Imagenetix, Inc. filed a third amended plan of reorganization in the US Bankruptcy Court on August 29, 2014. As per the amended plan filed, allowed secured claim of Pacific Rainbow of $0.75 million shall receive in full satisfaction in cash plus accrued interest at the rate of 7.5% p.a. from April 1, 2014 through effective date and amount of attorney's fees over a period of 36 months after effective date. Pre-effective date professional fee claims including Winthrop Couchot and the Shustak Firm shall receive payment of $0.79 million from additional equity infusion.

The payment will be done in full satisfaction of the claims. The other claims and their treatment will remain unchanged under the plan.