X0303 4/A 2011-04-07 2011-04-11 0 0000948426 COATES INTERNATIONAL LTD \DE\ COTE.OB 0001160170 Coates George J. 1811 MURRAY DRIVE WALL TOWNSHIP NJ 07719 1 1 1 0 President and CEO Common Stock 1165507 I By Self, as Trustee for The Coates Trust Common Stock 2011-04-07 4 S 0 165500 0.1940 D 205894700 D Common Stock 1957760 I By Spouse Mr. Coates has agreed to make a loan to the Company of the net proceeds, after deducting estimated taxes on this sale to provide new working capital. The loan will bear interest at the rate of 17% per annum and will be payable on demand. Mr. Coates will also receive additional shares of Series A Preferred Stock under anti-dilution provisions in effect. Net proceeds, after selling expenses amounted to $30,496. /s/ George J. Coates 2011-04-29