Terra Inventions Corp. (fka TERX)

[petermic]

Pursuant to a Stock Purchase Agreement dated April 15, 2008 (the “Stock Purchase Agreement”), with Blue Diamond Investments Inc. (the “Purchaser”), at a closing held on April 18, 2008, we sold the 80,000,000 shares of common stock of Zingo held by us to the Purchaser for $215,000. The sale price approximated the independent valuation of $214,921 for our interest in Zingo that we received from a certified general appraiser as of December 10, 2007. Our stockholders, at our annual meeting held on December 21, 2007, discussed and approved the sale of our interest in Zingo for this price. Pursuant to the Stock Purchase Agreement, we also assigned to the Purchaser all receivables or debt obligations of Zingo owing to or held by us at March 31, 2008.

An Andrew Godfrey is the signatory for Blue Diamond...