Note 5: Due To Related Party	12 Months Ended
Dec. 31, 2011
Notes
Note 5: Due To Related Party	NOTE 5: DUE TO RELATED PARTY In 2010, the Company incurred $60,000 of consulting fees payable to an entity wholly-owned by the Company’s CEO. In 2011, as more fully explained in Note 10 to the financial statements, the Company settled the $60,000 debt obligation in exchange for 751,117 restricted shares of the Company’s common stock.

Note 5: Due To Related Party

12 Months Ended

Dec. 31, 2011

NOTE 5: DUE TO RELATED PARTY

In 2010, the Company incurred $60,000 of consulting fees payable to an entity wholly-owned by the Company’s CEO.

In 2011, as more fully explained in Note 10 to the financial statements, the Company settled the $60,000 debt obligation in exchange for 751,117 restricted shares of the Company’s common stock.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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+ Details

PanAm Terra, Inc. 10-K