Please start by providing actual code, not a screenshot. A screenshot is not useful for troubleshooting.
When pasting code, highlight it as Java (closest we have to Velocity syntax) using the Insert/Edit Code Sample button:

Well, you have a bunch of items I mentioned in my previous comment to think through before you finalize your custom object structure and the velocity script. But, checking for null values along with isEmpty() function should solve your initial query of why you're seeing additional rows in your email even though you don't have any data for those product fields (e.g., product, quantity4, etc.)
#if(cartAbandonment_cList.get(0).prod1 && !cartAbandonment_cList.get(0).prod1.isEmpty())
##Display something
#end
The above is just sample script to show how'd set your if condition so you take care of both null and empty "" values. Also, ideally, you should sort your CO list in the desired order before accessing the objects/loop through the list to pick the correct CO record based on a field. In general, accessing any random custom object record w/o sorting the custom object list isn't a good idea.