Brown Jeffrey B. → Axil Brands, Inc. AXIL

On January 10, 2025, BZ Capital elected to convert its 2,000,000 shares of Preferred Stock into 100,000 shares of Common Stock (in accordance with the Preferred Stock conversion ratio of twenty shares of Preferred Stock for one share of Common Stock) (the "Conversion"). Following the Conversion, BZ Capital no longer holds any shares of Preferred Stock. The Reporting Persons acquired the securities reported in this Statement for investment purposes. The Reporting Persons may in the future acquire additional securities of the Company or dispose of some or all of the securities of the Company held by the Reporting Persons in open-market transactions or privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable. None of the Reporting Persons has any present plan or proposal that would result in any of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as set forth herein or as may be proposed by Mr. Brown in his capacity as an officer or director of the Company or by the Board of Directors with his participation. The Reporting Persons reserve the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in the Company, including any or all of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.