Perfect Blend LLC LOI
EX-10.1 2 ex10x1.htm PERFECT BLEND LLC LOI
Exhibit 10.1
Non-Binding Letter of Interest (LOI)
Date: May 20, 2025
Bion Environmental Technologies, Inc:
Perfect Blend, LLC (PB) has an interest Bion's in procuring 10-0-0 Liquid Ammonium Bicarbonate "Bion's product" and may commit to purchasing the product spot pricing via when the product becomes available. Below are basic terms of the non-binding LOI which are subject to the Conditions Precedent:
| 1. | PB agrees to pricing equivalent to $7.00/lb of nitrogen for the product, FOB from point of origin. |
| 2. | PB agrees to pay transport. |
| 3. | PB has interest in approximately 50,000 gallons of Bion's product per annum. |
| 4. | Bion will produce the product and store on-site. |
| 5. | A term contract may be considered to reserve future production volumes of Bion's product. |
Conditions Precedent:
| 1. | Evidence of OMRI and CDFA compliance will be provided to the customer upon delivery. |
| 2. | Bion's Product will meet a minimum liquid nitrogen content of 10% ammoniacal nitrogen. |
| 3. | PB acknowledges that Bion is a publicly-traded company. As such, this LOI represents a material event that, by statute, Bion must announce publicly and in an SEC 8-K filing. |
This Non-binding Letter of Intent is agreed to and accepted as of the date stated above.
| Bion Environmental Technologies, Inc. | ||
| By: | /s/ Craig Scott | |
| Craig Scott, CEO | ||
| Perfect Blend, LLC | ||
| By: | /s/ Daniel T. Hazen | |
| Daniel T. Hazen, Managing Member | ||
