<SEC-DOCUMENT>0001213900-23-009282.txt : 20230208
<SEC-HEADER>0001213900-23-009282.hdr.sgml : 20230208
<ACCEPTANCE-DATETIME>20230208160747
ACCESSION NUMBER:		0001213900-23-009282
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20230202
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230208
DATE AS OF CHANGE:		20230208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CADIZ INC
		CENTRAL INDEX KEY:			0000727273
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				770313235
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40579
		FILM NUMBER:		23599165

	BUSINESS ADDRESS:	
		STREET 1:		550 SOUTH HOPE STREET
		STREET 2:		SUITE 2850
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		213-271-1600

	MAIL ADDRESS:	
		STREET 1:		550 SOUTH HOPE STREET
		STREET 2:		SUITE 2850
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CADIZ LAND CO INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC AGRICULTURAL HOLDINGS INC
		DATE OF NAME CHANGE:	19920602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARIDTECH INC
		DATE OF NAME CHANGE:	19880523
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ea172927-8k_cadiz.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2022" xmlns:us-gaap-supplement="http://fasb.org/us-gaap-sup/2022q3" xmlns:srt-supplement="http://fasb.org/srt-sup/2022q3" xmlns:us-roles="http://fasb.org/us-roles/2022" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:country="http://xbrl.sec.gov/country/2022" xmlns:srt="http://fasb.org/srt/2022" xmlns:CDZI="http://cadizinc.com/20230202">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02B_US%2DGAAP%2D2022 -->
<!-- Field: Set; Name: xdx; ID: xdx_032_CDZI_cadizinc.com_20230202 -->
<!-- Field: Set; Name: xdx; ID: xdx_049_20230202_20230202 -->
<!-- Field: Set; Name: xdx; ID: xdx_05D_edei%2D%2DEntityCentralIndexKey_0000727273 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityCentralIndexKey">0000727273</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:AmendmentFlag">false</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="cdzi-20230202.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="From2023-02-02to2023-02-02">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000727273</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-02-02</xbrli:startDate>
        <xbrli:endDate>2023-02-02</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000727273</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CDZI:CommonStockParValue0.01PerShareMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-02-02</xbrli:startDate>
        <xbrli:endDate>2023-02-02</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000727273</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CDZI:DepositaryShareseachRepresentingMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-02-02</xbrli:startDate>
        <xbrli:endDate>2023-02-02</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="margin: 0; font-size: 10pt"></p>

<!-- Field: Rule-Page --><div style="width: 100%"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_90E_edei--DocumentType_c20230202__20230202_zCJaq2BplBSe"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>PURSUANT TO SECTION 13 OR 15(d)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>OF THE SECURITIES EXCHANGE ACT OF 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Date of Report (Date of earliest event reported):
<span id="xdx_902_edei--DocumentPeriodEndDate_c20230202__20230202_z19GPfWDSFM4"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">February 2, 2023</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_902_edei--EntityRegistrantName_c20230202__20230202_zgq2teijRXa7"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityRegistrantName">CADIZ INC.</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Exact Name of Registrant as Specified in its
Charter) </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font-size: 10pt">
    <td style="border-bottom: black 1.5pt solid; font-size: 10pt; vertical-align: top; width: 34%; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_904_edei--EntityIncorporationStateCountryCode_c20230202__20230202_zfpjvhKUgHu6"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">Delaware</ix:nonNumeric></span></b></span></td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: black 1.5pt solid; font-size: 10pt; vertical-align: top; width: 32%; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_906_edei--EntityFileNumber_c20230202__20230202_z2nHpFsGQIue"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityFileNumber">0-12114</ix:nonNumeric></span></b></span></td>
    <td style="font-size: 10pt; vertical-align: bottom; width: 1%">&#160;</td>
    <td style="border-bottom: black 1.5pt solid; font-size: 10pt; vertical-align: top; width: 32%; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_900_edei--EntityTaxIdentificationNumber_c20230202__20230202_z0FWrWl66llh"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityTaxIdentificationNumber">77-0313235</ix:nonNumeric></span></b></span></td></tr>
  <tr style="font-size: 10pt">
    <td style="font-size: 10pt; vertical-align: top; text-align: center"><span style="font-size: 10pt"><b>(State or other jurisdiction<br />
of incorporation)</b></span></td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top; text-align: center"><span style="font-size: 10pt"><b>(Commission</b><br />
<b>file number)</b> &#160;</span></td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top; text-align: center"><span style="font-size: 10pt"><b>(IRS Employer</b><br />
<b>Identification No.)</b> &#160;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b><span id="xdx_906_edei--EntityAddressAddressLine1_c20230202__20230202_zRmP5reap1c1"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityAddressAddressLine1">550 S. Hope Street</ix:nonNumeric></span>,
<span id="xdx_903_edei--EntityAddressAddressLine2_c20230202__20230202_zFC2sl1G5gDd"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityAddressAddressLine2">Suite 2850</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b><span id="xdx_900_edei--EntityAddressCityOrTown_c20230202__20230202_z5HGZ5p9z5i7"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityAddressCityOrTown">Los Angeles</ix:nonNumeric></span>, <span id="xdx_907_edei--EntityAddressStateOrProvince_c20230202__20230202_z99uMpDxMXm5"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityAddressStateOrProvince">CA</ix:nonNumeric></span> <span id="xdx_907_edei--EntityAddressPostalZipCode_c20230202__20230202_zbJ9WQZYIXU9"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:EntityAddressPostalZipCode">90071</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Address of principal executive offices) (Zip
Code)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Registrant&#8217;s telephone number, including
area code: <span id="xdx_90E_edei--CityAreaCode_c20230202__20230202_zyz4FKwQIoda"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:CityAreaCode">(213)</ix:nonNumeric></span> <span id="xdx_90E_edei--LocalPhoneNumber_c20230202__20230202_zaXp153Unq2i"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" name="dei:LocalPhoneNumber">271-1600</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Not Applicable</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Former Name, or Former Address, if Changed
Since Last Report)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font-size: 10pt; vertical-align: top">
    <td style="font-size: 10pt; width: 4%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_edei--WrittenCommunications_c20230202__20230202_zbkjyAolQAZh"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></p>
                                <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">&#160;</span></p></td></tr>
  <tr style="font-size: 10pt; vertical-align: top">
    <td style="font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_edei--SolicitingMaterial_c20230202__20230202_zRuv74nePp7k"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></p>
                                <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">&#160;</span></p></td></tr>
  <tr style="font-size: 10pt; vertical-align: top">
    <td style="font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_edei--PreCommencementTenderOffer_c20230202__20230202_zxDLE72R9rn6"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></p>
                                <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">&#160;</span></p></td></tr>
  <tr style="font-size: 10pt; vertical-align: top">
    <td style="font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_edei--PreCommencementIssuerTenderOffer_c20230202__20230202_zXfXW7lAWFz"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font-size: 10pt"><span style="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font-size: 10pt; vertical-align: bottom; background-color: white">
    <td style="border-bottom: black 1.5pt solid; font-size: 10pt; width: 34%; text-align: center"><span style="font-size: 10pt"><b>Title of each class</b></span></td>
    <td style="font-size: 10pt; width: 1%">&#160;</td>
    <td style="border-bottom: black 1.5pt solid; font-size: 10pt; width: 33%; text-align: center"><span style="font-size: 10pt"><b>Trading<br />
Symbol(s)</b></span></td>
    <td style="font-size: 10pt; width: 1%">&#160;</td>
    <td style="border-bottom: black 1.5pt solid; font-size: 10pt; width: 31%; text-align: center"><span style="font-size: 10pt"><b>Name of each exchange<br />
on which registered</b></span></td></tr>
  <tr style="font-size: 10pt; vertical-align: bottom; background-color: #CCEEFF">
    <td style="font-size: 10pt; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_901_edei--Security12bTitle_c20230202__20230202__us-gaap--StatementClassOfStockAxis__custom--CommonStockParValue0.01PerShareMember_zH0bp4JcuZFl"><ix:nonNumeric contextRef="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember" name="dei:Security12bTitle">Common Stock, par value $0.01 per share</ix:nonNumeric></span></b></span></td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_905_edei--TradingSymbol_c20230202__20230202__us-gaap--StatementClassOfStockAxis__custom--CommonStockParValue0.01PerShareMember_zcNZrZVnpJO1"><ix:nonNumeric contextRef="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember" name="dei:TradingSymbol">CDZI</ix:nonNumeric></span></b></span></td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: center"><span style="font-size: 10pt"><b>The <span id="xdx_905_edei--SecurityExchangeName_c20230202__20230202__us-gaap--StatementClassOfStockAxis__custom--CommonStockParValue0.01PerShareMember_zV6DovzZDpah"><ix:nonNumeric contextRef="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NASDAQ</ix:nonNumeric></span> Global Market</b></span></td></tr>
  <tr style="font-size: 10pt; vertical-align: bottom">
    <td style="font-size: 10pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_90F_edei--Security12bTitle_c20230202__20230202__us-gaap--StatementClassOfStockAxis__custom--DepositaryShareseachRepresentingMember_zy3GZWPilca8"><ix:nonNumeric contextRef="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember" name="dei:Security12bTitle">Depositary Shares</ix:nonNumeric></span>&#160;(each representing a</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>1/1000<sup>th</sup>&#160;fractional interest
    in share of</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>8.875% Series A Cumulative Perpetual</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Preferred Stock, par value $0.01 per share)</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_904_edei--TradingSymbol_c20230202__20230202__us-gaap--StatementClassOfStockAxis__custom--DepositaryShareseachRepresentingMember_zvwywAwU2Jmc"><ix:nonNumeric contextRef="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember" name="dei:TradingSymbol">CDZIP</ix:nonNumeric></span></b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p></td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>The <span id="xdx_900_edei--SecurityExchangeName_c20230202__20230202__us-gaap--StatementClassOfStockAxis__custom--DepositaryShareseachRepresentingMember_zS6oh8d8D4yi"><ix:nonNumeric contextRef="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NASDAQ</ix:nonNumeric></span> Global Market</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Emerging growth company <span style="font-family: Times New Roman, Times, Serif"><span id="xdx_906_edei--EntityEmergingGrowthCompany_c20230202__20230202_zjG1jgeBRbs7"><ix:nonNumeric contextRef="From2023-02-02to2023-02-02" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#9744;</ix:nonNumeric></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span>&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1.5pt solid; margin-top: 6pt; margin-bottom: 6pt"><p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 1.01.&#160; Entry into a Material Definitive Agreement</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On <span style="background-color: white">February
2, 2023, </span>Cadiz&#160;Inc. (the &#8220;Company&#8221;) and its wholly-owned subsidiary, Cadiz Real Estate LLC, as borrowers (collectively,
the &#8220;Borrowers&#8221;) <span style="background-color: white">entered into a First Amendment to Credit Agreement with </span>B. Riley
Commercial Capital, LLC (&#8220;B. Riley Commercial&#8221;) <span style="background-color: white">and B. Riley Securities, Inc. (&#8220;BRS&#8221;),
as administrative agent, to amend certain provisions of the Credit Agreement </span>dated as of July 2, 2021, among the Borrowers, B.
Riley Commercial and the other lenders from time to time party thereto, and BRS, as administrative agent for the lenders (the &#8220;Credit
Agreement&#8221;)<span style="background-color: white">, including the following:</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font-size: 10pt; vertical-align: top">
<td style="font-size: 10pt; width: 0"></td><td style="font-size: 10pt; width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td style="font-size: 10pt"><span style="background-color: white">The lenders will have a right to convert from time to time up to $15 million of outstanding
principal, plus any PIK Interest (as defined below) and any accrued and unpaid interest under the Credit Agreement (the &#8220;Convertible
Loan&#8221;) into shares of the Company&#8217;s common stock at a conversion price of $4.80 per share (the &#8220;Conversion Price&#8221;).
The lenders&#8217; right to convert is conditioned upon the Company obtaining stockholder approval of an amendment to its certificate
of incorporation to increase the number of authorized shares of the Company at its next annual meeting of stockholders, expected to be
held in June 2023 (the &#8220;Stockholder Approval&#8221;). If the lenders elect to convert the entire aggregate amount of the Convertible
Loan, the Company would be required to issue an aggregate amount of 3,125,000 shares of common stock, not including shares issuable upon
conversion of any PIK Interest or accrued and unpaid interest on the Convertible Loan. In addition, the Company has agreed to provide
the lenders with registration rights for resale of the shares issuable upon conversion of the Convertible Loan.</span></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font-size: 10pt; vertical-align: top">
<td style="font-size: 10pt; width: 0"></td><td style="font-size: 10pt; width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td style="font-size: 10pt"><span style="background-color: white">Prior to the maturity of the Credit Agreement, the Company will have the right to require that
the lenders convert the outstanding principal amount, plus any PIK Interest and accrued and unpaid interest, of the Convertible Loan if
the following conditions are met: (i) the average VWAP of the Company&#8217;s common stock on The Nasdaq Stock Market, or such other national
securities exchange on which the shares of common stock are listed for trading, over 30 consecutive trading dates exceeds 115% of the
then Conversion Price, (ii) a registration statement registering the resale of the shares issuable upon conversion of the Convertible
Loan has been declared effective by the Securities and Exchange Commission, (iii) the Stockholder Approval has been obtained, and (iv)
there is no event of default under certain provisions of the Credit Agreement. </span></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font-size: 10pt; vertical-align: top">
<td style="font-size: 10pt; width: 0"></td><td style="font-size: 10pt; width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td style="font-size: 10pt"><span style="background-color: white">The maturity date of the Credit Agreement will be initially extended from July 2, 2024 to June
30, 2025. Upon obtaining the Stockholder Approval and so long as there is no event of default under certain provisions of the Credit Agreement,
the maturity date for the Credit Agreement will automatically be extended to June 30, 2026.</span></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font-size: 10pt; vertical-align: top">
<td style="font-size: 10pt; width: 0"></td><td style="font-size: 10pt; width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td style="font-size: 10pt"><span style="background-color: white">The annual interest rate will remain unchanged at 7.00%. Interest on $20 million of the principal
amount will continue to be paid in cash. Interest on the $15 million principal amount of the Convertible Loan will be paid in kind on
a quarterly basis by adding such amount to the outstanding principal amount of the outstanding Convertible Loan (&#8220;PIK Interest&#8221;).
</span></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">In
conjunction with the entry into the First Amendment to Credit Agreement, the Borrowers, Octagon Partners LLC, an affiliate of each of
the Borrowers, and BRS, as administrative agent for the lenders, entered into a First Amendment to Deed of Trust, Assignment of Leases
and Rents, Security Agreement, Financing Statement and Fixture Filing, to amend all references to the &#8220;Credit Agreement&#8221; in
the Deed of Trust, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing dated as of July 2, 2021
(&#8220;Deed of Trust&#8221;) to mean the Credit Agreement as amended by the First Amendment to Credit Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">The
foregoing description of the First Amendment to Credit Agreement and the First Amendment to Deed of Trust, does not purport to be complete
and is qualified in its entirety by the full text of such documents,&#160;each of which is filed as Exhibits&#160;10.1 and 10.2, respectively,
to this current report and is incorporated by reference herein.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1.5pt solid; margin-top: 6pt; margin-bottom: 6pt"><p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt">1</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information included in Item 1.01 of this current
report on Form 8-K is incorporated herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 3.02 Unregistered Sales of Equity Securities.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information included in Item 1.01 of this current
report on Form 8-K with respect to the Convertible Loan is hereby incorporated by reference into this Item 3.02. The offer and sale of
the Convertible Loan, including up to approximately 3,971,870 shares of the Company&#8217;s common stock issuable upon the conversion
of the Convertible Loan (including any PIK Interest and any accrued and unpaid interest), subject to obtaining the <span style="background-color: white">Stockholder
Approval</span>, was not registered under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), in reliance on an
exemption from registration under <span style="background-color: white">Section 4(a)(2) of the Securities Act</span>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 9.01 Financial Statements and Exhibits.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&#160;<i>Exhibits</i>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font-size: 10pt; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; vertical-align: top; width: 5%; text-align: left"><span style="font-size: 10pt">10.1</span></td>
    <td style="font-size: 10pt; vertical-align: bottom; width: 1%">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top; width: 94%"><a href="ea172927ex10-1_cadiz.htm">First Amendment to Credit Agreement, dated as of February 2, 2023, by and among Cadiz Inc. and Cadiz Real Estate LLC as borrowers, the lenders from time to time party thereto, and B. Riley Securities, Inc., as administrative agent.</a></td></tr>
  <tr style="font-size: 10pt; background-color: White">
    <td style="font-size: 10pt; vertical-align: top; text-align: left">&#160;</td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top">&#160;</td></tr>
  <tr style="font-size: 10pt; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; vertical-align: top; text-align: left"><span style="font-size: 10pt">10.2</span></td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top"><a href="ea172927ex10-2_cadiz.htm">First Amendment to Deed of Trust, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing, dated as of February 2, 2023, by and among Cadiz Inc., Cadiz Real Estate LLC, Octagon Partners LLC and B. Riley Securities, Inc.</a></td></tr>
  <tr style="font-size: 10pt; background-color: White">
    <td style="font-size: 10pt; vertical-align: top; text-align: left">&#160;</td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top">&#160;</td></tr>
  <tr style="font-size: 10pt; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; vertical-align: top">104<br /></td>
    <td style="font-size: 10pt; vertical-align: bottom">&#160;</td>
    <td style="font-size: 10pt; vertical-align: top"><span style="font-size: 10pt">Cover Page Interactive Data File (embedded within the Inline XBRL document).</span></td></tr>
  </table>


<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

<!-- Field: Page; Sequence: 3 -->
    <div style="border-bottom: Black 1.5pt solid; margin-top: 6pt; margin-bottom: 6pt"><p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt">2</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="2"><b>CADIZ INC.</b></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="width: 25%">&#160;</td>
    <td style="width: 31%">&#160;</td>
    <td style="width: 5%">By:</td>
    <td style="border-bottom: Black 1.5pt solid; width: 39%">/s/ Stanley Speer</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td>Name:&#160;</td>
    <td>Stanley Speer</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td>Title:</td>
    <td>Chief Financial Officer</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: February 8, 2023</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <div style="border-bottom: Black 1.5pt solid; margin-top: 6pt; margin-bottom: 6pt"><p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt">3</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&#160;</p>

</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJx1kcFOAjEQhp+Ad5hsPHgg0F00xL3pqsQIZrMQ4rUsAzTsdpppQXkbr76lbVeDB22atM38X79JmyT9ZEKPqkGG17tqCgtsTSMdQoUbZNQ1+kTx9JyDXyvcKutYahePP2BBnkHPXA/S8coXYvSoLK5zENlQjIfZCMQov7qBcpb0Qr0gvVFr1E7JBqReQ8lkWKGTfOpuWMh30tSeomqJbBXpHNKB6MqfkIk0gxc6yjfivYXptEh6/Th6yYTpYILmYB218NBg6122Q88ztlLHTH6PhqwK/vlOMlqU9a5CE3a+S72dYbtC9vlUZF59+93HGYOO+7gMJPAvFOQfPv9qLem5o3pfSl7K5oBiINISOd7zj66jIGJ9MJLhGEi4CCwY/xs20D++L0jWkOQ= -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea172927ex10-1_cadiz.htm
<DESCRIPTION>FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF FEBRUARY 2, 2023, BY AND AMONG CADIZ INC. AND CADIZ REAL ESTATE LLC AS BORROWERS, THE LENDERS FROM TIME TO TIME PARTY THERETO, AND B. RILEY SECURITIES, INC., AS ADMINISTRATIVE AGENT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXECUTION VERSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FIRST AMENDMENT TO CREDIT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">This First Amendment to Credit
Agreement (this &ldquo;<U>Amendment</U>&rdquo;) is entered into as of February 2, 2023, by and among <FONT STYLE="text-transform: uppercase">Cadiz
Inc</FONT>., a Delaware corporation (&ldquo;<U>Cadiz</U>&rdquo;), and <FONT STYLE="text-transform: uppercase">Cadiz Real Estate LLC</FONT>,
a Delaware limited liability company (&ldquo;<U>CRE</U>&rdquo;; together with Cadiz, collectively, the &ldquo;<U>Borrowers</U>&rdquo;,
and each, a &ldquo;<U>Borrower</U>&rdquo;), B. RILEY SECURITIES, INC., as administrative agent (in such capacity, &ldquo;<U>Agent</U>&rdquo;)
for the lenders from time to time party to the below-referenced Credit Agreement (collectively, the &ldquo;<U>Lenders</U>&rdquo;), and
the Lenders party hereto.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">A. The
Borrowers, Agent and the Lenders are parties to that certain Credit Agreement, dated as of July 2, 2021 (as heretofore amended, supplemented
or otherwise modified, the &ldquo;<U>Credit Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">B. The
Borrowers have requested that Agent and the Lenders amend the Credit Agreement, and Agent and the Lenders are willing to agree to such
amendments on the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the premises and the other mutual covenants contained herein, the receipt and sufficiency of which hereby are acknowledged,
the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">1.</TD><TD STYLE="text-align: left"><B><U>Definitions</U></B>. Capitalized terms used in this Amendment without definition shall have the
meanings set forth in the Credit Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">2.</TD><TD STYLE="text-align: left"><B><U>Amendments to Credit Agreement</U></B>. Upon the effectiveness of this Amendment, (a) the Credit
Agreement (excluding any Schedules and Exhibits thereto) is hereby amended to be as set forth in the conformed copy attached hereto as
<U>Annex A</U>, and (b) a new Exhibit I is hereby added to the Credit Agreement to read in its entirety as set forth on <U>Annex B</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">3.</TD><TD STYLE="text-align: left"><B><U>Costs and Expenses</U></B>. Pursuant to <U>Section 9.5(a)</U> of the Credit Agreement, all reasonable
and documented out-of-pocket costs and expenses incurred or sustained by Agent in connection with this Amendment (including the reasonable
and documented fees, charges and disbursements of counsel for Agent), will be for the account of the Borrowers whether or not this Amendment
is consummated.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">4.</TD><TD STYLE="text-align: left"><B><U>Conditions Precedent</U></B>. This Amendment shall become effective upon the fulfillment of all
of the following conditions to Agent&rsquo;s satisfaction:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(a)</TD><TD STYLE="text-align: left">Agent shall have received this Amendment duly executed by the Borrowers and the Lenders;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(b)</TD><TD STYLE="text-align: left">Agent shall have received a First Amendment to Deed of Trust duly executed by each Borrower and Octagon
Partners LLC, a California limited liability company, in each case, as a trustor, and Agent, as a beneficiary, in proper form for recording
in the applicable jurisdiction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The Borrowers shall have prepaid the Loans as of the date hereof in the amounts and in accordance with the wire instructions set forth
on <U>Annex C</U> attached hereto<FONT STYLE="font-family: Times New Roman, Times, Serif">; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(d)</TD><TD STYLE="text-align: left">The representations and warranties set forth herein are true and correct on and as of the date hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">5.</TD><TD STYLE="text-align: left"><B><U>Continued Validity of Loan Documents</U></B>. Except as expressly set forth herein, this Amendment
shall not, by implication or otherwise, limit, impair, constitute a waiver of or otherwise affect any rights or remedies of Agent or any
Lender under any of the Loan Documents, nor alter, modify, amend or in any way affect any of the rights, remedies, obligations or any
covenants of any Loan Party contained in any of the other Loan Documents, all of which are ratified and confirmed in all respects and
shall continue in full force and effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">6.</TD><TD STYLE="text-align: left"><B><U>Representations and Warranties</U></B>. The Loan Parties, jointly and severally, hereby represent
and warrant to Agent and the Lenders as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(a)</TD><TD STYLE="text-align: left"><U>Due Execution and Authorization; Legal, Valid and Binding Obligation</U>. This Amendment has been duly
executed and delivered by each of the Loan Parties party hereto. The execution, delivery and performance by each Loan Party of this Amendment
has been duly authorized by all necessary corporate or other organizational action on the part of such Loan Party. This Amendment and
the Credit Agreement as amended hereby constitute the legal, valid and binding obligations of each Loan Party, enforceable against such
Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors&rsquo; rights generally and subject to general principles of equity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(b)</TD><TD STYLE="text-align: left"><U>No Contravention</U>. The execution and delivery by each Loan Party of this Amendment and the performance
by such Loan Party of this Amendment and the Credit Agreement as amended hereby, do not and will not (i) contravene the terms of such
Loan Party&rsquo;s Organizational Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien
under or require any payment to be made under (A) any Contractual Obligation to which such Loan Party is a party or affecting such Loan
Party or the properties of such Loan Party or its Subsidiaries or (B) any order, injunction, writ or decree of any Governmental Authority
or any arbitral award to which such Loan Party or its property is subject, in each case, where any such conflict or contravention could
individually or in the aggregate reasonably be expected to have a Material Adverse Effect or (iii) violate any material Requirements of
Law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(c)</TD><TD STYLE="text-align: left"><U>No Governmental Approvals</U>. No approval, consent, exemption, authorization, or other action by,
or notice to, or filing with, any Governmental Authority or any Person is necessary or required in connection with the execution, delivery
or performance by, or enforcement against, any Loan Party of this Amendment, other than authorizations, approvals, actions, notices and
filings which have been duly obtained or otherwise delivered to Agent for filing or recordation as of the First Amendment Effective Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">(d)</TD><TD STYLE="text-align: left"><U>Representations and Warranties in Loan Documents</U>. All representations and warranties of the Loan
Parties set forth in the Credit Agreement and in any other Loan Document are (i) with respect to representations and warranties that contain
a materiality qualification, true and correct on and as of the date hereof, unless such representations and warranties refer to an earlier
date, in which case such representations and warranties shall have been true and correct on and as of such earlier date, and (ii) with
respect to representations and warranties that do not contain a materiality qualification, true and correct in all material respects on
and as of the date hereof unless such representations and warranties specifically refer to an earlier date, in which case such representations
and warranties shall have been true and correct in all material respects on and as of such earlier date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left"><U>No Default</U>. No Default or Event of Default has occurred and is continuing.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">7.</TD><TD STYLE="text-align: left"><B><U>Ratification</U></B>. Except as expressly amended or waived hereby, the Credit Agreement, the other
Loan Documents and all documents, instruments and agreements related thereto, are hereby ratified and confirmed in all respects and shall
continue in full force and effect. The Credit Agreement, together with this Amendment, shall be read and construed as a single agreement.
All references in the Loan Documents to the Credit Agreement or any other Loan Document shall hereafter refer to the Credit Agreement
or any other Loan Document as amended hereby.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">8.</TD><TD STYLE="text-align: left"><B><U>Counterparts; Integration; Effectiveness</U></B>. This Amendment may be executed by means of (a)
an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of
the Uniform Electronic Transactions Act, or any other relevant and applicable electronic signatures law; (b) an original manual signature;
or (c) a faxed, scanned, or photocopied manual signature. Each electronic signature or faxed, scanned, or photocopied manual signature
shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. Agent reserves
the right, in its sole discretion, to accept, deny, or condition acceptance of any electronic signature on this Amendment. This Amendment
may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together,
constitute only one instrument. Delivery of an executed electronic counterpart of a signature page to this Amendment will be as effective
as delivery of a manually executed counterpart of this Amendment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">9.</TD><TD STYLE="text-align: left"><B><U>Miscellaneous</U></B>. This Amendment constitutes the entire agreement of the parties with respect
to the subject matter hereof and supersedes any prior understandings or agreements which may have existed with respect thereto. Except
as expressly provided herein, this Amendment shall not, by implication or otherwise, limit, impair, constitute a waiver of or otherwise
affect any rights or remedies of the Agent or any Lender under the Credit Agreement or the other Loan Documents, nor alter, modify, amend
or in any way affect any of the obligations or covenants contained in the Credit Agreement or any of the other Loan Documents, all of
which are ratified and confirmed in all respects and shall continue in full force and effect. To the extent there is any inconsistency
between the terms and provisions of any Loan Document and the terms and provisions of this Amendment, the terms and provisions of this
Amendment shall govern. The headings used in this Amendment are for convenience of reference only and shall not in any way be deemed to
limit, define or describe the scope and intent of this Amendment or any provision hereof. This Amendment shall be binding upon and inure
to the benefit of Agent, each of the Lenders, the Borrowers, and to each of their respective successors in title and assigns. This Amendment
may not be modified or amended except in a manner permitted by <U>Section 9.1</U> of the Credit Agreement. In making proof of this Amendment,
it shall not be necessary to produce or account for more than one such counterpart.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="text-align: left; width: 0.25in">10.</TD><TD STYLE="text-align: left"><B><U>Governing Law</U></B>. <FONT STYLE="text-transform: uppercase">This Amendment and any claims, controversy,
dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Amendment and the
transactions contemplated hereby shall be governed by, and construed in accordance with, the law of the State of new york</FONT>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[Signatures follow]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>IN WITNESS WHEREOF, </B>the parties have executed
this Amendment as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>BORROWERS</I>:</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CADIZ INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Stanley E. Speer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stanley E. Speer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CADIZ REAL ESTATE LLC</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Stanley E. Speer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stanley E. Speer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer, Manager and Chairman</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Signature Page to First Amendment to Credit Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>AGENT</I>:</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>B. RILEY SECURITIES, INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Andy Moore</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Andy Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>LENDER</I>:</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>B. RILEY COMMERCIAL CAPITAL, LLC</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Phil Ahn</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Phil Ahn</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CFO</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Signature Page to First Amendment to Credit Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ANNEX A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONFORMED CREDIT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[see attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>ANNEX A TO FIRST AMENDMENT</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">$50,000,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CREDIT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">among</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CADIZ INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CADIZ REAL ESTATE LLC,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">as Borrowers,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">The Several Lenders from Time to Time Parties Hereto,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">B. Riley Securities, Inc.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">as Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Dated as of July 2, 2021,<BR>
as amended as of February 2, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">P<FONT STYLE="text-transform: lowercase"><B>age</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Section 1. DEFINITIONS</TD>
    <TD STYLE="text-align: center">1</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 5%">1.1</TD>
    <TD STYLE="text-align: left; width: 80%">Defined Terms</TD>
    <TD STYLE="text-align: center; width: 10%">1</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.2</TD>
    <TD STYLE="text-align: left">Other Definitional Provisions</TD>
    <TD STYLE="text-align: center">15</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.3</TD>
    <TD STYLE="text-align: left"> Changes in Accounting Principles</TD>
    <TD STYLE="text-align: center">16</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: White">
    <TD COLSPAN="3">Section 2. AMOUNT AND TERMS OF LOANS</TD>
    <TD STYLE="text-align: center">16</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.1</TD>
    <TD STYLE="text-align: left">Loans; Borrowing Mechanics</TD>
    <TD STYLE="text-align: center">16</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.2</TD>
    <TD STYLE="text-align: left">Repayment of Loans</TD>
    <TD STYLE="text-align: center">17</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.3</TD>
    <TD STYLE="text-align: left">Optional Prepayments</TD>
    <TD STYLE="text-align: center">17</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.4</TD>
    <TD STYLE="text-align: left">Interest Rates and Payment Dates</TD>
    <TD STYLE="text-align: center">18</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.5</TD>
    <TD STYLE="text-align: left">Computation of Interest and Fees</TD>
    <TD STYLE="text-align: center">19</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.6</TD>
    <TD STYLE="text-align: left">Mandatory Prepayments</TD>
    <TD STYLE="text-align: center">19</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.7</TD>
    <TD STYLE="text-align: left">Application of Mandatory and Optional Prepayments</TD>
    <TD STYLE="text-align: center">20</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.8</TD>
    <TD STYLE="text-align: left">Remittance of Payments to the Lenders</TD>
    <TD STYLE="text-align: center">20</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.9</TD>
    <TD STYLE="text-align: left">Relationship of the Lenders</TD>
    <TD STYLE="text-align: center">20</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.10</TD>
    <TD STYLE="text-align: left">Fees</TD>
    <TD STYLE="text-align: center">21</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.11</TD>
    <TD STYLE="text-align: left">Exchange</TD>
    <TD STYLE="text-align: center">21</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.12</TD>
    <TD STYLE="text-align: left">Taxes</TD>
    <TD STYLE="text-align: center">23</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.13</TD>
    <TD STYLE="text-align: left">Lender Conversion</TD>
    <TD STYLE="text-align: center">26</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.14</TD>
    <TD STYLE="text-align: left">Borrower Conversion</TD>
    <TD STYLE="text-align: center">28</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.15</TD>
    <TD STYLE="text-align: left">Beneficial Ownership Limitations</TD>
    <TD STYLE="text-align: center">29</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.16</TD>
    <TD STYLE="text-align: left">Conversion Subject to Exchange Cap</TD>
    <TD STYLE="text-align: center">30</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.17</TD>
    <TD STYLE="text-align: left"> Lender Registration Rights</TD>
    <TD STYLE="text-align: center">31</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Section 3. REPRESENTATIONS AND WARRANTIES</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.1</TD>
    <TD STYLE="text-align: left">No Change</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.2</TD>
    <TD STYLE="text-align: left">Existence; Compliance with Law</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.3</TD>
    <TD STYLE="text-align: left">Power; Authorization; Enforceable Obligations</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.4</TD>
    <TD STYLE="text-align: left">No Legal Bar</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.5</TD>
    <TD STYLE="text-align: left"> Litigation</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.6</TD>
    <TD STYLE="text-align: left">No Default</TD>
    <TD STYLE="text-align: center">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.7</TD>
    <TD STYLE="text-align: left">Ownership of Property; Liens</TD>
    <TD STYLE="text-align: center">35</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.8</TD>
    <TD STYLE="text-align: left">Intellectual Property</TD>
    <TD STYLE="text-align: center">35</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.9</TD>
    <TD STYLE="text-align: left">Taxes</TD>
    <TD STYLE="text-align: center">35</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.10</TD>
    <TD STYLE="text-align: left"> ERISA</TD>
    <TD STYLE="text-align: center">36</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.11</TD>
    <TD STYLE="text-align: left"> Investment Company Act; Other Regulations</TD>
    <TD STYLE="text-align: center">36</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.12</TD>
    <TD STYLE="text-align: left">Subsidiaries</TD>
    <TD STYLE="text-align: center">36</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.13</TD>
    <TD STYLE="text-align: left">Capitalization</TD>
    <TD STYLE="text-align: center">36</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.14</TD>
    <TD STYLE="text-align: left">Environmental Matters.</TD>
    <TD STYLE="text-align: center">36</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.15</TD>
    <TD STYLE="text-align: left">Accuracy of Information, etc</TD>
    <TD STYLE="text-align: center">37</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.16</TD>
    <TD STYLE="text-align: left">Security Documents</TD>
    <TD STYLE="text-align: center">38</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.17</TD>
    <TD STYLE="text-align: left"> Solvency</TD>
    <TD STYLE="text-align: center">38</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.18</TD>
    <TD STYLE="text-align: left">Regulation H</TD>
    <TD STYLE="text-align: center">38</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.19</TD>
    <TD STYLE="text-align: left">Labor Matters</TD>
    <TD STYLE="text-align: center">38</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.20</TD>
    <TD STYLE="text-align: left">Sanctions; Anti-Corruption</TD>
    <TD STYLE="text-align: center">39</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 8; Options: NewSection; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Section 4. CONDITIONS PRECEDENT</TD>
    <TD STYLE="text-align: center">39</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 5%">4.1</TD>
    <TD STYLE="text-align: left; width: 80%">Closing Date Conditions Precedent</TD>
    <TD STYLE="text-align: center; width: 10%">39</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: White">
    <TD COLSPAN="3">Section 5. AFFIRMATIVE COVENANTS</TD>
    <TD STYLE="text-align: center">42</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.1</TD>
    <TD STYLE="text-align: left">Financial Statements</TD>
    <TD STYLE="text-align: center">42</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.2</TD>
    <TD STYLE="text-align: left">Certificates; Other Information</TD>
    <TD STYLE="text-align: center">43</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.3</TD>
    <TD STYLE="text-align: left">Payment of Obligations</TD>
    <TD STYLE="text-align: center">44</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.4</TD>
    <TD STYLE="text-align: left">Maintenance of Existence; Compliance</TD>
    <TD STYLE="text-align: center">44</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.5</TD>
    <TD STYLE="text-align: left">Maintenance of Property; Insurance</TD>
    <TD STYLE="text-align: center">44</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.6</TD>
    <TD STYLE="text-align: left">Inspection of Property; Books and Records; Discussions</TD>
    <TD STYLE="text-align: center">45</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.7</TD>
    <TD STYLE="text-align: left">Notices</TD>
    <TD STYLE="text-align: center">45</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.8</TD>
    <TD STYLE="text-align: left">Environmental Laws</TD>
    <TD STYLE="text-align: center">46</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.9</TD>
    <TD STYLE="text-align: left">Additional Collateral, etc.</TD>
    <TD STYLE="text-align: center">46</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.10</TD>
    <TD STYLE="text-align: left">Use of Proceeds</TD>
    <TD STYLE="text-align: center">46</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.11</TD>
    <TD STYLE="text-align: left"> Sanctions; Anti-Corruption Laws</TD>
    <TD STYLE="text-align: center">47</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.12</TD>
    <TD STYLE="text-align: left"> Post-Closing Obligations</TD>
    <TD STYLE="text-align: center">47</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: White">
    <TD COLSPAN="3">Section 6. NEGATIVE COVENANTS</TD>
    <TD STYLE="text-align: center">47</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.1</TD>
    <TD STYLE="text-align: left"> Indebtedness</TD>
    <TD STYLE="text-align: center">47</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2</TD>
    <TD STYLE="text-align: left"> Liens</TD>
    <TD STYLE="text-align: center">48</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.3</TD>
    <TD STYLE="text-align: left"> Fundamental Changes</TD>
    <TD STYLE="text-align: center">50</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.4</TD>
    <TD STYLE="text-align: left">Disposition of Property</TD>
    <TD STYLE="text-align: center">51</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.5</TD>
    <TD STYLE="text-align: left">Restricted Payments</TD>
    <TD STYLE="text-align: center">52</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.6</TD>
    <TD STYLE="text-align: left">Investments</TD>
    <TD STYLE="text-align: center">52</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.7</TD>
    <TD STYLE="text-align: left">Transactions with Affiliates</TD>
    <TD STYLE="text-align: center">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.8</TD>
    <TD STYLE="text-align: left">Sales and Leasebacks</TD>
    <TD STYLE="text-align: center">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.9</TD>
    <TD STYLE="text-align: left"> Swap Agreements</TD>
    <TD STYLE="text-align: center">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.10</TD>
    <TD STYLE="text-align: left"> Changes in Fiscal Periods</TD>
    <TD STYLE="text-align: center">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.11</TD>
    <TD STYLE="text-align: left">Negative Pledge Clauses</TD>
    <TD STYLE="text-align: center">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.12</TD>
    <TD STYLE="text-align: left"> Clauses Restricting Subsidiary Distributions</TD>
    <TD STYLE="text-align: center">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.13</TD>
    <TD STYLE="text-align: left"> Lines of Business</TD>
    <TD STYLE="text-align: center">54</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.14</TD>
    <TD STYLE="text-align: left">Amendments to Organizational Documents</TD>
    <TD STYLE="text-align: center">54</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.15</TD>
    <TD STYLE="text-align: left">Other Senior Indebtedness</TD>
    <TD STYLE="text-align: center">54</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.16</TD>
    <TD STYLE="text-align: left">Lease Transaction</TD>
    <TD STYLE="text-align: center">54</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.17</TD>
    <TD STYLE="text-align: left">Sanctions; Anti-Corruption Use of Proceeds</TD>
    <TD STYLE="text-align: center">54</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Section 7. EVENTS OF DEFAULT</TD>
    <TD STYLE="text-align: center">54</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: White">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: rgb(204,238,255)">
    <TD COLSPAN="3">Section 8. THE AGENT</TD>
    <TD STYLE="text-align: center">56</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 5%">8.1</TD>
    <TD STYLE="text-align: left; width: 80%">Appointment</TD>
    <TD STYLE="text-align: center; width: 10%">56</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.2</TD>
    <TD STYLE="text-align: left">Delegation of Duties</TD>
    <TD STYLE="text-align: center">56</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.3</TD>
    <TD STYLE="text-align: left">Exculpatory Provisions</TD>
    <TD STYLE="text-align: center">56</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.4</TD>
    <TD STYLE="text-align: left">Reliance by Agent</TD>
    <TD STYLE="text-align: center">57</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.5</TD>
    <TD STYLE="text-align: left"> Notice of Default</TD>
    <TD STYLE="text-align: center">57</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.6</TD>
    <TD STYLE="text-align: left">Non-Reliance on Agent and Other Lenders</TD>
    <TD STYLE="text-align: center">57</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.7</TD>
    <TD STYLE="text-align: left">Indemnification</TD>
    <TD STYLE="text-align: center">58</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.8</TD>
    <TD STYLE="text-align: left">Agent in Its Individual Capacity</TD>
    <TD STYLE="text-align: center">58</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.9</TD>
    <TD STYLE="text-align: left"> Successor Agent</TD>
    <TD STYLE="text-align: center">58</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.10</TD>
    <TD STYLE="text-align: left">Collateral and Guaranty Matters</TD>
    <TD STYLE="text-align: center">58</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.11</TD>
    <TD STYLE="text-align: left">Agent&rsquo;s Lease Purchase Options</TD>
    <TD STYLE="text-align: center">59</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase; background-color: White">
    <TD COLSPAN="3">Section 9. MISCELLANEOUS</TD>
    <TD STYLE="text-align: center">59</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.1</TD>
    <TD STYLE="text-align: left">Amendments and Waivers</TD>
    <TD STYLE="text-align: center">59</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.2</TD>
    <TD STYLE="text-align: left">Notices</TD>
    <TD STYLE="text-align: center">59</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.3</TD>
    <TD STYLE="text-align: left">No Waiver; Cumulative Remedies</TD>
    <TD STYLE="text-align: center">60</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.4</TD>
    <TD STYLE="text-align: left">Survival of Representations and Warranties</TD>
    <TD STYLE="text-align: center">61</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.5</TD>
    <TD STYLE="text-align: left">Payment of Expenses and Taxes; Indemnification</TD>
    <TD STYLE="text-align: center">61</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.6</TD>
    <TD STYLE="text-align: left"> Successors and Assigns; Assignments and Participations</TD>
    <TD STYLE="text-align: center">62</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.7</TD>
    <TD STYLE="text-align: left">Counterparts</TD>
    <TD STYLE="text-align: center">62</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.8</TD>
    <TD STYLE="text-align: left">Severability</TD>
    <TD STYLE="text-align: center">63</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.9</TD>
    <TD STYLE="text-align: left"> Integration</TD>
    <TD STYLE="text-align: center">63</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.10</TD>
    <TD STYLE="text-align: left">Governing Law</TD>
    <TD STYLE="text-align: center">63</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.11</TD>
    <TD STYLE="text-align: left">Submission to Jurisdiction; Waivers</TD>
    <TD STYLE="text-align: center">63</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.12</TD>
    <TD STYLE="text-align: left">Acknowledgments</TD>
    <TD STYLE="text-align: center">63</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.13</TD>
    <TD STYLE="text-align: left">Confidentiality</TD>
    <TD STYLE="text-align: center">63</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.14</TD>
    <TD STYLE="text-align: left">Waivers of Jury Trial</TD>
    <TD STYLE="text-align: center">63</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iii<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SCHEDULES AND EXHIBITS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Schedules</U>:</FONT></TD>
    <TD STYLE="width: 85%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.1A</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan Commitments</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.1B</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mortgaged Properties</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiaries</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.16(a)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UCC Filing Jurisdictions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.16(b)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mortgage Filing Jurisdictions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 4.1(f)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governmental Authorizations and Consents</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Indebtedness</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.2</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Liens</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.6</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Investments</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Exhibits</U>:</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit A</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Assignment and Assumption</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit B</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Compliance Certificate</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit C</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Borrowing Notice</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit D</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Security Agreement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit E</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Option Agreement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit F</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Initial Subordinated Property</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit G</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Forms of Subordination Agreements</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit H</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of U.S. Tax Compliance Certificates</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit I</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notice of Lender Conversion</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iv<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">CREDIT AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;),
dated as of July 2, 2021, as amended as of February 2, 2023, among Cadiz Inc., a Delaware corporation (&ldquo;<B>Cadiz</B>&rdquo;), and
Cadiz Real Estate LLC, a Delaware limited liability company (&ldquo;<B>CRE</B>&rdquo;; together with Cadiz, the &ldquo;<B>Borrowers</B>&rdquo;
and each, a &ldquo;<B>Borrower</B>&rdquo;), the lenders from time to time party hereto (&ldquo;<B>Lenders</B>&rdquo;) and B. Riley Securities,
Inc., as administrative agent (the &ldquo;<B>Agent</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">A.  &nbsp;The
Borrowers have requested that the Lenders extend a credit facility to the Borrowers in the form of Loans in an aggregate principal amount
of $50,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">B.  &nbsp;The
Lenders are willing to extend such credit facility to the Borrowers on the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Accordingly, in consideration
of the mutual conditions and agreements set forth in this Agreement, and for good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Section
1. </FONT>DEFINITIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.1 <U>Defined Terms</U>. As
used in this Agreement, the terms listed in this <U>Section&nbsp;1.1</U> shall have the respective meanings set forth in this <U>Section&nbsp;1.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Affiliate</B>&rdquo;:
as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with,
such Person. For purposes of this definition, &ldquo;control&rdquo; of a Person means the power, directly or indirectly, either to (a)&nbsp;vote
20% or more of the securities having ordinary voting power for the election of directors (or persons performing similar functions) of
such Person or (b)&nbsp;direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>After-Acquired Property</B>&rdquo;:
any fee interest in any real property acquired after the Closing Date by any Loan Party or its Subsidiaries (including all buildings,
fixtures or other improvements located thereon and other rights appurtenant thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>After-Acquired Leasehold
Property</B>&rdquo;: any leasehold interest in any real property acquired after the Closing Date by any Loan Party or its Subsidiaries
(including all buildings, fixtures or other improvements located thereon and other rights appurtenant thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Agent</B>&rdquo;:
as defined in the preamble hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Agreement</B>&rdquo;:
as defined in the preamble hereto, as may be thereafter amended, restated, supplemented or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Applicable Rate</B>&rdquo;:
seven percent (7.00%) per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Applicable Repayment
Fee</B>&rdquo;: with respect to any repayment or prepayment of Loans pursuant to <U>Section 2.2</U>, <U>Section&nbsp;2.3</U>, or <U>Section&nbsp;2.6</U>
or upon any acceleration of the outstanding Loans for any reason, including upon commencement of voluntary or involuntary proceedings
or otherwise, an amount equal to, in the case of any such repayment, prepayment or acceleration (a) during the period of time from and
after the Closing Date until (but excluding) the six-month anniversary of the Closing Date, an amount equal to the product of (i) the
principal amount of any such prepayment or repayment, as applicable, of the Loans on such date, multiplied by (ii) zero percent (0.00%),
(b) during the period of time from and after the six-month anniversary of the Closing Date until (but excluding) the eighteen-month anniversary
of the Closing Date, an amount equal to the product of (i) the principal amount of any such prepayment or repayment, as applicable, of
the Loans on such date, multiplied by (ii) two percent (2.00%), (c) during the period of time from and after the eighteen-month anniversary
of the Closing Date until (but excluding) the thirty-month anniversary of the Closing Date, an amount equal to the product of (i) the
principal amount of any such prepayment or repayment, as applicable, of the Loans on such date, multiplied by (ii) four percent (4.00%),
and (d) at any time thereafter an amount equal to the product of (i) the principal amount of any such prepayment or repayment, as applicable,
of the Loans on such date, multiplied by (ii) six percent (6.00%).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 12; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Approved Mitigation
Bank Land Sale</B>&rdquo;: a sale of at least 640 acres of the Mitigation Bank Land, the Net Cash Proceeds of which average at least $2,000
per acre.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Asset Sale</B>&rdquo;:
any Disposition of any Collateral or of any other property of the Borrowers or any of their Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Assignee</B>&rdquo;:
as defined in <U>Section&nbsp;9.6(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Assignment and Assumption</B>&rdquo;:
an Assignment and Assumption, substantially in the form of <U>Exhibit&nbsp;A</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Attribution Party</B>&rdquo;:
as defined in <U>Section&nbsp;2.15</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Base Prospectus</B>&rdquo;:
as defined in <U>Section 2.11(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>beneficial owner</B>&rdquo;
and &ldquo;<B>beneficially own</B>&rdquo;: as defined under Section&nbsp;13(d) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Beneficial Ownership
Limitation</B>&rdquo;: as defined in <U>Section&nbsp;2.15</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Borrower</B>&rdquo;:
as defined in the preamble hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Borrower Conversion</B>&rdquo;:
as defined in <U>Section&nbsp;2.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Borrower Conversion
Amount</B>&rdquo;: as defined in <U>Section&nbsp;2.14(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Borrower Conversion
Date</B>&rdquo;: as defined in <U>Section&nbsp;2.14(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Borrower Conversion
Shares</B>&rdquo;: as defined in <U>Section&nbsp;2.14(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Borrowing Notice</B>&rdquo;:
a notice substantially in the form of <U>Exhibit&nbsp;C</U> in respect of the borrowing of the Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Business</B>&rdquo;:
as defined in <U>Section&nbsp;3.14(b)(ii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Business Day</B>&rdquo;:
a day other than a Saturday, Sunday or other day on which commercial banks in New&nbsp;York City and Los Angeles are authorized or required
by law to close.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Cadiz</B>&rdquo;:
as defined in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Capital Lease Obligations</B>&rdquo;:
as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right
to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital
leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time
shall be the capitalized amount thereof at such time determined in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Capital Stock</B>&rdquo;:
any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all
equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the
foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Cash Equivalents</B>&rdquo;:
(a) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (<I>provided</I>
that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than twelve (12) months
from the date of acquisition, (b) Dollar-denominated time deposits and certificates of deposit of (i)&nbsp;any Lender, (ii)&nbsp;any domestic
commercial bank of recognized standing having capital and surplus in excess of $500,000,000 or (iii)&nbsp;any bank whose short-term commercial
paper rating from S&amp;P is at least A-1 or from Moody&rsquo;s is at least P-1, in each case with maturities of not more than three hundred
sixty-five (365) days from the date of acquisition, (c)&nbsp;commercial paper issued by any issuer bearing at least a &ldquo;2&rdquo;
rating for any short-term rating provided by S&amp;P and/or Moody&rsquo;s and maturing within two hundred seventy (270) days of the date
of acquisition, (d)&nbsp;repurchase agreements entered into by a Borrower with a bank or trust company (including any of the Lenders)
or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed
by the United States, or for mortgage collateral, in which a Borrower shall have a perfected first priority security interest (subject
to no other Liens) and having, on the date of purchase thereof, a fair market value of at least one hundred percent (100%) of the amount
of the repurchase obligations, (e)&nbsp;variable or fixed rate notes issued by any issuer rated at least AA by S&amp;P (or the equivalent
thereof) or at least Aa2 by Moody&rsquo;s (or the equivalent thereof) and maturing within one (1) year of the date of acquisition and
(f)&nbsp;Investments (classified in accordance with GAAP as current assets) in money market investment programs registered under the Investment
Company Act of 1940, as amended, that are administered by reputable financial institutions having capital and surplus of at least $500,000,000
and the portfolios of which are limited to Investments of the character described in the foregoing subclauses hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Certificate of Designation</B>&rdquo;:
the Certificate of Designation of Series 1 Preferred Stock of Cadiz, filed with the Secretary of State of the State of Delaware on or
about March 5, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Change of Control</B>&rdquo;:
the occurrence of any of the following: (i)&nbsp;the Loan Parties shall sell or transfer all or substantially all of their assets to any
Person other than a Loan Party, (ii)&nbsp;any Borrower shall merge or consolidate with another Person other than a Borrower in a transaction
not permitted by this Agreement, (iii)&nbsp;any &ldquo;person&rdquo; or &ldquo;group&rdquo; (as such terms are used in Sections&nbsp;13(d)
and 14(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;)), shall become, or obtain rights
(whether by means of warrants, options or otherwise) to become, the &ldquo;beneficial owner&rdquo;, directly or indirectly, of more than
fifty percent (50%) of the outstanding Common Stock (including shares of Common Stock issuable upon conversion of shares of Series 1 Preferred
Stock of Cadiz), or (iv) Cadiz fails to own and control, directly or indirectly, 100% of the Capital Stock of each other Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Closing Date</B>&rdquo;:
the date on which the conditions set forth in <U>Section 4.1</U> are satisfied (or waived in accordance with <U>Section&nbsp;9.1</U>),
unless another date is agreed to in writing by the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Code</B>&rdquo;:
the Internal Revenue Code of 1986, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Collateral</B>&rdquo;:
all property of the Borrowers and their Subsidiaries, now owned or hereafter acquired, upon which a Lien is purported to be created by
any Security Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Common Stock</B>&rdquo;:
the common Capital Stock, par value $0.01 per share, of Cadiz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Commonly Controlled
Entity</B>&rdquo;: an entity, whether or not incorporated, that is under common control with a Borrower within the meaning of section
4001 of ERISA or is part of a group that includes a Borrower and that is treated as a single employer under section 414 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Company Intellectual
Property&rdquo;</B>: all Intellectual Property necessary for the conduct of the business of the Loan Parties as currently conducted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Compliance Certificate</B>&rdquo;:
a certificate duly executed by a Responsible Officer substantially in the form of <U>Exhibit&nbsp;B</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Connection Income
Taxes</B>&rdquo;: Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes
or branch profits Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Contractual Obligation</B>&rdquo;:
as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such
Person is a party or by which it or any of its property is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Convertible Loans</B>&rdquo;:
as defined in <U>Section&nbsp;2.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>CRE</B>&rdquo;:
as defined in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Default</B>&rdquo;:
any of the events specified in <U>Section 7</U>, whether or not any requirement for the giving of notice, the lapse of time, or both,
has been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Depositary Receipts</B>&rdquo;:
means depositary receipts representing interests in shares of Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Disposition</B>&rdquo;:
with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer, license or other disposition (including
pursuant to a condemnation) thereof. The terms &ldquo;<B>Dispose</B>&rdquo; and &ldquo;<B>Disposed of</B>&rdquo; shall have correlative
meanings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Dollars</B>&rdquo;
and &ldquo;<B>$</B>&rdquo;: dollars in lawful currency of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Environmental Laws</B>&rdquo;:
any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees, requirements
of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards
of conduct concerning protection of human health or the environment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Environmental Report(s)</B>&rdquo;:
as defined in <U>Section 3.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>ERISA</B>&rdquo;:
the Employee Retirement Income Security Act of 1974, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Event of Default</B>&rdquo;:
any of the events specified in <U>Section 7</U>; <I>provided</I> that any requirement for the giving of notice, the lapse of time, or
both, has been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Exchange Act</B>&rdquo;:
the Securities Exchange Act of 1934 and the Rules and Regulations promulgated thereunder, in each case, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Exchange Cap</B>&rdquo;:
as defined in <U>Section&nbsp;2.16</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Exchange Cap Allocation</B>&rdquo;:
as defined in <U>Section&nbsp;2.16</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Exchange Cap Shares</B>&rdquo;:
as defined in <U>Section&nbsp;2.16</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Exchange Date</B>&rdquo;:
as defined in <U>Section 2.11(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Exchange Price</B>&rdquo;:
as defined in <U>Section 2.11(a)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Excluded Taxes</B>&rdquo;:
any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient,
(a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed
as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable
lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection
Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with
respect to an applicable interest in a Loan or Loan Commitment pursuant to a law in effect on the date on which (i) such Lender acquires
such interest in the Loan or Loan Commitment or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant
to <U>Section 2.12</U>, amounts with respect to such Taxes were payable either to such Lender&rsquo;s assignor immediately before such
Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient&rsquo;s
failure to comply with <U>Section 2.12(g)</U> and (d) any U.S. federal withholding Taxes imposed under FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Existing Credit
Agreement</B>&rdquo;: that certain Credit Agreement, dated as of May 1, 2017 (as amended, restated or otherwise modified prior to the
date hereof), among the Borrowers, the lenders party thereto and Wells Fargo Bank, National Association, as agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>FATCA</B>&rdquo;:
Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable
and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement
entered into pursuant to Section 1471(b)(1) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>FCPA</B>&rdquo;:
as defined in <U>Section&nbsp;3.20(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Fee Letter</B>&rdquo;:
as defined in <U>Section 2.10</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>First Amendment
Effective Date</B>&rdquo;: February 2, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Foreign Lender</B>&rdquo;:
a Lender that is not a U.S. Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>GAAP</B>&rdquo;:
generally accepted accounting principles in the United States as in effect from time to time. In the event that any &ldquo;Accounting
Change&rdquo; (as defined below) shall occur and such change results in a change in the standards or terms in this Agreement, then the
Borrowers and the Agent agrees to enter into negotiations in order to amend such provisions of this Agreement so as to reflect equitably
such Accounting Changes with the desired result that the criteria for evaluating the Borrower&rsquo;s financial condition shall be the
same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been
executed and delivered by the Borrowers and the Agent, all standards and terms in this Agreement shall continue to be calculated or construed
as if such Accounting Changes had not occurred. &ldquo;Accounting Changes&rdquo; refers to changes in accounting principles required by
the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute
of Certified Public Accountants or, if applicable, the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Governmental Authority</B>&rdquo;:
any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court,
central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining
to government, any securities exchange and any self-regulatory organization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Guarantee Obligation</B>&rdquo;:
as to any Person (the &ldquo;<B>Guaranteeing Person</B>&rdquo;), any obligation, including a reimbursement, counterindemnity or similar
obligation, of the Guaranteeing Person that guarantees or in effect guarantees, or which is given to induce the creation of a separate
obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees, any Indebtedness,
leases, dividends or other obligations (the &ldquo;<B>Primary Obligations</B>&rdquo;) of any other third Person (the &ldquo;<B>Primary
Obligor</B>&rdquo;) in any manner, whether directly or indirectly, including any obligation of the Guaranteeing Person, whether or not
contingent, (i)&nbsp;to purchase any such Primary Obligation or any property constituting direct or indirect security therefor, (ii)&nbsp;to
advance or supply funds (1)&nbsp;for the purchase or payment of any such Primary Obligation or (2)&nbsp;to maintain working capital or
equity capital of the Primary Obligor or otherwise to maintain the net worth or solvency of the Primary Obligor, (iii)&nbsp;to purchase
property, securities or services primarily for the purpose of assuring the owner of any such Primary Obligation of the ability of the
Primary Obligor to make payment of such Primary Obligation or (iv)&nbsp;otherwise to assure or hold harmless the owner of any such Primary
Obligation against loss in respect thereof; <I>provided</I>, <I>however</I>, that the term Guarantee Obligation shall not include endorsements
of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any Guaranteeing
Person shall be deemed to be the maximum amount for which such Guaranteeing Person may be liable pursuant to the terms of the instrument
embodying such Guarantee Obligation, unless such Primary Obligation and the maximum amount for which such Guaranteeing Person may be liable
are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such Guaranteeing Person&rsquo;s maximum
reasonably anticipated liability in respect thereof as determined by the Borrowers in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Guaranty</B>&rdquo;:
as defined in <U>Section 6.4(k)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Hemp Tenant&rdquo;</B>:
SoCal Hemp JV LLC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Indebtedness</B>&rdquo;:
of any Person at any date, without duplication, (a)&nbsp;all indebtedness of such Person for borrowed money, (b)&nbsp;all obligations
of such Person for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course
of such Person&rsquo;s business), (c)&nbsp;all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments,
(d)&nbsp;all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired
by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to
repossession or sale of such property), (e)&nbsp;all Capital Lease Obligations of such Person, (f)&nbsp;all obligations of such Person,
contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar
arrangements, (g)&nbsp;the liquidation value of all redeemable preferred Capital Stock of such Person, (h)&nbsp;all Guarantee Obligations
of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, (i)&nbsp;all obligations of the kind
referred to in clauses (a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent
or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such
Person has assumed or become liable for the payment of such obligation, and (j)&nbsp;for the purposes of <U>Section 7(e)</U> only, all
obligations of such Person in respect of Swap Agreements. The Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person&rsquo;s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly
provide that such Person is not liable therefor. For the avoidance of doubt, there are no obligations of any Loan Party under the Lease
Transaction that constitute Indebtedness for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Indemnified Liabilities</B>&rdquo;:
as defined in <U>Section&nbsp;9.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Indemnified Taxes</B>&rdquo;:
(a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party
under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Indemnitee</B>&rdquo;:
as defined in <U>Section&nbsp;9.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Initial Subordinated
Property</B>&rdquo;: that parcel of the Mortgaged Property more fully described on <U>Exhibit&nbsp;F</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Insolvency</B>&rdquo;:
with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section&nbsp;4245 of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Insolvent</B>&rdquo;:
pertaining to a condition of Insolvency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Intellectual Property</B>&rdquo;:
the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States,
multinational or foreign laws or otherwise, and whether registered, issued or subject to a pending application, including copyrights,
copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, software, trade secrets, know-how and processes,
and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds
and damages therefrom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Interest Date</B>&rdquo;:
as defined in <U>Section 2.4(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Investments</B>&rdquo;:
as defined in <U>Section&nbsp;6.6</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>IRS</B>&rdquo;:
the United States Internal Revenue Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Issuances</B>&rdquo;:
as defined in <U>Section 2.11(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lease</B>&rdquo;:
each of the Lease Agreement, the Limoneira Lease Agreement and the SoCal Hemp Lease Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lease Agreement</B>&rdquo;:
that certain Amended and Restated Cadiz &ndash; Fenner Valley Farm Lease, dated as of February 8, 2016, entered into among the Borrowers
and the Lessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lease Documents</B>&rdquo;:
the Lease Agreement, the Subordination Agreement relating to the Lease Agreement, the Option Agreement, the Memorandum of Lease, the Tenant
Deed of Trust (as defined in the Subordination Agreement relating to the Lease Agreement) and the other agreements related thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lease Transaction</B>&rdquo;:
the lease of the Initial Subordinated Property to the Lessee pursuant to the Lease Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lender Conversion</B>&rdquo;:
as defined in <U>Section&nbsp;2.13(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lender Conversion
Date</B>&rdquo;: as defined in <U>Section&nbsp;2.13(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lender Conversion
Price</B>&rdquo;: as defined in <U>Section&nbsp;2.13(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lender Conversion
Shares</B>&rdquo;: as defined in <U>Section&nbsp;2.13(b)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lenders</B>&rdquo;:
as defined in the preamble hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 19 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Lessee</B>&rdquo;: Fenner Valley Farm,
LLC and its successors and permitted assigns under the Lease Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Lien</B>&rdquo;:
any mortgage, deed of trust, deed to secure debt, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory
or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any
kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially
the same economic effect as any of the foregoing).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Limoneira Lease
Agreement</B>&rdquo;: that certain Cadiz-Limoneira Amended and Restated Lease dated February 2, 2015 by and between Cadiz and Limoneira
Company (&ldquo;<B>Limoneira</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Loans</B>&rdquo;:
as defined in <U>Section 2.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Loan Commitment</B>&rdquo;:
the commitment of a Lender to make a Loan, and &ldquo;<B>Loan Commitments</B>&rdquo; means such commitments of all Lenders in the aggregate.
The amount of each Lender&rsquo;s Loan Commitment, if any, is set forth in <U>Schedule&nbsp;1.1A</U> or in the applicable Assignment and
Assumption. The aggregate amount of the Loan Commitments as of the Closing Date is $50,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Loan Documents</B>&rdquo;:
this Agreement, the Security Documents, the Warrants, the Fee Letter, any Guaranty and any amendment, waiver, supplement or other modification
to any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Loan Parties</B>&rdquo;:
the Borrowers, any of their Subsidiaries that is a party to a Loan Document, and any Person who becomes a party to a Guaranty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Longitudinal Lease
Agreement</B>&rdquo;: that certain Longitudinal Lease Agreement dated September 17, 2008 by and between CRE and Arizona &amp; California
Railroad Company, a Delaware corporation (&ldquo;<B>ARZC</B>&rdquo;) as amended by that certain Amendment to Longitudinal Lease Agreement
dated December 20, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Losses</B>&rdquo;:
as defined in <U>Section&nbsp;2.17(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Material Adverse
Effect</B>&rdquo;: (a)&nbsp;a material adverse effect on the business, property, operations, or condition (financial or other) of the
Borrowers and their Subsidiaries, taken as a whole, (b)&nbsp;a material adverse effect on the ability of any Loan Party to perform its
material obligations under any Loan Document to which it is a party, or (c) a material adverse effect on the validity or enforceability
of this Agreement or any of the other Loan Documents or the rights or remedies of the Lenders hereunder or thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Material Leased
Property</B>&rdquo;: any material real property located in the United States in which a Loan Party or any of their Subsidiaries has a
leasehold, subleasehold, easement or other real property interest (excluding any such real property that is used primarily for executive
and administrative functions of the Loan Parties).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Materials of Environmental
Concern</B>&rdquo;: any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental
Law, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Maturity Date</B>&rdquo;:
June 30, 2025, as such date may be extended pursuant to <U>Section&nbsp;2.13(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Memorandum of Lease</B>&rdquo;:
that certain Memorandum of Amended and Restated Cadiz &ndash; Fenner Valley Farm Lease, dated as of February 8, 2016, entered into between
CRE and the Lessee for the purpose of memorializing the Lease Agreement, which memorandum was recorded on February 10, 2016 as Instrument
No. 2016-0053694 in the Official Records of San Bernardino County, California.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Minimum Conversion
Amount</B>&rdquo;: as defined in <U>Section&nbsp;2.13(b)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Mitigation Bank
Land</B>&rdquo;: approximately 7,500 acres of land as described in the Fenner Valley Desert Tortoise Conservation Bank application dated
September 4, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Mortgage</B>&rdquo;:
each mortgage, deed of trust, or deed to secure debt, as applicable, and any amendments, restatements, supplements or other modifications
thereto, made by any Loan Party in favor of, or for the benefit of, the Agent for the benefit of the Lenders (with such changes thereto
to which Agent shall reasonably consent to account for the law of the jurisdiction in which such mortgage, deed of trust or deed to secure
debt, as applicable, is to be recorded).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Mortgaged Property</B>&rdquo;
and &ldquo;<B>Mortgaged Properties</B>&rdquo;: individually, a real property, and collectively, the real properties (including all buildings,
fixtures or other improvements located thereon and other rights appurtenant thereto), as the context requires, listed on <U>Schedule&nbsp;1.1B</U>,
as to which the Agent for the benefit of the Lenders shall be granted a Lien pursuant to a Mortgage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Multiemployer Plan</B>&rdquo;:
a Plan that is a multiemployer plan as defined in Section&nbsp;4001(a)(3) of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Net Cash Proceeds</B>&rdquo;:
with respect to any event (a) the cash proceeds actually received (directly or indirectly) from time to time in respect of such event
including (i) any cash received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of
principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but excluding any interest
payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds, (iii) in the case of a condemnation or similar
event, condemnation awards and similar payments, and (iv) any proceeds received as a result of unwinding any related Swap Agreements in
connection with any related transaction, in each case net of (b) the sum of (i) all reasonable costs, fees and out-of-pocket fees, commissions,
charges and expenses (including reasonable fees, costs and expenses related to appraisals, surveys, brokerage, finder, underwriting, arranging,
legal, investment banking, placement, printing, auditor, accounting, title, environmental (including remedial expenses), title exceptions
and encumbrances, and finder&rsquo;s fees, success fees or similar fees and commissions) paid or payable by the Borrowers and the Subsidiaries
to third parties (other than Affiliates) in connection with such event, (ii) in the case of a Disposition of an asset (including pursuant
to a casualty or a condemnation or similar proceeding), (u) the amount of all payments required to be made (or required to be escrowed)
by the Borrowers and the Subsidiaries as a result of such event to repay (or establish an escrow, trust, defeasance, discharge or redemption
account or similar arrangement for the repayment of) Indebtedness (other than the Obligations) secured by a Lien prior to the Lien of
the Agent on such asset to the extent such Lien is permitted pursuant to Section 6.2 (provided that if any amounts in such accounts or
subject to such agreements are released to the Borrowers and its Subsidiaries such amounts shall constitute Net Cash Proceeds upon release),
(v) any reasonable relocation expenses incurred as a result of the disposition thereof, (w) any reasonable costs associated with unwinding
any related Swap Agreements in connection with such transaction, any deduction of appropriate amounts to be provided by a Borrower or
any of its Subsidiaries, (x) refunds contractually or legally due to customers that are Governmental Authorities, or contractors or sub-contractors
of Governmental Authorities, in respect of such cash proceeds, (y) any deduction of appropriate amounts to be provided by a Borrower or
any Subsidiary as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction
and retained by such Borrower or Subsidiary after such sale or other disposition thereof, including, without limitation, pension and other
post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated
with such transaction, and (z) any amounts provided as a reserve, in accordance with GAAP, or amounts placed in escrow, against any purchase
price adjustment associated with such Disposition, (iii) the amount of all taxes (including transfer tax and recording tax) paid (or reasonably
estimated to be payable) by the Borrowers and the Subsidiaries, and the amount of any reserves established by the Borrowers and the Subsidiaries
to fund contingent liabilities reasonably estimated to be payable, in each case during the year that such event occurred or the next succeeding
year and that are directly attributable to such event (as determined reasonably and in good faith by a Responsible Officer of the applicable
Borrower), and (iv) (v) all other amounts deposited in trust or escrow or paid for the benefit of any third party (other than Affiliates)
or to which any third party (other than Affiliates) may be entitled in connection with such event; <I>provided that</I> any such amounts
returned to the Borrowers or any Subsidiary or upon the reversal of any reserve described above shall constitute Net Cash Proceeds when
actually received or reversed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Non-Convertible
Loan Payoff</B>&rdquo;: as defined in <U>Section&nbsp;2.3(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Non-Convertible
Loans</B>&rdquo;: as defined in <U>Section&nbsp;2.3(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Northern Pipeline</B>&rdquo;:
an existing, and to be improved, 217-mile pipeline that runs from certain property owned by the Loan Parties through the Fenner Valley
of Eastern San Bernardino County in a northwesterly direction with its terminus at Wheeler Ridge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Northern Pipeline
Real Property Interests</B>&rdquo;: any material real property owned in fee or leasehold, subleasehold, easement or other interest in
real property owned by a Loan Party or any of their Subsidiaries relating to the Northern Pipeline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Notice of Borrower
Conversion</B>&rdquo;: as defined in <U>Section&nbsp;2.14(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Notice of Lender
Conversion</B>&rdquo;: as defined in <U>Section&nbsp;2.13(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Obligations</B>&rdquo;:
the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and interest accruing after the filing
of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether
or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities
of the Borrowers to the Agent or to any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing
or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document or any other document
made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees
(including the Applicable Repayment Fee), indemnities, costs, expenses (including all reasonable fees, charges and disbursements of counsel
to the Agent or to any Lender that are required to be paid by the Borrowers pursuant hereto) or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>OFAC</B>&rdquo;:
as defined in <U>Section 3.20</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Option Agreement</B>&rdquo;:
an agreement evidencing the Lease Purchase Option (as defined in the Lease Agreement) in the form attached to the Lease Agreement as <U>Exhibit
E</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Organizational Documents</B>&rdquo;:
(i) with respect to any corporation, its certificate or articles of incorporation or organization, as amended, and its bylaws, as amended,
(ii) with respect to any limited partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended,
(iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company,
its certificate of formation, as amended, and its operating agreement, as amended, or in each case any such similar document. In the event
any term or condition of this Agreement or any other Loan Document requires any Organizational Document to be certified by a secretary
of state or similar governmental official, the reference to any such <B>&ldquo;</B>Organizational Document<B>&rdquo;</B> shall only be
to a document of a type customarily certified by such governmental official.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Other Connection
Taxes</B>&rdquo;: with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and
the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to,
performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction
pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Other Taxes</B>&rdquo;:
all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under,
from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under,
or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Participant Register</B>&rdquo;:
as defined in <U>Section 9.6(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Patriot Act</B>&rdquo;:
the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title&nbsp;III
of Pub. L. No. 107 56 (signed into law October&nbsp;26, 2001)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>PBGC</B>&rdquo;:
the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo;:
an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association,
joint venture, Governmental Authority or other entity of whatever nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>PIK Interest</B>&rdquo;:
as defined in <U>Section&nbsp;2.1(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Plan</B>&rdquo;:
at a particular time, any employee benefit plan that is covered by ERISA and in respect of which a Borrower or a Commonly Controlled Entity
is (or, if such plan were terminated at such time, would under Section&nbsp;4069 of ERISA be deemed to be) an &ldquo;employer&rdquo; as
defined in Section&nbsp;3(5) of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Preferred Stock</B>&rdquo;:
the Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share, of Cadiz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Principal Market</B>&rdquo;:
as defined in <U>Section&nbsp;2.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Project</B>&rdquo;:
the Cadiz Valley Water Conservation, Recovery and Storage Project, as described in the Project FEIR and the development and connection
of the Northern Pipeline for the conveyance and delivery of water that is made available in accordance with applicable Requirements of
Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Project Documents</B>&rdquo;:
those definitive agreements directly entered into in connection with the Project (including, but not limited to, each Water Purchase Agreement
and lease of the Northern Pipeline), in each case, as the same may be amended, restated, supplemented or otherwise modified from time
to time in accordance with the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Project FEIR</B>&rdquo;:
the certified Environmental Impact Report for the Project, for which SMWD was the lead agency, as it may be amended or supplemented from
time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Project Participant</B>&rdquo;:
any entity identified in the Project FEIR as a &ldquo;Project Participant&rdquo; and any entity contracting for receipt of Project Water.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Project Water</B>&rdquo;:
groundwater produced and deliverable to Project Participants from the Fenner Valley Aquifer System.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Prospectus</B>&rdquo;:
as defined in <U>Section 2.11(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Prospectus Supplement</B>&rdquo;:
as defined in <U>Section 2.11(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Recipient</B>&rdquo;:
(a) the Agent or (b) any Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Recovery Event</B>&rdquo;:
any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Register</B>&rdquo;:
as defined in <U>Section&nbsp;9.6(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Registrable Securities</B>&rdquo;:
as defined in <U>Section&nbsp;2.17(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Registration Statement</B>&rdquo;:
as defined in <U>Section 2.11(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Reorganization</B>&rdquo;:
with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section&nbsp;4241 of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Reportable Event</B>&rdquo;:
any of the events set forth in Section&nbsp;4043(c) of ERISA, other than those events as to which the thirty (30) day notice period is
waived under subsections&nbsp;.27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. 4043.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Required Lenders</B>&rdquo;:
at any time, the holders of more than 50% of the aggregate unpaid principal amount of the Loans then outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Requirement of Law</B>&rdquo;:
as to any Person, the Organizational Documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator
or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which
such Person or any of its property is subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Requisite Stockholder
Approval</B>&rdquo;: as defined in <U>Section&nbsp;2.13(b)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Responsible Officer</B>&rdquo;:
the chief executive officer, president or chief financial officer of the Borrower, but in any event, with respect to financial matters,
the chief financial officer of the Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Restricted Payments</B>&rdquo;:
as defined in <U>Section&nbsp;6.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Rule 462(b) Registration
Statement</B>&rdquo;: as defined in <U>Section 2.11(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Rules and Regulations</B>&rdquo;:
the rules and regulations of the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Sanctions</B>&rdquo;:
as defined in <U>Section 3.20</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>SEC</B>&rdquo;:
the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Securities Act</B>&rdquo;:
the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder, all as the same shall be in effect
at the time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Security Agreement</B>&rdquo;:
the Security Agreement to be executed and delivered by the Loan Parties and the Agent, substantially in the form of <U>Exhibit&nbsp;D</U>,
as thereafter amended, restated, supplemented or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Security Documents</B>&rdquo;:
the collective reference to the Security Agreement, any Mortgage and all other security documents hereafter delivered to the Agent granting
a Lien on any property of any Person to secure the obligations and liabilities of any Borrower under any Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Share Delivery Date</B>&rdquo;:
as defined in <U>Section&nbsp;2.13(b)(ii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Single Employer
Plan</B>&rdquo;: any Plan that is covered by Title IV of ERISA, but that is not a Multiemployer Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>SMWD</B>&rdquo;:
the Santa Margarita Water District.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>SoCal Hemp Lease
Agreement</B>&rdquo;: that certain Agricultural Lease dated July 31, 2019 between Cadiz Real Estate LLC and Hemp Tenant, as amended by
that certain First Amendment to Agricultural Lease dated as of March 1, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Solvent</B>&rdquo;:
when used with respect to any Person, means that, as of any date of determination, (a)&nbsp;the amount of the &ldquo;present fair saleable
value&rdquo; of the assets of such Person will, as of such date, exceed the amount of all &ldquo;liabilities of such Person, contingent
or otherwise&rdquo;, as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing
determinations of the insolvency of debtors, (b)&nbsp;the present fair saleable value of the assets of such Person will, as of such date,
be greater than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured,
(c)&nbsp;such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d)&nbsp;such
Person will be able to pay its debts as they mature. For purposes of this definition, (i)&nbsp;&ldquo;debt&rdquo; means liability on a
&ldquo;claim&rdquo;, and (ii)&nbsp;&ldquo;claim&rdquo; means any (x)&nbsp;right to payment, whether or not such a right is reduced to
judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured
or (y)&nbsp;right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such
right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Southern Pipeline</B>&rdquo;:
a planned 43-mile pipeline that will run from certain property owned by the Loan Parties through Cadiz Valley in a southeasternly direction
with its terminus at the Colorado River Aqueduct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Southern Pipeline
Real Property Interests</B>&rdquo;: any material real property owned in fee or leasehold, subleasehold, easement or other interest in
real property owned by a Loan Party or any of their Subsidiaries relating to the Southern Pipeline, including, but not limited to, the
Longitudinal Lease Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Subordination Agreements</B>&rdquo;:
the Subordination, Nondisturbance and Attornment Agreements in the forms attached hereto as <U>Exhibit&nbsp;G</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Subsidiary</B>&rdquo;:
as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests
having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of
a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at
the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both,
by such Person. Unless otherwise qualified, all references to a &ldquo;Subsidiary&rdquo; or to &ldquo;Subsidiaries&rdquo; in this Agreement
shall refer to a Subsidiary or Subsidiaries of the Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Suspension Event</B>&rdquo;:
as defined in <U>Section&nbsp;2.17(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Swap Agreement</B>&rdquo;:
(a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity
options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward
bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions,
floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts,
or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing),
whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by
the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement
(any such master agreement, together with any related schedules, a &ldquo;Master Agreement&rdquo;), including any such obligations or
liabilities under any Master Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Taxes</B>&rdquo;:
all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other
charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Threshold Price</B>&rdquo;:
as defined in <U>Section&nbsp;2.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Threshold Price
Measuring Period</B>&rdquo;: as defined in <U>Section&nbsp;2.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Title Company</B>&rdquo;:
Fidelity National Title Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Title Policy</B>&rdquo;:
as defined in <U>Section&nbsp;4.1(g)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>U.S. Borrower</B>&rdquo;:
any Borrower that is a U.S. Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>U.S. Person</B>&rdquo;:
any Person that is a &ldquo;United States Person&rdquo; as defined in Section&nbsp;7701(a)(30) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>U.S. Tax Compliance
Certificate</B>&rdquo;: as defined in <U>Section 2.12(g)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>United States</B>&rdquo;
or &ldquo;<B>U.S.</B>&rdquo;: the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>VWAP</B>&rdquo;:
as defined in <U>Section&nbsp;2.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Warrants</B>&rdquo;:
warrants to purchase Common Stock issued by Cadiz to the Lenders (or their respective nominees or designees) on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Water Purchase Agreement</B>&rdquo;:
a water purchase and sale agreement by and between Cadiz, CRE, FVMWC and one or more Project Participants providing for the sale of Project
Water, as thereafter amended, restated, supplemented or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&ldquo;<B>Withholding Agent</B>&rdquo;:
any Loan Party and the Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.2 <U>Other Definitional
Provisions</U><FONT STYLE="font-size: 10pt">. Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or
thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;As
used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto, (i)&nbsp;accounting
terms relating to any Loan Party not defined in <U>Section&nbsp;1.1</U> and accounting terms partly defined in <U>Section&nbsp;1.1</U>,
to the extent not defined, shall have the respective meanings given to them under GAAP, (ii)&nbsp;the words &ldquo;include&rdquo;, &ldquo;includes&rdquo;
and &ldquo;including&rdquo; shall be deemed to be followed by the phrase &ldquo;without limitation&rdquo;, (iii)&nbsp;the word &ldquo;incur&rdquo;
shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words &ldquo;incurred&rdquo;
and &ldquo;incurrence&rdquo; shall have correlative meanings), (iv)&nbsp;the words &ldquo;asset&rdquo; and &ldquo;property&rdquo; shall
be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including
cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, and (v)&nbsp;references to agreements or
other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended,
supplemented, restated, supplemented, or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;The
words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo; and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule&nbsp;and Exhibit&nbsp;references
are to this Agreement unless otherwise specified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.3 <U>Changes in
Accounting Principles</U><FONT STYLE="font-size: 10pt"></FONT>. If, after the date of this Agreement, there shall occur any change
in GAAP from those used in the preparation of the financial statements referred to in <U>Section 5.1</U> and such change shall
result in a change in the method of calculation of any financial covenant (if any), standard or term found in this Agreement, either
Borrowers or the applicable Lenders may by notice to the other, respectively, require that the Lenders and Borrowers negotiate in
good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the
desired result being that the criteria for evaluating the financial condition of any Borrower and its Subsidiaries shall be the same
as if such change had not been made. No delay by any Borrower or the applicable Lenders in requiring such negotiation shall limit
their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant,
standard, or term is amended in accordance with this <U>Section 1.3</U>, financial covenants shall be computed and determined in
accordance with GAAP in effect prior to such change in accounting principles. Notwithstanding anything to the contrary above or in
the definition of &ldquo;Capitalized Lease Obligation&rdquo;, for purposes of all calculations and deliverables under this Agreement
or any other Loan Document, (a) any lease that would have been categorized as an operating lease as determined in accordance with
GAAP prior to giving effect to (i) the issuance by the Financial Accounting Standards Board on February 25, 2016 of an Accounting
Standards Update (ASC 842) or (ii) any changes in GAAP subsequent to the Closing Date, shall continue to be deemed an operating
lease for all purposes hereunder, and (b) in the event of a change under GAAP (or the application thereof) requiring all leases to
be capitalized, only those leases that would result or would have resulted in Capitalized Lease Obligations on the Closing Date
hereunder (subject to the foregoing clause (a)) shall be considered capital leases hereunder. Without limiting the generality of the
foregoing, Borrowers shall neither be deemed to be in compliance with financial covenant (if any) hereunder nor out of compliance
with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the
occurrence of a change in accounting principles after the date hereof.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Section
2. </FONT>AMOUNT AND TERMS OF LOANS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.1 <U>Loans; Borrowing
Mechanics</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Subject
to the terms and conditions hereof, each Lender severally agrees to make, and the Borrowers agree to borrow, on the Closing Date, a term
loan (collectively, the &ldquo;<B>Loans</B>&rdquo;) in an amount not to exceed the Loan Commitment of each such Lender. The Loan Commitment
of each such Lender will terminate in full upon the making of such Loans on the Closing Date. The aggregate principal amount of Loans
that remain subject to conversion pursuant to <U>Section 2.13</U> from time to time is hereby designated as the &ldquo;<B>Convertible
Loans</B>&rdquo;, and the aggregate principal amount of Loans that is not so subject to conversion from time to time is hereby designated
as the &ldquo;<B>Non-Convertible Loans</B>&rdquo;. As of the First Amendment Effective Date, the aggregate principal amount of the Convertible
Loans is $15,000,000 and the aggregate principal amount of Non-Convertible Loans is $20,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;The
Borrowers shall deliver to the Agent a fully executed Borrowing Notice not later than 12:00 noon (New&nbsp;York City time) (or such later
time as the Agent may consent to in its sole discretion) one (1) Business Day prior to the Closing Date with respect to the Loans to be
made on the Closing Date. Promptly upon receipt by the Agent of such Borrowing Notice, the Agent shall notify each Lender of the proposed
borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;Each
Lender shall make its Loan available to the Agent not later than 12:00 noon (New&nbsp;York City time) on the Closing Date, by wire transfer
of same day funds in Dollars, to the Agent&rsquo;s account. Upon satisfaction or waiver of the conditions precedent specified herein,
including <U>Section 4.1</U>, the Agent shall make the proceeds of the Loans available to the Borrowers on the Closing Date by causing
an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Agent from the Lenders to be credited to
the account designated in the Borrowing Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;The
Borrowers shall not have any right to reborrow any portion of any Loan that may be repaid or prepaid from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.2 <U>Repayment of
Loans</U><FONT STYLE="font-size: 10pt"></FONT>. The outstanding principal amount of the Loans <I>plus</I> the Applicable Repayment
Fee shall be due and payable on the Maturity Date to the Agent for the account of each Lender as set forth in the Register
referenced in <U>Section&nbsp;9.6(a)</U>. Any repayment pursuant to this Section 2.2 shall be accompanied by the payment of any
accrued and unpaid interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.3 <U>Optional Prepayments</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;At
any time and from time to time, the Borrowers may prepay the Non-Convertible Loans, in whole or in part (in increments of not less than
$100,000), upon at least, (x)&nbsp;with respect to a partial prepayment of Non-Convertible Loans, three (3) Business Days&rsquo; notice
to the Agent, and (y)&nbsp; with respect to a prepayment in whole of Non-Convertible Loans, five (5) Business Days&rsquo; notice, which
notice shall specify the principal amount of the Non-Convertible Loans to be prepaid, the total prepayment amount and the date on which
such prepayment will be delivered to the Agent. Any optional prepayment pursuant to this <U>clause (a)</U> shall be accompanied by the
payment of any accrued and unpaid interest on the principal amount of the Loans to be prepaid and the Applicable Repayment Fee. Except
as otherwise expressly permitted under this Agreement, the Borrowers may not prepay the Convertible Loans without the prior written consent
of the Required Lenders; provided that, in the case such prior written consent is provided by the Required Lenders in respect of prepayment
of Convertible Loans, no Applicable Repayment Fee will apply to the principal amount of Convertible Loans being so prepaid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 28 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;In
the event the Borrowers elect to prepay the Non-Convertible Loans in full (the &ldquo;<B>Non-Convertible Loan Payoff</B>&rdquo;), the
Borrowers shall also offer to prepay all other remaining Obligations outstanding hereunder (including all outstanding Convertible Loans)
in full concurrently therewith, and such offer may be accepted or rejected in the sole discretion of the Required Lenders on or prior
to the date of the Non-Convertible Loan Payoff. In the event the Required Lenders accept such offer, all such Obligations shall be prepaid
on the date of the Non-Convertible Loan Payoff, accompanied by the payment of the Applicable Repayment Fee in respect of the principal
amount of Loans being prepaid other than the Convertible Loans. In the event the Required Lenders reject such offer, the Agent shall release
its Lien on all Collateral as of the date of the Non-Convertible Loan Payoff.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;The
Agent shall deliver any prepayment notice it receives from the Borrowers under this <U>Section&nbsp;2.3(a)</U> to the Lenders within three
(3) Business Days of receipt of such notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;The
Borrowers shall not have any right to prepay the Loans other than as set forth in this <U>Section&nbsp;2.3</U> and as required by <U>Section&nbsp;2.6</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.4 <U>Interest Rates and
Payment Dates</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Interest
on the Non-Convertible Loans shall be due quarterly in cash in immediately available funds on each March 31, June 30, September 30 and
December 31 (each, an &ldquo;<B>Interest Date</B>&rdquo;) beginning on September 30, 2021. Interest on the Convertible Loans shall be
due quarterly and paid in kind (&ldquo;<B>PIK Interest</B>&rdquo;) by adding such amount to the outstanding principal amount of the Convertible
Loans on each Interest Date; provided that, (x) in the case of interest on the Convertible Loans that began accruing from January 1, 2023
until and including February 1, 2023 shall be paid in cash on March 31, 2023, and (y) at any time on and after February 2, 2023, interest
on such Convertible Loans shall be paid in kind by adding such amount to the outstanding principal amount of the Convertible Loans on
March 31, 2023. Any PIK Interest added to the then outstanding principal balance of the Convertible Loans shall begin accruing interest
at the interest rate set forth in this <U>Section 2.4</U>, beginning on and including the Interest Date on which such PIK Interest is
added to the principal amount of the Convertible Loans. All PIK Interest added to the principal balance of the Convertible Loans will,
for all purposes of the Loan Documents, constitute outstanding principal on the Convertible Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Interest
on all Loans shall accrue on the outstanding principal amount of the Loans at a rate per annum equal to the Applicable Rate from and including
the Closing Date through but excluding the date of payment, prepayment or conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 29 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;Upon
the occurrence and during the continuation of an Event of Default, all outstanding amounts (whether or not overdue) shall bear interest
at a rate per annum equal to the Applicable Rate <I>plus</I> four percent (4%) (&ldquo;<B>Default Interest</B>&rdquo;). In the case of
(i) Non-Convertible Loans, Default Interest shall be paid in cash in immediately available funds on demand and (ii) Convertible Loans,
Default Interest shall be paid in kind by adding such amount to the outstanding principal amount of the Convertible Loans on demand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.5 <U>Computation of Interest
and Fees</U><FONT STYLE="font-size: 10pt"></FONT>. Interest and fees payable pursuant hereto shall be calculated on the basis of
a 360-day year for the actual days elapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.6 <U>Mandatory Prepayments</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;In
the event of any Asset Sale pursuant to <U>Section 6.4(a)</U>, the Borrowers shall, within five (5) Business Days after the receipt of
Net Cash Proceeds of such Asset Sale, apply 100% of the Net Cash Proceeds of such Asset Sale first to prepay all amounts due under the
Loans and the Applicable Repayment Fee thereon in accordance with <U>Section 2.7</U>; <I>provided that</I> no prepayment shall be required
under this <U>Section 2.6(a)</U> unless and until the aggregate Net Cash Proceeds received during any fiscal year from Asset Sales exceeds
$250,000 in the aggregate (and only such amount in excess of the foregoing threshold amount shall be required to be applied to prepay
the Loans); <I>provided further that</I> so long as no Event of Default has occurred and is continuing, the recipient of such Net Cash
Proceeds may reinvest such Net Cash Proceeds within three hundred sixty-five (365) days after receipt of such proceeds (or within one
hundred eighty (180) days after such proceeds become subject to a binding commitment to reinvest such proceeds within three hundred sixty-five
(365) days of receipt thereof), in assets of a kind used or useful in the business of a Borrower or any of its Subsidiaries. Subject to,
and in addition to, the provisos in the preceding sentence, the Borrowers may (a) retain up to 50% of the first $10,000,000 of Net Cash
Proceeds from an Approved Mitigation Bank Land Sale for working capital and general corporate purposes without having to make a mandatory
prepayment with respect thereto and (b) retain any additional Net Cash Proceeds from an Approved Mitigation Bank Land Sale without having
to make a mandatory prepayment with respect thereto; <I>provided that</I> (i) the Borrowers deliver a certificate to the Agent stating
that such proceeds will be used to pay cash interest on the Loans pursuant to <U>Section 2.4(a)</U> within ten (10) days of receipt thereof,
(ii) such proceeds are deposited in a deposit account subject to the control of the Agent, and (iii) upon the earlier of (x) the expiration
of the period specified in the relevant certificate furnished to the Agent or (y) the occurrence and continuance of an Event of Default,
such proceeds, if not theretofore so used, shall be used to prepay the Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;In
the event of any Recovery Event, the Borrowers or any Subsidiary shall within five (5) Business Days after the receipt of Net Cash Proceeds
of such Recovery Event, apply 100% of the Net Cash Proceeds of such Recovery Event first to prepay all amounts due under the Loans and
the Applicable Repayment Fee thereon in accordance with <U>Section 2.7</U>; <I>provided that</I> that no prepayment shall be required
under to this <U>Section 2.6(b)</U> unless and until the aggregate Net Cash Proceeds received during any fiscal year from Recovery Events
exceed $250,000 in the aggregate (and only such amount in excess of the foregoing threshold amount shall be required to be applied to
prepay the Loans); <I>provided further that</I>, and so long as no Event of Default has occurred and is continuing, the recipient (other
than Agent) of any Net Cash Proceeds from a Recovery Event may reinvest such proceeds within three hundred sixty-five (365) days after
receipt of such proceeds (or within one hundred eighty (180) days after such proceeds become subject to a binding commitment to reinvest
such proceeds within three hundred sixty-five (365) days of receipt thereof), in assets of a kind used or useful in the business of a
Borrower or any of its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;In
the event of any incurrence of Indebtedness by the Borrowers or the Subsidiaries (other than any cash proceeds from the issuance of Indebtedness
permitted pursuant to <U>Section 6.1</U>), the Borrowers shall within five (5) Business Days apply 100% of the Net Cash Proceeds received
with respect thereto to prepay amounts due under the Loans and the Applicable Repayment Fee thereon in accordance with <U>Section 2.7</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;In
the event of any public offering of Depositary Receipts, the Borrowers shall within five (5) Business Days, apply (i) in the case of the
time period commencing on the Closing Date and ending on, and including, the date that is the six (6) month anniversary of the Closing
Date, 25%, (ii) in the case of the time period commencing on the date that is the day immediately following the six (6) month anniversary
of the Closing Date and ending on, and including, the date that is the one (1) year anniversary of the Closing Date, 50%, and (iii) at
any time thereafter, 75%, of the Net Cash Proceeds received with respect thereto to prepay amounts due under the Loans and the Applicable
Repayment Fee thereon in accordance with <U>Section 2.7</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;The
Agent shall deliver any notice of deposit it receives from the Borrowers under this <U>Section&nbsp;2.6</U> to the Lenders within three
(3) Business Days. Following an Event of Default and during the continuance thereof, subject to Section 5.5 of the Security Agreement
with respect to the proceeds of Collateral, any payments made shall be applied (a)&nbsp;first, to pay all outstanding fees and other amounts
owed to the Agent and (b)&nbsp;second, on a pro rata basis, to all amounts due under the Loans. Any prepayment pursuant to this <U>Section
2.6</U> accompanied by the payment of any accrued and unpaid interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.7 <U>Application of Mandatory
and Optional Prepayments</U><FONT STYLE="font-size: 10pt"></FONT>. Unless waived by the Required Lenders, all payments made pursuant
to <U>Section 2.2</U>, <U>Section&nbsp;2.6</U> (subject to, upon the occurrence and during the continuation of any Event of Default,
Section 5.5 of the Security Agreement with respect to the proceeds of Collateral) and <U>2.3(a)</U> shall be applied (a)&nbsp;first,
to pay all outstanding fees and other amounts owed to the Agent, (b)&nbsp;second, on a <I>pro rata</I> basis, to all amounts due under
the Non-Convertible Loans and the Applicable Repayment Fee thereon, and (c) third, on a <I>pro rata</I> basis, to all amounts due under
the Convertible Loans and the Applicable Repayment Fee thereon. Such payments shall permanently reduce the principal balance of the Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.8 <U>Remittance of Payments
to the Lenders</U><FONT STYLE="font-size: 10pt"></FONT>. All payments received by the Agent on behalf of the Lenders under this
Agreement shall be remitted to the Lenders within one (1) Business Day following receipt thereof in accordance with the applicable terms
hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.9 <U>Relationship of the Lenders</U><FONT STYLE="font-size: 10pt"></FONT>.
The holders of the Loans (including, the Convertible Loans and Non-Convertible Loans) shall, for all purposes hereunder, be considered
one class of holders with a pari passu security interest in the Collateral and shall vote together on all matters as a single class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.10 <U>Fees</U><FONT STYLE="font-size: 10pt"></FONT>.
The Borrowers shall pay to the Agent, for its own account, the fees and other charges earned, due and payable in the amounts and at the
times set forth in the fee letter dated as of the Closing Date (the &ldquo;<B>Fee Letter</B>&rdquo;). All fees shall be paid on the dates
due, in immediately available funds, to the Agent as provided therein. Once due, all fees shall be fully earned and shall not be refundable
under any circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.11 <U>Exchange</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;So
long as any principal amount or interest is owing to a Lender under any Loan, such Lender shall have the right to exchange such outstanding
principal amount and unpaid interest for Depositary Receipts in accordance with the terms set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(i)  &nbsp;At
any time on or before the twelve (12)-month anniversary of the Closing Date, up to twenty-five percent (25%) of the outstanding principal
amount and unpaid interest under such Loan may be exchanged for Depositary Receipts based upon a price per share of Preferred Stock of
$25,000.00 ($25.00 per depositary receipt) (the &ldquo;<B>Exchange Price</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(ii)  &nbsp;At
any time after the twelve (12)-month anniversary of the Closing Date and on or before the eighteen (18)-month anniversary of the Closing
Date, up to fifty percent (50%) of the outstanding principal amount and unpaid interest under such Loan may be exchanged for Depositary
Receipts at the Exchange Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iii)  &nbsp;At
any time after the eighteen (18)-month anniversary of the Closing Date and on or before the twenty-four (24)-month anniversary of the
Closing Date, up to seventy-five percent (75%) of the outstanding principal amount and unpaid interest under such Loan may be exchanged
for Depositary Receipts at the Exchange Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iv)  &nbsp;At
any time after the twenty-four (24)-month anniversary of the Closing Date, up to one hundred percent (100%) of the outstanding principal
amount and unpaid interest under such Loan may be exchanged for Depositary Receipts at the Exchange Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;With
respect to each exchange to be consummated pursuant to <U>Section 2.11(a)</U>, the applicable Lender shall provide written notice to Cadiz
no later than five (5) Business Days prior to the date of such exchange, which notice shall specify the date on which such exchange is
to be effected (the &ldquo;<B>Exchange Date</B>&rdquo;), and the amount of outstanding principal amount and unpaid interest to be exchanged.
On the Exchange Date, Cadiz shall, or shall cause its transfer agent to, electronically transfer the Depositary Receipts issued upon such
exchange by crediting the applicable Lender&rsquo;s or its designee&rsquo;s account (provided the Lender shall have given Cadiz written
notice of such designee and such designee&rsquo;s account information at least one Business Day prior to the Exchange Date) at the Depository
Trust Company through its Deposit and Withdrawal at Custodian System or by such other means of delivery as Cadiz and such Lender may mutually
agree upon, which in all cases shall be freely tradable, transferable, registered Depositary Receipts in good deliverable form. The issuance
of Depositary Receipts shall be made without charge to any Lender for any documentary stamp or similar taxes that may be payable in respect
of the issuance or delivery of such Depositary Receipts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;Any
issuance of Depositary Receipts pursuant to <U>Section 2.11(a)</U> (collectively, the &ldquo;<B>Issuances</B>&rdquo;) shall be made pursuant
to (i) an effective Registration Statement on Form S-3, No. 257159, including all amendments thereto, the exhibits and any schedules thereto,
the documents otherwise deemed to be a part thereof or included therein or any immediately succeeding registration statement that is filed
under the Securities Act on Form S-3 and immediately becomes effective (the &ldquo;<B>Registration Statement</B>&rdquo;), filed by Cadiz
with the SEC in conformity with the Securities Act under the Rules and Regulations of the SEC, including the prospectus contained therein
(the &ldquo;<B>Base Prospectus</B>&rdquo;) and (ii) a final prospectus supplement filed with the SEC and delivered to the Lender (a &ldquo;<B>Prospectus
Supplement</B>&rdquo; and, together with the Base Prospectus, a &ldquo;<B>Prospectus</B>&rdquo;) containing amended and/or certain supplemental
information regarding the Preferred Stock, Common Stock and terms of the Issuances. If Cadiz has filed one or more abbreviated registration
statements to register additional shares of Common Stock pursuant to Rule 462(b) under the Rules and Regulations (each a &ldquo;<B>Rule
462(b) Registration Statement</B>&rdquo;), then any reference herein to the term &ldquo;Registration Statement&rdquo; shall also be deemed
to include any such Rule 462(b) Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;Cadiz
shall use reasonable best efforts to keep the Registration Statement effective until the earliest date as of which there are no remaining
Issuances, and if, at any time from the date hereof, Cadiz is not eligible to issue any Preferred Stock or Common Stock pursuant to the
Registration Statement, Cadiz shall use reasonable best efforts to file and make effective a replacement Registration Statement as soon
as practicable. If the Registration Statement has been outstanding for at least three (3) years, at the end of the third year, Cadiz shall
file a new Registration Statement covering Issuances, and if at any time when Cadiz is required to re-evaluate its eligibility to use
Form S-3 and Cadiz determines that it is not eligible to use Form S-3, Cadiz shall use its reasonable best efforts to refile the Registration
Statement on Form S-1 if such form is available (or on such other form as may be available if Form S-1 is not available), and keep such
registration statement effective during the period during which such registration statement is required to be otherwise kept effective
under this <U>Section 2.11(d)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;For
the avoidance of doubt, Cadiz acknowledges and agrees that no Issuances shall be made pursuant to any prospectus or prospectus supplement
other than a Prospectus or any replacement Registration Statement required by this <U>Section 2.11</U>. The Borrowers represent and warrant
that the Registration Statement complied when it became effective, complies on the date of this Agreement, and shall comply on each Exchange
Date and any later date upon which shares of Common Stock are received upon the conversion of the Preferred Stock, in each case, in all
material respects with the requirements of Form S-3 under the Securities Act. The Borrowers represent and warrant that no order preventing
or suspending the use of the Prospectus has been issued by the SEC, and no stop order suspending the effectiveness of the Registration
Statement or any post-effective amendment thereto has been issued, and no proceedings for that purpose have been instituted or, to the
Borrowers&rsquo; knowledge, are threatened by the SEC. The Borrowers represent and warrant that neither the Registration Statement nor
the Prospectus shall, as of the date of this Agreement, or any Exchange Date, contain any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;Cadiz
shall as soon as practicable notify the Lenders of (A) the issuance by the SEC of any stop order suspending the effectiveness of any registration
statement or the initiation of any proceedings for that purpose, (B) the receipt by Cadiz or its counsel of any notification with respect
to the suspension of the qualification of shares of Preferred Stock or Depositary Receipts for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose, and (C) the effectiveness of each registration statement filed hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(g)  &nbsp;Cadiz
shall use reasonable best efforts to cause the Depositary Receipts issued pursuant to <U>Section 2.11(a)</U> to be listed or quoted on
each market or exchange on which the Depositary Receipts are then listed or quoted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.12 <U>Taxes</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;<U>Defined
Terms</U>. For purposes of this <U>Section 2.12</U>, the term &ldquo;applicable law&rdquo; includes FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;<U>Payments
Free of Taxes</U>. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion
of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then
the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted
or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the
sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including
such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount
equal to the sum it would have received had no such deduction or withholding been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;<U>Payment
of Other Taxes by the Loan Parties</U>. The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable
law, or at the option of the Agent timely reimburse it for the payment of, any Other Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;<U>Indemnification
by the Loan Parties</U>. The Loan Parties shall jointly and severally indemnify each Recipient, within 10 days after demand therefor,
for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under
this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender
(with a copy to the Agent), or by the Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;<U>Indemnification
by the Lenders</U>. Each Lender shall severally indemnify the Agent, within ten (10) days after demand therefor, for (i) any Indemnified
Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender&rsquo;s failure to
comply with the provisions of <U>Section 9.6(b)</U> relating to the maintenance of a Participant Register and (iii) any Excluded Taxes
attributable to such Lender, in each case, that are payable or paid by the Agent in connection with any Loan Document, and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive
absent manifest error. Each Lender hereby authorizes the Agent to set off and apply any and all amounts at any time owing to such Lender
under any Loan Document or otherwise payable by the Agent to the Lender from any other source against any amount due to the Agent under
this paragraph (e).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 34 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;<U>Evidence
of Payments</U>. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this <U>Section
2.12</U>, such Loan Party shall deliver to the Agent the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(g)  &nbsp;<U>Status
of Lenders</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(i)  &nbsp;Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrowers and the Agent, at the time or times reasonably requested by the Borrowers or the Agent, such properly completed
and executed documentation reasonably requested by the Borrowers or the Agent as will permit such payments to be made without withholding
or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrowers or the Agent, shall deliver such
other documentation prescribed by applicable law or reasonably requested by the Borrowers or the Agent as will enable the Borrowers or
the Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such
documentation set forth in <U>Section 2.12(g)(ii)(A)</U>, <U>(ii)(B)</U> and (ii)<U>(D)</U> below) shall not be required if in the Lender&rsquo;s
reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or
would materially prejudice the legal or commercial position of such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(ii)  &nbsp;Without
limiting the generality of the foregoing, in the event that a Borrower is a U.S. Borrower,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">(A)  &nbsp;any
Lender that is a U.S. Person shall deliver to such Borrower and the Agent on or about the date on which such Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Agent), executed copies of IRS Form
W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">(B)  &nbsp;any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Agent (in such number of copies
as shall be requested by the recipient) on or about the date on which such Foreign Lender becomes a Lender under this Agreement (and from
time to time thereafter upon the reasonable request of such Borrower or the Agent), whichever of the following is applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 2in; text-indent: 0.5in">(1)  &nbsp;in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party, (x) with respect to
payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction
of, U.S. federal withholding Tax pursuant to the &ldquo;interest&rdquo; article of such tax treaty and (y) with respect to any other applicable
payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding
Tax pursuant to the &ldquo;business profits&rdquo; or &ldquo;other income&rdquo; article of such tax treaty;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: 40.5pt"></P>

<!-- Field: Page; Sequence: 35 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left; text-indent: 40.5pt">(2)  &nbsp;executed
copies of IRS Form W-8ECI;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left; text-indent: 40.5pt">(3)  &nbsp;in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section&nbsp;881(c) of the Code, (x)
a certificate substantially in the form of <U>Exhibit H-1</U> to the effect that such Foreign Lender is not a &ldquo;bank&rdquo; within
the meaning of Section 881(c)(3)(A) of the Code, a &ldquo;10 percent shareholder&rdquo; of such Borrower within the meaning of Section
881(c)(3)(B) of the Code, or a &ldquo;controlled foreign corporation&rdquo; related to such Borrower as described in Section&nbsp;881(c)(3)(C)
of the Code (a &ldquo;<B>U.S. Tax Compliance Certificate</B>&rdquo;) and (y) executed copies of IRS Form W-8BEN or W-8BEN-E; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: left; text-indent: 40.5pt">(4)  &nbsp;to
the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form
W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of <U>Exhibit H-2</U> or <U>Exhibit H-3</U>, IRS Form
W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership
and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender
may provide a U.S. Tax Compliance Certificate substantially in the form of <U>Exhibit H-4</U> on behalf of each such direct and indirect
partner;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">(C)  &nbsp;any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Agent (in such number of copies
as shall be requested by the recipient) on or about the date on which such Foreign Lender becomes a Lender under this Agreement (and from
time to time thereafter upon the reasonable request of such Borrower or the Agent), executed copies of any other form prescribed by applicable
law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable law to permit such Borrower or the Agent to determine the withholding or deduction required
to be made; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">(D)  &nbsp;if
a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Lender shall deliver to such Borrower and the Agent at the time or times prescribed by law and at such time
or times reasonably requested by such Borrower or the Agent such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by such Borrower or the Agent as may be necessary
for such Borrower and the Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such
Lender&rsquo;s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this
clause (D), &ldquo;FATCA&rdquo; shall include any amendments made to FATCA after the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 1in">(E)  &nbsp;Each
Lender agrees that, if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, upon
the request of a Borrower or the Agent it shall update such form or certification or promptly notify such Borrower and the Agent in writing
of its legal inability to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 36 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(h)  &nbsp;<U>Treatment
of Certain Refunds</U>. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any
Taxes as to which it has been indemnified pursuant to this <U>Section 2.12</U> (including by the payment of additional amounts pursuant
to this <U>Section 2.12</U>), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity
payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes)
of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such
refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over
pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event
that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary
in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this
paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party
would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed
and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed
to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential)
to the indemnifying party or any other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(i)  &nbsp;<U>Survival</U>.
Each party&rsquo;s obligations under this <U>Section 2.12</U> shall survive the resignation or replacement of the Agent or any assignment
of rights by, or the replacement of, a Lender, the termination of the Loan Commitments and the repayment, satisfaction or discharge of
all obligations under any Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.13 <U>Lender Conversion</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;<U>Common
Stock Conversion</U>. At any time following the completion of the Requisite Stockholder Approval and prior to the Maturity Date, the Lenders
may, in the sole discretion of the Required Lenders from time to time, convert all or a portion of outstanding principal amount of the
Loans in an aggregate amount of up to the sum of (x) $15,000,00.00 plus (y)&nbsp;any PIK Interest added thereto plus (z) without duplication
of any amount set forth in clause (y), any accrued and unpaid interest on the amounts in clauses (x) and (y), into shares of Common Stock
at a conversion of price of $4.80 per share (the &ldquo;<B>Lender Conversion Price</B>&rdquo;). Each Lender shall effect a conversion
by delivering to Cadiz a Notice of Lender Conversion, the form of which is attached hereto as <U>Exhibit I</U> (each, a &ldquo;<B>Notice
of Lender Conversion</B>&rdquo;), specifying therein the amount of the Convertible Loans, together with accrued and unpaid interest thereon,
if any, to be converted and the date on which such conversion shall be effected (such date, the &ldquo;<B>Lender Conversion Date</B>&rdquo;
and such conversion, the &ldquo;<B>Lender Conversion</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;<U>Mechanics
of Lender Conversion</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(i)  &nbsp;<U>Lender
Conversion Shares</U>. The Convertible Loans, together with accrued and unpaid interest thereon, if any, shall convert into a number of
shares of Common Stock determined by dividing (x) the sum of (A) the aggregate principal amount of the Convertible Loans set forth in
the Notice of Lender Conversion plus (B) accrued and unpaid interest on such principal amount by (y) the Lender Conversion Price (the
&ldquo;<B>Lender Conversion Shares</B>&rdquo;). Notwithstanding anything to the contrary contained herein and without the prior consent
of the Borrowers, the Lenders may not convert, in each Notice of Lender Conversion, any portion of the Convertible Loans in the principal
amount of less than $500,000 (the &ldquo;<B>Minimum Conversion Amount</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 37 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(ii)  &nbsp;<U>Delivery
of Certificate Upon Conversion</U>. Not later than two (2) trading days after each Lender Conversion Date (the &ldquo;<B>Share Delivery
Date</B>&rdquo;), Cadiz shall deliver, or cause to be delivered, to the Lenders or a designee of the Lenders a certificate or certificates
representing the Lender Conversion Shares, and such certificate or certificates shall be delivered electronically through the Depository
Trust Company or another established clearing corporation performing similar functions. Following (x) the date on which the Registration
Statement is declared effective by the SEC, or (y) the date on which such Lender Conversion Shares are eligible to be sold by the Lenders
under Rule 144 without restrictions, the Lender Conversion Shares shall be free of restrictive legends and trading restrictions. If the
Lender Conversion Date is prior to the date on which such Lender Conversion Shares are eligible to be sold under Rule 144 without restriction,
or there is no registration statement in effect covering the Lender Conversion Shares, the Lender Conversion Shares shall bear a restrictive
legend in the following form, as appropriate:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: left; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: left; text-indent: 0in"><B>&ldquo;THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE
REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL
BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT
TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.&rdquo;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iii)  &nbsp;<U>Reservation
of Shares of Common Stock and Stockholder Approval</U>. Subject to the Requisite Stockholder Approval, Cadiz shall reserve and make available
out of its authorized but unissued capital stock, for the purpose of effecting the Lender Conversion and/or Borrower Conversion, such
number of its duly authorized shares of Common Stock as shall be sufficient to effect the Lender Conversion and/or Borrower Conversion.
Any shares of Common Stock that are or may be required to be issued pursuant to the terms of this Agreement shall be duly and validly
issued, fully paid and nonassessable, and free and clear of all liens or preemptive rights,<SUP>&nbsp;</SUP>will be issued in compliance
with all applicable securities laws, including, without limitation, the Securities Act, and will be entitled to the benefits of the registration
rights as set forth in <U>Section 2.17</U>. In the event Cadiz does not have a sufficient number of authorized shares of Common Stock
to convert all of the Convertible Loans, together with accrued and unpaid interest thereon, if any, Cadiz shall use its best efforts to
complete all corporate actions to increase the number of authorized shares of Common Stock, including but not limited to, obtaining no
later than July 1, 2023 all necessary approval from its stockholders to amend its certificate of incorporation to increase the number
of authorized shares of Common Stock to enable such conversion (the &ldquo;<B>Requisite Stockholder Approval</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iv)  &nbsp;<U>Adjustment
to Lender Conversion Price</U>. If Cadiz shall, at any time or from time to time, (i) pay a dividend or make any other distribution upon
the Common Stock payable in shares of Common Stock, or (ii) subdivide (by any stock split, recapitalization or otherwise) its outstanding
shares of Common Stock into a greater number of shares of Common Stock, the Lender Conversion Price in effect immediately prior to any
such dividend, distribution or subdivision shall be proportionately reduced. If Cadiz at any time combines (by combination, reverse stock
split or otherwise) its outstanding shares of Common Stock into a smaller number of shares, the Lender Conversion Price in effect immediately
prior to such combination shall be proportionately increased. Any adjustment under this <U>Section 2.13(b)(iv)</U> shall become effective
at the close of business on the date the dividend, subdivision or combination becomes effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 38 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;<U>Extension
of Maturity Date</U>. Upon receipt of the Requisite Stockholder Approval and so long as no Event of Default under Section 7(a) or 7(f)
has occurred or is continuing on the date of such Requisite Stockholder Approval, the Maturity Date for the Convertible Loans shall be
automatically extended to June 30, 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.14 <U>Borrower Conversion</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;<U>Borrower
Common Stock Conversion</U>. Prior to the Maturity Date, if (i) the arithmetic average VWAP of Common Stock on The NASDAQ Stock Market,
or such other national securities exchange on which the Common Stock are listed for trading (the &ldquo;<B>Principal Market</B>&rdquo;)
for thirty (30) consecutive trading days (&ldquo;<B>Threshold Price Measuring Period</B>&rdquo;) exceeds 115% of the Lender Conversion
Price (&ldquo;<B>Threshold Price</B>&rdquo;); (ii) the Registration Statement is declared effective by the SEC; (iii) the Requisite Stockholder
Approval has been obtained; and (iv) no Event of Default under Section 7(a) or 7(f) has occurred or is continuing prior to the Borrower
Conversion Date, Cadiz may require the Lenders to convert all, but not less than all, of the then outstanding principal amount plus accrued
and unpaid interest (less any tax required by law to be deducted or withheld) of the Convertible Loans at the Lender Conversion Price
(&ldquo;<B>Borrower Conversion</B>&rdquo;) pursuant to the procedures set forth in <U>Section 2.14(b)</U>. For purposes of this Agreement,
&ldquo;<B>VWAP</B>&rdquo; means, for any date, the price determined by the first of the following clauses that applies: (x) if the Common
Stock is then listed or quoted on a trading market, the daily volume weighted average price of the Common Stock for such date (or the
nearest preceding date) on the trading market on which the Common Stock is then listed or quoted as reported by the Principal Market (based
on a trading day from 9:30 a.m. (New York City time) to 4:00 p.m. (New York City time)), or (y) in all other cases, the fair market value
of a share of Common Stock as determined by an independent appraiser selected in good faith by the Lenders and subject to the prior written
consent of Cadiz, the reasonable and documented fees and expenses of which shall be paid by Cadiz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;<U>Mechanics
of Borrower Conversion</U>. Not later than five (5) trading days after the last date of the Threshold Price Measuring Period, the Borrowers
shall deliver to the Lenders a written notice (the &ldquo;<B>Notice of Borrower Conversion</B>&rdquo;) requesting the Borrower Conversion,
and such notice shall include (i) evidence that the Threshold Price has been satisfied; (ii) the outstanding principal amount plus accrued
and unpaid interest (less any tax required by law to be deducted or withheld) of the Convertible Loans to be converted (the &ldquo;<B>Borrower
Conversion Amount</B>&rdquo;); (iii) the date of Borrower Conversion, which shall not be later than five (5) trading days following the
date of the Notice of Borrower Conversion (the &ldquo;<B>Borrower Conversion Date</B>&rdquo;); (iv) the number of shares of Common Stock
to be issued to the Lenders pursuant to the Borrower Conversion (&ldquo;<B>Borrower Conversion Shares</B>&rdquo;). On the Borrower Conversion
Date, Cadiz shall deliver, or cause to be delivered, to the Lenders or a designee of the Lenders a certificate or certificates representing
the Borrower Conversion Shares, and such certificate or certificates shall be delivered electronically through the Depository Trust Company
or another established clearing corporation performing similar functions, and such Borrower Conversion Shares shall not bear any restrictive
legend or otherwise subject to any resale restrictions under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.15 <U>Beneficial Ownership
Limitations</U><FONT STYLE="font-size: 10pt"></FONT>. Notwithstanding anything to the contrary contained herein, no Lender Conversion
or Borrower Conversion shall be effected by the Lenders or the Borrowers, respectively, to the extent that after giving effect to the
conversion set forth on the applicable Notice of Lender Conversion or Notice of Borrower Conversion, as applicable, the Lenders (together
with the Lenders&rsquo; Affiliates, and any Persons acting as a group together with the Lenders or any of the Lenders&rsquo; Affiliates)
(such Persons, &ldquo;<B>Attribution Parties</B>&rdquo;) would beneficially own in excess of the Beneficial Ownership Limitation (as
defined below). For purposes of the preceding sentence, the number of shares of Common Stock beneficially owned by the Lenders and their
Affiliates and Attribution Parties or Attribution Parties shall include the number of shares of Common Stock issuable upon conversion
of the Convertible Loans with respect to which such determination is being made, but shall exclude the number of shares of Common Stock
which are issuable upon (i) conversion of the remaining, unconverted principal amount of the Convertible Loans beneficially owned by
the Lenders or any of their Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or unconverted portion
of any other securities of Cadiz subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially
owned by the Lenders or any of their Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of
this <U>Section&nbsp;2.15</U>, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the
rules and regulations promulgated thereunder. To the extent that the limitation contained in this <U>Section 2.15</U> applies, the determination
of whether the Convertible Loans are convertible (in relation to other securities of Cadiz owned by the Lenders together with any Affiliates
or Attribution Parties) and of which principal amount of the Convertible Loans is convertible shall be in the sole discretion of the
Lenders, and the submission of a Notice of Lender Conversion shall be deemed to be the Lenders&rsquo; determination of whether the Convertible
Loans may be converted (in relation to other securities of Cadiz owned by the Lenders together with any Affiliates or Attribution Parties)
and which principal amount of the Convertible Loans is convertible, in each case subject to the Beneficial Ownership Limitation. To ensure
compliance with this restriction, each Lender will be deemed to represent to Cadiz each time it delivers a Notice of Lender Conversion
that such Notice of Lender Conversion has not violated the restrictions set forth in this paragraph and Cadiz shall have no obligation
to verify or confirm the accuracy of such determination. Prior to the delivery of the Notice of Borrower Conversion, Cadiz shall consult
with the Lenders to determine the applicability of the Beneficial Ownership Limitation to the Borrower Conversion and the appropriate
number of Borrower Conversion Shares. In addition, a determination as to any group status as contemplated above shall be determined in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this <U>Section&nbsp;2.15</U>,
in determining the number of outstanding shares of Common Stock, the Lenders may rely on the number of outstanding shares of Common Stock
as stated in the most recent of the following: (i) Cadiz&rsquo;s most recent periodic or annual report filed with the SEC, as the case
may be, (ii) a more recent public announcement by Cadiz, or (iii) a more recent written notice by Cadiz or Cadiz&rsquo;s transfer agent
setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of the Lenders, Cadiz shall within two
(2) trading days confirm orally and in writing to the Lenders the number of shares of Common Stock then outstanding. In any case, the
number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of Cadiz,
including conversion of the Convertible Loans, by the Lenders or their Affiliates since the date as of which such number of outstanding
shares of Common Stock was reported. The &ldquo;<B>Beneficial Ownership Limitation</B>&rdquo; shall be 4.99% of the number of shares
of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of
the Convertible Loans held by the Lenders. The Lenders, upon not less than sixty-one (61) days&rsquo; prior notice to Cadiz, may increase
or decrease the Beneficial Ownership Limitation provisions of this <U>Section&nbsp;2.15</U>; provided, that the Beneficial Ownership
Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance
of shares of Common Stock upon conversion of the Convertible Loans held by the Lenders and the Beneficial Ownership Limitation provisions
of this <U>Section&nbsp;2.15</U> shall continue to apply. Any such increase or decrease will not be effective until the sixty-first (61st)
day after such notice is delivered to Cadiz. The Beneficial Ownership Limitation provisions of this paragraph shall be construed and
implemented in a manner otherwise than in strict conformity with the terms of this <U>Section&nbsp;2.15</U> to correct this paragraph
(or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation contained herein or
to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph
shall apply to a successor holder of the Convertible Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.16 <U>Conversion Subject
to Exchange Cap</U><FONT STYLE="font-size: 10pt"></FONT>. Cadiz shall not issue any shares of Common Stock upon conversion of the
Convertible Loans or otherwise pursuant to the terms of this Agreement if the issuance of such shares of Common Stock would exceed the
aggregate number of shares of Common Stock which Cadiz may issue upon conversion of the Convertible Loans or otherwise pursuant to the
terms of this Agreement without breaching Cadiz&rsquo;s obligations under the rules or regulations of the Principal Market (the number
of shares which may be issued without violating such rules and regulations, the &ldquo;<B>Exchange Cap</B>&rdquo;), except that such
limitation shall not apply in the event that Cadiz (i) obtains the approval of its stockholders as required by the applicable rules of
the Principal Market for issuances of shares of Common Stock in excess of such amount or (ii) obtains a written opinion from outside
counsel to Cadiz that such approval is not required, which opinion shall be reasonably satisfactory to the Lenders. Until such approval
or such written opinion is obtained, no Lender shall be issued in the aggregate, upon conversion of the Convertible Loans or otherwise
pursuant to the terms of this Agreement, shares of Common Stock in an amount greater than the product of (A) the Exchange Cap as of the
issuance date multiplied by (B) the quotient of (1) the aggregate original principal amount of the Loans held by such Lender on the Closing
Date divided by (2) the aggregate original principal amount of Loans by all Lenders on the Closing Date (the &ldquo;<B>Exchange Cap Allocation</B>&rdquo;).
In the event that any Lender shall sell or otherwise transfer any portion of the Convertible Loans, the transferee shall be allocated
a pro rata portion of such Lender&rsquo;s Exchange Cap Allocation with respect to such portion of this Agreement so transferred, and
the restrictions of the prior sentence shall apply to such transferee with respect to the portion of the Exchange Cap Allocation so allocated
to such transferee. Upon conversion in full of the Convertible Loans, the difference (if any) between such Lender&rsquo;s Exchange Cap
Allocation and the number of shares of Common Stock actually issued to such Lender upon such Lender&rsquo;s conversion in full of the
Convertible Loans shall be allocated to the respective Exchange Cap Allocations of the remaining Lenders on a pro rata basis in proportion
to the shares of Common Stock underlying the Convertible Loans then held by each such Lender. In the event that Cadiz is prohibited from
issuing any shares of Common Stock pursuant to this <U>Section&nbsp;2.16</U> (the &ldquo;<B>Exchange Cap Shares</B>&rdquo;) to a Lender,
Cadiz shall pay cash to such Lender in exchange for the redemption of such portion of the Convertible Loans held by such Lender that
are not convertible into such Exchange Cap Shares at a price equal to the sum of (A) the product of (1) such number of Exchange Cap Shares
and (2) the closing sale price on the trading day immediately preceding the date such Lender delivers the applicable Notice of Lender
Conversion, or the Borrowers deliver a Notice of Borrower Conversion, as applicable, with respect to such Exchange Cap Shares to Cadiz,
and (B) to the extent such Lender purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction
of a sale by such Lender of Exchange Cap Shares, brokerage commissions, if any, of such Lender incurred in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.17 <U>Lender Registration
Rights</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Cadiz
shall, no later than April 30, 2023, file with the SEC (at Cadiz&rsquo;s sole cost and expense) a Registration Statement registering the
resale of Registrable Securities, and Cadiz shall use its commercially reasonable efforts to have the Registration Statement declared
effective as soon as practicable after the filing thereof, but in any event no later than the earlier of (1) forty-five (45) calendar
days following the filing date (or seventy-five (75) calendar days after the filing date if the Registration Statement is reviewed by,
and comments thereto are provided by, the SEC) and (2) the second (2<SUP>nd</SUP>) Business Day after the date Cadiz is notified in writing
by the SEC that the Registration Statement will not be &ldquo;reviewed&rdquo; or will not be subject to further review. Cadiz will use
its commercially reasonable efforts to provide a draft of the Registration Statement to Lenders for review at least two (2) Business Days
in advance of the filing of the Registration Statement. In no event shall the Lenders be identified as a statutory underwriter in the
Registration Statement unless in response to a comment or request from the staff of the SEC or another regulatory agency; provided, however,
that if the SEC requests that the Lenders be identified as a statutory underwriter in the Registration Statement, the Lenders will have
an opportunity to withdraw from the Registration Statement. Notwithstanding the foregoing, if the SEC prevents Cadiz from including any
or all of the shares proposed to be registered under the Registration Statement due to limitations on the use of Rule 415 of the Securities
Act for the resale of the Registrable Securities by the applicable stockholders or otherwise, such Registration Statement shall register
for resale such number of Registrable Securities which is equal to the maximum number of shares as is permitted by the SEC. In such event,
the number of Registrable Securities to be registered for each selling stockholder named in the Registration Statement shall be reduced
pro rata among all such selling stockholders. Cadiz agrees that it will use its commercially reasonable efforts to cause such Registration
Statement to remain effective until the earlier of (i) three years from the issuance of the Registrable Securities, or (ii) the date on
which the holders cease to hold any Registrable Securities, and Cadiz shall use its commercially reasonable efforts to obtain the withdrawal
of any order suspending the effectiveness of any Registration Statement as soon as reasonably practicable. Cadiz will use its commercially
reasonable efforts to (x) cause the removal of all restrictive legends from any Registrable Securities (as defined below) being sold under
the Registration Statement or pursuant to Rule 144 at the time of sale of such Registrable Securities and, at the request of a Lender,
cause the removal of all restrictive legends from any Registrable Securities held by such Lender that may be sold by such Lender without
restriction under Rule 144, including without limitation, any volume and manner of sale restrictions, and (y) cause its legal counsel
to deliver the necessary legal opinions, if any, to the transfer agent in connection with the instruction under subclause (x) upon the
receipt of such supporting documentation, if any, as reasonably requested by such counsel. Cadiz will use commercially reasonable efforts
to file all reports, and provide all customary and reasonable cooperation, reasonably necessary to enable Lenders to resell Registrable
Securities pursuant to the Registration Statement or Rule 144, as applicable, qualify the Registrable Securities for listing on the applicable
stock exchange and update or amend the Registration Statement as necessary to include Registrable Securities. &ldquo;<B>Registrable Securities</B>&rdquo;
shall mean, as of any date of determination, the Lender Conversion Shares and Borrower Conversion Shares and any other equity security
issued or issuable with respect to the Lender Conversion Shares and Borrower Conversion Shares by way of share split, dividend, distribution,
recapitalization, merger, exchange, replacement or similar event, provided, however, that such securities shall cease to be Registrable
Securities at the earliest of (A) three (3) years, (B) the date all shares held by a Lender may be sold by such Lender without volume
or manner of sale limitations pursuant to Rule 144 and without the requirement for Cadiz to be in compliance with the current public information
required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), (C) the date on which such securities have actually been sold by a Lender,
or (D) when such securities shall have ceased to be outstanding. Lenders agree to disclose their beneficial ownership, as determined in
accordance with Rule 13d-3 of the Exchange Act, of Lender Conversion Shares and Borrower Conversion Shares to Cadiz (or its successor)
upon reasonable request to assist Cadiz in making the determination described above. Cadiz&rsquo;s obligations to include the Lender Conversion
Shares and Borrower Conversion Shares in the Registration Statement are contingent upon Lenders furnishing in writing to Cadiz such information
regarding Lenders, the securities of Cadiz held by Lenders and the intended method of disposition of the Lender Conversion Shares and
Borrower Conversion Shares as shall be reasonably requested by Cadiz to effect the registration of the Lender Conversion Shares, and shall
execute such documents in connection with such registration as Cadiz may reasonably request that are customary of a selling stockholder
in similar situations provided that Lenders shall not in connection with the foregoing be required to execute any lock-up or similar agreement
or otherwise be subject to any contractual restriction on the ability to transfer the Lender Conversion Shares and Borrower Conversion
Shares. Lenders shall not be entitled to use the Registration Statement for an underwritten offering of Lender Conversion Shares. Notwithstanding
anything to the contrary in this Agreement, Cadiz may delay filing, postpone effectiveness or suspend the use of the Registration Statement
if it determines that, in order for the Registration Statement to not contain a material misstatement or omission, an amendment thereto
would be needed, to include information that would at that time not otherwise be required in a current, quarterly or annual report under
the Exchange Act, or if such filing, effectiveness or use would materially affect a bona fide business or financing transaction of Cadiz
or would require premature disclosure of information that would materially adversely affect Cadiz (each such circumstance, a &ldquo;<B>Suspension
Event</B>&rdquo;); provided, that, (i) Cadiz shall not so delay filing, postpone effectiveness, or suspend the use of the Registration
Statement for a period of more than forty-five (45) consecutive days or more than two (2) times in any three hundred sixty (360) day period
and (ii) Cadiz shall use commercially reasonable efforts to make the Registration Statement available for the sale by Lenders of their
Lender Conversion Shares and Borrower Conversion Shares as soon as practicable thereafter. Upon receipt of any written notice from Cadiz
(which notice shall not contain any material non-public information regarding Cadiz and which notice shall not be subject to any duty
of confidentiality) of the happening of any Suspension Event during the period that the Registration Statement is effective or if as a
result of a Suspension Event the Registration Statement or related prospectus contains any untrue statement of a material fact or omits
to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under
which they were made (in the case of the prospectus) not misleading, Lenders agree that (I) they will promptly discontinue offers and
sales of the Lender Conversion Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant
to Rule 144) until Lenders receive copies of a supplemental or amended prospectus (which Cadiz agrees to promptly prepare) that corrects
the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective or unless
otherwise notified by Cadiz that it may resume such offers and sales, and (II) it will maintain the confidentiality of any information
included in such written notice delivered by Cadiz unless otherwise required by law or subpoena. At its expense, Cadiz shall advise the
Lenders within two (2) Business Days: (i) when the Registration Statement or any post-effective amendment thereto has become effective;
(ii) of any request by the SEC for amendments or supplements to the Registration Statement or the prospectus included therein or for additional
information; (iii) of the issuance by the SEC of any stop order suspending the effectiveness of the Registration Statement or the initiation
of any proceedings for such purpose; and (iv) of the receipt by Cadiz of any notification with respect to the suspension of the qualification
of the shares included therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Cadiz
shall indemnify and hold harmless the Lenders (to the extent a seller under the Registration Statement), the officers, directors, agents
and employees of the Lenders, each person who controls the Lenders (within the meaning of Section 15 of the Securities Act or Section
20 of the Exchange Act) and the officers, directors, agents and employees of each such controlling person, to the fullest extent permitted
by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable
and documented attorneys&rsquo; fees) and expenses (collectively, &ldquo;<B>Losses</B>&rdquo;) that arise out of or are based upon any
untrue or alleged untrue statement of a material fact contained in the Registration Statement, any prospectus included in the Registration
Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating
to any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein
(in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made)
not misleading, except to the extent that such untrue statements, alleged untrue statements, omissions or alleged omissions are based
upon information regarding the Lenders furnished in writing to Cadiz by Lenders expressly for use therein or that Lenders have omitted
a material fact from such information. Cadiz shall notify Lenders promptly of the institution, threat or assertion of any proceeding arising
from or in connection with the transactions contemplated by this <U>Section&nbsp;2.17</U> of which Cadiz is aware. Such indemnity shall
remain in full force and effect regardless of any investigation made by or on behalf of an indemnified party and shall survive the transfer
of the Lender Conversion Shares by Lenders. Notwithstanding the forgoing, Cadiz&rsquo;s indemnification obligations shall not apply to
amounts paid in settlement of any Losses or action if such settlement is effected without the prior written consent of Cadiz (which consent
shall not be unreasonably withheld or delayed).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;Lenders
shall, severally and not jointly with any other Lender in the conversion of Convertible Loans contemplated by this Agreement, indemnify
and hold harmless Cadiz, its directors, officers, agents and employees, each person who controls Cadiz (within the meaning of Section
15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling persons,
to the fullest extent permitted by applicable law, from and against all Losses arising out of or based upon any untrue or alleged untrue
statement of a material fact contained in any Registration Statement, any prospectus included in the Registration Statement, or any form
of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission
or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus,
or any form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading to the extent,
but only to the extent, that such untrue statements, alleged untrue statements, omissions or alleged omissions are based upon information
regarding Lenders furnished in writing to Cadiz by the Lenders expressly for use therein. In no event shall the liability of the Lenders
be greater in amount than the dollar amount of the net proceeds received by Lenders upon the sale of the Lender Conversion Shares and
Borrower Conversion Shares giving rise to such indemnification obligation. Notwithstanding the forgoing, the Lenders&rsquo; indemnification
obligations shall not apply to amounts paid in settlement of any Losses or action if such settlement is effected without the prior written
consent of the Lenders (which consent shall not be unreasonably withheld or delayed).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 43 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;Any
person or entity entitled to indemnification herein shall (A) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person&rsquo;s or entity&rsquo;s
right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (B) unless in such indemnified
party&rsquo;s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such
claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party.
If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party
without its consent (but such consent shall not be unreasonably withheld, conditioned or delayed). An indemnifying party who is not entitled
to, or elects not to, assume the defense of a claim shall not be obligated to pay the reasonable and documented fees and expenses of more
than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment
of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with
respect to such claim. No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment
or enter into any settlement which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying
party pursuant to the terms of such settlement) or which settlement includes a statement or admission of fault and culpability on the
part of such indemnified party or which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect to such claim or litigation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;Notwithstanding
anything to the contrary contained in <U>Sections 8.7</U> and <U>9.5(b)</U>, the indemnification provided for under this <U>Section 2.17</U>
shall remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director
or controlling person or entity of such indemnified party and shall survive the transfer of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;If
the indemnification provided under this <U>Section 2.17</U> from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party,
in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of
such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and the indemnified party, as well as any other relevant equitable considerations; provided, however, the liability of the Lenders
shall be limited to the net proceeds received by such Lender from the sale of Lender Conversion Shares and Borrower Conversion Shares
giving rise to such indemnification obligation. The relative fault of the indemnifying party and indemnified party shall be determined
by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact
or omission or alleged omission to state a material fact, was made by (or not made by, in the case of an omission), or relates to information
supplied by (or not supplied by, in the case of an omission), such indemnifying party or indemnified party, and the indemnifying party&rsquo;s
and indemnified party&rsquo;s relative intent, knowledge, access to information and opportunity to correct or prevent such action. The
amount paid or payable by a party as a result of the losses or other liabilities referred to above shall be deemed to include, subject
to the limitations set forth in this <U>Section&nbsp;2.17</U>, any legal or other fees, charges or expenses reasonably incurred by such
party in connection with any investigation or proceeding. No person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution pursuant to this <U>Section&nbsp;2.17</U> from any person or entity who
was not guilty of such fraudulent misrepresentation.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase"></FONT></P>

<!-- Field: Page; Sequence: 44 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Section
3. </FONT>REPRESENTATIONS AND WARRANTIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">To induce the Agent and the
Lenders to enter into this Agreement and to make the Loans, the Borrowers hereby jointly and severally represent and warrant to the Agent
and each Lender that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.1 <U>No Change</U><FONT STYLE="font-size: 10pt"></FONT>.
Since December 31, 2020, there has been no development or event that has had or could reasonably be expected to have a Material Adverse
Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.2 <U>Existence; Compliance
with Law</U><FONT STYLE="font-size: 10pt"></FONT>. Each Loan Party (a)&nbsp;is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization, (b)&nbsp;has the power and authority, and the legal right, to own and operate
its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c)&nbsp;is duly
qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction where its ownership,
lease or operation of property or the conduct of its business requires such qualification and (d) is in compliance with all Requirements
of Law except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material
Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.3 <U>Power; Authorization;
Enforceable Obligations</U><FONT STYLE="font-size: 10pt"></FONT>. Each Loan Party has the power and authority, and the legal right,
to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit
hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the
Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions
of this Agreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority
or any other Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance, validity
or enforceability of this Agreement or any of the Loan Documents, except the filings referred to in <U>Section&nbsp;3.16</U>. Each Loan
Document has been duly executed and delivered on behalf of each Loan Party thereto. This Agreement constitutes, and each other Loan Document
upon execution will constitute, a legal, valid and binding obligation of each Loan Party thereto, enforceable against each such Loan
Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors&rsquo; rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.4 <U>No Legal Bar</U><FONT STYLE="font-size: 10pt"></FONT>.
The execution, delivery and performance of this Agreement and the other Loan Documents, the borrowings hereunder and the use of the proceeds
thereof will not violate any Requirement of Law or any Contractual Obligation of any Loan Party, in any manner that could reasonably
be expected to result in a Material Adverse Effect, and will not result in, or require, the creation or imposition of any Lien on any
of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens
created by the Security Documents). No Requirement of Law or Contractual Obligation applicable to the Borrowers or any of their Subsidiaries
could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.5 <U>Litigation</U><FONT STYLE="font-size: 10pt"></FONT>.
No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the
Borrowers, threatened by or against any Loan Party or against any of their respective properties or revenues (a) with respect to any
of the Loan Documents or any of the transactions contemplated hereby or thereby or (b)&nbsp;that could reasonably be expected to have
a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.6 <U>No Default</U><FONT STYLE="font-size: 10pt"></FONT>.
No Loan Party is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected
to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 45 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.7 <U>Ownership of Property;
Liens</U><FONT STYLE="font-size: 10pt"></FONT>. Each Loan Party has good and marketable fee simple, or local equivalent, title
to, or a good and valid leasehold interest in, all its material real property (including, without limitation, the right to extract by
any means and use, for domestic and agricultural purposes, for sale to third parties, and for any other purpose, water therefrom, subject
to applicable Requirements of Law). Each Loan Party has good title to, or a valid leasehold interest in, all its other material property.
Each Loan Party represents that Octagon Partners LLC, a California limited liability company and an Affiliate of each of the Borrowers,
has good and marketable fee simple title to all its material real property (including, without limitation, the right to extract by any
means and use, for domestic and agricultural purposes, for sale to third parties, and for any other purpose water therefrom). None of
such property referenced in this <U>Section&nbsp;3.7</U> is subject to any Lien, except as permitted by <U>Section&nbsp;6.2</U> or such
other minor defects in title that do not interfere with such Loan Party&rsquo;s ability to conduct its business as currently conducted
or to utilize such properties for their intended purposes. The property subject to the Mortgage comprises all of the real property interests
owned by the Loan Parties and any of their Subsidiaries or Affiliates (other than the Longitudinal Lease Agreement and the Northern Pipeline
Real Property Interests); <I>provided</I> that the representations and warranties contained in this <U>Section&nbsp;3.7</U> are qualified
in their entirety by reference to the Leases and the rights and interests granted thereunder. As of the Closing Date, other than the
Longitudinal Lease Agreement and the Northern Pipeline Real Property Interests, there are no Material Leased Properties. No Loan Party
or any of its Subsidiaries or Affiliates has any Contractual Obligation to purchase any material real property or interest in any material
real property. There is no pending or, to the best knowledge of each Loan Party, threatened (in writing), appropriation, condemnation
or like adverse proceeding materially affecting the Mortgaged Properties or any part thereof or of any sale or other disposition of the
Mortgaged Properties or any part thereof in lieu of condemnation that could reasonably be expected to result in a Material Adverse Effect.
Each Loan Party&rsquo;s use of the Mortgaged Properties or any portion thereof does not, in any material respect, breach, violate or
conflict with (i) any material covenants, conditions or restrictions of record applicable thereto and binding on any Loan Party or (ii)
the terms and provisions of the Leases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.8 <U>Intellectual Property</U><FONT STYLE="font-size: 10pt"></FONT>.
Each Loan Party owns, or is licensed to use, all Company Intellectual Property free and clear of all Liens except for Liens expressly
permitted by <U>Section&nbsp;6.2</U> and Liens acceptable to the Agent and the Lenders. The Loan Parties have taken all reasonable actions
necessary to protect the Company Intellectual Property necessary for the ownership and operation of the Business. No material claim has
been asserted and is pending by any Person challenging or questioning the use of any Company Intellectual Property or the validity or
effectiveness of any Company Intellectual Property, nor does any Loan Party know of any valid basis for any such claim. The use of Company
Intellectual Property by each Loan Party does not infringe on the rights of any Person in any material respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.9 <U>Taxes</U><FONT STYLE="font-size: 10pt"></FONT>.
Each Loan Party has filed or caused to be filed all Federal, state and other material tax returns that are required to be filed by it
and its Subsidiaries and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any
of its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other
than those taxes, charges, fees and assessments (i)&nbsp;the amount or validity of which are currently being contested in good faith
by appropriate proceedings and with respect to which reserves have been provided on the books of the relevant Loan Party in accordance
with GAAP or (ii)&nbsp;to the extent the failure of which could not reasonably be expected to result in a Material Adverse Effect). No
tax Lien has been filed of record, and, to the knowledge of the Borrower, no claim is being asserted in writing, with respect to any
such tax, fee or other similar charge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 46 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.10 <U>ERISA</U><FONT STYLE="font-size: 10pt"></FONT>.
No Reportable Event has occurred during the five-year period prior to the date on which this representation is made or deemed made with
respect to any Plan, each Plan has satisfied the applicable &ldquo;minimum funding standard&rdquo; and has had no &ldquo;waived funding
deficiency&rdquo; (as such terms are defined in section 412 of the Code and section 302 of ERISA) during the five-year period prior to
the date on which this representation is made or deemed made, and each Plan has complied in all material respects with the applicable
provisions of ERISA and the Code. No &ldquo;prohibited transaction&rdquo; (and the transactions contemplated by this Agreement, will
not constitute, or indirectly result in, a &ldquo;prohibited transaction&rdquo; within the meaning of section 4975 of the Code or section
406 of ERISA) has occurred, or is expected to occur, which has subjected, or could subject, the Mortgaged Properties, a Borrower, or
any officer, director or employee of a Borrower, or Trustee of any Single Employer Plan, administrator or other fiduciary to any tax
or penalty on prohibited transactions imposed by either section 502 of ERISA or section 4975 of the Code or any other liability with
respect thereto except as could not reasonably be expected to have a Material Adverse Effect. No termination of a Single Employer Plan
has occurred, and no Lien in favor of the PBGC or a Plan has arisen, during such five-year period. The present value of all accrued benefits
under each Single Employer Plan (based on those assumptions used to fund such Plans) did not, as of the last annual valuation date prior
to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued
benefits by a material amount. Neither Borrower nor any Commonly Controlled Entity has had a complete or partial withdrawal from any
Multiemployer Plan that has resulted or could reasonably be expected to result in a material liability under ERISA, and neither Borrower
nor any Commonly Controlled Entity would become subject to any material liability under ERISA if such Borrower or any such Commonly Controlled
Entity were to withdraw partially or completely from any or all Multiemployer Plans as of the valuation date most closely preceding the
date on which this representation is made or deemed made. No such Multiemployer Plan is in Reorganization or Insolvent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.11 <U>Investment Company
Act; Other Regulations</U><FONT STYLE="font-size: 10pt"></FONT>. No Loan Party is an &ldquo;investment company&rdquo;, or a company
&ldquo;controlled&rdquo; by an &ldquo;investment company&rdquo;, within the meaning of the Investment Company Act of 1940, as amended.
No Loan Party is subject to regulation under any Requirement of Law (other than Regulation X of the Board of Governors of the Federal
Reserve System of the United States or any successor thereto) that limits its ability to incur Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.12 <U>Subsidiaries</U><FONT STYLE="font-size: 10pt"></FONT>.
(a)&nbsp;<U>Schedule&nbsp;3.12</U> sets forth the name and jurisdiction of formation of each Subsidiary and, as to each such Subsidiary,
the percentage of each class of Capital Stock owned by any Loan Party or any Subsidiary and (b)&nbsp;except as disclosed in public filings
to the SEC, there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock
options granted to employees or directors and directors&rsquo; qualifying shares) of any nature relating to any Capital Stock of any
Subsidiary, except as created by the Loan Documents. Except as listed on <U>Schedule&nbsp;3.12</U>, no Subsidiary owns any material assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.13 <U>Capitalization</U><FONT STYLE="font-size: 10pt"></FONT>.
Except as disclosed in filings made by Cadiz with the SEC, there are no outstanding shares of Capital Stock or subscriptions, options,
warrants, calls, rights or other agreements or commitments (other than equity grants made pursuant to equity incentive plans duly adopted
by the board of directors of Cadiz) of any nature relating to any Capital Stock of the Borrowers, except as created by the Loan Documents
and as set forth in the underwriting agreement relating to the offer and sale of Depositary Receipts to be entered into on or about the
date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.14  &nbsp;<U>Environmental
Matters.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;All
Phase One, Phase Two, and other environmental assessments or reports, and all environmental compliance audits of or relating to the Mortgaged
Properties (the &ldquo;<B>Environmental Reports</B>&rdquo;) in the possession or reasonable control of the Loan Parties, their consultants
and advisors have been made available to the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 47 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Except
as disclosed in the Environmental Reports, and as, in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(i)  &nbsp;the
Mortgaged Properties and, to the knowledge of the Borrowers, all other properties leased or operated by the Loan Parties do not contain,
and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute
or constituted a violation of, or could give rise to liability under, any Environmental Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(ii)  &nbsp;no
Loan Party has received or is aware of any written notice of violation, alleged violation, non-compliance, liability or potential liability
regarding environmental matters or compliance with Environmental Laws with regard to any of the Mortgaged Properties or the business operated
by any Loan Party (the &ldquo;<B>Business</B>&rdquo;), nor does any Borrower have knowledge or reason to believe that any such notice
will be received or is being threatened;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iii)  &nbsp;Materials
of Environmental Concern have not been transported or disposed of by the Loan Parties, or to Borrowers&rsquo; knowledge, by any other
Parties from the Mortgaged Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental
Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of by Borrowers at, on the Mortgaged
Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iv)  &nbsp;no
judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Borrowers, threatened in writing,
under any Environmental Law to which any Loan Party is named as a party with respect to the Mortgaged Properties or the Business, nor
are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial
requirements outstanding under any Environmental Law with respect to the Mortgaged Properties or the Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(v)  &nbsp;there
has been no release or threat of release of Materials of Environmental Concern at or from the Mortgaged Properties, or arising from or
related to the operations of any Loan Party in connection with the Mortgaged Properties or otherwise in connection with the Business,
in violation of or in amounts or in a manner that could give rise to liability under Environmental Laws; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(vi)  &nbsp;no
Loan Party has assumed any liability of any other Person under Environmental Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.15 <U>Accuracy of Information,
etc</U>. No statement or information contained in this Agreement, any other Loan Document, any SEC Report or any other document, certificate
or statement furnished by or on behalf of any Loan Party to the Agent or the Lenders or filed with the SEC, or any of them, for use in
connection with the transactions contemplated by this Agreement or the other Loan Documents, contained as of the date such statement,
information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary
to make the statements contained herein or therein not misleading. There is no fact known to any Loan Party that could reasonably be
expected to have a Material Adverse Effect that has not been expressly disclosed herein, in the other Loan Documents, any SEC Report
or in any other documents, certificates and statements furnished to the Agent or the Lenders or filed with the SEC for use in connection
with the transactions contemplated hereby and by the other Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 48 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.16 <U>Security Documents</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;The
Security Agreement is effective to create in favor of the Agent, for the benefit of the Lenders holding Loans, a legal, valid and enforceable
security interest in the Collateral described therein and proceeds thereof. In the case of the other Collateral described in the Security
Agreement, when financing statements and other filings specified on <U>Schedule&nbsp;3.16(a)</U> in appropriate form are filed in the
offices specified on <U>Schedule&nbsp;3.16(a)</U>, the Security Agreement shall constitute a fully perfected Lien on, and security interest
in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations (as
defined in the Security Agreement) under the Loans, in each case prior and superior in right to any other Person (except, in the case
of Collateral, Liens permitted by <U>Section&nbsp;6.2</U>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;The
Mortgage is effective to create in favor of the Agent for the benefit of the Lenders holding Loans, a legal, valid and enforceable Lien
on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgage is filed in the offices specified on <U>Schedule&nbsp;3.16(b)</U>,
each such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties
in the Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage) under the
Loans, in each case prior and superior in right to any other Person (except exceptions permitted by the Required Lenders in the Title
Policies). <U>Schedule&nbsp;1.1B</U> lists, as of the Closing Date, each parcel of real property owned in fee by the Loan Parties and
any of their Subsidiaries and each leasehold, subleasehold, easement and other real property interest in Material Leased Properties (other
than the Longitudinal Lease Agreement and the Northern Pipeline Real Property Interests). All of the properties listed on <U>Schedule&nbsp;1.1B</U>
shall be subject to the Mortgage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.17 <U>Solvency</U><FONT STYLE="font-size: 10pt"></FONT>.
Each Loan Party is, and after giving effect to the incurrence of all Indebtedness and obligations being incurred in connection herewith,
will be Solvent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.18 <U>Regulation H</U><FONT STYLE="font-size: 10pt"></FONT>.
No Mortgage encumbers improved real property that is located in an area that has been identified by the Secretary of Housing and Urban
Development as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance
Act of 1968.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.19 <U>Labor Matters</U><FONT STYLE="font-size: 10pt"></FONT>.
Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a)&nbsp;there are no strikes or other
labor disputes against any Loan Party pending or, to the knowledge of the Borrower, threatened; (b)&nbsp;hours worked by and payment
made to employees of each Loan Party have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of
Law dealing with such matters; and (c)&nbsp;all payments due from any Loan Party on account of employee health and welfare insurance
have been paid or accrued as a liability on the books of the relevant Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.20 <U>Sanctions; Anti-Corruption</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;No
Borrower, any of its Subsidiaries or, to the knowledge of the Borrower, any director, officer, employee, agent, or Affiliate of any Borrower
or any of its Subsidiaries is Person that is, or is owned 50 percent or more, individually or in the aggregate, directly or indirectly,
or controlled by persons that are: (i)&nbsp;the target of any sanctions administered or enforced by the U.S. Department of the Treasury&rsquo;s
Office of Foreign Assets Control (&ldquo;<B>OFAC</B>&rdquo;), the U.S. Department of State, or other relevant sanctions authority (collectively,
&ldquo;<B>Sanctions</B>&rdquo;), or (ii)&nbsp;located, organized or resident in a country or territory that is the subject of Sanctions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Each
Borrower, its Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Borrower, the agents of
such Borrower and its Subsidiaries, are in compliance with all applicable Sanctions and with the Foreign Corrupt Practices Act of&nbsp;1977,
as amended, and the rules and regulations thereunder (the &ldquo;<B>FCPA</B>&rdquo;) and any other applicable anti-corruption law, in
all material respects. Each Borrower and its Subsidiaries have instituted and maintain policies and procedures designed to promote and
achieve continued compliance with applicable Sanctions, the FCPA and any other applicable anti-corruption laws.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Section
4. </FONT>CONDITIONS PRECEDENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">4.1 <U>Closing Date Conditions
Precedent</U><FONT STYLE="font-size: 10pt"></FONT>. The obligation of each Lender to make any Loan on the Closing Date is subject
to the satisfaction, or waiver in accordance with <U>Section&nbsp;9.1</U>, of the following conditions on or before the Closing Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;<U>Loan
Documents</U>. (i) the Agent shall have received copies of each Loan Document executed and delivered by each applicable Loan Party and,
in the case of this Agreement, each Lender and (ii) each Lender (or its nominee or designee) shall have received its pro rata share of
Warrants, each with different pricing and vesting, for the purchase an aggregate of 1,000,000 shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;<U>Borrowing
Notice</U>. The Agent shall have received a duly executed and delivered Borrowing Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;<U>Organizational
Documents; Incumbency</U>. The Agent shall have received (i) a copy of each Organizational Document of each Loan Party, as applicable,
and, to the extent applicable, certified as of a recent date by the appropriate governmental official, each dated the Closing Date or
a recent date prior thereto; (ii) signature and incumbency certificates of the officers of each Loan Party executing the Loan Documents
to which it is a party; (iii) resolutions of the Board of Directors or similar governing body of each Loan Party approving and authorizing
the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party or by which it or its assets
may be bound as of the Closing Date, certified as of the Closing Date by its secretary or an assistant secretary as being in full force
and effect without modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of each Loan
Party&rsquo;s jurisdiction of incorporation, organization or formation, each dated a recent date prior to the Closing Date; and (v) such
other documents as the Agent or the Lenders may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 50 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;<U>Fees
and Transaction Costs</U>. All fees required to be paid on the Closing Date pursuant to this Agreement and the reasonable and documented
legal fees of Morgan, Lewis &amp; Bockius LLP, counsel to the Lenders, related to the Loan Documents shall, upon the making of the Loans,
have been paid, which amounts may be offset against the proceeds of the Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;<U>Debt
for Borrowed Money</U>. On the Closing Date, after giving effect to the transactions contemplated hereby, none of the Loan Parties shall
have any Indebtedness of the type described in clause (a) of the definition thereof other than (i) the Loans and (ii) any other Indebtedness
permitted under <U>Section&nbsp;6.1</U>. On or prior to the Closing Date, the Borrowers shall have executed documentation reasonably satisfactory
to the Agent and the Lenders directing the Agent to use, upon the Closing, such portion of the proceeds of the Loans necessary to repay
in full, for the account of the Borrowers, all amounts due under the Existing Credit Agreement pursuant to a payoff letter of Wells Fargo
Bank, National Association as agent under the Existing Credit Agreement in form and substance reasonably acceptable to Agent and the Lenders,
and on the Closing Date, following such repayment in full, the Borrowers shall have filed, or has made arrangements reasonably satisfactory
to Agent to file, all documents or instruments necessary to release all Liens securing such debt or other obligations of Cadiz and its
Subsidiaries thereunder being repaid on the Closing Date (and delivered evidence of such filing to the Agent and the Lenders).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;<U>Governmental
Authorizations and Consents</U>. Each Loan Party shall have obtained all governmental authorizations and all consents of other Persons,
in each case that are necessary or advisable in connection with the transactions contemplated by the Loan Documents, and each of the foregoing
shall be in full force and effect and in form and substance reasonably satisfactory to the Agent and the Lenders. All applicable waiting
periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise
impose adverse conditions on the transactions contemplated by the Loan Documents or the financing thereof and except as set forth on <U>Schedule
4.1(f)</U>, no action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing
shall be pending, and the time for any applicable agency to take action to set aside its consent on its own motion shall have expired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(g)  &nbsp;<U>Collateral
Requirements</U>. In order to create in favor of the Agent, for the benefit of the Lenders holding Loans, a valid perfected first-priority
security interest in the Collateral, subject to Liens expressly permitted by <U>Section 6.2</U> and acceptable to the Agent, the Agent
shall have received:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(i)  &nbsp;evidence
satisfactory to the Agent and the Lenders of the compliance by each Loan Party of its obligations under the Security Agreement and the
other Security Documents (including their obligations to execute and/or deliver UCC financing statements, originals of securities, instruments
and chattel paper and any agreements governing deposit and/or securities accounts as provided therein);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 51 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(ii)  &nbsp;with
respect to each Mortgaged Property, (i) a fully executed and notarized first priority Mortgage, in favor of the Agent, for the benefit
of the Lenders, in proper form for recording in all appropriate places in all applicable jurisdictions, encumbering each Mortgaged Property,
subject to the Liens permitted by <U>Section 6.2(k)</U>, (ii)(x) American Land Title Association extended coverage lenders&rsquo; policies
of title insurance or unconditional commitments therefor (which shall not include any general mechanics lien exception) insuring the Lien
of each Mortgage as a valid first priority Lien on the Mortgaged Property (other than with respect to the Northern Pipeline and the Southern
Pipeline) described therein, free of any other Liens other than as permitted by <U>Section&nbsp;6.2</U>, issued by the Title Company with
respect to each Mortgaged Property (each, a &ldquo;<B>Title Policy</B>&rdquo;), in amounts that are the lesser of either (A) the aggregate
amount of the Loan Commitments or (B) 100% of the fair market value of each Mortgaged Property, together with such customary endorsements
(other than any endorsements that require a survey) as the Agent may reasonably request and which are available at commercially reasonable
rates in the jurisdiction where the applicable Mortgaged Property is located, and (y) evidence satisfactory to the Agent and the Lenders
that such Loan Party has paid to the appropriate governmental authorities all recording and stamp taxes (including mortgage recording
and intangible taxes) payable in connection with recording the Mortgages for each Mortgaged Property in the appropriate real estate records,
(iii) customary legal opinions relating to Borrowers and the Loan Documents, which opinions shall be in form, scope and substance, and
from counsel, reasonably satisfactory to the Required Lenders and (iv) such other instruments and documents (including lien searches)
as the Agent and the Lenders shall reasonably request;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iii)  &nbsp;the
results of a search of the Uniform Commercial Code (or equivalent), tax and judgment made with respect to the Loan Parties and copies
of the financing statements (or similar documents) disclosed by such search and evidence reasonably satisfactory to the Agent and the
Lenders that the Liens indicated by such financing statements (or similar documents) are Liens permitted under <U>Section&nbsp;6.2</U>
or have been, or will be simultaneously or substantially concurrently with the closing under this Agreement, released (or arrangements
reasonably satisfactory to the Agent and the Lenders for such release shall have been made);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iv)  &nbsp;evidence
of the insurance required by the terms of <U>Section&nbsp;5.5</U>, including certificates and endorsements with respect thereto, in each
case, in form and substance reasonably satisfactory to the Agent and the Lenders; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(v)  &nbsp;evidence
that each Loan Party shall have taken or caused to be taken any other action, executed and delivered or caused to be executed and delivered
any other agreement, document and instrument (including without limitation, any intercompany notes evidencing Indebtedness permitted to
be incurred pursuant to <U>Section&nbsp;6.1(c)</U>) and made or caused to be made any other filing and recording (other than as set forth
herein) reasonably required by the Agent and the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(h)  &nbsp;<U>Opinions
of Counsel to Loan Parties</U>. The Agent shall have received the favorable written opinions of Greenberg Traurig, LLP and Brownstein
Hyatt Farber Schreck, LLP, counsel for Loan Parties, dated as of the Closing Date and covering such matters as the Agent and the Lenders
may reasonably request and otherwise in form and substance reasonably satisfactory to the Agent and the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 52 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(i)  &nbsp;<U>Solvency
Certificate</U>. On the Closing Date, the Agent shall have received a solvency certificate from a Responsible Officer of Cadiz dated as
of the Closing Date, certifying that, after giving effect to the consummation of the transactions contemplated hereby and the Loans to
be made on the Closing Date, the Borrowers and their respective Subsidiaries are and will be Solvent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(j)  &nbsp;<U>Representations
and Warranties</U>. The representations and warranties set forth in the Loan Documents shall be true and correct in all material respects
as of the Closing Date, in each case, with the same effect as though made on and as of such date, except to the extent such representations
and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all
material respects as of such earlier date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(k)  &nbsp;<U>No
Material Adverse Effect</U>. Since December&nbsp;31, 2020, no event, circumstance or change shall have occurred which has had or would
reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(l)  &nbsp;<U>Closing
Certificate</U>. The Borrowers shall have delivered to the Agent a certificate dated as of the Closing Date, to the effect set forth in
<U>Section&nbsp;4.1(j)</U> above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(m)  &nbsp;<U>Due
Diligence</U>. Each Lender shall have completed and be satisfied with the results of its due diligence investigations of the Borrowers
and their respective Subsidiaries in connection with the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(n)  &nbsp;<U>&ldquo;Know
Your Customer&rdquo; Checks</U>. The Agent and each Lender shall have received all documentation and other information required by regulatory
authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules and regulations, including, without limitation,
the Patriot Act, that has been requested not less than three (3) Business Days prior to the Closing Date.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Section
5. </FONT>AFFIRMATIVE COVENANTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The Borrowers hereby jointly
and severally agree that, so long as any Loan is owing to any Lender hereunder, each of the Loan Parties shall and shall cause each of
its Subsidiaries to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.1 <U>Financial Statements</U><FONT STYLE="font-size: 10pt"></FONT>.
Furnish to the Agent (for distribution to each Lender within three (3) Business Days after receipt thereof):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;within
90 days after the end of each fiscal year of the Borrower, a copy of the audited consolidated balance sheet of Cadiz and its consolidated
Subsidiaries as at the end of such year and the related audited consolidated statements of income and of cash flows for such year, setting
forth in each case in comparative form the figures for the previous year, reported on without a &ldquo;going concern&rdquo; or like qualification
or exception, or qualification arising out of the scope of the audit (except to the extent such &ldquo;going concern&rdquo; or like qualification
or exception, or qualification arising out of the scope of the audit, is given solely as a result of the Maturity Date of any Loan), by
PricewaterhouseCoopers LLP or other independent certified public accountants of nationally recognized standing (it being understood that
the delivery by the Borrowers of annual reports on Form 10-K of Cadiz and its consolidated Subsidiaries shall satisfy the requirements
of this <U>Section 5.1(a)</U> to the extent such annual reports include the information specified herein);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 53 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;within
45 days after the end of each of the first three quarterly periods of each fiscal year of the Borrower, the unaudited consolidated balance
sheet of Cadiz and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income
and of cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative
form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to
normal year-end audit adjustments) (it being understood that the delivery by the Borrowers of quarterly reports on Form 10-Q of Cadiz
and its consolidated Subsidiaries shall satisfy the requirements of this <U>Section 5.1(b)</U> to the extent such annual reports include
the information specified herein); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;at
the request of the Agent and to the extent prepared for, and concurrently with the delivery to, Cadiz&rsquo;s management or Board of Directors,
after the end of each month occurring during each fiscal year of the Borrower, the unaudited consolidated balance sheets of Cadiz and
its Subsidiaries as at the end of such month and the related unaudited consolidated statements of income and of cash flows for such month
and the portion of the fiscal year through the end of such month, setting forth in each case in comparative form the figures for the previous
year, certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">All such financial statements
shall be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied
(except as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout
the periods reflected therein and with prior periods.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Delivery of the reports and
documents described in subsections (a), (b) and (c) above to the Agent is for informational purposes only, and the Agent&rsquo;s receipt
of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein,
including Cadiz&rsquo;s compliance with any of its covenants hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.2 <U>Certificates; Other Information</U><FONT STYLE="font-size: 10pt"></FONT>.
Furnish to the Agent (for distribution to each Lender within three (3) Business Days after receipt thereof):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;upon
Agent&rsquo;s request (acting at the direction of the Required Lenders) at a cost to the Borrowers not to exceed Ten Thousand Dollars
($10,000), a certificate of the independent certified public accountants reporting on such financial statements stating that in making
the examination necessary therefor no knowledge was obtained of any Default or Event of Default, except as specified in such certificate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;concurrently
with the delivery of any financial statements pursuant to <U>Section&nbsp;5.1</U>, (i)&nbsp;a certificate of a Responsible Officer stating
that, to the best of such Responsible Officer&rsquo;s knowledge, each Loan Party during such period has observed or performed all of its
covenants and other agreements, and satisfied every condition contained in this Agreement and the other Loan Documents to which it is
a party to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of any Default or Event
of Default except as specified in such certificate and (ii)&nbsp;in the case of quarterly or annual financial statements, (x)&nbsp;a Compliance
Certificate containing all information necessary for determining compliance by each Loan Party with the provisions of this Agreement referred
to therein as of the last day of the fiscal quarter or fiscal year of the Borrower, as the case may be, and (y)&nbsp;to the extent not
previously disclosed to the Agent, a description of any change in the jurisdiction of organization of any Loan Party and a list of any
material Intellectual Property acquired by any Loan Party since the date of the most recent report delivered pursuant to this clause (y);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;within
five (5) days after the same are sent, copies of all financial statements and reports that a Borrower sends to the holders of any class
of its debt securities or public equity securities and, within five (5) days after the same are filed, copies of all financial statements
and reports that Cadiz may make to, or file with, the SEC; provided, however that such statements and reports required to be delivered
pursuant to clause (c) shall be deemed delivered for purposes of this Agreement when posted to the public website of Cadiz or publicly
available through the EDGAR System; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;promptly,
such additional financial and other information as the Agent may from time to time reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.3 <U>Payment of Obligations</U><FONT STYLE="font-size: 10pt"></FONT>.
Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations
of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings
and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.4 <U>Maintenance of Existence;
Compliance</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;(i)
Preserve, renew and keep in full force and effect its organizational existence and (ii)&nbsp;take all reasonable action to maintain all
rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise permitted
by <U>Section&nbsp;6.3</U> and except, in the case of clause (ii) above, to the extent that failure to do so could not reasonably be expected
to have a Material Adverse Effect; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Comply
with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could not, in the aggregate,
reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.5 <U>Maintenance of Property;
Insurance</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Keep
all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Maintain
with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such
risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the
same general area by companies engaged in the same or a similar business and cause the Agent to be listed as a co-loss payee on property
and casualty policies and as an additional insured on liability policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 55 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.6 <U>Inspection of Property;
Books and Records; Discussions</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Keep
proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall
be made of all dealings and transactions in relation to its business and activities; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;permit
representatives of the Agent and each Lender to concurrently visit and inspect any of its properties and examine and make abstracts from
any of its books and records at a reasonable time and upon reasonable notice, during normal business hours, to discuss the business, operations,
properties and financial and other condition of the Loan Parties with officers and employees of the Loan Parties and with their independent
certified public accountants; <I>provided</I>, <I>however</I>, that so long as no Event of Default has occurred and is continuing, such
inspection or audit shall not be made by the Agent or any Lender more than twice in any calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.7 <U>Notices</U><FONT STYLE="font-size: 10pt"></FONT>.
Promptly give notice to the Agent (for distribution to each Lender within three (3) Business Days after receipt thereof):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;the
occurrence of any Default or Event of Default;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;any
(i)&nbsp;default or event of default under any Contractual Obligation of any Loan Party or (ii)&nbsp;litigation, investigation or proceeding
that may exist at any time between any Loan Party and any Governmental Authority, that in either case, if not cured or if adversely determined,
as the case may be, could reasonably be expected to have a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;any
litigation or proceeding affecting any Loan Party (i)&nbsp;in which the amount involved is $1,000,000 or more and not covered by insurance,
(ii)&nbsp;in which injunctive or similar relief is sought, or (iii) which relates to any Loan Document;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;the
following events, as soon as possible and in any event within thirty (30) days after a Borrower knows or has reason to know thereof: (i)&nbsp;the
occurrence of any Reportable Event with respect to any Plan, a failure of any Loan Party to make any required contribution to a Plan,
the creation of any Lien in favor of the PBGC or a Plan or any withdrawal from, or the termination, Reorganization or Insolvency of, any
Multiemployer Plan or (ii)&nbsp;the institution of proceedings or the taking of any other action by the PBGC, a Borrower or any Commonly
Controlled Entity or any Multiemployer Plan with respect to the withdrawal from, or the termination, Reorganization or Insolvency of,
any Plan; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;any
development or event that has had or could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Each notice pursuant to this
<U>Section&nbsp;5.7</U> shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred
to therein and stating what action the relevant Loan Party proposes to take with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 56 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.8 <U>Environmental Laws</U><FONT STYLE="font-size: 10pt"></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Comply
in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all applicable
Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain
and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required
by applicable Environmental Laws; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Conduct
and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental
Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental
Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.9 <U>Additional
Collateral, etc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><U STYLE="text-decoration: none">&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;With
respect to any property acquired after the Closing Date by any Loan Party (other than any property subject to a Lien expressly permitted
by <U>Section&nbsp;6.2(f)</U>) as to which the Agent, for the benefit of the Lenders does not have a perfected Lien, within thirty (30)
days of such acquisition of property, (i)&nbsp;execute and deliver to the Agent such amendments to the Security Agreement or Mortgages
and such other documents as are necessary or advisable or required by applicable law to grant to the Agent, for the benefit of the Lenders,
a security interest in such property and (ii)&nbsp;take all actions necessary or advisable or required by applicable law to grant to the
Agent, for the benefit of the Lenders, a perfected first priority security interest in such property, including the filing of Uniform
Commercial Code financing statements in such jurisdictions as may be required by the Security Agreement or by law or as may be requested
by the Required Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;With
respect to any After-Acquired Property, in addition to the requirements in paragraph (a) above, promptly (i)&nbsp;deliver an amended and
restated version of <U>Schedule&nbsp;1.1B</U> which shall include a legal description of such After-Acquired Property, (ii)&nbsp;satisfy
all of the requirements of <U>Section 4.1(g)(ii)</U> with respect to such After-Acquired Property (except to the extent such After-Acquired
Property relates to the Northern Pipeline or the Southern Pipeline), and (iii) unless directed otherwise by the Agent, deliver a current
(completed within one hundred eighty (180) days prior to the acquisition thereof) Phase I environmental site assessment with respect to
such After Acquired Property in form and substance reasonably acceptable to the Agent; <I>provided</I>, <I>however</I>, that the Loan
Parties are not required to deliver such assessment except to the extent such Loan Party, itself, receives an assessment in connection
with such acquisition. Notwithstanding anything to the contrary contained herein or in the UCC, the Agent shall not have any obligation
to (i) prepare, record, file, re-record, or re-file any financing statement, perfection statement, continuation statement or other instrument
in any public office or for otherwise ensure the perfection, maintenance, priority or enforceability of any security interest granted
pursuant to, or contemplated by, any Loan Document, (ii) take any necessary steps to preserve rights against any parties with respect
to any Collateral, or (iii) take any action to protect against any diminution in value of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.10 <U>Use of Proceeds</U>.
<FONT STYLE="font-size: 10pt">The proceeds of the Loans shall be used (i) to fund a portion of &nbsp;the refinancing of the Existing
Credit Agreement, (ii) to fund the segregated dividend account, (iii) for payment of transaction related expenses, and (iv) thereafter,
for working capital needs, and for other general corporate purposes of the Borrowers and their Subsidiaries not in contravention of any
Requirement of Law or of any Loan Document. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 57 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><U>5.11 Sanctions; Anti-Corruption
Laws</U><FONT STYLE="font-size: 10pt"></FONT>. The Borrowers will maintain in effect policies and procedures designed to promote
compliance by the Borrowers, their Subsidiaries, and their respective directors, officers, employees, and agents with applicable Sanctions
and with the FCPA and any other applicable anti-corruption laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5<U>.12 Post-Closing Obligations</U><FONT STYLE="font-size: 10pt"></FONT>.
Shall, and shall cause each of their Subsidiaries to, satisfy each of the following post-closing conditions set forth below within such
condition&rsquo;s prescribed time period; <I>provided that</I> such conditions may be waived and/or time periods extended by the Agent
in its sole discretion:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Use
commercially reasonable efforts to deliver to Agent, within ninety (90) days of the Closing Date, executed copies of the Subordination
Agreements with respect to the Leases to the Agent, substantially in the forms attached as <U>Exhibit G</U>, with such modifications as
may be required by the tenant under the Leases, together with an endorsement to the Title Policy evidencing the recordation of the Subordination
Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Deliver
to Agent, within fifteen (15) days of the Closing Date, insurance certificates and endorsements, which shall be in form and substance
reasonably satisfactory to Agent.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Section
6. </FONT>NEGATIVE COVENANTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The Borrowers hereby jointly
and severally agree that, so long as any Loan or other amount is owing to any Lender hereunder, each of the Borrowers shall not, and shall
not permit any of its Subsidiaries to, directly or indirectly:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.1 <U>Indebtedness</U><FONT STYLE="font-size: 10pt"></FONT>.
Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Indebtedness
of any Loan Party pursuant to any Loan Document;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;Indebtedness
(including, without limitation, Capital Lease Obligations) incurred to finance the acquisition, construction or improvement of any assets,
and Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition
thereof, and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof;
<I>provided</I> that (i)&nbsp;such Indebtedness is incurred prior to ninety (90) days after such acquisition or the completion of such
construction or improvement and (ii)&nbsp;the aggregate principal amount of such Indebtedness shall not exceed $1,000,000 at any one time
outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;Indebtedness
of any Loan Party to any other Loan Party; <I>provided</I> that, the Loan Parties shall promptly notify Agent thereof and upon the request
of the Agent, any such intercompany loan is evidenced by a note that is pledged to the Agent for the benefit of the Lenders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 58 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;Indebtedness
existing on the Closing Date and described in <U>Schedule 6.1</U> and extensions, renewals and refinancings thereof which do not increase
the principal amount thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;Indebtedness
of a Loan Party under Swap Agreements entered into in the ordinary course of business to manage existing or anticipated interest rate
risks and not for speculative purposes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;Indebtedness
consisting of guaranty obligations of a Loan Party or any of its Subsidiaries incurred in the ordinary course of business for the benefit
of such Loan Party or any wholly owned Subsidiary that is a Loan Party to the extent that the Person that is obligated under such guaranty
could have incurred such underlying Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(g)  &nbsp;Indebtedness
consisting of the financing of insurance premiums in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(h)  &nbsp;surety
and appeal bonds, performance bonds, bid bonds, statutory bonds, appeal bonds, completion guarantee and similar obligations, in each case,
issued in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(i)  &nbsp;customary
indemnification obligations to purchasers in connection with permitted dispositions; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(j)  &nbsp;Indebtedness
constituting unsecured debt in an aggregate principal amount not to exceed $1,000,000 at any one time outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.2 <U>Liens</U><FONT STYLE="font-size: 10pt"></FONT>.
Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Liens
for taxes not yet due or that are being contested in good faith by appropriate proceedings; <I>provided</I> that adequate reserves with
respect thereto are maintained on the books of the Borrowers or their Subsidiaries, as the case may be, in conformity with GAAP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;carriers&rsquo;,
warehousemen&rsquo;s, mechanics&rsquo;, materialmen&rsquo;s, repairmen&rsquo;s or other like Liens arising in the ordinary course of business
that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings; <I>provided</I>
that adequate reserves with respect thereto are maintained on the books of the Borrowers or their Subsidiaries, as the case may be, in
conformity with GAAP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;pledges
or deposits in connection with workers&rsquo; compensation, unemployment insurance and other social security legislation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;deposits
to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature incurred in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;easements,
zoning restrictions, encroachments, rights-of-way, irregularities of title, minor defects, restrictions and other similar non-monetary
encumbrances incurred in the ordinary course of business that, in the aggregate, are not substantial in amount and that do not in any
case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business
of the Borrowers or any of their Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 59 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;Liens
securing Indebtedness of the Borrowers or any Subsidiary thereof incurred pursuant to <U>Section&nbsp;6.1(b)</U>; <I>provided</I> that
(i)&nbsp;such Liens are incurred prior to ninety (90) days after such acquisition or the completion of such construction or improvement,
(ii)&nbsp;such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (iii)&nbsp;the
amount of Indebtedness secured thereby is not increased;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(g)  &nbsp;Liens
created pursuant to the Security Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(h)  &nbsp;any
interest or title of a lessor under any lease entered into by the Borrowers or any other Subsidiary in the ordinary course of its business
and covering only the assets so leased;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(i)  &nbsp;Liens
arising out of any judgment awarded against a Borrower which have been discharged, vacated, reversed or execution thereof stayed pending
appeal or that does not otherwise constitute an Event of Default under <U>Section 7(h)</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(j)  &nbsp;
Liens with respect to which the Borrowers or related lessee shall have provided a bond or other security in an amount and under terms
reasonably satisfactory to the Agent and which does not involve any material risk of the sale, forfeiture or loss of any interest in Borrower&rsquo;s
real or personal property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(k)  &nbsp;Liens
described in a Title Policy issued by the Title Company, insuring priority in a Mortgage, and permitted by the Agent as of the Closing
Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(l)  &nbsp;Liens
not otherwise permitted by this Section so long as the aggregate outstanding principal amount of the obligations secured thereby does
not exceed $800,000 at any one time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(m)  &nbsp;the
leasehold interest of the Lessee in the Initial Subordinated Property pursuant to the Lease Transaction, and Liens on the Initial Subordinated
Property expressly granted by or permitted under the Lease Agreement, including pursuant to a Tenant Deed of Trust (as defined in the
Subordination Agreement relating to the Lease Agreement);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(n)  &nbsp;the
leasehold interest of Limoneira under the Limoneira Lease Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(o)  &nbsp;the
leasehold interest of the Hemp Tenant under the SoCal Hemp Lease Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(p)  &nbsp;Liens
of landlords and mortgagees of landlords; <I>provided</I> that such Liens (i) arise by statute or under any lease or related contractual
obligation entered into in the ordinary course of business, (ii) are on fixtures and movable tangible property located on the real property
leased or subleased from such landlord, and (iii) are for amounts not yet due or that are subject to a contest maintained in good faith
by appropriate proceedings promptly instituted and diligently conducted and with respect to which such reserve or other appropriate provision,
if any, as shall be required in conformity with GAAP shall have been made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 60 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(q)  &nbsp;rights
of setoff or bankers&rsquo; liens upon deposits of funds in favor of banks or other depository institutions or upon securities in favor
of securities intermediaries, solely to the extent incurred in connection with the maintenance of deposit accounts or securities accounts
in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(r)  &nbsp;Liens
on any property or asset acquired in connection with any permitted acquisition, or on any property or asset of any Subsidiary in existence
at the time such Subsidiary is acquired; <I>provided</I> that (i) such Liens are not incurred in connection with, or in contemplation
or anticipation of, such acquisition and do not attach to any property or asset of any Loan Party other than the property and assets subject
to such Liens at the time of such acquisition, and (ii) the applicable Indebtedness secured by such Lien is permitted under <U>Section
6.1</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(s)  &nbsp;purported
Liens evidenced by the filing of precautionary UCC financing statements relating solely to operating leases or consignments of personal
property entered into the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(t)  &nbsp;any
Lien arising under conditional sale, title retention, consignment or similar arrangements for the sale of goods in the ordinary course
of business; <I>provided</I> that such Lien attaches only to the goods subject to such sale, title retention, consignment or similar arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(u)  &nbsp;Liens
granted on the unearned portion of insurance premiums securing the financing of insurance premiums to the extent the financing is permitted
under <U>Section 6.1</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(v)  &nbsp;Liens
existing on the date of this Agreement and set forth on <U>Schedule 6.2</U> and any renewals or extensions of such Liens (without increase
in the priority or status thereof); <I>provided</I> that (i) the Indebtedness secured by such Liens is permitted under <U>Section 6.1(d)</U>
and (ii) any such renewal or extension does not encumber any additional assets or properties of any Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.5in">Notwithstanding anything in this <U>Section 6.2</U>
to the contrary, Borrowers shall not, and shall not permit any of their Subsidiaries to, directly or indirectly, create, incur, assume,
or suffer to exist any Lien on all or any portion of the Northern Pipeline, the Northern Pipeline Real Property Interests, the Southern
Pipeline, the Southern Pipeline Real Property Interests or any After-Acquired Leasehold Property, other than any Lien permitted by clauses
(a), (b), (d), (e), (g), (h), (j) or (p) of this <U>Section 6.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.3 <U>Fundamental Changes</U><FONT STYLE="font-size: 10pt"></FONT>.
Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or Dispose of all or substantially all of its property or business, except that any Investment expressly permitted by <U>Section 6.6
</U>may be structured as a merger, consolidation or amalgamation, except that, if at the time thereof and immediately after giving effect
thereto, no Default or Event of Default shall have occurred and be continuing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;any
Subsidiary of the Borrower that is a Loan Party may merge into the Borrower in a transaction in which the Borrower is the surviving entity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 61 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;any
Subsidiary of a Borrower may merge into any other Subsidiary of a Borrower in a transaction in which the surviving entity is a Subsidiary
of a Borrower and (if any party to such merger is a Loan Party) a Loan Party; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;any
Subsidiary of a Borrower may sell, transfer, lease or otherwise dispose of all or substantially all of its assets to any Borrower or to
a Subsidiary of a Borrower which is a Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.4 <U>Disposition of Property</U><FONT STYLE="font-size: 10pt"></FONT>.
Make any Asset Sale, other than</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)  &nbsp;Asset
Sales that meet all of the following requirements:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(i)  &nbsp;at
the time of such Asset Sale, no Default or Event of Default shall exist or would result from such Asset Sale;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(ii)  &nbsp;the
purchase price for such Asset Sale shall be at fair market value (as reasonably determined by the board of directors of Cadiz and, if
requested by the Agent, the Borrowers shall deliver a certificate of a Responsible Officer of the Borrowers certifying to that effect);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iii)  &nbsp;not
less than 75% of the purchase price for such Asset Sale shall be paid to the Borrowers in the form of cash or Cash Equivalents by the
transferee of any such assets or its Affiliates; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.5in">(iv)  &nbsp;such
Asset Sale is not a Disposition of Capital Stock in a Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)  &nbsp;dispositions
of (i) inventory in the ordinary course of business (including, without limitation, the sale of water or water storage rights ) or (ii)
equipment that is damaged, obsolete, worn out, replaced, is no longer used or useful, unmerchantable, or unsaleable, in each case, in
the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(c)  &nbsp;dispositions
of cash or Cash Equivalents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(d)  &nbsp;any
disposition or transfer of property or assets by (i) a Loan Party to any other Loan Party and (ii) any Subsidiary that is not a Loan Party
to any Loan Party or to any other wholly-owned Subsidiary that is not a Loan Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(e)  &nbsp;the
sale, transfer or other disposition of assets in connection with the exchange for or acquisition of assets or rights used or useful in
the business of the Loan Parties aggregating for such Loan Party and its Subsidiaries not more than $2,000,000 in the aggregate during
the term of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(f)  &nbsp;any
involuntary loss, damage or destruction of property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(g)  &nbsp;any
involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition of
use of property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 62 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(h)
a Restricted Payment that does not violate <U>Section 6.5</U> hereof or an Investment that does not violate <U>Section 6.6</U> hereof;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)
the granting of Liens not prohibited by <U>Section 6.2</U> hereof;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(j)
the sale, transfer, lease or other disposition of property of a Loan Party or any Subsidiary (including any disposition of property as
part of a sale and leaseback transaction) aggregating for such Loan Party and its Subsidiaries not more than $1,000,000 individually,
and $2,500,000 in the aggregate during any fiscal year of such Loan Party; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(k)
disposition or transfer of property or assets related to the Project to a Person whereby (i) such Person is receiving capital for the
Project in exchange for contractual rights to revenue, (ii) such transfer is otherwise required under the Project Documents, and (iii)
such purchaser, assignee or transferee (w) becomes, at the time of such disposition or transfer, a guarantor hereunder pursuant to a
guaranty in form and substance reasonably satisfactory to Agent (each, a &ldquo;<B>Guaranty</B>&rdquo;), (x) provides such agreements,
documents and instruments as Agent may reasonably request to grant Agent a first priority Lien (subject to the Liens permitted by <U>Section
6.2</U>) on such transferred assets by the purchaser, assignee or transferee, (y) provides, or cause the applicable Loan Party to provide,
to Agent such agreements, documents and instruments as Agent may reasonably request to pledge all of such Loan Party&rsquo;s direct or
beneficial ownership interest in such purchaser, assignee or transferee, and (z) provide to Agent all other documentation, which, in
its commercially reasonable opinion, is appropriate with respect to the execution and delivery of the applicable documentation referred
to above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.5&nbsp;<U>Restricted
Payments</U>. Declare or pay any dividend on, or make any payment on account of, or set apart assets for a sinking or other analogous
fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any Capital Stock of any Loan Party, whether now
or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property
or in obligations of any Borrower (collectively, &ldquo;<B>Restricted Payments</B>&rdquo;), except: (i) dividends payable solely in common
stock of the Person making such dividend, (ii) Restricted Payments by any Subsidiary to a Borrower or any other Loan Party, (iii) Cadiz
withholding or retiring to treasury shares of Common Stock issuable pursuant to equity incentive awards, in connection with applicable
tax withholding obligations, (iv) cash dividends payable in respect of Preferred Stock and Depositary Receipts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.6&nbsp;<U>Investments</U>.
Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or purchase any Capital Stock,
bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other investment in,
any Person (all of the foregoing, &ldquo;<B>Investments</B>&rdquo;), except:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
extensions of trade credit in the ordinary course of business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
Investments in cash and Cash Equivalents;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)
intercompany Investments by any Loan Party in another Loan Party and guarantees permitted by <U>Section 6.1;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 63 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)
Investments in the form of Swap Agreements permitted under <U>Section&nbsp;6.1(e)</U>;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)
Investments of any Person existing at the time such Person becomes a Subsidiary or consolidates, amalgamates or merges with a Borrower
or any of its Subsidiaries (including in connection with a permitted acquisition) so long as such Investments were not made in contemplation
of such Person becoming a Subsidiary or of such consolidation or merger and each such Investments are without recourse to any other Loan
Party (unless such recourse would be otherwise permitted hereunder);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)
<FONT STYLE="font-size: 10pt">&nbsp; </FONT>Investments existing on the date of this Agreement and set forth on <U>Schedule 6.6</U> and
any extensions or renewals thereof so long as the aggregate amount of all such Investments and commitments to make Investments which
are outstanding in reliance on this clause (f) is not increased at any time pursuant to the terms of such Investment in effect on the
Closing Date; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g)
redemptions of Depositary Receipts or shares of Preferred Stock pursuant to the Certificate of Designation for the Preferred Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.7<FONT STYLE="font-size: 10pt">&nbsp;<U>Transactions
with Affiliates</U>. Enter into any transaction, including any purchase, sale, lease or exchange of property, the rendering of any service
or the payment of any management, advisory or similar fees, with any Affiliate (other than among the Loan Parties) unless (a) such transaction
is (i) otherwise permitted under this Agreement, (ii) in the ordinary course of business of the relevant Loan Party, and (iii) upon fair
and reasonable terms no less favorable to the relevant Loan Party than it would obtain in a comparable arm&rsquo;s length transaction
with a Person that is not an Affiliate, or (b) such transaction is necessary for Cadiz to perform its obligations and exercise its rights
pursuant to the Certificate of Designation.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.8<FONT STYLE="font-size: 10pt">&nbsp;</FONT><U>Sales
and Leasebacks</U>. Enter into any arrangement with any Person providing for</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
leasing by any Borrower of real or personal property that has been or is to be sold or transferred by such Borrower to such Person or
to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations
of such Borrower.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.9<FONT STYLE="font-size: 10pt">&nbsp;<U>Swap
Agreements</U>. Enter into any Swap Agreement, except (a)&nbsp;Swap Agreements entered into to hedge or mitigate risks to which a Borrower
or any Subsidiary has actual exposure and (b)&nbsp;Swap Agreements entered into in order to effectively cap, collar or exchange interest
rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing
liability or investment of a Borrower or any Subsidiary.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.10<FONT STYLE="font-size: 10pt">&nbsp;</FONT><U>Changes
in Fiscal Periods</U>. Permit the fiscal year of a Borrower to end on a day other than December&nbsp;31 or change a Borrower&rsquo;s
method of determining fiscal quarters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.11&nbsp;<U>Negative
Pledge Clauses</U>. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan
Parties to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired,
other than (a)&nbsp;this Agreement and the other Loan Documents, (b)&nbsp;any agreements governing any Indebtedness otherwise permitted
hereby (in which case, any prohibition or limitation shall only be effective against the assets securing any such Indebtedness), (c)
the Lease Agreement (which shall be limited to the Initial Subordinated Property subject to the Lease Agreement), (d) restrictions or
conditions imposed by Law, (e) customary provisions in leases, subleases, licenses, asset sale agreements and other contracts restricting
the grant of a security interest therein or the assignment thereof or the assets governed thereby, and (f) any agreement in effect at
the time any Person becomes a Subsidiary, so long as such agreement was not entered into solely in contemplation of such Person becoming
a Subsidiary and does not apply to any Loan Party or any of its other Subsidiaries, or the properties of any such Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.12&nbsp;<U>Clauses
Restricting Subsidiary Distributions</U>. Enter into or suffer to exist or become effective any consensual encumbrance or restriction
on the ability of any Subsidiary of any Borrower to (a)&nbsp;make Restricted Payments in respect of any Capital Stock of such Subsidiary
held by, or pay any Indebtedness owed to, a Borrower or any other Subsidiary of such Borrower, (b)&nbsp;make loans or advances to, or
other Investments in, any Borrower or any other Subsidiary of a Borrower or (c)&nbsp;transfer any of its assets to a Borrower or any
other Subsidiary of a Borrower, except for such encumbrances or restrictions existing under or by reason of (i)&nbsp;any restrictions
existing under the Loan Documents, (ii)&nbsp;imposed by law, or (iii)&nbsp;any restrictions with respect to a Subsidiary imposed pursuant
to an agreement that has been entered into in connection with the Disposition of all or substantially all of the Capital Stock or assets
of such Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 64 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.13&nbsp;<U>Lines
of Business</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
With respect to any Loan Party, enter into any business, either directly or through any Subsidiary, except for those businesses in which
the Borrowers and their Subsidiaries are engaged on the date of this Agreement or that are reasonably related thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
With respect to any Subsidiary that is not a Loan Party, engage in any business activity, incur any liabilities or own any assets, other
than those activities relating to the maintenance of its legal existence as an inactive Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.14&nbsp;<U>Amendments
to Organizational Documents</U>. Amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and conditions of
the Organizational Documents of any Borrower or any Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.15<FONT STYLE="font-size: 10pt">&nbsp;<U>Other
Senior Indebtedness</U>. Incur (i) any Indebtedness senior to the Loans or (ii) except as set forth in <U>Section&nbsp;6.1(b)</U>, any
Indebtedness <I>pari passu </I>with Loans without the consent of the Required Lenders.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.16<FONT STYLE="font-size: 10pt">&nbsp;<U>Lease
Transaction</U>. Either (a) amend, modify, waive, or supplement the terms of the Lease Agreement, the Subordination Agreement relating
to the Lease Agreement, or the Memorandum of Lease without the consent of the Required Lenders (other than administrative changes of
a technical or immaterial nature that are not adverse to the Lenders or changes to the legal description of the Leased Property (as defined
in the Lease Agreement)), or (b) enter into any additional material documents with respect to the Lease Transaction without the consent
of the Required Lenders, not to be unreasonably withheld or delayed.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.17&nbsp;<U>Sanctions;
Anti-Corruption Use of Proceeds</U>. No Borrower will, directly or indirectly, use the proceeds of the Loans, or lend, contribute or
otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, (i)&nbsp;to fund any activities or business
of or with any Person, or in any country or territory, that, at the time of such funding, is the subject of Sanctions, or (ii)&nbsp;in
any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether
as Agent, Lender, or otherwise).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section
7.&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">EVENTS OF DEFAULT</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
any of the following events shall occur and be continuing:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
the Borrowers shall fail to pay any principal of any Loan when due and payable in accordance with the terms hereof; or the Borrowers
shall fail to pay any interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within five (5) days
after any such interest or other amount becomes due in accordance with the terms hereof; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained in any
certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such
other Loan Document shall prove to have been inaccurate in any material respect on or as of the date made or deemed made; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c) (i)
any Loan Party shall default in the observance or performance of any agreement contained in <U>Section&nbsp;2.4</U> (other than with
respect to the failure of the Borrowers to pay interest, which shall be covered by clause (a) above) <U>Section&nbsp;5.4(a)</U>,&nbsp;<U>Section&nbsp;5.7</U>,
<U>Section 5.12</U>, or <U>Section 6</U> of this Agreement or <U>Section&nbsp;4.5</U> of the Security Agreement, or (ii)&nbsp;an &ldquo;Event
of Default&rdquo; under and as defined in any Mortgage shall have occurred and be continuing; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)
any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan Document
(other than as provided in paragraphs <U>(a)</U> through <U>(c)</U> of this Section), and such default shall continue unremedied for
a period of 30 days after notice to a Borrower from the Agent; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 65 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)
any Loan Party shall (i)&nbsp;default in making any payment of any principal of any Indebtedness (including any Guarantee Obligation,
but excluding the Loans) on the scheduled or original due date with respect thereto beyond the period of grace, if any; or (ii)&nbsp;default
in making any payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement
under which such Indebtedness was created; or (iii)&nbsp;default in the observance or performance of any other agreement or condition
relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other
event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or
beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice
if required, such Indebtedness to become due prior to its stated maturity or (in the case of any such Indebtedness constituting a Guarantee
Obligation) to become payable; <I>provided</I>, that a default, event or condition described in clause (i), (ii) or (iii) of this paragraph&nbsp;(e)
shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described
in clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness the outstanding
principal amount of which exceeds in the aggregate $1,000,000; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)&nbsp;(i)
any Loan Party shall commence any case, proceeding or other action (A)&nbsp;under any existing or future law of any jurisdiction, domestic
or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with
respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to it or its debts, or (B)&nbsp;seeking appointment of a receiver, trustee, custodian,
conservator or other similar official for it or for all or any substantial part of its assets, or any Loan Party shall make a general
assignment for the benefit of its creditors; or (ii)&nbsp;there shall be commenced against any Loan Party any case, proceeding or other
action of a nature referred to in clause (i) above that (A)&nbsp;results in the entry of an order for relief or any such adjudication
or appointment or (B)&nbsp;remains undismissed, undischarged or unbonded for a period of 60 days; or (iii)&nbsp;there shall be commenced
against any Borrower any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar
process against all or any substantial part of its assets that results in the entry of an order for any such relief that shall not have
been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv)&nbsp;any Loan Party shall
take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause
(i), (ii), or (iii) above; or (v) any Loan Party shall generally not, or shall be unable to, or shall admit in writing its inability
to, pay its debts as they become due; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g)
(i) any Person shall engage in any &ldquo;prohibited transaction&rdquo; (as defined in section 406 of ERISA or section 4975 of the Code)
involving any Plan, (ii)&nbsp;any &ldquo;unpaid minimum required contribution&rdquo; (as defined in Section&nbsp;302 of ERISA), whether
or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of any Loan
Party or any Commonly Controlled Entity, (iii)&nbsp;a Reportable Event shall occur with respect to, or proceedings shall commence to
have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable
Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required Lenders, likely to result
in the termination of such Plan for purposes of Title IV of ERISA, (iv)&nbsp;any Single Employer Plan shall terminate for purposes of
Title IV of ERISA, (v)&nbsp;any Loan Party or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required Lenders
is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan
or (vi)&nbsp;any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above,
such event or condition, together with all other such events or conditions, if any, could, in the sole judgment of the Required Lenders,
reasonably be expected to have a Material Adverse Effect; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(h)
one or more judgments or decrees shall be entered against any Loan Party involving in the aggregate a liability (not paid or fully covered
by insurance as to which the relevant insurance company has acknowledged coverage) of $1,000,000 or more, and all such judgments or decrees
shall not have been paid, satisfied, vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof;
or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)
any of the Security Documents shall cease, for any reason, to be in full force and effect, or any Loan Party or any Affiliate of any
Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect
and priority purported to be created thereby; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 66 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(j)
the occurrence of a Change of Control.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">then,
and in any such event, (A)&nbsp;if such event is an Event of Default specified in clause (i) or (ii) of clause (f) above with respect
to the Borrower, automatically the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other
Loan Documents, including, without limitation, the Applicable Repayment Fee, shall immediately become due and payable, and (B)&nbsp;if
such event is any other Event of Default, the Agent may, or upon the request of the Required Lenders, by notice to the Borrowers, declare
the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and
payable forthwith, whereupon the same shall immediately become due and payable. Except as expressly provided above in this Section, presentment,
demand, protest and all other notices of any kind are hereby expressly waived by the Borrowers. Nothing in this Agreement or any of the
Loan Documents shall impair any Lender&rsquo;s right to enforce its claims for amounts owed to such Lender hereunder and under the Loan
Documents following the Maturity Date until payment in full of the Obligations and, subject to the provisions of this <U>Section 7</U>
and <U>Section&nbsp;9.1</U>, to pursue any enforcement action or remedies at law or equity with respect to amounts owed to any Lender
as such Lender shall determine in its sole discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section
8. <FONT STYLE="font-size: 10pt">&nbsp; </FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">THE AGENT</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.1
<FONT STYLE="font-size: 10pt">&nbsp; </FONT><U>Appointment</U>. Each Lender hereby irrevocably designates and appoints the Agent as the
administrative agent of such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the
Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to
exercise such powers and perform such duties as are expressly delegated to the Agent by the terms of this Agreement and the other Loan
Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere
in this Agreement, the Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against the Agent and the Agent shall not be bound by any other agreement,
between any Lender and the Borrower, to which it is not a party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2&nbsp;<U>Delegation
of Duties</U>. The Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact
and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Agent shall not be responsible for the
negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable care.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.3&nbsp;<U>Exculpatory
Provisions</U>. Neither the Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i)&nbsp;liable
for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan
Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction
to have resulted from its or such Person&rsquo;s own gross negligence or willful misconduct) or (ii)&nbsp;responsible in any manner to
any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained
in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in,
or received by the Agent under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party a party
thereto to perform its obligations hereunder or thereunder. The Agent shall not be under any obligation to any Lender to ascertain or
to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan
Document, or to inspect the properties, books or records of any Loan Party. No provision of this Agreement shall require the Agent to
expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the
exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not reasonably assured to it. The Agent shall not be responsible or liable for any failure or delay
in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond
its reasonable control, including without limitation, acts of God; earthquakes; fires; floods; wars; civil or military disturbances;
sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service;
accidents; labor disputes; acts of civil or military authority; governmental actions; inability to obtain labor, material, equipment
or transportation. In no event shall the Agent be liable, directly or indirectly, for any special, indirect or consequential damages,
even if the Agent has been advised of the possibility of such damages and regardless of the form of action. The Agent shall not incur
any liability in connection with refusing to act based upon an oral instruction. The permissive authorizations, entitlements, powers
and rights granted to the Agent herein (including the right to (i) request any documentation, (ii) request the taking of any action and
(iii) exercise any remedies) shall not be construed as duties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 67 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.4&nbsp;<U>Reliance
by Agent</U>. The Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution,
notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation
believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements
of legal counsel (including counsel to the Borrowers), independent accountants and other experts selected by the Agent. The Agent shall
be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive
such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it
shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by
reason of taking or continuing to take any such action. The Agent shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by
this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Loans. Phrases such as &ldquo;satisfactory to the Agent&rdquo;, &ldquo;approved by the Agent&rdquo;,
&ldquo;acceptable to the Agent&rdquo;, &ldquo;as determined by the Agent&rdquo;, &ldquo;in the Agent&rsquo;s discretion&rdquo;, &ldquo;selected
by the Agent&rdquo;, &ldquo;as requested by the Agent&rdquo; and phrases of similar import authorize and permit the Agent to approve,
disapprove, determine, act or decline to act in its discretion, it being understood that the Agent in exercising such discretion, hereunder
or under any of the Loan Documents, shall be acting on the instructions of the Required Lenders (or such other number or percentage of
the Lenders as shall be expressly provided for herein or in the other Loan Documents) and shall be fully protected in, and shall incur
no liability in connection with, acting (or failing to act) pursuant to such instructions. With regards to any action or refusal to act
that involves discretion, the Agent shall be entitled to refrain from any act or the taking of any action hereunder or under any of the
Loan Documents or from the exercise of any power or authority vested in it hereunder or thereunder unless and until the Agent shall have
received instructions from the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents) and shall not be liable for any such delay in acting. If at any time the Agent is served with
any judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process which in any way affects
the Collateral (including, but not limited to, orders of attachment or garnishment or other forms of levies or injunctions or stays relating
to the transfer of the Collateral), the Agent (a) shall furnish to the Borrowers prompt written notice thereof and (b) is authorized
to comply therewith in any manner as it or its legal counsel of its own choosing deems appropriate; and if the Agent complies with any
such judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process, the Agent shall not
be liable to any of the parties hereto or to any other person or entity even though such order, judgment, decree, writ or process may
be subsequently modified or vacated or otherwise determined to have been without legal force or effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.5&nbsp;<U>Notice
of Default</U>. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless
the Agent has received notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and
stating that such notice is a &ldquo;notice of default&rdquo;. In the event that the Agent receives such a notice, the Agent shall give
notice thereof to the Lenders. The Agent shall take such action with respect to such Default or Event of Default as shall be reasonably
directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); <I>provided</I> that unless and until the Agent
shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.6&nbsp;<U>Non-Reliance
on Agent and Other Lenders</U>. Each Lender expressly acknowledges that neither the Agent nor any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by the Agent hereafter taken,
including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation
or warranty by the Agent to any Lender. Each Lender represents to the Agent that it has, independently and without reliance upon the
Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation
into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates
and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently
and without reliance upon the Agent or any other Lender, and based on such documents and information as it shall deem appropriate at
the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and
the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property,
financial and other condition and creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by the Agent hereunder, the Agent shall not have any duty or responsibility to provide
any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects
or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into the possession of the Agent or any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 68 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.7&nbsp;<U>Indemnification</U>.
The Lenders agree to indemnify each Agent in its capacity as such (to the extent not reimbursed by a Borrower and without limiting
the obligation of the Borrowers to do so), ratably according to their respective holding of the outstanding Loans in effect on the
date on which indemnification is sought under this <U>Section&nbsp;8.7</U>, from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever (including the cost
of successfully defending itself against a claim brought by a party hereto) that may at any time (whether before or after the
payment of the Loans) be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of, this
Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions
contemplated hereby or thereby or any action taken or omitted by the Agent under or in connection with any of the foregoing; <I>provided</I>
that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the Agent&rsquo;s gross negligence or willful misconduct. The agreements in this <U>Section&nbsp;8.7</U>
shall survive the payment of the Loans and all other amounts payable hereunder and the resignation or removal of the
Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.8&nbsp;<U>Agent
in Its Individual Capacity</U>. The Agent and its affiliates may make loans to, accept deposits from and generally engage in any kind
of business with any Loan Party as though the Agent were not an Agent. The terms &ldquo;Lender&rdquo; and &ldquo;Lenders&rdquo; shall
include each Agent in its individual capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.9&nbsp;<U>Successor Agent</U>. The Agent may resign as Agent upon ten (10) days&rsquo; notice to the Lenders and the Borrowers. If the Agent
shall resign as Agent under this Agreement and the other Loan Documents, then the Required Lenders shall appoint a successor agent for
the Lenders, which successor agent shall (unless an Event of Default under <U>Section 7(a) </U>or <U>(f)</U> with respect to a Borrower
shall have occurred and be continuing) be subject to approval by a Borrower (which approval shall not be unreasonably withheld or delayed),
whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term &ldquo;Agent&rdquo; shall mean
such successor agent effective upon such appointment and approval, and the former Agent&rsquo;s rights, powers and duties as Agent shall
be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any
holders of the Loans. If no successor agent has accepted appointment as Agent by the date that is 10 days following a retiring Agent&rsquo;s
notice of resignation, the retiring Agent&rsquo;s resignation shall nevertheless thereupon become effective, and the Lenders shall assume
and perform all of the duties of the Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided
for above. After any retiring Agent&rsquo;s resignation as Agent, the provisions of this <U>Section 8</U> shall inure to its benefit
as to any actions taken or omitted to be taken by it while it was Agent under this Agreement and the other Loan Documents. Any corporation
or other company into which the Agent may be merged or converted or with which it may be consolidated, or any corporation or other company
resulting from any merger, conversion or consolidation to which the Agent shall be a party, or any corporation or other company succeeding
to the business of the Agent shall be the successor of the Agent hereunder without the execution or filing of any paper with any party
hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required
by law to effect such succession, anything herein to the contrary notwithstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.10&nbsp;<U>Collateral
and Guaranty Matters</U>. Each of the Lenders irrevocably authorizes the Agent, (i) to release or re-assign any Lien on any property
granted to or held by the Agent under any Loan Document (including any Mortgaged Property and any rights or agreements under any
Subordination Agreement relating to any Mortgaged Property) upon (x) the indefeasible payment in full of all Obligations in
accordance with this Agreement (other than indemnification and other contingent obligations, in each case, not then due and owing)
or (y) as required by <U>Section 2.3</U>, and (ii) so long as no Event of Default has occurred, to subordinate the Liens of the
Agent on the Initial Subordinated Property to the Lessee by the execution and delivery of the Subordination Agreement relating to
the Lease Agreement. Upon request by any Loan Party for the release, re-assignment or subordination contemplated above, the Required
Lenders shall confirm in writing the Agent&rsquo;s authority to release, re-assign or subordinate its interest in the Initial
Subordinated Property pursuant to this <U>Section 8.10</U> and direct the Agent to enter into the applicable documentation,
including any such Subordination Agreement. The Loan Party that has granted the Collateral being subordinated will provide an
officer&rsquo;s certificate to the Agent certifying that the subordination of such Collateral complies with the terms of the Loan
Documents. Upon receipt of such confirmation and direction of the Required Lenders and certification by the applicable Loan Party,
the Agent will, at the Borrower&rsquo;s expense, execute and deliver to the applicable Loan Party a Subordination Agreement to
subordinate its interest in such item.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 69 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.11&nbsp;<U>Agent&rsquo;s
Lease Purchase Options</U>. At the instruction of the Required Lenders, the Agent shall exercise the purchase right granted to the Agent
pursuant to Section&nbsp;4(b)(i) or 4(b)(ii) of the Subordination Agreement relating to the Lease Agreement. The Agent shall notify each
Lender of the purchase right being exercised and the date on which the Agent will exercise such purchase right. The Agent (at the direction
of the Required Lenders) shall offer each Lender an opportunity to participate in such purchase, either directly or indirectly through
a special purpose vehicle established by the Lenders for such purpose, in proportion to such Lender&rsquo;s pro rata share of the Loans
as of such date. Each Lender shall have the right but not the obligation to participate in such purchase. The Lenders electing to participate
shall (i) severally provide one hundred percent of the funds required to exercise such purchase option (together with funds provided
by the other electing Lenders), with each such Lender agreeing to pay a portion thereof in proportion to its Loans hereunder vis-&agrave;-vis
each other electing Lender, and (ii) give instructions to the Agent to take all steps that may be necessary to exercise such right. Each
such Lender shall be allocated a ratable ownership interest in the acquired special purpose vehicle or property so purchased equal to
its share of the total amount paid in the exercise of such purchase option.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section
9.&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">MISCELLANEOUS</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1&nbsp;<U>Amendments
and Waivers</U>. Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or
modified except in accordance with the provisions of this <U>Section&nbsp;9.1</U>. The Required Lenders and each Loan Party party to
the relevant Loan Document may, or, with the written consent of the Required Lenders, the Agent and each Loan Party party to the
relevant Loan Document may, from time to time, (a)&nbsp;enter into written amendments, supplements or modifications hereto and to
the other Loan Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any
manner the rights of the Agent, the Lenders or of the Loan Parties hereunder or thereunder or (b)&nbsp;waive, on such terms and
conditions as the Required Lenders or the Agent, as the case may be, may specify in such instrument, any of the requirements of this
Agreement or the other Loan Documents or any Default or Event of Default and its consequences; <I>provided</I>, <I>however</I>,
that, in the case of clause (a) and clause (b) hereof, no such waiver and no such amendment, supplement or modification shall
(i)&nbsp;forgive the principal amount or extend the final scheduled date of maturity of any Loan, reduce the stated rate of any
interest or fee payable hereunder or extend the scheduled date of any payment thereof, in each case without the written consent of
each Lender directly affected thereby; (ii)&nbsp;eliminate or reduce the voting rights of any Lender under this <U>Section&nbsp;9.1</U>
without the written consent of such Lender; (iii)&nbsp;reduce any percentage specified in the definition of Required Lenders, or
consent to the assignment or transfer by the Borrowers of any of their rights and obligations under this Agreement and the other
Loan Documents, in each case without the written consent of all Lenders; (iv)&nbsp;release all or substantially all of the
Collateral or amend, modify or waive the last paragraph of Section&nbsp;7 or Section&nbsp;5.5 of the Security Agreement, in each
case without the written consent of all Lenders; (v)&nbsp; amend <U>Section&nbsp;2.7</U> or <U>Section&nbsp;2.9 </U>without the
written consent of all Lenders&#894; or (vi) impose any greater restriction on the ability of any Lender (compared to the ability of
the other Lenders) to assign any of its rights or obligations hereunder without the written consent of such Lender.
&nbsp;Notwithstanding the foregoing, no amendment, modification or waiver shall affect the rights or duties of the Agent, under this
Agreement or any other Loan Document, without the prior written consent of the Agent.&nbsp; Any such waiver and any such amendment,
supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the
Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Agent shall be restored
to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall
be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or
impair any right consequent thereon.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.2&nbsp;<U>Notices</U>.
All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy
or other electronic transmission), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when
delivered, or, in the case of telecopy or other electronic notice, when received, addressed as follows, or to such other address as may
be hereafter notified by the respective parties hereto:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Borrowers:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Cadiz Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">550 South Hope Street, Suite 2850</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Los Angeles, CA 90017</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Attention: Chief Financial Officer</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Telecopy: (213) 271-1614</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Telephone: (213) 271-1600</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">E-mail:
sspeer@cadizinc.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I></I></FONT></P>

<!-- Field: Page; Sequence: 70 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>with
a copy to:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I></I>Greenberg Traurig, LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1840
Century Park East, Suite 1900</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Los
Angeles, CA 90067</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Attention:
Homin Lee; Kevin Friedmann</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Telephone:
(310) 586-7752; (312) 456-1072</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">E-mail:
leeho@gtlaw.com; friedmannk@gtlaw.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Agent:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">B. Riley Securities, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">299 Park Avenue, 21st Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">New
York, New York 10171</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Attention: Daniel R. Palmadesso</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Telephone: (646) 885-5548</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">E-mail: dpalmadesso@brileyfin.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"> <FONT STYLE="font-family: Times New Roman, Times, Serif">Lenders:</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">B.
Riley Commercial Capital, LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11100 Santa Monica Blvd., Suite 800</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Los Angeles, CA 90025</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Attention: Daniel R. Palmadesso</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Telephone: (646) 885-5548</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">E-mail: dpalmadesso@brileyfin.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>with
a copy to</I>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Morgan,
Lewis &amp; Bockius LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1400 Page Mill Road</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Palo Alto, CA 94304</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Attention: Albert Lung</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Telephone:
(650) 843.7263</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">E-mail: albert.lung@morganlewis.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">;
<I>provided</I> that any notice, request or demand to or upon the Agent or the Lenders shall not be effective until received. Notices
and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved
by the Agent. The Agent or a Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; <I>provided</I> that approval of such procedures may be limited to particular notices
or communications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.3&nbsp;<U>No
Waiver; Cumulative Remedies</U>. No failure to exercise and no delay in exercising, on the part of the Agent or any Lender, any right,
remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 71 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.4&nbsp;<U>Survival
of Representations and Warranties</U>. All representations and warranties made hereunder, in the other Loan Documents and in any document,
certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement
and the making of the Loans and other extensions of credit hereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.5&nbsp;<U>Payment
of Expenses and Taxes; Indemnification</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
The Borrowers agree (a)&nbsp;to pay or reimburse the Agent for all reasonable and documented out-of-pocket costs and expenses incurred
in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and
the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration
of the transactions contemplated hereby and thereby, including the reasonable, documented and out-of-pocket fees and disbursements of
counsel to the Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the
Borrowers prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly
basis or such other periodic basis as the Agent shall deem appropriate, (b)&nbsp;to pay or reimburse each Lender and the Agent for all
its costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan
Documents and any such other documents, including the fees and disbursements of counsel (including the allocated fees and expenses of
in-house counsel) to each Lender and of counsel to the Agent, (c)&nbsp;to pay, indemnify, and hold the Agent and the Lenders harmless
from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp,
excise and other taxes, if any, that may be payable or determined to be payable in connection with the execution and delivery of, or
consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver
or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents; <I>provided that</I> to the
extent that the costs and expenses referred to in the foregoing consist of fees, costs and expenses of counsel, Borrowers shall only
be obligated to pay such fees, costs and expenses for one firm of counsel for Agent together with the Lenders, and, if necessary, a single
firm of local counsel to Administrative Agent together with the Lenders in each appropriate jurisdiction and a single special or regulatory
counsel to the extent necessary or appropriate in each specialty area, in each case, incurred in connection with the Loan Documents or
related transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
The Borrowers agree to pay, indemnify, and hold the each Lender and the Agent and their respective officers, directors, employees,
affiliates, agents and controlling persons (each, an &ldquo;<B>Indemnitee</B>&rdquo;) harmless from and against any and all other
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever with respect to (i) the execution, delivery, enforcement, performance and administration of this Agreement, the
other Loan Documents and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans, (ii)
the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of any Loan Party or any
of the Mortgaged Properties, or (iii) actions or proceedings by any Indemnitee against any Loan Party under any Loan Document
(including the cost of successfully defending itself against a claim brought by a party hereto) (all the foregoing in this clause
(b), collectively, the &ldquo;<U>Indemnified Liabilities</U>&rdquo;); <I>provided</I>, <I>that</I> the Borrowers shall have no
obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found
by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful
misconduct of such Indemnitee. Without limiting the foregoing, and to the extent permitted by applicable law, the Borrowers agree
not to assert and to cause its Subsidiaries not to assert, and hereby waive and agree to cause their Subsidiaries to waive, all
rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities,
settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might
have by statute or otherwise against any Indemnitee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)
All amounts due under this <U>Section 9.5</U> shall be payable not later than ten (10) days after written demand therefor. The agreements
in this <U>Section 9.5</U> shall survive the payment of the Loans and all other amounts payable hereunder and the resignation or removal
of the Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 72 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.6&nbsp;<U>Successors
and Assigns; Assignments and Participations</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that (i)&nbsp;the Borrowers may not assign or otherwise transfer any of their rights
or obligations hereunder without the prior written consent of the Agent (and any attempted assignment or transfer by any Borrower
without such consent shall be null and void) and (ii)&nbsp;the Lenders may not assign or otherwise transfer its rights or
obligations hereunder except to an assignee (&ldquo;<B>Assignee</B>&rdquo;) without the prior written consent of the Borrowers (such
consent of the Borrowers not to be unreasonably withheld or delayed), which consent shall not be required (A) during the existence
of a Default or Event of Default, or (B) during the existence of a default under any material Contractual Obligation of any
Borrower; <I>provided</I>, <I>further</I>, that, (other than to a Lender or an Affiliate of a Lender), the amount of Loans of the
assigning Lender subject to each assignment (aggregating any such assignments by Affiliates) shall not be less than $15,000,000,
unless the Borrowers and the Agent otherwise agree. Subject to acceptance and recording thereof pursuant to this <U>Section&nbsp;9.6</U>,
from and after the effective date specified in each Assignment and Assumption, the Assignee thereunder shall be a party hereto and,
to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be
released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender&rsquo;s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be
entitled to the benefits of <U>Section&nbsp;9.5</U>). The Agent, acting for this purpose as an agent of the Borrower, shall maintain
at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and
addresses of the Lenders, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time
(the &ldquo;<B>Register</B>&rdquo;). The entries in the Register shall be conclusive, and the Borrower, the Agent, and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of
this Agreement, notwithstanding notice to the contrary. Upon its receipt of a duly completed Assignment and Assumption executed by
an assigning Lender and an Assignee, the Assignee&rsquo;s completed administrative questionnaire (unless the Assignee shall already
be a Lender hereunder), and any written consent to such assignment required by this <U>Section&nbsp;9.6</U>, the Agent shall accept
such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
Any Lender may, without the consent of the Borrowers or the Agent, sell participations to one or more entities in all or a portion of
such Lender&rsquo;s rights and obligations under this Agreement (including all or a portion of the Loans owing to it); provided that
(i) such Lender&rsquo;s obligations under this Agreement shall remain unchanged, (ii)&nbsp;such Lender shall remain solely responsible
to the other parties hereto for the performance of such obligations and (iii)&nbsp;the Borrower, the Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender&rsquo;s rights and obligations under this Agreement.
Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce
this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement. Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address
of each participant and the principal amounts (and stated interest) of each participant&rsquo;s interest in the Loans or other obligations
under the Loan Documents (the &ldquo;<B>Participant Register</B>&rdquo;); <I>provided</I> that no Lender shall have any obligation to
disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant&rsquo;s
interest in any commitments, loans, or its other obligations under any Loan Document) to any Person except to the extent that such disclosure
is necessary to establish that such commitment, loan, or other obligation is in registered form under Section 5f.103-1(c) of the United
States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall
treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility
for maintaining a Participant Register.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.7&nbsp;<U>Counterparts</U>.
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this
Agreement by facsimile transmission or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.
A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrowers and the Agent. This Agreement may
be executed by means of (a) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce
Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and applicable electronic signatures law; (b)
an original manual signature; or (c) a faxed, scanned, or photocopied manual signature. Each electronic signature or faxed, scanned,
or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original
manual signature.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 73 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.8&nbsp;<U>Severability</U>.
Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.9&nbsp;<U>Integration</U>.
This Agreement and the other Loan Documents represent the entire agreement of the parties hereto with respect to the subject matter hereof
and thereof, and there are no promises, undertakings, representations or warranties by any such party relative to the subject matter
hereof not expressly set forth or referred to herein or in the other Loan Documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.10&nbsp;<U>Governing
Law</U>. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.11&nbsp;<U>Submission
to Jurisdiction; Waivers</U>. Each of the Borrowers hereby irrevocably and unconditionally:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which
it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the
courts of the State of New&nbsp;York, the courts of the United States for the Southern District of New&nbsp;York, and appellate courts
from any thereof;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have
to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court
and agrees not to plead or claim the same;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)
agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to the Borrowers at its address set forth in <U>Section&nbsp;9.2</U>
or at such other address of which the Agent shall have been notified pursuant thereto;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)
agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the
right to sue in any other jurisdiction; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)
waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred
to in this Section any special, exemplary, punitive or consequential damages.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.12&nbsp;<U>Acknowledgments</U>.
Each of the Borrowers hereby acknowledges that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)
it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)
no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby
among the Borrowers and the Lender.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.13&nbsp;<U>Confidentiality</U>.
Each of the Agent and each Lender agrees to keep confidential all material non-public information provided to it by any Loan Party pursuant
to or in connection with this Agreement that is designated as confidential; <I>provided</I> that nothing herein shall prevent the Agent
or any Lender from disclosing any such information (a)&nbsp;to the Agent, any other Lender or any affiliate thereof, (b)&nbsp;subject
to an agreement to comply with the provisions of this <U>Section&nbsp;9.13</U>, to any actual or prospective Assignee, (c)&nbsp;to its
employees, directors, agents, attorneys, accountants and other professional advisors or those of any of its affiliates, (d)&nbsp;upon
the request or demand of any Governmental Authority, (e)&nbsp;in response to any order of any court or other Governmental Authority or
as may otherwise be required pursuant to any Requirement of Law, (f)&nbsp;if requested or required to do so in connection with any litigation
or similar proceeding, (g)&nbsp;that has been publicly disclosed, or (h)&nbsp;in connection with the exercise of any remedy hereunder
or under any other Loan Document. The Agent and each Lender further agrees that it shall not engage in any public purchases or sales
of any securities of Cadiz for so long as the Agent or such Lender possesses material non-public information about the Borrowers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.14&nbsp;<U>Waivers
of Jury Trial</U>. EACH OF THE BORROWERS, THE AGENT, AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">[<I>Signature
Pages Intentionally Omitted]</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 74 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ANNEX B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT I TO CREDIT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[see attached]</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Page; Sequence: 75 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>EXHIBIT I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM OF NOTICE OF LENDER CONVERSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cadiz Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">550 South Hope Street, Suite 2850</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Los Angeles, CA 90017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: Chief Financial Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">Re:</TD><TD STYLE="text-align: left"><U>Notice of Lender Conversion</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Reference is made to that
certain Credit Agreement, dated as of July 2, 2021 (as the same may be amended, restated, supplemented or otherwise modified from time
to time, the &ldquo;<U>Credit Agreement</U>&rdquo;), among Cadiz Inc., a Delaware corporation (&ldquo;<U>Cadiz</U>&rdquo;), Cadiz Real
Estate LLC, a Delaware limited liability company, the lenders from time to time party thereto (the &ldquo;<U>Lenders</U>&rdquo;), and
B. Riley Securities, Inc., as administrative agent for the Lenders. Capitalized terms used herein without definition are used as defined
in the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The undersigned hereby elects
to convert principal and accrued and unpaid interest, if any, on the Convertible Loans held by the undersigned under the Credit Agreement,
into shares of Common Stock of Cadiz as of the date written below. If shares of Common Stock are to be issued in the name of a person
other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates
and opinions as reasonably requested by Cadiz in accordance therewith. No fee will be charged to the holder for any conversion, except
for such transfer taxes, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">By the delivery of this Notice
of Lender Conversion, the undersigned represents and warrants to Cadiz that its ownership of the Common Stock does not exceed the amounts
specified under <U>Section 2.15</U> of the Credit Agreement, as determined in accordance with Section 13(d) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The undersigned agrees to
comply with the prospectus delivery requirements under the applicable securities laws in connection with any transfer of the aforesaid
shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Conversion calculations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 2.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.65in; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date to Effect Conversion:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal Amount of Convertible Loans to be Converted: $_____________________</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accrued and Unpaid Interest to be Converted:&nbsp;&nbsp;$_____________________</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of shares of Common Stock to be issued:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signature:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Delivery Instructions:</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>








</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea172927ex10-2_cadiz.htm
<DESCRIPTION>FIRST AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT, FINANCING STATEMENT AND FIXTURE FILING, DATED AS OF FEBRUARY 2, 2023, BY AND AMONG CADIZ INC., CADIZ REAL ESTATE LLC, OCTAGON PARTNERS LLC AND B. RILEY SECURITIES, INC
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>RECORDING REQUESTED BY AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WHEN RECORDED MAIL TO:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Morgan, Lewis &amp; Bockius LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">300 S. Grand Avenue, Suite 2200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Los Angeles, California 90071</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attn: David V. Chang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FIRST AMENDMENT TO DEED OF TRUST,<BR>
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT, </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FINANCING STATEMENT AND FIXTURE FILING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>THIS FIRST AMENDMENT TO
DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT, FINANCING STATEMENT AND FIXTURE FILING </B>(this &ldquo;<U>Amendment</U>&rdquo;)
is dated as of February 2, 2023, and entered into by and among CADIZ INC., a Delaware corporation formerly known as and formerly named
Cadiz Land Company, Inc., a Delaware corporation, which (i) took title to the property described as Parcel 21 on <U>Exhibit A</U> hereto
as &ldquo;Pergola Properties&rdquo; and (ii) was successor by merger to Cadiz Valley Development Corporation, a California Corporation
(&ldquo;<U>Cadiz</U>&rdquo;), as to Parcels 1-15, 17-23 and 25-27 of Division F (as described in <U>Exhibit A</U> attached hereto), CADIZ
REAL ESTATE LLC, a Delaware limited liability company (&ldquo;<U>CRE</U>&rdquo;), as to Divisions A, B, C, D, E, Parcel 16 of Division
F, Division G and Division H (as described in <U>Exhibit A</U> attached hereto), and Octagon Partners LLC, a California limited liability
company (&ldquo;<U>Octagon</U>&rdquo;, together with Cadiz and CRE, collectively the &ldquo;<U>Trustor</U>&rdquo;), as to Parcel 24 of
Division F and Division I (as described in <U>Exhibit A</U> attached hereto), and B. RILEY SECURITIES, INC., as administrative agent for
the lenders from time to time party to the below-referenced Credit Agreement (the &ldquo;<U>Beneficiary</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">A. Trustor,
as trustor, executed that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing
dated as of July 2, 2021, to Fidelity National Title Company, as Trustee, for the benefit of Beneficiary, as administrative agent, as
beneficiary, which was recorded on July 2, 2021, in the Official Records of San Bernardino County, California (the &ldquo;<U>Official
Records</U>&rdquo;), as Instrument No. 2021-0301699 (the &ldquo;<U>Deed of Trust</U>&rdquo;), which encumbers, among other things, that
certain real property located in San Bernardino County, California and more particularly described on <U>Exhibit A</U> (the &ldquo;<U>Property</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">B. The
&ldquo;Credit Agreement&rdquo; (as defined in the Deed of Trust) has been modified pursuant to that certain First Amendment to Credit
Agreement, dated as of the date hereof, by and among Cadiz, CRE, Beneficiary and the lenders party thereto (the &ldquo;<U>First Amendment
to Credit Agreement</U>&rdquo;), under which such First Amendment to Credit Agreement, among other things, the maturity date under the
Credit Agreement was extended and said maturity date is subject to further extension as provided in the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">C. It
is the express intention of Trustor and Beneficiary that this Amendment not act as a discharge or novation of, or alter the priority of,
the liens created by the Deed of Trust, but, with respect to the collateral described in the Deed of Trust, that it be an extension and
continuation of the liens created thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the premises and the agreements, provisions and covenants contained in this Amendment, the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Section 1. <U>AMENDMENT OF THE DEED OF TRUST</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>1.1 Amendment
of Obligations. </B>This Amendment hereby serves as notice that the obligations under the Credit Agreement secured by the Deed of Trust
have been modified as set forth in the First Amendment to Credit Agreement to, among other things, extend the maturity date under the
Credit Agreement to June 30, 2025, as such date may be further extended pursuant to Section 2.13(c) in the Credit Agreement. All references
to the &ldquo;Credit Agreement&rdquo; in the Deed of Trust shall hereinafter mean the Credit Agreement as amended by the First Amendment
to Credit Agreement and as further amended, modified, supplemented, restated, or amended and restated from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>1.2 Effect
of Amendment</B>. Except as specifically modified by this Amendment, the Deed of Trust shall remain unchanged and in full force and effect
and is hereby ratified and confirmed. The Property remains subject to the lien, charge, encumbrance and security interest of the Deed
of Trust, and nothing herein shall affect or impair the priority thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>Section 2. <U>MISCELLANEOUS</U>.
</B>This Amendment shall in all respects be governed by, and shall be interpreted in accordance with, the laws of the State of California.
This Amendment may be executed by the parties in one or more separate counterparts, each of which shall be deemed an original but all
of which together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[signatures on next page]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">IN WITNESS WHEREOF, the parties hereto have executed
this Amendment as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>TRUSTOR</B>:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>CADIZ INC.,</B> a Delaware corporation</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 60%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; layout-grid-mode: line; width: 35%">/s/ Stanley E. Speer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Name:</TD>
    <TD STYLE="layout-grid-mode: line">Stanley E. Speer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Title:</TD>
    <TD STYLE="layout-grid-mode: line">CFO</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature Page to First Amendment to Deed of
Trust]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>TRUSTOR</B>:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>CADIZ REAL ESTATE LLC,</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">a Delaware limited liability company</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 60%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; layout-grid-mode: line; width: 35%"> /s/ Stanley E. Speer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Name:</TD>
    <TD STYLE="layout-grid-mode: line">Stanley E. Speer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Title:</TD>
    <TD STYLE="layout-grid-mode: line">Manager</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature Page to First Amendment to Deed of
Trust]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>TRUSTOR</B>:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>OCTAGON PARTNERS LLC,</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">a California limited liability company</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 60%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; layout-grid-mode: line; width: 35%"> /s/ Stanley E. Speer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Name:</TD>
    <TD STYLE="layout-grid-mode: line">Stanley E. Speer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Title:</TD>
    <TD STYLE="layout-grid-mode: line">CEO, Manager &amp; Chairman</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature Page to First Amendment to Deed of
Trust]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>BENEFICIARY</B>:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><B>B. RILEY SECURITIES, INC.,</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">as Administrative Agent</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 60%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; layout-grid-mode: line; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; layout-grid-mode: line; width: 35%"> /s/ Andy Moore</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Name:</TD>
    <TD STYLE="layout-grid-mode: line">Andy Moore</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">Title:</TD>
    <TD STYLE="layout-grid-mode: line"> Chief Executive Officer</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature Page to First Amendment to Deed of
Trust]</I></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 6; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>cdzi-20230202.xsd
<DESCRIPTION>XBRL SCHEMA FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: /qpZs7xRiXgen8uBYXYsWaKJeaPtyJ1xCYkxuG95ffnavy8jFJMNYyDH00524b8F -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:us-gaap="http://fasb.org/srt-sup/2022q3" xmlns:srt="http://fasb.org/srt/2022" xmlns:srt-types="http://fasb.org/srt-types/2022" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:CDZI="http://cadizinc.com/20230202" elementFormDefault="qualified" targetNamespace="http://cadizinc.com/20230202">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://cadizinc.com/role/Cover" id="Cover">
	  <link:definition>00000001 - Document - Cover</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="cdzi-20230202_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="cdzi-20230202_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="cdzi-20230202_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2022" schemaLocation="https://xbrl.sec.gov/dei/2022/dei-2022.xsd" />
    <import namespace="http://fasb.org/us-gaap/2022" schemaLocation="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd" />
    <import namespace="http://fasb.org/us-gaap-sup/2022q3" schemaLocation="https://xbrl.fasb.org/us-gaap/2022q3/us-gaap-sup-2022q3.xsd" />
    <import namespace="http://fasb.org/srt-sup/2022q3" schemaLocation="https://xbrl.fasb.org/srt/2022q3/srt-sup-2022q3.xsd" />
    <import namespace="http://fasb.org/us-types/2022" schemaLocation="https://xbrl.fasb.org/us-gaap/2022/elts/us-types-2022.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2022" schemaLocation="https://xbrl.sec.gov/country/2022/country-2022.xsd" />
    <import namespace="http://fasb.org/srt/2022" schemaLocation="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd" />
    <import namespace="http://fasb.org/srt-types/2022" schemaLocation="https://xbrl.fasb.org/srt/2022/elts/srt-types-2022.xsd" />
    <element id="CDZI_CommonStockParValue0.01PerShareMember" name="CommonStockParValue0.01PerShareMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="CDZI_DepositaryShareseachRepresentingMember" name="DepositaryShareseachRepresentingMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>5
<FILENAME>cdzi-20230202_def.xml
<DESCRIPTION>XBRL DEFINITION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://cadizinc.com/role/Cover" xlink:href="cdzi-20230202.xsd#Cover" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://cadizinc.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="cdzi-20230202.xsd#CDZI_CommonStockParValue0.01PerShareMember" xlink:label="loc_CDZICommonStockParValue0.01PerShareMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CDZICommonStockParValue0.01PerShareMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="cdzi-20230202.xsd#CDZI_DepositaryShareseachRepresentingMember" xlink:label="loc_CDZIDepositaryShareseachRepresentingMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CDZIDepositaryShareseachRepresentingMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentType_40" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentFlag_40" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentDescription_40" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentRegistrationStatement_40" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAnnualReport_40" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentQuarterlyReport_40" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentTransitionReport_40" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyReport_40" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate_40" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodStartDate_40" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodEndDate_40" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus_40" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalYearFocus_40" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate_40" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFileNumber_40" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityRegistrantName_40" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCentralIndexKey_40" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPrimarySicNumber_40" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber_40" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode_40" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine1_40" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine2_40" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine3_40" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCityOrTown_40" xlink:type="arc" order="23" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressStateOrProvince_40" xlink:type="arc" order="24" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCountry_40" xlink:type="arc" order="25" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressPostalZipCode_40" xlink:type="arc" order="26" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCountryRegion_40" xlink:type="arc" order="27" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCityAreaCode_40" xlink:type="arc" order="28" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiLocalPhoneNumber_40" xlink:type="arc" order="29" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Extension" xlink:label="loc_deiExtension_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiExtension_40" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiWrittenCommunications_40" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSolicitingMaterial_40" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementTenderOffer_40" xlink:type="arc" order="33" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer_40" xlink:type="arc" order="34" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12bTitle_40" xlink:type="arc" order="35" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiNoTradingSymbolFlag_40" xlink:type="arc" order="36" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiTradingSymbol_40" xlink:type="arc" order="37" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityExchangeName_40" xlink:type="arc" order="38" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12gTitle_40" xlink:type="arc" order="39" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityReportingObligation_40" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAnnualInformationForm_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements_40" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer_40" xlink:type="arc" order="43" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityVoluntaryFilers_40" xlink:type="arc" order="44" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCurrentReportingStatus_40" xlink:type="arc" order="45" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent_40" xlink:type="arc" order="46" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFilerCategory_40" xlink:type="arc" order="47" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntitySmallBusiness_40" xlink:type="arc" order="48" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany_40" xlink:type="arc" order="49" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityExTransitionPeriod_40" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAccountingStandard_40" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber_40" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityShellCompany_40" xlink:type="arc" order="53" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPublicFloat_40" xlink:type="arc" order="54" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent_40" xlink:type="arc" order="55" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding_40" xlink:type="arc" order="56" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock_40" xlink:type="arc" order="57" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>cdzi-20230202_lab.xml
<DESCRIPTION>XBRL LABEL FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US">Class of Stock [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="cdzi-20230202.xsd#CDZI_CommonStockParValue0.01PerShareMember" xlink:label="CDZI_CommonStockParValue0.01PerShareMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CDZI_CommonStockParValue0.01PerShareMember" xlink:to="CDZI_CommonStockParValue0.01PerShareMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CDZI_CommonStockParValue0.01PerShareMember_lbl" xml:lang="en-US">Common Stock, par value $0.01 per share</link:label>
      <link:loc xlink:type="locator" xlink:href="cdzi-20230202.xsd#CDZI_DepositaryShareseachRepresentingMember" xlink:label="CDZI_DepositaryShareseachRepresentingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CDZI_DepositaryShareseachRepresentingMember" xlink:to="CDZI_DepositaryShareseachRepresentingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CDZI_DepositaryShareseachRepresentingMember_lbl" xml:lang="en-US">Depositary Shares&#160;(each representing a</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>cdzi-20230202_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://cadizinc.com/role/Cover" xlink:href="cdzi-20230202.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://cadizinc.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="cdzi-20230202.xsd#CDZI_CommonStockParValue0.01PerShareMember" xlink:label="loc_CDZICommonStockParValue0.01PerShareMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CDZICommonStockParValue0.01PerShareMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cdzi-20230202.xsd#CDZI_DepositaryShareseachRepresentingMember" xlink:label="loc_CDZIDepositaryShareseachRepresentingMember" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CDZIDepositaryShareseachRepresentingMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.22.4</span><table class="report" border="0" cellspacing="2" id="idm139722687726864">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Feb. 02, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Feb.  02,  2023<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">0-12114<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">CADIZ INC.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000727273<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">77-0313235<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">550 S. Hope Street<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 2850<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Los Angeles<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">90071<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(213)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">271-1600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CDZI_CommonStockParValue0.01PerShareMember', window );">Common Stock, par value $0.01 per share</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, par value $0.01 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CDZI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CDZI_DepositaryShareseachRepresentingMember', window );">Depositary Shares&#160;(each representing a</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Depositary Shares<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CDZIP<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CDZI_CommonStockParValue0.01PerShareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CDZI_CommonStockParValue0.01PerShareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CDZI_DepositaryShareseachRepresentingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CDZI_DepositaryShareseachRepresentingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>ea172927-8k_cadiz_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:CDZI="http://cadizinc.com/20230202"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:us-gaap="http://fasb.org/us-gaap/2022"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="cdzi-20230202.xsd" xlink:type="simple"/>
    <context id="From2023-02-02to2023-02-02">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000727273</identifier>
        </entity>
        <period>
            <startDate>2023-02-02</startDate>
            <endDate>2023-02-02</endDate>
        </period>
    </context>
    <context id="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000727273</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CDZI:CommonStockParValue0.01PerShareMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-02-02</startDate>
            <endDate>2023-02-02</endDate>
        </period>
    </context>
    <context id="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000727273</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CDZI:DepositaryShareseachRepresentingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-02-02</startDate>
            <endDate>2023-02-02</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="From2023-02-02to2023-02-02">0000727273</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="From2023-02-02to2023-02-02">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="From2023-02-02to2023-02-02">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2023-02-02to2023-02-02">2023-02-02</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="From2023-02-02to2023-02-02">CADIZ INC.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="From2023-02-02to2023-02-02">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2023-02-02to2023-02-02">0-12114</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="From2023-02-02to2023-02-02">77-0313235</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="From2023-02-02to2023-02-02">550 S. Hope Street</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2 contextRef="From2023-02-02to2023-02-02">Suite 2850</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown contextRef="From2023-02-02to2023-02-02">Los Angeles</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="From2023-02-02to2023-02-02">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="From2023-02-02to2023-02-02">90071</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="From2023-02-02to2023-02-02">(213)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="From2023-02-02to2023-02-02">271-1600</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="From2023-02-02to2023-02-02">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="From2023-02-02to2023-02-02">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="From2023-02-02to2023-02-02">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="From2023-02-02to2023-02-02">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember">Common Stock, par value $0.01 per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember">CDZI</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-02-022023-02-02_custom_CommonStockParValue0.01PerShareMember">NASDAQ</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember">Depositary Shares</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember">CDZIP</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-02-022023-02-02_custom_DepositaryShareseachRepresentingMember">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="From2023-02-02to2023-02-02">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>10
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
M6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$
MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7<K_WUE[O)I#-ZG7TZSFN4
M?VFK :?MNYO/D_QSZ.2?IY/734+.<+PL"?'[(UMAAR=N.Q-R.AQG0GS/]O:1
MI24RS^_Y"NM./&<?5I:P7<_/Y)Z,<B.[W?98??9/1VXCUZG LR+7E$8D19_(
M+;KD$3BU20TR$S\(G8:8:E < J0),9:AAOBTQJP1X!-]M[X(R-^-B/>K;YH]
M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&M
MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZ<TT#PE"\D^DJ1CVFS(Z=T)LWH
M,QK!1J\;=8=HTCQZ_@7YG#4*')$;'0)G&[-&(81IN_ >KR2.FJW"$2M"/F(9
M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+
MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T
M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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MP.=+I>S;CGN^4SR>&_P/4$L#!!0    ( /> 2%;@]#J)J@(  # ,   -
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M  <,2=/^/7CW/DK&]U1R^8^P^0E02P,$%     @ ]X!(5I>*NQS     $P(
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M_S!YU!Y:YU;*O8=7LN48<?R>Y0]02P,$%     @ ]X!(5B0>FZ*M    ^ $
M !H   !X;"]?<F5L<R]W;W)K8F]O:RYX;6PN<F5L<[61/0Z#, R%KQ+E #50
MJ4,%3%U8*RX0!?,C$A+%K@JW+X4!D#IT8;*>+7_OR4Z?:!1W;J"V\R1&:P;*
M9,OL[P"D6[2*+L[C,$]J%ZSB688&O-*]:A"2*+I!V#-DGNZ9HIP\_D-T==UI
M?#C]LCCP#S"\7>BI160I2A4:Y$S":+8VP5+BRTR6HJ@R&8HJEG!:(.+)(&UI
M5GVP3TZTYWD7-_=%KLWC":[?#'!X=/X!4$L#!!0    ( /> 2%9ED'F2&0$
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M;W!S+V%P<"YX;6Q02P$"% ,4    " #W@$A6AF)MW^\    K @  $0
M        @ &O    9&]C4')O<',O8V]R92YX;6Q02P$"% ,4    " #W@$A6
MF5R<(Q &  "<)P  $P              @ '- 0  >&PO=&AE;64O=&AE;64Q
M+GAM;%!+ 0(4 Q0    ( /> 2%:ZFF$5H 0  *H3   8              "
M@0X(  !X;"]W;W)K<VAE971S+W-H965T,2YX;6Q02P$"% ,4    " #W@$A6
MX/0ZB:H"   P#   #0              @ 'D#   >&PO<W1Y;&5S+GAM;%!+
M 0(4 Q0    ( /> 2%:7BKL<P    !,"   +              "  ;D/  !?
M<F5L<R\N<F5L<U!+ 0(4 Q0    ( /> 2%:JQ"(6,P$  "("   /
M      "  :(0  !X;"]W;W)K8F]O:RYX;6Q02P$"% ,4    " #W@$A6)!Z;
MHJT   #X 0  &@              @ $"$@  >&PO7W)E;',O=V]R:V)O;VLN
M>&UL+G)E;'-02P$"% ,4    " #W@$A699!YDAD!  #/ P  $P
M    @ 'G$@  6T-O;G1E;G1?5'EP97-=+GAM;%!+!08     "0 ) #X"   Q
%%      !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.22.4</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>3</ContextCount>
  <ElementCount>23</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>2</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="ea172927-8k_cadiz.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://cadizinc.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="ea172927-8k_cadiz.htm">ea172927-8k_cadiz.htm</File>
    <File>cdzi-20230202.xsd</File>
    <File>cdzi-20230202_def.xml</File>
    <File>cdzi-20230202_lab.xml</File>
    <File>cdzi-20230202_pre.xml</File>
    <File>ea172927ex10-1_cadiz.htm</File>
    <File>ea172927ex10-2_cadiz.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="26">http://xbrl.sec.gov/dei/2022</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>15
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "ea172927-8k_cadiz.htm": {
   "axisCustom": 0,
   "axisStandard": 1,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2022": 26
   },
   "contextCount": 3,
   "dts": {
    "definitionLink": {
     "local": [
      "cdzi-20230202_def.xml"
     ]
    },
    "inline": {
     "local": [
      "ea172927-8k_cadiz.htm"
     ]
    },
    "labelLink": {
     "local": [
      "cdzi-20230202_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "cdzi-20230202_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "cdzi-20230202.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd",
      "https://xbrl.fasb.org/srt/2022/elts/srt-roles-2022.xsd",
      "https://xbrl.fasb.org/srt/2022/elts/srt-types-2022.xsd",
      "https://xbrl.fasb.org/srt/2022q3/srt-sup-2022q3.xsd",
      "https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd",
      "https://xbrl.fasb.org/us-gaap/2022/elts/us-roles-2022.xsd",
      "https://xbrl.fasb.org/us-gaap/2022/elts/us-types-2022.xsd",
      "https://xbrl.fasb.org/us-gaap/2022q3/us-gaap-sup-2022q3.xsd",
      "https://xbrl.sec.gov/country/2022/country-2022.xsd",
      "https://xbrl.sec.gov/dei/2022/dei-2022.xsd"
     ]
    }
   },
   "elementCount": 65,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2022": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 23,
   "memberCustom": 2,
   "memberStandard": 0,
   "nsprefix": "CDZI",
   "nsuri": "http://cadizinc.com/20230202",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "ea172927-8k_cadiz.htm",
      "contextRef": "From2023-02-02to2023-02-02",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "menuCat": "Cover",
     "order": "1",
     "role": "http://cadizinc.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "ea172927-8k_cadiz.htm",
      "contextRef": "From2023-02-02to2023-02-02",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 2,
   "tag": {
    "CDZI_CommonStockParValue0.01PerShareMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Stock, par value $0.01 per share"
       }
      }
     },
     "localname": "CommonStockParValue0.01PerShareMember",
     "nsuri": "http://cadizinc.com/20230202",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "CDZI_DepositaryShareseachRepresentingMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Depositary Shares\u00a0(each representing a"
       }
      }
     },
     "localname": "DepositaryShareseachRepresentingMember",
     "nsuri": "http://cadizinc.com/20230202",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r19"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "trueItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r9"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [],
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Line Items]"
       }
      }
     },
     "localname": "StatementLineItems",
     "nsuri": "http://fasb.org/us-gaap/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Table]"
       }
      }
     },
     "localname": "StatementTable",
     "nsuri": "http://fasb.org/us-gaap/2022",
     "presentation": [
      "http://cadizinc.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r10": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r11": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r12": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r13": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r14": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r15": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r16": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r19": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r9": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  }
 },
 "version": "2.2"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>16
<FILENAME>0001213900-23-009282-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001213900-23-009282-xbrl.zip
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M%-!P<@=%2X1_LNN1'8W^?T-K>7D&X/ _4$L#!!0    ( /> 2%:VW7JU_ @
M ')H   5    8V1Z:2TR,#(S,#(P,E]D968N>&ULU5U=4^NV%GV_,_<_^.8^
MAWQ0VAYZ:(<3H)/IZ8%+Z.EM7QC%5A(-BI219$CZZROY(]B)MNU0$!8/X#A[
M2VNO)4O:EFP^_K1>TN 1"TDX.^L,COJ= +.01X3-SSJ_3;KGD]%XW FD0BQ"
ME#-\UF&\\]./__Y7H'\^_J?;#:X(IM%I<,'#[IC-^ _!%[3$I\'/F&&!%!<_
M!%\1C<T9?D4H%L&(+U<4*ZR_2"L^#4Z.!M]-@VZW0;E?,8NX^.UVO"UWH=1*
MGO9Z3T]/1XP_HB<N'N11R)?-"IPHI&*Y+:V_[F<_J?M'2MC#J?DU11('FB\F
M3]>2G'5,O5FU3\='7,Q[PWY_T/O_KY\GX0(O49<PPUN(.[F7*<7F-_CPX4,O
M^38WW;-<3P7-ZSCNY7"V)>MO([5U*!J?]-(OBZ:DHN@":$E.91+)9QXBE;20
M6D0!:&$^=7.SKCG5'0R[QX.CM8PZN4X)V8)3?(MG@?FKA=[6&J*(_$58:+3M
MF2][(Z[;KD::N"T$GIUUPN@OHDL?'O?U+U/V?TM&:K/2;5@2TP0[0:]4+Q)A
M7K7-N%@+$&5.M@GO)*E\H8L083S%W8@L,3/-O1-D%15CVY9"F.IITUYFT[,6
M\/:XMY5U([Y$Y$#0^]X.$"<U=9=X.35R'P2W[/KV6!&EAR%,'-X>%^/J_%!H
MN8_3-HEG**;JQ8TR=R]CUJ<)(Z:C^ZP_EG#CM=+C#HYRY*; IOV2(LH89Z/*
M(.B:(2C66)0^3"TS&#D0RL-2[=3TOUSLTR;S>&=(3I.@8]F=([32! Z'/4R5
MS,^8/C'M#[,3]V;@PP:&CA:/]:',*Z!HBFE2[7UF;+/MO2_J.S1];DD5B#.[
M7;3/8I^+''?64AI>CFGS/ TY4[IY7-*D-MW$\=P<Y,AF@B]KJ<QHXY41%+G5
M0#H!%Q$6>M;6?\9"N<3164>)V!*R8X%&%$EY/9LH'CZ<KTF3UK7O\JJR6<?2
M.IG*[ ,20;%:U'HO78H0+[)1&1+$9ONJ2NQ/$.ID !GFM<@A*89]/[6X'UB
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M'JHG5[7NK=;JL"A R0JI]\?>3H"Z^@?]77;>_#+_]46?^1M02P,$%     @
M]X!(5L#;K6?\"P  [X\  !4   !C9'II+3(P,C,P,C R7VQA8BYX;6S-G>]O
MV[@9Q]\/V/_ ^8;A!M1Q[& W-&WOD#K)P;A<DM5I;[MB*&B)=H3(HD')B;._
M?B3UPQ+)1Y+3'LF^2!WI^U!?BI^0E"P^>OO3;AVC1\+2B";O!N.CXP$B24##
M*%F]&WR<#\_FT]EL@-(,)R&.:4+>#1(Z^.G'/_\)\7]O_S(<HLN(Q.$I.J?!
M<)8LZ1MTC=?D%/U,$L)P1MD;] G'6[&%7D8Q86A*UYN89(3OR ]\BOYQ-/[G
M @V'/<K]1)*0LH\?9E6Y]UFV24]'HZ>GIZ.$/N(GRA[2HX"N^Q4XSW"V3:O2
MCG?'Q;\\_&T<)0^GXL<"IP3Q\Y6DI[LT>C<0QRT.^W1R1-EJ-#D^'H_^_>O5
M/+@G:SR,$G'> C(HHT0IIKCQZ]>O1W)O*=64NP6+RV.<C$H[5<E\;]2BKSE)
MH]-4VKNB <YDLW<>!H$*\=NPE W%IN%X,CP9'^W2<%">?'D&&8W)![)$LIJG
MV?.&HY1&@H1!L>V>D:793,S82,2/$K+"&0G%@5Z+ XU_$ ?ZKMA\A1<D'B"A
MY'R ]7K=**L(&MDV>TM81,.+Y&6NU6A']OG?#LN^H@+U>.M5N*,9CE]DOAYI
MW?8U>=D9W\?9/].\GR<O.].UR#_$=J9;/OCTFL]K+#9>\4\-BV27\0&,A*5)
M441+#RR/( >&HNRJ=!HTRHU%;TZ97G<Q,LHRESA=R(*WZ7"%\88?8#(9D3A+
MRRU#L46>A&+#%S$VDC5)LFF,T_1F.<]H\'"VB]+R.+*2[P8]]".U B+RC)6U
MP"SH.!6%8A10/I!MLF&<G_0\?,GHNI>-XIS1'N(O\:(J/S_)W )0D8:,D91N
M64 .:N-Z;?J>U<+A.N818L)&DN''^>!'*4-TB:00?1;2_[X=[8M^"4M!^+](
M ')RS'](2*;GO\^^\,G<FB;R0+>8R3G4\='QF'?O\WO,R*]DO2!,J=<A@3:P
M.;PB@I_^4<Y!.MBJ1I2,S7EZA3:8H4<1C_XJ2D ;/JE/11E_$&/G9$/3B$\5
MGJ73E.#@_@/9B$])QJ]48,CZ1EJC[+"J5)CU"_.#LX.\JJ#M@U$>_;?OQC\<
MO_E>%()8K12$OQ:V;S<XWN'%?M8!]=V%R,DPV#!H'/NDPCD_K;945"H1^BQE
M7SW"?3L@^*R/S/C'SFE23>@$#,VH$8Y*Y1\@JK462(042>VW)24EP=&*/HY"
M$N60\ ][-O@O7\YIL)4T\Q*5"NF[;7  F1*MK^YSWN: (6WD*"1(:"PW\!D_
M<"@.?AGCE<&^LM]6$QMME6W<V.E%(YL<J:U<:9 0N6KF<Y(&+-J(NZ=M]6C(
MK#>ZP:36]C6-7PCHQF 2:EI''?L'LHK2C,G;Z=6(T]*- 7K;77^K;74L,(J]
M@*:/0W"TJ >A*LH11V=)LL4QOUBBK V?ILPV-2:3*BQUC5>,&(R!:.1:E(L=
M$?&O+6898?%S)Q2:TC87@%45#47F%1UF;R @E=PM(W<,)VDD.K!.2'2I]<L-
MP*QVZ:'HO.($, =?DE1ZMZ3,[TD<B\<O<-+=H9C$MFF!#:N\Z$JOB 'M@<S(
M"%2$^(/-Q:.8G?-I4L_*UO0NX=%LM_%3B;U%2'78DR(9AD2<(Y)J3WUT,*0I
M;=,#6%6Y461>$6/V!K*2RY'4NX?D(@E[(5+IW "BV#3C48@\A*/IK L-KG8)
MQF64!CC.O5SR;>K7*QU:VX" =E5(-*%7H$#N0%CR@)(9&>(4F/\0S/KA4E.Z
M@46S:D:EDGD(BNJM"Q.A=P+)=,M8PS4\XL!26YATF2TY@71>@-)A3GOH*)<W
M0'$T ETD690]B^4+UUO#LT9FB2TV(',E$^I^+U@ 3*D,Y#(D="@7.FGY\EN"
M)!-K1L#JJ#*[!)A--BEH:CPBP6@,H&&OE4MXG! QY3T3P_$L"<GN%_(,UDO3
MV64"L-F$0A%Y1(79&8!%(492C;C<"1BW+%J+9Q^CH&.HT(5VT8",-ME051[!
M 5@#Z"C4:#Z;NAQ)[O!N%G)0HV64+[_KH 34VX6EPW:3&4#L$3KM#@&">!!J
M1KD$:98$E&UH[7&'*=WR#O!Y2D-XAM(191>J7E5HHM4:XA%@?7P"F#5"7^7/
MI" JEDW+ I HP0EQ9V'(3U1:_'<5)60,UM^HM4M7B]TF4P:A1R3![@!^"N6K
M\@,2,>@F\06:R0%5G;B'9M(7FHG7T$Q> LW=$_4$FI,#JGKB'IJ3OM"<> W-
MR8N@X0WOM*^9\H\W[(X^F1[.!I5.D-&M&H'9R_S#1?/6!8L($/,9$>(2$SFQ
MNF&WC#Y&20!/F2&Y$V  TT9J%*U_Z)@-=O%338C+.*=]33XI[_PC*65N>IFF
M27,7DVO\@Z1IK+-SR=4ND;BE:8;CWZ--ZX6X6>P$#Z-A(R0-I7^HF.QU 9/'
M(![DXL*ZP%5\H6%<2J;LM_9ML\E6]15S?:<7$)@<Z1DL\KLGN<AV,PM&&<%
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MLC0Z"<'W0/Z!R[NDUJ>P96CK:VU4M>28NEX0;?X-91YVBCX#)QA\(4)MV[%
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M%%9C+RRJ*1Z?1D_5IROE:*"^LZ9(L!A:+R;7E\0\4==]Z4/^CER99 !)*S6
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M4*PB;2RVL:6FB6"Q[+6^P'J8;F@R @YA@Z_W\>/>QXOXD>]T&> 6:7H*^]Z
M/$VW.J =6XT/Y:I7>DX:K(F=X/G;](>1 PS5(MJLXNOBS,%;!\/5&NQWPRHK
M?4*AL/A/B1%C\5?VEO.1]T"?B3%OD\[A.P9!!4ED$N%AGL61RKH=?!@=[[R?
M\7Q?Z&%.E(JV_^W#IB?*.SU^):5K1D+*;F=)6HJZ*B3UEJ.HN"J-FF!\EAC/
MGTOK94B-SZ,1H,+30G=O4;)7'%X+T?V6R=VV((]5G'[W]S]Q0;Y<=%HMK&P=
MJK$/=IK1KN0SGM[#:TG(T]^AVRH-)'&5!&JN8P!PX+=RV@KSV2UY*CNOO ^D
MK^:_X3 D\?@5NCE+_/E[I;$L3I-F@?JB3.Z001/@E7<QF\(\!YD_BH)7WGM_
MHIA(P( P]9U*(HN^"W]9I22;E==0OR2F]6+QF!:%.P,30I@?IM8N-1")%$NV
MSK7VV@ 3<Q4_FM%Q^9R&0SRTSC/.V7%^UL]!O2[VN=*4@A ]4E)UY&SA8"UK
M%E3^>$>PECR:+=.IU/[734Z=V\TU-C(:G!*7*?M>#D<#.?QU05JWPUJ^5-'G
M6F6OT6I>.8_8X&U*O.A0\%Q_#!+**FAM#S)NM%9SH.Y(74>R'_.N_W6)I)42
M#R]T]>:OO&/X^S*34./0+9B;6\LP\<65:9.(L1B3E.\-?Q/U>D\A!$26)E$
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MJA%Y?5P\XN/BY<+'Q3O8CBJ._42EY?PSP3)NSHY^*C&V*H\!FQ!OI>MD!$G
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M#\1@"TMU!N*FTT_3[BG1[*M9Z_FBER)8:J;RPCOS"\787*?":^A:689HO_Y
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MQ1QS3$()(^Y;>IJI0(6$8[ 8>:LU?P].ZG4%UG>LP-KK>X.CH^.S=X.+XS]
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MY$*"^K7L2SA\M6>YE\C#<&-O?);+J*VSS('-3@,SRX#"W.Z&VS^CUIPIK@;
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MCW[[F .<430A55(EZ1%BK\-C&ZC!*)I 2)GVTF3>=_O9]]K T T+?GNIV>>
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ME] 9,XC-WKJ8"^4DA?LSG]&+>Z)L@WB^<4E9YEIQD??U.M;GS&T5GQP\?VZ
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M3+%U4#8<;EH2\JM8+' 4LI!F-B(8#KQN\/VJ6TD8VV/&)8*>C'[6!AA6-G!
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MBY+MH$FNA#8D8E%EY<D =HY5857+!O-IR)'$$MOD4EQQ4J M4A(5'48NI68
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M3R=+9+$Q/52J&^>G/7ZIF5PC?;C^I<;W:\L9(SU;K\22&7YGSO5*NGJZG-P
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M'(/^ME[A:L9*"JTZ)U8@\K!;6'I2S*G5VPO(.S!"L*9&"BST2J0%3@=AMF/
MWM^K=3B>-H6K$6:HJI'C:9(C;&:D3#3%7$DIN-GDDCDW#L",HV]Z*GG6ZIW/
MDO?H>NSO^5J82ZH9G6?SL=0WZ745LO6*$D)/F?ME]*"WGL$6,#'4/"K3I=X
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MH!RS9#E'><RO9>/H1BJ>D>($:QJ0'4X<2".E@(VBSC?6TCH.XG_"+JA_&FK
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M1XX ^+"LU-3RJ?+I3/*>KH<IS8"#W_+!G9&GEZJ>K>L4WY6D]D+-2L3.A4C
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M=R-R>L5=\<?)GMYA0U7V]+FZ1>\.?EIKGGZUYJDZOH)WOY4&:ENT'%E.U*8
MC:"&4X:V[J]C5I 9262XKJ_\TX-12'U."JF'!5 L9BF45]W&E-L'K#<<;'6]
MQ/-MLD3VW'HY=S\R0QI0%Q#YD=RBR&OK3C+G/%3$FIYSG,TV1(B0'IHA9,<
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MH,(, LP <3,S6 (2O4*3)R7=*)'I/*4E, 2=^SSPPYBJZ<!4L1XB9_M/EPG
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M+]RJQ#O@04RM3PAL;M ETJX4\@Q4P>:2PG'8G%G&X#2<6JTQ2] 7]>$OP[%
MY#'J9' %4%;-ZRL+0CSJ#$L>&2:B)>/(-(^KT=/0Y?4G,13J!/PO9[1-LQR]
M7]<RU+?C)6S9D:2O$L3#9LV8NK!&73NY-1_&0OG4/@,"W$\2!>58G,?D0YG^
MM$] 0ZX?8F1MJ>M!B< (V>L3=8',3=*N2=K< "#2PYB"67L*PH.N-63.Y)(C
MS=2MA #@*W'.PDIMXD=MLP[V'C5#DG\OKT_]/8S)FH=J"V@NG$$AF#=R!"B+
M!RC;)8=%CD$87ZYHN9':=B-5 )QX/@_:/'20E\-/-*Q4GIJ0"6]@]2A#J\?K
M^-<9,A)/&A>4<T0G5-CY%I:$Z^9)Y3S,:"N!4OHI9@)$T#2HRC0D<"0KY[F.
M6F\>/8PU5-QD#1WE$!_,J\1.E/ZN-7 /8]S*F^Z]G[/Y0A:K'[V/Y;[;+_BW
M!SE\B_8]XT9KYLZ5F8I1SOFNIL"V_FT@SVTB%.!*@/. I!F4YD SK.W;&0-3
M\B=+8+OUE]%MT:S,G 31FA)*G3\WR.U!O3DG-KFD.$6U!HV'S$IT2B(MJ#!F
M'Z^KE# 98_X!0^#881D52]X';\?$+4M.#P$- @99SMK:1&J0OA7N[+[\K2\7
M$9D8UAU,<S>064$$SAA<YS_TF__8(Z$L\R6OX4M!J[($ 1TA/T\,'9;6_@\)
MDQH/ IU#T#A<1^R#B/WSQ^N(_:MUQ/Y/&+'_;[TR* U*X/*L*:=8)#U."HL_
MF.%=@'@U12VXSP.E71V(;,'W#'Z&/UQ6_C@300%\& <86/X8G\(-,;^'*$.F
MZ!*@JYFU,>PVL]I7Y&JX)4EZ$9LEK'N^RI5>*;]&BIQUDMVMEJIC8+08U)'Y
M&5B/E)6]9R;P&^JE!!7.L&*&'LG!GC DC%#*#/E(N'P!O5:\]NPG:VW1@*T#
M!DXK.<2)CZ$5%3-=JZ<5Q3IG6VE#::&XFSW"FUR2/D#.TZ&U;W?;UGH,)($0
M7\)Q;K)#".UB>F6&J(<W7BV>$84;//M8;XY(<DTDL5=W/$\?FP7VDIV'$YNM
M/<X+2J<J=-QI!H(JW28@;'?N_"3!@Q%6[*_[^_U,[>IA^Q.0E;G=[PB(Q&2W
M0'ZGA?02_53I[LO0$%^?;V[BFC"MA0M;4B:TII5P#7!U&):F?%>5P06D+ T\
M\E;H-*DJYZ;P)$I)%SP"R\G*,AVJ]<&;4.?A&D]-N+YJ3GW1Q-+CC7."G__B
M]C^,Q;!L7W829V.G<EED205.G6$'[BG@4@C$3:J]VB5Y]AOVA-W<Z*2_Y(1]
M,"4QY^WY:5<\IQ@IGU)(W8<HB29*B!G+=NWS$ZU])M%9KGG&I*;40NOER<$1
M(7OQ)<^YW,V>OQRC)EHK/;K"#J'H[S4W;GWUE0OK82O%A"CEQ"F*(A02W*^@
M6SXC%X!/$A4M,F0P?(DP0C(T4+ZJ1*@[]<':^!:+[9I7])<##9+ZDRA/'0[]
M$QKW%N%_? UM6-1E#>N"(:_@#8M)_;A#A85&Z6#Y44D"8(R[,(=9TR=V$??_
M.CJ&$)LF)PXY7DN4NJJ,L;D1/J:CF#'T&&E=2];C2 /$7E:D)>Z$70PR;),9
M$+X"75,RBJ.M,?PGA?^ 7L?6*?SG#/[SVPAY^A<C/4.Z4_QG7^I?6/GV%+KZ
MHSM2$E8&V3^#N_]6=7 ','=D6V)B/ZM.@40/K L(6B4"CTOFR>S4_4<=P%GN
M9C?%97R1(RT._#;-:U249HF.:,LO:8P^\Y?XH?1I-*9'M/S?8MEH)GIU%/LU
MA*DL/6/K[S  HE%H$1 Y2X0K#I3\6%NDHQ(6!2)A;KD\=Q/H1H\)50D@B&<Z
M<!+>='1,&TBITOASEDDHGV.DI '_@/"+I_DY*L8C83:3<<%!4I0*J'%OZX!L
M3&R718XIV#S.1!#$/?6AE1VB;V"""RTX:S_9 DP\SK)WM_0+"*.PX@[N%UWT
M#CP2?89E=<ZSB8+NZUA[&&O?>?"Q]MW'ZUC[GS#6/K[J!#%HR]91T8N&#;]Q
M]0'2/C#H;/(/8QHB?1IY"U.5-+K4B %=4^VS;13\]' <T,DMYM/9++.8IF@*
M%[UFRST,++VYA<)^&"\.?1%6,( "YF!3:%&TYN\!43H\ Z/LK6<08?TH-/=N
M8]S^(KI=>QBC_XB1-.]Y/(CE[PTB' 2W =PH,#?K/,L:6;!-()5A=1WOTW#\
M8Q8>O]8 \1.ROL,<C%U%-[+(R85':2^@WW+>!_S-8UC\ ^^_LW_8&.<A>DP(
MA2 (-R'X3FML/,C%+=EIDL-177UR?Z0R6, ]&DQ[FD$&&F$\G+L9ETF%.$E5
M X(?]I,T_QTN07#1 '[.^K<MG<\0F$\M,=J?7J&!CO#CS!U:18TPI_>D.-2M
MHZ-O72K^TG6+/+Y[Q5W^T<O KX.B; #M17741?1B]W]J;?,M%L<BR94ZUX^U
M45B!ATZ2^@PVY#[\[X$[X]P:PE0/S;K;]'SW9]D OS9<['M3R >"+,=]FU%_
M\*2=&WHW8,8V\\ EB$G4NK>%3?UC4SH?#4U@F9V'D:#R_H3E1$-K'BZ<O("[
MH[RR=$YY!JZCKK?)R@NHT<'+!_]1NW> %\>"J"-6-QUM;L!5OY@KN:2;R#29
M)U@U5HXA?8TQOK(JH,H@%NYW.#=ARK'TP3U_R5A-][_3Y0QH3T"CR>UGE!*.
M"84*;:,? V8^))Q9I[8#9Z6S6(:.KH<Q,&GHQ:7VD*G48R. 1@N;@X<[(J-O
M0!<?!4FX'FY6.N3\%U0Y.*1Y#1Y/?*^/!OE>V\]\&%.:A88@XQQT)A65&-XG
M/*4#T,'L\P1S(*286W7T,O0:YV,P/+7T'-(#UV@/JU" U'>!_:8626L%=9B$
M88H]A]B_/5$2QS9I3)0B#H'=CXS,EC W_C"6Q[1=O'Y>SI8%$/5@56G,MQ3F
MD3)#Y3!]8)6CI\/C!#"H;%ZP<5!G^>]<EMLDG]"&&$.!&D@IUIY.B&)4TR@#
M)ZJ FF_ XP9!,-%IG^:UL,16%#+0K;:YL:1GWO5DK&K^X\DZ_[&SSG_(0'_7
M$].<)O-\=OG]U<^^H4;B'1T^7]SHK;,11,"/F9T-BG"32^^#*,3I/"^A3"U,
MTN\B]HL3Z0@YL6G^&SS@N7G JHW<:DXW^)D(<05P)@,K"1Z'8*JJ1*W;'D#&
MD_54W?-4_<93%=KC[5Q8VRSW7E>_NH;Q>GP0 _\R]" 0-H:\)CT1HQI@66,S
MQG#?F4SJZ)L8Y3O&*$_S\SQ=0D:/5?J<R;Y[M<F.O4&3:!9=9DGEX:?MK.M*
M+8C57,6?1K<-$DA!-(>0/U2EKQ%FL94+YN70*B3^?0[?GF24O9]PP).+!Y +
M I^$=5#&/365U^*.NI<!/U,!.JD8A,"W:,-!YT43T5KQZROKY4U*<V:*HYV#
M#<]2_0:$G;K!SS([-NZGK8L1B[+"UWM*D0:&U7U8)#E*(\@;4E=L;J@D3Z]>
M=72=7'6T!6%#>-??9BE4._[]S0\_\2/__N]O?OA;A;\%9.CGD7 EU1S$5ZTF
MMZ=3&2,Z&I ,D'^N^56 "##MX101- 6O,>',<7N^JAL/(D<LZY8IXR#*"+CL
M!H"'4'B%%]T(8+[!G!/V4*)8-B<R.(.NZY>^Z^2K 9:V72T6!L/X\[$7+N\,
M6O158T9DVI)N;AV,2N9..;H(*DM)2 FYL2%R5M5G^2(@D;K9@N8]\+L.B5]+
MV!:ZS;AG["HC (/"TG!IN,T P6P">&COW'L6>8&?!ZB&*=9O%_E39$JXUDC5
M#5.(BDHTTQ(T!03<<!%0F'%<GF?;*W84_T'W!X-)OKC9SLW@EO_Z@W=3W&E.
M?@J"K+>CM]EDEE!,99%<LCV#Q8-0@!03!S.#4!;LX< 2H)IEK#K%:F:W%M'6
MX:U.Z@-U7GQB53@FA"B267E:+D%-PQVN\+$X.!,@.Y-F\P6M8B#!3FHX5N'W
M#>,YS.."X"@IEX;IND[12"!V@HAMKW-B.*C"CJO!Z 9QO!3D6R!F *_/<OY<
M?]&$O!@BOYP*\5PA5./;YF*WJ*NM23F;P7%[GL'3_.W1]4'K\")AU1:\]65R
M:YA-W*Y<WXGQZ/D<SO):AJ[Q,FUS#+C)_4G/X"N^Y_VH&-%*/Y06(!:P;]K9
MH;PZ8ALV-^ 8@K(+7D.X! 1T *?8TCVW/DLJJ@[:Q^9+GK9V=S9RM9C;&PP.
MO+@A9@&2@\A%6<=]P7A_H+F3*_D<!6VQK/N85,8)[8YMJ ;_0<Y";B.<HV^)
M&P!&Z!@LL$53W\/Y^!!/P^=Z&OI8"QV"!F>7I.=TW(#<<6QJUB!_Z68N=_:;
M6]L7R66HSFABRR.R5^@40A-9S@PHA"@KCPGI'%?.=F&5.)!5!GLE<S8$$1$9
MDHMQ8^DC^ CVJNQ1(-:5^%S0LLCUQ&Z=;;D//^4%.HR7LO.W GR=<QA+/!_]
M^1,,9\^YLW)K934=Q@20$$'I*.N+T+*]$;?(2O5X-:=I[*;)[!BU!N RZ$%&
MK%3G5G-&)B-F%A>I>SL];,@85Q/)B7M1%ZKG.>@G0[7T:P2 K]88_:$3>Y-D
MY--U,O+).AGY5UOY7WRDI=U+QH*(V\+OP_0.7O@D$]+[E1J)U9R^K#5]' I@
M@USY1SI,9/P!#GY'88%69:J^,3(N)=_D7&#-';/[>T>=><;ZQ>5-'JS/@>XG
M7QM9MG'6D/$]O<B8$ W8/?M8SZ;=GI*7$W;5BN0$A>Y<6@C7-<)W.RU(6& ,
MD,E5QE9R!VL)832X]K>6!>+^F>R$/T[5,N.LEWQ=$PNC55N7J[F9IFXS75UO
M1_V*N&-V,7P;JI_G0O5#?K5UTBK/_"/$"H-D_)YV'SSR[L)%09JY6V7TLUNS
MZ.0'VPO2 B#/$E+[8YAJEA-?)?/,$'U)!"C&MCA3("#5IIQ'D0[=?X<VKL!%
M0CR8FQLLT1"A0L,ZL7Q/^^%T!,5B$F2OJ>BO$X3$J+Z&5MN1R_:D[X=E9&\S
MR&/1F2L4=*U'K)- ]Q3V?'&3L\^=5T8DHJ;(NZD2HUQ1BVJGL;(2(23&IW,(
MA*/0&\4/& A#S-SI<"<RL@K+UK+J/ ?"55Y FGV:LH)/D9RRS$22GN=U23>_
M\ A.,Q@&)8+5O@0JN^Y(9<8\"Y ?17RK0^VQ3V8GG.K.B::^[VX7)(.]'3A+
M<H/B* ZRNJ,X.X?-9?,BGB,>F8RABI1@/2:;2T<O5#3!TY#>F'Y?#CV71B%O
MV&(IQ\ ?3S5N& RA[R?57-/;LZPX;5H#PN8>VV1!34CA!Q[#SE!,UAY1_+ [
M=NH:QF6*%4)0V@HI=](M1M/3YL;0?!/<-_Q16*5O?C#Y VC%MO3*GD0O;W02
M<;^< 05E_K3&CP0RUW\0&<I0O^%Y-1)D@D%U*S=H]S'77 ?P%:U4$1489@Z8
M^DSO-!I41J.SPET4I.A0$O=4B<QEP+9G8#"6EM(S8)6!-PB8F\!3DQ,)5"K*
M.?/'>P4)<&VKC%_(F3__%GDHG=NJ32>6K07@51FRUYD3RGNJTM@[-GB^?A97
M]EQY=4,+!Z)>FQL^[-5[EH2A,:7"<Y8 /:<=.LL"<NO2>?<IE70YBR!'MPT4
M!FNOE-(36S&A"]@+C*C,/CNC',J=\.H?W^3]6.64,OLF^EH(%H%L-'#^S< N
MLD:88-&<0X!AH"UD]ICFGPE%.IV5"7J_%46,\*^@V!;\@8(CM.'"/X19\3:F
MS"HJ/AIG"14-.E-A[.R%AM$SZCV&_$*=@5O?YO>]ZW8>W^XZ9VI/I"S^D3#F
M[H3-RY3WX0?BHR4NZ@""G@0'/@'3W"_3)) H>.LL2. 2IO<^W<& )RWSI$>M
M<YXU9R61JC#?"MH(].;_7CKCV!W_]^^D/MSEM*/G]#LL@S@'X#DA;O>)2;=S
M7O>P#0.5*D:__?E')J+&ZM#DD'J=FHA@Y_ O#+;)V>-A@Q3I)4+D?M[COG8H
M)3!Z:R: 'IH-B)2O TQB1$7V 3!1-$6 8M:O>+V3>J*1Z&KZ'+7!T^M-$@Q+
M'9V"EG4A#GQ "][CZ6YN:"6!4  2$0:+B^#H<LC=\WLPUPU*!HR#*6(MZ,9(
M: N?O5+8V#8!/'["=3XM#;YHBR7)A%<'W^_K(JY6T&RCWENZDLCA#+<8(AXY
MAKNYH7(-=93/@5T/S<BCY +IGJ.),\[<LJ\NO0H:YN1(1B-6>3CWSUD^R0K\
M%\FR4-F0GR:87)I8J;ZH?7.DZI[0_51VY#65&7>.<6:JA^;A%A4&B4#[OV2Z
M,+RH*\<BIJ/6QO+QW8![S/AB?7FIN),.\D^\2(0FWM@X%JYJ4D/10&:H15-(
M@CA<.0403^71Z%9\\8YM<6+F7)'0>$D<PTYOFK"^/.[O\GBBE\>^L*X?^TUA
M%\!; ^+^JAL%,HMNIZ*ECC(&)+&!Q[J>#JA<U7.QM(@SK;_L7JP'.^9O^N#5
M(:ZX%_;>DJ:" QMRDI>QA?J'Q_P%'I+Q($X[;'7@W9I[!1L-\%EBTR>WNF;P
MJUQ@(3@A[O"+WH",%J*)$[D!I<#,[%M#7MI^M+1BZ-GJ]FDAIIGBNC7')DM(
MX5]8,5)E$Q%)EK]Q[1>-E(B1YFW?U[E\W=PL,[A9B/]JZ.%=?RL0*N-G2;R4
M R=M.TE#,VTWLX^ZIL6;=A6Y+(9FPQ4K98P^<M+GW:W*F?0''Z4W@<P]6T/F
MGJXA<W_%U?\5AL13-22.(">'A]$;SL^Q$,N*=6HU00I0S/#/GH"A38EF8>36
M2*ATZ_":LZI<GIZUC*_@GF_.@!5=GI+52FY/SHQG9&7_NJV7!*F$K #5\_0:
MN%!IE+R#4F.NWR?1E#5"XK[*,?H6V@U(#F.>;JH(\ L0 OCY>0X?P#@1"P>1
M"Y!S*==%82JVF-,=%AJ*K<)"Y(? YU6*DX,2+7EA,'9GV6DR\RJUJ/8#B?R$
M')8_TI1:R57U#:Z29WJ5[+E=GZ(YCV;V^^HT*?+?$Q:[4UN?O%'\,(2$%HM9
M6.Z,$;AYF>;3RV@K(*6(+A+D\PX3+AZ-1]! #5$!N1W\<:@A'9_TBG3+JDS(
MZJZCW1NF-]_3$?(Q*_*R"CQ[6EB'>!9M,3%L2_<1OR,Q3_'=$;?$-R1$YQ3A
MFA>])0)C+!&(R<,.7@ 2E.Z6=,9R72\C4*%$KY'>)&CKAB0,:T[WP8_'F2KP
M@8-<K]-\][[\GM]P^1V1(*F!$7)TC8PQ@-(E=+31$1;3H47T$?ZP"R#$/1%X
M%G34V#T$&[QE)3>E2F)VOLV1VU^R>>E:FBZQ'H8^=8MU&(((4\@>UDV%62M.
M.M(IF[B^3,Z*?$( F'P.Y1859!]<TY?$V]6H"'R2ND.\SGSN@=ZEB4S5[:7;
M/LWJ294OK(SF$>&S-9L!TA)I-@4Q"=6*;:<T1@K,:QG41I!5F^T)=/HH8NC1
M9@GTC2GZ5'V#BE7OC,99%L8P1NJ%C/! J9OARRQ='P3W?A"\\$ :9WFB)?%Z
M<V.O:/)'^\Y06-)"_)4PK6X%3K),<OOO2B,-E8-"U1!'BK \+?C[EK^:\BXS
M/$.45R'S066RCY#7X#S)9T1NPE M>EC'MH^CWTJWWJ-S8EE &;+"<G=3*B?V
M,5R Q2Q9M-F8Z*67\,3U#:H%(1(QIJYR[F#IFD^.:595.1"$Q2RWV4=8!F]$
MT@659J0D)93RR5Q(/%B"Q045FU WW(P6HA@92/D@U)<H1OD8T0<*DD]H($*$
MM\ K(3<^R1?DG\@)0Y/%26W7CEK$:&BGQZ&A^A<U)L> 8/S2MFM+OZ*=_"C*
MC935_/O(7;-9!7GZ[SQQVXOML#=?.B8'_SAX=_(Q>O]C]/;@Q[U?CT[^[,.S
MLF?QX92W=EOS#. DC6@\H8YNKXCNBG5W->-*R:@=-J1IF;J;"2L;. .[J-RY
MZL[/64!5YH[.(DJ7A/TT9%) NU:E&/C1M!M9RTPP+/:MOG9SH_^]"@=A>-(1
M\AT%F5>N-Y37>T),5,))LPZ%EP00J.P&Z#'!'M[:'0%6#Z#\!&82F(1O0A6^
M47 B,  W[/2*+8_57-,0*Z4T,^B09\+P"+8.EF"@_'3*@A;.N4CIQRZ%BD<@
ML4'4LX@T2IXCH144)F'^F:(+1K?.LWK"5YROXU9*3OX6/;9V[23W<+JLG*-V
M1CGTO GJ6'5I]V:WV_%[6<2") B;3EL.L%[HS/F* PC(NF,9T@+<<_6L%,]!
M=0EJ^6(.H6=8UZO^WNB!(F1_;ZUA45(DN4RI[AM#U:( @;AZ3>+T(5PN6-/M
M:-J3[6=8,V[##+ 2H7(W\+CA6$=)E+9$(Q_U<L8R(ZP'14X U4<;02J](4(#
M_*RC3G-VMY^YOV)PSSN!X0=>X%_=='JNH]WMG2<4$"RK@ ,)N]:;%FL_]QE+
M)7#W/@J8,0SH;!D0C/#2H: INF*L:,JT='IS 2NQQ$9D,_Y25@UF=&B8<-^B
M'84DQFU3ZNYWX,H6]7P#^IIOLMW8K.C?=/VG>L]YOKD1A/MJX6'&IT"1[&F5
M+,YJ6+V\333?#+^:C((%SPM\%#-Q.!"J!J*[O,(H".:.^SQ#HER()BZP8@(>
M]?0Q&E41V51%V8"\:(AUPW*=1I1@U_?%MV<=VUU#J)ZM(51_M97_5;15O<>V
M1D_-^<V$T@&O^+3?)0Y2B:TXY$_"N1B]U^I;H-%=-I"YY ]J4'*DY;S,SH,Y
MA;+*W2!!=F/)]G:8W" \CKO\+TLNK?'GL#OZ@2XXQY:^#JT1[BUF7H:[V_;$
M.[4N-WAQ'%Q)\$&O;8 7F]QRFQMD_[ UV'D5E%Q0D5,JG>F9NR^Z>XF C%)*
M8,=Z3$M_KUE@Q/I]0[V*,B3>GF",7 N'$*8M;Z$Y#",<FQL8,0L"9K:5A*>A
MC*-0%TUYZ&0TU,ND1P5?IV)VE*Z@Q&/)!53X1" 31X_3"$489'VXZ)%.WW6]
M;D@=(D'Y!ZQS<8V?ZK?TH9%YYL@T0R,HIR3VXKY(QH-;I5.59(E[VH [  LA
M8)N@6 C\#M!'Z&&#6]IPC7R%=6&8]$OJ4(@\>&:+J5HW\^:&W\TC\V:.1;U&
M0 &O>$ 3Q)Q(E6F)^Z:#\J5C6DWB].0CYF>1Q:YVFAIVM/SQ=*.5@KE:$SK0
M7D"\+CHXY\W-C@>3R6!FAZA/W'=BK*.&,G%0;^)6U[&$<&V[-1+0N)O8=P)/
M%>I%;;KA>6(Z_<!2M!MY-IWD;K@0S@+VL,T-?V![BC+:)0 >@<1;1W#*2U6M
M[=)[X\'CA3P8S$"5&$0/0HX2RSDY=1J*>) ;O[7'#_2Q8$^7Y[R/)6949\F%
M;/_?W.%0ISD31J40XG4'#[(@@!WHNAT'4,=Q4GR"M/($@93.)G9[ _Y=9:4!
MKO$QGV=3*N8>-R5 ">HL^\3/P<6>"#7"U']>BEHZD96\8543?4:2_N9,":01
M@KBAMHT"AM2V\$MA*V-+4A/CXZC\"4YDW$:/E@NH_G3G;RI&3)K7[LE+^C[P
M,1G1*IH*[DA[N^;4KJ;&\>#4\!N>+FE@LEA [MNS*Y "&*1G^:*)J7 US1-H
M#<(WW(W?E"8_+FQ;Y92%CJ;XXHCF5&J Z/#7.J!(5/%\F99>S)U%20G]R-UW
M697,()FL]:I"+4=7G3Z1"._=*FB98V@#V @8K?94JX];[[]R%[B&J%QS(F@>
MI;CC(BF]8RBP1I>4[AM*P>OAF!$D8-J[5$W(V:]%*C"LPIDT,UUE@!0&W0>W
MDN9N,<'%CC],SMS)P\+A!4A.4(@ALA&&YQ1A:)N!0Z/H!L0,HP8A;G24R))$
MT18Q(26I@#\T33(Y$T86UJ&*29$'P-"X\6@IPG543A"&+>VYZ2*D^;G1M.AD
M\/S@-[UU $<.F'59$9TG<&JDV%@>=CHG&L QH:5&X[_(B(S3S2;P)7$*C6?!
M!W.H/8W)]X$ C:\!;&\@4*\1<9.)2!=-EQ4\@<<Z%A3.A&$<K"&">#RH!P5E
ML'/TQVB? AV!LT/PKI#J3=$!FS0MI"CM@LT-M5%\Y2)M"^K$^:A___/&GUW"
MP-+(R=I;,NU=:7X-8#ST42Y 'H4[XYP[JK\%7&!,@7$Y')EG]=(8M^O [EUR
MCPH"F1%$-&UA)07'\(VJKJ$+E$#^5AB_KSF[\.SQ<UB+!\>''_?H/N;?OWJQ
MJZ6G99J-6&G^7!%-LZ2(@UR"-F19+)+<^3=YD<^7<R]<:=5]!IH5I#.>/GZB
M;1L9@%2)$5P"Q(+O14."Y>=]K$G04KTO\XQV-+ ]JF;7FY_V\0/T4=X9%>#C
MI!Z=#KP.SXF2'Y"8U@S^X?H(RF,I%,KGJM'%@Q0=9PNWTW$C'G2\Z5;KJ?9<
M[X&Z;7<VY>8&66OJZ_+=QH>F_[T> N8#:*<1%I=\8$B2(;</IHD1^N=>"RV=
M+V;E)>#[<-+)6?$]V=PX\.XCM4W,)-OZ]M4[->W+ZUAND*[>XA"L& S 3QEQ
M4M UI*A=Z4= =0&3"[?18EE!.3?.YTG>N!<=_D,76MRZ(/J&@(=3!ZO]U,V-
MOL<.7#O7KB!ZFP B;S=$2+^JH]17827<("TR>OB?M$HNP$9U=ZDBP0_5LX#?
M'+=\"Q 5C'YQ$Y%G=KQPRVZ=VZ-B, K4BBX-;&M\+))@(Y%*PH0Z4>CD:UX)
MWDVW9\RZN-TWPX8X)5XA&H.9B(7Z+[1"#3Z>. &4J"YA(%UQEU9Z*@N]=_6"
M#Z6@;>#W^0S=(W.8M_4O G?88ZS[ <;5UD& >[J ST9 2>(C3S*G-:%+G.N4
MU?YL%0=YP$'R]V<GOI.8[;@%=QM>H!@6 %..T0?.1,:8[I(LT<30)#:6L-A_
M1"2:B"?Q4U%>($582D]T)@3&O8P0.G>4DJW0+5S[?=VVT3V/V(%VQZSDG,,E
MTVO/W]"8K_//,![/'X^N-.KA=%FQA;6:NT$B86UXB:^$9 ,E0P]6'#\ZY6(N
M54%W:H:1CPD!-BE7T!?2X-]X,G(RP#8W.FY/7:*-5IG'@*7'N1G!U-VHX=S.
MK, 6$J-WD<IWZT2IC8AL667 \?ZO^/P>9_KNAGC UF?VMP<4/%\#"G;7@(*_
MVLK_XO/Y-P;1<Z9*(X/[JB'!OL6:U>".>-U)"UCS[]YQB'T<.Y^:WT/2NR\)
M"IY.#A94*S#.$7K45_:*0Q0NMTZ25O1ZCK9D":2:#137SBY-Y?H6>3N32;4D
MQC+#>PGI9+$$;<T!L-]9'K9A0E6^JPU#FP)28BUW]92GA![84S%QB#(P_N-'
MR+#0/9W/ >?G;M>9C4/:Z@]FW7RC8QZX?3CHXH.VQS[V($"W7H@ $&EIR<9V
M!VP][-.!I>'1A0'&&.2IW9Q5&=.PWL/@M]CQV##AH=K<D%(5C#U#0S#&5F7:
M6S1V;CKDV]&!<A\X5];UHYY=>J -K5'!D7*<#](<6!J!N8K-C31S^RK%Y$>3
MU4VK^S2P&H;[E,-?*RJU&5^:EU)D$.8BF &HK 7'XO0*."O.:WO1ZA@X]X:M
M2YQOE7E!/16BVR:[%G,"LR2?UV0&Z\21>8AKD9YA"H6@MR&SX>:&;X,O7,.*
M? &/@!J8^U:3SQ0I)28V+]+WH1),W";M-22[ H(P\'-$JM.IUH:;O]K>(< Z
M('6 8(7R)CP&M!PG/NF,V-P:<!V8Y:XBV#S-93>XTQHL/]Y8&VO'3F#.%(G#
MY84 &XB_@,-99:%VS9_TYO@K%<B^W(YN(Q_XM76T)S\?1'L_';Q;U\_>54'I
MR^V=VRE" H63C_,SK4D2'G@0R'(FZGDYP>AGRD)3&9$O<9J@-C<QI1W= 1"R
MAS"P;QJ<"K>^&,E:\ *G_!S;0F<]G3D___>,V\$5^A"E0N'49)%,,-L#ARID
MD E[P,<?'4L,/O1'?,_)>\.;'/]8 B,NJWH1<X-GW!,I,"J86"+K0L*L>WI/
MIMD,XX]*]DYCS?>FX96YIF'FFFI'T?']]$EI7=UF\@,X'*S59"; 4[RIX?NJ
MN<E$^31<TESB=*_<E3.K,S1=. $4"LKYGK5"EO!0'AN\H6IG^-2Y$,\IW2$Q
MS/EA\_EZJLS4F-,T3Y<3HH\F9)9[W%F^\-P60N@ 0UB48%#,<H[&%@F.WG2I
M!!7=]E!;XT#;K:P"LCP-1KOQ1= C#M4-*W<"H@F19C!: [P5>?[;0^I>.BZ!
M[$.B;2&B&6#F67,!46(_%/HP[Z=H3#LW-(* /EG3J-W?D>\9XM_2&2%RTF]Q
M"=*A?F+]) 8:96)&(V*$]M;M'95QR$)Z*KF'I&G*JL@N:]=5UQF)P=H,#"1>
MR6Q,00\3/66W*NL,*\4F(MJ!4+D&5&O@J 38/$,7S8%I>Q@L<]V9Y#S1C5!D
MIVY",D;XSYWU61;N.-#"A9Y>1-P+=Z+,*/5'A=9L$6N2=^(.S/7BO[?%[UF-
MG4>[G"T P^F.] ]Z6S--$Q/G^K.P\%XD2F$ RI,\?V1L0J0M)\91LN24C8_V
MJL9%HFJR?GEK81"<^("[D!0+VQG.KZ*$(5@@A'MEI57R_.G7M,;**A  N7T]
M?]_U'VW)E4D7= ;:W4R.'W"P5-EIB?NP@I_DTD Z@AG?C@4E W$#I-F$+GZ,
M9X(6;$,;>[[(\ T6+(VQ+[S?"10"8$W('+)^D>FU^N_ +WM:E34HJ]I=#.Q;
M;D3-;M80G()2]210B@(BCRJ#9)FPT_FDV 3H_.O8\RW@E6^I(FK#%0'GZ  ]
MA"XZ7&V2%O750#TVT34V@/!N6=:("N$^IKD>EJJ$$A;02] EBOT@RAEBHVAE
M(6Q:HS.T<ZY8?O'MVBXHY_-DMLP@_SS+4S3,58\$6:\W-]Q[EVYXF -;LGTJ
MI@?")ODD)Z1+7_']-6U >]#3#;3!TF318"@0J^6N4.\-F&0:_6GP=C)D,_J4
M,(Z"/]43NO<BU@'-"XQE,JS@9C5K#&+U>DNV!"WNU.5</Y7^*)$2,&=\2EFA
M$1"*G:E9?F*S'?ANZNX@(Y&>]QFZDTBCQO!$LQC)L5J@=%Z%@I0T)Q<%:Z(&
M9K*'5'DRE0!<U5 A8L_@&1M)I]7@O(Q[%WZ'Y)MQ4CBTG,,?;+62L1[<P8:M
MAE4Y!OSU.041$;QMJBN5.X^5:-RX$/-*FLT+1 .++T!0;A@7XWU<BK5N/#O@
MKQ6 ?W,C<XH?R(95L(F8S5(Q?JTQ;6^;?JO3M1HA]4OL,BQ0R**DPQ2+P/B1
M5VY-@BL*T6<J+W6M0"DQ;Z-1:LU*N_>E-Q#P[=[\4YF^CC*W3,_<*'_*ZM=N
M]53X/[.R3-W_NG/?_7>2G^<SLB?=$(.K"R#^937&MKS>W*B3<=E@_C9;N+-V
MGD_<MZJ\;-S_8#J!F28!+%E2F>@\F:F7"4UQ"U <3+A0EX &W3I+JO0BH6&O
MRVD#_QX)PG-9<#U%+;+SKZ' @[QX]V)W:<-LY34\S/TLG>[VAL,JS>5K%DZ;
M4QP@8<9,CT7'.X4$U_'QL7(!Q1A(7E"];LD:R(A-Q>!O=%B KVUK5TVH(^/E
M-KP M'X!4G()3C#]D8^W&G/N6".1)G,W%7"YP-M@4_HWJ380^"7 .LN'Y\+-
M2N[EKLC]H.=$)%A_ZJ9B9@3O\9*  V%"_>O;57@HD0%R)=#3W=C+6HJV7)?&
M2(C+*HRN@ZY35$1LWH5%N:[1$$#AJ%C"2XS]+[9F%DRIAMV@(PNE]MKQ)N:W
M,J7JF&J3G KD/27OAA$;OB%X1V$^5/Z.<2NJ'1>WBWJ+"2^JHM!#E>PP2DN,
MPB,):U0Q)Y?($?W7R")\LU;>!)_S8HW/>;[&YZS*VKZ36(*7M3AVIA?<VHCB
MQ8.O'47K#6-5V8PU1/7/Y.-CCAR#1BAO.+M$2(4*Z'KNAUB*NS"D+!6RFQN4
M3H^E=BT._3V(/Z3).=3VSC((E#GC':)4Y>*2_O49#73W#RRT=[VNW0(R_F',
M]7]=-Y'N30"T<UR1K%(-?U&P@OVSB-0X*KQQ*>UA\,:0-D)$,3]77&3O+4B
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MNK.I]O__[__^YOW;?V'RXN>37XY^^/]02P,$%     @ ]X!(5IB-'_>-#
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M?C_C_P%02P$"% ,4    " #W@$A6:$3'./0#  "6#P  $0
M@ $     8V1Z:2TR,#(S,#(P,BYX<V102P$"% ,4    " #W@$A6MMUZM?P(
M  !R:   %0              @ $C!   8V1Z:2TR,#(S,#(P,E]D968N>&UL
M4$L! A0#%     @ ]X!(5L#;K6?\"P  [X\  !4              ( !4@T
M &-D>FDM,C R,S R,#)?;&%B+GAM;%!+ 0(4 Q0    ( /> 2%:-)LNH00@
M  QC   5              "  8$9  !C9'II+3(P,C,P,C R7W!R92YX;6Q0
M2P$"% ,4    " #W@$A60_&]7PX;  !DE@  %0              @ 'U(0
M96$Q-S(Y,C<M.&M?8V%D:7HN:'1M4$L! A0#%     @ ]X!(5D9*E:&F30$
MUOX' !@              ( !-CT  &5A,3<R.3(W97@Q,"TQ7V-A9&EZ+FAT
M;5!+ 0(4 Q0    ( /> 2%:8C1_WC0P  *91   8              "  1*+
M 0!E83$W,CDR-V5X,3 M,E]C861I>BYH=&U02P4&      < !P#7 0  U9<!
#

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
