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EXHIBIT D
 
RISK FACTORS

THERE IS A LIMITED MARKET FOR OUR COMMON STOCK WHICH MAY MAKE IT MORE DIFFICULT
FOR YOU TO SELL YOUR STOCK.

There is a limited trading market for our common stock. On June 6, 2008, the
Company provided NASDAQ with notice of its intent to voluntarily delist from The
NASDAQ Stock Market, which notice was amended on June 10, 2008. The Company is
voluntarily delisting to reduce and more effectively manage its regulatory and
administrative costs, and to enable Company management to better focus on its
business on developing the natural gas drilling rights recently acquired in
connection with the acquisition of Davy Crockett Gas Company, LLC, which was
announced on May 9, 2008.

The Company has requested that its shares be suspended from trading on NASDAQ at
the open of the market on June 16, 2008. The Company’s shares have been accepted
for quotation and trading on the OTC Bulletin Board under the symbol "EMVL." The
Company filed a Form 25 with the Securities and Exchange Commission on June 16,
2008. The Company expects that the delisting from NASDAQ will be effective or on
or about June 26, 2008. Accordingly, there can be no assurance as to the
liquidity of any markets that may develop for our common stock, the ability of
holders of our common stock to sell our common stock, or the prices at which
holders may be able to sell our common stock.

OUR STOCK PRICE MAY BE VOLATILE.

The market price of our common stock is likely to be highly volatile and could
fluctuate widely in price in response to various factors, many of which are
beyond our control, including:

 
·
new products and services by our competitors;

 
·
additions or departures of key personnel;

 
·
sales of our common stock;

 
·
our ability to integrate operations, technology, products and services;

 
·
our ability to execute our business plan;

 
·
operating results below expectations;

 
·
loss of any strategic relationship;

 
·
industry developments;

 
·
economic and other external factors; and

 
·
period-to-period fluctuations in our financial results.

Because we have a limited operating history, you may consider any one of these
factors to be material. Our stock price may fluctuate widely as a result of any
of the above listed factors.
 
 
 

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In addition, the securities markets have from time to time experienced
significant price and volume fluctuations that are unrelated to the operating
performance of particular companies. These market fluctuations may also
materially and adversely affect the market price of our common stock.

OUR COMMON STOCK WILL BE SUBJECT TO THE "PENNY STOCK" RULES OF THE SEC.

The Securities and Exchange Commission has adopted Rule 15g-9 which establishes
the definition of a "penny stock," for the purposes relevant to us, as any
equity security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain exceptions. For
any transaction involving a penny stock, unless exempt, the rules require:

·
that a broker or dealer approve a person's account for transactions in penny
stocks; and

·
the broker or dealer receive from the investor a written agreement to the
transaction, setting forth the identity and quantity of the penny stock to be
purchased.

In order to approve a person's account for transactions in penny stocks, the
broker or dealer must:

·
obtain financial information and investment experience objectives of the person;
and

·
make a reasonable determination that the transactions in penny stocks are
suitable for that person and the person has sufficient knowledge and experience
in financial matters to be capable of evaluating the risks of transactions in
penny stocks.

The broker or dealer must also deliver, prior to any transaction in a penny
stock, a disclosure schedule prescribed by the Commission relating to the penny
stock market, which, in highlight form:

·
sets forth the basis on which the broker or dealer made the suitability
determination; and

·
that the broker or dealer received a signed, written agreement from the investor
prior to the transaction.

Generally, brokers may be less willing to execute transactions in securities
subject to the "penny stock" rules. This may make it more difficult for
investors to dispose of our common stock and cause a decline in the market value
of our stock.

Disclosure also has to be made about the risks of investing in penny stocks in
both public offerings and in secondary trading and about the commissions payable
to both the broker-dealer and the registered representative, current quotations
for the securities and the rights and remedies available to an investor in cases
of fraud in penny stock transactions. Finally, monthly statements have to be
sent disclosing recent price information for the penny stock held in the account
and information on the limited market in penny stocks.
 
 
 

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THE ISSUANCE OF SHARES THROUGH OUR STOCK COMPENSATION PLANS MAY DILUTE THE VALUE
OF EXISTING STOCKHOLDERS AND MAY AFFECT THE MARKET PRICE OF OUR STOCK.
 
We may use stock options, stock grants and other equity-based incentives, to
provide motivation and compensation to our officers, employees and key
independent consultants. The award of any such incentives will result in an
immediate and potentially substantial dilution to our existing stockholders and
could result in a decline in the value of our stock price. The exercise of these
options and the sale of the underlying shares of common stock and the sale of
stock issued pursuant to stock grants may have an adverse effect upon the price
of our stock.

WE HAVE NOT PAID DIVIDENDS IN THE PAST AND DO NOT EXPECT TO PAY DIVIDENDS IN THE
FUTURE. ANY RETURNS ON INVESTMENT MAY BE LIMITED TO THE VALUE OF OUR COMMON
STOCK.

We have never paid cash dividends on our common stock and do not anticipate
paying cash dividends in the foreseeable future. The payment of dividends on our
common stock will depend on earnings, financial condition and other business and
economic factors affecting it at such time as the board of directors may
consider relevant. If we do not pay dividends, our common stock may be less
valuable because a return on your investment will only occur if its stock price
appreciates.
 
 
 

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EMVELCO CORP.
Subscription Agreement

EMVELCO CORP.
1061 ½ N. Spaulding Ave.
Los Angeles, CA 90046

Gentlemen:

You have informed the undersigned (the “Purchaser”) that Emvelco Corp., a
Delaware corporation, (the “Company”) wishes to raise a minimum of Fifty
Thousand Dollars ($50,000) and a maximum of Five Hundred and Twenty-Five
Thousand Dollars ($525,000) from various persons by selling 525,000 shares of
the Company’s Common Stock, $0.001 par value (the “Shares”), at a price of One
Dollar ($1.00) per Share. Each Offering Unit will be issued with 200,000
convertible Warrants. Specifically, 200,000 of the Warrants are convertible upon
exercise to one (1) Common Share of stock at $1.50 per share for a term of four
(4) years. Notwithstanding the foregoing, however, the Warrants may be converted
to Common Shares only if EMVELCO issues Twenty-Five Million (25,000,000) or more
of its Common Stock so that there are at least Thirty Million (30,000,000)
authorized Shares at the time of any conversion term.

I have received, read, and understand the Limited Offering Memorandum dated June
6, 2008 (the “Memorandum”). I further understand that my rights and
responsibilities as a Purchaser will be governed by the terms and conditions of
this Subscription Agreement, the Memorandum and the Shares (the “Share
Documents”). I understand that you will rely on the following information to
confirm that I am an “Accredited Investor”, as defined in Regulation D
promulgated under the Securities Act of 1933, as amended (the “Securities Act”),
or one of 35 Non-Accredited Investors that will be allowed to purchase Shares in
this Offering (subject to Company approval), and that I am qualified to be a
Purchaser.

This Subscription Agreement is one of a number of such subscriptions for Shares.
By signing this Subscription Agreement, I offer to purchase and subscribe from
the Company the number of Shares set forth below on the terms specified herein.
The Company reserves the right, in its complete discretion, to reject any
subscription offer or to reduce the number of Shares allotted to me. If this
offer is accepted, the Company will execute a copy of this Subscription
Agreement and return it to me. I understand that commencing on the date of this
Memorandum all funds received by the Company in full payment of subscriptions
for Shares will be deposited in an escrow account. The Company has set a minimum
offering proceeds figure of $50,000 for this Offering. All proceeds from the
sale of Shares will be delivered directly to the Company and be available for
its use.
 
 
 

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SUBSCRIPTION PAID FOR IN FULL PURSUANT TO THAT CERTAIN LIMITED LIABILITY COMPANY
OPERATING AGREEMENT DATED JUNE 30, 2008 IN CONNECTION WITH VORTEX OCEAN ONE,
LLC.
 
1. Accredited Investor. I am an Accredited Investor because I qualify within one
of the following categories:

Please Check The Appropriate Category

_____ $1,000,000 Net Worth.
A natural person whose individual net worth, or joint net worth with that
person’s spouse, at the time of his purchase exceeds $1,000,000.

______________
Purchaser’s Initials

_____ $200,000/$300,000 Income.
A natural person who had an individual income in excess of $200,000 (including
contributions to qualified employee benefit plans) or joint income with such
person’s spouse in excess of $300,000 per year in each of the two most recent
years and who reasonably expects to attain the same individual or joint levels
of income (including such contributions) in the current year.

_____ Director or Officer of Issuer.
Any director or executive officer of the Company

_____ All Equity Owners In Entity Are Accredited.
An entity, (i.e. corporation, partnership, trust, IRA, etc.) in which all of the
equity owners are Accredited Investors as defined herein.

_____ Corporation.
A corporation not formed for the specific purpose of acquiring the Shares
offered, with total assets in excess of $5,000,000.

_____ Other Accredited Investor.
Any natural person or entity which qualifies as an Accredited Investor pursuant
to Rule 501(a) of Regulation D promulgated under the Act; specify basis for
qualification:

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

______One of 35 Non-Accredited Investors that may be allowed to invest in the
offering
 
 
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2. Representations and Warranties. I represent and warrant to the Company that:

(a) I (i) have adequate means of providing for my current needs and possible
contingencies and I have no need for liquidity of my investment in the Shares,
(ii) can bear the economic risk of losing the entire amount of my investment in
Shares, and (iii) have such knowledge and experience that I am capable of
evaluating the relative risks and merits of this investment; (iv) the purchase
of Shares is consistent, in both nature and amount, with my overall investment
program and financial condition.

(a) The address set forth below is my true and correct residence, and I have no
intention of becoming a resident of any other state or jurisdiction.

(b) I have not utilized the services of a “Purchaser Representative” (as defined
in Regulation D promulgated under the Securities Act) because I am a
sophisticated, experienced investor, capable of determining and understanding
the risks and merits of this investment.

______________
Purchaser’s Initials

(d) I have received and read, and am familiar with the Share Documents,
including the Memorandum and the forms of certificate for Shares. All documents,
records and books pertaining to the Company and the Shares requested by me,
including all pertinent records of the Company, financial and otherwise, have
been made available or delivered to me.

(e) I have had the opportunity to ask questions of and receive answers from the
Company’s officers and representatives concerning the Company’s affairs
generally and the terms and conditions of my proposed investment in the Shares.

(f) I understand the risks implicit in the business of the Company. Among other
things, I understand that there can be no assurance that the Company will be
successful in obtaining the funds necessary for its success. If only a fraction
of the maximum amount of the Offering is raised, the Company may not be able to
expand as rapidly as anticipated, and proceeds from this Offering may not be
sufficient for the Company’s long term needs.

(g) Other than as set forth in the Memorandum, no person or entity has made any
representation or warranty whatsoever with respect to any matter or thing
concerning the Company and this Offering, and I am purchasing the Shares based
solely upon my own investigation and evaluation.

(h) I understand that no Shares have been registered under the Securities Act,
nor have they been registered pursuant to the provisions of the securities or
other laws of applicable jurisdictions.

(i) The Shares for which I subscribe are being acquired solely for my own
account, for investment and are not being purchased with a view to or for their
resale or distribution. In order to induce the Company to sell Shares to me, the
Company will have no obligation to recognize the ownership, beneficial or
otherwise, of the Shares by anyone but me.
 
 
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(j) I am aware of the following:

(i)
The Shares are a speculative investment which involves a high degree of risk;
and

(ii)
My investment in the Shares is not readily transferable; it may not be possible
for me to liquidate my investment.

(iii)
The financial statements of the Company have merely been compiled, and have not
been reviewed or audited.

(iv)
There are substantial restrictions on the transferability of the Shares
registered under the Securities Act; and

______________
Purchaser’s Initials

(v)
No federal or state agency has made any finding or determination as to the
fairness of the Shares for public investment nor any recommendation
or endorsement of the Shares;

(k) Except as set forth in the Memorandum, none of the following information has
ever been represented, guaranteed, or warranted to me expressly or by
implication, by any broker, the Company, or agents or employees of the
foregoing, or by any other person:
 

(i)
The appropriate or exact length of time that I will be required to hold the
Shares;

(ii)
The percentage of profit and/or amount or type of consideration, profit, or loss
to be realized, if any, as a result of an investment in the Shares; or

(iii)
That the past performance or experience of the Company, or associates, agents,
affiliates, or employees of the Company or any other person, will in any way
indicate or predict economic results in connection with the purchase of Shares;

(iv)
The amount of dividends or distributions that the Company will make;

(l) I have not distributed the Memorandum to anyone, no other person has used
the Memorandum, and I have made no copies of the Memorandum; and

(m) I hereby agree to indemnify and hold harmless the Company, its officers,
directors, and representatives from and against any and all liability, damage,
cost or expense, including reasonable attorneys fees, incurred on account of or
arising out of:

(i)
Any inaccuracy in the declarations, representations, and warranties set forth
above;

(ii)
The disposition of any of the Shares by me which is contrary to the foregoing
declarations, representations, and warranties; and

(iii)
Any action, suit or proceeding based upon (1) the claim that said declarations,
representations, or warranties were inaccurate or misleading or otherwise cause
for obtaining damages or redress from the Company; or (2) the disposition of any
of the Shares.

 
 
4

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(n) By entering into this Subscription Agreement, I acknowledge that the Company
is relying on the truth and accuracy of my representations.

The foregoing representation and warranties are true and accurate as of the date
hereof, shall be true and accurate as of the date of the delivery of the funds
to the Company and shall survive such delivery. If, in any respect, such
representations and warranties are not true and accurate prior to delivery of
the funds, I will give written notice of the fact to the Company, specifying
which representations and warranties are not true and accurate and the reasons
therefor.

_______________
Purchaser’s Initials

3. Transferability. I understand that I may sell or otherwise transfer my Shares
only if registered under the Securities Act or I provide the Company with an
opinion of counsel acceptable to the Company to the effect that such sale or
other transfer may be made in absence of registration under the Securities Act.
I have no right to cause the Company to register the Shares. Any certificates or
other documents representing my Shares will contain a restrictive legend
reflecting this restriction, and stop transfer instructions will apply to my
Shares.

4. Indemnification. I understand the meaning and legal consequences of the
representations and warranties contained in Paragraph 2 hereof, and I will
indemnify and hold harmless the Company, its officers, directors, and
representatives involved in the offer or sale of the Shares to me, as well as
each of the managers and representatives, employees and agents and other
controlling persons of each of them, from and against any and all loss, damage
or liability due to or arising out of a breach of any representation or warranty
of mine contained in this Subscription Agreement.

5. Revocation. I will not cancel, terminate or revoke this Subscription
Agreement or any agreement made by me hereunder and this Subscription Agreement
shall survive my death or disability.

6. Termination of Agreement. If this subscription is rejected by the Company,
then this Subscription Agreement shall be null and void and of no further force
and effect, no party shall have any rights against any other party hereunder,
and the Company shall promptly return to me the funds delivered with this
Subscription Agreement.

7. Miscellaneous.

(a)
This Subscription Agreement shall be governed by and construed in accordance
with the substantive law of the State of California.

(b)
This Subscription Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and may be amended only in
writing and executed by all parties.

8. Ownership Information. Please print here the total number of Shares to be
purchased, and the exact name(s) in which the Shares will be registered.
 
 
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Total Shares:_________________
 
Name(s):_____________________________________________________________
_____ Single Person
_____ Husband and Wife, as community property
_____ Joint Tenants (with right of survivorship)
_____ Tenants in Common
_____ A Married Person as separate property
_____ Corporation or other organization
_____ A Partnership
_____ Trust
_____ IRA
______________
Purchaser’s Initials

_____ Tax-Qualified Retirement Plan
(i) Trustee(s)/ Custodian____________________________________________________
(ii) Trust Date_____________________________________________________________
(iii) Name of Trust__________________________________________________________
(iv) For the Benefit of________________________________________________________

_____
Other:_________________________________________________________________________
(please explain)

Social Security or Tax
I.D.#:_______________________________________________________________

Residence Address:

__________________________________________________________________________________________
Street Address
__________________________________________________________________________________________
City                 State                     Zip
 
Mailing Address: (Complete only if different from residence)

___________________________________________________________________________________________
Street Address (If P.O. Box, include address for surface delivery if different
than residence)

____________________________________________________________________________________________
City                 State                     Zip

Phone Numbers

Home: (_______)_____________________
Business: (_______)___________________
Facsimile: (_______)___________________

______________
Purchaser’s Initials
 
 
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9. Date and Signatures. Dated ______________________________, 2008.
 

Signatures     Purchaser Name (Print)                       (Each co-owner or
joint owner must sign - “Purchaser Name”)   Names must be signed exactly as
listed under

ACCEPTED:

EMVELCO CORP.

By:
   
Dated:______________________, 2008
YOSSI ATTIA
   
President
   

______________
Purchaser’s Initials
 
 
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EMVELCO CORP.
Investor Suitability Questionnaire

To: Prospective purchasers of Shares of Common Stock (the “Shares”) offered by
EMVELCO CORP. (the “Company”).

The Purpose of this Questionnaire is to solicit certain information regarding
your financial status to determine whether you are an “Accredited Investor,” as
defined under applicable federal and state securities laws, and otherwise meet
the suitability criteria established by the Company for purchasing Shares. This
questionnaire is not an offer to sell securities.

Your answers will be kept as confidential as possible. You agree, however, that
this Questionnaire may be shown to such persons as the Company deems appropriate
to determine your eligibility as an Accredited Investor or to ascertain your
general suitability for investing in the Shares.

Please answer all questions completely and execute the signature page

A. Personal

1. Name:________________________________________________________________________

2. Address of Principal
Residence:____________________________________________________
 
______________________________________________________ County:__________________

3. Residence Telephone: (______)__________________________________

4. Where are you registered to
vote?___________________________________________________

5. Your driver’s license is issued by the following
state:_____________________________________

6. Other Residences or Contacts: Please identify any other state where you own a
 residence, are registered to vote, pay income taxes, hold a driver’s license or
have any  other contacts, and describe your connection with such state:

__________________________________________________________________________________

__________________________________________________________________________________

7. Please send all correspondence to:

(1)_____ Residence Address (as set forth in item A-2)
 
(2)_____ Business Address (as set forth in item B-1)

8. Date of
Birth:___________________________________________________________________________

9.
Citizenship:____________________________________________________________________________
 
 
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10. Social Security or Tax I.D.
#:_______________________________________________________________
 
B. Occupations and Income

1. Occupation:_________________________________________________________

(a) Business Address:______________________________________________
 
_______________________________________________________________

(b) Business Telephone Number: (______)______________________________

2. Gross income during each of the last two years exceeded:

(1)_____$25,000           (2)_____$50,000

(3)_____$100,000         (4)_____$200,000

3. Joint gross income with spouse during each of the last two years exceeded
$300,000

(1)_____Yes             (2)_____No

4. Estimated gross income during current year exceeds:

(1)_____$25,000           (2)_____$50,000

(3)_____$100,000         (4)_____$200,000

5. Estimated joint gross income with spouse during current year exceeds $300,000

(1)_____Yes                  (2)_____No

C. Net Worth

1. Current net worth or joint net worth with spouse (note that “net worth”
includes all of the assets owned by you and your spouse in excess of total
liabilities, including the fair market value, less any mortgage, of your
principal residence.)

(1)_____$50,000-$100,000 (2)_____$100,000-$250,000 (3)_____$250,000-$500,000
 
(4)_____$500,000-$750,000 (5)_____$750,000-$1,000,000 (6)_____over $1,000,000

2. Current value of liquid assets (cash, freely marketable securities, cash
surrender value of life insurance policies, and other items easily convertible
into cash) is sufficient to provide for current needs and possible personal
contingencies:

(1)_____Yes                 (2)_____No
 
 
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D. Affiliation with the Company

Are you a director or executive officer of the Company?

(1)_____Yes                 (2)_____No

E. Investment Percentage of Net Worth

If you expect to invest up to $200,000 in Shares, does your total purchase price
exceed 10% of your net worth at the time of sale, or joint net worth with your
spouse.

(1)_____Yes                 (2)_____No

F. Consistent Investment Strategy

Is this investment consistent with your overall investment strategy?

(1)_____Yes                 (2)_____No

G. Prospective Investor’s Representations

The information contained in this Questionnaire is true and complete, and the
undersigned understands that the Company and its counsel will rely on such
information for the purpose of complying with all applicable securities laws as
discussed above. The undersigned agrees to notify the Company promptly of any
change in the foregoing information which may occur prior to any purchase by the
undersigned of securities from the Company.

Prospective Investor:

 
 
Date:________________, 2008
Signature
               
 
   
Signature (of joint purchase if purchase is to be
 
made as joint tenants or as tenants in common)
 

 
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