CEA Industries (BNC) Proxy Filing summary

Executive summary

• Board proposes to amend the Asset Management Agreement with 10X Capital Asset Management LLC, aiming for lower management fees, a shorter term, and improved termination provisions.

• 10X has shown willingness to negotiate, and both parties seek to resolve discussions quickly.

• The proposal follows a comprehensive review of the agreement and the termination of a restrictive side agreement by YZi Labs.

• Forward-looking statements highlight risks related to technology, financing, competition, and BNB value.

Voting matters and shareholder proposals

• Company plans to file a consent revocation statement and a YELLOW consent revocation card in response to YZi Labs' consent solicitation.

• Stockholders are encouraged to review all related documents when available for important information.

Board of directors and corporate governance

• Directors and certain executive officers are considered participants in the consent revocation solicitation.

• Information on directors, officers, and their interests is available in recent SEC filings, including Form 10-KT and Form 8-K.