HPIL Holding (OTCPK:HPIL) signed a memorandum of understanding to acquire assets of RodDoc LLC on December 20, 2017. A final agreement is expected to be negotiated and signed by the end of January 2018. As a good faith deposit and upon satisfaction of the preconditions below, HPIL will issue 100 million shares of its restricted common stock, equally to Frank Dougherty and Christopher Philbrick, to be held in escrow by with the McGee Law Firm LLC pending finalization of the agreement. In the event that the parties fail to consummate a final agreement for the sale of RodDoc LLC to HPIL on or before January 31, 2018, then the escrow shares shall be returned to HPIL and canceled. Otherwise, the escrow shares shall be released pursuant to the terms of the final agreement. The preconditions to the issuance of the escrow shares by HPIL shall be the parties signing of an escrow agreement with the McGee Law Firm, LLC, the escrow agent’s receipt of assignments of the escrow shares back to HPIL for use by the escrow agent in the event a final agreement is not signed by January 31, 2018, and such other information and documentation as the escrow agent and/or transfer agent shall reasonably require. As on October 4, 2018, HPIL and RodDoc, renewed their memorandum of understanding dated December 20, 2017 until October 15, 2018 and expect to conclude a final agreement by that date. HPIL Holding (OTCPK:HPIL) entered into an asset purchase agreement to acquire Assets of RodDoc LLC for $1.2 million on October 15, 2018. HPIL Holding will issue 350 million shares as consideration. The transaction is subject to the third party approval and all governmental authorizations, required consents and consents required to transfer the contracts to HPIL on the terms and conditions provided herein, without change as a result of the transfer to HPIL, having been obtained. HPIL Holding (OTCPK:HPIL) completed the acquisition of assets of RodDoc LLC on October 26, 2018.