Exhibit 4.2, Connelly Invoice


    
      

      

    

    Exhibit
      4.2

     

    
      
        	
                Invoice
                  Summary

                Invoice:
                  Summary
                  06/01/06 - 10/15/2006  

                 

                Date:
                  October 15, 2006 

                 

              	
                 

                Brian
                  Connelly

                2919
                  Cape Sebastian Place

                Cardiff,
                  CA 92007

              
	 
	
                 

                To:

                Cobalis
                  Corp.

                2445
                  McCabe Way

                Irvine,
                  CA 92614

                949-757-0001

                 

              	
                 

                For:

                Consulting
                  services 6/01/06- 10/15/06 @ $10,417.00/month

              
	 
	 
	
                HOURS

              	
                DESCRIPTION

              	
                UNIT
                  PRICE

              	
                TOTAL

              
	 	
                Consulting:
                  06/01/2006 - 10/15/2006 

                 

                Including:

                 

                Clinical
                  Development:

                 

                Evaluation
                  of existing Clinical Development plan, design of Twin PIII pivotal
                  trials
                  and statistical analysis plan, working with management, Statistician
                  and
                  trial CRO. 

                 

                Business
                  Development:

                 

                Evaluation
                  of partnering opportunities; development of go-it-alone/non-large
                  Pharma
                  and large Pharma partnering strategy; Qualifying existing expressions
                  of
                  partnering interest.

                 

                Accounts
                  Payable Management:

                 

                Worked
                  with management to schedule or negotiate vendor account payables,
                  including trial CRO, clinical sites, FDA consultants, Database
                  Management
                  company, and other service providers. 

                 

                Corporate
                  Development:

                 

                Formulate
                  initial strategy for augmenting corporate governance through expansion
                  of
                  Board of Directors and initiating search through outside search
                  agency.

                 

              	
                 

                $10,417
                  per month

              	
                 

                $46,875.00

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

              
	
                Sub
                  Total 

                 

              	
                $46,875.00

                 

              
	
                TOTAL
                  DUE 

                 

              	
                $46,875.00

                 

              


      

      
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