On March 23, 2012, National Asset Recovery Corp. executed a stock purchase agreement to sell, transfer and deliver 95,000,000 shares of unregistered common stock representing approximately 62% of the total issued and outstanding shares of its common stock. In connection with the execution and consummation of the stock purchase agreement, Mr. Fred DaSilva was appointed to serve as its President and was also appointed as a Director to fill a vacancy on its Board of Directors. DaSilva is responsible for the sourcing of oil and gas prospects for acquisition and the leasing of key exploration properties for Step Petroleum. Mr. DaSilva is the Director of Step Petroleum Corp. He has been a member of the Board of Directors of Quartz Ventures Inc., since September 25, 2008.