Exhibit 10.3 January 8, 1997 Mark A. Smith, President LoTayLingKyur, Inc. Dorje Dzong 1345 Spruce St., Suite I Boulder, CO 80302 Dear Mr. Smith: BionSoil, Inc. ("BSI") and Bion Environmental Technologies, Inc. ("Biet") hereby accept the terms of the...Loan Agreement • January 29th, 1997 • Bion Environmental Technologies Inc • Misc industrial & commercial machinery & equipment
BionSoil, Inc. ("BSI") and Bion Environmental Technologies, Inc. ("Biet") hereby accept the terms of the loan from LoTayLingKyur, Inc. ("LTLK") on the terms and conditions outlined in your letter of January 8, 1997 (attached hereto as Exhibit 1).
Exhibit A LOTAYLINGKYUR, INC. 1280 Terminal Way, Suite 3 Dorje Dzong Reno, Nevada 89502 1345 Spruce Street, Suite I (702) 333-1193 (303) 444-1713 FAX (702) 329-0852 FAX (303) 444-1904 1/8/97 TO: Jon Northrop, CEO - BIET & BionSoil, Inc. FROM: Mark A....Loan Agreement • January 29th, 1997 • Bion Environmental Technologies Inc • Misc industrial & commercial machinery & equipment
TO: Jon Northrop, CEO - BIET FROM: Mark A. Smith, President RE: Conversion of Note Dear Mr. Northrop: As discussed previously, LTLK would enter into an agreement that provides: 1)LTLK will convert the Note in full on 6/30/97 into 1,274,308 BIET common...Conversion Agreement • January 29th, 1997 • Bion Environmental Technologies Inc • Misc industrial & commercial machinery & equipment
Exhibit 10.2 Memorandum of Understanding This Memorandum of Understanding ("Memorandum") between Bion Environmental Technologies, Inc. ("Company") and Duane Kennedy ("Employee) (collectively the "Parties") reflects the mutual understanding of the...Memorandum of Understanding • January 29th, 1997 • Bion Environmental Technologies Inc • Misc industrial & commercial machinery & equipment
