Note 13 - Commitments and Contingencies

12 Months Ended

Jun. 30, 2013

Notes

Note 13 - Commitments and Contingencies

NOTE 13 – Commitments and Contingencies

The Company issued 500,000 shares of common stock, and assigned a carried interest, in the Shai Hills property, of two and one-half percent (2.5%) of net farm operations revenue, as part of its acquisition of the Shai Hills lease during the year ended June 30, 2013.  The Company has agreed to issue an addition 500,000 shares of common stock, and the same carried interest in the Apam properties, if it is able to negotiate and consummate a lease on the Apam properties before June 30, 2014.