Purchase Order Agreement between Bion Environmental Technologies, Inc. and Buflovak & Hebeler Process Solutions for Ammonium Bicarbonate Demonstration System
Bion Environmental Technologies, Inc. has issued a purchase order to Buflovak & Hebeler Process Solutions for the supply of an Ammonium Bicarbonate Demonstration System, as detailed in a technical proposal dated January 20, 2022. The total contract price is $2,665,500. Payments are structured in installments based on project milestones, including receipt of the order, engineering deliverables, final inspection, and delivery. The agreement outlines payment terms and conditions for each stage of the project.
Exhibit 10.1
 | Bion Environmental Technologies, Inc. K. Paradise PO Box 323 Old Bethpage, NY 11804 Phone: 516 ###-###-#### | PURCHASE ORDER
|
P.O. NUMBER: 01272022
Date: January 27, 2022
| Vendor: : : Buflovak & Hebeler Process Solutions : 2000 Military Road : Tonawanda, NY 14150 : 716 ###-###-#### |
| Project ID | REQUISITIONER | SHIPPED VIA | F.O.B. POINT | TERMS |
| Ammonium Bicarbonate Demonstration System Fair Oaks, IN Project
| Bion Environmental Technologies, Inc. S. Pagano | See below description |
| QTY | UNIT | DESCRIPTION | UNIT PRICE | TOTAL |
| 1 |
| Total price for scope of supply, as per Technical Proposal Section 2 – Proposal for Ammonium Bicarbonate Demonstration System dated January 20, 2022
Payment 1: 25% upon receipt of Purchase Order Payment 2: 25% invoiced with the issuance of Phase 1 Engineering Deliverables (shall be invoiced by the seller with payment terms of net 30 days from invoice Payment 3: 25% invoiced with the issuance of Phase 2 Engineering Deliverables (shall be invoiced by the seller with payment terms of net 30 days from invoice Payment 4: 20% invoiced at time of invitation to Buyer for final inspection or Factory Acceptance Test “FAT” due the sooner of 21 days or prior to shipment. Payment to be received prior to shipment (a window of 5 days is available for the final inspection) Payment 4: 5% upon delivery to Buyer
| $2,665,500
| |
| Total Price for scope of supply
| $2,665,500 |
|
Kathy Paradise
| ||
| Authorized by Date |
