Exhibit 10.2
August 14, 1997
Xxxxxxx & Granville Securities, Inc.
000 00xx Xxxxxx, Xxxxx 000
Xxxxxx, XX 00000
Gentlemen:
Upon acceptance, this letter will serve as the Second Amendment to the
Agreement between Xxxxxxx & Granville Securities, Inc. ("SGS") and Bion
Environmental Technologies, Inc. ("BIET") dated February 6, 1997 as amended
March 14, 1997) concerning BIET*s retention of SGS to provide investment
banking services.
A. Term of the Agreement: The term of the agreement is hereby amended to
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be from December 1, 1996 to December 31, 1997, instead of December 1, 1996 to
November 30, 1997 as was previously stated in paragraph A of the First
Amendment to the Agreement dated March 14,1997.
Section 4. Compensation, paragraph (b) is hereby amended to extend SGS*s
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June 30, 1997 deadline to raise not less than $1,000,000, or an amount
satisfactory to BIET, to December 31, 1997.
Please sign the two enclosed originals, keep one for your files, and
return the other to Bion.
Sincerely,
Bion Environmental Technologies, Inc.
/s/ Xxx Xxxxxxxx
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Xxx Xxxxxxxx
Chief Executive Officer
Agreed and Accepted:
Xxxxxxx & Granville Securities, Inc.
By: /s/ Xxxxxx Xxxxxxx III 8/15/97
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Xxxxxx Xxxxxxx III date
