Document:

Exhibit 10.1

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

May
24, 2021

 

Ms.
Minye Wang

[*]

 

	Re:	Director
    Offer Letter for a Director

 

Dear
Ms. Wang,

 

Shineco,
Inc., a Delaware corporation (the “Company”), is pleased to offer you a position as member of its board of directors
(the “Board”). We believe your background and experience will be a significant asset to the Company and we look forward
to your participation on the Board. Should you choose to accept this position as a member of the Board, this letter agreement (this “Agreement”)
shall constitute an agreement between you and the Company and contains all the terms and conditions relating to the services you agree
to provide to the Company.

 

1.
Term. This Agreement is effective upon your acceptance and signature below. Subject to the provisions in Section 8 below,
your term shall continue until your successor is duly elected and qualified. The position shall be up for re-election each year at the
annual shareholder’s meeting, and upon re-election, the terms and provisions of this Agreement shall remain in full force and effect.

 

2.
Services. You shall render services as a director of the Board and the Board committee(s) set forth on Schedule
A attached hereto (hereinafter your “Duties”). During the term of this Agreement, you shall attend and
participate in such number of meetings of the Board and of the Board committee(s) of which you are a member as regularly or specially
called. You may attend and participate at each such meeting via teleconference, video conference, or in person. You shall consult with
the other members of the Board and Board committee(s) as necessary via telephone, electronic mail, or other forms of correspondence.

 

3.
Compensation. As compensation for your services to the Company, you will receive compensation as set forth on Schedule
B attached hereto (hereinafter, the “Compensation”) for serving on the Board during your term as a director.
You shall be reimbursed for reasonable and approved expenses incurred by you in connection with the performance of your Duties.

 

4.
No Assignment. Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned
by you without the prior written consent of the Company.

 

5.
Confidential Information; Non-Disclosure. In consideration of your access to certain Confidential Information (as defined
below) of the Company, in connection with your business relationship with the Company, you hereby represent and agree as follows:

 

a.
Definition. For purposes of this Agreement the term “Confidential Information” means:

 

i.
Any information which the Company possesses that has been created, discovered, or developed by or for the Company, and which has or could
have commercial value or utility in the business in which the Company is engaged; or

 

ii.
Any information which is related to the business of the Company and is generally not known by non-Company personnel.

 

iii.
Confidential Information includes, without limitation, trade secrets and any information concerning services provided by the Company,
concepts, ideas, improvements, techniques, methods, research, data, know-how, software, formats, marketing plans, and analyses, business
plans and analyses, strategies, forecasts, customer and supplier identities, characteristics and agreements.

 

b.
Exclusions. Notwithstanding the foregoing, the term “Confidential Information” shall not include:

 

i.
Any information which becomes generally available to the public other than as a result of a breach of the confidentiality portions of
this Agreement, or any other agreement requiring confidentiality between the Company and you;

 

    	1

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

ii.
Information received from a third party in rightful possession of such information who is not restricted from disclosing such information;
and

 

iii.
Information known by you prior to receipt of such information from the Company, which prior knowledge can be documented.

 

c.
Documents. You agree that, without the express written consent of the Company, you will not remove from the Company’s
premises, any notes, formulas, programs, data, records, machines, or any other documents or items which in any manner contain or constitute
Confidential Information, nor will you make reproductions or copies of same. You shall promptly return any such documents or items, along
with any reproductions or copies, to the Company upon the earliest of Company’s demand, termination of this Agreement, or your
termination or Resignation, as defined in Section 8 herein.

 

d.
Confidentiality. You agree that you will hold in trust and confidence all Confidential Information and will not disclose
to others, directly or indirectly, any Confidential Information or anything relating to such information without the prior written consent
of the Company, except as maybe necessary in the course of your business relationship with the Company. You further agree that you will
not use any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your
business relationship with the Company, and that the provisions of this paragraph (d) shall survive termination of this Agreement.

 

e.
Ownership. You agree that Company shall own all right, title, and interest (including patent rights, copyrights, trade
secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the
world) relating to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how,
ideas, and information made or conceived or reduced to practice, in whole or in part, by you during the term of this Agreement and that
arise out of your Duties (collectively, “Inventions”) and you will promptly disclose and provide all Inventions to
the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect such assignments, and to perfect,
obtain, maintain, enforce, and defend any rights assigned.

 

6.
Non-Competition. You agree and undertake that you will not, so long as you are a member of the Board and for a period of
12 months following termination of this Agreement for whatever reason, directly or indirectly as owner, partner, joint venture, shareholder,
employee, broker, agent principal, corporate officer, director, licensor, or in any other capacity whatsoever, engage in, become financially
interested in, be employed by, or have any connection with any business or venture that is engaged in any activities involving services
or products which compete, directly or indirectly, with the services or products provided or proposed to be provided by the Company or
its subsidiaries or affiliates in the People’s Republic of China and the United States; provided, however,
that you may own securities of any public corporation which is engaged in such business but in an amount not to exceed at any one time,
one percent of any class of stock or securities of such company, so long as you has no active role in the publicly owned company as director,
employee, consultant, or otherwise.

 

7.
Non-Solicitation. So long as you are a member of the Board and for a period of 12 months thereafter, you shall not directly
or indirectly solicit for employment any individual who was an employee of the Company during your tenure.

 

8.
Termination and Resignation. Your membership on the Board may be terminated, with or without cause, by the holders of a
majority of the Company’s shares of common stock entitled to vote at an election of directors. Your membership on the Board or
on any Board committee(s) shall be terminated if you become of unsound mind or are prohibited by law from being so. You may also terminate
your membership on the Board or on any Board committee(s) for any or no reason by delivering your written notice of resignation to the
Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is
specified, upon receipt of the notice of Resignation by the Company. Upon the effective date of the termination or Resignation, your
right to compensation hereunder will be subject to the Company’s obligations to pay you any compensation (including the vested
portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your
performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective
date of such termination or Resignation shall be forfeited and cancelled.

 

    	2

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

9.
Governing Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and
obligations of the parties hereunder, shall be determined in accordance with the Chinese laws without regard to conflict of laws provisions
therein.

 

10.
Entire Agreement; Amendment; Waiver; Counterparts. This Agreement expresses the entire understanding with respect to the
subject matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof. Any
term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent of the
parties hereto. Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver of any subsequent breach
or failure of the same term or condition or waiver of any other term or condition of this Agreement. The failure of any party at any
time to require performance by any other party of any provision of this Agreement shall not affect the right of any such party to require
future performance of such provision or any other provision of this Agreement. This Agreement may be executed in separate counterparts
each of which will be an original and all of which taken together will constitute one and the same agreement, and may be executed using
facsimiles of signatures, and a facsimile of a signature shall be deemed to be the same, and equally enforceable, as an original of such
signature.

 

11.
Indemnification. The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless
from and against any expenses, including reasonable attorney’s fees, judgments, fines, settlements, and other legally permissible
amounts (“Losses”), incurred in connection with any proceeding arising out of, or related to, your performance of
your Duties, other than any such Losses incurred as a result of your negligence, fraud, or willful misconduct. The Company shall advance
to you any expenses, including reasonable attorneys’ fees and costs of settlement, incurred in defending any such proceeding to
the maximum extent permitted by applicable law. Such costs and expenses incurred by you in defense of any such proceeding shall be paid
by the Company in advance of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for
payment; (b) appropriate documentation evidencing the incurrence, amount, and nature of the costs and expenses for which payment is being
sought; and (c) an undertaking adequate under applicable law made by or on your behalf to repay the amounts so advanced if it shall ultimately
be determined pursuant to any non-appealable judgment or settlement that you are not entitled to be indemnified by the Company.

 

12.
Not an Employment Agreement. This Agreement is not an employment agreement, and shall not be construed or interpreted to
create any right for you to continue employment with the Company.

 

13.
Acknowledgement. You accept this Agreement subject to all the terms and provisions of this Agreement. You agree to accept
as binding, conclusive, and final all decisions or interpretations of the Board of the Company of any questions arising under this Agreement.

 

[Signature
Page Follows]

 

    	3

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

This
Agreement has been executed and delivered by the undersigned and is made effective as of the date set first set forth above.

  

	 	 	Sincerely,
	 	 	 	 
	 	 	Shineco, Inc. 
	 	 	 	 
	 	 	 	/s/
    Yuying Zhang 
	 	 	By:
    	Yuying
    Zhang
	 	 	Title:	Chairman
    of the Board

 

AGREED
AND ACCEPTED:

 

	 	/s/
    Minye Wang	 	 
	By:	Minye Wang 	 	 

 

    	4

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

Schedule
A

 

The
director is offered to serve on the following Board committee(s):

 

	Committee	 	Title
	N/A	 	N/A

 

 

    	5

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

Schedule
B

Compensation

 

During
your term as a member of the Board, you will receive cash compensation in the amount of US$20,000 per year, which shall be paid to you
annually at the end of your term in office.

 

    	6Exhibit 10.2

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

May
24, 2021

 

Mr.
Lei Gao

[*]

 

	Re:	Director
    Offer Letter for An Independent Director

 

Dear
Mr. Gao,

 

Shineco,
Inc., a Delaware corporation (the “Company”), is pleased to offer you a position as member of its board of directors
(the “Board”). We believe your background and experience will be a significant asset to the Company and we look forward
to your participation on the Board. Should you choose to accept this position as a member of the Board, this letter agreement (this “Agreement”)
shall constitute an agreement between you and the Company and contains all the terms and conditions relating to the services you agree
to provide to the Company.

 

1.
Term. This Agreement is effective upon your acceptance and signature below. Subject to the provisions in Section 8 below,
your term shall continue until your successor is duly elected and qualified. The position shall be up for re-election each year at the
annual shareholder’s meeting, and upon re-election, the terms and provisions of this Agreement shall remain in full force and effect.

 

2.
Services. You shall render services as an independent director of the Board and the Board committee(s) set forth on Schedule
A attached hereto (hereinafter your “Duties”). During the term of this Agreement, you shall attend and
participate in such number of meetings of the Board and of the Board committee(s) of which you are a member as regularly or specially
called. You may attend and participate at each such meeting via teleconference, video conference, or in person. You shall consult with
the other members of the Board and Board committee(s) as necessary via telephone, electronic mail, or other forms of correspondence.

 

3.
Compensation. As compensation for your services to the Company, you will receive compensation as set forth on Schedule
B attached hereto (hereinafter, the “Compensation”) for serving on the Board during your term as an independent
director. You shall be reimbursed for reasonable and approved expenses incurred by you in connection with the performance of your Duties.

 

4.
No Assignment. Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned
by you without the prior written consent of the Company.

 

5.
Confidential Information; Non-Disclosure. In consideration of your access to certain Confidential Information (as defined
below) of the Company, in connection with your business relationship with the Company, you hereby represent and agree as follows:

 

a.
Definition. For purposes of this Agreement the term “Confidential Information” means:

 

i.
Any information which the Company possesses that has been created, discovered, or developed by or for the Company, and which has or could
have commercial value or utility in the business in which the Company is engaged; or

 

ii.
Any information which is related to the business of the Company and is generally not known by non-Company personnel.

 

iii.
Confidential Information includes, without limitation, trade secrets and any information concerning services provided by the Company,
concepts, ideas, improvements, techniques, methods, research, data, know-how, software, formats, marketing plans, and analyses, business
plans and analyses, strategies, forecasts, customer and supplier identities, characteristics and agreements.

 

b.
Exclusions. Notwithstanding the foregoing, the term “Confidential Information” shall not include:

 

i.
Any information which becomes generally available to the public other than as a result of a breach of the confidentiality portions of
this Agreement, or any other agreement requiring confidentiality between the Company and you;

 

    	1

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

ii.
Information received from a third party in rightful possession of such information who is not restricted from disclosing such information;
and

 

iii.
Information known by you prior to receipt of such information from the Company, which prior knowledge can be documented.

 

c.
Documents. You agree that, without the express written consent of the Company, you will not remove from the Company’s
premises, any notes, formulas, programs, data, records, machines, or any other documents or items which in any manner contain or constitute
Confidential Information, nor will you make reproductions or copies of same. You shall promptly return any such documents or items, along
with any reproductions or copies, to the Company upon the earliest of Company’s demand, termination of this Agreement, or your
termination or Resignation, as defined in Section 8 herein.

 

d.
Confidentiality. You agree that you will hold in trust and confidence all Confidential Information and will not disclose
to others, directly or indirectly, any Confidential Information or anything relating to such information without the prior written consent
of the Company, except as maybe necessary in the course of your business relationship with the Company. You further agree that you will
not use any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your
business relationship with the Company, and that the provisions of this paragraph (d) shall survive termination of this Agreement.

 

e.
Ownership. You agree that Company shall own all right, title, and interest (including patent rights, copyrights, trade
secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the
world) relating to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how,
ideas, and information made or conceived or reduced to practice, in whole or in part, by you during the term of this Agreement and that
arise out of your Duties (collectively, “Inventions”) and you will promptly disclose and provide all Inventions to
the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect such assignments, and to perfect,
obtain, maintain, enforce, and defend any rights assigned.

 

6.
Non-Competition. You agree and undertake that you will not, so long as you are a member of the Board and for a period of
12 months following termination of this Agreement for whatever reason, directly or indirectly as owner, partner, joint venture, shareholder,
employee, broker, agent principal, corporate officer, director, licensor, or in any other capacity whatsoever, engage in, become financially
interested in, be employed by, or have any connection with any business or venture that is engaged in any activities involving services
or products which compete, directly or indirectly, with the services or products provided or proposed to be provided by the Company or
its subsidiaries or affiliates in the People’s Republic of China and the United States; provided, however,
that you may own securities of any public corporation which is engaged in such business but in an amount not to exceed at any one time,
one percent of any class of stock or securities of such company, so long as you has no active role in the publicly owned company as director,
employee, consultant, or otherwise.

 

7.
Non-Solicitation. So long as you are a member of the Board and for a period of 12 months thereafter, you shall not directly
or indirectly solicit for employment any individual who was an employee of the Company during your tenure.

 

8.
Termination and Resignation. Your membership on the Board may be terminated, with or without cause, by the holders of a
majority of the Company’s shares of common stock entitled to vote at an election of directors. Your membership on the Board or
on any Board committee(s) shall be terminated if you become of unsound mind or are prohibited by law from being so. You may also terminate
your membership on the Board or on any Board committee(s) for any or no reason by delivering your written notice of resignation to the
Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is
specified, upon receipt of the notice of Resignation by the Company. Upon the effective date of the termination or Resignation, your
right to compensation hereunder will be subject to the Company’s obligations to pay you any compensation (including the vested
portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your
performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective
date of such termination or Resignation shall be forfeited and cancelled.

 

    	2

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

9.
Governing Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and
obligations of the parties hereunder, shall be determined in accordance with the Chinese laws without regard to conflict of laws provisions
therein.

 

10.
Entire Agreement; Amendment; Waiver; Counterparts. This Agreement expresses the entire understanding with respect to the
subject matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof. Any
term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent of the
parties hereto. Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver of any subsequent breach
or failure of the same term or condition or waiver of any other term or condition of this Agreement. The failure of any party at any
time to require performance by any other party of any provision of this Agreement shall not affect the right of any such party to require
future performance of such provision or any other provision of this Agreement. This Agreement may be executed in separate counterparts
each of which will be an original and all of which taken together will constitute one and the same agreement, and may be executed using
facsimiles of signatures, and a facsimile of a signature shall be deemed to be the same, and equally enforceable, as an original of such
signature.

 

11.
Indemnification. The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless
from and against any expenses, including reasonable attorney’s fees, judgments, fines, settlements, and other legally permissible
amounts (“Losses”), incurred in connection with any proceeding arising out of, or related to, your performance of
your Duties, other than any such Losses incurred as a result of your negligence, fraud, or willful misconduct. The Company shall advance
to you any expenses, including reasonable attorneys’ fees and costs of settlement, incurred in defending any such proceeding to
the maximum extent permitted by applicable law. Such costs and expenses incurred by you in defense of any such proceeding shall be paid
by the Company in advance of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for
payment; (b) appropriate documentation evidencing the incurrence, amount, and nature of the costs and expenses for which payment is being
sought; and (c) an undertaking adequate under applicable law made by or on your behalf to repay the amounts so advanced if it shall ultimately
be determined pursuant to any non-appealable judgment or settlement that you are not entitled to be indemnified by the Company.

 

12.
Not an Employment Agreement. This Agreement is not an employment agreement, and shall not be construed or interpreted to
create any right for you to continue employment with the Company.

 

13.
Acknowledgement. You accept this Agreement subject to all the terms and provisions of this Agreement. You agree to accept
as binding, conclusive, and final all decisions or interpretations of the Board of the Company of any questions arising under this Agreement.

 

[Signature
Page Follows]

 

    	3

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

This
Agreement has been executed and delivered by the undersigned and is made effective as of the date set first set forth above.

 

	 	Sincerely,
	 	 	 
	 	Shineco,
    Inc.
	 	 	 
	 	 	/s/
    Yuying Zhang
	 	By:	Yuying
    Zhang
	 	Title:	Chairman
    of the Board

 

AGREED
AND ACCEPTED:

 

	 	/s/
    Lei Gao	 
	By:	Lei
    Gao	 

 

    	4

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

Schedule
A

 

The
director is offered to serve on the following Board committee(s):

 

	Committee	 	Title
	Nominating
    Committee	 	Member
	Compensation
    Committee	 	Chairperson

 

    	5

     

    

 

SHINECO,
INC.

 

Room
1001, Building T5, DaZu Square,

Daxing
District, Beijing 100176

People’s
Republic of China

 

Schedule
B

Compensation

 

During
your term as a member of the Board, you will receive cash compensation in the amount of US$10,000 per year, which shall be paid to you
annually at the end of your term in office.

 

    	6

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