National Asset Recovery Corp. (OTCPK:REPO) entered into a Memorandum of Understanding to acquire GreetEat LLC on March 10, 2023. As per the terms of the MOU, the parties will enter into a definitive agreement after a 60-day due diligence period is completed.

The deal is subject to execution of the Definitive Agreement; completion of mutually satisfactory due diligence; and receipt of all required regulatory, corporate and third party approvals, including the approval of the stockholders of GreetEat LLC. The surviving entity will be known as National Asset Recovery Corp., a Nevada corporation.