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Commitments and Contingencies
12 Months Ended
Jul. 31, 2013
Commitments And Contingencies  
Note 10 - COMMITMENTS AND CONTINGENCIES

On February 17, 2011, we entered into an agreement with GreenEra, Ltd. to acquire the rights of exploitation of a 60,000 hectares (approximately 150,000 acres) of forest land in Novo Aripuana, State of Amazones, Brazil (see Note 6).  This agreement obligates us to pay $5,000 per month for approximately 34 years.  We have accrued for 2 years and 3 months of this amount as of July 31, 2013.

 

Payout on this contract over the next five years is $60,000 per year.