Bion settles lease dispute with $162.5K convertible note; lease payments suspended

BION ENVIRONMENTAL TECHNOLOGIES INC

Bion issued $162,500 convertible promissory note to landlord North Prairie Holdings for delinquent rent at Fair Oaks facility.
Note bears 10% interest, matures Jan 3, 2027 or upon $2M+ qualified financing; converts at financing price.
Monthly $6,250 lease payments suspended and added to note principal until maturity or financing.
On qualified financing, Bion pays $50k cash; balance converts to common stock at investor price.
Company cites severe cash flow constraints and historical management/financial challenges; settlement avoids litigation.

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