Document:

Exhibit
4.1

 

AMENDMENT
TO PROMISSORY NOTE

 

Issued
October 27, 2021

 

THIS
AMENDMENT TO PROMISSORY NOTE (the “Amendment”) is made as of April 27, 2022 (the “Effective Date”), by and
between Talos Victory Fund, LLC, a Delaware limited liability company (the “Holder”) and Wetouch Technology Inc. a Nevada
corporation (the “Company,” with the Holder, each individually referred to herein as a “Party” and together as
the “Parties”).

 

WHEREAS,
the Parties entered into a Securities Purchase Agreement dated as of October 27, 2021, pursuant to which the Company issued to the Holder
a convertible promissory note in the principal amount of $250,000 (the “Note”);

 

WHEREAS,
the Parties have agreed to extend the number of days the Company shall have in order to cause the Registration Statement to become effective
pursuant to Section 3.19 of the Note, in consideration for repayment by the Company to the Holder of $25,000 in Principal Amount of the
Note (“Extension Repayment”) for each 30 day extension. For such Extension Repayment, the Parties agree that Section 1.9
of Note shall not apply;

 

WHEREAS,
as of the Effective Date, the Company has made $25,000 in Extension Repayment to the Holder; and

 

WHEREAS,
Holder and the Company desire to amend the Note as set forth herein.

 

NOW,
THEREFORE, for other good and valuable consideration, the parties hereto hereby agree as follows:

 

1. All
capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Note.

 

2. Section
3.19 of the Note is hereby deleted in its entirety and the following provision shall be inserted
in place thereof:

 

    	 

    	 

    

 

“3.19 Registration
Statement Failures. The Borrower fails to (i) file a registration statement covering the Holder’s resale at prevailing market
prices (and not fixed prices) of all of the Common Stock (the “Registration Statement”) underlying the Note and Warrant within
sixty (60) calendar days following the Issue Date, (ii) cause the Registration Statement to become effective within one hundred fifty
(150) calendar days following the Issue Date, subject to any Extension as defined herein, (iii) cause the Registration Statement to remain
effective until the Note is extinguished in its entirety and the Warrant is exercised in the entirety, (iv) comply with the provisions
of the Registration Rights Agreement in all material respects, or (v) immediately amend the Registration Statement or file a new Registration
Statement (and cause such Registration Statement to become effective as provided in the Registration Rights Agreement) if there are no
longer sufficient shares registered under the initial Registration Statement for the Holder’s resale at prevailing market prices
(and not fixed prices) of all of the Common Stock underlying the Note and Warrant. Notwithstanding anything to the contrary herein, the
Company shall have the right to extend the one hundred fifty (150) calendar days indicated in Section 3.19(ii) above with notice and
repayment on or before the 25th of each month to the Holder of $25,000 in Principal Amount of the Note (“Extension Repayment”)
for each 30 day extension (“Extension”), up to the Maturity Date (with the understanding that the extension period of the
last possible Extension hereunder shall end on the Maturity Date). Each Extension Repayment shall be applied as prepayment of the Principle
Amount first and accrued interest second, and Section 1.9 of Note shall not apply to any Extension Repayment.”

 

3. Except
as specifically amended hereby, the Note shall remain in full force and effect and all other terms of the Note shall remain unchanged.
To the extent any provision of the Note is inconsistent with this Amendment, this Amendment shall control.

 

(Signature
Page to Follow)

 

    	2 

    	 

    

 

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

 

	 	COMPANY:
	 	Wetouch
    Technology Inc.
	 	 	 
	 	/s/
    Zongyi Lian 
	 	Name:	Zongyi
    Lian
	 	Title:	Chief
    Executive Officer

 

	Agreed
    to and accepted by	 
	HOLDER:
    Talos Victory Fund, LLC	 
	 	 	 
	 /s/
    Thomas Silverman	 
	Name:	Thomas
    Silverman	 
	Title:
    	 Member	 

 

    	3Exhibit
10.1

 

AMENDMENT
TO REGISTRATION RIGHTS AGREEMENT

Dated
as of October 27, 2021

 

THIS
AMENDMENT TO THE REGISTRATION RIGHTS AGREEMENT (the “Amendment”) is made as of May 3, 2022 (the “Effective Date”),
by and between Talos Victory Fund, LLC, a Delaware limited liability company (the “Investor”), and Wetouch Technology Inc.
a Nevada corporation (the “Company,” with the Investor, each individually referred to herein as a “Party” and
together as the “Parties”).

 

WHEREAS,
the Parties entered into a Registration Rights Agreement dated as of October 27, 2021 (the “Registration Rights Agreement”);

 

WHEREAS,
the Parties have agreed to extend the number of days the Company shall have in order to cause the Registration Statement to become effective
pursuant to Section 2.a. of the Registration Rights Agreement; and

 

WHEREAS,
the Investor and the Company desire to amend the Registration Rights Agreement as set forth herein.

 

NOW,
THEREFORE, for good and valuable consideration, the parties hereto hereby agree as follows:

 

1. All
capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Registration Rights Agreement.

 

2. Section
2.a. of the Registration Rights Agreement is hereby deleted in its entirety and the following provision
shall be inserted in place thereof:

 

“Mandatory
Registration. The Company shall, within sixty (60) calendar days from the date of this Agreement, file with the SEC an initial
Registration Statement covering the maximum number of Registrable Securities as shall be permitted to be included thereon in accordance
with applicable SEC rules, regulations and interpretations so as to permit the resale of such Registrable Securities by the Investor,
including but not limited to under Rule 415 under the Securities Act at then prevailing market prices (and not fixed prices), subject
to the aggregate number of authorized shares of the Company’s Common Stock then available for issuance in its Certificate of Incorporation.
The Investor and its counsel shall have a reasonable opportunity to review and comment upon such Registration Statement and any amendment
or supplement to such Registration Statement and any related prospectus prior to its filing with the SEC, and the Company shall give
due consideration to all reasonable comments. The Investor shall furnish all information reasonably requested by the Company for inclusion
therein. The Company shall have the Registration Statement and any amendment declared effective by the SEC at the earliest possible date
(in any event within one hundred fifty (150) calendar days from the date hereof), provided, however, the
Company shall have the right to extend such one hundred fifty (150) calendar days indicated herein with notice and repayment of the Extension
Repayment (as defined in the Note and any amendments thereof) for each Extension (as defined in the Note and any amendment thereof).
The Company shall keep the Registration Statement effective, including but not limited to pursuant to Rule 415 promulgated under the
Securities Act and available for the resale by the Investor of all of the Registrable Securities covered thereby at all times until the
date on which the Investor shall have sold all the Registrable Securities covered thereby (the “Registration Period”).
The Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall not contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements
therein, in light of the circumstances in which they were made, not misleading.

 

3. Except
as specifically amended hereby, the Registration Rights Agreement shall remain in full force and effect and all other terms of the Registration
Rights Agreement shall remain unchanged. To the extent any provision of the Registration Rights Agreement is inconsistent with this Amendment,
this Amendment shall control.

 

(Signature
Page to Follow)

 

    	 

     

    

 

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

 

	 	COMPANY:
	 	Wetouch
Technology Inc. 
	 	 
	 	 	/s/Zongyi
    Lian
	 	Name:	Zongyi
    Lian
	 	Title:	Chief
    Executive Officer

 

	Agreed to and accepted by	 
	INVESTOR: Talos Victory Fund, LLC 

	 
	 	 
	 	/s/Thomas
    Silverman	 
	Name:
    	Thomas
    Silverman	 
	Title:
    	Member	 

 

    	2Document

			
	

Exhibit 10.1

AMENDMENT TO
THE ESTEE LAUDER COMPANIES RETIREMENT GROWTH ACCOUNT PLAN

The Estee Lauder Companies Retirement Growth Account Plan, as amended and restated effective as of January 1, 2019 (the “RGA Plan”), is hereby further amended, effective as of May 31, 2022, to add the following new Section 1.6 to the end of Appendix CC (“Provisions Governing Certain Employees of Alzheimer’s Drug Discovery Foundation”):
SECTION 1.6    CESSATION OF STATUS AS EMPLOYER
    ADDF shall withdraw from and shall cease to be an Employer under the Plan effective as of May 31, 2022, and all Plan benefit accruals for ADDF Employees shall cease as of such date. Without limiting the foregoing,
(a)    Each ADDF Employee who has become a Participant in the Plan shall cease to be eligible for Retirement Account credits under Section 5.2 of the Plan after May 31, 2022 (eligibility for such credits for Plan Years beginning prior to such date shall be determined in accordance with the otherwise applicable provisions of the Plan), but shall remain eligible for Retirement Account credits under Section 5.4 of the Plan based on the Periodic Adjustment Percentage until the last date as of which a Retirement Account balance is maintained for such Participant. 
(b)    For all purposes under the Plan, each ADDF Employee shall be treated as having terminated employment with the Employer as of May 31, 2022 or, if earlier, the date the ADDF Employee terminated employment with ADDF.
(c)    This Plan shall remain responsible for the payment of all Plan benefits accrued on behalf of ADDF Employees, which benefits shall be payable in accordance with the applicable provisions of the Plan. For Plan valuation purposes, such benefits shall be assigned to the same Group as includes Estee Lauder.

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