On October 5, 2018 (the “Execution Date”), Weyland Tech, Inc. (the “Company”) entered into an  Common Stock Purchase Agreement  (the “ Purchase Agreement ”) with Triton Funds, LP, a Delaware limited partnership (the “ Investor ”), whereby the Investor shall purchase $2,000,000 (the “ Commitment Amount ”) of shares (“ Purchase Notice Shares ”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”) during the commitment period (the “ Commitment Period ”) commencing on October 5, 2018, and terminating on the earlier of (i) June 30, 3019, (ii) one hundred eighty (180) Business Days after a registration statement covering the shares to be purchased under the Purchase Agreement has been declared effective, (iii) termination of the Purchase Agreement by the Company upon a material breach by the Investor, or (iv) the date that the Investor has purchased Purchase Notice Shares equal to the Commitment Amount.

Pursuant to the Purchase Agreement, the closing (“Closing Date”) for a Purchase Notice shall occur on the date that is no later than two business days following the date that the Investor receives Purchase Notice Shares from the Company. The purchase price for the shares to be paid by the Investor at each closing shall be 80% of the lowest closing price of the Common Stock during the 5 trading days prior to a Closing Date.

The obligation of the Investor to purchase Purchase Notice Shares is subject to several conditions, including, among other things, (i) that the Company has filed a registration statement with the United States Securities and Exchange Commission registering the Purchase Notice Shares, and (ii) that the purchase of Purchase Notice Shares shall not cause the Investor to own more than 4.99% of the outstanding shares of Common Stock.

In connection with the Purchase Agreement, on October 5, 2018, the Company also entered into a  Registration Rights Agreement  with the Investor (the “ Registration Rights Agreement ”), requiring the Company to register the Purchase Notice Shares on a registration statement to be filed with the Securities and Exchange Commission within 10 calendar days of the Execution Date.

Additionally, on October 5, 2018, the Company approved a donation of 35,000 shares of Common Stock to TRITON FUNDS LLC.

The foregoing descriptions of the Purchase Agreement and Registration Rights Agreement are qualified in their entirety by reference to such Purchase Agreement and Registration Rights Agreement, which are filed hereto as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference.