Independent Film Development Corporation (OTCPK:IFLM) entered into letter of intent to acquire C2C Restaurant Group, Inc. from Edward Gallagher on September 17, 2015. Independent Film Development Corporation entered into a share purchase agreement to acquire C2C Restaurant Group, Inc., from Edward Gallagher for $0.05 million on September 21, 2015. Under the terms of the agreement, the consideration involves the issue of 0.02 million Series F preferred stock of Independent Film Development at $2.5 per share.