PUBLIC NOTICE OF UCC ARTICLE 9 SALE: Ricebran Technologies

NOTICE OF UCC ARTICLE 9 PUBLIC SALE OF ASSETS OF

RICEBRAN TECHNOLOGIES

Secured Party Sale at Public Auction

October 24, 2024, at 11:30 a.m. (prevailing Eastern Time)

NOTICE IS HEREBY GIVEN that, pursuant to the Uniform Commercial Code of the State of New York (the “UCC”), Funicular Funds, LP, as secured lender (the “Secured Party”) to RiceBran Technologies, a California corporation (the “Debtor”), intends to offer to sell at a public auction on October 24, 2024, at 11:30 a.m. (prevailing Eastern Time), on a virtual platform and in a manner and pursuant to bidding procedures to be determined by the Secured Party (the “Public Sale”), all right, title, and interest of the Debtor to substantially all of its personal property, including goods, inventory, equipment, intellectual property, general intangibles, investment property, and all equity interests in MGI Grain Incorporated, a Delaware corporation (the “Sale Collateral”).  Unless otherwise agreed by the Secured Party, the Sale Collateral shall not include cash, cash equivalents, or Deposit Accounts.

The bid deadline is October 22, 2024 at 5:00 p.m. (prevailing Eastern Time) (as may be extended by the Secured Party in its sole discretion).  To access information regarding the Sale Collateral and the bidding procedures, prospective bidders must enter into a confidentiality agreement and provide evidence satisfactory to the Secured Party that such parties possess the financial wherewithal to make the required cash deposit and required minimum bid.  Potential bidders may contact Heidi Lipton at Rock Creek Advisors, LLC, at [email protected] to obtain the form of confidentiality agreement, the bidding procedures, and access to due diligence materials.

The Secured Party reserves the right to exclude assets from the Public Sale, to offer assets in one or more lots, modify the bidding procedures, add additional bidding terms, cancel the Public Sale, or to adjourn the Public Sale, without further notice or publication other than by announcement at or prior to the Public Sale.

The Secured Party holds security interests in the Sale Collateral to secure the timely payment and performance of the Debtor’s obligations to the Secured Party, and the Debtor is in default of its obligations under its debt documents with the Secured Party.  THE SALE OF THE SALE COLLATERAL IS “AS IS AND WHERE IS” AND THE SECURED PARTY MAKES NO AND DISCLAIMS ANY REPRESENTATION OR WARRANTY OF ANY KIND WITH RESPECT TO THE SALE COLLATERAL.