American Graphite Technologies Inc. announced that the company has entered into and executed a non exclusive technology License agreement for patent and trade secret technology in the field of graphene oxide "bucky" paper with Cheap Tubes, Inc. Pursuant to the terms of the agreement, American Graphite will fund the further development and commercialization of certain proprietary inventions and know how related to the manufacturing process for graphene products, including graphene paper and Bucky Paper. The Company agreed to fund commercial development and received a license for the rights on a nonexclusive basis for marketing products and/or services.