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