Certainly you can distribute a patch - just not the entire font file. And yes, if you were to create an entirely new font from scratch, which merely looked vaguely like Amasis, that would be fine, too. But to start with Amasis and modify it in a font editor - no. Whatever you did to it would still legally (to the best of my knowledge) be classed as a "derived work" and be protected by the copyright of the original font.
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