BNET · Bion Environmental Technologies Inc

On July 7, 2025, Mr. Posner purchased a Convertible Promissory Note in the principal amount of $25,000. The Note is secured by the Company's Intellectual Property (IP)/Patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million. The maturity date of the note is December 31, 2025.

On January 18, 2025, Christopher Parlow voluntarily surrendered 618,750 Class CPTrust-1 warrants registered to the Christopher Parlow Trust for cancellation. There are 995,250 Class CPTrust-1 warrants remaining with the exercise price of $.75 until April 15, 2025. These warrants carry a potential price adjustment ranging from 75% to 90%.

On January 18, 2025, Danielle Lominy voluntarily surrendered 618,750 Class DCBTrust-1 warrants registered to the Danielle Chtine Bassani Trust for cancellation. There ae 892,727 Class DCBTrust-1 warrants remaining with the exercise price of $.75 until April 15,2025. These warrants carry a potential price adjustment of 75%.

As of 1/16/2025, Mr. Schafer owns 1,215,000 options to purchase common stock with exercise prices ranging from $.60 to $1.20 and expiration dates ranging from 12/31/2025 to 12/31/2026. These options carry the potential price adjustment of 75%.

Effective 1/16/2025, Mr. Schafer voluntarily surrendered 36,918 shares that would have been issued as the result of the conversion of $4,245.48 of the Adjusted 2015 Convertible Note.

As of January 3, 2025, Danielle Lominy, the adult daughter of Linda Bassani , no longer resides within Linda Bassani's residence. As a result, the reported Bassani Estate and Linda Bassani's holding are substantially reduced as prior form 4's and other SEC filings included all the securities held (directly and indirectly) by Danielle Lominy. As of January 3, 2025, the DB Estate and Linda Bassani are no longer affiliates of the company as their beneficial ownership has been reduced to lower than 10%. This will be the final filing related to Linda Bassani and the DB Bassani Estate based on the residual beneficial ownership set forth above.

On Dec 16, 2024, Mr. Scott's spouse purchased a Convertible Promissory Note in the principal amount of $25,000. The Note is secured by the Company's Intellectual Property (IP)/Patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million. The maturity date of the note is December 31, 2025.

On October 22, 2024, Bion's Board of Directors ratified an agreement with the Bion BLG, LLC, loan group, effective 10/15/2024, to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Schoener and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024).

On October 22, 2024, Bion's Board of Directors ratified an agreement with the Bion BLG, LLC, loan group, effective 10/15/2024 to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Stovall and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024 ).

On October 22, 2024, Bion's Board of Directors ratified an agreement, with the Bion BLG, LLC, loan group, effective 10/15/2024, to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Weerts and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024).

On June 30, 2024 the "DB Estate" voluntarily surrendered 770,792 shares that would have been issued as the result of the conversion of $652,252.15 of deferred compensation. $300,000 was convertible @ $.75/share and $352,252.15 was convertible @ $.95 under the terms of his agreement.

On June 30, 2024, Christopher Parlow voluntarily surrendered 500,000 options registered to the Dominic Bassani 2019 Irrevocable Trust ("2019 Trust") for cancellation. Christopher Parlow is the 50% beneficial owner of 1,000,000 options registered to the 2019 Trust.

On June 30, 2024 the "DB Estate" voluntarily surrendered 770,792 shares that would have been issued as the result of the conversion of $652,252.15 of deferred compensation. $300,000 was convertible @ $.75/share and $352,252.15 was convertible @ $.95 under the terms of his agreement.

On June 30, 2024, Danielle Lominy voluntarily surrendered 500,000 options registered to the Dominic Bassani 2019 Irrevocable Trust ("2019 Trust") for cancellation. Danielle Lominy is the 50% beneficial owner of 1,000,000 options registered to the 2019 Trust.

On June 30, 2024, the DB Estate voluntarily surrendered $17,733.92 of the Adjusted 2015 Replacement Note # 2 balance which was convertible into 154,208 shares of common stock at $.115. The balance of the note after this transaction is $7,906.66 which is convertible into 68,754 shares of common stock under the same terms. The maturity date of this note is 1/15/2025.

On June 30, 2024, the DB Estate voluntarily surrendered 3,025,000 options with exercise prices ranging from $.75 to $ 1.20 and with a price adjustment ranging from 75% to 90%. These options had expiration dates from 1/15/2025 to 12/31/2026.

Effective May 31 2024, the Company accepted the resignation of Mr. O'Neill as the Company's CEO and as a Director on the Board of Directors. 500,000 options with the exercise price of $1.60 until 6/30/2006 were cancelled as the resignation occurred prior to the vesting date of the options.

As of May 31, 2024, pursuant to the terms of Mr. O'Neill's employee contract, 304,743 warrants of 1,000,000 warrants registered to Identifoods, LLC were cancelled. Identifoods, LLC is owned by Mr. O'Neill and his wife. As of May 31, 2024, Identifoods, LLC is the owner of 695,257 warrants at the price of $1.00 until 4/30/2026. Each of these warrants carry a price adjustment of 75%.

On April 1, 2024, Mr. Smith voluntarily surrendered 2,425,000 options (in aggregate) for cancellation.

On April 1, Mr. Smith voluntarily waived all claim to $56,250 of his deferred compensation which was convertible into 75,000 shares of common stock. The balance of his deferred compensation as of April 1, 2024 is $45,100 which is convertible into 60,134 shares of common stock.

As of April 1, 2024, Mr. Smith and his spouse are the owners of 4,421,102 shares of common stock. 1,624,323 shares are registered to Mr. Smith's wife. The total number of shares of common stock was understated, in error, on the February 14, 2024 Form 4 report by 4,847 shares.

On April 1, Mr. Smith voluntarily waived all claim to $56,250 of his deferred compensation which was convertible into 75,000 shares of common stock. The balance of his deferred compensation as of April 1, 2024 is $45,100 which is convertible into 60,134 shares of common stock.

As of March 31, 2024, the balance of the 2020 Convertible Obligation owned by Mr. Smith was $119,903.63 convertible into 239,808 units (each unit consisting of one share and one warrant exercisable at $.75/warrant). Each warrant carries the potential to have a price adjustment of 75%.

On January 23, 2024, 106,500 Class MAS Various warrants were exercised at $0.75/warrant (with a price adjustment of 75%) and 90,900 shares of restricted stock were issued.

On January 23, 2024 Mr. Smith and his spouse elected to exercise 2,827,196 warrants at an exercise price of $.75/warrant with price adjustments ranging from 75% to 90% which will result in the issuance of 2,439,426 shares of common stock. These warrants were exercised using the cashless exercise option. The administrative process involved in these exercises/issuances has been long and extended and none of the shares have been issued and delivered as of the date of filing this report. Details regarding these exercises are set forth in the notes below.

On January 23, 2024, 1,600,487 Class MAS Various warrants were exercised at $0.75/warrant (with a price adjustment of 75%) and 1,366,042 shares were issued (under Bion's S-8 from the S-8 Registration Statement and 2006 Incentive Plan).

On January 23, 2024 Mr. Smith and his spouse elected to exercise 2,827,196 warrants at an exercise price of $.75/warrant with price adjustments ranging from 75% to 90% which will result in the issuance of 2,439,426 shares of common stock. These warrants were exercised using the cashless exercise option. The administrative process involved in these exercises/issuances has been long and extended and none of the shares have been issued and delivered as of the date of filing this report. Details regarding these exercises are set forth in the notes below.

On January 23, 2024, Mr. Smith exercised 300,000 Class CAP2017 warrants were exercised @ $.75/warrant (with a price adjustment of 90%) and 282, 422 shares of restricted stock were issued.

On January 23, 2024 100,001 warrants registered to Lotaylingkyur, Inc. (controlled by Mr. & Mrs. Smith) were exercised at a price of $.75/warrant (with a 75% price adjustment), and 85,354 shares of common stock were issued (under Bion's S-8 Registration Statement and 2006 Incentive Plan).

On January 23, 2024, 820,209 Class MAS various warrants registered to Mr. Smith's spouse were exercised at $0.75 (with a price adjustment of 75%) and 700,062 shares were issued (under Bion's S-8 Registration Statement and 2006 Incentive Plan).

On January 1, 2024, Mr. Smith gifted 122,231 Units to various family members and non profit entities. Of the 400,000 units not gifted, 200,000 are registered to Mr. Smith's wife.

On January 1, 2024, Mr. Smith converted the remaining balance of $49,403.05 of his Adjusted 2020 Convertible note into 522,231 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 1/1/2027. Each of these warrants carry an exercise bonus of 75%. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On January 1, 2024, Mr. Smith gifted 122,231 Units to various family members and non profit entities. Of the 400,000 units not gifted, 200,000 are registered to Mr. Smith's wife.

On January 1, 2024, Mr. Smith converted the remaining balance of $49,403.05 of his Adjusted 2020 Convertible note into 522,231 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 1/1/2027. Each of these warrants carry an exercise bonus of 75%. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On January 1, 2024, Mr. Smith converted the remaining balance of $49,403.05 of his Adjusted 2020 Convertible note into 522,231 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 1/1/2027. Each of these warrants carry an exercise bonus of 75%. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On December 31, 2023, Mr. Smith gifted 200,000 units to various family members and non profit entities. Of the 249,261 units not gifted, 149,261 are registered to Mr. Smith's wife.

On December 31, 2023 Mr. Smith converted $42,500 from his Adjusted 2020 Convertible note into 449,261 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 12/31/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the December 31, 2023, conversion is $49,403.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On December 31, 2023 Mr. Smith converted $42,500 from his Adjusted 2020 Convertible note into 449,261 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 12/31/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the December 31, 2023, conversion is $49,403.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On December 31, 2023, Mr. Smith gifted 200,000 units to various family members and non profit entities. Of the 249,261 units not gifted, 149,261 are registered to Mr. Smith's wife.

On December 31, 2023 Mr. Smith converted $42,500 from his Adjusted 2020 Convertible note into 449,261 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 12/31/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the December 31, 2023, conversion is $49,403.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On October 1 , Mr. Smith transferred $80,766.67 of deferred compensation to his 2020 Collateral Convertible Note. The Balance of the 2020 Collateral Convertible Note of $117,552.58 is convertible into 235,106 units; each unit consisting of one share and one warrant with the exercise price of $.75 until 6/4/2026. Each of these warrants carry a price adjustment provision equal to 75% of exercise price.

Between June 30,, 2023, and July 28, 2023, Mr. Orphanos sold 40,000 shares from AGOIRA for a total value of $45,315.

Between June 30,, 2023, and July 28, 2023, Mr. Orphanos sold 40,000 shares from AGOIRA for a total value of $45,315.

On July 21, 2023, Mr. Smith converted $49,047.91 of principal from his Adjusted 2020 Convertible note into 518,477 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 7/21/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the July 21, 2023, conversion is $91,903.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On July 21, 2023, Mr. Smith gifted/donated 200,000 shares to various nonprofit entities. Of the 318,477 shares not gifted, 100,000 shares are registered to Mr. Smith's wife.

On July 21, 2023, Mr. Smith converted $49,047.91 of principal from his Adjusted 2020 Convertible note into 518,477 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 7/21/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the July 21, 2023, conversion is $91,903.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On July 21, 2023, Mr. Smith converted $49,047.91 of principal from his Adjusted 2020 Convertible note into 518,477 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 7/21/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the July 21, 2023, conversion is $91,903.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.

On July 21, 2023, Mr. Smith gifted/donated 200,000 shares to various nonprofit entities. Of the 318,477 shares not gifted, 100,000 shares are registered to Mr. Smith's wife.

On July 21, 2023, Mr. Smith gifted/donated 100,000 warrants to various nonprofit entities. 100,000 of the warrants not gifted are registered to Mr. Smith's wife.

Between June 30,, 2023, and July 28, 2023, Mr. Orphanos sold 40,000 shares from AGOIRA for a total value of $45,315.

Between June 30,, 2023, and July 28, 2023, Mr. Orphanos sold 40,000 shares from AGOIRA for a total value of $45,315.

Between June 30,, 2023, and July 28, 2023, Mr. Orphanos sold 40,000 shares from AGOIRA for a total value of $45,315.