Document:

Exhibit 4.22

 

Supplemental
                                        Agreement

 

	Hereinafter Referred to as Party A (lessor) :	 
	 	 
	Hailiang Education Investment Group Co., Ltd. 	 
	 	 
	Hereinafter Referred to as Party B (lessee) :	 
	 	 
	Zhuji Hailiang After-School Service Co., Ltd.	 

 

WHEREAS,

 

Party A and Party B entered into Campus
Management Service Agreement and Agreement on Exemption of Leasing Payment (hereinafter referred to as “Original
Agreements”) on April 28, 2019. Pursuant to the Original Agreements, Party A shall lease the land, buildings and, facilities
located in the West of the Third Ring of Taozhu Street, Zhuji City (approximately floor area 46,749 square meters) to Party B as
school campus, in consideration of management service fee (“Management Service Fee”) from Party B.

 

THEREFORE,

 

Party A and Party B have reached following
supplemental agreement (the “Supplemental Agreement”) after fair and friendly negotiation.

 

1. From July 1, 2019 to June 30, 2022, the
Management Service Fee shall increase by 5% of the fee schedule set forth in the Original Agreement. From July 1, 2022 to June
30, 2037, the Management Service Fee shall increase by 3% each year.

 

2. Party A agrees to allow Party B to pay off
the Management Service Fee for the remaining 18 years within the term of the Original Agreement by a one-off payment, with a discounted
amount accounting for the time cost of advance payment. Party B shall arrange the payment of RMB36,956,260 within 30 days upon
execution of this Supplemental Agreement.

 

3. Party B shall pay off the remaining 18 years
Management Service Fee by a one-off payment. Party A shall allocate the aggregate amount of the one-off payment equally to each
year within the term of the agreement, and issue an invoice to Party B annually for the Management Service Fee of that year. The
amount of annual invoice shall be RMB2,053,125.56.

 

    	 	 	 

     

    

 

4. If the campuses conditions change due to
reasons in connection with external environment, public policies, or other force majeure factors, the Parties may terminate this
Supplemental Agreement before the end of term by friendly negotiation, in which case Party B shall pay Management Service Fee based
on the actual use period of the campuses, and Party A shall return the Management Service Fee for the unused period to Party B
according to the calculation method stipulated in Supplemental Agreement.

 

5. In the event of a dispute arising out of
or relating to this Supplemental Agreement, the parties shall seek settlement of that dispute by negotiation or mediation by related
department. In the event that the dispute is not settled by negotiation or mediation, Parties shall submit the dispute to the court
with valid jurisdiction to resolve the matter.

 

6. If there is inconsistency between this Supplemental
Agreement and the Original Agreement or any other contractual agreement, this Supplemental Agreement shall prevail.

 

7. This Supplemental Agreement may be executed
in two counterparts, each shall be deemed original.

 

8. The Parties have hereto signed this Supplemental
Agreement in Hangzhou City, Zhejiang Province. By mutual consent, July 1, 2019 is the effective date of the agreement.

 

	Party A: (Corporate Seal)	 	Party B: (Corporate Seal)
	 	 	 
	Date:	 	Date:Exhibit 4.23

 

Supplemental Agreement

 

	Hereinafter Referred to as Party A (lessor) :	 
	 	 
	Hailiang Education Investment Group Co., Ltd. 	 
	 	 
	Hereinafter Referred to as Party B (lessee) :	 
	 	 
	Zhuji Hailiang Logistics Services Co., Ltd.	 

 

WHEREAS,

 

Party A and Party B entered into Campus
Management Service Agreement and Agreement on Exemption of Leasing Payment (hereinafter referred to as “Original
Agreements”) on April 28, 2019. Pursuant to the Original Agreements, Party A shall lease the land, buildings and, facilities
located in West of the Third Ring of Taozhu Street, Zhuji City (approximately floor area 110,429 square meters), No. 8, Huancheng
North Road, Zhuji City (approximately floor area 87,118 square meters) and No. 2, Zhanjiashan Branch Road, Jiyang Street, Zhuji
City (approximately floor area 41,154 square meters) to Party B as school campus, in consideration of management service fee (“Management
Service Fee”) from Party B.

 

THEREFORE,

 

Party A and Party B have reached following
supplemental agreement (the “Supplemental Agreement”) after fair and friendly negotiation.

 

1. From July 1, 2019 to June 30, 2022, the
Management Service Fee shall increase by 5% of the fee schedule set forth in the Original Agreement. From July 1, 2022 to June
30, 2037, the Management Service Fee shall increase by 3% each year.

 

2. Party A agrees to allow Party B to pay off
the Management Service Fee for the remaining 18 years within the term of the Original Agreement by a one-off payment, with a discounted
amount accounting for the time cost of advance payment. Party B shall arrange the payment of RMB172,329,603 within 30 days upon
execution of this Supplemental Agreement.

 

3. Party B shall pay off the remaining 18 years
Management Service Fee by a one-off payment. Party A shall allocate the aggregate amount of the one-off payment equally to each
year within the term of the agreement, and issue an invoice to Party B annually for the Management Service Fee of that year. The
amount of annual invoice shall be RMB9,573,866.83.

 

    	 	 	 

     

    

 

4. If the campuses conditions change due to
reasons in connection with external environment, public policies, or other force majeure factors, the Parties may terminate this
Supplemental Agreement before the end of term by friendly negotiation, in which case Party B shall pay Management Service Fee based
on the actual use period of the campuses, and Party A shall return the Management Service Fee for the unused period to Party B
according to the calculation method stipulated in Supplemental Agreement.

 

5. In the event of a dispute arising out of
or relating to this Supplemental Agreement, the parties shall seek settlement of that dispute by negotiation or mediation by related
department. In the event that the dispute is not settled by negotiation or mediation, Parties shall submit the dispute to the court
with valid jurisdiction to resolve the matter.

 

6. If there is inconsistency between this Supplemental
Agreement and the Original Agreement or any other contractual agreement, this Supplemental Agreement shall prevail.

 

7. This Supplemental Agreement may be executed
in two counterparts, each shall be deemed original.

 

8. The Parties have hereto signed this Supplemental
Agreement in Hangzhou City, Zhejiang Province. By mutual consent, July 1, 2019 is the effective date of the agreement.

 

	Party A: (Corporate Seal)	 	Party B: (Corporate Seal)
	 	 	 
	Date:	 	Date:Exhibit 4.1

 

AMENDMENT
TO RIGHTS AGREEMENT

 

This
Amendment to Rights Agreement (this “Amendment”), dated and effective as of September 23, 2019 (the “Effective
Date”), is made and entered into by and between Avid Bioservices, Inc., a Delaware corporation (the “Company”),
and Broadridge Corporate Issuer Solutions, Inc., as rights agent (the “Rights Agent”), under that certain Amended and
Restated Rights Agreement, dated as of March 16, 2016 (the “Rights Agreement”).

 

WHEREAS,
pursuant to Section 27 of the Rights Agreement, the Company may, prior to such time as any Person becomes an Acquiring Person,
supplement or amend the Rights Agreement without the approval of any holders of Rights;

 

WHEREAS,
no Person has become an Acquiring Person under the Rights Agreement;

 

WHEREAS,
the Company desires to amend the Rights Agreement as set forth herein; and

 

WHEREAS,
the Board of Directors of the Company has determined that it is in the best interests of the Company and its stockholders to amend
the Rights Agreement as hereinafter set forth and has duly approved this Amendment and authorized its execution and delivery.

 

NOW,
THEREFORE, the Company and the Rights Agent hereby agree as follows:

 

1.    Capitalized
terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Rights Agreement.

 

2.    As
of the Effective Date, Section 7(a) of the Rights Agreement is amended and restated in its entirety to read as follows:

 

“(a)      Except
as otherwise provided herein, the Rights shall become exercisable on the Distribution Date, and thereafter the registered holder
of any Right Certificate may, subject to Section 11(a)(ii) hereof and except as otherwise provided herein, exercise the Rights
evidenced thereby in whole or in part upon surrender of the Right Certificate, with the form of election to purchase on the reverse
side thereof duly executed, to the Rights Agent at the office or agency of the Rights Agent designated for such purpose, together
with payment of the aggregate Purchase Price with respect to the total number of one one-thousandths (1/1000th) of a share of Preferred
Stock (or other securities, cash or other assets, as the case may be) as to which the Rights are exercised, at any time which is
both after the Distribution Date and prior to the time (the “Expiration Date”) that is the earliest of (i) the Close
of Business on September 23, 2019 (the “Final Expiration Date”), (ii) the time at which the Rights are redeemed as
provided in Section 23 hereof (the “Redemption Date”), (iii) the time at which such Rights are exchanged as provided
in Section 24 hereof, or (iv) the closing of any merger or other acquisition transaction involving the Company pursuant to an agreement
of the type described in Section 13(f) at which time the Rights are terminated.”

 

3.    As
of the Effective Date, Exhibit B to the Rights Agreement is amended by deleting each reference to “March 16, 2021”
in the Form of Right Certificate and substituting therefor “September 23, 2019.”

 

4.    As
of the Effective Date, Exhibit C to the Rights Agreement is amended by deleting each reference to “March 16, 2021”
in the Updated Summary of Rights to Purchase Shares of Preferred Stock and substituting therefor “September 23, 2019.”

 

5.    Except
as expressly set forth herein, the Rights Agreement shall be unaffected by this Amendment and shall remain in full force and effect.

 

6.    Sections
28 (Successors), 31 (Severability), 32 (Governing Law), and 33 (Counterparts) of the Rights Agreement are hereby incorporated by
reference into this Amendment and shall apply to this Amendment, mutatis mutandis, as if fully set forth herein.

 

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

 

	 	AVID BIOSERVICES, INC.
	 	 
	 	By:    /s/ Daniel R. Hart
	 	Name: Daniel R. Hart
	 	Title: Chief Financial Officer
	 	 
	 	BROADRIDGE CORPORATE ISSUER
	 	SOLUTIONS, INC., as Rights Agent
	 	 
	 	By:     /s/ John P. Dunn 
	 	Name: John P. Dunn
	 	Title:  Senior Vice President

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