BION ENVIRONMENTAL TECHNOLOGIES INC
BION ENVIRONMENTAL TECH 8-K (3-25-03) EX 10.3
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>5
<FILENAME>ex103.txt
<DESCRIPTION>BION ENVIRONMENTAL TECH 8-K (3-25-03) EX 10.3
<TEXT>
  EXHIBIT 10.3
                                AGREEMENT


  This Agreement is made effective as of March 1, 2003, by and between
  Bion Environmental Technologies, Inc., ("Bion") and Bergen Cove.

  Bion desires to have the following services provided by Bergen Cove.

  Therefore, the parties agree as follows:

  1.  DESCRIPTION OF SERVICES.  Beginning on March 1, 2003, Bergen Cove
  will provide the following services (collectively, the "Services"):

  Collect monthly rent from the Undertenants, David J. Mitchell, Salvatore
  J. Zizza, Lazam Properties, Ltd. (Louis Perlman) and Verus Support
  Services for occupancy of the 10th floor of 18 East 50th Street, New
  York, NY 10022.

  Pay monthly rent to the Overtenant, Pan Am Equitites.

  2.  PERFORMANCE OF SERVICES.  The manner in which the Services are to be
  performed shall be determined by Bergen Cove.  Bion will rely on Bergen
  Cove to fulfill its obligations under this Agreement.

  3.  TERM/TERMINATION.  This Agreement shall terminate automatically at
  the time all rents are collected from the Undertenants and paid to the
  Overtenant.

  4.  ASSIGNMENT.  Bergen Cove's obligations under this Agreement may not
  be assigned or transferred to any other person, firm, or corporation
  without the prior written consent of Bion.

  5.  NOTICES.  All notices required or permitted under this Agreement
  shall be in writing and shall be deemed delivered when delivered in
  person or deposited in the United States mail, postage prepaid,
  addressed as follows:

       IF for the Company:

       Bion Environmental Technologies, Inc.
       Larry Danziger
       Chief Financial Officer
       18 East 50th Street, 10th Floor
       New York, New York 10022

       IF for Bergen Cove:

       Salvatore Zizza
       18 East 50th Street, 10th Floor
       New York, New York 10022

  Such address may be changed from time to time by either party by
  providing written notice to the other in the manner set forth above.

  
<PAGE>
  6.  ENTIRE AGREEMENT.  This Agreement contains the entire agreement of
  the parties and there are no other promises or conditions in any other
  agreement whether oral or written.  This Agreement supersedes any prior
  written or oral agreements between the parties.

  7.  AMENDMENT.  This Agreement may be modified or amended if the
  amendment is made in writing and is signed by both parties.

  8.  SEVERABILITY.  If any provision of this Agreement shall be held to
  be invalid or unenforceable for any reason, the remaining provisions
  shall continue to be valid and enforceable.  If a court finds that any
  provision of this Agreement is invalid or unenforceable, but that by
  limiting such provision it would become valid and enforceable, then such
  provision shall be deemed to be written, construed, and enforced as so
  limited.

  9.  WAIVER OF CONTRACTUAL RIGHT.  The failure of either party to enforce
  any provision of this Agreement shall not be construed as a waiver or
  limitation of that party's right to subsequently enforce and compel
  strict compliance with every provision of this Agreement.

  10.  APPLICABLE LAW.  This Agreement shall be governed by the laws of
  the State of New York.

  Party receiving services:
  Bion Environmental Technologies, Inc.



  By: /s/ David J. Mitchell
  David J. Mitchell
  Chief Executive Officer


  Party providing services:
  Bergen Cove



  By: /s/ Salvatore Zizza


</TEXT>
</DOCUMENT>
