Document:

Exhibit 10.1

 

REGISTRATION RIGHTS AGREEMENT

 

REGISTRATION RIGHTS
AGREEMENT (this “Agreement”), dated as of January 23, 2018, by and between SHINECO, INC., a
Delaware corporation (the “Company”), and IFG OPPORTUNITY FUND LLC, a Georgia limited liability company (the
“Investor”).

 

WHEREAS:

 

A.       In
connection with a certain COMMON STOCK PURCHASE AGREEMENT entered into by and between the parties hereto of even date herewith
(the “COMMON STOCK PURCHASE AGREEMENT”), the Company has agreed, upon the terms and subject to the conditions
of the COMMON STOCK PURCHASE AGREEMENT, to issue and sell to the Investor up to four million shares (4,000,000) of the Company’s
common stock, par value $0.001 per share (the “Common Stock”), which can be purchased pursuant to the terms
of the COMMON STOCK PURCHASE AGREEMENT. Capitalized terms not defined herein shall have the meaning ascribed to them in the COMMON
STOCK PURCHASE AGREEMENT.

 

B.       To
induce the Investor to execute the COMMON STOCK PURCHASE AGREEMENT, the Company has agreed to provide certain registration rights
under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively,
the “Securities Act”), and applicable state securities laws.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

1.       DEFINITIONS.

 

As used in this Agreement,
the following terms shall have the following meanings:

 

a.       “Person”
means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a
governmental or political subdivision thereof or a governmental agency.

 

b.       “Register,”
“registered,” and “registration” refer to a registration effected by preparing and filing
one or more Registration Statements (as defined below) in compliance with the Securities Act and pursuant to Rule 415 under the
Securities Act or any successor rule providing for offering securities on a continuous or delayed basis (“Rule 415”),
and the declaration or ordering of effectiveness of such Registration Statement(s) by the United States Securities and Exchange
Commission (the “SEC”).

 

c.       “Registrable
Securities” means the Purchase Shares that may from time to time be issued or issuable to the Investors, as defined
in the COMMON STOCK PURCHASE AGREEMENT.

 

d.       “Registration
Statement” means a registration statement under the Securities Act which covers the Registrable Securities.

 

2.       REGISTRATION.

 

a.       Mandatory
Registration. The Company shall prepare and file with the SEC a Registration Statement on Form S-3 or on such other form as
is available, no later than 30 calendar days from the date hereof (the “Scheduled Filing Deadline”). The Company
shall cause such Registration Statement to be declared effective by the SEC prior to the first sale
to the Investor of the Company’s Common Stock pursuant to the COMMON STOCK PURCHASE AGREEMENT but in no event later than
two hundred and forty (240) calendar days from the date hereof (the “Scheduled Effective Deadline”). The Company
shall cause the Registration Statement to remain effective until the full completion of the Commitment Period (as such term is
defined in the COMMON STOCK PURCHASE AGREEMENT). The Company shall within two (2) Business Days from the Commencement Date
file with the SEC a prospectus supplement to the Shelf Registration Statement specifically relating to the Registrable
Securities (the “Prospectus Supplement”).  The Buyer and its counsel shall have had a reasonable opportunity
to review and comment upon such Prospectus Supplement prior to its filing with the SEC. The Buyer shall furnish all information
reasonably requested by the Company for inclusion therein. The Company shall use its commercially reasonable efforts
to keep the Shelf Registration Statement effective pursuant to Rule 415 promulgated under the 1933 Act and available for sales
of all of the Registrable Securities at all times until the earlier of (i) the Company no longer qualifies to make sales
under the Shelf Registration Statement (which shall be understood to include the inability of the Company to immediately register
sales of Registrable Securities to the Buyer under the Shelf Registration Statement or any New Registration Statement (as defined
below) pursuant to General Instruction I.B.6 of Form S-3), (ii) the date on which the Company shall have sold all the Registrable
Securities and no Available Amount remains under the Purchase Agreement, or (iii) the date on which the Purchase Agreement is
terminated (the “Registration Period”).

 

     

     

    

 

b.       Sufficient
Number of Shares Registered. In the event the number of shares available under a Registration Statement filed pursuant to Section
2(a) is insufficient to cover all of the Registrable Securities pursuant to the COMMON STOCK PURCHASE AGREEMENT, the Company shall
amend the Registration Statement, or file a new Registration Statement (on the short form available therefore, if applicable),
or both, so as to cover all of such Registrable Securities pursuant to the COMMON STOCK PURCHASE AGREEMENT as soon as practicable,
but in any event not later than sixty (60) days after the necessity therefore arises. The Company shall use commercially reasonable
efforts to cause such amendment and/or new Registration Statement to become effective as soon as practicable following the filing
thereof, until the earlier of (i) the Company no longer qualifies to make sales under the Shelf Registration Statement (which shall
be understood to include the inability of the Company to immediately register sales of Registrable Securities to the Buyer under
the Shelf Registration Statement or any New Registration Statement (as defined below) pursuant to General Instruction I.B.6 of
Form S-3), (ii) the date on which the Company shall have sold all the Registrable Securities and no Available Amount remains under
the Purchase Agreement, or (iii) the date on which the COMMON STOCK PURCHASE AGREEMENT is terminated (the “Registration
Period”).. For purposes of the foregoing provision, the number of shares available under a Registration Statement shall
be deemed “insufficient to cover all of the Registrable Securities” if at any time the number of Registrable Securities
issuable on an Advance Notice Date is greater than the number of shares available for resale under such Registration Statement.

 

3.       RELATED
OBLIGATIONS.

 

a.       The
Company shall keep the Registration Statement effective pursuant to Rule 415 at all times until the end of the Registration
Period, which 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.

 

b.       The
Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to a Registration
Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule
424 promulgated under the Securities Act, as may be necessary to keep such Registration Statement effective at all times during
the Registration Period, and, during such period, comply with the provisions of the Securities Act with respect to the disposition
of all Registrable Securities of the Company covered by such Registration Statement until such time as all of such Registrable
Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof
as set forth in such Registration Statement. In the case of amendments and supplements to a Registration Statement which are required
to be filed pursuant to this Agreement (including pursuant to this Section 3(b)) by reason of the Company’s filing a report
on Form 10-K, Form 10-Q or Form 8-K or any analogous report under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the Company shall have incorporated such report by reference into the Registration Statement, if applicable, or
shall file such amendments or supplements with the SEC on the same day on which the Exchange Act report is filed which created
the requirement for the Company to amend or supplement the Registration Statement.

 

c.       The
Company shall furnish to the Investor without charge, (i) at least one copy of such Registration Statement as declared effective
by the SEC and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference,
all exhibits and each preliminary prospectus, (ii) ten (10) copies of the final prospectus included in such Registration Statement
and all amendments and supplements thereto (or such other number of copies as such Investor may reasonably request) and (iii) such
other documents as such Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable
Securities owned by such Investor.

 

d.       The
Company shall use commercially reasonable efforts to (i) register and qualify the Registrable Securities covered by a Registration
Statement under such other securities or “blue sky” laws of such jurisdictions in the United States as the Investor
reasonably requests, (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and
supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration
Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times
during the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities
for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition
thereto to (w) make any change to its certificate of incorporation or by-laws, (x) qualify to do business in any jurisdiction where
it would not otherwise be required to qualify but for this Section 3(d), (y) subject itself to general taxation in any such jurisdiction,
or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify the Investor of
the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of the
Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or
its receipt of actual notice of the initiation or threat of any proceeding for such purpose.

 

     

     

    

 

e.       The
Company shall use commercially reasonable efforts either to cause all the Registrable Securities covered by a Registration Statement
(i) to be listed on each securities exchange on which securities of the same class or series issued by the Company are then listed,
if any, if the listing of such Registrable Securities is then permitted under the rules of such exchange or to secure the inclusion
for quotation on the OTC Bulletin Board for such Registrable Securities if the Principal Market (as such term is defined in the
COMMON STOCK PURCHASE AGREEMENT) is an automated quotation system. The Company shall pay all fees and expenses in connection with
satisfying its obligation under this Section.

 

f.       The
Company shall cooperate with the Investor to the extent applicable, to facilitate the timely preparation and delivery of certificates
(not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration Statement
and enable such certificates to be in such denominations or amounts, as the case may be, as the Investor may reasonably request
and registered in such names as the Investor may request.

 

g.       The
Company shall use commercially reasonable efforts to cause the Registrable Securities covered by the applicable Registration Statement
to be registered with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition
of such Registrable Securities.

 

h.       The
Company shall otherwise use its best efforts to comply with all applicable rules and regulations of the SEC in connection with
any registration hereunder.

 

i.       Within
two (2) business days after a Registration Statement which covers Registrable Securities is ordered effective by the SEC, the Company
shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities
(with copies to the Investor) confirmation that such Registration Statement has been declared effective by the SEC.

 

j.       The
Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable
Securities pursuant to a Registration Statement.

 

4.       OBLIGATIONS
OF THE INVESTOR.

 

a. The Investor
has furnished to the Company in Exhibit A hereto such information regarding itself, the Registrable Securities held by it and the
intended method of disposition of the Registrable Securities held by it as required to effect the registration of such Registrable
Securities and shall execute such documents in connection with such registration as the Company may reasonably request. The Company
shall notify the Investor in writing of any other information the Company reasonably requires from the Buyer in connection with
any Registration Statement hereunder. The Investor will as promptly as practicable notify the Company of any material change in
the information set forth in Exhibit A, other than changes in its ownership of the Common Stock.

 

b. The Investor
agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any
amendments and supplements to any Registration Statement hereunder.

 

5.       EXPENSES
OF REGISTRATION.

 

All reasonable expenses
of the Company, other than sales or brokerage commissions and fees and disbursements of counsel for the Buyer, incurred in connection
with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing
and qualifications fees, printers and accounting fees, and fees and disbursements of counsel for the Company, shall be paid by
the Company.

 

     

     

    

 

6.       INDEMNIFICATION.

 

With respect to Registrable
Securities which are included in a Registration Statement under this Agreement:

 

a.       To
the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, the directors,
officers, partners, employees, agents, representatives of, and each Person, if any, who controls the Investor within the meaning
of the Securities Act or the Exchange Act (each, an “Indemnified Person”), against any losses, claims, damages,
liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement or expenses,
joint or several (collectively, “Claims”) incurred in investigating, preparing or defending any action, claim,
suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative
or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a
party thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions
or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or
alleged untrue statement of a material fact in a Registration Statement or any post-effective amendment thereto or in any filing
made in connection with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction
in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to
state a material fact required to be stated therein or necessary to make the statements therein not misleading; (ii) any untrue
statement or alleged untrue statement of a material fact contained in any final prospectus (as amended or supplemented, if the
Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any
material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were
made, not misleading; or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other
law, including, without limitation, any state securities law, or any rule or regulation there under relating to the offer or sale
of the Registrable Securities pursuant to a Registration Statement (the matters in the foregoing clauses (i) through (iii) being,
collectively, “Violations”). The Company shall reimburse the Investor and each such controlling person promptly
as such expenses are incurred and are due and payable, for any legal fees or disbursements or other reasonable expenses incurred
by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein,
the indemnification agreement contained in this Section 6(a): (x) shall not apply to a Claim by an Indemnified Person arising out
of or based upon a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company
by such Indemnified Person expressly for use in connection with the preparation of the Registration Statement or any such amendment
thereof or supplement thereto; (y) shall not be available to the extent such Claim is based on a failure of the Investor to deliver
or to cause to be delivered the prospectus made available by the Company, if such prospectus was timely made available by the Company
pursuant to Section 3(e); and (z) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full
force and effect regardless of any investigation made by or on behalf of the Indemnified Person.

 

b.       In
connection with a Registration Statement, the Investor agrees to indemnify, hold harmless and defend, to the same extent and in
the same manner as is set forth in Section 6(a), the Company, each of its directors, each of its officers who signs the Registration
Statement and each Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (each
an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may become subject, under
the Securities Act, the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or is based upon any
Violation, in each case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with
written information furnished to the Company by the Investor expressly for use in connection with such Registration Statement;
and, subject to Section 6(d), the Investor will reimburse any legal or other expenses reasonably incurred by them in connection
with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b)
and the agreement with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim
if such settlement is effected without the prior written consent of the Investor, which consent shall not be unreasonably withheld;
provided, further, however, that the Investor shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified
Damages as does not exceed the net proceeds to the Investor as a result of the sale of Registrable Securities pursuant to such
Registration Statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of such Indemnified Party. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in
this Section 6(b) with respect to any prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement
or omission of material fact contained in the prospectus was corrected and such new prospectus was delivered to the Investor prior
to the Investor’s use of the prospectus to which the Claim relates.

 

     

     

    

 

c.       Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or
proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall,
if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party
a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense
thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the
case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel
with the fees and expenses of not more than one counsel for such Indemnified Person or Indemnified Party to be paid by the indemnifying
party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified
Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between
such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. The Indemnified
Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of
any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available
to the Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party shall keep the Indemnified
Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect
thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior
written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent.
No indemnifying party shall, without the prior written consent of the Indemnified Party or Indemnified Person, consent to entry
of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such
claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights
of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter
for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time
of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or
Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend
such action.

 

d.       The
indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation
or defense, as and when bills are received or Indemnified Damages are incurred.

 

e.       The
indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party
or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject
to pursuant to the law.

 

7.       CONTRIBUTION.

 

To the extent any indemnification
by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect
to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however,
that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation;
and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received
by such seller from the sale of such Registrable Securities.

 

8.       REPORTS
UNDER THE EXCHANGE ACT.

 

With a view to making
available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any similar rule or regulation of the
SEC that may at any time permit the Investors to sell securities of the Company to the public without registration (“Rule
144”) the Company agrees to:

 

a.       make
and keep public information available, as those terms are understood and defined in Rule 144;

 

b.       file
with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange
Act so long as the Company remains subject to such requirements (it being understood that nothing herein shall limit the Company’s
obligations under Section 6.3 of the COMMON STOCK PURCHASE AGREEMENT) and the filing of such reports and other documents is required
for the applicable provisions of Rule 144; and

 

     

     

    

 

c.       furnish
to the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written statement by the Company
that it has complied with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most
recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other
information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration.

 

9.       AMENDMENT
OF REGISTRATION RIGHTS.

 

Provisions of this
Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively
or prospectively), only by a written agreement between the Company and the Investor. Any amendment or waiver effected in accordance
with this Section 9 shall be binding upon the Investor and the Company. No consideration shall be offered or paid to any Person
to amend or consent to a waiver or modification of any provision of any of this Agreement unless the same consideration also is
offered to all of the parties to this Agreement.

 

10.       MISCELLANEOUS.

 

a.       A
Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the
same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered
owner of such Registrable Securities.

 

b.       Any
notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be
in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent
by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending
party); or (iii) one business day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

     

     

    

 

	If to the Company, to:	
        SHINECO, INC.

        2nd Floor, Wanyuan Business Center

        10 N Hongda Road

        Daxing District, Beijing

        People’s Republic of China

        Telephone:   (+86) 10-87227366

        Facsimile:                                         

        Attention: Yuying Zhang, CEO

        Email:

	 	 
	With a copy to:	
        Ying Li, Esq.

        Hunter Taubman Fischer & Li, LLC

        1450 Broadway, Floor 26

        New York, NY 10018

        Tel: (212) 530-2210

        Facsimile: (212) 202-6380 

	 	 
	If to the Investor, to:	
        IFG Opportunity Fund LLC

        6151 Lake Osprey Dr. Ste 300

        Sarasota, Florida 34240

        Telephone: 941-227-4102

        Facsimile:                                         

        Attention: Anthony Gentile

        Email: tgentile@useifg.com

	 	 
	If to the Transfer Agent:	
        Island Stock Transfer, L.L.C.

        15500 Roosevelt Blvd, Suite 301

        Clearwater, FL 33760

        Telephone: 727-289-0010

        Facsimile: 727.289.0069

        Attention:                                         

        Email: info@islandstocktransfer.com 

 

Any party may change its address by providing
written notice to the other parties hereto at least five days prior to the effectiveness of such change. Written confirmation of
receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated
by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first page of
such transmission or (C) provided by a courier or overnight courier service shall be rebuttable evidence of personal service, receipt
by facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above,
respectively.

 

c.       Failure
of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof.

 

d.       The
corporate laws of the State of California shall govern all issues concerning the relative rights of the Company and the Investor.
All other questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by
the internal laws of the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether
of the State of or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State
of California. Each party hereby irrevocably submits to the non-exclusive jurisdiction of the Courts of the State of California
and the Federal District Courts for the State of California, for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any
suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit,
action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each
party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding
by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in
any way any right to serve process in any manner permitted by law. If any provision of this Agreement shall be invalid or unenforceable
in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this
Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction.
EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY
DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

     

     

    

 

e.       This
Agreement and the COMMON STOCK PURCHASE AGREEMENT constitute the entire agreement among the parties hereto with respect to the
subject matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein and therein. This Agreement and the COMMON STOCK PURCHASE AGREEMENT supersede all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof and thereof.

 

g.. To the fullest
extent permitted by law, neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned,
in whole or in part, by operation of law or otherwise by any of the parties without the prior written consent of the other party.
Any purported assignment without such consent shall be void. This Agreement shall inure to the benefit of and be binding upon the
permitted successors and assigns of each of the parties hereto.

 

h.       The
headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

i.       This
Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

j.       Each
party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver
all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry
out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

k.       The
language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules
of strict construction will be applied against any party.

 

l.       This
Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for
the benefit of, nor may any provision hereof be enforced by, any other Person.

 

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IN WITNESS WHEREOF,
the parties have caused this Registration Rights Agreement to be duly executed as of day and year first above written.

 

	 	
        SHINECO, INC.

	 	 
	 	 
	 	By: /s/ Yuying Zhuang
	 	Name:Yuying Zhuang
	 	Title:CEO
	 	 
	 	 
	 	IFG OPPORTUNITY FUND LLC
	 	 
	 	 
	 	By: /s/ Anthony Gentile
	 	Name:Anthony Gentile
	 	Title:Managing Member

 

     

     

    

 

Exhibit A

 

Information About The Investor Furnished
To The Company By The Investor

Expressly For Use In Connection With
The Registration Statement and Prospectus 

 

Anthony Gentile is the sole Managing Member
of IFG Opportunity Fund LLC (“IFG Fund”).Exhibit

EXHIBIT 10.1
CONFIDENTIAL TREATMENT REQUESTED
THIS DOCUMENT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.  REDACTED MATERIAL IS MARKED WITH A [****] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

AMENDMENT NO. FIVE
TO 
AMENDED AND RESTATED 
PRIVATE LABEL CREDIT CARD PLAN AGREEMENT
BETWEEN COMENITY BANK
AND
STAGE STORES, INC.
SPECIALTY RETAILERS, INC. 

THIS AMENDMENT NO. FIVE (“Gordmans Amendment”) to that certain AMENDED and RESTATED PRIVATE LABEL CREDIT CARD PLAN AGREEMENT entered into as of the 8th day of August, 2012 and effective as of the 1st day of August 2012 (“Agreement”) among Stage Stores, Inc. (“SSI”) and Specialty Retailers, Inc. (“SRI”) (with SSI and SRI hereinafter collectively referred to as “Stage”) and Comenity Bank (formerly known as World Financial Network Bank) (“Bank”), is entered into by and between Bank and SSI on the 11th day of August, 2017 (“Gordmans Amendment Execution Date”).

WHEREAS, Stage and Bank previously entered into the Agreement pursuant to which, among other things, Stage requested Bank to, and Bank agreed to, extend credit to qualifying individuals in the form of private label open-ended credit card accounts for the purchase of Goods and/or Services from Stage through designated Sales Channels and to issue Credit Cards to qualifying individuals under the Stage Nameplates.

WHEREAS, SRI, the wholly owned operating subsidiary of SSI and currently the employer of all Stage employees, signed the Agreement solely for purposes of Section 13.1(a) of the Agreement, thereby agreeing that the Amended and Restated Private Label Credit Card Program Agreement dated March 5, 2004 by and among SSI, SRI and Bank was terminated in its entirety upon the full execution of the Agreement and thereby terminating SRI’s status as a separate party to the Agreement effective August 1, 2012.

WHEREAS, SSI and Bank entered into Amendment No. One to the Agreement effective as of February 1, 2013, Amendment No. Two to the Agreement effective as of February 13, 2014 (no longer in effect), Amendment No. Three to the Agreement effective as of May 4, 2014 (no longer in effect), and Amendment No. Four to the Agreement effective as of March 28, 2016.

WHEREAS, SRI has acquired certain assets from the bankruptcy estate of Gordmans, Inc., and its affiliates (collectively, “Gordmans, Inc.”), including the Gordmans Mark (as defined below) and the right to cause Gordmans, Inc. to assume and assign to SRI the leases of certain physical retail locations of Gordmans, Inc., and SRI is operating physical locations as retail stores operating under the Gordmans Mark.

WHEREAS, pursuant to the Gordmans Agreement (as defined below), Bank issues  private label credit cards branded with the Gordmans Mark that may be used for the purchase of goods and services sold in the sales channels operated by Gordmans, Inc.  

WHEREAS, Stage and Bank intend that certain credit cards originated under the Gordmans Agreement and the corresponding accounts shall be converted into Credit Cards and Accounts under the Plan in accordance with the terms of this Gordmans Amendment.

WHEREAS, the Gordmans Agreement was rejected on July 31, 2017.

WHEREAS, SSI and Bank now desire to amend the Agreement as set forth herein.

NOW, THEREFORE, in consideration of the terms and conditions hereof, and for other good and valuable consideration, the receipt of which is hereby mutually acknowledged by the parties, SSI and Bank agree as follows:

		
	1.
	Definitions; References.  Capitalized terms not otherwise defined in this Gordmans Amendment are used herein as defined in the Agreement.  Section 1.1 of the Agreement is amended to add or modify, as appropriate, the following terms:

“Account” is amended by adding the following sentence to the end of the current definition: “Additionally, Gordmans-Converted Accounts shall be considered Accounts for purposes of this Agreement.”

“Cardholder” is amended by adding the following sentence to the end of the current definition: “For clarity, holders and authorized users of Gordmans-Converted Accounts shall be considered Cardholders for purposes of this Agreement.”

“Covered Gordmans Stores” shall mean the retail locations listed in Schedule 1.1(d) attached hereto.  

“Credit Card” is amended by adding the following sentence to the end of the current definition.  “For clarity, private label credit cards issued by Bank that are associated with Gordmans Accounts shall be considered Credit Cards for purposes of this Agreement.”

“Gordmans Accounts” shall mean each Gordmans-Converted Account and each Account opened under the Plan after the Gordmans Amendment Effective Date under the Gordmans Mark.

“Gordmans Agreement” shall mean the Private Label Credit Card Program Agreement between World Financial Network National Bank and Gordmans, Inc. dated as of September 6, 2002, as amended by that certain Amendment to Private Label Credit Card Program Agreement between World Financial Network National Bank and Gordmans, Inc. dated as of April 7, 2006, Second Amendment to Private Label Credit Card Program Agreement between World Financial National Bank (as successor by conversion to World Financial Network National Bank ) and Gordmans, Inc. dated as of February 1, 2012 and Third Amendment to Private Label Credit Card Program Agreement between Comenity Bank (as successor to World Financial National Bank) and Gordmans, Inc. dated as of January 23, 2017.

2

“Gordmans Amendment Effective Date” shall mean the date on which the retail systems of the Covered Gordmans Stores are converted from the platform operated by or on behalf of Gordmans, Inc. to the platform operated by or on behalf of SRI as notified by Stage to the Bank, which was June 27, 2017.

 “Gordmans-Converted Account” shall mean each individual open-end revolving line of credit originated under the Gordmans Agreement for which no less than ten percent (10%) of the in-store purchases on such account in the 18-month period immediately preceding the Gordmans Amendment Effective Date occurred, in the aggregate, in one or more Covered Gordmans Stores, regardless of whether such line of credit is open to buy, is delinquent, is in default, or has been written-off, but excluding any lines of credit for which the Cardholder has declared bankruptcy, which have been closed for fraud, or which are subject to pending litigation with Bank.  For clarity, any open-end revolving line of credit originated under the Gordmans Agreement that has not had an in-store Purchase in a Covered Gordmans Store during the 18-month period immediately preceding the Gordmans Amendment Effective Date shall not be considered a Gordmans-Converted Account.

“Gordmans Mark” shall mean any trademark, service mark, or trade name acquired by SRI from Gordmans, Inc. and added as a Stage Mark pursuant to this Gordmans Amendment.

“Gordmans Stores” shall mean (i) any Covered Gordmans Stores, (ii) any physical retail location owned or operated by SRI in the United States under the Gordmans Mark that is opened by SRI after the Gordmans Amendment Effective Date and (iii) any retail ecommerce website owned and operated by or on behalf of SRI specifically under the Gordmans Mark targeting Customers residing in the United States.  For the sake of clarity, Gordmans Stores does not include stage.com.  As of the Gordmans Amendment Effective Date, the only Gordmans Stores will be the Covered Gordmans Stores.

“Sales Channels” is amended by adding the following sentence to the end of the current definition: “For clarity, all Gordmans Stores shall be considered Sales Channels for purposes of this Agreement.”

“Stage Nameplate” is amended by adding “, Gordmans” to clause (i), immediately after “Peebles”.

		
	2.
	Termination of Credit Cards Originated under the Gordmans Agreement.  A new Section 2.6 is added to the Agreement as follows:

“2.6     Termination of Credit Cards Originated under the Gordmans Agreement.

(a)    On or before the Gordmans Amendment Execution Date, Bank shall cease accepting applications for credit card accounts under the Gordmans Agreement;

(b)    On or before [****] Bank shall cease to approve transactions initiated with credit card accounts originated under the Gordmans Agreement that are not Gordmans-Converted Accounts;

(c)    On or before the Gordmans Amendment Execution Date, Bank shall provide any notice of account closure required by the Credit Card Agreements in order to close all credit

3

card accounts originated under the Gordmans Agreement that are not Gordmans-Converted Accounts in accordance with Applicable Law;

(d)    On or before [****] Bank shall have terminated utility for all credit card accounts originated under the Gordmans Agreement that are not Gordmans-Converted Accounts and have not otherwise been closed; and

(e)    On before [****] Bank shall cease to use the Gordmans Mark in connection with the program established by the Gordmans Agreement; provided, however, that Bank may use the Gordmans Mark in a manner that constitutes nominative fair use solely in connection with collecting outstanding balances on credit card accounts originated under the Gordmans Agreement that are not Gordmans-Converted Accounts.”
 
		
	3.
	Transition of Gordmans-Converted Accounts.   A new Section 2.7 is added to the Agreement as follows:

“2.7    Transition of Gordmans-Converted Accounts.

(a)    As between the Bank and SSI, the parties agree that (i) all accounts receivable generated prior to the Gordmans Amendment Effective Date from credit cards originated under the Gordmans Agreement shall accrue to the benefit of the parties to the Gordmans Agreement and any successors thereto, (ii) the parties intend to provide SSI the benefit of all revenue generated on or after [****] under the Gordmans Agreement as if it accrued under the Agreement [****] and (iii) all liability in connection with the credit cards originated under the Gordmans Agreement accruing prior to the Gordmans Amendment Effective Date, including chargebacks, shall remain with the parties to the Gordmans Agreement and any successors thereto.  Bank acknowledges that Stage has not assumed and will not assume the Gordmans Agreement and has no obligations thereunder, notwithstanding the provisions of this Gordmans Amendment.  In order to give effect to clause (ii) above, Bank has exercised commercially reasonable efforts to calculate the difference between (x) the amount which would be owed to SSI if [****] and (y) the amount owing to Gordmans from the Gordmans-Converted Accounts under the Gordmans Agreement [****] (“Gross-Up Amount”).  Based upon Bank’s calculations, the parties have mutually agreed that the total sum of the Gross-Up Amount is [****].  Additionally, the parties have agreed that SSI is entitled to payment of an additional [****] as payment for the [****] Monthly Net Portfolio Yield.  Within 10 Business Days following the Gordmans Amendment Execution Date, Bank shall pay to SSI the sum of [****] as payment for the Gross-Up Amount and the [****]

(b)    As of the Gordmans Amendment Effective Date, (i) all Gordmans-Converted Accounts shall be considered Accounts under the Agreement, (ii) all holders and users of Gordmans-Converted Accounts shall be considered Cardholders under the Agreement, (iii) all credit cards issued to holders and users of Gordmans-Converted Accounts pursuant to the Gordmans Agreement shall be considered Credit Cards under the Agreement, (iv) all Covered Gordmans Stores shall be considered Sales Channels under the Agreement; and (v) the Gordmans Mark shall be considered a Stage Mark under the Agreement.

(c)    As between Bank and SSI, the parties agree that beginning on the Gordmans Amendment Effective Date, (i) all transactions initiated with a Gordmans-Converted Account shall be subject to the terms of this Agreement, and (ii) all accounts receivable and revenue generated from Gordmans-Converted Accounts after the Gordmans 

4

Amendment Effective Date shall accrue to the benefit of the parties to this Agreement as Accounts hereunder.  Further, as between Bank and SSI, the parties agree that Stage shall assume no interest in or liability for credit cards originated under the Gordmans Agreement that do not become Gordmans-Converted Accounts.

(d)    Beginning on or before [****] Bank shall accept applications for Credit Cards under the Agreement in Gordmans Stores.

(e)    In connection with the conversion of Gordmans-Converted Accounts, Bank shall not alter or modify account numbers issued to holders of Gordmans-Converted Accounts pursuant to the Gordmans Agreement without Stage’s prior written consent, which consent shall not be unreasonably withheld or delayed; provided, however, that this subsection (f) shall not restrict Bank from modifying account numbers for Gordmans-Converted Accounts in cases of suspected or actual fraud in a manner that is consistent with its standard policies or any other purposes permitted under the Agreement.

(f)    Between the Gordmans Amendment Effective Date and [****] Bank shall use commercially reasonable efforts to amend the credit card agreement between holders of Gordmans-Converted Accounts and Bank so that the terms of such credit card agreement are the terms of the Credit Card Agreement under the Plan established and operated under the Agreement.  Bank shall amend such credit card agreements in compliance with Applicable Law and provide Cardholders such notices and disclosures regarding such changes as are required by Applicable Law.

(g)    Bank shall [****] the redesign and reissuance of Credit Card plastics for the Gordmans-Converted Accounts, which design shall be subject to Stage’s review and approval as set forth in Section 3.4 of the Agreement.  Bank shall commence and complete such reissuance in [****].  Such reissuance shall not be considered a “Stage Re-issuance” as defined in Section 3.4(e)(i) of the Agreement.  [****]

(h)    Bank shall deliver to Stage the information described in Section 3.13(d)(ii) and Schedule 3.13(d) of the Agreement regarding the holders of the Gordmans-Converted Accounts no later than [****]

(i)    Promptly following the Gordmans Amendment Execution Date, the parties shall mutually agree to a marketing plan for the Stage Nameplate operating under the Gordmans Mark.  Further, the parties acknowledge and agree that it is their intent that the initial and annual marketing plans that will be adopted for the Stage Nameplate operating under the Gordmans Mark will be separate and distinct from the marketing plan(s) adopted for the other Stage Nameplates pursuant to Section 2.4(a) of the Agreement and not subject to the requirements set forth in Section 2.4(c)-(d) of the Agreement.

(j)    Bank shall support cross acceptance of (i) Credit Cards bearing the Gordmans Mark at Sales Channels operating under a Stage Nameplate other than Gordmans, and (ii) Credit Cards bearing Stage Mark other than the Gordmans Mark at Gordmans Stores, in each case as soon as possible following the Gordmans Amendment Execution Date, but in no event later than [****]

(k)    Notwithstanding any other provision of this Agreement, including Section 3.10(a)-(c) and paragraph (c) of Schedule 3.5(e), Stage shall have no obligation to offer a 

5

Cardholder Loyalty Program in connection with Gordmans Accounts; provided, however, that if Stage elects to offer a Cardholder Loyalty Program in connection with Gordmans Accounts, each party shall have the obligations set forth under the Agreement with respect to such Cardholder Loyalty Program. 

(l)    Notwithstanding Section 3.5(e) and Schedule 3.5(e) of the Agreement, the Parties agree that (i) the [****] Average shall not apply to Gordmans Stores, (ii) the [****] Rate shall not apply to merchandise sales on Gordmans Accounts and (iii) and the value proposition requirement shall not apply to customers of Gordmans Stores or holders of Gordmans Accounts.    

(m)    Except as otherwise specified herein or in the Agreement, each party shall be responsible for funding its own costs and expenses in connection with carrying out its obligations hereunder.” 

		
	4.
	Section 3.9 - Customer Service.  Section 3.9 of the Agreement is amended by adding a new subsection (e) as follows: 

“Bank shall maintain a separate toll-free telephone line for the provision of customer service for the Gordmans Accounts. Bank shall exercise commercially reasonable efforts to maintain this telephone line at the telephone number utilized for Gordmans, Inc. prior to the Gordmans Agreement Execution Date.”

		
	5.
	Section 3.15 - Communications and Systems Changes.  The Agreement is amended by adding a new Schedule 3.15(c) as attached hereto and a new subsection (c) to Section 3.15 as follows: 

“(c)  Bank shall complete those changes set forth on Schedule 3.15(c) by the completion date set forth in Schedule 3.15(c).”

		
	6.
	Section 7.5 - Stage Marks.  The following sentence is added to the end of Section 7.5 of the Agreement as follows:

“Further, Stage has the legal right to use and permit the Bank to use, to the extent set forth in the Agreement the Gordmans Mark.”

		
	7.
	Section 7.8 -Stage Representations and Warranties.  A new Section 7.8 is added to the Agreement as of the Gordmans Amendment Execution Date as follows:

“7.8    Gordmans-Converted Accounts.  Stage represents and warrants that it has all rights necessary, including under Applicable Law, to fulfill its obligations as, and at the time, required by the Gordmans Amendment.”

		
	8.
	Section 9.6 - Bank Representations and Warranties.  A new Section 9.6 is added to the Agreement as of the Gordmans Amendment Execution Date as follows:

“9.6    Gordmans-Converted Accounts.  Bank represents and warrants that it has all rights necessary, including under Applicable Law, to fulfill its obligations as, and at the time, required by the Gordmans Amendment.  Without limiting the generality of the foregoing, Bank represents and warrants that it has all rights necessary, including under Applicable 

6

Law, to convert the Gordmans-Converted Accounts to Accounts under the Agreement and to carry out its obligations under the Agreement.  Bank further represents and warrants that it has all rights necessary, including under Applicable Law, the Gordmans Agreement, the terms and conditions of its agreements with the holders of Gordmans-Converted Accounts and the privacy policy applicable to such Gordmans Converted Accounts, to share with Stage all information about the holders of Gordmans-Converted Accounts that Bank is required to share with Stage pursuant to the Agreement, including Section 3.13(d)(ii) and Schedule 3.13 of the Agreement, and to authorize Stage to use and disclose such information regarding the holders of Gordmans-Converted Accounts to the same extent permitted under the Agreement.”

		
	9.
	Section 11.1 - Indemnification.  Section 11.1(b) of the Agreement is amended as of the Gordmans Amendment Execution Date by deleting the word “and” immediately preceding clause (vii) and adding the following language immediately after clause (vii): “; (viii) the claims of any third party resulting from or related to a Gordmans-Converted Account that arose prior to the Gordmans Amendment Execution Date, including any protection programs, enhancement marketing services or other ancillary products or services offered or provided by Bank to holders of such Gordmans-Converted Accounts and any loyalty program offered to holders of Gordmans-Converted Accounts prior to the Gordmans Amendment Execution Date; (ix) the claims of any third party resulting from or related to accounts originated under the Gordmans Agreement which are not Gordmans-Converted Accounts; and (x) the claims of any third party, including any claims made by Gordmans, Inc. or its bankruptcy estate or trustee arising out of or relating to an alleged or actual breach by Bank of the Gordmans Agreement”.

		
	10.
	Section 12.1 - Term and Expiration.  Section 12.1 of the Agreement is hereby deleted in its entirety and replaced with the following:

“12.1    Term and Expiration.  Upon execution by authorized representatives of both parties, and unless terminated as provided herein, this Agreement shall become effective as of the Effective Date and remain in effect until July 31, 2021(“Initial Term”).  At Bank’s sole discretion, Bank may elect to extend the Initial Term for an additional two (2) years by providing written notice to Stage of such election on or before July 31, 2019 (“Option”).  Upon the expiration of the Initial Term, this Agreement shall automatically renew for successive [****] terms (each a “Renewal Term”) thereafter, unless either party provides the other with at least [****] months’ prior written notice of its intention not to renew this Agreement beyond the expiration of the Initial or then-current Renewal Term, as applicable.”

		
	11.
	Schedule 1.1(b) - Stage Marks.  The parties hereby agree that Schedule 1.1(b) of the Agreement is amended as of the Gordmans Amendment Effective Date by adding Schedule 1.1(b) attached hereto.

		
	12.
	Schedule 1.1(d) - Covered Gordmans Stores.  As of the Gordmans Amendment Effective Date, Schedule 1.1(d) attached hereto is hereby added to the Agreement.

		
	13.
	Schedule 1.3(e) - Measurement Period Summary.  The parties hereby agree that, upon Bank’s exercise of the Option, Schedule 1.3(e) of the Agreement is amended as follows:

7

(a)By changing measurement period 10 to be the full calendar year [****], adding measurement period 11 to be the full calendar year [****] and adding measurement period 12 to be the period from [****] through [****]

(b)By making the $/Account mailed for each new measurement period in (a) above, the prior measurement period cost multiplied by the annual CPI adjustment.

(c)By making the Paperless Statement Target for each new measurement period [****]

		
	14.
	Schedule 2.4(c) - Bank’s Marketing Commitments.  The parties hereby agree that, as of the Gordmans Amendment Execution Date, paragraph 3 of Schedule 2.4(c) of the Agreement is amended and restated in its entirety to read as follows:

"Fund the redesign and reissuance of the Credit Card plastics for each Stage Nameplate four (4) times during the Term: (i) first, within the twelve (12) month period beginning on the Effective Date; (ii) second, during the calendar year [****], but in any case before [****]; (iii) third, during the month of [****] or at such other time as agreed by the parties; and (iv) fourth, during the calendar year [****] but in any case before [****] or at such other time as agreed by the parties. The Gordmans brand shall not be included in the first two such reissuances. Each such re-issuance shall include substantially all Cardholders who have made a Purchase using an Account during the [****] month period immediately prior to the re-issuance (excluding a control population of such Cardholders). Bank will also test re-issuance to Cardholders who have not made a Purchase using an Account during the [****] month period immediately prior to the re-issuance but who have made a Purchase using an Account during the [****] month period beginning [****] months immediately prior to the re-issuance and ending [****] months immediately prior to the re-issuance.  Notwithstanding the foregoing, any such re-issuance of the Credit Card plastics shall be in accordance with Applicable Law and Bank’s Corporate Reissuance Policy.  Should any such re-issuance of the Credit Card plastics not comply with Applicable Law or Bank’s Corporate Reissuance Policy, in lieu of the reissuance, Bank shall, promptly following such determination, pay to Stage an amount equal [****] and Stage shall use such funds, in its sole reasonable discretion, to fund credit marketing program(s)."

		
	15.
	Schedule 3.2 - Plan Teams.  Schedule 3.2 of the Agreement is amended as of the Gordmans Amendment Execution Date as follows:

(a)The two parentheticals in subsection (d) that read “(excluding Steele’s)” are replaced with the following: “(excluding Gordmans)”.

(b)The following paragraph is added as a separate paragraph following the final paragraph of subsection (d):

“Upon the request of Stage, Bank shall ensure that at least one (1) individual member of the field sales team is assigned solely to physical retail Sales Channels operating under the Gordmans Mark at all times, unless and until Stage requests a realignment of the field sales team.”

		
	16.
	Schedule 6.1 - Plan Economics.  The parties hereby agree that Schedule 6.1 of the Agreement is amended as of the Gordmans Amendment Execution Date as follows:

8

(a)By adding the following language to Section C immediately following the first paragraph: “Bank shall pay to Stage an amount equal to [****] ([****]), as follows: 

		
	i.
	[****]shall be paid within five (5) Business Days following the Gordmans Amendment Execution Date (“Option Grant Bonus”); and

		
	ii.
	[****] shall be paid on or before July 31, 2019, only if Bank exercises the Option (“Renewal Signing Bonus”).

(b)By adding “, Option Grant Bonus, Renewal Signing Bonus (if applicable),” to the second paragraph in Section C, immediately following the words “Signing Bonus or”.

(c)If Bank exercises the Option, the following shall replace clause (2) of the third paragraph in Section C with the following: “multiplied by the quotient obtained by dividing the number of complete month remaining from the termination’s effective date until July 31, 2021, if any, by one hundred eight (108).”

(d)If Bank exercises the Option, in Section D, bullet “C = operating expenses” replace Measurement Periods “3-9” with “3-12.” 

(e)If Bank exercises the Option, the following shall replace the second sentence of the “Note” in Section D with the following: “Further, to the extent that any Wind-down Period extends beyond the Initial Term, Measurement Period 12 shall be extended until the termination or expiration of the Wind-down Period for purposes of calculating the Monthly Net Portfolio Yield Payments during such Wind-down Period.”

(f)If Bank exercises the Option, the following shall be added to Section D, under the heading “Cost per statement” and immediately following the text for “Measurement Period 10” the following:

“    •  Measurement Period 11: cost per statement for MP 10 * CPI adjustor based on MP 10 ending paperless rate
•  Measurement Period 12: cost per statement for MP 11 * CPI adjustor based on MP 11 ending paperless rate”

		
	17.
	Counterparts; Effectiveness.  This Gordmans Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all of such counterparts shall together constitute one and the same instrument.  Unless otherwise set forth herein, all provisions of this Gordmans Amendment shall become binding on the Gordmans Amendment Execution Date and become effective as of the Gordmans Amendment Effective Date.

		
	18.
	General.  This Gordmans Amendment shall not be changed, modified or amended except in writing and signed by both of the Parties hereto.  The provisions of this Gordmans Amendment shall be considered a part of the Agreement.  Except as specifically amended in this Gordmans Amendment, the provisions of the Agreement, as amended, remain unaffected and in full force and effect.  The provisions of this Gordmans Amendment shall prevail in the event of any conflict between the provisions hereof and the provisions of the Agreement.

9

IN WITNESS WHEREOF, SSI and Bank have executed this Gordmans Amendment in a manner and form sufficient to bind them on the Gordmans Amendment Execution Date.

	
				
	STAGE STORES, INC.
	 
	 
	COMENITY BANK (formerly known as

	 
	 
	 
	WORLD FINANCIAL NETWORK BANK)

	 
	 
	 
	 

	By:  /s/ Oded Shein
	 
	 
	By:  /s/ John Marion

	 
	 
	 
	 

	Oded Shein
	 
	 
	John Marion

	Printed Name
	 
	 
	Printed Name

	 
	 
	 
	 

	EVP,CFO
	 
	 
	8/14/17 (President)

	Title
	 
	 
	Title

10

Schedule 1.1(b)
Stage Marks
 

Word Marks:

Give the Unexpected
gRewards
Gordmans
G Something Unexpected
Something Unexpected

Stylized Design Marks:

11

Schedule 1.1(d)
Covered Gordmans Stores

	
					
	STORE NO.
	STREET ADDRESS
	CITY
	STATE  
	ZIP CODE

	6079
	2230 S Promenade Blvd
	Rogers
	AR
	72758

	6060
	1972 Southgate Road
	Colorado Springs 
	CO
	80906

	6105
	8055 W Bowles Ave
	Littleton
	CO
	80123

	6041
	10001 Grant St.
	Thornton
	CO
	80229

	6072
	4601 1st Ave SE
	Cedar Rapids
	IA
	52402

	6080
	2515 Corridor Way
	Coralville
	IA
	52241

	6082
	3125 Manawa Centre Dr
	Council Bluffs
	IA
	51501

	6002
	3860 Elmore Ave
	Davenport
	IA
	52807

	6019
	1200 SE Army Post Rd
	Des Moines
	IA
	50315

	6021
	2590 Hubbell Ave
	Des Moines
	IA
	50317

	6045
	1400 22nd St
	Des Moines
	IA
	50266

	6036
	5001 Sergeant Rd, Suite 140
	Sioux City
	IA
	51106

	6023
	2060 Crossroads Blvd #200
	Waterloo
	IA
	50702

	6103 
	2260 N. Eagle Road
	Meridian
	ID
	83646

	6059 
	16740 North Marketplace Blvd
	Nampa
	ID
	83687

	6004
	1901 N Market
	Champaign
	IL
	61822

	6027
	81 Ludwig Dr
	Fairview Heights
	IL
	62208

	6003
	4401 27th St
	Moline
	IL
	61265

	6071
	7611 North Grand Prairie Dr
	Peoria
	IL
	61615

	6107
	340 West Washington Street
	Peoria 
	IL
	61611

	6008
	3231 S Veterans Parkway
	Springfield
	IL
	62704

	6112
	945 East Lewis & Clark Pkway
	Clarksville 
	IN
	47129

	6083
	902 S Thomas Road
	Ft Wayne
	IN
	46804

	6076
	100 S Creasy Lane, Suite 1400
	Lafayette
	IN
	47905

	6084
	4430 Grape Road
	Mishawaka
	IN
	46545

	6114
	710 Porter's Vale Blvd
	Valparaiso
	IN
	46383

	6029
	3245 Topeka Blvd
	Topeka
	KS
	66611

	6028
	2057 N Rock Rd, Suite101
	Wichita
	KS
	67206

	6081
	7011 W Central #300
	Wichita
	KS
	67212

	6078
	3801 Mall Road
	Lexington
	KY
	40503

	6121
	5202 Bay Road
	Saginaw 
	MI
	48604

	6119
	4910 Wilson Ave SW
	Wyoming 
	MI
	49418

	6086
	901 County Rd 42 West
	Burnsville
	MN
	55306

	6087
	8268 Tamarack Village
	Woodbury
	MN
	55125

	6124
	235 Arnold Crossroads Center
	Arnold 
	MO
	63010

	6009
	687 Gravois Bluffs Blvd
	Fenton 
	MO
	63026

	6047
	13500 A East 40 Hwy
	Independence
	MO
	64055

	6048
	309 NE Englewood Rd
	Kansas City
	MO
	64118

	6063
	2259 Missouri State Hwy K
	O'Fallon
	MO
	63366

	6032
	3303 S Campbell Ave
	Springfield
	MO
	65807

	6049
	1355 S 5th St
	St Charles
	MO
	63301

	6039
	3702 Frederick Ave
	St Joseph
	MO
	64506

	6073
	100 Towne Center Loop
	Southaven
	MS
	38671

	6120
	1449 East LaSalle Drive
	Bismarck
	ND
	58503

	6005
	5100 14th Ave SW
	Fargo
	ND
	58103

	6006
	3501 32nd Ave South
	Grand Forks
	ND
	58201

	6113
	3220 16th ST SW
	Minot
	ND
	58701

12

	
					
	6042
	850 E 23rd St
	Fremont
	NE
	68025

	6022
	1111 Allen Dr
	Grand Island
	NE
	68803

	6044
	5050 N 27th St
	Lincoln
	NE
	68521

	6085
	1617 Eglin Street
	Rapid City
	SD
	57701

	6043
	4001 S Louise Avenue
	Sioux Falls
	SD
	57106

	6102
	1101 West Riverdale Road
	Riverdale
	UT
	84405

	6089
	11590 South District Drive
	South Jordan
	UT
	84095

	6116
	2351 Holmgren Way
	Ashwaubenon
	WI
	54304

	6109
	7450 Green Bay Road, Suite B
	Kenosha
	WI
	53142

	6018
	131 East Towne Mall
	Madison
	WI
	53704

	6065
	3701 Rib Mountain Drive
	Wausau
	WI
	54401

13

Schedule 3.15(c)
Communications and Systems Changes

	
			
	Change Name
	Date of Full Implementation
	Description of Change

	[****]
	04/30/18
	[•]

	[****]
	10/31/18
	[•]

	[****]
	10/31/18
	[•]

	[****]
	10/31/18
	[•]

20592959_1

14

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