Core Viewpoint - CEA Industries Inc. is actively seeking to renegotiate its Asset Management Agreement with 10X Capital Asset Management LLC, aiming to align the agreement with market standards and improve terms for stockholders [1][8]. Summary by Sections Negotiation Efforts - On February 18, the Company proposed specific terms for amendments to the Asset Management Agreement (AMA) after discussions with 10X, with a formal Market Proposal delivered on March 8 [2]. - The original AMA was executed in August 2025, prior to the majority of the current Board's tenure [2]. Proposed Enhancements - The Board's proposed terms are designed to be more favorable to BNC stockholders compared to demands made by YZILabs Management Ltd. [3]. - Key enhancements include a reduction in management fees, a shorter term for the agreement, and adjusted liquidated damages [9]. 10X's Response - Despite initial willingness from 10X's principal, Hans Thomas, to engage constructively, the Company has not received a comprehensive counterproposal or meaningful feedback on the Market Proposal [4][7]. - 10X's only response has been a nominal reduction in management fees, which the Company views as insufficient and merely cosmetic [5]. Delays and Concerns - The Board believes that 10X has delayed negotiations by engaging a consulting firm for benchmarking, despite the Company already completing a thorough analysis [6]. - The lack of urgency and constructive engagement from 10X has been noted, with the Company asserting that no meaningful concessions have been offered [7]. Limitations of the Current Agreement - The restrictive terms of the original AMA prevent the current Board from unilaterally demanding amendments or terminating the agreement without incurring substantial fees [8]. - Amending the AMA to a market-standard version requires constructive engagement from 10X [8].

Core Viewpoint - YZILabs Management Ltd. expresses support for the CEA Industries Inc. Board's acknowledgment of the need for amendments to the Asset Management Agreement (AMA) with 10X Capital Asset Management LLC, while criticizing the Board for misrepresenting facts and delaying necessary changes [1][2][3]. Group 1: Board's Acknowledgment and Criticism - The Board admits that the AMA requires lower management fees, a shorter term, and a more favorable termination provision, which aligns with YZILabs' demands [2]. - YZILabs accuses the Board of fabricating claims that it was blocking the Board's actions, asserting that it had terminated the Strategic Services Agreement and advocated for fee reductions [3][5]. - The Board's rebranding of the Strategic Services Agreement as a "Secret Side Agreement" is described as a deceptive tactic to distract stockholders from its failures [4]. Group 2: Financial Incentives and Conflicts of Interest - YZILabs highlights that the delay in AMA amendments benefits 10X, which continues to extract unearned wealth from the Company while stockholders suffer [6]. - The Board is urged to retract its claims about YZILabs and the Strategic Services Agreement, which are characterized as defamatory [7]. Group 3: Demands for Transparency and Accountability - YZILabs demands that the Board retract false claims, ensure that directors affiliated with 10X recuse themselves from AMA discussions, and publicly disclose all proposed amendments and agreements [15]. - The firm reserves the right to pursue legal action against Board members for continued misrepresentations [9]. Group 4: Company Background - YZILabs Management Ltd. is an investment firm focused on high-governance participation in the digital asset and blockchain sectors, emphasizing operational integrity and shareholder alignment [10].