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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR>
  Washington, DC 20549</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 10-Q</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in">[X]</TD><TD STYLE="padding-right: 2.6pt">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</TD></TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
  <TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"></TD><TD STYLE="text-align: justify"><B>For the Quarterly Period Ended <U>December 31, 2012</U></B></TD></TR></TABLE>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
  <TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">[&nbsp;&nbsp;]</TD><TD STYLE="padding-right: 2.6pt">TRANSITION REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</TD></TR></TABLE>
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>For the Transition Period From ________ to _________</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number <B><U>000-33215</U></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>AGRICON GLOBAL CORPORATION</U></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
  charter)</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="width: 47%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 11pt"><B><U>Delaware</U></B></FONT></TD>
      <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="width: 28%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 11pt"><B><U>84-1089377</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(State or other jurisdiction of</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(I.R.S. Employer</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">incorporation or organization)</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">Identification No.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt"><B>25 East 200 South</B></FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 11pt"><B><U>Lehi, Utah</U></B></FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 11pt"><B><U>84043</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Address of principal executive offices)</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Zip Code)</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>801-592-3000</U></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant&rsquo;s telephone number, including
  area code)</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant:
  (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
  12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing
  requirements for the past 90 days.&#9;&#9;Yes <FONT STYLE="font-family: Wingdings">&#254;</FONT> No<FONT STYLE="font-family: Wingdings">o</FONT></P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
  has submitted electronically and posted on its corporate Web site, if any, Interactive Data File required to be submitted and posted
  pursuant to Rule 405 of Regulation S-T (&sect;232.405 of this chapter) during the preceding 12 months (or for such shorter period
  that the registrant was required to submit and post such files.) &#9;&#9;&#9;Yes <FONT STYLE="font-family: Wingdings">o</FONT>
  No <FONT STYLE="font-family: Wingdings">&#254;</FONT></P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is a large accelerated
  filed, an accelerated filer, a non-accelerated filer or a smaller public company. See the definitions of &ldquo;<I>large accelerated
  filer</I>,&rdquo; &ldquo;<I>accelerated filer</I>&rdquo; and &ldquo;<I>smaller reporting company</I>&rdquo; in Rule 12b-2 of the
  Exchange Act.</P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
      <TD STYLE="width: 66%"><FONT STYLE="font-size: 10pt">Large accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT></FONT></TD>
      <TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 32%"><FONT STYLE="font-size: 10pt">Accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD><FONT STYLE="font-size: 10pt">Non-accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT> (Do not check if a smaller
      reporting company)</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">Smaller reporting company <FONT STYLE="font-family: Wingdings">&thorn;</FONT></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Wingdings"></FONT></P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
  is a shell company (as defined in Rule 12b-2 of the Exchange Act.)&#9;&#9;&#9;Yes <FONT STYLE="font-family: Wingdings">o</FONT>
  No<FONT STYLE="font-family: Wingdings">&#254;</FONT></P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">As of February 21, 2013, the registrant had 18,374,841 shares
  of common stock, par value $0.0001, issued and outstanding.</P>
  
  <!-- Field: Page; Sequence: 1 -->
      <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;&nbsp;<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><A HREF="#a_001" TITLE="Table of Contents" STYLE="font-style: italic">Table of Contents</A></TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AGRICON GLOBAL CORPORATION AND SUBSIDIARIES</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(A Development Stage Company)</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 10-Q</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B><A NAME="a_001"></A>TABLE OF CONTENTS</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">PART I &mdash; <A HREF="#a_002">FINANCIAL INFORMATION</A></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
      <TD COLSPAN="2" STYLE="padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 1. <A HREF="#a_003">Financial Statements</A></FONT></TD>
      <TD STYLE="padding-right: 5.4pt; text-decoration: underline; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><U>Page</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 9%; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="width: 84%; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="width: 7%; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
          <A HREF="#a_004">Condensed Consolidated Balance Sheets</A> as of
          <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.2in">December 31, 2012 (Unaudited) and June 30, 2012</P></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">3</FONT></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in; padding-left: 5.4pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><A HREF="#a_005">Condensed Consolidated Statements of Operations</A> (Unaudited) for the </FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
          <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.2in">three months ended December 31, 2012 and 2011,
          for the six months ended December 31, 2012, and for the periods from inception</P>
          <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.2in">(July 5, 2011) through
          December 31, 2011 and 2012</P></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">4</FONT></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in; padding-left: 5.4pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><A HREF="#a_006">Condensed Consolidated Statements of Cash Flows</A> (Unaudited) for the </FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
          <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">six months ended December 31, 2012 and for the
          periods from inception</P>
          <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.2in">(July 5, 2011) through December 31, 2011 and
          2012</P></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">5</FONT></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in; padding-left: 5.4pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><A HREF="#a_007">Notes to Condensed Consolidated Financial Statements</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">6</FONT></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 2. <A HREF="#a_008">Management&rsquo;s Discussion and Analysis</A> of Financial Condition </FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">and Results of Operations</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">13</FONT></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 3. <A HREF="#a_009">Qualitative and Quantitative Disclosures About Market Risk</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">16</FONT></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 4. <A HREF="#a_010">Controls and Procedures</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">16</FONT></TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">PART II &mdash; <A HREF="#a_011">OTHER INFORMATION</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 1. <A HREF="#a_012">Legal Proceedings</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">17</FONT></TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 1A. <A HREF="#a_013">Risk Factors</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">17</FONT></TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Item 6. <A HREF="#a_014">Exhibits</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">18</FONT></TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><A HREF="#a_015">Signatures</A></FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right; text-indent: 0in"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">19</FONT></TD></TR>
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_002"></A><B>PART I - FINANCIAL INFORMATION</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_003"></A>Item 1. Financial Statements</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: justify; color: Red"><B></B></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">AGRICON GLOBAL CORPORATION AND SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center"><A NAME="a_004"></A>CONDENSED CONSOLIDATED BALANCE SHEETS</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">December 31</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">June 30,</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">2012</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">ASSETS</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(Unaudited)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Current Assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; text-align: left; padding-left: 27px">Cash</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">121,711</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">5,221</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 27px">Prepaid expenses</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 27px">Subscriptions receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27px; border-bottom: Black 1pt solid">Notes receivable, current portion</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">95,545</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">93,227</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 45px">Total current assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">231,256</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148,448</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 45px">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>Equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,785</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,884</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Land under capital lease</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,455,368</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9px; border-bottom: Black 1pt solid">Notes receivable, net of current portion</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">179,156</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">227,462</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Total Assets</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,898,565</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">400,794</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left">LIABILITIES AND STOCKHOLDERS' EQUITY</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Current Liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 27px">Accounts payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">86,791</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">166,551</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 27px">Accrued liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,550</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">78,118</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 27px">Unsecured notes payable, related parties</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">280,193</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61,900</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27px; border-bottom: Black 1pt solid">Current portion of capital lease obligation</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">200,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 45px; border-bottom: Black 1pt solid">Total current liabilities</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">621,534</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">306,569</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9px; border-bottom: Black 1pt solid">Capital lease obligations, net of current portion</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,136,368</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Total Liabilities</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,757,902</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">306,569</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left">STOCKHOLDERS' EQUITY</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Preferred stock, $.0001 par value, 400,000 shares authorized; no shares</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 27px">issued and outstanding</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Common stock $.0001 par value, 100,000,000 shares authorized;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 27px">18,374,841 shares issued and outstanding at December 31, 2012 and</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 27px">17,374,841 shares issued and outstanding at June 30, 2012</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,837</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,737</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9px">Additional paid-in capital</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,234,290</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">716,026</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9px; border-bottom: Black 1pt solid">Deficit accumulated during developmental stage</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,095,464</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(623,538</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 45px; border-bottom: Black 1pt solid">Total stockholders' equity</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">140,663</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">94,225</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 9px">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Total Liabilities and Stockholders' Equity</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,898,565</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">400,794</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: justify; color: Red"></P>
  
  
  
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: justify; color: Red"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">See accompanying notes to the condensed consolidated
  financial statements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  <!-- Field: Page; Sequence: 3 -->
      <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><A HREF="#a_001" TITLE="Table of Contents" STYLE="font-style: italic">Table of Contents</A></TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: justify; color: Red"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="21" STYLE="font-weight: bold; text-align: center">AGRICON GLOBAL CORPORATION AND SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="21" STYLE="font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="21" STYLE="font-weight: bold; text-align: center"><A NAME="a_005"></A>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="21" STYLE="font-weight: bold; text-align: center">(Unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="text-align: center; border-bottom: Black 1pt solid">For the Three Months Ended December 31,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">For the Six Months Ended December 31,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="text-align: center; border-bottom: Black 1pt solid">For the Period from Inception (July 5, 2011) through December 31,</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2012</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2011</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2012</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2011</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Operating Expenses:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 35%; text-align: left; padding-left: 18px">Selling, general and administrative</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">220,319</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">421,610</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">50,463</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">740,589</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 18px; border-bottom: Black 1pt solid">Lease acquisition costs</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">22,695</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">59,699</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">368,662</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Total Operating Expenses</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">243,014</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">481,309</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">50,463</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,109,251</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Loss from Operations</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">243,014</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">50,463</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,109,251</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Other Income and Expense:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Interest income</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,248</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,026</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,751</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Interest expense</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,321</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,643</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,963</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Total Other Income</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,927</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">9,383</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,788</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Net Loss</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(238,087</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(471,926</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(50,463</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,095,463</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Basic and diluted loss per common share</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.03</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Basic and diluted weighted average number of common shares outstanding</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17,972,667</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,154,841</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17,673,754</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,154,841</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: justify; color: Red"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">See accompanying notes to the condensed consolidated
  financial statements.</P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: center; color: Red"><B></B></P>
  
  
  
  
  <P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: center; color: Red"><B></B></P>
  
  <P STYLE="font: 12pt Arial Unicode MS; margin-right: 0; margin-left: 0"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center">AGRICON GLOBAL CORPORATION AND SUBSIDIARIES</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center"><A NAME="a_006"></A>CONSOLIDATED STATEMENTS OF CASH FLOWS</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center">(Unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">For the Six Months Ended</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">For the Period from Inception (July 5, 2011) through</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">For the Period from Inception (July 5, 2011) through</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2012</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2011</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">December 31, 2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: justify">Cash Flows From Operating Activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 46%; text-align: justify">Net loss</TD><TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">(471,926</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">(50,463</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">(1,095,464</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify">Adjustments to reconcile net loss to net cash used in operating activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Share-based compensation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,364</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67,286</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9px">Common stock issued for services</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,463</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,463</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 18px">Prepaid expenses</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,000</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 18px">Accounts payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71,140</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">131,585</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 18px; border-bottom: Black 1pt solid">Accrued liabilities</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">43,825</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(50,637</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Net Cash Used in Operating Activities</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(352,597</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(905,767</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify">Cash Flows From Investing Activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9px">Proceeds on notes receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,988</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69,263</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Purchase of equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,901</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(32,785</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9px; border-bottom: Black 1pt solid">Purchase of land</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(119,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(119,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Net Cash Used by Investing Activities</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(80,913</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(82,522</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify">Cash Flows From Financing Activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9px; border-bottom: Black 1pt solid">Proceeds from issuance of common stock for cash</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">550,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,110,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Net Cash Provided by Financing Activities</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">550,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,110,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify">Effect of Exchange Rate on Cash</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify">Net Increase in Cash and Cash Equivalents</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">116,490</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">121,711</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Cash at Beginning of Period</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,221</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Cash at End of Period</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">121,711</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">121,711</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: left">Supplemental Disclosures of Cash Flow Information:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Noncash Investing and Financing activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">The Company issued 12,000,000 shares of its Common</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 18px">Stock for all of the issued and outstanding stock of</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 18px">CPGL which stock had been issued for services by</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 18px">its two shareholders</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">50,463</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">50,463</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>Recapitalization</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">348,964</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Subscription receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9px">Conversion of accounts payable and accrued liabilities</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 18px">to notes payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">218,293</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">218,293</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 12pt Arial Unicode MS; margin-right: 0; margin-left: 0"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">See accompanying notes to the condensed consolidated
  financial statements.</P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AGRICON GLOBAL CORPORATION AND SUBSIDIARIES</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(A Development Stage Company)</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_007"></A>NOTES TO CONDENSED CONSOLIDATED FINANCIAL
  STATEMENTS</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 1 &mdash; THE COMPANY AND BASIS OF
  PRESENTATION</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Arial Unicode MS; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Principles
  of Consolidation</I></B></FONT><B><I><FONT STYLE="color: black"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&ndash;</FONT>
  </FONT></I></B><FONT STYLE="font-family: Times New Roman, Times, Serif">The accompanying condensed consolidated financial statements
  are presented in conformity with accounting principles generally accepted in the United States of America and include operations
  and balances of Agricon Global Corporation and its wholly-owned subsidiaries Canola Property Ghana Limited (&ldquo;CPGL&rdquo;),
  and Agricon SH Ghana Limited (&ldquo;ASHG&rdquo;), both Ghanaian limited liability companies, collectively &ldquo;Agricon&rdquo;
  or the &ldquo;Company.&rdquo; CPGL was incorporated under the laws of Ghana, West Africa on July 5, 2011and ASHG was incorporated
  under the laws of Ghana, West Africa on November 7, 2012. Intercompany balances and transactions have been eliminated in consolidation.</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 11pt"></FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 11pt"><B><I>Nature
  of Operations </I></B></FONT>&ndash; <FONT STYLE="font-size: 11pt">All of the Company&rsquo;s business is conducted through its
  two wholly owned subsidiaries CPGL and ASHG. The Company is in the development stage and its business activities to date have been
  organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural
  products. The Company completed its first lease purchase transaction on December 13, 2012 of 8,000 acres in the Shai Hill area
  near Accra, the largest city in Ghana. We plan to begin clearing and cultivating the land included in the first lease purchase
  during 2013. </FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company plans to locate and then lease
  additional undeveloped land in Ghana, West Africa, at attractive prices, that can be cleared and used for agricultural purposes
  and prepare the land for cultivation and production of primarily rotation crops such as rice, maize (corn), canola, sunflower,
  and soya. <FONT STYLE="font: 11pt Times New Roman, Times, Serif">The Company has located and began preliminary negotiations for
  two additional leases for approximately 20,000 acres of land and we expect to enter into 50 year leases for these parcels of land.
  Assuming that the Company completes these lease transactions&mdash;of which there can be no assurance--we expect to stake, demarcate
  and survey the land and ready the leases for recording with the Ghana government. </FONT></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 2 &ndash; SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Interim Financial Information<FONT STYLE="color: black">
  </FONT></I></B><FONT STYLE="color: black">&ndash; </FONT>The accompanying unaudited condensed consolidated financial statements
  have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial
  information and pursuant to the rules and regulations of the United States Securities and Exchange Commission (&ldquo;SEC&rdquo;).
  Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally
  accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments considered
  necessary for a fair presentation have been included and are of a normal recurring nature. The results of operations for the three
  and six months ended December 31, 2012, may not be indicative of the results that may be expected for the year ending June 30,
  2013.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These financial statements should be read
  in conjunction with the financial statements and notes thereto which are included in Agricon in Annual Report on Form 10-K for
  the year ended June 30, 2012. The accounting policies set forth in those annual financial statements are the same as the accounting
  policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement
  presentation.</P>
  
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      <!-- Field: /Page -->
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Use of Estimates</I></B> &ndash; The
  preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
  requires management to make estimates and assumptions that affect assets and liabilities and disclosure of contingent assets and
  liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results
  could differ from those estimates. The preparation of financial statements in conformity with accounting principles generally
  accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets
  and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts
  of revenues and expenses during the reporting period. Actual results could differ from those estimates.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Cash </I></B>&ndash; <FONT STYLE="color: black">The
  balance in Cash consisted of cash reserves held in checking accounts. </FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 11pt"><B><I>Notes Receivable
  </I></B>&ndash; On August 31, 2010, the Company sold its wholly owned subsidiary, Commission River Corporation. As part of the
  payment for the sale, the Company was issued a secured negotiable promissory note receivable, in the amount of $490,000, with varying
  interest rates beginning at 6% and required monthly payments of $10,000 until its maturity on September 12, 2014, when the remaining
  principal balance of the note is due. The note is secured by all of the assets of Commission River Corporation. As of December
  31, 2012, the note was current and had a remaining principal balance of $274,701, of which $95,545 is classified as </FONT>&ldquo;<FONT STYLE="font-size: 11pt">Notes
  receivable, current portion</FONT>&rdquo;<FONT STYLE="font-size: 11pt"> on the balance sheet.</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Agricultural Land and Lease Acquisition
  Costs </I></B><FONT STYLE="color: black">&ndash; The Company expenses all costs relating to land and lease acquisition activities
  until the actual acquisition or until the lease has been executed. The land purchase price is then capitalized and valuated periodically
  for any valuation allowance required. Lease payments are capitalized and amortized over the appropriate lease period. Costs of
  land clearing and preparation are expensed as incurred.</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Equipment</I></B> <FONT STYLE="font: 11pt Times New Roman, Times, Serif; color: black">&ndash;
  Equipment is stated at cost less accumulated depreciation. At the time equipment is disposed of or traded in, the assets and related
  accumulated depreciation are removed from the accounts, and any resulting gain or loss is charged to operations. Major renewals
  and betterments that extend the life of the property and equipment are capitalized. Maintenance and repairs are expensed as incurred.
  The Equipment shown on the Condensed Consolidated Balance Sheets, had not been placed into use as of December 31, 2012 and therefore
  no depreciation has been recognized at December 31, 2012.</FONT>.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Development Stage Company </I></B><FONT STYLE="color: black">&ndash;
  </FONT>The Company has not earned any revenue from operations. Accordingly, the Company&rsquo;s activities have been accounted
  for as those of a &ldquo;Development Stage Enterprise&rdquo; as set forth in ASC Topic 914. &nbsp;Among the disclosures required
  by ASC 914 are that the Company&rsquo;s financial statements be identified as those of a development stage company, and that the
  statements of operations, cash flows and stockholders&rsquo; equity disclose activity since the date of the Company&rsquo;s inception.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Foreign Currency
  Translation</I> &ndash; </B>The financial statements are presented in United States dollars. In accordance with ASC Topic
  830, &ldquo;Foreign Currency Translation&rdquo;, foreign denominated monetary assets and liabilities are translated to their
  United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. &nbsp;Non-monetary
  assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are
  translated at average rates of exchange during the periods presented.&nbsp;&nbsp;Related translation adjustments are reported
  as a separate component of stockholders&rsquo; equity, whereas gains or losses resulting from foreign currency transactions
  are included in results of operations. All financial activity during the three months and six months ended December 31, 2012
  were denominated in United States dollars, therefore no translation of currency was required and</P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">there were no gains or losses on foreign
  currency transactions during the three monthe or six months ended December 31, 2012. All material accounts of cash were being
  held in US dollar accounts at December 31, 2012.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Share-Based Compensation </I></B>&ndash; <FONT STYLE="color: black">The
  Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite
  service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using
  a lattice model that values the options based on probability weighted projections of the various potential outcomes. The
  intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all
  considerations under this model. During the three months and six months ended December 31, 2012 the Company recorded
  share based compensation expense of $9,183 and $18,364 respectively and $0 for each of the same periods in 2011and $18,364
  since inception (July 5, 2011).</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There were no new options granted or exercised
  during the three months ended December 31, 2012 and 2011.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 11pt"><B><I>Basic and
  Diluted Loss Per Share</I></B> &ndash; Basic loss per common share is computed by dividing the net loss attributable to common
  stockholders for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per
  common share, where applicable, is computed giving effect to all dilutive common stock equivalents, primarily common stock options
  and warrants. All potential common shares, totaling 670,000 outstanding exercisable options, which could have an anti-dilutive
  effect on diluted per share loss amounts, are excluded in determining the diluted loss per common share.</FONT> <FONT STYLE="font-size: 11pt">
  </FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Arial Unicode MS; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Income
  Taxes -</I></B></FONT><B><FONT STYLE="background-color: white"> </FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  Company accounts for income taxes under the asset and liability method of accounting for deferred taxes as prescribed under
  FASB ASC 740, Accounting for Income Taxes effect to all dilutive common stock equivalents, primarily common  tax consequences
  attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their
  respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable
  income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax
  assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. When
  applicable, a valuation allowance is established to reduce any deferred tax asset when it is determined that it is more
  likely than not that some portion of the deferred tax asset will not be realized. ASC 740 also requires reporting of taxes
  based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is
  more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are
  required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and
  the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to
  income tax liabilities as an income tax expense. There are no significant interest and penalties recognized in the statement
  of operations or accrued on the balance sheet. See further discussion and disclosures in Note 8.</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Recent Accounting Pronouncements</I></B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Comprehensive Income</I>
  &ndash; In June 2011, the FASB issued authoritative guidance regarding the presentation of comprehensive income. This
  guidance provides companies with the option to present the total of comprehensive income, components of net income, and the
  components of other comprehensive income either in a single continuous
  statement of comprehensive income or in two separate but</P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"> consecutive statements. The objective of the standard is to increase the
  prominence of items reported in other comprehensive income and to facilitate convergence of U.S. GAAP and International Financial
  Reporting Standards (IFRS). The standard eliminates the option to present components of other comprehensive income as part of the
  statement of changes in stockholders&rsquo; equity. The guidance is effective for fiscal years and interim periods beginning after
  December 15, 2011 and should be applied retrospectively. Early adoption is permitted. The adoption of this guidance is not expected
  to have a material impact on the Company&rsquo;s consolidated financial statements.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Fair Value Measurements<B> </B></I>&ndash;
  In May 2011, the FASB issued authoritative guidance regarding fair value measurements. This guidance establishes common requirements
  for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRS. It
  also clarifies the FASB&rsquo;s intent on the application of existing fair value measurement requirements. The guidance is effective
  for fiscal years and interim periods beginning after December 15, 2011 and should be applied prospectively. The adoption of this
  guidance is not expected to have a material impact on the Company&rsquo;s consolidated financial statements.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 3 &ndash; GOING CONCERN</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying condensed consolidated financial
  statements have been prepared assuming that the Company will continue as a going concern.&nbsp;&nbsp;As shown in the accompanying
  condensed consolidated financial statements, the Company incurred a loss from operations of $471,926 for the six month period ended
  December 31, 2012 and has an accumulated deficit of $1,095,463 since its inception (July 5, 2011).&nbsp;&nbsp;The Company also
  used cash in operating activities of $352,597during the six month period ended December 31, 2012 , and $905,767 since its inception.&nbsp;&nbsp;At
  December 31, 2012, the Company had negative working capital of $190,278.&nbsp;&nbsp;The Company is in default on Notes Payable.
  These factors raise substantial doubt about the Company&rsquo;s ability to continue as a going concern.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">In order
  for us to continue as a going concern, we expect to obtain additional debt or equity financing. There can be no assurance that
  we will be able to secure additional debt or equity financing, that we will be able to acquire cash flow positive operations, or
  that, if we are successful in any of those actions, those actions will produce adequate cash flow to enable us to meet all our
  future obligations. All of our existing financing arrangements are short-term. If we are unable to obtain additional debt or equity
  financing, we may be required to significantly reduce or cease operations.</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 4 &ndash; RECAPITALIZATION</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2012, Agricon, formerly BayHill Capital Corporation, and CPGL, and CPGL&rsquo;s shareholders,
  Global Green Capacity Limited and Invest in Ghana Co Limited, entered into a share exchange agreement pursuant to which Agricon
  agreed to issue an aggregate of 12,000,000 shares of common stock to CPGL stockholders and designees, in return for 100% of the
  75,000 issued and outstanding shares of CPGL stock (the &ldquo;Share Exchange&rdquo;). As a result, CPGL became a wholly-owned
  subsidiary of Agricon, and for accounting purposes, Agricon began operations on July 5, 2011 (date of inception of CPGL), as reflected
  in the Consolidated Financial Statements. The Share Exchange resulted in a change in control of the Company. The former CPGL stockholders,
  and designees, now own in the aggregate 69% of the outstanding shares of the Company&rsquo;s common stock. In conjunction with
  the share exchange the Company changed its name from BayHill Capital Corporation to Agricon Global Corporation.</P>
  
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"></P>
  
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"></P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">As one of the requirements
  of the Share Exchange, Agricon was required to raise a minimum of $600,000 through the sale of its common stock. As of December
  31, 2012, the Company had raised $1,110,000 under a private placement of 2,220,000 shares of common stock. This initial working
  capital is being used to acquire land and begin the operations of clearing and cultivating.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">In accordance with Financial
  Accounting Standards Board (&ldquo;FASB&rdquo;) Accounting Standards Codification (&ldquo;ASC&rdquo;) section 805, &ldquo;Business
  Combinations&rdquo;, CPGL is considered the accounting acquiror in the Share Exchange. Under current accounting guidance Agricon
  is not a business for purposes of determining whether a business combination would occur upon the acquisition of the outstanding
  stock of CPGL. The acquisition was accounted for as the recapitalization of CPGL since, at the closing of the Share Exchange, Agricon
  was a non-operating public shell corporation with no significant assets and liabilities. Accordingly, the assets and liabilities
  and the historical operations that are reflected in the Company&rsquo;s consolidated financial statements are those of CPGL, restated
  for the effects of the capital restructure.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">The accounting transactions
  required to accomplish the Share Exchange are recognized as follows: (1) the recapitalization of CPGL by recognizing the Agricon
  common shares issued in exchange for the CPGL shares in a manner equivalent to a 160 for 1 stock split, and (2) the Agricon common
  shares that remain outstanding are recognized as the issuance of common shares by CPGL&mdash;as the acquirer for accounting purposes-for
  the assets less liabilities of BayHill Capital Corporation, the predecessor to Agricon, are recorded at fair value which approximates
  the book value.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 5 &ndash; UNSECURED NOTES PAYABLE TO
  RELATED PARTIES</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unsecured notes payable to present and
  past affiliates of the Company are related to legal fees, director fees, and unpaid salaries, from previous periods, that were
  converted into 12% notes payable with a maturity date of June 30, 2012. The notes were not paid at maturity, therefore the interest
  rate increased to 15% per annum. No affiliate has demanded payment. These notes consist of the following:</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 11pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center"><U>Note Holder</U></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right; border-bottom: Black 1pt solid">Amount</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 70%; text-align: justify; padding-left: 5.4pt">ClearWater Law and Governance Group, LLC</TD><TD STYLE="width: 10%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">3,783</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">James U Jensen</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,117</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">John M Knab</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">John D Thomas</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Robert K Bench</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Robyn Farnsworth</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">61,900</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Additional amounts of director fees and unpaid
  salaries during the six months ended December 31, 2012 were converted into 12% notes payable, at December 31, 2012, with a maturity
  date of March 31, 2013. These new notes consist of the following:</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 11pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center"><U>Note Holder</U></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right; border-bottom: Black 1pt solid">Amount</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 70%; text-align: justify; padding-left: 5.4pt">Lars Nielsen</TD><TD STYLE="width: 10%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">50,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">James U Jensen</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,843</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Soren Jonassen</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,900</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Stephen Abu</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Rene Mikkelsen</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,800</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Robert K Bench</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Robyn Farnsworth</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">25,250</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">218,293</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35pt; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 6 &ndash; CAPITAL LEASE OBLIGATIONS</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2012 the Company acquired approximately
  8,000 acres of agricultural land in the Shai Hills area of Ghana, West Africa. The lease requires total payments over nine (9)
  years of $1,954,840. The company paid the first year payment of $129,032, which included a payment at the acquisition date of $119,000
  and a credit for $10,032 of costs and expenses advanced to the lessee by the Company during lease negotiations, which were expensed
  in prior periods. The lease has been accounted for as a capital lease. The following is a schedule by year of future minimum lease
  payments under the capital lease, together with the present value of the minimum lease payments as of December 31, 2012:</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35pt; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35pt; text-align: justify"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 11pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="3" STYLE="text-align: left; vertical-align: bottom"><U>December 31,</U></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right; border-bottom: Black 1pt solid">Amount</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 70%; text-align: left; vertical-align: bottom">2013</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 21%; text-align: right">200,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">2014</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">256,452</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">2015</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">248,387</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">2016</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">240,323</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">2017</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">232,258</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">Thereafter</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">648,388</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">Total minimum lease payments</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,825,808</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">Less: amount representing interest</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">524,302</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">Present value of lease payments</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,301,506</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom">Less: current portion</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">93,091</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 2.5pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom; padding-bottom: 2.5pt">Long-term portion</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,208,415</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35pt; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 7 &ndash; STOCKHOLDERS&rsquo; EQUITY</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company's capitalization is 100,000,000
  common shares with a par value of $0.0001 per share. As of December 31, 2012, the Company had 18,374,841 common shares outstanding.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Preferred shares of 400,000 with a par value
  of $0.0001 have been authorized and no shares are issued or outstanding as of December 31, 2012.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2012, the Company conducted a private
  placement offering to a limited number of foreign investors under which the Company issued a total of 2,220,000 shares, of its
  common stock, at a price of</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">fifty cents ($0.50) per share for a total of $1,110,000. Of the 2,220,000 shares sold by the Company
  1,220,000 were sold prior to June 30, 2012. The remaining 1,000,000 were sold during the three months ended December 31, 2012.</P>
  
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company issued 75,000 shares of its common stock, to two shareholders, for services relating to administrative
  and organizational costs totaling $50,463. It was these 75,000 shares that were exchanged for 12,000,000 shares in the Share Exchange
  Agreement. See Note 4 &ndash; Recapitalization.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 8 &ndash; INCOME TAXES</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In evaluating the realizability of the net
  deferred tax assets, we take into account a number of factors, primarily relating to the ability to generate taxable income. Where
  it is determined that it is likely that we will be unable to realize deferred tax assets, a valuation allowance is established
  against the portion of the deferred tax asset. Because it cannot be accurately determined when or if we will become profitable,
  a valuation allowance was provided against the entire deferred income tax asset balance.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The 2009 through 2012 tax years remain open
  to examination by the Internal Revenue Service.&nbsp; These taxing authorities have the authority to examine those tax years until
  the applicable statute of limitations expire.&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not recognize any interest
  or penalties related to income taxes for the three or six months ended December 31, 2012 and 2011.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NOTE 9 &ndash; SUBSEQUENT EVENTS</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">On January 3, 2013 the Company announced its execution of a Letter
  of Intent (LOI) to merge with Africa Farmlands, Inc. (AFL), an Iowa Corporation, by acquiring all issued and outstanding shares
  of AFL and controlling interest in its two Ghanaian Subsidiaries. If the LOI leads to a completed agreement, Agricon will issue
  25,000,000 unregistered shares of its common stock to acquire all of the shares, presently outstanding of AFL. The terms of the
  agreement will require that AFL and its associates complete a private placement of Agricon common stock in an amount of not less
  than $10 million. If the acquisition and private placement are completed on the terms contemplated, the Company would have 43,874,841
  shares issued and outstanding--prior to any share issuances for the anticipated $10 million private investment in public equity
  (PIPE), and future funding needs&mdash;of which current Agricon shareholders would own approximately 43%.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the LOI leads to a completed agreement,
  Two of Agricon&rsquo;s present board members will resign and three new board members will be appointed. Agricon expects its present
  management team to remain and be augmented by AFL management team.</P>
  
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  
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  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><B><A NAME="a_008"></A>Item 2. Management's Discussion and Analysis
  of Financial Condition and Results of Operations</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following discussion is intended to assist
  you in understanding our results of operations and our present financial condition. Our condensed consolidated financial statements
  and the accompanying notes included in this quarterly report on Form 10-Q contain additional information that should be referred
  to when reviewing this material.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Forward-Looking Information and Cautionary Statements </B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
  
  <P STYLE="font: 11pt/97% Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: black">This quarterly
  report contains forward-looking statements as that term is defined in Section 27A of the United States Securities Act of 1933 and
  Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial performance.
  In some cases, you can identify forward-looking statements by terminology such as &ldquo;<I>may</I>&rdquo;, &ldquo;<I>should</I>&rdquo;,
  &ldquo;<I>expects</I>&rdquo;, &ldquo;<I>plans</I>&rdquo;, &ldquo;<I>anticipates</I>&rdquo;, &ldquo;<I>believes</I>&rdquo;, &ldquo;<I>estimates</I>&rdquo;,
  &ldquo;<I>predicts</I>&rdquo;, &ldquo;<I>potential</I>&rdquo; or &ldquo;<I>continue</I>&rdquo; or the negative of these terms or
  other comparable terminology. </FONT>Such statements are based on currently available financial and competitive information and
  are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience
  and our present expectations. Undue reliance should not be placed on such forward-looking statements as such statements speak only
  as of the date on which they are made. <FONT STYLE="color: black">These statements are only predictions and involve known and unknown
  risks, uncertainties and other factors that may cause our or our industry&rsquo;s actual results, levels of activity, performance
  or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or
  implied by these forward-looking statements.</FONT></P>
  
  <P STYLE="font: 11pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Forward-looking statements are predictions
  and not guarantees of future performance or events. Forward-looking statements are based on current industry, financial and economic
  information, which we have assessed but which by its nature, is dynamic and subject to rapid and possibly abrupt changes. Our actual
  results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties
  associated with our business. We hereby qualify all our forward-looking statements by these cautionary statements. We undertake
  no obligation to amend this report or revise publicly these forward-looking statements (other than pursuant to reporting obligations
  imposed on registrants pursuant to the Securities Exchange Act of 1934) to reflect subsequent events or circumstances.</P>
  
  <P STYLE="font: 12pt Arial Unicode MS; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Business Review</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is in the development stage and
  its activities to date have been organizing the Company and locating appropriate land that might be leased for cultivating and
  harvesting agricultural products and acquiring 8,000 acres through a lease purchase agreement. Assuming the Company can raise adequate
  capital, we plan to continue to locate and then lease undeveloped land in Ghana, at attractive prices, that can be cleared and
  used for agricultural purposes and prepare the land for cultivation and production of primarily rotation crops such as rice, maize
  (corn), canola, sunflower, and soya.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has located and began preliminary
  negotiations for two additional leases for approximately 20,000 acres of land and we expect to enter into 50 year leases for the
  land. We expect to stake, demarcate and survey the land and ready the lease for recording with the Ghana government. We plan to
  begin clearing and cultivating the land included in the first lease purchase during 2013.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to execute on this strategy, the
  Company will need significant capital. There is no assurance that the Company will be successful in raising capital and completing
  its planned acquisition of leases and farming operations.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Summary of Operations</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I><U>Three months ended December 31, 2012</U></I></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company generated no revenues from operations
  during the three months ended December 31, 2012.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">During
  the three months ended December 31, 2012, our activities related to our continued negotiations of leases in Ghana totaling
  20,000 acres, and acquiring 8,000 acres on which we plan to begin farming operations.</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><I><U>General and Administrative Expenses</U></I></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">General and administrative expenses were $220,319 and $421,610
  for the three months and six months ended December 31, 2012 respectively, all of which related to our search for land leases
  and negotiation activities.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Lease acquisition costs were $22,695 and $59,699 for the
  three months and six months ended December 31, 2012 respectively. These represent costs and expenses directly relating to
  surveying and soil testing prospective land for possible acquisition or lease.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I><U>Period from Inception (July 5, 2011)
  through December 31, 2012</U></I></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company generated no revenues from operations
  during the period from inception (July 5, 2011) through December 31, 2012. The general and administrative expenses of $740,589
  related to its activities in the formation of the Company and its search and negotiation efforts to secure a lease to begin farming
  and agricultural operations in Ghana.<B> </B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lease acquisition costs of $368,662 relate
  to direct costs of surveying activities and soil testing prospective land for possible acquisition or lease.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Liquidity and Capital Resources</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2012 and June 30, 2012,
  we had cash on hand of $121,711 and $5,221, respectively, and total current liabilities exceeded total current assets by $190,278
  and $158,121, respectively.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the six months ended December 31, 2012,
  we used cash in operating activities of $352,597.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company will need further funding to execute
  its plans to acquire leases and begin farming operations. It presently plans additional rounds of funding in the near future. If
  we are not able to raise the anticipated funds, the Company may not be able to continue its operations and continue with its business
  strategy.</P>
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Off-Balance Sheet Financing Arrangements</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">The Company had no off-balance sheet financing arrangements at December
  31, 2012 and June 30, 2012.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal"></FONT></P>
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 11pt Arial Unicode MS; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Recent Accounting Pronouncements </B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>For details of applicable new accounting standards, please, refer
  to Note</B><I> 1 &ndash; The Company and Basis of Presentation </I>to our<I> </I>condensed consolidated financial statements.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0">Critical Accounting Policies and Estimates</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
  accordance with accounting standards generally accepted in the United States requires management to make estimates and assumptions
  that affect both the recorded values of assets and liabilities at the date of the financial statements and the revenues recognized
  and expenses incurred during the reporting period. Our estimates and assumptions affect our recognition of deferred expenses, bad
  debts, income taxes, the carrying value of our long-lived assets and our provision for certain contingencies. We evaluate the reasonableness
  of these estimates and assumptions continually based on a combination of historical information and other information that comes
  to our attention that may vary our outlook for the future. Actual results may differ from these estimates under different assumptions.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We suggest that our Summary of Significant
  Accounting Policies, as described in <I>Note 1- The Company and Basis of Presentation</I> to our condensed<I> </I>consolidated
  financial statements in our most recent Annual Report on Form 10-K be read in conjunction with this <I>Management&rsquo;s Discussion
  and Analysis of Financial Condition and Results of Operations.</I> We believe the critical accounting policies that most impact
  our consolidated financial statements are described below.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Arial Unicode MS; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Fair Value of
  Financial Instruments</I></B></FONT></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts reported in the accompanying
  condensed consolidated financial statements for the notes receivable, accounts payable and accrued expenses approximate fair values
  because of the immediate nature of short-term maturities of these financial instruments. The carrying amount of long-term debt
  approximates fair value due to the stated interest rates approximating prevailing market rates.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_009"></A>Item 3. Qualitative and Quantitative
  Disclosures About Market Risk</B></P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: justify">As a Smaller Reporting Company as defined
  by Rule&nbsp;12b-2 of the Exchange Act and in Item&nbsp;10(f)(1) of Regulation&nbsp;S-K, we are electing scaled disclosure reporting
  obligations and therefore are not required to provide the information requested by this Item.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_010"></A>Item 4. Controls and Procedures</B></P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0"><I>Evaluation of Disclosure Controls and Procedures</I></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our management, under the supervision and with
  the participation of our President and Chief Financial Officer, evaluated the effectiveness of the design and operation of our
  disclosure controls and procedures (as defined in Rules&nbsp;13a-15(e)&nbsp;or 15d-15(e) under the Securities Exchange Act of 1934,
  as amended (the <FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>&ldquo;Exchange
  Act&rdquo;)), as of the end of the period covered by this report. Based on this evaluation, our President and Chief Financial Officer
  concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective in (1)
  recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by us in the reports
  that we file or</P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">submit under the Exchange Act and (2) ensuring
  that information disclosed by us in such reports is accumulated and communicated to our management, including our President and
  Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Changes in Internal Control
  over Financial Reporting </I></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There were no changes in our internal
  control over financial reporting during the three months ended December 31, 2012 that materially affected, or are reasonably
  likely to materially affect, our internal control over financial reporting.</P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_011"></A>PART II - OTHER INFORMATION</B></P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><A NAME="a_012"></A><B>Item 1. Legal Proceedings</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">The company had no legal proceedings at December 31, 2012.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_013"></A>Item 1A. Risk Factors</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">During the three months ended December 31, 2012 there were no
  material changes in the risk factors previously described in Form 10K filed with the SEC on September 21, 2012.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><A NAME="a_014"></A><B>Item 6. Exhibits </B></P>
  
  <P STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Exhibits. The following
  exhibits are included as part of this report:</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="width: 22%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit No.</FONT></TD>
      <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="width: 65%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0.1pt"><FONT STYLE="font-size: 11pt">Description of Exhibit</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt"><A HREF="ex31_1302certification.htm">Exhibit 31.1</A></FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in"><FONT STYLE="font-size: 11pt">Certification of Principal Executive Officer Pursuant to </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Section 302 of the Sarbanes Oxley Act of 2002</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt"><A HREF="ex32_1906certification.htm">Exhibit 32.1</A></FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in"><FONT STYLE="font-size: 11pt">Certification Pursuant to Section 906 of the Sarbanes-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in"><FONT STYLE="font-size: 11pt">Oxley Act of 2002</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 2.5in; text-indent: -2.5in">&nbsp;</TD></TR>
  </TABLE>
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
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  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_015"></A><B>SIGNATURES</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: -0.25in"><B>AGRICON GLOBAL
  CORPORATION</B></P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Date:</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">February 21, 2013</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
      <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">/s/ Robert K Bench</FONT></TD>
      <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Robert K Bench</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">President, Chief Financial Officer</FONT></TD>
      <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="width: 7%">&nbsp;</TD>
      <TD STYLE="width: 23%">&nbsp;</TD>
      <TD STYLE="width: 11%">&nbsp;</TD>
      <TD STYLE="width: 6%">&nbsp;</TD>
      <TD STYLE="width: 41%">&nbsp;</TD>
      <TD STYLE="width: 10%">&nbsp;</TD>
      <TD STYLE="width: 2%">&nbsp;</TD></TR>
  </TABLE>
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">&nbsp;</P>
  
  <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in"></P>
  
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  </HTML>
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metadata_filer: {"company-data": {"conformed-name": "Agricon Global Corp", "cik": "0000726293", "assigned-sic": "4813", "irs-number": "841089377", "state-of-incorporation": "DE", "fiscal-year-end": "0305"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-11730", "film-number": "13631556"}, "business-address": {"street1": "25 EAST 200 SOUTH", "city": "LEHI", "state": "UT", "zip": "84043", "phone": "801-592-3000"}, "mail-address": {"street1": "25 EAST 200 SOUTH", "city": "LEHI", "state": "UT", "zip": "84043"}, "former-company": [{"former-conformed-name": "BAYHILL CAPITAL CORP", "date-changed": "20080428"}, {"former-conformed-name": "COGNIGEN NETWORKS INC", "date-changed": "20000718"}, {"former-conformed-name": "SILVERTHORNE PRODUCTION CO", "date-changed": "19940422"}]}
text: UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  Washington, DC 20549
  FORM 10-Q
  [X]
  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the Quarterly Period Ended
  December 31, 2012
  [  ]
  TRANSITION REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the Transition Period From ________ to _________
  Commission File Number
  000-33215
  AGRICON GLOBAL CORPORATION
  (Exact name of registrant as specified in its
  charter)
  Delaware
  84-1089377
  (State or other jurisdiction of
  (I.R.S. Employer
  incorporation or organization)
  Identification No.)
  25 East 200 South
  Lehi, Utah
  84043
  (Address of principal executive offices)
  (Zip Code)
  801-592-3000
  (Registrant's telephone number, including
  area code)
  Indicate by check mark whether the registrant:
  (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
  12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing
  requirements for the past 90 days.		Yes
  þ
  No
  o
  Indicate by check mark whether the registrant
  has submitted electronically and posted on its corporate Web site, if any, Interactive Data File required to be submitted and posted
  pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period
  that the registrant was required to submit and post such files.) 			Yes
  o
  No
  þ
  Indicate by check mark whether the registrant is a large accelerated
  filed, an accelerated filer, a non-accelerated filer or a smaller public company. See the definitions of "
  large accelerated
  filer
  ," "
  accelerated filer
  " and "
  smaller reporting company
  " in Rule 12b-2 of the
  Exchange Act.
  Large accelerated filer
  o
  Accelerated filer
  o
  Non-accelerated filer
  o
  (Do not check if a smaller
      reporting company)
  Smaller reporting company
  þ
  Indicate by check mark whether the registrant
  is a shell company (as defined in Rule 12b-2 of the Exchange Act.)			Yes
  o
  No
  þ
  As of February 21, 2013, the registrant had 18,374,841 shares
  of common stock, par value $0.0001, issued and outstanding.
  Table of Contents
  AGRICON GLOBAL CORPORATION AND SUBSIDIARIES
  (A Development Stage Company)
  FORM 10-Q
  TABLE OF CONTENTS
  PART I —
  FINANCIAL INFORMATION
  Item 1.
  Financial Statements
  Page
  Condensed Consolidated Balance Sheets
  as of
  December 31, 2012 (Unaudited) and June 30, 2012
  3
  Condensed Consolidated Statements of Operations
  (Unaudited) for the
  three months ended December 31, 2012 and 2011,
          for the six months ended December 31, 2012, and for the periods from inception
  (July 5, 2011) through
          December 31, 2011 and 2012
  4
  Condensed Consolidated Statements of Cash Flows
  (Unaudited) for the
  six months ended December 31, 2012 and for the
          periods from inception
  (July 5, 2011) through December 31, 2011 and
          2012
  5
  Notes to Condensed Consolidated Financial Statements
  6
  Item 2.
  Management's Discussion and Analysis
  of Financial Condition
  and Results of Operations
  13
  Item 3.
  Qualitative and Quantitative Disclosures About Market Risk
  16
  Item 4.
  Controls and Procedures
  16
  PART II —
  OTHER INFORMATION
  Item 1.
  Legal Proceedings
  17
  Item 1A.
  Risk Factors
  17
  Item 6.
  Exhibits
  18
  Signatures
  19
  2
  Table of Contents
  PART I - FINANCIAL INFORMATION
  Item 1. Financial Statements
  AGRICON GLOBAL CORPORATION AND SUBSIDIARIES
  (A Development Stage Company)
  CONDENSED CONSOLIDATED BALANCE SHEETS
  December 31
  June 30,
  2012
  2012
  ASSETS
  (Unaudited)
  Current Assets
  Cash
  $
  121,711
  $
  5,221
  Prepaid expenses
  14,000
  —
  Subscriptions receivable
  —
  50,000
  Notes receivable, current portion
  95,545
  93,227
  Total current assets
  231,256
  148,448
  Equipment
  32,785
  24,884
  Land under capital lease
  1,455,368
  —
  Notes receivable, net of current portion
  179,156
  227,462
  Total Assets
  $
  1,898,565
  $
  400,794
  LIABILITIES AND STOCKHOLDERS' EQUITY
  Current Liabilities
  Accounts payable
  $
  86,791
  $
  166,551
  Accrued liabilities
  54,550
  78,118
  Unsecured notes payable, related parties
  280,193
  61,900
  Current portion of capital lease obligation
  200,000
  —
  Total current liabilities
  621,534
  306,569
  Capital lease obligations, net of current portion
  1,136,368
  —
  Total Liabilities
  $
  1,757,902
  $
  306,569
  STOCKHOLDERS' EQUITY
  Preferred stock, $.0001 par value, 400,000 shares authorized; no shares
  issued and outstanding
  —
  —
  Common stock $.0001 par value, 100,000,000 shares authorized;
  18,374,841 shares issued and outstanding at December 31, 2012 and
  17,374,841 shares issued and outstanding at June 30, 2012
  1,837
  1,737
  Additional paid-in capital
  1,234,290
  716,026
  Deficit accumulated during developmental stage
  (1,095,464
  )
  (623,538
  )
  Total stockholders' equity
  140,663
  94,225
  Total Liabilities and Stockholders' Equity
  $
  1,898,565
  $
  400,794
  See accompanying notes to the condensed consolidated
  financial statements.
  3
  Table of Contents
  AGRICON GLOBAL CORPORATION AND SUBSIDIARIES
  (A Development Stage Company)
  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
  (Unaudited)
  For the Three Months Ended December 31,
  For the Six Months Ended December 31,
  For the Period from Inception (July 5, 2011) through December 31,
  2012
  2011
  2012
  2011
  2012
  Operating Expenses:
  Selling, general and administrative
  $
  220,319
  $
  —
  $
  421,610
  $
  50,463
  $
  740,589
  Lease acquisition costs
  22,695
  —
  59,699
  —
  368,662
  Total Operating Expenses
  243,014
  —
  481,309
  50,463
  1,109,251
  Loss from Operations
  243,014
  —
  50,463
  1,109,251
  Other Income and Expense:
  Interest income
  7,248
  —
  14,026
  —
  20,751
  Interest expense
  (2,321
  )
  —
  (4,643
  )
  —
  (6,963
  )
  Total Other Income
  4,927
  —
  9,383
  —
  13,788
  Net Loss
  $
  (238,087
  )
  $
  —
  $
  (471,926
  )
  $
  (50,463
  )
  $
  (1,095,463
  )
  Basic and diluted loss per common share
  $
  (0.01
  )
  $
  —
  $
  (0.03
  )
  $
  —
  Basic and diluted weighted average number of common shares outstanding
  17,972,667
  16,154,841
  17,673,754
  16,154,841
  See accompanying notes to the condensed consolidated
  financial statements.
  4
  Table of Contents
  AGRICON GLOBAL CORPORATION AND SUBSIDIARIES
  (A Development Stage Company)
  CONSOLIDATED STATEMENTS OF CASH FLOWS
  (Unaudited)
  For the Six Months Ended
  For the Period from Inception (July 5, 2011) through
  For the Period from Inception (July 5, 2011) through
  December 31, 2012
  December 31, 2011
  December 31, 2012
  Cash Flows From Operating Activities
  Net loss
  $
  (471,926
  )
  $
  (50,463
  )
  $
  (1,095,464
  )
  Adjustments to reconcile net loss to net cash used in operating activities:
  Share-based compensation
  18,364
  —
  67,286
  Common stock issued for services
  —
  50,463
  50,463
  Changes in operating assets and liabilities:
  Prepaid expenses
  (14,000
  )
  —
  (9,000
  )
  Accounts payable
  71,140
  —
  131,585
  Accrued liabilities
  43,825
  —
  (50,637
  )
  Net Cash Used in Operating Activities
  (352,597
  )
  —
  (905,767
  )
  Cash Flows From Investing Activities
  Proceeds on notes receivable
  45,988
  —
  69,263
  Purchase of equipment
  (7,901
  )
  —
  (32,785
  )
  Purchase of land
  (119,000
  )
  —
  (119,000
  )
  Net Cash Used by Investing Activities
  (80,913
  )
  —
  (82,522
  )
  Cash Flows From Financing Activities
  Proceeds from issuance of common stock for cash
  550,000
  —
  1,110,000
  Net Cash Provided by Financing Activities
  550,000
  —
  1,110,000
  Effect of Exchange Rate on Cash
  —
  Net Increase in Cash and Cash Equivalents
  116,490
  —
  121,711
  Cash at Beginning of Period
  5,221
  —
  —
  Cash at End of Period
  $
  121,711
  $
  —
  $
  121,711
  Supplemental Disclosures of Cash Flow Information:
  Noncash Investing and Financing activities:
  The Company issued 12,000,000 shares of its Common
  Stock for all of the issued and outstanding stock of
  CPGL which stock had been issued for services by
  its two shareholders
  $
  —
  $
  50,463
  $
  50,463
  Recapitalization
  —
  —
  348,964
  Subscription receivable
  —
  —
  50,000
  Conversion of accounts payable and accrued liabilities
  to notes payable
  218,293
  —
  218,293
  See accompanying notes to the condensed consolidated
  financial statements.
  5
  Table of Contents
  AGRICON GLOBAL CORPORATION AND SUBSIDIARIES
  (A Development Stage Company)
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL
  STATEMENTS
  (Unaudited)
  NOTE 1 — THE COMPANY AND BASIS OF
  PRESENTATION
  Principles
  of Consolidation
  –
  The accompanying condensed consolidated financial statements
  are presented in conformity with accounting principles generally accepted in the United States of America and include operations
  and balances of Agricon Global Corporation and its wholly-owned subsidiaries Canola Property Ghana Limited ("CPGL"),
  and Agricon SH Ghana Limited ("ASHG"), both Ghanaian limited liability companies, collectively "Agricon"
  or the "Company." CPGL was incorporated under the laws of Ghana, West Africa on July 5, 2011and ASHG was incorporated
  under the laws of Ghana, West Africa on November 7, 2012. Intercompany balances and transactions have been eliminated in consolidation.
  Nature
  of Operations
  –
  All of the Company's business is conducted through its
  two wholly owned subsidiaries CPGL and ASHG. The Company is in the development stage and its business activities to date have been
  organizing the Company, locating appropriate land that might be leased or purchased for cultivating and harvesting agricultural
  products. The Company completed its first lease purchase transaction on December 13, 2012 of 8,000 acres in the Shai Hill area
  near Accra, the largest city in Ghana. We plan to begin clearing and cultivating the land included in the first lease purchase
  during 2013.
  The Company plans to locate and then lease
  additional undeveloped land in Ghana, West Africa, at attractive prices, that can be cleared and used for agricultural purposes
  and prepare the land for cultivation and production of primarily rotation crops such as rice, maize (corn), canola, sunflower,
  and soya.
  The Company has located and began preliminary negotiations for
  two additional leases for approximately 20,000 acres of land and we expect to enter into 50 year leases for these parcels of land.
  Assuming that the Company completes these lease transactions—of which there can be no assurance--we expect to stake, demarcate
  and survey the land and ready the leases for recording with the Ghana government.
  NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES
  Interim Financial Information
  –
  The accompanying unaudited condensed consolidated financial statements
  have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial
  information and pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC").
  Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally
  accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments considered
  necessary for a fair presentation have been included and are of a normal recurring nature. The results of operations for the three
  and six months ended December 31, 2012, may not be indicative of the results that may be expected for the year ending June 30,
  2013.
  These financial statements should be read
  in conjunction with the financial statements and notes thereto which are included in Agricon in Annual Report on Form 10-K for
  the year ended June 30, 2012. The accounting policies set forth in those annual financial statements are the same as the accounting
  policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement
  presentation.
  6
  Table of Contents
  Use of Estimates
  – The
  preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
  requires management to make estimates and assumptions that affect assets and liabilities and disclosure of contingent assets and
  liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results
  could differ from those estimates. The preparation of financial statements in conformity with accounting principles generally
  accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets
  and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements and the reported amounts
  of revenues and expenses during the reporting period. Actual results could differ from those estimates.
  Cash
  –
  The
  balance in Cash consisted of cash reserves held in checking accounts.
  Notes Receivable
  – On August 31, 2010, the Company sold its wholly owned subsidiary, Commission River Corporation. As part of the
  payment for the sale, the Company was issued a secured negotiable promissory note receivable, in the amount of $490,000, with varying
  interest rates beginning at 6% and required monthly payments of $10,000 until its maturity on September 12, 2014, when the remaining
  principal balance of the note is due. The note is secured by all of the assets of Commission River Corporation. As of December
  31, 2012, the note was current and had a remaining principal balance of $274,701, of which $95,545 is classified as
  "
  Notes
  receivable, current portion
  "
  on the balance sheet.
  Agricultural Land and Lease Acquisition
  Costs
  – The Company expenses all costs relating to land and lease acquisition activities
  until the actual acquisition or until the lease has been executed. The land purchase price is then capitalized and valuated periodically
  for any valuation allowance required. Lease payments are capitalized and amortized over the appropriate lease period. Costs of
  land clearing and preparation are expensed as incurred.
  Equipment
  –
  Equipment is stated at cost less accumulated depreciation. At the time equipment is disposed of or traded in, the assets and related
  accumulated depreciation are removed from the accounts, and any resulting gain or loss is charged to operations. Major renewals
  and betterments that extend the life of the property and equipment are capitalized. Maintenance and repairs are expensed as incurred.
  The Equipment shown on the Condensed Consolidated Balance Sheets, had not been placed into use as of December 31, 2012 and therefore
  no depreciation has been recognized at December 31, 2012.
  .
  Development Stage Company
  –
  The Company has not earned any revenue from operations. Accordingly, the Company's activities have been accounted
  for as those of a "Development Stage Enterprise" as set forth in ASC Topic 914.  Among the disclosures required
  by ASC 914 are that the Company's financial statements be identified as those of a development stage company, and that the
  statements of operations, cash flows and stockholders' equity disclose activity since the date of the Company's inception.
  Foreign Currency
  Translation
  –
  The financial statements are presented in United States dollars. In accordance with ASC Topic
  830, "Foreign Currency Translation", foreign denominated monetary assets and liabilities are translated to their
  United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date.  Non-monetary
  assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are
  translated at average rates of exchange during the periods presented.  Related translation adjustments are reported
  as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions
  are included in results of operations. All financial activity during the three months and six months ended December 31, 2012
  were denominated in United States dollars, therefore no translation of currency was required and
  7
  Table of Contents
  there were no gains or losses on foreign
  currency transactions during the three monthe or six months ended December 31, 2012. All material accounts of cash were being
  held in US dollar accounts at December 31, 2012.
  Share-Based Compensation
  –
  The
  Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite
  service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using
  a lattice model that values the options based on probability weighted projections of the various potential outcomes. The
  intrinsic value, stock performance, stock volatility, vesting or exercise factors, and forfeiture variables, are all
  considerations under this model. During the three months and six months ended December 31, 2012 the Company recorded
  share based compensation expense of $9,183 and $18,364 respectively and $0 for each of the same periods in 2011and $18,364
  since inception (July 5, 2011).
  There were no new options granted or exercised
  during the three months ended December 31, 2012 and 2011.
  Basic and
  Diluted Loss Per Share
  – Basic loss per common share is computed by dividing the net loss attributable to common
  stockholders for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per
  common share, where applicable, is computed giving effect to all dilutive common stock equivalents, primarily common stock options
  and warrants. All potential common shares, totaling 670,000 outstanding exercisable options, which could have an anti-dilutive
  effect on diluted per share loss amounts, are excluded in determining the diluted loss per common share.
  Income
  Taxes -
  The
  Company accounts for income taxes under the asset and liability method of accounting for deferred taxes as prescribed under
  FASB ASC 740, Accounting for Income Taxes effect to all dilutive common stock equivalents, primarily common  tax consequences
  attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their
  respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable
  income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax
  assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. When
  applicable, a valuation allowance is established to reduce any deferred tax asset when it is determined that it is more
  likely than not that some portion of the deferred tax asset will not be realized. ASC 740 also requires reporting of taxes
  based on tax positions that meet a more-likely-than-not standard and that are measured at the amount that is
  more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are
  required to be recorded as unrecognized tax benefits. ASC 740 also provides guidance on the presentation of tax matters and
  the recognition of potential IRS interest and penalties. The Company classifies penalty and interest expense related to
  income tax liabilities as an income tax expense. There are no significant interest and penalties recognized in the statement
  of operations or accrued on the balance sheet. See further discussion and disclosures in Note 8.
  Recent Accounting Pronouncements
  Comprehensive Income
  – In June 2011, the FASB issued authoritative guidance regarding the presentation of comprehensive income. This
  guidance provides companies with the option to present the total of comprehensive income, components of net income, and the
  components of other comprehensive income either in a single continuous
  statement of comprehensive income or in two separate but
  8
  Table of Contents
  consecutive statements. The objective of the standard is to increase the
  prominence of items reported in other comprehensive income and to facilitate convergence of U.S. GAAP and International Financial
  Reporting Standards (IFRS). The standard eliminates the option to present components of other comprehensive income as part of the
  statement of changes in stockholders' equity. The guidance is effective for fiscal years and interim periods beginning after
  December 15, 2011 and should be applied retrospectively. Early adoption is permitted. The adoption of this guidance is not expected
  to have a material impact on the Company's consolidated financial statements.
  Fair Value Measurements
  –
  In May 2011, the FASB issued authoritative guidance regarding fair value measurements. This guidance establishes common requirements
  for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRS. It
  also clarifies the FASB's intent on the application of existing fair value measurement requirements. The guidance is effective
  for fiscal years and interim periods beginning after December 15, 2011 and should be applied prospectively. The adoption of this
  guidance is not expected to have a material impact on the Company's consolidated financial statements.
  NOTE 3 – GOING CONCERN
  The accompanying condensed consolidated financial
  statements have been prepared assuming that the Company will continue as a going concern.  As shown in the accompanying
  condensed consolidated financial statements, the Company incurred a loss from operations of $471,926 for the six month period ended
  December 31, 2012 and has an accumulated deficit of $1,095,463 since its inception (July 5, 2011).  The Company also
  used cash in operating activities of $352,597during the six month period ended December 31, 2012 , and $905,767 since its inception.  At
  December 31, 2012, the Company had negative working capital of $190,278.  The Company is in default on Notes Payable.
  These factors raise substantial doubt about the Company's ability to continue as a going concern.
  In order
  for us to continue as a going concern, we expect to obtain additional debt or equity financing. There can be no assurance that
  we will be able to secure additional debt or equity financing, that we will be able to acquire cash flow positive operations, or
  that, if we are successful in any of those actions, those actions will produce adequate cash flow to enable us to meet all our
  future obligations. All of our existing financing arrangements are short-term. If we are unable to obtain additional debt or equity
  financing, we may be required to significantly reduce or cease operations.
  NOTE 4 – RECAPITALIZATION
  On March 31, 2012, Agricon, formerly BayHill Capital Corporation, and CPGL, and CPGL's shareholders,
  Global Green Capacity Limited and Invest in Ghana Co Limited, entered into a share exchange agreement pursuant to which Agricon
  agreed to issue an aggregate of 12,000,000 shares of common stock to CPGL stockholders and designees, in return for 100% of the
  75,000 issued and outstanding shares of CPGL stock (the "Share Exchange"). As a result, CPGL became a wholly-owned
  subsidiary of Agricon, and for accounting purposes, Agricon began operations on July 5, 2011 (date of inception of CPGL), as reflected
  in the Consolidated Financial Statements. The Share Exchange resulted in a change in control of the Company. The former CPGL stockholders,
  and designees, now own in the aggregate 69% of the outstanding shares of the Company's common stock. In conjunction with
  the share exchange the Company changed its name from BayHill Capital Corporation to Agricon Global Corporation.
  9
  Table of Contents
  As one of the requirements
  of the Share Exchange, Agricon was required to raise a minimum of $600,000 through the sale of its common stock. As of December
  31, 2012, the Company had raised $1,110,000 under a private placement of 2,220,000 shares of common stock. This initial working
  capital is being used to acquire land and begin the operations of clearing and cultivating.
  In accordance with Financial
  Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") section 805, "Business
  Combinations", CPGL is considered the accounting acquiror in the Share Exchange. Under current accounting guidance Agricon
  is not a business for purposes of determining whether a business combination would occur upon the acquisition of the outstanding
  stock of CPGL. The acquisition was accounted for as the recapitalization of CPGL since, at the closing of the Share Exchange, Agricon
  was a non-operating public shell corporation with no significant assets and liabilities. Accordingly, the assets and liabilities
  and the historical operations that are reflected in the Company's consolidated financial statements are those of CPGL, restated
  for the effects of the capital restructure.
  The accounting transactions
  required to accomplish the Share Exchange are recognized as follows: (1) the recapitalization of CPGL by recognizing the Agricon
  common shares issued in exchange for the CPGL shares in a manner equivalent to a 160 for 1 stock split, and (2) the Agricon common
  shares that remain outstanding are recognized as the issuance of common shares by CPGL—as the acquirer for accounting purposes-for
  the assets less liabilities of BayHill Capital Corporation, the predecessor to Agricon, are recorded at fair value which approximates
  the book value.
  NOTE 5 – UNSECURED NOTES PAYABLE TO
  RELATED PARTIES
  The unsecured notes payable to present and
  past affiliates of the Company are related to legal fees, director fees, and unpaid salaries, from previous periods, that were
  converted into 12% notes payable with a maturity date of June 30, 2012. The notes were not paid at maturity, therefore the interest
  rate increased to 15% per annum. No affiliate has demanded payment. These notes consist of the following:
  Note Holder
  Amount
  ClearWater Law and Governance Group, LLC
  $
  3,783
  James U Jensen
  7,117
  John M Knab
  5,500
  John D Thomas
  6,000
  Robert K Bench
  24,500
  Robyn Farnsworth
  15,000
  Total
  $
  61,900
  10
  Table of Contents
  Additional amounts of director fees and unpaid
  salaries during the six months ended December 31, 2012 were converted into 12% notes payable, at December 31, 2012, with a maturity
  date of March 31, 2013. These new notes consist of the following:
  Note Holder
  Amount
  Lars Nielsen
  $
  50,000
  James U Jensen
  24,843
  Soren Jonassen
  12,900
  Stephen Abu
  27,000
  Rene Mikkelsen
  17,800
  Robert K Bench
  60,500
  Robyn Farnsworth
  25,250
  Total
  $
  218,293
  NOTE 6 – CAPITAL LEASE OBLIGATIONS
  In December 2012 the Company acquired approximately
  8,000 acres of agricultural land in the Shai Hills area of Ghana, West Africa. The lease requires total payments over nine (9)
  years of $1,954,840. The company paid the first year payment of $129,032, which included a payment at the acquisition date of $119,000
  and a credit for $10,032 of costs and expenses advanced to the lessee by the Company during lease negotiations, which were expensed
  in prior periods. The lease has been accounted for as a capital lease. The following is a schedule by year of future minimum lease
  payments under the capital lease, together with the present value of the minimum lease payments as of December 31, 2012:
  December 31,
  Amount
  2013
  $
  200,000
  2014
  256,452
  2015
  248,387
  2016
  240,323
  2017
  232,258
  Thereafter
  648,388
  Total minimum lease payments
  1,825,808
  Less: amount representing interest
  524,302
  Present value of lease payments
  1,301,506
  Less: current portion
  93,091
  Long-term portion
  $
  1,208,415
  NOTE 7 – STOCKHOLDERS' EQUITY
  The Company's capitalization is 100,000,000
  common shares with a par value of $0.0001 per share. As of December 31, 2012, the Company had 18,374,841 common shares outstanding.
  Preferred shares of 400,000 with a par value
  of $0.0001 have been authorized and no shares are issued or outstanding as of December 31, 2012.
  During 2012, the Company conducted a private
  placement offering to a limited number of foreign investors under which the Company issued a total of 2,220,000 shares, of its
  common stock, at a price of
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  fifty cents ($0.50) per share for a total of $1,110,000. Of the 2,220,000 shares sold by the Company
  1,220,000 were sold prior to June 30, 2012. The remaining 1,000,000 were sold during the three months ended December 31, 2012.
  The Company issued 75,000 shares of its common stock, to two shareholders, for services relating to administrative
  and organizational costs totaling $50,463. It was these 75,000 shares that were exchanged for 12,000,000 shares in the Share Exchange
  Agreement. See Note 4 – Recapitalization.
  NOTE 8 – INCOME TAXES
  In evaluating the realizability of the net
  deferred tax assets, we take into account a number of factors, primarily relating to the ability to generate taxable income. Where
  it is determined that it is likely that we will be unable to realize deferred tax assets, a valuation allowance is established
  against the portion of the deferred tax asset. Because it cannot be accurately determined when or if we will become profitable,
  a valuation allowance was provided against the entire deferred income tax asset balance.
  The 2009 through 2012 tax years remain open
  to examination by the Internal Revenue Service.  These taxing authorities have the authority to examine those tax years until
  the applicable statute of limitations expire.
  The Company did not recognize any interest
  or penalties related to income taxes for the three or six months ended December 31, 2012 and 2011.
  NOTE 9 – SUBSEQUENT EVENTS
  On January 3, 2013 the Company announced its execution of a Letter
  of Intent (LOI) to merge with Africa Farmlands, Inc. (AFL), an Iowa Corporation, by acquiring all issued and outstanding shares
  of AFL and controlling interest in its two Ghanaian Subsidiaries. If the LOI leads to a completed agreement, Agricon will issue
  25,000,000 unregistered shares of its common stock to acquire all of the shares, presently outstanding of AFL. The terms of the
  agreement will require that AFL and its associates complete a private placement of Agricon common stock in an amount of not less
  than $10 million. If the acquisition and private placement are completed on the terms contemplated, the Company would have 43,874,841
  shares issued and outstanding--prior to any share issuances for the anticipated $10 million private investment in public equity
  (PIPE), and future funding needs—of which current Agricon shareholders would own approximately 43%.
  If the LOI leads to a completed agreement,
  Two of Agricon's present board members will resign and three new board members will be appointed. Agricon expects its present
  management team to remain and be augmented by AFL management team.
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  Item 2. Management's Discussion and Analysis
  of Financial Condition and Results of Operations
  The following discussion is intended to assist
  you in understanding our results of operations and our present financial condition. Our condensed consolidated financial statements
  and the accompanying notes included in this quarterly report on Form 10-Q contain additional information that should be referred
  to when reviewing this material.
  Forward-Looking Information and Cautionary Statements
  This quarterly
  report contains forward-looking statements as that term is defined in Section 27A of the United States Securities Act of 1933 and
  Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial performance.
  In some cases, you can identify forward-looking statements by terminology such as "
  may
  ", "
  should
  ",
  "
  expects
  ", "
  plans
  ", "
  anticipates
  ", "
  believes
  ", "
  estimates
  ",
  "
  predicts
  ", "
  potential
  " or "
  continue
  " or the negative of these terms or
  other comparable terminology.
  Such statements are based on currently available financial and competitive information and
  are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience
  and our present expectations. Undue reliance should not be placed on such forward-looking statements as such statements speak only
  as of the date on which they are made.
  These statements are only predictions and involve known and unknown
  risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance
  or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or
  implied by these forward-looking statements.
  Forward-looking statements are predictions
  and not guarantees of future performance or events. Forward-looking statements are based on current industry, financial and economic
  information, which we have assessed but which by its nature, is dynamic and subject to rapid and possibly abrupt changes. Our actual
  results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties
  associated with our business. We hereby qualify all our forward-looking statements by these cautionary statements. We undertake
  no obligation to amend this report or revise publicly these forward-looking statements (other than pursuant to reporting obligations
  imposed on registrants pursuant to the Securities Exchange Act of 1934) to reflect subsequent events or circumstances.
  Business Review
  The Company is in the development stage and
  its activities to date have been organizing the Company and locating appropriate land that might be leased for cultivating and
  harvesting agricultural products and acquiring 8,000 acres through a lease purchase agreement. Assuming the Company can raise adequate
  capital, we plan to continue to locate and then lease undeveloped land in Ghana, at attractive prices, that can be cleared and
  used for agricultural purposes and prepare the land for cultivation and production of primarily rotation crops such as rice, maize
  (corn), canola, sunflower, and soya.
  The Company has located and began preliminary
  negotiations for two additional leases for approximately 20,000 acres of land and we expect to enter into 50 year leases for the
  land. We expect to stake, demarcate and survey the land and ready the lease for recording with the Ghana government. We plan to
  begin clearing and cultivating the land included in the first lease purchase during 2013.
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  In order to execute on this strategy, the
  Company will need significant capital. There is no assurance that the Company will be successful in raising capital and completing
  its planned acquisition of leases and farming operations.
  Summary of Operations
  Three months ended December 31, 2012
  The Company generated no revenues from operations
  during the three months ended December 31, 2012.
  During
  the three months ended December 31, 2012, our activities related to our continued negotiations of leases in Ghana totaling
  20,000 acres, and acquiring 8,000 acres on which we plan to begin farming operations.
  General and Administrative Expenses
  General and administrative expenses were $220,319 and $421,610
  for the three months and six months ended December 31, 2012 respectively, all of which related to our search for land leases
  and negotiation activities.
  Lease acquisition costs were $22,695 and $59,699 for the
  three months and six months ended December 31, 2012 respectively. These represent costs and expenses directly relating to
  surveying and soil testing prospective land for possible acquisition or lease.
  Period from Inception (July 5, 2011)
  through December 31, 2012
  The Company generated no revenues from operations
  during the period from inception (July 5, 2011) through December 31, 2012. The general and administrative expenses of $740,589
  related to its activities in the formation of the Company and its search and negotiation efforts to secure a lease to begin farming
  and agricultural operations in Ghana.
  Lease acquisition costs of $368,662 relate
  to direct costs of surveying activities and soil testing prospective land for possible acquisition or lease.
  Liquidity and Capital Resources
  As of December 31, 2012 and June 30, 2012,
  we had cash on hand of $121,711 and $5,221, respectively, and total current liabilities exceeded total current assets by $190,278
  and $158,121, respectively.
  For the six months ended December 31, 2012,
  we used cash in operating activities of $352,597.
  The company will need further funding to execute
  its plans to acquire leases and begin farming operations. It presently plans additional rounds of funding in the near future. If
  we are not able to raise the anticipated funds, the Company may not be able to continue its operations and continue with its business
  strategy.
  Off-Balance Sheet Financing Arrangements
  The Company had no off-balance sheet financing arrangements at December
  31, 2012 and June 30, 2012.
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  Recent Accounting Pronouncements
  For details of applicable new accounting standards, please, refer
  to Note
  1 – The Company and Basis of Presentation
  to our
  condensed consolidated financial statements.
  Critical Accounting Policies and Estimates
  The preparation of financial statements in
  accordance with accounting standards generally accepted in the United States requires management to make estimates and assumptions
  that affect both the recorded values of assets and liabilities at the date of the financial statements and the revenues recognized
  and expenses incurred during the reporting period. Our estimates and assumptions affect our recognition of deferred expenses, bad
  debts, income taxes, the carrying value of our long-lived assets and our provision for certain contingencies. We evaluate the reasonableness
  of these estimates and assumptions continually based on a combination of historical information and other information that comes
  to our attention that may vary our outlook for the future. Actual results may differ from these estimates under different assumptions.
  We suggest that our Summary of Significant
  Accounting Policies, as described in
  Note 1- The Company and Basis of Presentation
  to our condensed
  consolidated
  financial statements in our most recent Annual Report on Form 10-K be read in conjunction with this
  Management's Discussion
  and Analysis of Financial Condition and Results of Operations.
  We believe the critical accounting policies that most impact
  our consolidated financial statements are described below.
  Fair Value of
  Financial Instruments
  The carrying amounts reported in the accompanying
  condensed consolidated financial statements for the notes receivable, accounts payable and accrued expenses approximate fair values
  because of the immediate nature of short-term maturities of these financial instruments. The carrying amount of long-term debt
  approximates fair value due to the stated interest rates approximating prevailing market rates.
  Item 3. Qualitative and Quantitative
  Disclosures About Market Risk
  As a Smaller Reporting Company as defined
  by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting
  obligations and therefore are not required to provide the information requested by this Item.
  Item 4. Controls and Procedures
  Evaluation of Disclosure Controls and Procedures
  Our management, under the supervision and with
  the participation of our President and Chief Financial Officer, evaluated the effectiveness of the design and operation of our
  disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934,
  as amended (the
  "Exchange
  Act")), as of the end of the period covered by this report. Based on this evaluation, our President and Chief Financial Officer
  concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective in (1)
  recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by us in the reports
  that we file or
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  submit under the Exchange Act and (2) ensuring
  that information disclosed by us in such reports is accumulated and communicated to our management, including our President and
  Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
  Changes in Internal Control
  over Financial Reporting
  There were no changes in our internal
  control over financial reporting during the three months ended December 31, 2012 that materially affected, or are reasonably
  likely to materially affect, our internal control over financial reporting.
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  PART II - OTHER INFORMATION
  Item 1. Legal Proceedings
  The company had no legal proceedings at December 31, 2012.
  Item 1A. Risk Factors
  During the three months ended December 31, 2012 there were no
  material changes in the risk factors previously described in Form 10K filed with the SEC on September 21, 2012.
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  Item 6. Exhibits
  Exhibits. The following
  exhibits are included as part of this report:
  Exhibit No.
  Description of Exhibit
  Exhibit 31.1
  Certification of Principal Executive Officer Pursuant to
  Section 302 of the Sarbanes Oxley Act of 2002
  Exhibit 32.1
  Certification Pursuant to Section 906 of the Sarbanes-
  Oxley Act of 2002
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  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
  AGRICON GLOBAL
  CORPORATION
  Date:
  February 21, 2013
  By:
  /s/ Robert K Bench
  Robert K Bench
  President, Chief Financial Officer
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