CEA Industries Inc. (CEAD)

[tcfib]

Per the 10q

"On April 26, 2016, the Company entered into a non-binding letter of intent (“LOI”) to acquire substantially all of the assets of a third party (“Seller”). Per the terms of the Agreement, Company and Seller shall endeavor to close the transaction on or before August 31, 2016, which was extended to September 30, 2016 (“Exclusivity Period”). During the Exclusivity Period, the Company is required to provide the Seller a loan in the amount of $20,000 per month, up to a maximum of $80,000. A payment of $20,000 was made during the three-month period ended June 30, 2016."