SEC Contract Filing

Filing Date: 2017-03-31

Document Content:
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<TYPE>EX-10.54
<SEQUENCE>3
<FILENAME>t1700830_ex10-54.htm
<DESCRIPTION>EXHIBIT 10.54
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.54</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B><I>Execution Version</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">SECURITIES PURCHASE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">BY AND AMONG</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">WECAST NETWORK, INC.,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">AND</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">BT CAPITAL GLOBAL&nbsp;LIMITED</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">DATED AS OF JANUARY 30, 2017</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>SECURITIES PURCHASE AGREEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">SECURITIES PURCHASE AGREEMENT,
dated as of January 30, 2017 (this &ldquo;Agreement&rdquo;), by and among BT Capital Global Limited, a British Virgin Islands company
(the &ldquo;Seller&rdquo;) and the sole shareholder of Sun Video Group Hong Kong Limited, a Hong Kong corporation (&ldquo;Sun Video
Group&rdquo; or the &ldquo;Company&rdquo;) and Wecast Network, Inc., a Nevada corporation (&ldquo;Wecast&rdquo; or the &ldquo;Purchaser&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, Seller owns all
(100%) of the issued and outstanding stock of the Company, and the Company owns 100% of the issued and outstanding stock of M.Y.
Products Global Limited, a British Virgin Islands corporation, which owns 100% of the issued and outstanding stock of M.Y. Products
Global Holdings Limited, a British Virgin Islands corporation, which owns 100% of the issued and outstanding stock of Shanghai
Blueworld Investment Consultant Limited, a PRC company which owns 51% of the outstanding and issued stock of Wecast Supply Chain
Management, a PRC company, which in its turn owns 100% of the membership interest in (i) M.Y. Products LLC, an Indiana limited
liability company, and (ii) Wecast Supply Chain Management Hong Kong Limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Seller proposes
to sell to the Purchaser, and the Purchaser proposes to buy all of the outstanding capital stock of the Company (the &ldquo;Company
Common Shares&rdquo;) for an aggregate purchase price of (i) $800,000; and (ii) a Promissory Note (as defined below), with the
principal and interest thereon convertible into shares of the Purchaser&rsquo;s Common Stock (the &ldquo;Wecast Common Shares&rdquo;)
at a conversion rate of $1.50 per Wecast Common Sh