{"url_path":"/sec/ceti/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 Properties.**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1935092/0001079973-26-000703-index.html","accession_number":"0001079973-26-000703","cik":"0001935092","ticker":"CETI","issuer_name":"Cyber Enviro-Tech, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1935092/0001079973-26-000703-index.html","primary_entity_key":"0001935092","primary_entity_name":"Cyber Enviro-Tech, Inc."},"word_count":391,"has_tables":true,"body_markdown":"**Item 2. Properties.**\n\n \n\nOur executive offices are located at 6991 E. Camelback\nRoad, Suite D-300, Scottsdale, AZ 85251. We rent an executive office at the cost of $125/month and it is rented on a month-to-month basis.\nThe directors and officers of the company generally work from their home offices.\n\n \n\nOn February 10, 2021, CETI entered into an\nagreement with Danny Hyde, former operator of the Alvey Ranch oil field, to take over as the operator of record. Danny Hyde died\nduring 2021 and at the end of 2021, we renegotiated with the Estate of Danny Hyde (“EDH”) where CETI is to receive a\nhigher percentage of the Working Interest (gross revenue less royalty payments to the landowners). Of the 100% working interest\nunder the December 31, 2021 agreement between EDH and CETI, EDH receives 18.75% less its share of all operating costs, taxes,\nshipping and other expenses associated with the rework, production and delivery of oil from the existing wells on the Alvey Oil\nField. Said 18.75% working interest is to be paid in perpetuity. The remaining 81.25% working interest is to be paid to CETI less\nits share of taxes, shipping and other expenses associated with the rework, production and delivery of oil from the existing wells\non the Alvey oil field. For any new wells put into production by CETI, the working interest to EHD, less all its expenses, is 5%. In\naddition to the working interest payments due to EDH from well production, EDH will receive $450,000 to be paid in installments. As\nof December 31, 2024, the remaining amount owed is $343,500. This note was sold as part of the Alvey spinoff transaction which\nclosed on October 14, 2025.\n\n \n\nIn February 2025, CETI formed a wholly-owned Turkish\nsubsidiary, Cyber International Ltd, with an office in Istanbul. There are no operations yet, however the entity was formed\nto enable CETI to effectively manage its international contacts. \n\n \n\nIn June 2025, CETI formed a wholly-owned UAE\nsubsidiary, CETI International Environmental Solutions Inc, with an office in Dubai. There are no operations yet, however the\nentity was formed to enable CETI to effectively manage its international contacts. Our efforts to conduct business in the Middle\nEast may be delayed by geopolitical instability, military conflict involving Iran, regional security concerns, sanctions, travel restrictions,\nbanking limitations, customer delays, or changes in government approvals."}