Always start with a backup

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First, make a backup of your site,
Regular backup of WordPress files and DB (on your server)
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Step 1 download the new files:

Go to your account and download new files (https://themeforest.net/downloads).

After downloading a new version, extract the zip file we need to use azedw.zip

Step 2 upload the new file to your server:

you need to upload azedw.zip to the /wp-content/themes/

step 3 rename the old azedw theme 
you need to rename the old azedw theme  folder to __azedw

step 4 extract the new azedw zip file

after renaming the old folder you need to extract the new version on your server 

Now just make sure the site goes up as usual with no issues.

You can check the new version in Theme options 




That's it done.