UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): April 12, 2012


                            THE X-CHANGE CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

          Nevada                     002-41703                   90-0156146
(State or Other Jurisdiction        (Commission                (IRS Employer
     of Incorporation)              File Number)             Identification No.)

12655 North Central Expressway, Suite 1000, Dallas TX               75243
     (Address of Principal Executive Office)                     (Zip Code)

                                 (972) 386-7350
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))
<PAGE>
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On April 12 and May 14, 2012, respectively, The X-Change Corporation through its
wholly owned subsidiary, Cress Oil Inc. (the "Company") entered into Purchase
and Sale Agreements (individually the "Agreement", collective the "Agreements")
with Granite Group Energy (a Delaware Limited Liability Company hereafter
referred to as "Granite") and Wexco Resources, LLC (a Colorado Limited Liability
Company hereafter referred to as "Wexco"). As part of the Granite Agreement, the
Company is acquiring from Granite approximately 21,111 net acres of mineral
interests in return for the payment of approximately $15,000,000. As part of the
Wexco Agreement, the Company is acquiring from Wexco approximately 50,000 net
acres of mineral interests in Teton County, Montana in return for the payment of
approximately $ 7,500,000.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.                    Description of Exhibit
-----------                    ----------------------

10.19*             Purchase and Sale Agreement with Granite Group Energy, LLC

10.20*             Purchase and Sale Agreement with Wexco Recources, LLC

----------
* filed herewith

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: June 26, 2012

THE X-CHANGE CORPORATION


By: /s/ R. Wayne Duke
   --------------------------------
Name:  R. Wayne Duke
Title: Vice President


                                       2