Exhibit 10.1


 


FUTURE FINTECH GROUP INC.


DIRECTOR AGREEMENT


 


This Director Agreement (the "Agreement' ') is made and entered
into as of July 15, 2020, by and between Future FinTech Group, Inc., a Florida corporation (the "Company"), and Mingjie
Zhao, an individual (the "Director").


 


I.       SERVICES


1.1       Board of Directors.
The Company has appointed the Director to the Company's Board of Directors (the "Board ") and a member of Audit Committee
and Chairman of Compensation Committee of the Board, effective on July 15, 2020. Director agrees to perform such tasks as may be
necessary to fulfill Director's obligations as a member of the Board and serve as a director so long as he is duly appointed or
elected and qualified in accordance with the applicable provisions of the Articles of Incorporation, Bylaws and any applicable
stockholders' agreement of the Company and until such time as he resigns, fails to stand for election, fails to be elected by the
stockholders of the Company or is removed from his position. Director may at any time and for any reason resign or be removed from
such position (subject to any other contractual obligation or other obligation imposed by operation of law), in which event the
Company shall have no obligation under this Agreement with respect to the Director.


 


1 .2Director Services. Director's services to the Company hereunder
shall include service on the Board to manage the business of the Company in accordance with applicable law and stock exchange rules
as well as the Articles of Incorporation and Bylaws, serving on committees of the Board as appointed and such other services mutually
agreed to by Director and the Company (the "Director Services").


 


1.3       Member of Committees.
Director agrees to serve as the Chairman of the Compensation Committee and a member of Audit Committee of the Board. The Company
and the Director acknowledge that all official appointments to committees of the Board are made by the Board.


 


1.4       Term. This Agreement
shall terminate upon the "Expiration Date", which shall be the earlier of the date on which Director ceases to be a member
of the Board for any reason, including death, resignation, removal, or failure to be elected by the stockholders of the Company,
or the date of termination of this Agreement in accordance with Section 5.2 hereof.


 


II.       COMPENSATION


2.1       Expense Reimbursement.
The Company shall reimburse Director for all reasonable travel and other out-of-pocket expenses incurred in connection with the
Director Services rendered by Director.


 


2.2       Fees to Director. The
Company agrees to pay Director a fee of $25,000 per year for Director Services, service as a member of the Board, the Chairman
of the Compensation Committee and a member of the Audit Committee of the Board and other services mutually agreed by the parties.
The fee to the Director shall be paid by the Company quarterly. At the sole discretion of the Board, or any committee duly designated
by the Board and authorized to act thereto, the Director shall be eligible for stock award pursuant to the incentive plan of the
Company.


 






    


     


    

 


III.       CONFIDENTIALITY
AND NONDISCLOSURE


 


3.1       Confidentiality. During
the term of this Agreement, and for a period of one (1) year after the Expiration Date, Director shall maintain in strict confidence
all information he has obtained or shall obtain from the Company, which the Company has designated as "confidential"
or which is by its nature confidential, relating to the Company's business, operations, properties, assets, services, condition
(financial or otherwise), liabilities, employee relations, customers (including customer usage statistics), suppliers, prospects,
technology, or trade secrets, except to the extent such information (i) is in the public domain through no act or omission of the
Director, (ii) is required to be disclosed by law or a valid order by a court or other governmental body, or (iii) is independently
learned by Director outside of this relationship (the "Confidential Information").


 


3.2       Nondisclosure and Nonuse
Obligations. Director will use the Confidential Information solely to perform his obligations for the benefit of the Company hereunder.
Director will treat all Confidential Information of the Company with the same degree of care as Director treats his own Confidential
Information, and Director will use his best efforts to protect the Confidential Information. Director will not use the Confidential
Information for his own benefit or the benefit of any other person or entity, except as may be specifically permitted in this Agreement.
Director will immediately give notice to the Company of any unauthorized use or disclosure by or through him, or of which he becomes
aware, of the Confidential Information. Director agrees to assist the Company in remedying any such unauthorized use or disclosure
of the Confidential Information.


 


3.3       Return of Company Property.
All materials furnished to Director by the Company, whether delivered to Director by the Company or made by Director in the performance
of Director Services under this Agreement (the "Company Property"), are the sole and exclusive property of the Company.
Director agrees to promptly deliver the original and any copies of the Company Property to the Company at any time upon the Company's
request. Upon termination of this Agreement by either party for any reason, Director agrees to promptly deliver to the Company
or destroy, at the Company's option, the original and any copies of the Company Property. Director agrees to certify in writing
that Director has so returned or destroyed all such Company Property.


 


IV.       COVENANTS OF DIRECTOR


 


4.1       No Conflict of interest.
During the term of this Agreement, and for a period of one (1) year after the Expiration Date, Director shall not be employed by,
own, manage, control or participate in the ownership, management , operation or control of any person, firm, partnership, corporation
or unincorporated association or entity of any kind that is competitive with the Company or otherwise undertake any obligation
inconsistent with the terms hereof, provided that Director may continue Director's current affiliation or other current relationships
with the entity or entities described on Exhibit A (all of which entities are referred to collectively as "Current Affiliations").
This Agreement is subject to the current terms and agreements governing Director's relationship with Current Affiliations, and
nothing in this Agreement is intended to be or will be construed to inhibit or limit any of Director's obligations to Current Affiliations.
Director represents that nothing in this Agreement conflicts with Director's obligations to Current Affiliations. A business shall
be deemed to be "competitive with the Company" for purpose of this Article IV only if and to the extent it engages in
the business substantially similar to the Company's businesses described in its annual report. The ownership by the Director of
not more than 5% of a corporation, partnership or other enterprise shall not constitute a violation hereof.


 






    


     


    

 


4.2       Noninterference with
Business. During the term of this Agreement, and for a period of one (1) year after the Expiration Date, Director agrees not to
interfere with the business of the Company in any manner. By way of example and not of limitation, Director agrees not to solicit
or induce any employee, independent contractor, customer or supplier of the Company to terminate or breach his, her or its employment,
contractual or other relationship with the Company.


 


V.       TERM AND TERMINATION


 


5. 1Term. This Agreement is effective as of the date first written
above and will continue until the Expiration Date.


 


5.2       Termination. Either
party may terminate this Agreement at any time upon thirty (30) days prior written notice to the other party, or such shorter period
as the parties may agree upon.


 


5.3       Survival. The rights
and obligations contained in Articles III and IV will survive any termination or expiration of this Agreement.


 


VI.       MISCELLANEOUS


 


6.1       Assignment. Except
as expressly permitted by this Agreement, neither party shall assign, delegate, or otherwise transfer any of its rights or obligations
under this Agreement without the prior written consent of the other party. Subject to the foregoing, this Agreement will be binding
upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns.


 


6.2       No Waiver. The failure
of any party to insist upon the strict observance and performance of the terms of this Agreement shall not be deemed a waiver of
other obligations hereunder, nor shall it be considered a future or continuing waiver of the same terms.


 


6.3       Notices. Any notice
required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given as indicated:
(i) by personal delivery when delivered personally; (ii) by overnight courier upon written verification of receipt; (iii) by facsimile
transmission upon acknowledgment of receipt of electronic transmission; or (iv) by certified or registered mail, return receipt
requested, upon verification of receipt. Notice shall be sent to the addresses set forth on the signature page of this Agreement
or such other address s either party may specify in writing.


 






    


     


    

 


6.4       Governing Law. This
Agreement shall be governed in all respects by the laws of the State of Florida.


 


6.5       Severability. Should
any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity and
enforce ability of the remaining provisions of this Agreement shall not be affected or impaired thereby.


 


6.6       Entire Agreement. This
Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or contemporaneous
oral or written agreements concerning such subject matter. The terms of this Agreement will govern all Director Services undertaken
by Director for the Company.


 


6.7       Amendments. This Agreement
may only be amended, modified or changed by an agreement signed by the Company and Director. The terms contained herein may not
be altered, supplemented or interpreted by any course of dealing or practices.


 


6.8       Counterparts. This
Agreement may be executed in two counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.


 


(Signature pages to follow)


 


 


 






    


     


    

 


lN WITNESS WHEREOF, the parties have executed this Agreement as
of the date first written above.


 


	Company: Future FinTech Group, Inc.	Director: Mingjie Zhao




 


	By: /s/Shanchun Huang	By: /s/Mingjie Zhao




	Name: Shanchun Huang, CEO	Name: Mingjie Zhao




	Address: 2103 Tower A, SK Plaza	Address:




	A6 JianGuoMenWai Avenue Chaoyang District,	Fresh Meadows, NY 11365 USA




	Beijing, P.R. China	




 


 


Date: July 15, 2020


 


 


 


Exhibit A


Director’s Current Affiliation