Document:

Exhibit 4.1

 

DESCRIPTION
OF REVIV3 PROCARE COMPANY COMMON STOCK

 

August
2022

﻿

The
following summarizes the terms and provisions of the common stock of Reviv3 Procare Company, a Delaware corporation (the “Company”),
which common stock is registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  The
following summary does not purport to be complete and is qualified in its entirety by reference to the Company’s Amended and Restated
Certificate of Incorporation, as amended (the “Certificate of Incorporation”), and Bylaws, which the Company has previously
filed with the Securities and Exchange Commission, and applicable Delaware law. 

﻿

Authorized
Capital 

﻿

The
Company’s authorized capital stock consists of 450,000,000 shares of common stock, $0.0001 par value per share (the “Common
Stock”), and 300,000,000 shares of preferred stock, $0.0001 par value per share (the “Preferred Stock”).

﻿

Under
Delaware law, stockholders generally are not personally liable for a corporation’s acts or debts.

﻿

Common
Stock

﻿

Dividend
Rights

﻿

Subject
to preferences that may be applicable to any then-outstanding shares of Preferred Stock, the holders of Common Stock are entitled to
receive such dividends, if any, as may be declared from time to time by the Company’s Board of Directors out of legally available
funds.

﻿

Voting
Rights 

﻿

Holders
of Common Stock are entitled to one vote for each share. There is no cumulative voting with respect to the election of directors. Directors
are elected by a plurality of the voting power of the shares present in person or represented by proxy and entitled to vote on the election
of directors. Except as otherwise required by law or the Company’s Certificate of Incorporation or Bylaws, all other matters brought
to a vote of the holders of Common Stock are determined by the affirmative vote of a majority of the voting power of the shares present
in person or represented by proxy at the meeting and entitled to vote. Except as otherwise required by law or as may be provided with
respect to any other outstanding class or series of the Company’s Preferred Stock, the holders of shares of Common Stock possess
the exclusive voting power.

﻿

Liquidation

﻿

In
the event of the Company’s liquidation, dissolution or winding up, the holders of Common Stock will be entitled to share ratably
in the net assets legally available for distribution to stockholders after the payment of all of the Company’s known debts and
other liabilities and the satisfaction of any liquidation preference granted to the holders of any then-outstanding shares of Preferred
Stock.

﻿

Rights
and Preferences

﻿

All
outstanding shares of Common Stock are duly authorized, fully paid and non-assessable. Holders of Common Stock have no preemptive, conversion,
subscription or other rights, and there are no redemption or sinking fund provisions applicable to the Common Stock. The rights, preferences,
and privileges of the holders of Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of
any series of Preferred Stock that the Company may designate in the future.

 

    1

     

    

﻿Quotation

 

The
Common Stock is quoted on the OTCQB under the symbol “RVIV.”

 

Preferred
Stock

﻿

The
Board of Directors has the authority, without further action by the holders of Common Stock, to issue up to 300,000,000 shares of Preferred
Stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges
could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and
the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of
Common Stock. The issuance of Preferred Stock could adversely affect the voting power of holders of Common Stock and the likelihood that
such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of Preferred Stock could have the
effect of delaying, deferring, or preventing a change of control of the Company or other corporate action. The Company has designated
250,000,000 shares of the Preferred Stock as Series A Preferred Stock (“Series A Preferred”), all of which are currently
outstanding.

 

Series
A Preferred 

 

The
Series A Preferred are convertible into shares of Common Stock on a one-for-one basis, at the option of the holder, at any time after
the second anniversary of the date of the first issuance of shares of Series A Preferred; provided, that the holder may not convert that
number of shares of Series A Preferred which would cause the holder to become the beneficial owner of more than 5% of the Common Stock,
as determined in accordance with Sections 13(d) and (g) of the Exchange Act, and the applicable rules and regulations thereunder. Holders
of the Series A Preferred have no dividend rights; however, no dividends or other distributions will be declared or paid on the Common
Stock unless dividends at the same rate have been paid or declared on the Series A Preferred, based on the number of shares of Common
Stock into which the Series A Preferred may then be converted. The Series A Preferred has no voting rights and is not subject to redemption.
The Series A Preferred ranks senior to the Common Stock with respect to payments upon the liquidation, dissolution and winding up of
the Company. The number of shares of Series A Preferred, and the Common Stock conversion ratio, are subject to adjustment upon the declaration
of a dividend on the Common Stock payable in shares of Common Stock, any split of the Common Stock or any combination or recapitalization
of the outstanding Common Stock into a different number of shares.

 

Anti-Takeover
Effects of Provisions of Delaware Law, the Company’s Certificate of Incorporation and Bylaws and Other Agreements

﻿

Certificate
of Incorporation and Bylaws

﻿

The
Company’s Certificate of Incorporation and Bylaws provide that the Company’s Bylaws may be altered, amended, repealed or
replaced by the Board of Directors without stockholder approval, to the extent permitted by law; provided, however, that an amendment
to the Bylaws adopted by stockholders that specifies the votes necessary for the election of directors will not be further amended or
repealed by the Board of Directors. The Company’s Bylaws allow the Company’s directors to establish the size of the Board
of Directors and fill vacancies on the Board, including those created by an increase in the number of directors (subject to the rights
of the holders of any series of Preferred Stock to elect additional directors under specified circumstances). The Company’s Board
of Directors has the power to retain and discharge its officers, which could make it more difficult for existing stockholders or another
party to effect a change in management. In addition, the authorization of undesignated Preferred Stock makes it possible for the Company’s
Board of Directors to issue Preferred Stock with voting or other rights or preferences that could impede the success of any attempt to
change the Company’s control.

 

The
provisions described above may have the effect of deterring hostile takeovers or delaying changes in the Company’s control or management.

 

    2

     

    

Delaware
Anti-Takeover Law

 

The
Company is not currently subject to Section 203 of the Delaware General Corporation Law (“Section 203”), which generally
prohibits a public Delaware corporation from engaging in a “business combination” with an “interested stockholder”
for a period of three years after the date of the transaction in which the person became an interested stockholder unless:

 

		●	prior
                                            to the date of the transaction, the board of directors of the corporation approved either
                                            the business combination or the transaction that resulted in the stockholder becoming an
                                            interested stockholder;

 

		●	upon
                                            completion of the transaction that resulted in the stockholder becoming an interested stockholder,
                                            the interested stockholder owned at least 85% of the voting stock of the corporation outstanding
                                            at the time the transaction commenced, excluding for purposes of determining the number of
                                            shares outstanding (but not the outstanding voting stock owned by the interested stockholder)
                                            those shares owned by (i) persons who are directors and also officers and (ii) employee stock
                                            plans in which employee participants do not have the right to determine confidentially whether
                                            shares held subject to the plan will be tendered in a tender or exchange offer; or

 

		●	on
                                            or after such date, the business combination is approved by the board of directors and authorized
                                            at an annual or special meeting of stockholders, and not by written consent, by the affirmative
                                            vote of at least two-thirds of the outstanding voting stock that is not owned by the interested
                                            stockholder.

﻿

﻿In
general, Section 203 defines “business combination” to include the following:

 

		●	any
                                            merger or consolidation involving the corporation and the interested stockholder;

 

		●	any
                                            sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one transaction
                                            or a series of transactions), except proportionately as a stockholder of such corporation,
                                            to or with the interested stockholder, of assets of the corporation, which assets have an
                                            aggregate market value equal to 10% or more of either the aggregate market value of all the
                                            assets of the corporation determined on a consolidated basis or the aggregate market value
                                            of all the outstanding stock of the corporation;

 

		●	subject
                                            to certain exceptions, any transaction that results in the issuance or transfer by the corporation
                                            of any stock of the corporation to the interested stockholder;

 

		●	subject
                                            to certain exceptions, any transaction involving the corporation that has the effect, directly
                                            or indirectly, of increasing the interested stockholder’s proportionate share of the
                                            stock of any class or series, or securities convertible into the stock of any class or series,
                                            of the corporation; and

 

		●	any
                                            receipt by the interested stockholder of the benefit, directly or indirectly (except proportionately
                                            as a stockholder of such corporation), of any loans, advances, guarantees, pledges or other
                                            financial benefits provided by or through the corporation.

﻿

In
general, Section 203 defines an “interested stockholder” as an entity or person that, together with the person’s affiliates
and associates, beneficially owns, or within three years prior to the time of determination of interested stockholder status did own,
15% or more of the outstanding voting stock of the corporation.

﻿

Authorized
and Unissued Shares

﻿

The
Company’s authorized and unissued shares of Common Stock are available for future issuance without stockholder approval except
as may otherwise be required by applicable regulations or Delaware law.  The Company may issue additional shares for a variety
of purposes, including future offerings to raise additional capital, to fund acquisitions and as employee and consultant compensation.
The existence of authorized but unissued shares of Common Stock could render more difficult, or discourage an attempt, to obtain control
of the Company by means of a proxy contest, tender offer, merger or otherwise.

﻿

    3

     

    

The
issuance of shares of authorized and unissued Preferred Stock by the Company could have certain anti-takeover effects under certain circumstances,
and could enable the Board of Directors to render more difficult or discourage an attempt to obtain control of the Company by means of
a merger, tender offer or other business combination transaction directed at the Company by, among other things, placing shares of Preferred
Stock with investors who might align themselves with the Board of Directors.

 

Voting
Agreement 

 

In
connection with an Asset Purchase Agreement among the Company, its wholly owned subsidiary, Axil & Associated Brands Corp. (“Axil”)
and certain stockholders of Axil, dated May 1, 2022 (as amended, the “Asset Purchase Agreement”), the Company, Axil and Intrepid
Global Advisors, which is a stockholder of both Axil and the Company of which Jeff Toghraie, Chairman and Chief Executive Officer of
the Company, is a managing director, entered into a voting agreement, effective as of June 16, 2022, pursuant to which, among other things:
(i) the Company agreed not to issue new capital stock of the Company for two years following the closing of the Asset Purchase Agreement
without the approval of both Axil and Intrepid, subject to certain exceptions; and (ii) Axil irrevocably appointed the Chief Executive
Officer and Secretary of the Company as proxies of Axil, to vote with respect to all shares of capital stock beneficially owned by Axil
for the two years following the closing of the Asset Purchase Agreement.

 

    4

    

 

﻿Exhibit 10.2.1

 

FIRST
AMENDMENT TO LEASE

 

This
First Amendment to Lease (the “First Amendment”) is dated for reference purposes the 12th day of September,
2019 and is entered into by and between ACEM, LLC, a California limited liability company (“Landlord”), and REVIV3
PORCARE COMPANY, a Delaware corporation (“Tenant”), with reference to the following recitals.

 

R E C I T A L S:

 

A.
On or about September 28, 2016, Landlord as successor-in-interest to The Realty Associates Fund VIII, LP (“Prior Landlord”)
and Tenant entered into a Standard Industrial Lease (the “Original Lease”) for the certain premises commonly known
as Suite 5 (the “Premises”) 9480 Telstar Avenue, El Monte, California (the “Building”). Unless
otherwise defined herein, capitalized words and phrases shall have the same meanings as those set forth in the Lease.

 

B.
The term of the Lease will expire on October 31, 2019, and Landlord and Tenant desire to extend the term of the Lease for Three (3) years
beginning on December 1, 2019.

 

C.
Landlord and Tenant wish to amend the Lease on the terms and conditions set forth below.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiently of which is hereby acknowledged, the parties hereto agree
as follows:

 

1.
Term. The Term of this Lease is extended for Three (3) years, and the term of the Lease shall end on November 30, 2022.

 

2.
Base Rent. As of December 1, 2019, the monthly Base Rent due and payable by Tenant to Landlord under the Lease shall be as follows:

 

	Period	Monthly
Base Rent 

    /RSF
	Base
    Rent Due 

    Each Month
	12/01/2019
    – 11/30/2020	$1.06	$7,567.34
	12/01/2020
    – 11/30/2021	$1.10	$7,852.90
	12/01/2021
    – 11/30/2022	$1.14	$8,138.46

 

3.
Tenant Improvement. Tenant shall accept the premises “AS-IS” condition unless otherwise mentioned.

 

4.
Monthly Operating Expanse Reimbursement. As of the Extension Effective Date. Tenant shale continue to pay to Landlord a fixed
monthly operating expanse payment of $499.73 per month as per Tenant’s existing Lease. Landlord may, from time to time, recalculate
the rentable square feet contained with the Premises, the Building and/or the Building (including, without limitation in connection with
any expansion, contraction or reconfiguration of any of them) and, upon on completion thereof, Landlord shall adjust Tenant’s CAM
Contribution and shall notify Tenant in writing of any such adjustment stating therein the effective date of such adjustment.

 

5.
Security Deposit. Tenant has previously provided to Landlord a security deposit in the amount of $14,849.12. Concurrently with
the execution of this First Amendment by Tenant, Tenant shall pay to Landlord an additional security deposit in the amount of $1,427.80
(the “Additional Deposit”). After Landlord receives the Additional Deposit, Tenant’s total security deposit
shall be $16,276.92.

 

6.
Base Year. As of December 1, 2019, Tenant’s Base year shall be adjusted to 2019 calendar year.

 

     

     

    

7.
Conflict. If there is a conflict between the terms and conditions of this First Amendment and the terms and conditions of the
Lease, the terms and conditions of this First Amendment shall control. Except as modified by this First Amendment, the terms and conditions
of the Lease shall remain in full force and effect. Capitalized terms included n this First Amendment shall have the same meaning as
capitalized terms in the Lease unless otherwise defined herein. Tenant hereby acknowledges and agrees that the Lease is in full force
and effect, Landlord is not currently in default under the Lease, and, to the best of Tenant’s knowledge, no event has occurred
which, with the giving of notice or the passage of time, or both, would ripen into Landlord’s default under the Lease. The Lease,
as hereby amended, contains all agreements of the parties with respect to the lease of the Premises. No prior or contemporaneous agreement
or understanding pertaining to the Lease, as hereby amended, shall be effective.

 

8.
Authority. The persons executing this First Amendment on behalf of the parties hereto represent and warrant that they have the
authority to execute this First Amendment on behalf of said parties and that said parties have authority to enter into this First Amendment.

 

9.
Brokers. Tenant and Landlord each represent and warrant to the other that neither has had any dealings or entered into any agreements
with any person, entity, broker or finder other than David Broker Inc., who has exclusively represented Landlord, in connection with
the negotiation of this First Amendment, and no other broker, person, or entity is entitled to any commission or finder’s fee in
connection with the negotiation of this First Amendment, and Tenant and Landlord each agree to indemnify, defend and hold the other harmless
from and against any claims, damages, costs, expenses, attorneys’ fees or liability for compensation or charges which may be claimed
by any such unnamed broker, finder or other similar party by reason of any dealings, actions or agreements of the indemnifying party.

 

10.
Confidentiality. Tenant acknowledges and agrees that the terms of this First Amendment are confidential and constitute proprietary
information of Landlord. Disclosure of the terms hereof could adversely affect the ability of Landlord to negotiate other leases with
respect to the property and may impair Landlord’s relationship with other tenants of the property. Tenant agrees that it and its
partners, officers, directors, employees, brokers, and attorneys, if any, shall not disclose the terms and conditions of this First Amendment
to any other person or entity without the prior written consent of Landlord which may be give or withheld by Landlord, in Landlord’s
sole discretion. It is understood and agreed that damages alone would be an inadequate remedy for the breach of this provision by Tenant,
and Landlord shall also have the right to seek specific performance of this provision and to seek injunctive relief to prevent its breach
or continued breach.

 

11.
Delivery of Amendment. Preparation of this First Amendment by Landlord or Landlord’s agent and submission of same to Tenant
shall not be deemed an offer by Landlord to enter into this First Amendment. This First Amendment shall become binding upon Landlord
only when fully executed by all parties. The delivery of this First Amendment to Tenant shall not constitute an agreement by all parties.
The delivery of this First Amendment to Tenant shall not constitute an agreement by Landlord to negotiate in good faith, and Landlord
expressly disclaims any legal obligation to negotiate in good faith.

 

    2

     

    

12.
Execution. This First Amendment and any documents or addenda attached hereto (collectively, the “Documents”)
may be executed in two or more counterpart copies, each of which shall be deemed to be an original and all of which together shall have
the same force and effect as if the parties had executed a single copy of the Document. Landlord shall have the right, in Landlord’s
sole discretion, to insert the name of the person executing a Document on behalf of Landlord in Landlord’s signature block using
an electronic signature (an “Electronic Signature”), and in this event the Document delivered to Tenant will not include
an original ink signature and Landlord shall have no obligation to provide a copy of such Document to Tenant with Landlord’s original
ink signature. A Document delivered to Tenant by Landlord with an Electronic Signature shall be binding on Landlord as if the Document
had been originally executed by Landlord with an ink signature. Without the prior written consent of Landlord, which may be withheld
in Landlord’s sole discretion, Tenant shall not have the right to insert the name of the person executing the Document on behalf
of Tenant using an Electronic Signature and Documents shall be originally executed by Tenant using an ink signature. A Document executed
by Landlord or Tenant and delivered to the other party in PDF, facsimile or similar electronic format (collectively, “Electronic
Format”) shall be binding on the party delivering the executed Document with the same force and effect as the delivery of a
printed copy of the Document with an original ink signature. At any time upon Landlord’s written request, Tenant shall provide
Landlord with a printed copy of the Document with an original ink signature. This Section describes the only ways in which Documents
may be executed and delivered by the parties. An email from Landlord, its agents, brokers, attorneys, employees or other representatives
shall never constitute Landlord’s Electronic Signature or be otherwise binding on Landlord. Subject to the limitations set forth
above, the parties agree that a Document executed using an Electronic Signature and/or delivered in Electronic Format may be introduced
into evidence in a proceeding arising out of or related to the Document as if it was a printed copy of the Document executed by the parties
with original ink signatures. Landlord shall be no obligation to retain copies of Documents with original ink signatures, and Landlord
shall have the right, in its sole discretion, to elect to discard originals and to retain only copies of Documents in Electronic Format.

 

[Remainder
of page left intentionally blank.]

 

    3

     

    

IN
WITNESS WHEREOF, the parties hereby execute this First Amendment as of the date first written above.

 

LANDLORD:

 

ACEM,
LLC,

A
California limited liability company

 

  

 

 

    4

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