Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE PAYABLE (RESTATED NOTE 16) (Tables)

6 Months Ended

Jun. 30, 2012

Capital leases payable at June 30, 2012 and December 31, 2011 is associated with the South African Operations and consists of the following.

	June 30,		December 31,
	2012		2011

Capital lease payable, due in 49 monthly installments of $1,081, including interest at 10%, through April 2016	$	44,747	$	46,149

Capital lease payable, due in 32 monthly insallments of $800 including interest at 10%, through November 2014		21,151		24,186

Capital lease payable, due in 14 monthly installments of $1,470, including interest at 10%, through May 2013		15,861		23,211

Capital lease payable, due in 36 monthly installments of $1,022, including interest at 10%, through February 2015		31,692		33,897
Total capital leases payable		113,451		127,443
Current maturities		39,054		41,590
Capital leases payable, less current maturities	$	74,397	$	85,853