James Davidson acquired 83.33% stake in Universal Tech Corp. (OTCBB:UTCC) from Avinoam Cohen and Anna Irena de Vincenz for $0.03 million on October 3, 2012. James Davidson acquired 2 million shares of Universal Tech Corp. The consideration was paid through personal funds of James Davidson. On October 3, 2012, Avinoam Cohen resigned as President, Chief Executive Officer, Treasurer and Director and Anna Irena de Vincenz resigned as Secretary and Director. James Davidson was appointed as the sole Director and Chief Executive Officer effective upon Cohen and De Vincenz's resignations. James Davidson became the majority shareholder of the Universal Tech and beneficially owned stock representing 91% of the outstanding voting shares of the Universal Tech.

James Davidson completed the acquisition of 83.33% stake in Universal Tech Corp. (OTCBB:UTCC) from Avinoam Cohen and Anna Irena de Vincenz on October 3, 2012.