Document:

Consulting Agreement

    
      

      

    

    Exhibit
      10.16

     

    

      

      CONSULTING
        AGREEMENT

      

      THIS
        CONSULTING AGREEMENT ("Agreement") is made and entered into in duplicate
        and
        shall be effective as of December 19, 2006 (“Effective Date”), by and between
        Cobalis Corp., a Nevada corporation ("Corporation"), and Kevin Pickard
        (“Consultant").

      

      RECITALS

      

      A.
        It is
        the desire of the Corporation to engage the services of the Consultant to
        provide consulting services for the Corporation, including accounting and
        recordkeeping services, preparation of financial statements and special
        projects, as set forth herein.

      

      B.
        It is
        the desire of the Consultant to so consult with the Board of Directors of
        the
        Corporation (“Board”) and the officers of the Corporation and fulfill his
        consulting duties under the title as “Interim Chief Financial Officer” (“Interim
        CFO”) of the Corporation.

      

      NOW,
        THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES, COVENANTS AND UNDERTAKINGS
        HEREIN SPECIFIED AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT
        AND
        SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, WITH THE INTENT TO BE OBLIGATED
        LEGALLY AND EQUITABLY, THE PARTIES AGREE WITH EACH OTHER AS
        FOLLOWS:

      

      1.
        Term of Agreement and Termination.
        The
        respective duties and obligations of the parties shall commence on the Effective
        Date and shall continue until December 31, 2007. Either party may terminate
        this
        Agreement by giving the other party at least 30 days prior written notice
        of
        termination. This Agreement shall automatically terminate 30 days from the
        date
        appearing on the written notice. 

      

      2.
        Duties.
        The
        Consultant shall consult with the Board and the officers of the Corporation
        concerning any issue of importance regarding duties necessary in performing
        duties as Interim CFO, including:

      

      	a.  	
              Accounting
                and Recordkeeping.
                The Consultant will gain an understanding of the key accounting
                principles, and procedures being followed, recordkeeping methods
                and data
                maintenance, file structures and file contents, and timeliness of
                reporting and reporting mechanisms. If recommendations for changes
                are
                noted, as they pertain to safeguarding of assets, weaknesses in internal
                controls, or efficiency and effectiveness of the accounting staff,
                the
                Consultant will discuss these matters with the Corporation’s management.
                The Consultant will assist with implementation of proposed changes
                as
                directed by the Corporation’s management. This work will be done on an
                ongoing basis.

            

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

         

      

      	b.  	
              Financial
                Statements.
                In connection with the quarterly financial statements prepared by
                the
                Corporation to be included in filing with the Securities and Exchange
                Commission (“SEC”), the Consultant will prepare and review journal
                entries, require and/or perform specific account analysis, review
                the
                assumptions used in expense accruals, revenue recognition, and tax
                calculations, and perform other procedures as needed.
                

            

      

      	i.  	
              The
                above work will be done on a timely basis to ensure that the Corporation
                meets its timetable for filing its quarterly and annual reports with
                the
                Securities and Exchange Commission. These procedures do not constitute
                an
                audit, review or compilation of the financial statements in accordance
                with the standards established by the American Institute of Certified
                Public Accountants. The quarterly reviews and the annual audit will
                be
                performed by the accounting firm as selected, from time to time,
                by the
                Corporation. 

            

      

      	ii.  	
              The
                work shall be performed on a part-time basis, which limits the
                Consultant’s involvement and knowledge of the Corporation’s daily
                operations. Because of this, there is a risk that material errors,
                irregularities, or illegal acts, including fraud or defalcation,
                may exist
                and may not be detected by the Consultant.

            

      

      	c.  	
              Other
                Duties
                During the Consultant’s engagement, the Consultant will assist with other
                matters of the Corporation. These can include, but are not limited
                to, SEC
                filings, cash management, other tax issues, personnel procedures,
                liaison
                with vendors and customers or other professionals engaged by the
                Corporation, and assistance with development of operating budgets
                and
                forecasts.

            

       

      3.
        Management Power of Consultant.
        The
        business affairs of the Corporation and the operation of business of the
        Corporation shall be conducted by the officers and administrative staff and
        employees of the Corporation. It is the intention of the Corporation not
        to
        confer on the Consultant, and the Consultant shall not have, any power of
        direction, management, supervision or control of the administrative staff
        or
        other employees of the Corporation or to otherwise be involved with the
        management of the business of the Corporation.

      

      4.
        Authority to Contract.
        The
        Consultant shall have no power to, and the Consultant shall not, obligate
        the
        Corporation in any manner whatsoever to any contract, agreement, undertaking,
        commitment or other obligation.

       

      5. Consultant
        Fees.
        For the
        services described herein, the Consultant will be paid the following:

      

      	a.  	
               Cash
                Fees.
                Cash fees will be at the rate of $4,166.67 per month, which accrue
                beginning December 19, 2006. Consultant will send statements for
                services
                on a monthly basis. All amounts payable are payable by the Corporation
                within 14 days of receipt of Consultant’s
                invoice.

            

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      	b.  	
              Common
                Stock.
                In addition to the cash fees, the Corporation will issue shares of
                its
                common stock to Consultant as follows:

            

      

      January
        1, 2007:  50,000
        shares

      April
        1,
        2007:  50,000
        shares

      July
        1,
        2007:  50,000
        shares

      October
        1, 2007:  50,000
        shares

      

      The
        Corporation acknowledges that prior to executing this Agreement, the Consultant
        had not been issued the 50,000 shares that were payable on January 1, 2007.
        The
        shares yet to be issued shall be issued pursuant to instructions provided
        by
        Consultant. If the Agreement is terminated before the end of the term specified,
        shares not yet issued shall be forfeited.

      

      In
        the
        event of a Change of Control of the Corporation prior to October 1, 2007,
        all
        unissued shares shall be issued immediately. 
        For
        purposes of this Agreement, a "Change in Control" shall mean any of the
        following events:

      

      	1.  	
              the
                acquisition (other than from the Corporation) by any person (as such
                term
                is defined in Section 13(c) or 14(d) of the Securities Exchange Act
                of
                1934, as amended (the "1934 Act")) of beneficial ownership (within
                the
                meaning of Rule 13d-3 promulgated under the 1934 Act) of fifty-one
                percent
                (51%) or more of the combined voting power of the Corporation's then
                outstanding voting securities, excluding any acquisition by Cornell
                Capital, LP of shares contemplated by the terms of the Securities
                Purchase
                Agreement and any associated agreements, executed by the Corporation
                on
                December 20, 2006;

            

      

      	2.  	
              the
                individuals who, as of the date hereof, are members of the Board
                (the
                "Incumbent Board"), cease for any reason to constitute at least two
                thirds
                (2/3) of the Board, unless the election, or nomination for election
                by the
                Corporation's stockholders, of any new director was approved by a
                vote of
                at least two thirds (2/3) of the Incumbent Board, and such new director
                shall, for purposes of this Agreement, be considered as a member
                of the
                Incumbent Board;

            

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

         

      

      	3.  	
              approval
                by stockholders or the Board of:

            

      

      (i)   a
        merger
        or consolidation involving the Corporation and an independent third party
        if the
        stockholders of the Corporation, immediately before such merger or
        consolidation, do not, as a result of such merger or consolidation, own,
        directly or indirectly, more than seventy percent (70%) of the combined voting
        power of the then outstanding voting securities of the corporation resulting
        from such merger or consolidation in substantially the same proportion as
        their
        ownership of the combined voting power of the voting securities of the
        Corporation outstanding immediately before such merger or consolidation;
        or

       

      (ii)   an
        agreement for the sale or other disposition of all or substantially all of
        the
        assets of the Corporation to an independent third party; and

      

      	4.  	
              the
                liquidation or dissolution of the
                Corporation.

            

      

      Notwithstanding
        the foregoing, a Change in Control shall not be deemed to occur pursuant
        to this
        Section, solely because thirty percent (30%) or more of the combined voting
        power of the Corporation's then outstanding securities is acquired by any
        corporation which, immediately prior to such acquisition, is owned directly
        or
        indirectly by the stockholders of the Corporation in the same proportion
        as
        their ownership of stock in the Corporation immediately prior to such
        acquisition.

      

      	c.  	
              Expenses.
                Fees do not include out-of-pocket expenses advanced on behalf of
                the
                Corporation, such as computer charges, telephone calls, postage,
                photocopying, out of town travel, etc.; these will be billed separately
                and will be payable on the same terms as the cash fees provided for
                in
                Section 5(a) hereof. Notwithstanding the foregoing, Consultant shall
                not
                be entitled to reimbursement of expenses over $250 unless such expenses
                are pre-approved, in writing, by the Corporation prior to Consultant
                incurring such expense. 

            

      

      	d.  	
              Fee
                Disputes.
                If any dispute arises among the parties to this Agreement, the parties
                agree to first try in good faith to settle the dispute by mediation
                administered by the American Arbitration Association under its Rules
                for
                Professional Accounting and Related Services Disputes before resorting
                to
                litigation. The costs of any mediation proceeding shall be shared
                equally
                by all parties. The Corporation and the Consultant both agree that
                any
                dispute over fees charged by the Consultant to the Corporation will
                be
                submitted for resolution by arbitration in accordance with the Rules
                for
                Professional Accountant and Related Services Disputes of the American
                Arbitration Association. Such arbitration shall be binding and final.
                IN
                AGREEING TO ARBITRATION, CONSULTANT AND THE CORPORATION BOTH ACKNOWLEDGE
                THAT IN THE EVENT OF A DISPUTE OVER FEES CHARGED BY THE CONSULTANT,
                EACH
                IS GIVING UP THE RIGHT TO HAVE THE DISPUTE DECIDED IN A COURT OF
                LAW
                BEFORE A JUDGE OR JRY AND INSTEAD, THE CONSULTANT AND THE CORPORATION
                ACCEPT THE USE OF ARBITRATION FOR RESOLUTION. 

            

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      6.
        Services of Consultant Not Exclusive.
        The
        Consultant may represent, perform services for, and be employed by, any
        additional persons as the Consultant, in the Consultant's sole discretion,
        determines to be necessary or appropriate.

      

      7.
        Relationship Created.
        The
        Consultant is not an employee of the Corporation for any purpose whatsoever,
        but
        is an independent contractor. The Consultant shall have the sole and exclusive
        control of the manner and means of performing pursuant to this Agreement.
        The
        Corporation shall not have the right to require the Consultant to do anything
        which would jeopardize the relationship of independent contractor between
        the
        Corporation and the Consultant. 

      

      8.
        Indemnification.
        Each
        party shall save the other party harmless from and against and shall indemnify
        the other party for any liability, loss, costs, expenses, or damages however
        caused by reason of any injury (whether to body, property, or personal or
        business character or reputation) sustained by any person or to any person
        or to
        property by reason of any act, neglect, default, or omission of such party
        or
        any of such party’s agents, employees, or other representatives, and, such party
        shall pay any and all amounts to be paid or discharged in case of an action
        or
        any such liability less costs, expenses, or damages. If either party is sued
        in
        any court for damages by reason of any of the acts of the other party referred
        to in this Paragraph 8, such other party shall defend said action (or cause
        same
        to be defended) at such other party’s own expense and shall pay and discharge
        any judgment that may be rendered in any such action; if such other party
        fails
        or neglects to so defend in said action, the party sued may defend the same
        and
        any expenses, including reasonable attorneys’ fees, which such party may pay or
        incur in defending said action and the amount of any judgment which such
        party
        may be required to pay as a result of said action shall be promptly reimbursed
        upon demand.

      

      9.
        Governmental Rules and Regulations.
        The
        provisions of this Agreement are subject to any and all present and future
        orders, rules and regulations of any duly constituted authority having
        jurisdiction of the relationship and transactions contemplated by the provisions
        of this Agreement.

      

      10.
        Notices.
        All
        notices, requests, demands or other communications pursuant to this Agreement
        shall be in writing or by telex or facsimile transmission and shall be deemed
        to
        have been duly given (i) on the date of service, if delivered in person or
        by
        telex or facsimile transmission (with the telex or facsimile confirmation
        of
        transmission receipt serving as confirmation of service when sent and provided
        telexed or telecopied notices are also mailed by first class, certified or
        registered mail, postage prepaid); or (ii) 48 hours after mailing by first
        class, registered or certified mail, postage prepaid, and properly addressed
        as
        follows:

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        If
          to the
          Corporation:                          Cobalis
          Corp.

        2445
          McCabe Way, Suite 150

        Irvine,
          CA 92614

        

        If
          to the
          Consultant:                           
Kevin
          Pickard

        Pickard
          & Green CPAs 

        28382
          Constellation Road

        Valencia,
          CA 91355 

        

or
        at
        such other address as the party affected may designate in a written notice
        to
        such other party in compliance with this paragraph.

      

      11.
        Entire Agreement.
        This
        Agreement is the final written expression and the complete and exclusive
        statement of all the agreements, conditions, promises, representations,
        warranties and covenants between the parties with respect to the subject
        matter
        of this Agreement, and this Agreement supersedes all prior or contemporaneous
        agreements, negotiations, representations, warranties, covenants, understandings
        and discussions by and between and among the parties, their respective
        representatives, and any other person, with respect to the subject matter
        specified in this Agreement. This Agreement may be amended only by an instrument
        in writing which expressly refers to this Agreement and specifically states
        that
        such instrument is intended to amend this Agreement and is signed by each
        of the
        parties.

      

      12.
        Number and Gender.
        Whenever
        the singular number is used in this Agreement, and when required by the context,
        the same shall include the plural, and vice versa; the masculine gender shall
        include the feminine and neuter genders, and vice versa; and the word "person"
        shall include corporation, firm, trust, estate, joint venture, governmental
        agency, sole proprietorship, political subdivision, company, congregation,
        organization, fraternal order, club, league, society, municipality, association,
        joint stock company, partnership or other form of entity.

      

      13.
        Execution in Counterparts.
        This
        Agreement may be prepared in multiple copies and forwarded to each of the
        parties for execution. All of the signatures of the parties may be affixed
        to
        one copy or to separate copies of this Agreement and when all such copies
        are
        received and signed by all the parties, those copies shall constitute one
        agreement which is not otherwise separable or divisible.

      

      14.
        Choice of Law and Consent to Jurisdiction.
        Notwithstanding the provisions of Paragraph 5(d) above regarding fee disputes,
        all questions concerning the validity, interpretation or performance of any
        of
        the terms, conditions and provisions of this Agreement or of any of the rights
        or obligations of the parties, shall be governed by, and resolved in accordance
        with, the laws of the State of California. Any and all actions or proceedings,
        at law or in equity, to enforce or interpret the provisions of this Agreement
        shall be litigated in courts having situs within the County of Orange, State
        of
        California, and each party hereby consents to the exclusive jurisdiction
        of any
        local, state or federal court located within the County of Orange, State
        of
        California and consents that any service of process in such action or proceeding
        may be made by personal service upon such party wherever such party may be
        then
        located, or by certified or registered mail directed to such party at such
        party's last known address.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      15.
        Assignability.
        Neither
        party shall sell, assign, transfer, convey or encumber this Agreement or
        any
        right or interest in this Agreement or pursuant to this Agreement, or suffer
        or
        permit any such sale, assignment, transfer or encumbrance to occur by operation
        of law without the prior written consent of the other party. 

      

      16.
        Consent to Agreement.
        By
        executing this Agreement, each party represents such party has read or caused
        to
        be read this Agreement in all particulars, and consents to the rights,
        conditions, duties and responsibilities imposed upon such party as specified
        in
        this Agreement.

      

      IN
        WITNESS WHEREOF the parties have executed this Consulting Agreement in duplicate
        and in multiple counterparts, each of which shall have the force and effect
        of
        an original, on the date specified in the preamble of this
        Agreement.

      

       

      
        	CORPORATION:	 	 	CONSULTANT:
	 	 	 	 
	
                Cobalis
                  Corp.,

                a
                  Nevada corporation 

              	 	 	
                Kevin
                  Pickard

                Pickard
                  & Green, CPAs

              
	 	 	 	 
	Dated:
                March 20, 2007	 	 	Dated:
                March 20, 2007
	 	 	 	 
	 	 	 	 
	By:
                /s/ Chaslav Radovich	 	 	By:
                /s/ Kevin
                Pickard
	
                
                  
Chaslav
                  Radovich

                Its:
                  President

              	 	 	
                
Kevin
                Pickard

      

        

       

      7Exhibit 10.5

    
      EXHIBIT
        10.5

      

      

      November
        27, 2006

      

      James
        Kaufman, President

      ICrystal,
        Inc.

      1305
        Krameria Street

      Suite
        H-167

      Denver,
        Colorado 80220

      

      Re:
        Legal
        Services

      

      Dear
        Jim:

      

      This
        will
        memorialize our oral agreement whereby we agreed to perform $20,000 in legal
        services on behalf of ICrystal, Inc. in consideration of 500,000 shares of
        common stock.

      

      Should
        the foregoing accurately reflect our agreement, you need not respond to this
        letter.

      

      Thank
        you
        for the opportunity to be of services.

      

      Sincerely,

      

      /s/

      Eric
        Newlan

      

      EN/akh

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