EX-3 3 eltiex3.txt ARTICLES OF EXCHANGE ARTICLES OF EXCHANGE of Elast Technologies, Inc. and PTS, Inc. We, Phillip Flaherty, the President of Elast Technologies, Inc. and Thomas Krucker, the Secretary of Elast Technologies, Inc.; and Peter Chin, the President of PTS, Inc., and Sandy Chin, the Secretary of PTS, Inc., hereby certify: 1. An Acquisition Agreement was adopted by the Boards of Directors of both of the constituent corporations in meetings held on June 11, 2001. A copy of this executed Acquisition Agreement, which contains the plan of Acquisition, is on file at Elast Technologies, Inc.'s attorney's office in Nevada. 2. The constituent entities are Elast Technologies, Inc. and PTS, Inc., both of which are Nevada corporations. Elast Technologies, Inc. shall be the surviving company, with PTS, Inc. being the acquired company. 3. The shareholders of PTS, Inc. shall receive the aggregate of 9,000,000 shares of the common stock of Elast Technologies, Inc. for each share of PTS, Inc. common stock that he or she holds. 4. Approval of the shareholders of Elast Technologies, Inc. was not required pursuant to NRS 92A.120. 5. The Acquisition Agreement was approved by unanimous consent of all of the shareholders of PTS, Inc. 6. Elast Technologies, Inc., the acquiring company, shall be the surviving company. 7. The effective date of the Acquisition Agreement shall be upon the date of filing this Articles of Exchange. For Elast Technologies, Inc. /s/ Phillip Flaherty /s Thomas Krucker Phillip Flaherty, President Thomas Krucker, Secretary State of Nevada ) State of Nevada ) )ss. )ss. County of Clark ) County of Clark ) On , 2001, personally On , 2001, personally appeared before me, a Notary public, appeared before me, a Notary public, Phillip Flaherty, who acknowledged Thomas Krucker, who acknowledged that he is the President of Elast that he is the Secretary of Elast Technologies, Inc. and that he Technologies, Inc. and that he executed the above instrument in executed the above instrument in that capacity. that capacity. A Notary Public in and for said A Notary Public in and for said County and State. County and State. For PTS, Inc. /s/ Peter Chin /s Sandy Chin Peter Chin, President Sandy Chin, Secretary State of Nevada ) State of Nevada ) )ss. )ss. County of Clark ) County of Clark ) On , 2001, personally On , 2001, personally appeared before me, a Notary appeared before me, a Notary public, Peter Chin who public, Sandy Chin who acknowledged acknowledged that he is the that she is the Secretary of PTS, President of PTS, Inc. and that he Inc. and that she executed the executed the above instrument in above instrument in that capacity. that capacity. A Notary Public in and for said A Notary Public in and for said County and State. County and State.