Amendment Number 1 to Asset Purchase Agreement, dated June 15, 2022

Contract Categories: Business Finance - Purchase Agreements
EX-10.2 3 rviv-20220616_8kex10z2.htm EXHIBIT 10.2

Exhibit 10.2

 

 

 

AMENDMENT NUMBER 1

TO

ASSET PURCHASE AGREEMENT

This AMENDMENT NUMBER 1 TO Asset Purchase Agreement (this "Amendment") is made effective as of June 10, 2022 and amends that certain Asset Purchase Agreement dated May 1, 2022 (the “Purchase Agreement”), by and among (a) Reviv3 Procare Company, a Delaware corporation, (b) Reviv3 Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Reviv3 Procare Company, (c) Axil & Associated Brands Corp., a Delaware corporation, and (d) solely for purposes of Sections 3.32, 7.2, 7.7 and Article 8 of the Purchase Agreement, Teton 360 LLC, a Utah limited liability company, CBGK Consulting, LLC, a Delaware limited liability company, and Mowyco, LLC, a Utah limited liability company.

RECITALS

WHEREAS, parties to the Purchase Agreement wish to increase the “Cash Purchased” as defined in the Purchase Agreement;

NOW, THEREFORE, in consideration of the foregoing recital and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties to this Amendment agree as follows:

1. Section 2.1(xiv) of the Purchase Agreement is amended and restated in its entirety to read as follows: “all cash in excess of Two Hundred Fifty Thousand Dollars ($250,000) (the “Purchased Cash”) and the accounts receivable identified in Exhibit A hereto (the “Purchased Receivables”).”

2. Except as specifically amended hereby, all of the terms of the Purchase Agreement shall remain in full force and effect and are hereby ratified and confirmed.

3. This Amendment may be executed and delivered in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. A facsimile or other copy of a signature shall be deemed an original for purposes of this Amendment.

IN WITNESS WHEREOF, the parties to the Purchase Agreement have executed and delivered this Amendment as of the date first written above.

 

(Signatures on Following Page)

 

 

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  Reviv3 Procare Company, a Delaware corporation
       
       
  By:  /s/Jeff Toghraie
    Name: Jeff Toghraie  
    Title: Chief Executive Officer
       
  Reviv3 Acquisition Corp.  
       
       
  By:  /s/Jeff Toghraie  
    Name: Jeff Toghraie  
    Title: Chief Executive Officer
       
  Axil Corporation  
       
       
  By:  /s/Weston Harris  
    Name: Weston Harris  
    Title: Chief Executive Officer
       
  Teton 360, LLC  
       
       
  By:  /s/Weston Harris  
    Name: Weston Harris  
    Title: Managing Member  
       
  CBGK Consulting, LLC  
       
       
  By:  /s/Ken Williams  
    Name: Ken Williams  
    Title: Managing Member  
       
  Mowyco, LLC  
       
       
  By:  /s/Ray Bori  
    Name: Ray Bori  
    Title: Managing Member  

 

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