Item 2.01   Completion of Acquisition or Disposition of Assets.  

On June 14, 2017, Hip Cuisine, Inc. (the “Company”) entered into an Exclusive Distribution Agreement (the “Agreement”) with MediDate Coffee, LLC, a California limited liability company (“MediDate”), whereby the Company acquired the exclusive right to distribute MediDate coffee products in Panama, Costa Rica and Columbia during the term, and subject to the conditions, set forth in the Agreement. In addition, the Company acquired the exclusive right to use the trademarks/tradenames at all locations owned by the Company where MediDate Coffee is sold. MediDate further agreed to transfer 10% of the membership interest in MediDate to the Company, and the Company agreed to transfer $10,000 of Hip Cuisine restricted common stock to MediDate for the exclusive rights to all distribution for Panama, Colombia and Costa Rica. The Company shall pay MediDate 20% of net profits derived from all sales of MediDate Coffee sold in Company-owned outlets, including Rawkin Juice locations. The Company shall have a right of first refusal to acquire the outstanding membership interests of MediDate in the event MediDate receives an offer to purchase such membership interests from a third party. The Company further agreed not to purchase “date seed coffee” from anyone other than MediDate, nor may the Company produce date seed coffee or any other product made from date seeds.