Asset Management Agreement Revision Controversy Escalates: YZi Labs Demands BNC Withdraw False Allegations and Claims the So-Called "Secret Affiliate Agreement" Is Defamation

CryptoWorld News: YZi Labs has issued a statement regarding the proposed amendments to the asset management agreement between CEA Industries (BNC) and 10X Capital Asset Management LLC. The company strongly denies obstructing the agreement’s revision and accuses BNC’s board of “distorting facts and misleading shareholders.” YZi Labs investment partner Alex Odagiu stated that the board acknowledges the need to “reduce management fees, shorten the term, and optimize termination clauses,” but claims that the delay in amending the agreement is falsely attributed to YZi Labs and the so-called “Secret Side Agreement.” YZi Labs demands that BNC’s board immediately publicly retract the false allegations regarding the “Secret Side Agreement” and “YZi Labs obstructing the amendment,” ensure that directors associated with 10X recuse themselves from related discussions and decisions, and fully disclose the proposed revisions and final agreement text to all shareholders before signing. The company also reserves the right to take further legal action against current board members and states it will continue to hold the board accountable for information disclosure. (GlobalNewswire)