LETTER OF INTENTLetter of Intent • July 27th, 2022 • Bion Environmental Technologies Inc • Agricultural chemicals • Texas
This Letter of Intent (“LOI”) sets forth an outline of the Parties intentions with regard to collaboration by and between Ribbonwire Ranch, a farm and ranch partnership located in the Texas panhandle, with its business office at Dalhart, Texas and their affiliates (collectively “RWR” or “Ribbonwire Ranch”) and Bion Environmental Technologies, Inc., a publicly traded Colorado corporation with its business office located in Old Bethpage, New York (“Bion”) to explore joint development of a long term cattle and agriculture related business venture based on RWR location and experience in combination with Bion’s ‘3G Tech sustainable beef opportunity’ starting with an initial module currently intended to be a 15,000 head integrated beef ‘feedlot’ facility on RWR property including innovative barns, an anaerobic digester and a Bion 3G Tech system designed to create ‘branded’ sustainable beef animals and multiple additional revenue streams (collectively the “Project”). The Parties hereto (“Part
