LOCKUPAGREEMENT

December____,2013
MaximGroupLLC
AsRepresentativeoftheSeveralUnderwriters
405LexingtonAvenue
NewYork,NY10174
Re:

PublicOfferingofRicebranTechnologies

LadiesandGentlemen:
Theundersigned,aholderofcommonstock,parvalue$0.001(CommonStock),orrightstoacquire
Common Stock, of Ricebran Technologies (the Company) understands that you,as representative (the
Representative) of the several Underwriters, propose to enter into an Underwriting Agreement (the
UnderwritingAgreement)withtheCompany,providingforthepublicofferingofcommonstockandwarrantsto
purchase common stock pursuant to registration statement number 333191448(the Public Offering) bythe
severalUnderwritersnamedon ScheduleI totheUnderwritingAgreement(theUnderwriters),ofsharesof
CommonStockandWarrantstopurchaseCommonStockoftheCompany(theSecurities). Capitalizedterms
usedhereinandnototherwisedefinedshallhavethemeaningssetforthintheUnderwritingAgreement.
InconsiderationoftheUnderwritersagreementtoenterintotheUnderwritingAgreementandtoproceed
withthePublicOfferingoftheSecurities,andforothergoodandvaluableconsiderationreceiptofwhichishereby
acknowledged,theundersignedherebyagreesforthebenefitoftheCompany,theRepresentativeandtheother
Underwritersthat,withoutthepriorwrittenconsentoftheRepresentative,theundersignedwillnot,duringthe
periodspecifiedon ExhibitA hereto(theLockUpPeriod)afterthedateofthefinalprospectussupplement
relatingtothePublicOffering(theEffectiveDate),directlyorindirectly,unlessotherwiseprovidedherein,(a)
offer,sell,agreetoofferorsell,solicitofferstopurchase,grantanycalloptionorpurchaseanyputoptionwith
respectto,pledge,borroworotherwisedispose(eachaTransfer)ofanyRelevantSecurity(asdefinedbelow),or
(b)establishorincreaseanyputequivalentpositionorliquidateordecreaseanycallequivalentpositionwith
respecttoanyRelevantSecurity(ineachcasewithinthemeaningofSection16oftheSecuritiesExchangeActof
1934, as amended, and the rules and regulations promulgated thereunder), or otherwise enter into any swap,
derivative or other transaction or arrangement that Transfers to another, in whole or in part, any economic
consequenceofownershipofaRelevantSecurity,whetherornotsuchtransactionistobesettledbydeliveryof
RelevantSecurities,othersecurities,cashorotherconsideration. Asusedherein,thetermRelevantSecurity
meansanysharesofCommonStock,warranttopurchaseCommonStockorothersecurityoftheCompanyorany
otherentitythatisconvertibleinto,orexercisableorexchangeableforCommonStockorequitysecuritiesofthe
Company,ineachthatareownedbytheundersignedontheEffectiveDateoracquiredbytheundersignedduring
theLockUpPeriod.

Inaddition,theundersignedherebyagreesthat,withoutthepriorwrittenconsentoftheRepresentative,
duringtheLockUpPeriodtheundersignedwillnot:(i)fileorparticipateinthefilingwiththeSecuritiesand
ExchangeCommissionofanyregistrationstatement,orcirculateorparticipateinthecirculationofanypreliminary
orfinalprospectusorotherdisclosuredocumentwithrespecttoanyproposedofferingorsaleofaRelevantSecurity
and(ii)exerciseanyrightstheundersignedmayhavetorequireregistrationwiththeSecuritiesandExchange
CommissionofanyproposedofferingorsaleofaRelevantSecurity.
Inaddition,if:(i)theCompanyissuesanearningsreleaseormaterialnewsoramaterialeventrelatingto
theCompanyoccursduringthelastseventeen(17)daysoftheLockUpPeriod,or(ii)priortotheexpirationofthe

LockUpPeriod,theCompanyannouncesthatitwillreleaseearningsresultsduringthesixteen(16)dayperiod
beginningonthelastdayoftheLockUpPeriod,therestrictionsimposedbythisAgreementshallcontinuetoapply
until the expiration of the eighteen (18)day period beginning on the issuance of the earnings release or the
occurrenceofthematerialnewsormaterialevent.
Infurtheranceoftheundersignedsobligationshereunder,theundersignedherebyauthorizestheCompany
duringtheLockUpPeriodtocauseanytransferagentfortheRelevantSecuritiestodeclinetotransfer,andtonote
stop transfer restrictions on the stock register and other records relating to, Relevant Securities for which the
undersignedistherecordholderandthetransferofwhichwouldbeaviolationofthislockupagreementand,inthe
caseofRelevantSecuritiesforwhichtheundersignedisthebeneficialbutnottherecordholder,agreesduringthe
LockUpPeriodtocausetherecordholdertocausetherelevanttransferagenttodeclinetotransfer,andtonotestop
transferrestrictionsonthestockregisterandotherrecordsrelatingto,suchRelevantSecuritiestotheextentsuch
transferwouldbeviolationofthislockupagreement.
Notwithstandingtheforegoing,theundersignedmaytransfertheundersignedsRelevantSecurities(i)asa
bonafidegiftorgifts,(ii)toanytrustforthedirectorindirectbenefitoftheundersignedortheimmediatefamilyof
the undersigned, (iii) if the undersigned is a corporation, partnership, limited liability company, trust or other
businessentity(1)toanothercorporation,partnership,limitedliabilitycompany,trustorotherbusinessentitythatis
adirectorindirectaffiliate(asdefinedinRule405promulgatedundertheSecuritiesActof1933,asamended)of
theundersignedor(2)tolimitedpartners,limitedliabilitycompanymembersorstockholdersoftheundersigned,
(iv)iftheundersignedisatrust,tothebeneficiaryofsuchtrust,(v)bytestatesuccessionorintestatesuccession,(vi)
byoperationoflaw,suchaspursuanttoaqualifieddomesticorderorinconnectionwithadivorcesettlement,(vii)
pursuanttotheUnderwritingAgreement,or(viii)ifacquiredbytheundersignedinopenmarkettransactionsafter
theOffering;provided,inthecaseofclauses(i)(vi),thatsuchtransfershallnotinvolveadispositionforvalueand
thetransfereeagreesinwritingwiththeUnderwritersandtheCompanytobeboundbythetermsofthislockup
agreement.ForpurposesofthisAgreement,immediatefamilyshallmeananyrelationshipbyblood,marriageor
adoption,notmoreremotethanfirstcousin.
Inaddition,theforegoingrestrictionsshallnotapplyto(i)theexerciseofstockoptionsgrantedpursuantto
theCompanys2005EquityIncentivePlanor2010EquityIncentivePlan;providedthatthesecuritiesissuedupon
such exercise shall be subject to the limitations relating to Relevant Securities provided herein, or (ii)the
establishmentormodificationofanycontract,instructionorplan(aPlan)thatsatisfiesalloftherequirementsof
Rule10b51(c)(1)(i)(B)undertheSecuritiesExchangeActof1934,asamended; provided thatnosalesofthe
undersignedsRelevantSecuritiesshallbemadepursuanttosuchaPlanpriortotheexpirationoftheLockUp
Period(assuchmayhavebeenextendedpursuanttotheprovisionshereof).
Inadditiontotheforegoing,noneoftherestrictionssetforthinthislockupagreementshallapplytothe
RelevantSecuritiesoftheundersignedthatwereacquiredbeforethedatehereofandthatarelistedon ExhibitB
hereto.
Theundersignedherebyrepresentsandwarrantsthattheundersignedhasfullpowerandauthoritytoenter
intothisletteragreementandthatthisletteragreementconstitutesthelegal,validandbindingobligationofthe
undersigned,enforceableinaccordancewithitsterms.Uponrequest,theundersignedwillexecuteanyadditional
documentsnecessaryinconnectionwithenforcementhereof.Anyobligationsoftheundersignedshallbebinding
uponthesuccessorsandassignsoftheundersignedfromthedatefirstabovewritten.
Theundersignedunderstandsthat,iftheUnderwritingAgreementdoesnotbecomeeffective,orifthe
Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or be

terminatedpriortopayment foranddeliveryoftheSecuritiestobesoldthereunder,theundersignedshall be
releasedfromallobligationsunderthisletteragreement.
Theundersigned,whetherornotparticipatinginthePublicOffering,understandsthattheUnderwritersare
enteringintotheUnderwritingAgreementandproceedingwiththePublicOfferinginrelianceuponthisletter
agreement.

ThislockupagreementshallbegovernedbyandconstruedinaccordancewiththelawsoftheStateof
New York, without regard to the conflict of laws principles thereof. Delivery of a signed copy of this letter
agreementbyfacsimileoremail/.pdftransmissionshallbeeffectiveasdeliveryoftheoriginalhereof.
Verytrulyyours,
Name:
[SignaturePageofLockUpAgreement]

ExhibitA
LockUpPeriod
TheLockUpPeriodshallbetheperiodoftimebeginningonthedateofthislockupagreementand
endingontheoneyearanniversaryofthedateofthefinal prospectususedtosellCompanysecuritiestothe
UnderwritersinthePublicOffering(FinalProspectus);provided,however,thatatanytimeafterthesixmonth
anniversary of the date of the Final Prospectus (Six Month Anniversary), the Underwriters may waive the
restrictionsinthelockupagreementwithrespecttofiftypercent(50%)oftheRelevantSecuritiesthatarerestricted
bythelockupagreement;andprovidedfurther,thatiftheclosingtradingpriceofCompanyscommonstockonthe
datethatarequestismadeafterSixMonthAnniversary,isinexcessoftwohundredpercent(200%)ofthepricethat
theUnderwritersselltheCompanyscommonstockinthePublicOfferingthentheUnderwriterswillwaivethe
lockupprovisionswithrespecttofiftypercent(50%)oftheRelevantSecuritiesthatarerestrictedinthelockup
agreement..

ExhibitB
RelevantSecuritiesnotRestrictedbyLockupAgreement