Document:

EX-4.1

 Exhibit 4.1 

AMENDMENT TO RIGHTS AGREEMENT 

This AMENDMENT TO RIGHTS AGREEMENT (this “Amendment”) is entered into this 12th day
of January 2022, between Nam Tai Property Inc., a company incorporated under the laws of the British Virgin Islands (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company, as Rights Agents (the
“Rights Agent”), and amends that certain Rights Agreement, dated as of December 13, 2021, between the Company and Rights Agent (the “Rights Agreement”). All capitalized terms used herein and not otherwise defined herein
shall have the meaning(s) ascribed to them in the Rights Agreement. 
 WHEREAS, the Company and the Rights Agent are parties to the
Rights Agreement; 
 WHEREAS, pursuant to Article V, Section 5.4 of the Rights Agreement, the Company and the Rights Agent may
supplement or amend the Rights Agreement in any respect without the approval of any holders of Rights prior to the Flip-in Date in accordance with the terms of such Rights Agreement; and 

WHEREAS, the Board of Directors of the Company has determined that it is desirable and in the best interest of the Company to amend the
definition of “Acquiring Person” in Article I, Section 1.1 of the Rights Agreement, in accordance with Article V, Section 5.4 thereof, and to make certain related amendments. 

 NOW THEREFORE, in consideration of the premises and the respective agreements set forth
herein, the parties hereby agree as follows: 
  

	 	1.	 Amendment to Article I, Section 1.1; Definition of “Acquiring Person”. The
definition of “Acquiring Person” set forth in Article I, Section 1.1 of the Rights Agreement is hereby amended and restated in its entirety to read as follows: 

““Acquiring Person” shall mean any Person who is or becomes the Beneficial Owner of 20% or more of the issued Shares at any time
after the first public announcement of this Agreement; provided, however, that the term “Acquiring Person” shall not include any Person (i) who is the Beneficial Owner of 20% or more of the issued Shares at the time of the first
public announcement of the adoption of this Agreement, who has disclosed the full extent of such Beneficial Ownership of Shares on Schedule 13D under the Exchange Act (as hereinafter defined) and the rules and regulations thereunder and in
accordance with any other applicable law, rule or regulation as such disclosure is in effect at the time of the first public announcement of the adoption of this Agreement, and who continuously thereafter is the Beneficial Owner of 20% or more of
the issued Shares, until such time thereafter as such Person becomes the Beneficial Owner (other than by means of a share dividend, share split or reclassification) of additional Shares that, in the aggregate, amount to 0.1% or more of the issued
Shares, (ii) who is an Exempt Person, (iii) who becomes the Beneficial Owner of 20% or more of the issued Shares after the time of the first public announcement of this Agreement solely as a result of (A) an acquisition by the Company
of Shares, until such time after the public announcement by the Company of such repurchases as such Person becomes the Beneficial Owner (other than by means of a share dividend, share split or reclassification) of additional Shares that, in the
aggregate, amount to 0.1% or more of the issued Shares while such Person is or as a result of which such Person becomes the Beneficial Owner of 20% or more of the issued Shares, (B) the occurrence of a
Flip-in Date which has not resulted from the acquisition of Beneficial Ownership of Shares by such Person or any of such Person’s Affiliates or Associates or (iv) who becomes the Beneficial Owner of
20% or more of the issued Shares but who acquired Beneficial Ownership of Shares without any plan or intention to seek or affect control of the Company, if such Person promptly divests, or promptly enters into an agreement with, and satisfactory to,
the Board of Directors, in the Board of Directors’ sole discretion, to divest, and subsequently divests in accordance with the terms of such agreement (without exercising or retaining any power, including voting power, with respect to such
shares), sufficient Shares (or securities convertible into, exchangeable into or exercisable for Shares or otherwise deemed to be Beneficially Owned by such Person) so that such Person ceases to be the Beneficial Owner of 20% or more of the issued
Shares. In addition, the Company, any Subsidiary of the Company and any employee share ownership plan or other employee benefit plan of the Company or a Subsidiary of the Company (or any entity or trustee holding Shares for or pursuant to the terms
of any such plan or for the purpose of funding any such plan or funding other employee benefits for employees of the Company or of any Subsidiary of the Company) shall not be an Acquiring Person. Notwithstanding the foregoing, any Person who was not
required to file a Schedule 13D as of the time of the public announcement of this Agreement or who has acquired additional Shares since the date of its last filing on Schedule 13D, so that it does not fit within the exemption in subsection
(i) of this definition, shall not be an Acquiring Person if the failure to make an initial or amended filing was not in violation of Rules 13d-1 or 13d-2 and such
Person promptly divests or promptly enters into an agreement with, and satisfactory to, the Board of Directors, in the Board of Directors’ sole discretion, to divest, and subsequently divests in accordance with the terms of such agreement
(without exercising or retaining any power, including voting power, with respect to such shares), (x) the number of Shares which were acquired since the last filing by such Person and prior to the public announcement of the adoption of this
Agreement with respect to Persons who have a Schedule 13D on file and (y) the number of Shares which result in Beneficial Ownership of 20% or more of the issued Shares with respect to Persons who have not made an initial Schedule 13D filing,
and the Board of Directors, in its sole discretion, may determine to exempt any such Person from the requirement in this sentence to divest shares. In addition, Deutsche Bank AG, Hong Kong Branch which owns Shares as described by the receivers
acting on its behalf (appointed pursuant to the Deed of Appointment of Receivers dated December 3, 2021) to the interim Chief Financial Officer of the Company on December 7, 2021 shall not be an Acquiring Person with respect to the
ownership of the Shares position described to the Company until such time after the public announcement of the adoption of this Agreement as such entity becomes the Beneficial Owner (other than by means of a share dividend, share split or
reclassification) of additional Shares that, in the aggregate, amount to 0.1% or more of the issued Shares while such entity is the Beneficial Owner of 20% or more of the issued Shares.” 

	 	2.	 Amendment to Article I, Section 1.1; New Defined Term. The definition of the term
“Exempt Person” is hereby added to Article I, Section 1.1 of the Rights Agreement in alphabetical order to read as follows: 

““Exempt Person” shall mean any Person determined by the Board of Directors to be an “Exempt Person” only if and for
so long as such Person complies with limitations or conditions, if any, required by the Board of Directors in making such determination; provided, however, that any Person determined to be an “Exempt Person” will cease to be an
“Exempt Person” if the Board of Directors, in its sole discretion, determines that such Person’s Beneficial Ownership would, notwithstanding any prior determination, be contrary to the best interests of the Company. Any determination
hereunder may be subject, in whole or in part, to limitations or conditions (including a requirement that such Exempt Person agree that it will not acquire Beneficial Ownership of Shares in excess of the maximum number and percentage of Shares
previously approved by the Board of Directors), in each case as and to the extent the Board of Directors determines is necessary or desirable.” 
  

	 	3.	 Continuing Effect. The term “Agreement” as used in the Rights Agreement shall be deemed to
refer to the Rights Agreement, as amended hereby. The Rights Agreement, as modified by this Amendment, will remain in full force and effect. Upon the execution and delivery of this Amendment by the parties hereto as of the date first above written,
the Rights Agreement shall thereupon be deemed to be amended as set forth as fully and with the same effect as if the amendments made hereby were originally set forth in the Rights Agreement, and this Amendment and the Rights Agreement shall be
read, taken and construed as one and the same instrument, but such amendments shall not operate so as to render invalid or improper any action taken under the Rights Agreement. 

 

	 	4.	 Severability. If any term or provision of this Amendment or the application thereof to any circumstance
shall, in any jurisdiction and to any extent, be invalid or unenforceable, such term or provision shall be ineffective as to such jurisdiction to the extent of such invalidity or unenforceability without invalidating or rendering unenforceable the
remaining terms and provisions of this Amendment or the application of such term or provision to circumstances other than those as to which it is held invalid or unenforceable; provided, that if any such excluded term or provision shall adversely
affect the rights, immunities, duties or obligations of the Rights Agent, the Rights Agent shall be entitled to resign immediately. 

  

	 	5.	 Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of
Delaware and for all purposes shall be governed by and construed in accordance with the laws of such state applicable to contracts entered into, made within, and to be performed entirely within such state without giving effect to any choice or
conflict of laws provisions or rules that would cause the application of laws of any jurisdiction other than the state of Delaware; provided, however, that all provisions regarding the rights, duties, liabilities and obligations of the Rights Agent
shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts entered into, made within, and to be performed entirely within such state. 

	 	6.	 Counterparts. This Amendment may be executed in any number of counterparts (including facsimile, PDF or
other electronic means), and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

 

	 	7.	 Officer’s Certificate. By executing this Amendment below, the undersigned duly appointed officer of
the Company certifies that this Amendment is in compliance with the terms of the Rights Agreement. 

 [Signature Page
Follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Rights Agreement to
be duly executed as of the date first above written. 
  

			
	 NAM TAI PROPERTY
INC.

 
					
		
	By:	 	 /s/ Steven Parker

		 	Name:	 	Steven Parker
		 	Title:	 	Chief Financial Officer and Authorized Signatory

 
			
	
	 COMPUTERSHARE TRUST COMPANY,
N.A.

 
					
		
	By:	 	 /s/ Dennis V. Moccia

		 	Name:	 	Dennis V. Moccia
		 	Title:	 	Senior Manager, Contract Operations

  
 [Signature Page to
Amendment to Rights Agreement]Exhibit 10.1

 

FIRST AMENDMENT TO SECURED CONVERTIBLE NOTE

 

THIS FIRST AMENDMENT AGREEMENT is made as January
13, 2022.

 

WHEREAS, reference is
made to the Secured Convertible Note issued July 19, 2021 (the “Note”) issued by Clever Leaves Holdings Inc. (the “Company”)
in favor of Catalina LP (the “Holder”); and

 

WHEREAS, the parties wish
to amend the Note in accordance with the terms and conditions of this first amendment agreement (this “First Amendment Agreement”).

 

NOW, THEREFORE, in consideration
of the premises and mutual agreements contained in this Agreement and in the Note, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree, as follows:

 

1.    DEFINITIONS.
All capitalized terms not otherwise defined herein (including the recitals above) are used as defined in the Note.

 

2.  ACKNOWLEDGMENT. Each of the Company
and the Holder hereby acknowledge and agree that, as of the date of this First Amendment Agreement, there have been a total of $5,559,285.60
in redemptions of Principal (with 720,085 Common Shares being issued to the Holder) made in accordance with Section 4 of the Note, and
accordingly pursuant to Section 4(c)(i) of the Note, further redemptions made in accordance with Section 4 of the Note from the date hereof
through and including July 19, 2022 shall not exceed an additional $6,940,714.40 of Principal in aggregate.

 

3.    TEMPORARY
AMENDMENT.

 

(a)    The
amendments contemplated by this Section 3 of the First Amendment Agreement shall expire, and be of no further force or effect, at 11:59
p.m. on July 19, 2022 (i.e., one (1) year after the Issuance Date), and from and after that date the original terms of the Note shall
apply.

 

(b)
    Subject to Section 3(a) above, as of the date hereof, the Note is hereby amended as
follows:

 

(i)    Section
4(b) of the Note is deleted in its entirety, and replaced with the following:

 

		“(b)	Redemption for Cash. Subject to the limitations provided herein and in Section 4(c)(i), on any Trading
Day on which the closing price per Common Share quoted by the applicable Eligible Market was below US$2.20 on any ten (10) of the previous
twenty (20) Trading Days, the Holder will have the right to elect to receive cash repayments on account of Principal and accrued Interest
by giving notice in writing to the Company no less than fifteen (15) days in advance of such cash repayment, provided that at the time
such notice is given, the aggregate amount of the cash repayment elections made by the Holder under this Section 4(b) in any given calendar
month shall not exceed the amount equal to US$3,500,000 less the sum of all redemptions made by the Holder pursuant to Sections 4(c)(iii)(w),
(x), and (z) in such calendar month. For greater certainty, if, on the date of the required cash repayment following a notice by the Holder
made under this Section 4(b), the closing price per Common Share quoted by the applicable Eligible Market was not below US$2,20 on any
ten (10) of the previous twenty (20) Trading Days, the cash repayment is still required to be made. Notwithstanding the foregoing cash
repayments under this Section 4(b) shall be limited to an amount equal to $6,940,714.40, less (i) any redemptions made by the Company
and Holder pursuant to sections 4(c)(iii)(w), (x), and (z) and less (ii) any previous cash repayments made by the Company.

 

    

    

    

 

(ii)    Section
4(c)(ii) is deleted in its entirety, and replaced with the following:

 

“(ii)The Company shall not be
entitled to deliver an Optional Redemption Notice for the redemption of all or any portion of the Notes for Common Shares prior to July
19, 2022. Neither party shall be entitled to deliver an Optional Redemption Notice for the redemption of all or any portion of the Notes
for Common Shares if at the time the Registration Statement is not effective.”

 

(iii)    The
following is added as Section 4(c)(iii) of the Note:

 

“(iii)In addition to the limitations
provided for in Section 4(c)(i) and (ii), unless otherwise agreed to by the parties and subject to the rules and regulations of the Principal
Market,

 

(w)    from
and after February 1, 2022, the Holder may redeem up to an aggregate amount of US$2,000,000 (the “Base Redemption Amount”)
on any day during a calendar month at the Optional Redemption Price;

 

(x)    from
and after February 1, 2022, the Holder may redeem up to an additional US$1,500,000 (the “Additional Redemption Amount”)
on any day during a calendar month provided that the price for any such redemptions shall be equal to the greater of (i) US$4.60 and (ii)
an 8% discount to the 4-day VWAP (subject to adjustment as provided herein);

 

(y)    it
is acknowledged and agreed that no redemptions under the Note were made between November 23, 2021 and the date hereof, and the Company
and the Holder have agreed that from the date hereof to January 31, 2022:

 

(A) the Holder may redeem up to US$4,000,000
(the “Make-Up Base Redemption Amount”) during that period, provided such redemptions occur at the Optional Redemption
Price; and

 

(B) the Holder may redeem up to an additional
US $3,000,000 (the “Make-Up Additional Redemption Amount”) during that period, provided that the price for any such
additional redemptions shall be equal to the greater of (i) US$4.60 and (ii) an 8% discount to the 4-day VWAP (subject to adjustment as
provided herein).

 

    2

    

    

 

(z)    notwithstanding
the foregoing, if the full amount of Base Redemption Amount, Additional Redemption Amount, Make-Up Base Redemption Amount or Make-Up Additional
Redemption Amount in an applicable calendar month is not redeemed, the Holder may redeem the aggregate amount of the unused portion of
the Base Redemption Amount, Additional Redemption Amount, Make-Up Base Redemption Amount or Make-Up Additional Redemption Amount at any
time in the future;

 

(iv)    The
following definition of “4-day VWAP” is added to Section 32 of the Note:

 

“4-day VWAP” means the
lowest of the volume-weighted average trading price of the Common Shares on the Principal Market, during the period beginning at 9:30
a.m., New York time, and ending at 4:00 p.m., New York time, as reported by Bloomberg through its “VAP” function (set to 09:30
start time and 16:00 end time) on each of the three (3) trading days prior to and plus the date of the Optional
Redemption Notice.”

 

(v)    The
definition of “Optional Redemption Price” in Section 32(cc) of the Note is deleted in its entirety and replaced with the following:

 

““Optional Redemption Price”
means, as of the date of determination, the greater of (i) a price per Common Share that is equal to an 8% discount to the 4-day VWAP
and (ii) US$2.208, subject to adjustment as provided herein.”

 

4.    AMENDMENT

 

(a)    As
of the date hereof, the Note is hereby amended as follows:

 

(i)    Section
32(g) is deleted in its entirety, and replaced with the following:

 

“(g) “Change
of Control” means (a) the consummation of any transaction (including without limitation, any merger or consolidation) the result
of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) of 1934, as amended (the “Exchange
Act”) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly,
of more than 50% of the ordinary voting power for the election of directors of the Company ; or (b) at any time, the Company shall cease
to own, directly or indirectly, legally and beneficially, one hundred percent (100%) of the issued and outstanding capital stock of any
Guarantor.”

 

5.    REPRESENTATIONS
AND WARRANTIES. The Company agrees with and confirms to the Holder that as of the date hereof each of the representations and warranties
contained in Section 3.2 of the Note Purchase Agreement are true and accurate in all material respects, except to the extent that they
relate to an earlier date, in which case they are true and correct as of such date.

 

    3

    

    

 

6.    REGISTRATION
STATEMENT. For the avoidance of doubt (1) the Company hereby represents and warrants to the Holder that the Registration Statement
filed by the Company on August 16, 2021 remains effective as of the date hereof; and (2) in accordance with the terms and conditions of
the Registration Rights Agreement, the Company covenants and agrees to prepare and file with the SEC an amendment to such Registration
Statement and/or file a new registration statement (a “New Registration Statement”), at such time as the Company and
Holder mutually agree, acting reasonably, that an amendment to such Registration Statement or a New Registration Statement is required
in order to enable the registration of all Registrable Securities (as defined in the Registration Rights Agreement) in accordance with
the terms of the Registration Rights Agreement and the Note, as amended.

 

7.    GENERAL.

 

(a)    References
to Note. Upon the effectiveness of this First Amendment Agreement, each reference in the Note to “this Note”, “hereunder”,
“hereof”, “herein” or words of like import shall mean and be a reference to the Note, as amended by this First
Amendment Agreement, and each reference to the Note in any other document, instrument or agreement executed and/or delivered in connection
with the Note shall mean and be a reference to the Note, as amended by this First Amendment Agreement.

 

(b)    Effect
on Note. The Note, as amended and modified hereby, the Security, and all other documents, instruments and agreements executed and/or
delivered in connection therewith, shall remain in full force and effect and are hereby ratified and confirmed.

 

(c)    No
Waiver. The execution, delivery and effectiveness of this First Amendment Agreement shall not operate as a waiver of any right, power
or remedy of any party under the Note Purchase Agreement dated July 19, 2021, between the Company and the Holder or any other document,
instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically
set forth herein.

 

(d)    Governing
Law. This First Amendment Agreement shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this First Amendment Agreement shall be governed by, the laws of the Province of Alberta and
the federal laws of Canada applicable therein, without giving effect to any choice of law or conflict of law provision or rule (whether
of the Province of Alberta or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the
Province of Alberta.

 

(e)    Successors
and Assigns. This First Amendment Agreement shall be binding upon and shall enure to the benefit of the parties hereto and their respective
successors and assigns in accordance with the Note.

 

(f)    Headings.
The section headings in this First Amendment Agreement are inserted for convenience of reference only and shall not affect the meaning
or interpretation of this First Amendment Agreement or any provision hereof.

 

(g)    Counterparts.
This First Amendment Agreement may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original
and all of which shall constitute together but one and the same agreement. Delivery by facsimile or email of an executed signature page
of this First Amendment Agreement shall be as effective as delivery of an original executed counterpart thereof.

 

(h)    Time
of Essence. Time shall be of the essence hereof.

 

(The remainder of this page is intentionally
blank; signature pages follow.)

 

    4

    

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this First Amendment Agreement.

 

	 	CLEVER LEAVES HOLDINGS INC.
	 	 
	 	Per:	/s/ Kyle Detwiler
	 	 	Name: 	Kyle Detwiler
	 	 	Title:	Chief Executive Officer

 

	 	CATALINA LP, by its general partner, CATALINA GP INC
	 	 
	 	Per:	/s/ Ryan Dunfield
	 	 	Name: 	Ryan Dunfield
	 	 	Title:	President

 

(Signature Page –
First Amendment Agreement)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]