El Maniel International Inc (EMLL)

[Islandfisherman]

From the last 10Q

The fair value of the 1,000,000 restricted shares of Company common stock was estimated using the $0.005 price per common
share relating to Co-Max International’s purchase of 65,000,000 shares of Company common stock from a stockholder for
$325,000 on March 10, 2010. From March 10, 2010 to August 9, 2010, a total of 36,000 shares of Company common stock was
traded at prices ranging from $0.18 per share to $0.28 per share. On August 10, 2010, 69,567,504 shares of Company common
stock were traded at prices ranging from $0.13 per share to $0.0019 per share.
NOTE 3 DEPOSIT RELATING TO ACQUISITION OF PROPERTY AND EQUIPMENT OF IDLE OIL TERMINAL
FACILITY
On July 1, 2010, EMLL Energy Ltd. closed on the acquisition of property and equipment of an idle oil terminal facility located in
Luzerne County, Pennsylvania pursuant to a Sales Agreement dated May 26, 2010 with JFK Petroleum Inc. (“JFK”). Among other
things, the Sales Agreement provided that JFK assign its deed to the property (EMLL Energy Ltd. was formed June 1, 2010 to
receive the deed) in exchange for the Company’s cash payments to the owner of JFK totaling $50,000 ($15,225 paid through June
30, 2010, $34,775 paid thereafter) and the Company’s issuance of 1,000,000 restricted shares of common stock to the owner of
JFK (not issued to date) with a committed buyback of $1.00 per share (or $1,000,000 total), at the owner of JFK’s option, one year
after issue date.
The property was acquired by JFK in 2004 and has not been operated as an oil terminal facility. The Company does not intend to
use the property as an oil terminal facility until such time as the Company obtains sufficient financing to do so.