CONVERSION AGREEMENT
This Agreement executed on July 23, 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 Xxxxxx Xxxxxx, LLC (the
"Consultant"), with a principal place of business located at 1 XxXxxx, Xxxxxxxx,
XX X0X 0X0 (each a "Party" and collectively "Parties").
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 CONVERSION: The Consultant has rendered 1 invoice to the Company
totaling $30,150. The Parties hereby agree to convert this obligation of the
Company into thirty thousand (30,000) 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.
COBALIS, CORP.
Xxxxxxx Xxxxxxxx, President/CEO
0000 XxXxxx Xxx, Xxxxx 000
Xxxxxx, XX 00000
AGREED AND ACCEPTED FOR CONSULTANT:
Xxxxxx Xxxxxx
1 XxXxxx, #807
Xxxxxxxx, XX X0X 0X0
