North America Frac Sand (CA) Ltd. entered into an agreement to acquire Xterra Building Systems, Inc. (OTCPK:XTRR) in a reverse merger transaction on July 10, 2015. Under the terms of agreement, Xterra Building Systems shall issue its 37.8 million shares in exchange for 100% stake in North America Frac Sand. Both, Xterra 37.8 million issued shares and 100% NAFS Shares will be held in escrow until NAFS provides Xterra with required audited financial statements. Xterra will change its corporate name to North America Frac Sands, Inc. Upon completion, Ray Newton will be appointed as Director and officer of Xterra Building. The deal is subject to Xterra Building Systems receiving from management of North America Frac Sand (CA) Ltd. proof of ownership of the 30,000 acres of leases; receipt from management North America Frac Sand (CA) Ltd., certificate from management certifying the 6.4 million tons of resource of frac sand, and potential resource of at least 66 million tons and completion of an audit of North America Frac Sand (CA) Ltd. The transaction is expected to close by October 15, 2015. On October 5, 2015, through amendment, closing of the transaction is extended from October 15, 2015 to November 30, 2015. On November 23, 2015, through amendment, closing of the transaction is extended from November 30, 2015 to February 29, 2016. As of December 17, 2015, Xterra Building Systems, Inc. has confirmation of North America Frac Sand (CA) Ltd.'s ownership of the 30,000 acres of leases. Also as of December 17, 2015, Xterra Building Systems, Inc. has received a certificate from management certifying the 6.4 million tonnes of resource of frac sand, and a potential resource of at least 66 million tonnes. It is anticipated that the audit will be completed within the next month, but it will be completed on or before February 29, 2015. Law Offices Clifford J. Hunt is acting as an escrow agent and acted as legal advisor for Xterra Building.

North America Frac Sand (CA) Ltd. completed the acquisition of Xterra Building Systems, Inc. (OTCPK:XTRR) in a reverse merger transaction on February 29, 2016.