Note 7 - Commitments

12 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Note 7 - Commitments

NOTE 7 – COMMITMENTS

(1)   Investor Relations and Marketing Contract

On April 21, 2013, effective as of April 15, 2013, American Graphite Technologies Inc. entered into an agreement with Rosevale Capital S.A. (“Rosevale”)  whereby the Company has engaged Rosevale to provide investor relations and marketing services for the Company (the “Agreement”). The Agreement is for a term of Six (6) months,  up to and including the close of business on October 14, 2013.

In consideration of services to be rendered under the agreement the Company will:

a)	pay to Rosevale a fee in the amount of Two Thousand Five Hundred Dollars  (USD$ 2,500) per month;
b)	upon signing of the Agreement,  pay Rosevale for the first three months of service in advance or $7,500;
c)	reimburse Rosevale for all expenses and disbursements, including all reasonable travel expenses incurred by Rosevale in connection with the performance of Rosevale's duties which amount is not to exceed one thousand USD ($1,000USD) per any one matter.

During the fiscal year ended June 30, 2013, the Company paid $7,500 for the first three months of services. 

(2) Agency Agreement

On May 20, 2013, American Graphite Technologies Inc. entered into an agency agreement with Carter Terry & Company (“CT”) whereby the Company engaged CT to act as a non-exclusive financial advisor investment bank and placement agent on a “best efforts” basis for a period of twelve months, with an option to extend for an additional six months. CT is to assist the Company in one or more capital raises which might result in a private placement, merger, acquisition, sale of assets, sale of common stock, sale of ownership interest or any other financial transaction. The Company is seeking to raise additional investment capital to fund its current projects.

In consideration of CT entering into the agreement, the Company is required to:

a) pay to CT a fee by way of 75,000 restricted shares of the common stock of the Company;

b) pay a success fee by way of cash consideration of 10% of the amount for any capital raised other than an equity line and 4% cash consideration for an equity line or equity enhanced program and pay an amount of restricted shares equal to 10,000 shares per $100,000 of capital raise for a period of two years. The shares will have piggy back registration rights. The Company shall also be responsible for the payment of any expenses related to the entry into and drafting of any documents as required, subject to prior approval on any expenditures exceeding $2,500.

During the period we issued 75,000 shares of our common stock valued at $0.59 per, totaling $44,250, the fair market value of the shares on the date of issuance has been expensed as stock based compensation.