed to practice law in the state in which the arbitration is convened.The Arbitrators shall apply the substantive law (and the law of remedies, if applicable) of the State of Louisiana, or federal law, or both, as applicable to the claim(s) asserted. The Arbitrators are without jurisdiction to apply any different substantive law or law of remedies. The Federal Rules of Evidence shall apply. Notwithstanding any rules of applicable arbitral forums to the contrary, to the extent there is a question of enforceability of this Purchase Agreement (including but not limited to its waiver of class and collective actions), a challenge to the Arbitrators’ jurisdiction, or a dispute over the arbitrability of a claim, it shall be solely resolved by the Arbitrators. The Arbitrators shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Purchase Agreement, including but not limited to any claim that all or any part of this Purchase Agreement is void or voidable, as well as the exclusive authority to resolve any legal claims raised and to grant any and all rights, remedies and relief that would be available to the Parties if the claims were brought in a court of law. The arbitration shall be final and binding upon the Parties, except as provided in this Purchase Agreement.The Arbitrators shall have jurisdiction to hear and rule on pre-hearing disputes and is authorized to hold pre-hearing conferences by telephone or in person, as the Arbitrators deem advisable. The Arbitrators shall apply the standards governing motions under the Federal Rules of Civil Procedure. Only the Arbitrators, in their sole discretion, may decide the conscionability of this Purchase Agreement.Any Party, at its expense, may arrange for and pay the cost of a court reporter to provide a stenographic record of proceedings.Should any Party refuse or neglect to appear for, or participate in, the arbitration hearing, the Arbitrators shall have the authority to decide the dispute based upon whatever evidence is presented.Any Party, upon request at the close of the hearing, shall be given leave to file a post-hearing brief. The time for filing such a brief shall be set by the Arbitrators, but shall not be more than thirty (30) days after the close of the hearing.The Arbitrators shall render a fact opinion and not a reasoned opinion no later than thirty (30) days from the date the arbitration hearing concludes or the post-hearing briefs (if requested) are received, whichever is later. The opinion shall include the factual basis for the award. If the opinion is not rendered within 30 days, a penalty of $100 a day will be deducted from the Arbitrator’s fee for each day the award order is delayed. The Arbitrators shall issue a written award and arbitration decision that sets forth the Arbitrators’ findings of fact and conclusions of law upon which the award is based. The Arbitrators award shall be final and binding upon the Parties, and judgment upon the award may be entered in any court of competent jurisdiction in any state of the United States or country or application may be made to such court for a judicial acceptance of the award and an enforcement as the law of such jurisdiction may require or allow.The Parties shall initially equally split the arbitration fees and costs between each Party. Sellers agree to joint and severally reimburse Purchaser for all reasonable attorneys’ fees and costs incurred by Purchaser arising under to related to any arbitration, which shall awarded by the Arbitrators. Motions for attorney’s fees and costs must be filed within 10 days of the date the arbitration decision is issued or it is waived. The ruling on the petition for fees will not toll the time for moving to enforce the arbitration decision in a court of competent jurisdiction.Confidentiality. The Parties each agree that because this matter is subject to mandatory, final, and binding arbitration, all disputes will be and remain strictly confidential and no charge or Claim will be filed against another Party or the Arbitrators because of the arbitration. The Parties each agree that, except as may be necessary to enter judgment upon the award or to the extent required by applicable law, all Claims, defenses and proceedings (including, without limitation, the existence of aFirst Amendment to the Agreement for Purchase and Sale Page 2 Purchaser Initials Schedule 1 –Seller Seller Initials

First Amendment to the Agreement for Purchase and Sale Page 3 Purchaser Initials Schedule 1 –Seller Seller Initials DocuSign Envelope ID: CFF78C7F-73BC-4B5B-976E-62AD77C6E5DBFirst Amendment to the Agreement for Purchase and Salecontroversy and the fact that there is an arbitration proceeding) shall be treated in a confidential manner by the Arbitrators, the Parties and their counsel, each of their agents, and employees and all others acting on behalf of or in concert with them. Without limiting the generality of the foregoing, no one shall divulge to any third party or person not directly involved in the arbitration the content of the pleadings, papers, orders, hearings, trials, or awards in the arbitration, except as may be necessary to enter judgment upon the Arbitrator's award or as required by applicable law. Nothing in this paragraph, however, shall be construed to prohibit the Parties or their attorneys from communicating with potential witnesses in connection with good faith efforts to investigate facts or to prepare for arbitration. The Arbitrators’ opinion and award also shall be kept confidential, and may be disclosed only to the extent necessary to comply with and/or enforce the same.Survival. These arbitration provisions shall survive termination of the Purchase Agreement.Voluntary Agreement. EACH PARTY ACKNOWLEDGES THAT SUCH PARTY HAS CAREFULLY READ THESE ARBITRATION PROVISIONS, UNDERSTANDS THE TERMS, THAT ALL UNDERSTANDINGS AND AGREEMENTS BETWEEN THE PARTIES REGARDING ARBITRATION ARE CONTAINED IN THE PURCHASE AGREEMENT. EACH PARTY FURTHER ACKNOWLEDGES THAT SUCH PARTY HAS ENTERED INTO THESE ARBITRATION PROVISIONS VOLUNTARILY AND NOT IN RELIANCE ON ANY PROMISES OR REPRESENTATIONS BY THE OTHER PARTY OTHER THAN THOSE CONTAINED IN THIS PURCHASE AGREEMENT ITSELF.