CONVERSION AGREEMENT
This Agreement executed on November 1, 2005 is made by and between Cobalis
Corp., a Nevada corporation (the "Company") with its principal place of business
located at 0000 XxXxxx Xxx, Xxxxx 000, Xxxxxx XX 00000 and Xxxxx Xxxxxxxxxx (the
"Consultant"), with an address at Xxxxxxxxxx 0, 00000 Xxxx Xxx, Xxxxxx.
NOW THEREFORE, in consideration of the foregoing recitals and the covenants and
obligations set forth below and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties agree as
follows:
Consulting Fees Conversion: The Consultant has rendered 1 (one) invoice to the
Company totaling $750 (seven hundred fifty) for his professional services of
maintaining the corporate website. The Parties hereby agree to convert this
obligation of the Company into 1,000 (one thousand) fully-paid and
non-assessable free trading shares upon the execution of this Agreement. This
shall be at the conversion rate of $0.75 per share. The Company shall
immediately issue an S-8 registration with the Securities and Exchange
Commission in order to fulfill its obligation to the Consultant.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.
The Company (Cobalis, Corp.) The Consultant (Xxxxx Xxxxxxxxxx)
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Xxxxxxx Xxxxxxxx Xxxxx Xxxxxxxxxx
President/CEO
