---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-22-000504"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:35:55.520136+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Reviv3 amends voting agreement to exempt private placements and offerings up to $50M from issuance restrictions

## Summary
- Amendment effective Nov 7, 2022 modifies definition of "New Securities" in the Voting Agreement.
- New exemptions include private placements exempt from registration and securities offerings up to $50M per offering.
- Approval from Intrepid and Axil no longer required for such issuances as long as Axil holds majority of Preferred Shares.
- Jeff Toghraie, Reviv3 CEO, also serves as Managing Director of Intrepid, a party to the agreement.
- The amendment is effective immediately and governed by Delaware law.

## SEC filing metadata
- accession: 0001520138-22-000504
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013822000504/0001520138-22-000504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013822000504/rviv-20221109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-22-000504
- JSON: https://secwatch.observer/filing/0001520138-22-000504.json
- Plain text: https://secwatch.observer/filing/0001520138-22-000504.txt

## Key facts
- Material Agreements
  Axil Brands, Inc. amended Voting Agreement Amendment with Intrepid Global Advisors, Inc. valued at Amendment to Voting Agreement to revise securities exempted from term "New Securities" (effective 2022-11-07).
  - Action: amendment
  - Counterparty: Intrepid Global Advisors, Inc.
  - Value: Amendment to Voting Agreement to revise securities exempted from term "New Securities"
  - Effective: 2022-11-07
  source text: Effective as of November 7, 2022, Reviv3 Procare Company (the “Company”) entered into an amendment (the “Amendment”) to the Voting Agreement, effective as of June 16, 2022 (the “Voting Agreement”), by and among the Company, Intrepid Global Advisors, Inc. (“Intrepid), and Axil & Associated Brands Corp. (“Axil”), to revise the securities exempted from the term “New Securities,” as defined in the Voting Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718500/000152013822000504/0001520138-22-000504-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.