The Strategic Services Agreement (SSA) has recently garnered attention due to claims surrounding amendments to the Asset Management Agreement (AMA) of CEA Industries Inc. (NASDAQ: BNC). To provide clarity, this article breaks down the facts and addresses the misinformation concerning the SSA and YZi Labs’ involvement.
What is the Strategic Services Agreement?
The SSA, executed between YZi Labs and CEA Industries, was a document outlining strategic services to enhance operational efficiency. The agreement was negotiated with the full knowledge and involvement of key executives, including Hans Thomas, CEO of 10X Capital, and Alexander Monje, Chief Legal Officer of 10X Capital.
This agreement also underwent legal scrutiny, with legal counsel Winston & Strawn LLP ensuring that all processes adhered to compliance requirements.
Transparent Termination of the SSA
Contrary to recent allegations, YZi Labs clearly terminated the SSA on December 11, 2025. This was followed by a formal notice to 10X Capital and documentation shared with the BNC Board on December 13, 2025. This act underscores YZi Labs’ commitment to transparency, ensuring that no agreement currently blocks amendments to the AMA.
Public disclosure of the SSA, as mandated by regulatory filings, occurred in Schedule 13D on November 26, 2025. A subsequent consent solicitation statement, filed on December 1, 2025, reinforced the disclosure process. Both documents confirmed the SSA’s transparency to stakeholders.
Defending Against Misleading Claims
YZi Labs has firmly rejected claims made in the February 4, 2026 BNC press release, which alleged that the SSA was used as a secretive tool to block AMA modifications. The company emphasized that no action or agreement exists today that would hinder governance adjustments to the AMA. Termination of fees and waiver offers further support this argument.
To reinforce the SSA’s terminated status, YZi Labs forwarded all necessary termination notices to BNC’s CEO in February 2026, ensuring no ambiguity remained for their stockholders.
Commitment to Governance and Value Creation
YZi Labs remains dedicated to fostering long-term shareholder value and upholding high governance standards. By ensuring that agreements such as the SSA are handled with integrity and openness, they aim to build trust among stakeholders and the broader investment community.
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