THIRD AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • May 15th, 2015 • RiceBran Technologies • Grain mill products • California
This Third Amended and Restated Security Agreement (as amended, modified or otherwise supplemented from time to time, this "Security Agreement"), dated as of May 12, 2015 ("Effective Date"), is executed by RiceBran Technologies, a California corporation ("RBT"), The RiceX Company, a Delaware corporation ("RiceX"), and Rice Science, LLC, a Delaware limited liability company ("Rice Science", and together with RiceX and RBT, the "Company"), in favor of Collateral Agent (as herein defined) on behalf of the Investors listed on Schedule I hereto (each, an "Investor", and collectively, the "Investors").
PLEDGE AGREEMENTPledge Agreement • May 15th, 2015 • RiceBran Technologies • Grain mill products • New York
THIS PLEDGE AGREEMENT ("Agreement"), dated as of May 12, 2015, is executed and delivered by RiceBran Technologies ("Pledgor") in favor of the Agent (as defined below).RECITALS:
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • May 15th, 2015 • RiceBran Technologies • Grain mill products • New York
This INTELLECTUAL PROPERTY SECURITY AGREEMENT (“IP Security Agreement”) is made and entered into on the terms and conditions hereinafter set forth, by and between RiceBran Technologies, NutraCea, LLC, SRB-IP, LLC, SRB-MERM, LLC, SRB-LC, LLC, SRB-MT, LLC, SRB-WS, LLC, RiceX Company, RiceX Nutrients, Inc., Rice Science, LLC, Rice Rx, LLC and Healthy Natural, Inc. (collectively, “Grantor”), and Full Circle Capital Corporation, a Maryland corporation (“Agent” and a “Lender”), as of May 12, 2015.
REVOLVING LOAN NOTERiceBran Technologies • May 15th, 2015 • Grain mill products
FOR VALUE RECEIVED, the undersigned, RICEBRAN TECHNOLOGIES, a California corporation (“Borrower”), HEREBY UNCONDITIONALLY PROMISES TO PAY to FULL CIRCLE CAPITAL CORPORATION, as agent on behalf of the Lenders (as defined in the Agreement referred to herein), and its successors and assigns (“Agent”), for its account, on behalf of Lenders (as defined in the Agreement referred to herein), on the Maturity Date (as defined in the Agreement referred to herein), THREE MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($3,500,000), as set forth in the Agreement.
AMENDMENT TO LOAN DOCUMENTSLoan Documents • May 15th, 2015 • RiceBran Technologies • Grain mill products • California
This Amendment to Loan Documents ("Amendment"), dated as of May 12, 2015 ("Effective Date"), is entered into by and among RiceBran Technologies, a California corporation (the "Company"), and the persons and entities listed on the schedule of investors attached hereto as Schedule I (each an "Investor" and, collectively, the "Investors"). The parties agree as follows:
TERM LOAN NOTERiceBran Technologies • May 15th, 2015 • Grain mill products
FOR VALUE RECEIVED, the undersigned, RICEBRAN TECHNOLOGIES, a California corporation (“Borrower”), HEREBY UNCONDITIONALLY PROMISES TO PAY to FULL CIRCLE CAPITAL CORPORATION, as agent on behalf of the Lenders (as defined in the Agreement referred to herein), and its successors and assigns (“Agent”), for its account, on behalf of Lenders (as defined in the Agreement referred to herein), on the Maturity Date (as defined in the Agreement referred to herein), TWO MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,500,000), as set forth in the Agreement.
BACKGROUNDSubordination Agreement • May 15th, 2015 • RiceBran Technologies • Grain mill products • California
