Document:

EXHIBIT 10.2

 

AMENDMENT NO. 1 TO TERM SHEET

 

This Amendment No. 1 (the "Amendment")
dated September 6, 2013, to that certain Term Sheet (the "Agreement"), dated August 15, 2012, between TRIG Acquisition
1, Inc. (“Trig”) and Grilled Cheese Inc. (“GCT”, together with Trig, the “Company”) and Wesley
K. Clark & Associates, LLC (the "Clark Group").

 

WHEREAS, as of the date of this Amendment, the Share Exchange
transaction was completed whereby Trig acquired 100% of the common stock of GCT and the Company subsequently changed its name to
The Grilled Cheese Truck, Inc.

 

By mutual agreement of the parties, the Company and the Clark
Group hereby agree to amend the Agreement, effective on the date hereof, as follows:

 

1. The Provision “The Clark Transaction” of the
Agreement is amended in its entirety as follows:

 

“The Clark Transaction:

 

This Term Sheet with the Clark Group provides for General Wesley
K. Clark’s responsibilities principally with respect to the supervision of the development and implementation of recruitment
and “vetting” program for prospective veteran franchises (the “Program”). General Clark’s titles
will be Vice Chairman of the Board of Directors and Senior Veterans Advisor Officer of the Company. This agreement also calls for
Wesley Clark, Jr. to serve as the position “[Director] of Veteran Operation” or similar title. Wesley Clark, Jr.’s
responsibilities will be the supervision and administration of the selection process for prospective veteran franchisees, working
directly with, and reporting to, Wesley Clark, Sr. in the execution of that process.”

 

2. The Provision “Compensation” of the Agreement
regarding annual payment upon the Commencement Date is amended in its entirety as follows:

 

“On
Commencement Date, the Clark Group will be paid $240,000 per year in cash in twelve equal installments, payable on the first day
of each month in the amount of $20,000.00.”

 

3.        The Agreement is hereby amended to include the following
new provision “Additional Consideration” in its entirety as follows:

 

“Additional Consideration:

 

As additional inducement to the Clark Group for providing the
services referred to herein, the Company will, as of the date of this Amendment, issue warrants to the Clark Group to purchase
500,000 shares of the Company’s common stock (the “Additional Warrants”). The Additional Warrants shall have
an exercise price of $1.00, shall be exercisable for a period of three (3) years from the date of the Amendment, and shall contain
customary piggyback registration rights.”

 

    	 

    	 

    

 

4. The Agreement is hereby amended to include the following
new provision “Performance Bonus” in its entirety as follows:

 

“Performance Bonus:

 

The Clark Group shall be entitled to certain performance based
compensation in the event that the Company achieves certain milestones as follows:

 

		(i)	Revenue Milestone 1. In the event the Company’s Revenue (as defined below) is in excess of $2,500,000 for any
given three month period ending on or prior to July 30, 2014, then the Clark Group shall be entitled to a cash bonus of $100,000.

 

		(ii)	Revenue Milestone 2. In the event the Company’s Revenue (as defined below) i is in excess of $6,250,000 for any
given three month period ending on or prior to December 31, 2015, then the Clark Group shall be entitled to a cash bonus of $150,000.

 

		(iii)	Revenue Milestone 3. In the event the Company’s Revenue (as defined below) is in excess of $12,500,000 for any
given three month period ending on or prior to June 30, 2016, then the Clark Group shall be entitled to a cash bonus of $500,000.

 

For purposes of this provision, Revenue shall mean the
Consolidated Gross Revenue generated from the Company’s operations, including but not limited to revenue from licensing sales,
revenue from franchise sales (including fees and royalties), revenue from acquisitions and gross revenue generated from licensing
and franchise fees for the period commencing after the executed date of this Agreement.”

 

5.          The Agreement is hereby amended to include the following
new provision “Additional Warrant Consideration” in its entirety as follows:

 

“Additional Warrant Consideration:

 

The Company intends to have its class of common stock, par value
$.001 per share (the “Common Stock”) listed for quotation on the OTC Bulletin Board and/or OTCQB
Market or any other quotation or exchange. In the event that the Company’s Common Stock is listed for quotation and begins
trading, and within 18 months of the initial trading date the Company’s Common Stock exceeds $5.00 per share on the OTC Bulletin
Board and/or OTCQB Market or any other quotation or exchange for a period of 20 consecutive trading days during such 18 month period,
then the Company shall issue the Clark Group warrants to purchase 700,000 shares of the Company’s Common Stock. The Warrants
shall have an exercise price of $2.00, contain cashless exercise provisions, and be exercisable for a period of three years from
the date of granting such warrants.” 

 

6.          The Agreement is hereby amended to include the following
new provision “Jobs Act Financing Bonus” in its entirety as follows:

 

    	 

    	 

    

 

“Jobs Act Financing Bonus:

 

In the event the Company completes a private
placement offering pursuant to the new Jumpstart Our Business Startups Act (“Jobs Act”) to which the Company raises
a minimum of $5,000,000 in net proceeds, the Clark Group shall receive a cash payment of $100,000 within 30 days of the closing
of such private placement offering.”

 

7.          NO OTHER AMENDMENTS; GOVERNING LAW;
COUNTERPARTS. Except as specifically set forth in this Amendment, there are no other amendments to the Agreement and the Agreement
shall remain unmodified and in full force and effect. This Amendment shall be governed by and construed in accordance with the
internal laws of the State of New York. This Amendment may be executed in one or more counterparts. In the event that any signature
is delivered by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding
obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature
page were an original thereof.

 

IN WITNESS WHEREOF, the parties have executed
this Amendment to the Agreement as of the sate first set forth above.

 

	THE COMPANY:	 
	 	 
	The Grilled Cheese Truck, Inc.	 
	 	 
	By:	 	 
	Name:	 
	Title	 
	 	 
	 	 
	CLARK GROUP:	 
	 	 
	Wesley K. Clark & Associates, LLC	 
	 	 
	By:	 	 
	Name:	 
	Title:EXHIBIT 10.3

 

AMENDMENT NO.1 TO EMPLOYMENT AGREEMENT

 

This Amendment No.1 (the "Amendment")
dated September 6, 2013, to that certain Employment Agreement (the "Agreement"), dated July 16, 2012, between The Grilled
Cheese Truck, Inc. (formerly, Trig Acquisition 1, Inc.) (the “Company”) and Robert Y. Lee (“Lee”).

 

By mutual agreement of the parties, the Company and Lee hereby
agree to amend the Agreement, effective on the date hereof, as follows:

 

1.
          Section 1(a) Engagement and Responsibilities is amended in its entirety as follows:

 

“(a)         Upon the terms
and subject to the conditions set forth in this Agreement, the Company hereby employs Lee as Executive Chairman of the Board of
Directors of the Company and interim Chief Executive Officer. Lee hereby accepts such employment. Lee shall have such title or
titles as the Board may from time to time determine.”

 

2.
          Section 2, Definitions, “Term” is hereby amended in its entirety as follows:

 

“”Term” shall mean the period
commencing on the Effective Date and ending at the close of business on September [6], 2014.”

 

3.
          Section 3(a) Salary of the Agreement is amended in its entirety as follows:

 

“(a)        Salary. The Compensation
is $240,000 per annum , which shall commence the date hereof.

 

The base salary shall be payable in semi-monthly installments
on the fifteenth and last day of each month.”

 

4.
          Section 3(b) Expense Reimbursement of the Agreement is amended in its entirety as follows:

 

“(b) Expense Reimbursement.

 

		(i)	Lee shall be entitled to reimbursement from the Company for reasonable out-of-pocket costs and expenses which Lee incurs in
connection with the performance of Lee’s duties and obligations under this Agreement in a manner consistent with the Company’s
practices and policies therefore.

 

		(ii)	Lee shall be entitled to reimbursement each month as follows: (A) $1,800, for health insurance, (B) $1,500 life insurance and
(C) $2,000 automotive allowance.

 

		(iii)	Lee shall be entitled to a one-time payment of a non-accountable expense advance of $20,000.”

 

    	 

    	 

    

 

5.
         The Agreement is hereby amended to include a new Section 3(f) Performance Bonus in its entirety as follows:

 

“(f) Performance Bonus. Mr.
Lee shall be entitled to certain performance based compensation in the event that the Company achieves certain milestones as follows:

 

		(i)	Revenue Milestone 1. In the event the Company’s Revenue (as defined below) is in excess of $2,500,000 for any
given three month period ending on or prior to July 30, 2014, then Lee shall be entitled to a cash bonus of $100,000.

 

		(ii)	Revenue Milestone 2. In the event the Company’s Revenue (as defined below) i is in excess of $6,250,000 for any
given three month period ending on or prior to December 31, 2015, then Lee shall be entitled to a cash bonus of $150,000.

 

		(iii)	Revenue Milestone 3. In the event the Company’s Revenue (as defined below) is in excess of $12,500,000 for any
given three month period ending on or prior to June 30, 2016, then Lee shall be entitled to a cash bonus of $500,000.

 

For purposes of this provision, Revenue shall mean the
Consolidated Gross Revenue generated from the Company’s operations, including but not limited to revenue from licensing sales,
revenue from franchise sales (including fees and royalties), revenue from acquisitions and gross revenue generated from licensing
and franchise fees for the period commencing after the executed date of this Agreement.

 

6.
         The Agreement is hereby amended to include a new Section 3(g) Warrants in its entirety as follows:

 

“(g) Warrants.
The Company intends to have its class of common stock, par value $.001 per share (the “Common Stock”) listed for quotation
on the OTC Bulletin Board and/or OTCQB Market or any other quotation or exchange. In the event that
the Company’s Common Stock is listed for quotation and begins trading, and within 18 months of the initial trading date the
Company’s Common Stock exceeds $5.00 per share on the OTC Bulletin Board and/or OTCQB Market or any other quotation or exchange
for a period of 20 consecutive trading days during such 18 month period, then the Company shall issue Lee warrants to purchase
700,000 shares of the Company’s Common Stock. The Warrants shall have an exercise price of $2.00, contain cashless exercise
provisions, and be exercisable for a period of three years from the date of granting such warrants.” 

 

7.
          The Agreement is hereby amended to include a new Section 3(h) Additional Consideration in its entirety as follows:

 

“(h) Additional Consideration.

 

		(i)	Payment for Other Work. In addition to the amount specified in Section 3, the Company shall
pay Lee, on a case-by-case basis and on terms and compensation to be negotiated separately from this Agreement and evidenced in
a separate agreement, for Lee’s role with respect to any Business Development or any Management Support activities as may
be requested or desired by the Company.

		(ii)	Payment for Licensing Referrals. For any Business Development whereby Lee introduces a prospect
to the Company that enters into a Licensing Agreement with the Company, the Company agrees to pay Lee compensation equal 5%, per
annum, of the license fee on a transaction for the entire term of such Licensing Agreement.

 

    	 

    	 

    

 

		(iii)	Completion of Financing Under the Jobs Act. In the event the Company completes a private
placement offering pursuant to the new Jumpstart Our Business Startups Act (“Jobs Act”) to which the Company raises
a minimum of $5,000,000 in net proceeds, then Lee shall receive a cash payment of $100,000.”

 

8.
          Section 4(f) of the Agreement is hereby amended in its entirety as follows:

 

“(f) September
6, 2014; or”

 

9.
         The Agreement is hereby amended to include a new Section 4(g) Tail Fee in its entirety as follows:

 

“(g)        In the event Mr. Lee
is replaced as Chief Executive Officer of the Company, Mr. Lee shall be entitled to continue to receive all compensation, benefits,
fees and expenses contained in Section 3 for a period of 12 months from removal as Chief Executive Officer, provided, however,
in the event that during such 12 month period after the removal as Chief Executive Officer, Mr. Lee continues to receive compensation
specified in Section 3 for services rendered under this Agreement, this provision shall not apply and Mr. Lee shall not receive
double compensation, but be compensated in accordance with the terms of this Agreement prior to being replaced.

 

Mr. Lee agrees and covenants that, except
for the benefit of the Company (and or successor, parent or subsidiary) during the 12 month tail period, he will not engage, directly
or indirectly (whether as an officer, director, consultant, employee, representative, agent, partner, owner, stockholder, or otherwise)
in any business engaged in by the Company nor will Mr. Lee compete against the Company for any transaction or corporate opportunity
which the Company has or may have an interest in pursuing.”

 

10.
         No Other Amendments; Governing Law; Counterparts. Except as specifically set forth in this Amendment, there are no other amendments
to the Agreement and the Agreement shall remain unmodified and in full force and effect. This Amendment shall be governed by and
construed in accordance with the internal laws of the State of [New York]. This Amendment may be executed in one or more counterparts.
In the event that any signature is delivered by facsimile transmission or any other form of electronic delivery, such signature
shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same
force and effect as if such signature page were an original thereof.

 

IN WITNESS WHEREOF, the parties have executed
this Amendment to the Agreement as of the sate first set forth above.

 

	THE COMPANY:	 
	The Grilled Cheese Truck, Inc.	 
	 	 
	By:	 	 
	Name:	 
	Title	 

 

 

	EMPLOYEE:	 
	 	 
	 	 
	Robert Y. Lee

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