CONVERSION AGREEMENT
This Agreement executed on December 22, 2004 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 Xxxx Xxxxx (the
"Consultant"), with an address at _______________________________.
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 6 (six) invoices (nos.
#215-221) to the Company totaling $12,050 (twelve thousand fifty). The Parties
hereby agree to convert this obligation of the Company into 12,050 (twelve
thousand fifty) fully-paid and non-assessable free trading shares upon the
execution of this Agreement. This shall be at the conversion rate of $1.00 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 (XXXX XXXXX)
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Xxxxxxx Xxxxxxxx Xxxx Xxxxx
President/CEO
