EX-99.2 3 0003.txt Jere Northrop 1961 Tonawanda Creek Road Amherst, New York 14228 August 23, 2000 Bion Environmental Technologies, Inc. 7921 Southpark Place, Suite 200 Littleton, CO 80202-3936 Dear Bion: Pursuant to my letter of August 3, 2000 regarding the exchange of Class X and Class Z warrants, please accept this letter as authorization to proceed with the exchange as of this date. If the this is agreeable to BION, please cancel the submitted warrants, issue the stock, and deliver to me. Very truly yours, /s/ Jere Northrop Jere Northrop Jon Northrop 1922 West Sanibel Court Littleton, Colorado 80120 August 23, 2000 Bion Environmental Technologies, Inc. 7921 Southpark Plaza, Suite 200 Littleton, CO 80120 Dear Bion: Pursuant to my letter of August 3, 2000 regarding the exchange of Class X and Class Z warrants, please accept this letter as authorization to proceed with the exchange as of this date. If this is agreeable to BION, please cancel the submitted warrants and issue the stock as shown in Exhibit A attached hereto and deliver the certificates to me. Very truly yours, /s/ Jon Northrop Jon Northrop Exhibit A Z Warrants X Warrants Shares to be Issued Jon Northrop 389,507 125,074 95,950 Nancy Northrop 800 240 Hallie Northrop 8,848 10,802 4,569 Stephanie Northrop 8,848 10,802 4,569 Family Trust U/A 3rd U/W Catherine Northrop 2,887 866 Harley E. Northrop P.O. Box 188, Sherman Road Westfield, New York 14787 August 23, 2000 Bion Environmental Technologies, Inc. 7921 Southpark Plaza, Suite 200 Littleton, CO 80120 Dear Bion: Pursuant to my letter August 3, 2000 regarding the exchange of Class X and Class Z warrants, please accept this letter as authorization to proceed with the exchange as of this date. If this is agreeable to BION, please cancel the submitted warrants and issue the stock and deliver to me. Very truly yours, /s/ Harley E. Northrop Harley E. Northrop