Cedric Atkinson entered into a stock purchase agreement to acquire 55.2% stake in Yaterra Ventures Corp. (OTCPK:YTRV) from David K. Ryan for $0.13 million on February 29, 2012. As part of consideration, an initial payment of $0.05 million was paid upon signing of the agreement and the remaining final payment of $0.075 million to be made by June 1, 2012. A total of 0.9 million restricted common shares of Yaterra Ventures were acquired in the transaction. The initial purchase price was paid from personal funds. Until the final payment is made the acquired shares shall be held in escrow and during such time Yaterra Ventures Corp shall be governed by a Board of Directors consisting of two appointees of Cedric Atkinson and one appointee of David K. Ryan. David K. Ryan shall have the right to vote the shares until receipt of final payment. David K. Ryan resigned from his positions of President, Secretary, Treasurer, and Vice President of Finance and will retain his position on the Board of Directors until the receipt of final payment. Cedric Atkinson was appointed to the Board of Directors and will also serve as the President, Secretary, and Treasurer. As of June 1, 2012, Cedric Atkinson and David K. Ryan entered into an extension to stock purchase agreement under which the closing date is extended to July 2, 2012, in exchange for $5,000 being added to the purchase price, for a total purchase price of $0.13 million, and a final payment due at the closing date of $0.08 million. Stephen F.X. O'Neill of NORTHWEST LAW GROUP acted as legal advisor for David K. Ryan and Brinen & Associates, LLC acted as legal advisor for Cedric Atkinson. On July 11, 2012, Cedric Atkinson and David K. Ryan entered into a second extension agreement pursuant to which the closing shall be extended to August 11, 2012 in exchange for an additional $0.01 million being added to the purchase price increasing aggregate price to $0.14 million. To date, $0.06 million of the purchase price has been paid, and a final payment of $0.08 is due by the August 11, 2012 closing date.