Item 1.01 Entry into a Material Definitive Agreement

On January 6, 2020, Future FinTech Group Inc., a Florida corporation (the "Company"), entered into an Exchange Agreement (the "Exchange Agreement") with Iliad Research and Trading, L.P., a Utah limited partnership (the "Lender").

Pursuant to the Exchange Agreement, the Company and Lender agreed to partition a new Secured Convertible Promissory Note in the original principal amount of $145,000 (the "Partitioned Note") from a Secured Convertible Promissory Note (the "Note") issued by the Company on March 26, 2019. The outstanding balance of the Note shall be reduced by an amount equal to the outstanding balance of the Partitioned Note. The Company and Lender further agreed to exchange the Partitioned Note for the delivery of 193,333 shares of the Company's Common Stock, par value $0.001, according to the terms and conditions of the Exchange Agreement.

The foregoing description of the Exchange Agreement is not complete and is qualified in its entirety by reference to the full text of the Exchange Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 3.02 Unregistered Sales of Equity Securities

Please see the disclosure set forth under Item 1.01, which is incorporated by reference into this Item 3.02.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibits are filed with this report.





Exhibits
Number     Description
10.1         Exchange Agreement by and between Future FinTech Group Inc. and Iliad
           Research and Trading, L.P. dated January 6, 2020




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