CONVERSION AGREEMENT
This Agreement executed on November 7, 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 X. Duck (the
"Consultant"), with an address at 0000 X. Xxxx Xx., Xxxxxxxxx, XX 00000
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 video production
professional services. 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 X. Duck)
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Xxxxxxx Xxxxxxxx Xxxxx X. Duck
President/CEO
