Document:

Exhibit 10.1

 

Framework Agreement
on Strategic Cooperation

 

Party A: JXLuxventure (Hainan) Technology Co., Ltd.

Party B: Hainan Douxing Cultural Media Co. Ltd.

 

Party A and Party B (hereinafter collectively referred to as “both
parties”) plan to build strategic cooperative relations based on the principle of equality, mutual benefit, and complementary advantages
through friendly negotiation. Both parties plan to establish a strategic partnership for long-term collaborative development on the basis
of mutual benefit and integrating superior resources. Thus, the Framework Agreement on Strategic Cooperation is reached through friendly
negotiation (hereinafter referred to as “this Framework Agreement”) by both parties.

 

I. Cooperation Principle

 

1. Through the establishment of a close, long-term and friendly strategic
cooperation partnership, both parties shall give full play to their respective advantages. To carry out cooperation in cosmetics and skincare
products, consumer goods supply chain, cross-border trade and related fields around the world, both parties shall contribute to further
increase the overall market share, improve operational efficiency, reduce operating costs, realize resource cooperation, complement each
other’s advantages and achieve collaborative development.

 

2. The basic principles of this Framework Agreement are voluntariness,
equality, win-win, mutual benefit and support, collaborative development, adherence to trade secrets and joint market development.

 

3. Both parties shall give full play to the advantages, improve competitiveness,
and jointly explore the market.

 

4. This Framework Agreement is an agreement that defines the basic
principles of cooperation between both parties and shall serve as a guiding document for long-term cooperation between both parties in
the future as well as the basis for both parties to sign relevant contracts.

 

II. Scope of Cooperation

 

This Framework Agreement includes but is not limited to market in-depth
development, customer loyalty program, and technical service cooperation between Party A and Party B in cosmetics and skincare products,
consumer goods supply chain, cross-border trade and related fields around the world.

 

     

     

    

 

III. Cooperation Content

 

1. Both parties agree to be long-term strategic partners of each other.
Party A is a cross-border merchandise supplier company, Party B is a new media operation agency that has domestic industrial advantages.
Both parties agree to reach the cooperation approach as follows: Party B shall, under the same condition, grant Party A an exclusive right
to supply cross-broader merchendise, and entrust Party A to be responsible for and track the work related to cross-border business procurement.
Under the same conditions, Party A shall give priority to collaborating with Party B for Dou Yin cross-border live broadcasting sales.
Both parties agree that the estimated annual purchase quantity is as follows: from the effective date of this contract, the purchased
quantity in the first year is about USD 30,000,0000.

 

2. For different procurement projects, Party A and Party B will sign
relevant project contracts based on specific project conditions. Party A shall, based on Party B’s procurement requirements, provide
Party B with a detailed quotation list, goods supply and delivery time, logistics clearance, and other services. Party B shall guarantee
to complete the relevant work based on the quotation as required by Party A, and make sure that the commodities or services, delivery
time, and quality of the commodities or services are in accordance with the provisions of the project contract.

 

3. Party A and Party B may also choose to share resources and jointly
develop new projects and new models based on their resources. Projects jointly developed by both parties shall be supplemented by signing
a new cooperation agreement according to the specific situation of the project.

 

IV. Term of Cooperation

 

1. Both parties are committed to establishing a long-term strategic
cooperative relationship. If either party considers that the other party’s behavior infringes upon its legitimate rights and interests,
or for any other appropriate reason, the party may terminate this Framework Agreement by consensus when the party deems it unnecessary
or impossible to cooperate. In this situation, neither party shall be liable for any legal liabilities and consequences. Upon the termination
of this Framework Agreement, both parties shall immediately stop the external publicity in the name of the other party.

 

2. If either party intends to terminate this Framework Agreement, the
party shall negotiate with the other party at least 30 days in advance.

 

3. If both parties agree to terminate the Framework Agreement, they
shall continue to perform all procurement/sales project contracts signed during the cooperation period until the performance of the project
contract is completed, or they can terminate the project contracts upon mutual consent of both parties.

 

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V. Operation Cycle and Profit Distribution Method

 

1. Party A and the third party company International Global Shopping
(Hainan) Cross-border E-commerce Co., LTD signed a relevant supply chain collaboration contract and agreement, this will specify the accounting
period and other relevant contents of both parties.

 

2. Party A entrusts Party B to sell the products. Both parties shall
designate the self-broadcast account and the cooperative matrix account and specify the goods that will be sold on Party A’s pallets.
Party A shall enjoy 45% of the total net profit of the goods sold as a share except operating expenses (including traffic expenses, anchors’
salary and commission, platform sharing and other operating expenses, hereinafter referred to as “operating expenses”), and
the rest shall be owned by Party B. Party B shall bear the operating expenses of the self-broadcast account and the cooperative matrix
account.

 

3. Both parties shall negotiate how to operate that anchors incubate
self-broadcast accounts and cooperative matrix accounts of other business segments, as well as derived agency operation business, training
business, and entrusted sales business for third parties. Party B shall enjoy 55% of the gross profit as a business share, and the rest
shall belong to Party A. If it is required for having a site, Party A shall be responsible for all expenses of site, personnel, and decoration.

 

4. Party A entrusts Party B to sell its prodcuts, and calculates profits
separately according to products batch. If a batch of defective products is unsalable, both parties may negotiate to sell them at a lower
price. If party A loses money as a result, Party A shall reduce the proportion based on the actual total marketing profit of this batch
of goods. Party B shall, within 120 days upon the arrival of the goods in the designated bonded warehouse, complete the sale of this batch
of goods through various channels (including but not limited to Dou Yin live broadcast, JD.com, TMall and other mainstream internet shopping
platforms), failing which, Party B shall purchase back all the goods.

 

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VI. Confidentiality Clause

 

Both parties shall be obliged to keep confidentiality in terms of the
business, technical information, and trade secrets of the other party that they gain or hold in the course of business cooperation. The
information shall not be disclosed to a third party without the written consent of the other party. If either party breaches the confidentiality
clause and leads to losses to the other party, the breaching party shall bear corresponding economic and legal liabilities.

 

VII. Contact Information

 

Communication between the parties shall include but is not limited
to the following, and other contact information as notified in writing by the parties:

 

Party A: JXLuxventure (Hainan) Technology Co., Ltd

Address: [Redacted]

Contact person: [Redacted]

E-mail: [Redacted]

 

Party B: Hainan Douxing Cultural Media Co. LTD

Address: [Redacted]

Contact person: [Redacted]

E-mail: [Redacted]

The parties to this Framework Agreement may send documents to other
parties by express delivery, in-person delivery, or E-mail.

 

VIII. The Force Majeure

 

In case of force majeure factors (such as natural disasters, war, and
significant social changes, etc.) negatively affect the store so that the store cannot normally operate, or the official brand enters
into Dou Yin which leads to the purchased products cannot be sold, and prevents any party from performing the agreement, the affected
party may suspend the execution of this Framework Agreement, which is not a breach and the liability of both parties is extended accordingly.
The affected party shall promptly provide proof of the occurrence of force majeure to the other party, failing which, it shall be deemed
that the force majeure has not occurred. If the force majeure event is permanently irrecoverable or its effects cannot be eliminated,
the other party has the right to terminate this Framework Agreement. If this Framework Agreement is thus terminated, neither party shall
be in breach of this Framework Agreement

 

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IX. Supplementary Articles

 

1. This Framework Agreement is the basis of the strategic cooperation
between both parties. In the condition that both parties subsequently reach new matters or enter into specific contracts for cooperation,
or if there is any discrepancy between the terms of the specific contracts and the matters set forth in this Framework Agreement, the
subsequent agreements and specific contracts shall prevail.

 

2. The modification, termination, and other matters not covered herein
shall be separately entered into by both parties in a supplementary agreement upon mutual agreement.

 

3. Disputes in connection with this Framework Agreement shall be settled
by both parties through friendly negotiation. If the negotiation fails, the dispute shall be under the jurisdiction of the People’s Court
of the place where Party A is located.

 

4. The Framework Agreement is made in duplicate, with each party holding
one copy. The agreement shall come into force after being sealed by both parties and have the same legal effect.

(No text below)

 

Party A (Seal):

Signed by an authorized representative of the legal person:

Date:

 

Party B (Seal):

Signed by an authorized representative of the legal person:

Date:

 

 

5Exhibit 10.1

 

RESTRICTED STOCK AWARD AGREEMENT

 

THIS RESTRICTED STOCK
AWARD AGREEMENT (this “Agreement”) is made on June 15, 2022, by and between REX American Resources Corporation,
a Delaware corporation (the “Company”) and the undersigned, ______________________ (“Grantee”).

 

1. Grant of Restricted
Stock. Pursuant to the REX American Resources Corporation 2015 Incentive Plan (the “Plan”), the Company
hereby grants to Grantee, as of the date hereof (the “Date of Grant”), ____ shares of Common
Stock of the Company, par value $.01 per share, subject to the following restrictions, terms and conditions (the “Restricted
Stock”). Capitalized terms not otherwise defined herein shall have the same meaning as in the Plan.

 

2. Period of Restriction and
Vesting of Restricted Stock.

 

(a)
Period of Restriction. All restrictions imposed by this Agreement and the Plan shall apply to the Restricted Stock until
the Restricted Stock vests (as provided in Section 2(b) hereof) (the period during which such restrictions apply is referred to
as the “Period of Restriction”). Restricted Stock after the Period of Restriction has ended is referred to
as “Vested Stock.”

 

(b)
Vesting. Subject to Sections 3 and 4 hereof, the restrictions on the Restricted Stock shall lapse and the Restricted Stock
shall vest on the following dates (collectively, the “Vesting Period”), subject to Grantee’s continued
employment or service through the applicable date:

 

	Date	Annual

    Amount Vested	Cumulative

    Amount
	First Anniversary
    of Date of Grant	one-third1	one-third
	Second Anniversary
    of Date of Grant	one-third2	two-thirds
	Third Anniversary
    of Date of Grant	one-third2	all

 

3. Accelerated Vesting.
Notwithstanding the foregoing, the restrictions applicable to the Restricted Stock shall lapse and the Restricted Stock shall
vest and become Vested Stock upon the occurrence of any of the following events:

 

(a)
  Death or Total Disability
of Grantee;

 

(b)
  Involuntary termination
of employment of Grantee by the Company or a subsidiary of the Company by which Grantee is employed (a “Subsidiary”)
without cause (as defined in an employment agreement between Grantee and the Company or a Subsidiary, if any, or if none as defined
in the Plan);

 

(c)
  Voluntary termination
of employment by Grantee after having obtained twenty (20) years of service with the Company or a Subsidiary and attained age
55;

 

 

1 Rounded down to the nearest share, if necessary

2 Rounded up to the nearest share, if necessary

 

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(d)
  Grantee’s termination
of employment with the Company or a Subsidiary for “good reason” within twelve (12) months following a Change in Control
as defined in the Plan (as “good reason” is defined in an employment agreement between Grantee and the Company or
a Subsidiary, if any, or if none this event shall not apply); 

 

(e)
  If Grantee is a non-employee
director of the Company, (i) Grantee’s termination of service on the Board of Directors of the Company by reason of “retirement”
) which is deemed to occur only if Grantee (x) voluntarily resigns from the Board of Directors (and not at the request of the
Board of Directors due to conduct by Grantee that results in, or could reasonably be expected to result in, material harm to the
business or reputation of the Company or any of its Subsidiaries) and (y) attained age 55 [with at least 20 years of service on
the Board of Directors] prior to the date of such termination; or (ii) Grantee’s involuntary termination of service on the
Board of Directors following a Change in Control; and 

 

(f)
  Any other event specified
as causing accelerated vesting in an applicable employment agreement, if any, between Grantee and the Company or a Subsidiary.

 

4.
Change in Control. In the event of a Change in Control, this Award shall be subject to the definitive agreement governing
such Change in Control. Such agreement, without Grantee’s consent and notwithstanding any provision to the contrary in this
Agreement or the Plan, shall provide for one of the following: (a) the assumption of this Award by the surviving corporation or
its parent; (b) the substitution by the surviving corporation or its parent of an award with substantially the same terms as this
Award; or (c) the acceleration of the vesting of 100% of the Restricted Stock that remains unvested at the time of the Change
in Control. In the event the definitive agreement does not provide for one of the foregoing alternatives with respect to the treatment
of this Award, this Award shall have the treatment specified in clause (c) of the preceding sentence. The Committee may, in its
sole discretion, accelerate the vesting of this Award in connection with any of the foregoing alternatives. 

 

5.
Transferability of Restricted Stock. The Restricted Stock may not be sold, transferred, pledged, assigned or otherwise
alienated or hypothecated until the Restricted Stock has become Vested Stock.

 

6.
Termination of Employment or Service. All Restricted Stock held by Grantee subject to this Agreement (and any Retained
Distributions as described in Section 9 below) automatically will be forfeited, terminated and cancelled without payment of any
consideration by the Company upon a termination of employment or other service of Grantee other than as specifically described
in Section 3 above, including, without limitation, upon an involuntary termination of Grantee’s employment for “cause”
(as defined in Section 3(b) above), or, if Grantee is a non-employee director, upon a resignation at the request of the Board
of Directors due to conduct by Grantee that results in, or could reasonably be expected to result in, material harm to the business
or reputation of the Company or any of its Subsidiaries. 

 

7.
Use of Broker. To assure compliance with any applicable tax withholding requirements, Vested Stock may only be sold through
a securities broker approved by the Company.

 

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8.
Certain Tax Actions. If Grantee makes an election with respect to the Restricted Stock as permitted under Code Section
83(b), Grantee shall notify the Company of such election within ten (10) days after filing the election with the Internal Revenue
Service. There is a strict time limit for making an election under Section 83(b). Grantee should consult his/her tax advisor as
to whether a Section 83(b) election should be filed and as to other tax aspects of the grant of Restricted Stock. Grantee hereby
agrees to indemnify and hold harmless the Company and its affiliates and the directors, officers, agents and representatives of
the Company and its affiliates, respectively, for any tax, penalty or interest imposed on the Company or such other parties in
connection with the grant or vesting of Restricted Stock resulting from Grantee’s failure to provide notice to the Company
in accordance with this Section 8.

 

9.
Shareholder Rights. Subject to Sections 5 and 6, Grantee shall have all rights and privileges of a stockholder of the Company
with respect to the Restricted Stock, including all voting rights and the right to receive dividends and other distributions,
if any, paid by the Company with respect to the Restricted Stock except that, until such time as the Restricted Stock has become
Vested Stock in accordance with the terms of this Agreement:

 

(i) Grantee shall
not be entitled to receive a certificate or certificates for the Restricted Stock; and

(ii) the Company
shall retain custody of any cash dividends or other distributions (“Retained Distributions”) made or declared
with respect to the Restricted Stock (and such Retained Distributions will be subject to the restrictions set forth in this Agreement
and the other terms and conditions under this Agreement that are applicable to the Restricted Stock) until such time, if ever,
as the Restricted Stock with respect to which such Retained Distributions shall have been made, paid or declared shall have become
Vested Stock, and such Retained Distributions shall not bear interest or be segregated in separate accounts.

10.
Adjustments Upon Changes in Capitalization, Etc. In the event of any change in the outstanding Common Stock of the Company
by reason of any stock split, stock dividend, recapitalization, merger, consolidation, combination or exchange of Common Stock
or other similar corporate change or in the event of any special distribution to shareholders, the Committee shall make such equitable
adjustments in the number of shares of Restricted Stock as the Committee determines are necessary and appropriate. Any such adjustment
shall be conclusive and binding for all purposes of the Plan.

 

11.
Tax Withholding. To enable the Company or a Subsidiary to meet any applicable withholding tax requirements arising as a
result of the grant or vesting of the Restricted Stock, unless the Company or a Subsidiary receives from Grantee a check in an
amount equal to the amount required to be withheld for tax purposes in connection with such vesting or other event no later than
five (5) business days before the date the Restricted Stock vests (or, if withholding is required earlier than the vesting date
due to a tax election by Grantee or otherwise, within five (5) business days before the date required by such tax election or
other event), the Company shall withhold such amount of Restricted Stock that otherwise would have vested or been delivered to
Grantee as necessary to pay the required tax withholding. The value of any

 

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Restricted
Stock or Vested Stock to be withheld by the Company shall be the Fair Market Value on the date used to determine the amount of
tax to be withheld.

 

12.
Restricted Stock Subject to Plan. The Restricted Stock awarded pursuant to the Plan is subject to all of the terms and
conditions of the Plan, which are hereby expressly incorporated and made a part hereof. Any conflict between this Agreement and
the Plan shall be controlled by, and settled in accordance with, the terms of the Plan. Grantee acknowledges that he/she has received,
read and understands the provisions of the Plan and agrees to be bound by its terms and conditions.

 

13.
Compliance with Insider Trading Policy. Grantee acknowledges and confirms that all transactions in the Common Stock and
any derivative securities related to the Common Stock shall be in compliance with the Company’s Insider Trading Policy.

 

14.
Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by Grantee or the Company
promptly to the Committee, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the
Committee shall be final and binding on the Company and Grantee.

 

15.
Not a Contract of Employment. This Agreement shall not be deemed to constitute an employment contract between the Company
or a Subsidiary and Grantee or to be a consideration or an inducement for the employment or other service of Grantee.

 

16.
Notices. Any notice required or permitted hereunder shall be given in writing and deemed delivered when (i) personally
delivered, (ii) sent by facsimile transmission and a confirmation of the transmission is received by the sender, (iii) three (3)
days after being sent by registered or certified mail, return receipt requested, or (iv) one (1) day after being deposited for
overnight delivery with a recognized overnight courier, such as Federal Express or UPS, and addressed or sent, as the case may
be, to the address or facsimile number set forth below or to such other address or facsimile number as such party may designate
in writing.

 

17.
Further Instruments. The parties agree to execute such further instruments and to take such further actions as may be reasonably
necessary to carry out the purposes and intent of this Agreement.

 

18.
Entire Agreement; Governing Law; Severability; Etc. This Agreement and the Plan constitute the entire agreement of the
parties and supersede in their entirety all prior understandings and agreements of the Company and Grantee with respect to the
subject matter hereof and thereof, and shall be interpreted in accordance with, and shall be governed by, the laws of the State
of Ohio, subject to any applicable federal or state securities laws. Should any provision of this Agreement be determined by a
court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable.
This Agreement may be executed in two counterparts, each of which shall be deemed to be an original, and both of which, together,
shall constitute the same agreement.

 

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

 

	 	REX American Resources Corporation
	 	 
	 	By: 	 
	 	 	Edward M. Kress

    Secretary
	 	 	 
	 	Address and Facsimile Number: 
 
 REX
    American Resources Corporation 
 7720 Paragon Road
 Dayton,
    OH 45459
 Facsimile: (937) 276-8643
	 	 	 
	 	GRANTEE:
	 	 	 
	 	 
	 	 	 
	 	 	 
	 	Address:
	 	 
	 	 

 

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