From The s8 filed on 4-11
The following is a summary of the $61,698.74 total now due and owing on Invoice Nos. 1553 and 1582:
Invoice No. 1553: $ 20,276.74 (time and expenses)
Invoice No. 1582: $ 11,422.00 (time and expenses)
Invoice No. 1582: $ 30,000.00 (retainer for future time and expenses)
Total Due: $61,698.74
As reflected in the Conversion Agreement, I have agreed to convert the above amounts to fully-paid and non-assessable free trading shares (S-8 shares) of Cobalis common stock, at the conversion rate of $0.98 (the closing price of the Company’s stock on March 9, 2007).
