{"url_path":"/sec/bnet/8-k/2026-07-14/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/875729/0001079973-26-000947-index.html","accession_number":"0001079973-26-000947","cik":"0000875729","ticker":"BNET","issuer_name":"BION ENVIRONMENTAL TECHNOLOGIES INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/875729/0001079973-26-000947-index.html","primary_entity_key":"0000875729","primary_entity_name":"BION ENVIRONMENTAL TECHNOLOGIES INC"},"word_count":241,"has_tables":true,"body_markdown":"** **\n\n \n\n \n\n****\n\n****\n\n**** \n\n****\n\n**Item 1.01 Entry into a Material Definitive\nAgreement**\n\n** **\n\nOn July 14, 2026, Bion executed a Settlement Agreement\nwith Hamstra Builders, Inc., the General Contractor for the Fair Oaks demonstration facility that was completed in July 2023. The settlement,\nalong with a separate agreement between Hamstra and Dilling Group, a subcontractor, results in the dismissal by both parties of all mechanics\nliens and litigation related to the construction of the Ammonia Recovery System at Fair Oaks. The first lien was filed in March 2024 and\nlitigation commenced in April 2025; details have been disclosed in various SEC 8-K’s, 10-Q’s, and 10-K’s, since that\ntime.\n\n \n\nBion will issue Hamstra a convertible promissory\nnote in the amount of $1,774,512.72. Terms include a maturity date of December 31, 2026; interest at 10%; a cash payment of $653,915 at\nthe time of a future Bion financing; and conversion of the balance into Bion common stock at the price of that financing (to be determined).\nThe Note and Settlement Agreement are attached as exhibits.\n\n \n\nAll holders of Bion’s Secured Convertible\nPromissory Notes, along with all holders of Bion’s May 2024 Convertible Promissory Notes, both Notes with a maturity date of June\n30, 2026, have agreed to extend their maturity date, under the same terms until December 31, 2026.\n\n \n\nThe Bion Loan Group has agreed to extend its Secured\nConvertible Promissory Note, with a maturity date of June 30, 2026, under the same terms until January 31, 2027."}