The Grilled Cheese Truck, Inc. (OTCPK:GRLD) signed a letter of intent to acquire The SeaWolf Group LLC on October 9, 2015. The Grilled Cheese Truck, Inc. (OTCPK:GRLD) entered into an asset purchase agreement to acquire substantially all of the assets of The SeaWolf Group LLC for $2 million in stock on December 18, 2015. Under the terms of the agreement, The Grilled Cheese will issue 0.65 million Series B Convertible Preferred Shares to SeaWolf Group.

The deal is subject to due diligence, approval by members of SeaWolf Group, third party approvals and other customary conditions. The shares will be restricted for 18 months lock up period. The deal is is expected to close on December 31, 2015.

Brian A. Lebrecht of Clyde Snow & Sessions acted as legal advisor for The Grilled Cheese Truck, Inc.