Document:

Exhibit 4.14

Exhibit 4.14

DORATO RESOURCES INC.

2007 STOCK OPTION PLAN

Dated for Reference June 26th, 2007

PART I - DEFINITIONS AND INTERPRETATION

Definitions

1.1

In this Stock Option Plan:

(a)

"Accelerated Vesting Event" means the occurrence of any one of

(i)

a take-over bid as defined in the Securities Act (British Columbia) is made for Common Shares or Convertible Securities which, if successful would result (assuming the conversion, exchange or exercise of the Convertible Securities, if any, that are the subject of the take-over bid) in any person or persons acting jointly or in concert (as such phrase is defined in the Securities Act (British Columbia)) or persons associated or affiliated with such person or persons within the meaning of the Business Corporations Act (British Columbia) beneficially, directly or indirectly, owning shares that would, notwithstanding any agreement to the contrary, entitle the holders thereof for the first time to cast at least three-quarters of the votes attaching to all shares in the capital of the Corporation that may be cast to elect Directors,

(ii)

the acquisition or continuing ownership by any person or persons acting jointly or in concert (as such phrase is defined in the Securities Act (British Columbia), directly or indirectly, of Common Shares or of Convertible Securities, which, when added to all other securities of the Corporation at the time held by such person or persons, or persons associated or affiliated with such person or persons within the meaning of the Business Corporations Act (British Columbia) (collectively, the "Acquirors"), and assuming the conversion, exchange or exercise of Convertible Securities beneficially owned by the Acquirors, results in the Acquirors beneficially owning shares that would, notwithstanding any agreement to the contrary, entitle the holders thereof for the first time to cast at least three-quarters of the votes attaching to all shares in the capital of the Corporation that maybe cast to elect Directors,

(iii)

the sale, lease, exchange or other disposition of all or substantially all of the Corporation's assets, or

(iv)

an amalgamation, merger, arrangement or other business combination (a "Business Combination") involving the Corporation that results in the securityholders of the parties to the Business Combination other than the Corporation owning, directly or indirectly, shares of the continuing entity that entitle the holders thereof to cast at least three-quarters of the votes attaching to all shares in the capital of the continuing entity that may be cast to elect Directors;

(b)

"Associate" has the meaning ascribed thereto in the Securities Act (British Columbia);

(c)

"Board" means the board of directors of the Corporation;

(d)

"Common Shares" means the common shares without par value in the capital of the Corporation;

(e)

“Consultant” means, in relation to the Corporation, an individual or a consultant Corporation, other than an Employee or a Director, that:

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(i) 

is engaged to provide on a ongoing bona fide basis, consulting, technical, management or other services to the Corporation or to an Affiliate (as defined in the policies of the Exchange) of the Corporation,

(ii) 

provides the services under a written contract between the Issuer or the Affiliate and the individual or a Consultant Corporation;

(iii) 

in the reasonable opinion of the Corporation, spends or will spend a significant amount of time and attention on the affairs and business of the Corporation or an Affiliate of the Issuer; and

(iv) 

has a relationship with the Corporation or an Affiliate of the Corporation that enables the individual to be knowledgeable about the business and affairs of the Corporation.

(f)

"Convertible Securities" means securities convertible into, exchangeable for or representing the right to acquire Common Shares;

(g)

"Corporation" means Dorato Resources Inc.;

(h)

"Director" means a director of the Corporation;

(i)

"Effective Date" of an Option means the date on which the Option is granted, whether or not the grant is subject to any Regulatory Approval;

(j)

"Employee" means:   

(i)

an individual who is considered an employee of the Corporation or its subsidiary, if applicable, under the Income Tax Act (Canada) (i.e. for whom income tax, employment insurance and CPP deductions must be made at source),

(ii)

an individual who works full- time for the Corporation or its subsidiary, if applicable, providing services normally provided by an employee and who is subject to the same control and direction by the Corporation over the details and methods of work as an employee of the Corporation, but for whom income tax deductions are not made at source, or

(iii) 

an individual who works for the Corporation or its subsidiary, if applicable, on a continuing and regular basis for a minimum amount of time per week determined by the Corporation providing services normally provided by an employee and who is subject to the same control and direction by the Corporation over the details and methods of work as an employee of the Corporation, but for whom income tax deductions are not made at source;

(k)

“Exchange” means the TSX Venture Exchange;

(l)

"Expiry Date" of an Option means the day on which an Option lapses;

(m)

"Insider" means

(i)

an insider of the Corporation as defined in the Securities Act (British Columbia), other than a person who is an insider solely by virtue of being a director or senior officer of a Subsidiary, and

(ii)

an Associate of a person who is an Insider by virtue of §(i);

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(n)

“Investor Relations Activities” means any activities, by or on behalf of the Corporation that promote or reasonably could be expected to promote the purchase or sale of securities of the Corporation, but does not include:

(i) 

the dissemination of information provided, or records prepared, in the ordinary course of business of the Corporation

(A)

to promote the sale of products or services of the Corporation, or

(B)

to raise public awareness of the Corporation, that cannot reasonably be considered to promote the purchase or sale of securities of the Corporation;

(ii) 

activities or communications necessary to comply with the requirements of 

(A)

applicable securities laws,

(B)

the requirements of the Exchange or the by- laws, rules or other regulatory instruments of any other self regulatory body or exchange having jurisdiction over the Corporation;

(iii) 

communications by a publisher of, or writer for, a newspaper, magazine or business or financial publication, that is of general and regular paid circulation, distributed only to subscribers to it for value or to purchasers of it, if

(A) 

the communication is only through the newspaper, magazine or publication, and

(B) 

the publisher or writer receives no commission or other consideration other than for acting in the capacity of publisher or writer; or

(iv) 

activities or communications that may be otherwise specified by the Exchange.

(j)

"Market Price" of Shares at any Grant Date means the last closing price per Share preceding the Corporation's announcement of the grant of the Option or, if the grant is not announced, on the trading day immediately preceding the Grant Date, or if the Shares are not listed on any stock exchange, "Market Price" of Shares means the price per Share on the over-the-counter market determined by dividing the aggregate sale price of the Shares sold by the total number of such Shares so sold on the applicable market for the last day prior to the Grant Date.

(k)

"Officer" means an individual who is an officer of the Corporation;

(l)

"Option" means a right to purchase Common Shares granted under this Stock Option Plan to a Director, Officer or Employee;

(m)

"Outstanding Issue" means the number of Common Shares outstanding on a non-diluted basis;

(n)

"Option Commitment" means the notice of grant of an Option delivered by the Corporation to an Optionee and substantially in the form of the Schedule “A” attached hereto

(o)

"Optioned Shares" means Common Shares subject to an Option;

(p)

"Optionee" means an individual to whom an Option is granted by the Corporation under this Stock Option Plan;

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(q)

"Regulatory Approval" means the approval of the TSX Venture Exchange and every other stock exchange or securities regulatory agency whose approval is required in the circumstances;

(r)

"Retired" means

(i)

with respect to an Officer or Employee, the retirement of the Officer or Employee within the meaning of the Canada Pension Plan, after attainment of age 65, and

(ii)

with respect to a Director, cessation of office as a Director, other than by reason of death, after attainment of age 70;

(s)

"Share Compensation Arrangement" means any stock option, stock option plan, employee stock purchase plan, share distribution plan or any other compensation or incentive mechanism involving the issuance or potential issuance of shares to any Director, Officer or Employee, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guaranty or otherwise;

(t)

"Stock Option Plan" means this 2007 Stock Option Plan;

(u)

"Subscription Price" means the amount payable on an exercise of an Option;

(v)

"Subsidiary" means a subsidiary as determined under the Business Corporations  Act (British Columbia);

(w)

"Totally Disabled", with respect to an Employee or Officer, means that, solely because of disease or injury the Employee or Officer is deemed by a qualified physician selected by the Corporation to be unable to work at any occupation which the Employee or Officer is reasonably qualified to perform and, with respect to a Director, means that, solely because of disease or injury, the Director is deemed by a qualified physician selected by the Corporation to be unable to carry out his or her responsibilities on the Board;

(x)

reference to a statute includes all regulations made thereunder, all amendments to the statute or regulations in force from time to time, and any statute or regulation that supplements or supersedes such statute or regulations; and

(y)

the words "the last day on which the Officer or Employee worked for the Corporation or a Subsidiary of the Corporation" means, with respect to an Officer or Employee whose employment has been terminated by the Corporation or a Subsidiary of the Corporation

(i)

other than for cause, either

(A)

the day specified by the Corporation or such Subsidiary in writing to the Officer or Employee as being the last day on which the Officer or Employee is to work for the Corporation or a Subsidiary of the Corporation, or

(B)

if such Officer or Employee is given pay in lieu of advance notice of a pending effective date of termination, the day on which such notice of termination is given in writing by the Corporation or such Subsidiary to the Officer or Employee, and

(ii)

for cause, the day on which the notice of termination was given.

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PART 2 - STOCK OPTION PLAN

Purpose of Stock Option Plan

2.1

The purpose of this Stock Option Plan is to recognize contributions made by Directors, Officers and Employees and to provide for an incentive for their continuing relationship with the Corporation and its Subsidiaries.

Eligibility

2.2

Options to purchase unissued Common Shares may be granted from time to time under this Stock Option Plan by the Board, on the recommendation of the Chief Executive Officer of the Corporation, to Directors, Officers and Employees.

Incorporation of Terms of Stock Option Plan

2.3

Subject to specific variations approved by the Board, all terms and conditions set out herein will be deemed to be incorporated into and form part of each Option granted under this Stock Option Plan.

Maximum Shares to be Allotted

2.4

The maximum aggregate number of Common Shares that may be allotted for issuance under this Stock Option Plan, shall not exceed 10% of the number of issued shares of the Corporation at the time of granting of options under this Stock Option Plan.  

PART 3 - TERMS AND CONDITIONS OF OPTIONS

Subscription Price

3.1

The Subscription Price per Common Share to be acquired on the exercise of an Option will be the Discounted Market Price per share for the Common Shares on the TSX Venture Exchange on the last trading day on such exchange before the Effective Date of the Option.

Term of Options

3.2

The term of an Option will be such period after the Effective Date thereof, not exceeding 5 years, as the Board determines at the time of granting of the Option.

Vesting Schedule for Options Granted to Consultants or Consultant Companies Conducting Investor Relations Activities 

3.3

An Option granted to a Consultant or Consultant Corporation conducting Investor Relations Activities will become vested with the right to exercise 1/4 of the Option upon the conclusion of every 3 months subsequent to the date of granting of the Option, such that such Optionee will be vested with the right to exercise 100% of the Option upon the conclusion of 12 months from the date of granting of the Option.  By way of example, in the event that such Optionee did not exercise 1/4 of the Option at the conclusion of 3 months from the date of granting, such Optionee would be entitled to exercise 1/2 of the Option upon the conclusion of 6 months from the date of granting.

Provided, however, that notwithstanding any vesting schedule specified in respect of any particular option, Options shall become fully vested, and each Optionee shall be entitled to exercise his or her option in respect of the full number of Optioned Shares, upon the occurrence of an Acceleration Event, subject to review and acceptance of the Acceleration Event by the Exchange.  

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Variation of Vesting Periods

3.4

If the Board determines with respect to an Optionee that it is desirable to alter the vesting periods of any particular Option, it may fix the vesting of that Option before or after its grant in such manner as it determines in its discretion, subject to the policies of the Exchange.

3.5

If there occurs an Accelerated Vesting Event each Option held by an Optionee may be exercised by the Optionee at any time or from time to time on or before the Expiry Date of the Option, subject to the approval of the Exchange; provided that with respect to an Option held by an Officer or Employee the Accelerated Vesting Event must have occurred on or before the last day on which the Officer or Employee worked for the Corporation or a Subsidiary of the Corporation.

Limitation on Right to Exercise

3.6

No Option may be exercised after

(a)

the time at which the Optionee ceases to be a Director, or

(b)

in the case of an Officer or Employee, 5:00 p.m. Pacific Standard Time on the last day on which the Officer or Employee worked for the Corporation or a Subsidiary of the Corporation

(each of §(a) and (b) being the "particular time"), except as follows:

(i)

an Option that would otherwise so cease to be exercisable by reason of the death of the Optionee at the particular time may be exercised by the personal representatives of the Optionee, from time to time no later than the earlier of the Expiry Date of the Option and one year after the particular time, as to a total number of shares not exceeding the number of vested shares as to which the Optionee did not exercise the Option before the particular time, including shares as to which pursuant to §3.3 or §3.4 the Optionee was at the particular time not yet entitled to exercise the Option.  Any unvested Options shall be cancelled upon termination of the Option;

(ii)

an Option that would otherwise so cease to be exercisable by reason that the particular time is the effective time that the Optionee has Retired or become Totally Disabled may be exercised by the Optionee, from time to time no later than the earlier of the Expiry Date of the Option and ninety days after the particular time, or, if the Optionee is engaged in Investor Relations Activities, then thirty days after the particular time, as to a total number of shares not exceeding the number of vested shares as to which the Optionee did not exercise the Option before the particular time, including shares as to which pursuant to §3.3 or §3.4 the Optionee was at the particular time not yet entitled to exercise the Option.  Any unvested Options shall be cancelled upon termination of the Option;

(iii)

an Option that would otherwise so cease to be exercisable by reason that in circumstances in which neither §(i) nor §(ii) applies,

(A)

the particular time is the effective time that the Optionee ceases to be a Director, or

(B)

the particular time

(I)

is 5:00 p.m. Pacific Standard Time on the last day on which the Officer or Employee worked for the Corporation or a Subsidiary of the Corporation, except where the office or employment was terminated for cause, and

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(II)

is not a time immediately before which the office might have been terminated by the Corporation or a Subsidiary of the Corporation, or the employment terminated by the Corporation or a Subsidiary of the Corporation, for cause,

may be exercised by the Optionee or, if the Optionee dies after the particular time, the personal representatives of the Optionee, from time to time no later than 5:00 p.m. Pacific Standard Time on the earlier of the Expiry Date of the Option and the day that is 30 days after the particular time, as to a total number of shares not exceeding the number of shares as to which the Optionee was entitled to and did not exercise the Option immediately before the particular time.

Non-Assignability

3.7

Except as provided in §3.6 or as permitted by applicable regulatory authorities in connection with a transfer to a registered retirement savings plan or registered retirement income fund established by or for the Optionee or under which the Optionee is the beneficiary, an Option may be exercised only by the Optionee to whom it is granted and will not be assignable.

Adjustment

3.8

The number of Common Shares subject to an Option and the price per share payable on exercise of an Option will be subject to adjustment in the events and in the manner following:

(a)

if the Common Shares are subdivided or consolidated after the Effective Date of an Option, or the Corporation pays to holders of Common Shares of record as of' a date after the Effective Date of an Option a dividend payable in Common Shares,

(i)

the number of Common Shares which would be acquired on any exercise of the Option thereafter will be adjusted to the number of such shares that the Optionee would hold through the combined effect of such exercise and such subdivision, consolidation or stock dividend if the time of the subdivision or consolidation or the record date of such stock dividend had been immediately after the exercise,

(ii)

the price per share payable on such an exercise of such an Option will be adjusted in inverse proportion to the adjustment under §(i) in the number of shares that may be acquired or such exercise,

and the number of such shares referred to in §2.4 and §5.4(c) and considered as previously allotted for the purposes of applying §2.4 and §5.4(c) will be correspondingly adjusted;

(b)

if there is any capital reorganization, reclassification or other change or event affecting the Common Shares to which §(a) does not apply, the Board will determine whether in the circumstances it is just and equitable that there be some alteration in the securities or other consideration to be acquired by Optionees on the exercise of Options then outstanding and will make such amendments to the Stock Option Plan as the Board considers appropriate in the circumstances to ensure a just and equitable result;

(c)

the Corporation will not be required to issue any fractional share in satisfaction of its obligations hereunder or make any payment in lieu thereof

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Disputes

3.9

If any question arises at any time with respect to the Subscription Price or number of Optioned Shares deliverable upon exercise of an Option in any of the events set out in §3~8, such question will be conclusively determined by the Corporation's auditors, or, if the auditors decline to so act, any other firm of chartered accountants in Vancouver, British Columbia that the Corporation may designate, and such auditors or other firm will have access to all appropriate records and its determination will be binding upon the Corporation and each Optionee.

PART 4 - PROCEDURE

Option Commitment

4.1

Upon the granting of an Option hereunder the Chief Executive Officer of the Corporation will deliver to the Optionee an Option Commitment detailing the terms of the Option and upon such delivery the Optionee will be a participant in this Stock Option Plan and have the right to purchase the Optioned Shares at the Subscription Price set out therein, subject to the terms of this Stock Option Plan.

4.2

Upon the occurrence of an event to which §3.8 applies, the Chief Executive Officer of the Corporation may, and if so directed by the Board will, deliver to any Optionee with respect to any Option a revised Option Commitment, identified as such, with respect to shares as to which the Option has not been exercised, reflecting the application of §3.8 by reason of that event.

Manner of Exercise

4.3

An Optionee being entitled to and wishing to exercise an Option may do so only by delivering to the Corporation at its head office

(a)

a written notice addressed to the Corporation specifying the number of Optioned Shares being acquired pursuant to the Option, and

(b)

a certified cheque or bank draft payable to the Corporation for the aggregate Subscription Price for the Optioned Shares being acquired.

Share Certificates

4.4

Upon an exercise of an Option the Corporation will direct its transfer agent to issue a share certificate to an Optionee for the appropriate number of Optioned Shares not later than five days thereafter.

PART 5 - GENERAL PROVISIONS

Effective Date of Plan

5.1

This Stock Option Plan will become effective on the receipt of both Regulatory Approval and shareholder approval.

Administration

5.2

Subject to such limitations as may from time to time be imposed by the Board, the Chief Executive Officer will be responsible for the general administration of this Stock Option Plan, the proper execution of its provisions, the interpretation of this Stock Option Plan and the determination of all questions arising pursuant to this Stock Option Plan, and without limiting the generality of the foregoing, the Chief Executive Officer will have the power to grant Options pursuant to this Stock Option Plan and allot Common Shares for issuance on the exercise of Options.

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Limitations on Issue

5.3

The number of Common Shares reserved for issue to any person in any twelve month period under this Stock Option Plan may not exceed 5% of the Outstanding Issue.

5.4

Under this Stock Option Plan and any other Share Compensation Arrangement, the number of Common Shares that may be

(a)

reserved for issuance to Insiders of the Corporation may not exceed 10% of the number of issued shares of the Corporation at the time of granting of options under this Stock Option Plan;  

(b)

issued to any one Director or Employee, within any 12 month year period may not exceed 5% of the Outstanding Issue at the time of granting; 

(c)

issued to any one Insider and his or her Associates within any 12 month period, may not exceed 5% of the Outstanding Issue at that time.

(d)

issued to any one Consultant within any 12 month period may not exceed 2% of the Outstanding Issue at the time of granting;

(e)

issued to an Employee, Consultant or Director conducting Investor Relations Activities within any 12 month period may not exceed 2% of the Outstanding Issue at the time of granting;

Amendment

5.5

Subject to Regulatory Approval, the Board may amend, suspend, terminate or discontinue this Stock Option Plan, or revoke or alter any action taken pursuant to this Stock Option Plan, except that no amendment, suspension, termination or discontinuance of this Stock Option Plan will alter or impair any Option without the written consent of the Optionee.

Governing Law

5.6

This Stock Option Plan will be construed in accordance with and the rights of the Corporation and each Optionee will be governed by the laws of British Columbia and the laws of Canada applicable therein.

Notice

5.7

Each notice, demand or communication required or permitted to be given under this Stock Option Plan will be in writing and will be delivered to the person to whom it is addressed, and the date of delivery of such notice, demand or communication will be the date of receipt by the addressee.

Employment

5.8

Nothing contained in this Stock Option Plan will confer upon any Optionee or Employee any right with respect to employment or continuance of employment with the Corporation or a Subsidiary, or interfere in any way with the right of the Corporation or a Subsidiary to terminate the Optionee's or Employee's employment at any time. Participation in this Stock Option Plan by an Optionee or Employee will be voluntary.

10

No Representation or Warranty

5.9

The Corporation makes no representation or warranty as to the future market value of Common Shares issued in accordance with the provisions of this Stock Option Plan. Notwithstanding any other provision of this Stock Option Plan, the Corporation has no obligation to issue or deliver any Common Shares under this Stock Option Plan or to make any other distribution of benefits hereunder unless such issuance, delivery or distribution would comply with all applicable laws and the applicable requirements of any securities exchange or similar entity.

Price Amendment

5.10

Subject to §3.8, the terms of an Option that has been issued will not, after the issue of the Option, be amended except in compliance with the applicable policies of the Exchange.

5.11

Disinterested shareholder approval is required if the Subscription Price of an Option granted to an Insider is to be reduced. 

Approved by the Board of Directors 

of DORATO RESOURCES INC.

on June 26th, 2007. 

11

SCHEDULE “A”

DORATO RESOURCES INC.

2007 STOCK OPTION PLAN

OPTION COMMITMENT

____________, 20___

Notice is hereby given that, effective _____________________ 20__ (the "Effective Date") Dorato Resources Inc. (the "Corporation"), pursuant to the Corporation's 2007 Stock Option Plan (the "Plan"), as it may have been amended to the Effective Date, granted to ________________________ (the "Optionee"), an Option (the "Option") to acquire up to _____________________ Common shares in the capital of the Corporation (the "Optioned Shares") on or before ______________, 20___ at a Subscription Price of Cdn. $______________ per share.

The grant of the Option is made on and subject to the vesting provisions and other terms and conditions of the Plan, which are incorporated by reference herein.  In addition, pursuant to the policies of the TSX Venture Exchange, any Optioned Shares acquired within four months of the date of this commitment form may not be traded until such four-month period has expired and a legend to that effect will be placed on any share certificate issued. The number of Optioned Shares will be adjusted if and to the extent required in accordance with Section 3.8 of the Plan.

To exercise the Option, the Optionee must deliver to the Corporation at its head office a written notice addressed to the Corporation specifying the number of Optioned Shares that the Optionee wishes to acquire, together with a certified cheque or bank draft payable to the Corporation for the aggregate Subscription Price for such shares. A share certificate evidencing the Optioned Shares thereby acquired will be issued to the Optionee by the Corporation's transfer agent in accordance with the Plan.

DORATO RESOURCES INC.

By

___________________________

______________________________

Chief Executive Officerex4-1.htm

Exhibit 4.1

    SUBSCRIPTION
AGREEMENT

    FOR
COMMON STOCK OF

    VEMICS,
INC.

    

    THIS
SUBSCRIPTION AGREEMENT (the "Subscription Agreement") is made and entered into
as of the 24th day of July 2008, between Vemics, Inc., a Nevada corporation (the
'Company") and the undersigned purchaser (the "Investor") (the "Investor,"
together with the "Company," are each referred to as a "Party" and collectively
the "Parties").

    

    WHEREAS,
the Investor desires to subscribe for and purchase from the Company that number
of shares of the Company's common stock, par value $0.001 per share (the "Common
Stock") set forth on Purchaser's signature page hereto (the "Investor Shares")
at a price per share of $0.12, and associated warrants to purchase Common Stock
for a number of shares calculated by multiplying the aggregate number of
Investor Shares by thirty percent (30%) with an exercise price $0.04 per share
(the "Warrants"). A form of the warrant is attached hereto as Appendix A (the
Investor Shares Warrant are referred to collectively as, the "Securities"), on
the terms and subject to the conditions set forth herein. These warrants are
exercisable for (5) Five years from the date of issuance which is concurrent
with the signing of this document.

    

    NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained in
this Subscription Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be
legally bound, the parties hereto agree as follows:

    

    1.
Offering; Subscription: Payment.

    

    (a) The
solicitation of this Subscription Agreement and the offer and sale of the
Securities are being made by the Company in reliance upon the provisions of
Regulation D promulgated by the Securities and Exchange Commission ("SEC") under
the Securities Act of 1933 (the "Securities Act") and the Company is relying on
the representations and warranties of the Investor contained herein to ensure
compliance with exemption from registration of the Securities under Regulation D
of the Securities Act (the "Offering"). Pursuant to the terms of this
Subscription Agreement, the Investor hereby subscribes for and agrees to
purchase the Securities. This offer will expire at noon on July 31, 2008, and
cannot be combined with any previous offer (the "Termination
Date").

    

    (b)
Investor represents and warrants to the Company that Investor has read in its
entirety this Subscription Agreement and each of the following documents in the
offering package that this Subscription Agreement is a part of: (i) the
Registration Statement on Form 10- SB originally filed with the Securities and
Exchange Commission ('"SEC") on August 13,2007, refiled on February 1, 2008,
including the risk factors contained therein, as amended thereafter; and (ii)
the financial statements of the Company as of and for the fiscal year ended June
30,2007 and the interim period ended March 30, 2008 (together, including this
Subscription Agreement and all attachments hereto, the "Company
Materials").

    

    (c)
Subject to the terms d conditions herein set forth, the Investor hereby
irrevocably subscribes for the Investor Shares and the Warrants. The Investor
acknowledges that this subscription shall not be effective unless and until
accepted by the Company.

    

    (d) The
Investor shall be entitled to the following anti-dilution protection relating to
the Investor Shares until the earlier of: (i) the consummation of (i) a merger
or consolidation of the Company with another corporation where the shareholders
of the Company, immediately prior to the merger or consolidation, will not
beneficially own, immediately after the merger or consolidation, shares
entitling such shareholders to more than 51% of all votes to which all
shareholders of the surviving corporation would be entitled in the election of
directors (without consideration of the rights of any class of stock to elect
directors by a separate class vote), (ii) a sale or other disposition of all or
substantially all of the assets of the Company, or (iii) a debt or equity raise
in or more series of transactions of at least $3 million (the "Expiration
Date"):

    

    If, after
the issuance of the Investor Shares to the Investor pursuant to this Offering,
and prior to the Expiration Date, the Company shall consummate an offering for
cash of shares of Common Stock, securities substantially equivalent to the
Investor Shares, or securities convertible into the shares of Common Stock
(excluding, for this purpose, (i) securities issued to employees or directors
of, or consultants or advisors to, the Company or any of its subsidiaries
pursuant to a plan, agreement or arrangement approved by the Board of Directors
of the Corporation, (ii) shares of common stock issued upon conversion of a
convertible security for which an adjustment had already been made hereunder
upon the initial issuance of the convertible security, and (iii) such other
issuances mutually agreed upon by the Company and the Investor), for no
consideration or at a price per share less than $0.12 (a "Dilutive Issuance"),
then the Company shall be obligated to issue and deliver to the Investor, for no
additional consideration, that number of shares equal to the difference between
(i) the number of shares determined by dividing the aggregate dollar amount paid
by Investor for the Investor Shares by the Broad-Based Weighted Average Price
(as defined herein), less (ii) the number of Investor Shares purchased hereunder
prior to the Dilutive Issuance.

    

    The
Broad-Based Weighted Average Price shall be calculated as follows:

    

    P(A) + B
+ (A + C) = Broad Based Weighted Average Price

    

    For
purposes of the foregoing formula, the following definitions shall
apply:

    

    (a) "P"
shall mean, as of the date hereof, the current price per Share (or,
$0.12);

    

    (b) "A"
shall mean the total number of shares of Common Stock outstanding prior to the
Dilutive Issuance, on a fully diluted basis;

    

    (c) "B''
shall mean the aggregate dollar value of the new consideration received by the
Company pursuant to the Dilutive Issuance; and

    

    (d) "C"
shall mean the number of new shares of Common Stock issued pursuant to the
Dilutive Issuance.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    For
example, if the total number of shares of Common Stock outstanding prior to the
Dilutive Issuance, on a fully diluted basis, is 80,000,000 and the Company
subsequently E an offering of 10,000,000 shares of Common Stock at a price of
$.07 per share, the Broad-Based Weighted Average Price would be $0.1144 (i.e.,
$1 0,300,000, divided by 90,000,000).

    

    If the
Investor purchased 13,333,333 Investor Shares in this Offering for a total
purchase price of $1,600,000 at $0.12 per Share, the number of Investor Shares
that the Investor would have owned if he invested $1,600,000 at the Broad-Based
Weighted Average Price of $0.1144 would equal 13,986,013 total Investor Shares
and, therefore, the Company would be obliged to issue an additional 652,680
shares to the Investor.

    

    To the
extent that the Company engages in more than one Dilutive Issuance, the
foregoing calculation shall be applied in a manner designed to provide the
Investor with the same anti-dilution protection reflected in the
foregoing.

    

    (e)
Subject to the terms and conditions of this Subscription Agreement and
applicable law, the Investor further agrees to help the Company identify
prospective institutional investors to make investments in Company. If a
prospective institutional investor consummates an investment of $10 million or
more in the Company during the twelve months following the date of this
Agreement, the Company agrees to issue an additional five-year Warrant (in the
form attached hereto) to purchase 2,100,000 shares of Common Stock with an
exercise price of $0.04 per share. Notwithstanding anything else to the contrary
set forth herein, the following entities/persons shall not be considered
prospective institutional investors for which the Investor shall be entitled to
consideration hereunder: (i) any current investor in the Company or any
affiliate of a current investor; (ii) any current affiliate of the Company or
affiliate of a current contact of the Company; (iii) ,any party with which the
Company, the Company's directors or officers, or any investor in the Company has
a pre-existing relationship. In regards to the foregoing, the parties hereto
acknowledge that

    

    (i) The
Investor is not registered as, and in connection with its assistance to the
Company under Section l(e) above, shall not act, either directly or indirectly,
as a broker, dealer, agent or investment advisor under applicable federal or
state securities laws,

    

    (ii) In
performing the services contemplated hereunder relating to referring potential
investors, the Investor's responsibilities shall be limited to introducing
potential investors to the Company, and the Investor shall not use any general
solicitation or general advertising within the meaning of the applicable
securities laws in connection with any offering of securities by
Company.

    

    (iii) The
Investor agrees to introduce the Company to potential investors only in states
in which the Investor has been advised that offers and sales of securities can
be legally made by Company.

    

    (iv) The
Investor shall have no authority to, and shall not, (i) offer for sale or
solicit offers to buy any securities of the Company to or from any person, (ii)
provide any advisory or valuation services to any person regarding any
securities offerings or the merits or risks of an investment in any such
securities, (iii) provide any information to any person, other than such
information to introduce such person to the Company, regarding the Company, its
proposed business or any such securities or offerings, (iv) make any
representations or warranties in connection with any such offerings, or (v)
otherwise effect any transactions with respect to, or induce or attempt to
induce the purchase or sale of, any such securities.

    

    (f) The
Securities subscribed for hereby shall not be deemed owned by the Investor, nor
shall the Investor be deemed a holder of securities of the Company, until this
subscription has been accepted by the Company, the aggregate purchase price for
the Securities subscribed for has been received by the Company, and a closing
has occurred. The Investor understands and agrees that the Company reserves the
right to reject this subscription for the Securities in whole or in part, in its
sole discretion, at any time prior to the issuance of the
Securities.

    

    (g) In
the event of rejection of this subscription in its entirety, or in the event the
sale of the Securities (or any portion thereof) is not consummated for any
reason, this Subscription Agreement shall have no force or effect, except for
Section 9(s) hereof, which shall remain in force and effect.

    

    (h)
Immediately following notice of acceptance of this Subscription by the Company,
the Investor agrees to deliver to the Company by wire transfer or immediately
available funds to an account designated by the Company, the aggregate purchase
price for the Securities in the dollar amount set forth on Investor's signature
page hereto (or the portion thereof for which the Company accepted a
subscription).

    

    (i) The
Company will issue the Securities in the name of the Investor upon the Company's
acceptance of this Subscription Agreement and receipt of full payment of the
aggregate purchase price at the closing of the offering. 

     

    (j)
Fractional shares shall not be issued but shall be rounded up or down to the id
nearest whole share.

    

    (k)
Contemporaneous to the Company's acceptance of this Subscription Agreement, the
members of the Company's Board of Directors intend to appoint the Investor's
designee, Dr. James Desnick, to the Board of Directors. As of today, Desnick is
now a Board member.

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Representations and
Warranties of the Company. The Company hereby represents and warrants the
Investor as follows:

    

    (a) Organization. The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Nevada. The Company has full corporate power and
authority to enter into this Subscription Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby.

    

    (b) Authority. The
execution and delivery of this Subscription Agreement by the Company, and the
performance by the Company of its obligations hereunder, have been duly
authorized by all necessary corporate action by the Company. This Subscription
Agreement has been duly and validly executed and delivered by the Company and
constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms. The Securities. The Securities
when issued and delivered to the Investor pursuant Agreement will be duly and
validly issued, fully paid and nonassessable.

    

    3. Representations and Warranties of the
Investor. The Investor hereby represents and warrants to the Company as
follows:

    

    (a)
Authority.

    

    (i) Natural Person. If
the Investor is a natural person, the Investor represents that he or she has the
requisite capacity to execute and deliver this Subscription Agreement, to
perform his or her obligations hereunder and to consummate the transactions
contemplated hereby. This Subscription Agreement has been duly and validly
executed and delivered by the Investor and constitutes the legal, valid and
binding obligation of the Investor, enforceable against the Investor in
accordance with its terms.

    

    (ii)
Entity. If the
Investor is not a natural person, the Investor hereby represents and warrants
that (A) the Investor is duly organized and validly existing, and has the power,
authority and capacity to enter into this Subscription Agreement and to
consummate the transactions contemplated hereby; (B) all necessary actions have
been taken, and all necessary approvals and consents have been given, to
authorize the execution, delivery and performance of this Subscription Agreement
by the Investor; (C) this Subscription Agreement has been duly executed and
delivered by the Investor and constitutes the valid and legally binding
obligation of the Investor, fully enforceable against the Investor in accordance
with its terms; and (D) the execution and delivery of this Subscription
Agreement by the Investor, and the Investor's performance of its obligations
hereunder, will not conflict with the charter, bylaws, trust agreement or other
organizational document(s) of the Investor.

    

    (b) No Violation. The
execution and delivery by the Investor of this Subscription Agreement does not,
and the performance by the Investor of his obligations under this Subscription
Agreement and the consummation of the transactions contemplated hereby will not,
conflict with, result in any violation of or default under, result in any person
or entity having the right to terminate or modify, or require consent under (i)
any note, bond, mortgage, license, lease, contract, commitment, agreement or
arrangement to which the Investor is a Party or by which any of his properties
or assets are bound or (ii) any judgment, decree or order, or statute, law,
ordinance, regulation or rule, applicable to the Investor or to any of the
property or assets of the Investor. No consent, approval, license, permit, order
or authorization of, or registration, declaration or filing with, any court,
administrative agency or commission or other governmental authority or
instrumentality, domestic or foreign, is required to be obtained or made by the
Investor in connection with the execution and delivery of this Subscription
Agreement or the consummation of the transactions contemplated
hereby.

    

    4. Investment Remesentation of
the Investor.

    

    (a) The
Investor has received and carefully read the Company Materials. The Investor has
based the decision to invest on the information contained in such Company
Materials, and has not otherwise relied upon any other offering literature or
prospectus. The Investor acknowledges that the Investor has read, understood and
is familiar with the Risk Factors made part of the Company Materials, is
familiar of risks attending investments of this L/ J type, and has determined
that a purchase of Securities is consistent with Investor's investment
objectives.

    

    (b) The
Investor acknowledges that the Investor has been given the opportunity to ask
questions of, and receive answers from, representatives of the Company regarding
the business and current plans of the Company and the offering of the Securities
and has been given the opportunity to inspect such documents and obtain any
additional information as the Investor has requested so as more fully to
understand the nature of the investment and to verify the accuracy of the
information supplied to the Investor. The Investor acknowledges that, except as
set forth herein, no representations or warranties have been made to Investor,
or to Investor's advisors or representatives, by the Company or others with
respect to the business of the Company and its financial condition.

    

    (c) The
Investor, if an individual, is at least 21 years of age. The Investor maintains
his or her domicile (if an individual) or its principal offices (if not an
individual) at the address shown on the signature page of this Subscription
Agreement.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (d) The
Investor can bear the economic risks of this investment and can afford the loss
of Investor's entire investment in the Securities. The Investor has sufficient
liquid assets to pay the purchase price for the Securities subscribed for
hereby, has adequate means of providing for such Investor's current needs and
possible personal contingencies, and has no present or anticipated need for
liquidity of an investment in the Company. The investment of the Investor in the
Company is reasonable in relation to the Investor's net worth and financial
needs.

    

    (e) The
Investor understands that the price per share of Common Stock has been
arbitrarily determined by the Company and that no assurances have been given
about the increase in value, if any, of the Securities.

    

    (f) The
Investor has the requisite knowledge and experience in business and financial
matters to be capable of evaluating the merits and risks of an investment in the
Company and has determined that such an investment is a suitable
investment.

    

    (g) The
Investor understands that the offer and sale of the Securities have not been
passed upon, nor have the merits of this investment been endorsed or approved
by, any state or federal authorities.

    

    (h) The
Investor is investing in the Securities for Investor's own account as principal
for investment and not with a view toward resale, transfer or distribution. The
Investor understands that Investor must bear the economic risk of an investment
in the Securities for an indefinite period. The Investor has been advised and is
aware that: (i) there is a limited public market for the Securities purchased
hereby; (ii) the securities offered hereby have not been registered under the
Securities Act or the securities laws of any state or other jurisdiction, and,
therefore, cannot be sold -- and Investor agrees not to sell or otherwise
dispose of the securities acquired by Investor -- unless such securities are
subsequently registered under the Securities Act and such state securities laws
as are applicable or unless there are available exemptions from such
registration that are supported by an opinion of counsel for Investor, which
opinion is satisfactory to the Company.

    

    (i) The
Investor acknowledges that the Company has the unconditional right to accept or
reject this Subscription Agreement in whole or in part.

    

    (j) The
Investor understands the meaning and legal consequences of the foregoing
representations and warranties. The Investor certifies that each of the
representations and warranties set forth in this Section 4 is true and correct
as of the date hereof and shall survive such date. The Investor hereby agrees
that the certificate representing the Securities issued to him pursuant hereto
may bear the following legend in addition to any other legends as may be agreed
to by him or as may be required by law:

    

    THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED OR APPLICABLE STATE SECURITIES STATUTES AND
REGULATIONS. SUCH SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD,
TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR SUCH SHARES UNDER 'THE SECURITIES ACT OF 1933, AS AMENDED, UNLESS,
IN THE OPINION (WHICH SHALL BE IN FORM AND SUBSTANCE SATISFACTORY TO THE
COMPANY) OF COUNSEL SATISFACTORY TO THE COMPANY, SUCH REGISTRATION IS NOT
REQUIRED. THE HOLDER ALSO ACKNOWLEDGES THAT THE HOLDERS OF PREFERRED STOCK HAVE
SPECIAL RIGHTS, AS DESCRIBED IN THE COMPANY'S RESTATED ARTICLES OF
INCORPORATION.

    

    (l) The
Investor recognizes that the Company is an early stage company with limited
revenues. The Investor is familiar with the business and financial condition,
properties, operations and prospects of the Company. The Investor acknowledges
that it has read, understood and is familiar with the Risk Factors contained in
the Form 10-SB filed with the SEC, as amended, is familiar with the nature of
risks attending investments of this type, and has determined that a purchase of
Securities is consistent with Investor's investment objectives. The Investor is
aware that an investment in the Securities is a speculative investment involving
a high degree of risk, and that there is no guarantee that it will realize any
gain from an investment in the Securities and that it could lose the total value
of its investment.

    

    (m) The
Investor acknowledges that it has never been promised, guaranteed, or warranted
by the Company, its agents, employees, or any other person, expressly or by
implication, any of the following: (i) the approximate or exact length of time
that it will be required to remain as owner of the Company's securities; (ii)
any expected percentage of profit and/or amount of or type of consideration,
profit or loss to be realized, if any, as a result of the investment; and (iii)
any expected amount of percentage of tax deduction or other tax benefit as a
result of the investment.

    

    (n) The
Investor acknowledges that tile investment in this Company was not effected by
any means of general advertising or general solicitation of an investment in the
Company and that such investment is considered a private
transaction.

    

    5. Accredited Investor and
Suitability Information. The Investor is an "accredited investor" as
defined in Rule 501(a) of Regulation D, under the Securities Act. The Investor
represents and warrants that he, she or it has completed the Investor
Questionnaire contained in Appendix B attached hereto, that the information
contained therein is complete and accurate as of the date hereof and that all of
the undersigned's responses to the information requested therein are
incorporated into this Subscription Agreement as representations and warranties
as if fully set forth herein. The undersigned agrees to furnish any additional
information requested to assure compliance with applicable federal and state
securities laws in connection with the purchase and sale of the
Securities.

    

    6. Conditions to the Investor's
Obligations. The obligation of the Investor to purchase the Securities is
subject to the representations and warranties of the Company contained in
Section 2 hereof being true and correct in all material respects as of the
Closing Date as though made as of the Closing Date.

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    7. Conditions to the Company's
Obligations. The obligation of the Company to issue and sell the
Securities is subject to the representations and warranties of the Investor
contained in Sections 3 and 4 hereof being true and correct in all material
respects as of the Closing Date as though made as of the Closing
Date.

    

    8. Registration Rights.
If at any time after the first six months from the date of execution of this
subscription agreement, the Company has a class of securities registered under
the Securities Exchange Act of 1934, as amended, the Company proposes to
register any class of stock, it will notify the Investor, and if so requested by
the Investor, will register as part of such registration the Common Stock and
the shares of Common Stock underlying the associated warrant, as requested. The
Investor may request and participate in piggyback registration of its Common
Stock no more than two times. The Investor's piggyback registration rights
hereunder will rank second to any other piggyback registration rights of the
Company existing on the date hereof, or created after the date hereof. The
Company shall immediately notify the Investor of the effective date of any
registration of Investor's shares of Common Stock acquired hereunder. If, in the
written opinion of any managing underwriter, registration of all or any of the
shares requested would unreasonably adversely affect the market for Company's
shares, the Company and the Investor shall negotiate a resolution in good faith.
These rights are not assignable.

    

    9. Miscellaneous.

    

    (a) Further Documents.
The parties agree to execute any and all such further documents and instruments
and to take any and all such further actions reasonably required to effectuate
this Subscription Agreement and the intent and purposes hereof.

    

    (b) Independent Legal
Advice. Neither the Company Materials nor this Subscription Agreement is
to be construed as personal legal, financial or tax advice. The undersigned is
encouraged to obtain independent legal, financial and tax counsel to advise the
undersigned as to the legal and other consequences of investing in the
Securities.

    

    (c) Binding Effect. This
Subscription Agreement shall be binding upon, and any action for a breach
thereof may be brought against, the parties to this Subscription Agreement and
their respective successors and assigns.

    

    (d) Severability. The
invalidity, illegality or unenforceability of one or more of the provisions of
this Subscription Agreement in shall not affect the validity, legality or
enforceability of the remainder of this Subscription Agreement In such
jurisdiction or the validity, legality or enforceability of this Subscription
Agreement, including any such provision, in any other jurisdiction, it being
intended that all rights and obligations of the parties hereunder shall be
enforceable to the fullest extent permitted by law.

    

    (e) Entire Agreement.
This Subscription Agreement supersedes all prior discussions and agreements
between the parties with respect to the subject matter hereof and contains the
sole and entire agreement between the parties hereto with respect to the subject
matter hereof.

    

    (f) Amendment. This
Subscription Agreement may be amended, supplemented or modified only by a
written instrument duly executed by or on behalf of each Party
hereto.

    

    (g) No Third Party
Beneficiaries. The terms and provisions of this Subscription Agreement
are intended solely for the benefit of each Party hereto and their respective
successors and assigns, and it is not the intention of the parties to confer,
and no provision hereof shall confer, third-party beneficiary rights upon any
other person.

    

    (h) No Transfer. The
Investor may not transfer this Subscription Agreement, or any of the Investor's
rights or obligations under this Subscription Agreement, without the written
consent of the Company.

    

    (i) Survival. This
Subscription Agreement shall survive the death, disability, legal incapacity,
bankruptcy, insolvency, dissolution or cessation of business of the
undersigned.

    

    (j) Headings. The
headings used in this Subscription Agreement have been inserted for convenience
of reference only and do not define or limit the provisions hereof.

    

    (k) Governing Law. This
Subscription Agreement shall be governed by and construed in accordance with the
domestic laws of the State of Nevada, without giving effect to any choice of law
or conflict of law provision or rule (whether of the State of Nevada or any
other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Nevada.

    

    (1) Counterparts. This
Subscription Agreement may be executed in any number of counterparts, each of
which will be deemed an original, but all of which together will constitute one
and the same instrument. (m) Recapitalization or Fundamental Change. If any
recapitalization or other transaction affecting the stock of the Company is
effected, then any new, substituted or additional securities or other property
which is distributed with respect to the Securities shall be immediately subject
to this Subscription Agreement, to the same extent that the Securities,
immediately prior thereto, shall have been covered by this Subscription
Agreement.

    

    (n) Specific Performance.
The parties hereto agree that irreparable damage would occur in the event any
provision of this Subscription Agreement were not performed in accordance with
the terms hereof and that the parties, and any third-party beneficiaries hereof,
shall be entitled to specific performance of the terms hereof, in addition to
any other remedy at law or equity.

    

    (o) Waiver. No failure or
delay by any Party in exercising any right, power or privilege under this
Subscription Agreement shall operate as a waiver thereof nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies herein
provided shall be cumulative and not exclusive of any rights or remedies
provided by law.

    

    (p) Notices. All notices,
requests, claims, demands and other communications given or made pursuant to
this Subscription Agreement shall be in writing and shall be given or made by
delivery in person, by courier service or by telecopy to the respective parties
at the following addresses and facsimile numbers (or at such other address or
facsimile number for a Party as shall be specified in a notice given in
accordance with this Section):

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
(i) if to
the Company:

     

    Vemics,
Inc.

    523
Avalon Gardens Drive

    Nanuet,
New York 10954

    (845)
371-7380

    Attention:
Fred Zola, CEO

    

    With a
copy to:

    

    Shulman,
Rogers, Gandal, Pordy & Ecker, P.A.

    11921
Rockville Pike

    Rockville,
MD 20852

    Fax:
(301) 230-2891

    Attention:
Scott D. Museles

    

    (ii) if
to the Investor:

    

    To the
address set forth on the Investor's signature page hereto.

    

    All such
notices shall be deemed to have been duly given when delivered by hand, if
personally delivered; when receipt is acknowledged, if telecopied; and on the
next Business Day (as hereinafter defined), if timely delivered to an air
courier guaranteeing overnight delivery. A "Business Day" shall mean any day
that is not a Saturday, a Sunday, or any other day on which banks are required
or authorized by law to be closed in the City of Rockville,
Delaware.

    

    (q) Waiver of Jury Trial.
EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE ACTIONS OF EITHER PARTY IN THE NEGOTIATION,
ADMINISTRATION, PERFORMANCE AND ENFORCEMENT THEREOF. EACH OF THE PARTIES HERETO
ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR
THIS WAIVER, BE REQUIRED OF SUCH PARTY. EACH OF THE PARTIES HERETO FURTHER
WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS AND THAT IT
KNOWINGLY -- AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION
WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE
MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY
SUBSEQUENT AMENDMENT, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.
IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO
A TRIAL BY THE COURT.

    

    (r) Confidentiality. The
Investor agrees to maintain the secrecy and confidentiality of any Trade Secrets
and any Confidential Information which is provided to the Investor for purposes
of evaluating its purchase of the Securities. As used herein, "Trade Secrets"
shall include, without limitation, all formulae, patterns, compilations,
programs, devices, methods, techniques, processes and all other information used
in the conduct of the Company's business that would be deemed "trade secrets"
within the meaning of the Uniform Trade Secrets Act. The Investor acknowledges
that the Trade Secrets are of independent economic value to the Company because
they are not generally known and are the subject of efforts by the Company to
maintain their secrecy. As used herein, "Confidential Information" shall mean
any and all technical or business information of the Company furnished or
disclosed, in whatever form or medium, by the Company to the Investor or
discovered by the Investor, including but not limited to computer programs,
source code, object code, reports, documentation, product/service
specifications, marketing plans, financial data and personnel statistics. The
Investor acknowledges that all Trade Secrets, all Confidential Information and
all books, documents, lists and records pertaining to the Company's business
(collectively, the "Records"), whether the Records are written, typed, printed,
contained on microfilm, contained on computer disc, contained on tape or set
forth in some other medium of expression, are the sole and exclusive property of
the Company. The Investor agrees not to (i) divulge, furnish or make accessible
to anyone or in any way use, for the Investor's benefit or for the benefit of
any other person, firm or entity, any Trade Secret or any Confidential
Information; (ii) take or permit any action to be taken which would reduce the
value of the Trade Secrets or the Confidential Information to the Company; or
(iii) otherwise misappropriate or suffer the misappropriation of the Trade
Secrets or the Confidential Information. Notwithstanding anything herein to the
contrary, the obligations of secrecy and confidentiality set forth herein shall
not apply to any information which is now generally publicly known or which
subsequently becomes generally publicly known other than as a direct or indirect
result of the breach of this Subscription Agreement by Investor.

    

    (s) Indemnification. The
Investor hereby agrees to indemnify the Company and its directors, officers,
agents, attorneys and shareholders and hold them harmless from and against any
and all loss, damage, liability or expense (including costs and reasonable
attorney's fees) to which they may be subject or which they may incur by reason
of or in connection with any misrepresentation made by the undersigned, any
breach of any of the undersigned's representations or warranties, or the
undersigned's failure to fulfill any of the undersigned's covenants or
agreements, under this Subscription Agreement, or any other document furnished
by the undersigned. This Subscription Agreement and the representations and
warranties and indemnification contained herein shall be binding upon the
undersigned, the undersigned's heirs, executors, administrators, successors and
assigns, and shall survive the acceptance of this Subscription and the sale of
the securities.

    

    (t) Brokers. Investor has
not entered into any agreement to pay any broker's for finder's fee to any
person with respect to this Subscription Agreement or the transactions
contemplated hereby.

    

    [SIGNATURES
ON FOLLOWING PAGE]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    VEMICS,
INC.

    

    COUNTERPART
SIGNATURE PAGE TO

    SUBSCRIPTION
AGREEMENT

    

    IN
WITNESS WHEREOF, the undersigned Investor, desiring to purchase the Securities,
by executing this signature page, intending to be legally bound, hereby
executes, adopts and agrees to all terms, conditions and representations of the
Subscription Agreement to which this Counterpart Signature page is
attached.

    

    Total
number of shares of Common Stock to be purchased:
13,333,333   shares

    

    Aggregate
Purchase
Price                     $1,600,000.00                 ($0.12
x number of shares)

    

    The
Investor must also complete the Investor Questionnaire attached as Appendix
A.

    

    If
Securities are to be purchased by an individual, the Investor should sign
below:

    

    Date:
_______________                                                                          ____________________

                                                                                                                    
      Signature of Investor

    

    ____________________                                                                        ____________________

    Social
Security
No.                                                                                     Print
Name

    

    

    

    If
Securities are to be purchased by an entity, the authorized individual of the
Investor should sign below:

    

    Date:
July 29,
2008                                                                               
    /s/Ravine Valley Partners,
LLC

                                                                                                                    
   Print Name of Entity

    

    LLC Tax ID
Pending                                                                                /s/James H. Desnick,
M.D.

    Tax
Identification
No.                                                                              Signature
of Authorized Signatory

                                                                                                         
              Name: James H. Desnick,
M.D.

                                                                                                                 
      Title: Member,
Manager

    

    If
the Securities are to be purchased jointly, each Investor should sign
below:

    

    Date:
_______________                                                                     ____________________

                                                                                                                      Signature
of Shareholder

    

    ____________________                                                                    ____________________

    Social
Security
No.                                                                                 Print
Name

    

    Date:
_______________                                                                      ____________________

                                                                                                                      
Signature of Shareholder

    

    ____________________                                                                     ____________________

    Social
Security
No.                                                                                  Print
Name

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    All
Investors should provide the information below:

    

    Principal
Residence
Address:                                                           Mailing
Address, if different from

                                                                                                                   Residence
Address:

    

    ________________________________________

    

    ________________________________________

    

    ________________________________________

    

    ________________________________________

    

    

    

                                                                                    The
Subscription is accepted on the 29th day of
July 2008.

    

    

                                                                                    VEMICS,
INC.

    

                                                                                    Accepted
by:

    

             /s/ Craig
Stout

             Name:
Craig Stout

             Title:
COO

    

    

     

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

     

     

     

    
       

      

      

      

      Appendix
A

      

      Form
of Warrant

      

      

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Appendix
B

      

      INVESTOR
QUESTIONNAIRE

      

      (ALL
INFORMATION WILL BE TREATED CONFIDENTIALLY)

      

      To:
Vemics, Inc.

      

      This
Investor Questionnaire ("Questionnaire") must be completed by the Investor to
subscribe for and purchase from the Company that number of shares of the
Company's common stock, value $0.001 per share (the "Common Stock'') set forth
on Purchaser's signature page to Subscription Agreement (the "Investor Shares")
at a price per share of $0.12, and associated warrants to purchase Common Stock
for a number of shares calculated by multiplying the aggregate number of
Investor Shares by thirty percent (30%) with an exercise price $0.04
per  share (the “Warrants”) on the terms and subject to the conditions
set forth in the Subscription Agreement. These warrants are exercisable for a
period of (5) Five years from date of issuance which is concurrent with the
signing of this contract.

      

      The
securities are being offered and sold by Vemics, Inc. (the "Company") without
registration under the Securities Act of 1933, as amended (the "Act"), and the
securities laws of certain states, in reliance on the exemptions contained in
Section 4(2) of the Act and Regulation D promulgated thereunder and in reliance
on similar exemptions under applicable state laws. The Company must determine
that a potential investor meets certain suitability requirements before offering
or selling Securities to such investor.

      

      The
purpose of this Questionnaire is to assure the Company that each investor will
meet the applicable suitability requirements. The information supplied by you
will be used in determining whether you meet such criteria, and reliance upon
the private offering exemptions from registration is based in part on the
information herein supplied.

      

      This
Questionnaire does not constitute an offer to sell or a solicitation of an offer
to buy any security. Your answers will be kept strictly confidential except to
the extent requested by the Securities and Exchange Commission or state
securities regulators.

      

      By
signing this Questionnaire, you will be authorizing the Company to provide a
completed copy of this Questionnaire to such parties as the Company deems
appropriate in order to ensure that the offer and sale of the Securities will
not result in a violation of the Act or the securities laws of any state and
that you otherwise satisfy the suitability standards applicable to purchasers of
the Securities.

      

      All
potential investors must answer all applicable questions and complete, date and
sign this Questionnaire.

      

      Please
print or type your responses and attach additional sheets of paper if necessary
to complete your answers to any item.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      A. BACKGROUND
INFORMATION

      

      Name:
Ravine Valley
Partners, LLC

      

      Address: 370 Ravine
Drive

      (Number and Street)

      

      Highland Park,
Illinois                   60035

      (City)     (State)          (Zip
Code)

      

      Telephone
Number: (847)
433-8300

      

      If I am
an individual:

      Age:_______           Citizenship:____________

      

      If a
corporation, partnership, limited liability company, trust or other
entity:

      Type of
entity: Limited
Liability Company

      

      State of
formation:_____________   Date of formation: July, 28,
2008

      

      Social
Security/Taxpayer Identification No. LLC Tax ID#
Pending

      

      B. STATUS AS ACCREDITED
INVESTOR The undersigned is an "accredited investor'ks such term is
defined in Regulation D under the Act, as at the time of the sale of the
Securities the undersigned falls within one or more of the following categories
(Please initial one or more, as applicable):'

      

      ___(1) a
bank as defined in Section 3(a)(2) of the Act, or a savings and loan association
or other institution as defined in Section 3(a)(5)(A) of the Act whether acting
in its individual or fiduciary capacity; a broker or dealer registered pursuant
to Section 15 of the Securities Exchange Act of 1934; an insurance company as
defined in Section 2(13) of the Act; an investment company registered under the
Investment Company Act of 1940 or a business development company as defined in
Section 2(a)(48) of that Act; a Small Business Investment Company licensed by
the U.S. Small Business Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958; a plan established and maintained by a state,
its political subdivisions, or any agency or instrumentality of a state or its
political subdivisions for the benefit of its employees, if such plan has total
assets in excess of $5,000,000; an employee benefit plan within the meaning of
the Employee Retirement Income Security Act of 1974. if the investment decision
is made by a plan fiduciary, as defined in Section 3(21) of such Act, which is
either a bank, savings and loan association, insurance company, or registered
investment adviser, or if the employee benefit plan has total assets in excess
of $5,000,000 or, if

      

      _____________

      1 As used
in this Questionnaire, the term "net worth" means the excess of total assets
over total liabilities. In computing net worth for the purpose of subsection
(4), the principal residence of the investor must be valued at cost, including
cost of improvements, or at recently appraised value by an institutional lender
making a secured loan, net of encumbrances. In determining income, the investor
should add to the investor's adjusted gross income any amounts attributable to
tax exempt income received, losses claimed as a limited partner in any limited
partnership, contributions to an IRA or KEOGH retirement plan, alimony payments,
and any amount by which home from long-term capital gains has been reduced in
arriving at adjusted gross income.

      

      

      a
self-directed plan, with the investment decisions made solely by persons that
are accredited investors;

      

      ___(2) a
private business development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940;

      

      ___(3) an
organization described in Section 5Ol(c)(3) of the Internal Revenue Code of
1986, as amended, corporation, Massachusetts or similar business trust, or
partnership, not formed for the specific purpose of acquiring the Securities
offered, with total assets in excess of $5,000,000;

      

      ___(4) a
natural person whose individual net worth, or joint net worth with that person's
spouse, at the time of such person's purchase of the Securities exceeds
$1,000,000;

      

      ___(5) a
natural person who had an individual income in excess of $200,000 in each of the
two most recent years or joint income with that person's spouse in excess of
$300,000 in each of those years and has a reasonable expectation of reaching the
same income level in the current year;

      

      ___(6) a
trust, with total assets in excess of $5,000,000, not formed for the specific
purpose of acquiring the Securities offered, whose purchase is directed by a
sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D; and
1f-T

      

       ü
(7) an entity in which all of the equity owners are accredited investors (as
defined above).

      

      IN
WITNESS WHEREOF, the undersigned has executed this Questionnaire this 29th day
of July 2008, and declares under oath that it is truthful and
correct

      

      James H. Desnick,
MD

      Print
Name

      

      By: /s/ James H. Desnick,
MD

      Signature

      

      Title:
Member
Manager

      (required
for any purchaser that is a corporation, partnership, trust or other
entity)

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