Document:

ex10_2.htm

     

    
      EXHIBIT
10.2

       

      PROMISSORY
NOTE

      

      

      $40,000  
                                                                              Dated
May 23, 2008

      

      

      FOR VALUE RECEIVED, the undersigned
promises to pay to the order of GREENTREE FINANCIAL GROUP, INC., its successors
or assigns, the sum of FORTY THOUSAND AND NO/00 ($40,000.00) DOLLARS
(representing a principal amount of $38,835 plus interest of $1,165, or
approximately 6% interest per annum) payable in six months from today as
follows:

      

      THE TOTAL
OF FORTY THOUSAND AND NO/00 ($40,000) DOLLARS, PLUS ACCRUED INTEREST, WILL BE
PAID, IN CASH ON NOVEMBER 23, 2008. THIS PAYMENT HEREUNDER SHALL BE DUE AND
PAYABLE AT THE OFFICES OF GREENTREE FINANCIAL GROUP, INC., LOCATED AT 7951 S.W.
6th
STREET, PLANTATION, FLORIDA  33324.

      

      THIS
PROMISSORY NOTE IS NON ASSUMABLE. IT SHALL BECOME DUE AND PAYABLE UPON A CHANGE
IN CONTROL (AS DEFINED BY SEC RULES AND REBULATIONS) OF THE MAKER. THERE SHALL
BE NO PRE-PAYMENT PENALTY WITH RESPECT TO THIS PROMISSORY NOTE.

      

      The undersigned will provide personal
fitness training services to GreenTree Financial Group, Inc.’s officers,
directors and employees at a rate of $65 per hour plus other services mutually
agreed upon relating to fitness tests, counseling and fitness advice. These
services will be credited against the principal and accrued interest amount of
this note.

      

      Each maker, endorser, and guarantor
waives demand, notice of nonpayment and demand. If any payment due is not made
and remains unpaid for TEN (10) DAYS, it is in default hereof. Any such payment
in default shall bear interest at 6% per annum. Should any payment not be made
when due, there shall also be a late charge equal to 5% of the amount of the
installment of principal or interest which is paid after the due date. In the
event of default hereunder, the entire unpaid balance hereof shall, at the
option of the holder, become due and payable upon demand. All costs and fees
(including reasonable fees and disbursements of legal counsel) incurred by the
holder as the result of any default by anyone liable hereunder or as the result
of any collection effort by the holder shall also be due and owing to the
holder. Failure to exercise any right shall not be deemed a waiver of the right
to exercise the same at any subsequent date, or event.

      

      The Maker acknowledges receipt of a
conformed duplicate copy of this promissory note and acknowledges having had its
duly appointed officer read the same before affixing his signature
below.

       

      This promissory note is to be construed
according to the laws of the State of Florida, without regard to any choice of
law principles.

      

      IN
WITNESS WHEREOF, the Maker has caused this note to be executed by its duly
authorized officer on this 23rd day of May, 2008.

      

      

      A.J.
GLASER, INC.

      

      /s/ Adam J. Slazer

       Adam
J. Slazer

       Presidentex10_3.htm

     

    EXHIBIT 10.3

     

    
      PLAN
OF EXCHANGE

       

      
        BY
WHICH

      

      Exercise
for Life Systems, Inc. 

      (a
North Carolina corporation) 

      SHALL
ACQUIRE

      A.J.
Glaser, Inc.

      (a  new
jersey corporation)

       

      
        	
                 
      

              	
                I.
    RECITALS1

              

      

       

      
        	
                 
      

              	
                1.
      The Parties to this Plan of
Exchange:

              

      

      
        	
                 
      

              	
                (1.1)
      Excercise for Life Systems, Inc

              

      

      
        	
                 
      

              	
                (1.2)
      A.J. Glaser, Inc

              

      

       

      
        	
                 
      

              	
                2.
      The Common Stock of the Parties:

              

      

      
        	
                 
      

              	
                (2.1)
      The Common Stock of Excercise for Life Systems,
  Inc

              

      

      
        	
                 
      

              	
                (2.2)
      The Common Stock of A.J Glaser, Inc

              

      

       

      
        	
                 
      

              	
                3.
      Transaction Descriptive Summary:

              

      

       

      
        	
                 
      

              	
                4.
      New Jersey compliance.

              

      

       

      
        	
                 
      

              	
                5.
      Audited Financial Statements.

              

      

       

      
        	
                 
      

              	
                II.
      PLAN OF REORGANIZATION

              

      

       

      
        	
                 
      

              	
                1.
      Conditions Precedent to Closing.

              

      

      
        	
                 
      

              	
                (1.1)
      Shareholder Approval.

              

      

      
        	
                 
      

              	
                (1.2)
      Board of Directors.

              

      

      
        	
                 
      

              	
                (1.3)
      Due Diligence Investigation.

              

      

      
        	
                 
      

              	
                (1.4)
      The rights of dissenting
shareholders,

              

      

      
        	
                 
      

              	
                (1.5)
      All of the terms, covenants and
conditions

              

      

      
        	
                 
      

              	
                (1.6)
      Delivery of Audited Financial
Statements

              

      

       

      
        	
                 
      

              	
                2.
      Conditions Concurrent and Subsequent to
Closing.

              

      

      
        	
                 
      

              	
                (2.1)
      Delivery of Common Stock of A.J. Glaser,
Inc.

              

      

      
        	
                 
      

              	
                (2.2)
      Acquisition Share Issuance and Purchase of Common
  Stock.

              

      

       

      
        	
                 
      

              	
                3.
      Plan of Acquisition

              

      

      
        	
                 
      

              	
                (3.1)
      Exchange and Reorganization:

              

      

      
        	
                 
      

              	
                (3.2)
      Issuance of Common Stock:.

              

      

      
        	
                 
      

              	
                (3.3)
      Closing/Effective Date:

              

      

      
        	
                 
      

              	
                (3.4)
      Surviving Corporations

              

      

      
        	
                 
      

              	
                (3.5)
      Rights of Dissenting Shareholders:

              

      

      
        	
                 
      

              	
                (3.6)
      Service of Process and Address:

              

      

      
        	
                 
      

              	
                (3.7)
      Surviving Articles of
Incorporation:

              

      

      
        	
                 
      

              	
                (3.8)
      Surviving By-Laws:

              

      

      
        	
                 
      

              	
                (3.9)
      Further Assurance, Good Faith and Fair
Dealing:

              

      

      
        	
                 
      

              	
                (3.10)
      General Mutual Representations and
Warranties.

              

      

      
        	
                 
      

              	
                (3.10.1)
      Organization and Qualification.

              

      

      
        	
                 
      

              	
                (3.10.2)
      Corporate Authority.

              

      

      
        	
                 
      

              	
                (3.10.3)
      Ownership of Assets and Property.

              

      

      
        	
                 
      

              	
                (3.10.4)
      Absence of Certain Changes or
Events.

              

      

      
        	
                 
      

              	
                (3.10.5)
      Absence of Undisclosed Liabilities.

              

      

      
        	
                 
      

              	
                (3.10.6)
      Legal Compliance.

              

      

      
        	
                 
      

              	
                (3.10.7)
      Legal Proceedings.

              

      

      
        	
                 
      

              	
                (3.10.8)
      No Breach of Other Agreements.

              

      

      
        	
                 
      

              	
                (3.10.9)
      Capital Stock.

              

      

      
        	
                 
      

              	
                (3.10.10)
      SEC Reports.

              

      

      
        	
                 
      

              	
                (3.10.11)
      Brokers' or Finder's Fees.

              

      

      
        	
                 
      

              	
                (3.11)
      Miscellaneous Provisions

              

      

      
        	
                 
      

              	
                (3.11.1)

              

      

      
        	
                 
      

              	
                (3.11.2)

              

      

      
        	
                 
      

              	
                (3.11.3)

              

      

      
        	
                 
      

              	
                (3.11.4)

              

      

      
        	
                 
      

              	
                (3.11.5)

              

      

      
        	
                 
      

              	
                (3.11.6)

              

      

      

      4.
Termination ...............................................................................................................................13

      

      5.
Closing....................................................................................................................................13

      

      6. Merger
Clause............................................................................................................................13

       

      

      

      The Remainder
of this Page is Intentionally left Blank 

      PLAN
OF EXCHANGE 

      BY
WHICH

      Exercise
for Life Systems, Inc. 

      (a
North Carolina corporation) 

      SHALL
ACQUIRE

      A.J.
Glaser, Inc.

      (a  new
jersey corporation)

      

      ADJUSTMENTS:
lead This
Plan of Exchange (the “Agreement” or “Plan of Exchange”)
is made and dated as of this 15th day of September, 2008, and is intended
to supersede all previous oral or written agreements, if any, between the
parties, with respect to its subject matter. This Agreement anticipates that
extensive due diligence shall have been performed by both parties. All due
diligence shall have been completed by the Parties no later than September
15th, 2008.

       

      I.
RECITALS

       

      1.
The Parties to this Agreement:

      

      (1.1) Exercise for Life Systems, Inc.
("EFLS"), a North Carolina corporation.

      

      (1.2) A.J. Glaser, Inc.
(“AJG”), a New
Jersey corporation.

      

      2.
The Common Stock of the Parties:

      

      (2.1)
The Common Stock of EFLS
consists of 100,000,000 authorized shares of Common Stock, par value $.0001, of
which 11,377,150 shares are issued and outstanding.

      

      (2.2) The Common Stock of AJG
consists of 100 authorized shared of Common Stock, par value is $1.00 of which
100 shares are issued and outstanding.

      

      3. Transaction Descriptive Summary:
EFLS desires to acquire AJG and the shareholders of AJG desire that AJG
be acquired by EFLS. EFLS would acquire 100% of the capital stock of Glaser in
exchange for the issuance by EFLS of 100 new shares of Common Stock to AJG,
which will give AJG an interest in EFLS representing less
than .01% of the issued and outstanding shares. The transaction will immediately
close upon the approval of Board of Directors of EFLS and AJG, respectively. The
parties intend that the transactions qualify and meet the Internal Revenue Code
requirements for a tax free reorganization, in which there is no corporate gain
or loss recognized by the parties, with reference to Internal Revenue Code (IRC)
sections 354 and 368.

       

      4. New Jersey compliance  Articles
of Exchange are required to be filed by New Jersey law as the last act to
make the plan of exchange final and effective under New
Jersey law.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      II.
PLAN OF EXCHANGE

      

      1.
Conditions Precedent to Closing.

      

      The
obligation of the parties to consummate the transactions contemplated herein are
subject to the fulfillment or waiver prior to the closing of the following
conditions precedent:

       

            
(1.1) Shareholder Approval. AJG
and EFLS shall have secured their shareholder approvals for this transaction, if
required, in accordance with the laws of its place of incorporation and its
constituent documents.

       

      (1.2) Board of Directors. The
Boards of Directors of each of AJG and EFLS shall have approved the transaction
and this agreement, in accordance with the laws of its place of incorporation
and its constituent documents.

       

      (1.3) Due Diligence Investigation.
Each party shall have furnished to the other party all corporate and financial
information which is customary and reasonable, to conduct its respective due
diligence, normal for this kind of transaction. If either party determines that
there is a reason not to complete the Plan of Exchange as a result of their due
diligence examination, then they must give written notice to the other party
prior to the expiration of the due diligence examination period. The due
diligence period, for purposes of this paragraph, shall have expired on
September 15th,
2008.  The Closing Date shall be three days after the satisfaction or
waiver of all of the conditions precedent to closing set forth in this Plan of
Exchange, unless extended to a later date by mutual agreement of the
parties.

       

      (1.4) The rights of dissenting
shareholders, if any, of each party shall have been satisfied and the
Board of Directors of each party shall have determined to proceed with the Plan
of exchange.

       

      (1.5) All of the terms, covenants and
conditions of the Plan of exchange to be complied with or performed by
each party before Closing shall have been complied with, performed or waived in
writing;

       

      2.
Conditions Concurrent and Subsequent to Closing.

      

      (2.1) Delivery of Common Stock of
AJG. Immediately upon or within 30 days from the date of this agreement,
EFLS shall have 100% of the beneficial interest of A.J. Glaser,
Inc.

      

       (2.2) Acquisition Share Issuance and
Purchase of Common Stock. Immediately upon the Closing, EFLS shall issue
to the AJG Shareholders 100 new investment shares of Common Stock of EFLS to the
AJG Shareholders in exchange for 100% of the common stock of AJG, which will
give AJG an interest in EFLS representing less than .01% of the
issued and outstanding shares.

       

      3.
Plan of Exchange

      

      (3.1) Exchange and Reorganization:
EFLS and AJG
shall be hereby reorganized, such that EFLS shall acquire 100% the common stock
of AJG, and AJG shall become a wholly-owned subsidiary of EFLS.

      

      (3.2) Issuance of Common Stock:
Within 60 days upon the effective date of the Plan, EFLS shall issue 100 new
investment shares of Common Stock of EFLS to or for the AJG
Shareholders.

      

       (3.3) Closing/Effective Date:
The Plan of exchange shall become effective immediately upon approval and
adoption by the parties hereto, in the manner provided by the law of the places
of incorporation and constituent corporate documents, and upon compliance with
governmental filing requirements and the filing of Articles of Exchange, if
applicable under State Law. Closing shall occur upon the approval by the Board
of Directors of the parties hereto or are waived by the parties.

      

      (3.4) Surviving Corporations:
Both corporations shall survive the exchange and reorganization herein
contemplated and shall continue to be governed by the laws of its respective
jurisdiction of incorporation.

      

      (3.5) Rights of Dissenting
Shareholders: Each Party is the entity responsible for the rights of its
own dissenting shareholders, if any.

      

       (3.6) Service of Process and
Address: Each corporation shall continue to be amenable to service of
process in its own jurisdiction, exactly as before this
acquisition.  The address of EFLS is East Field Rd, Suite 200-311,
Huntersville, North Carolina 28078. The address of AJG is 260 Prospect Ave,
Hackensack, New Jersey 07601.

      

       (3.7) Surviving Articles of
Incorporation: the Articles of Incorporation of each Corporation shall
remain in full force and effect, unchanged.

      

      (3.8) Surviving By-Laws: the
By-Laws of each Corporation shall remain in full force and effect,
unchanged.

      

      (3.9) Further Assurance, Good Faith and
Fair Dealing: the Directors of each Company shall and will execute and
deliver any and all necessary documents, acknowledgments and assurances and do
all things proper to confirm or acknowledge any and all rights, titles and
interests created or confirmed herein; and both companies covenant expressly
hereby to deal fairly and in good faith with each other and each others
shareholders. In furtherance of the parties desire, as so expressed, and to
encourage timely, effective and businesslike resolution the parties agree that
any dispute arising between them, capable of resolution by arbitration, shall be
submitted to binding arbitration. As a further incentive to private resolution
of any dispute, the parties agree that each party shall bear its own costs of
dispute resolution and shall not recover such costs from any other
party.

      

      (3.10) General Mutual Representations
and Warranties. The purpose and general import of the Mutual
Representations and Warranties, are that each party has made appropriate full
disclosure to the others, that no material information has been withheld, and
that the information exchanged is accurate, true and correct. These warranties
and representations are made by each party to the other, unless otherwise
provided in this agreement, and they speak and shall be true immediately before
Closing.

      

      
        	
                 
      

              	
                 (3.10.1) Organization and
      Qualification. Each corporation is duly organized and in good
      standing, and is duly qualified to conduct any business it may be
      conducting, as required by law or local
  ordinance.

              

      

      

      
        	
                 
      

              	
                (3.10.2) Corporate Authority.
      Each corporation has corporate authority, under the laws of its
      jurisdiction and its constituent documents, to do each and every element
      of performance to which it has agreed, and which is reasonably necessary,
      appropriate and lawful, to carry out this Agreement in good
      faith.

              

      

      

      
        	
                 
      

              	
                (3.10.3) Ownership of Assets and
      Property. Each corporation has lawful title and ownership of it
      property as reported to the other, and as disclosed in its financial
      statements.

              

      

      

      
        	
                 
      

              	
                (3.10.4) Absence of Certain Changes or
      Events. Each corporation has not had any material changes of
      circumstances or events which have not been fully disclosed to the other
      party, and which, if different than previously disclosed in writing, have
      been disclosed in writing as currently as is reasonably
      practicable.  Specifically, and without
    limitation:

              

      

      

      
        	
                 
      

              	
                   (3.10.4-a) the business of each
      corporation shall be conducted only in the ordinary and usual course and
      consistent with its past practice, and neither party shall purchase or
      sell (or enter into any agreement to so purchase or sell) any properties
      or assets or make any other changes in its operations, respectively, taken
      as a whole, or provide for the issuance of, agreement to issue or grant of
      options to acquire any shares, whether common, redeemable common or
      convertible preferred, in connection
therewith;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-b) Except as set forth in
      this Plan of Exchange, neither corporation shall (i) amend its Articles of
      Incorporation or By-Laws, (ii) change the number of authorized or
      outstanding shares of its capital stock, or (iii) declare, set aside or
      pay any dividend or other distribution or payment in cash, stock or
      property to the extent that which might contradict or
      not  comply with any clause or condition set forth in this Plan
      of Exchange;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-c) Neither corporation
      shall (i) issue, grant or pledge or agree or propose to issue, grant, sell
      or pledge any shares of, or rights of any kind to acquire any shares of,
      its capital stock, (ii) incur any indebtedness other than in the ordinary
      course of business, (iii) acquire directly or indirectly by redemption or
      otherwise any shares of its capital stock of any class or (iv) enter into
      or modify any contact, agreement, commitment or arrangement with respect
      to any of the foregoing;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-d) Except in the ordinary
      course of business, neither party shall (i) increase the compensation
      payable or to become payable by it to any of its officers or directors;
      (ii) make any payment or provision with respect to any bonus, profit
      sharing, stock option, stock purchase, employee stock ownership, pension,
      retirement, deferred compensation, employment or other payment plan,
      agreement or arrangement for the benefit of its employees (iii) grant any
      stock options or stock appreciation rights or permit the exercise of any
      stock appreciation right where the exercise of such right is subject to
      its discretion (iv) make any change in the compensation to be received by
      any of its officers; or adopt, or amend to increase compensation or
      benefits payable under, any collective bargaining, bonus, profit sharing,
      compensation, stock option, pension, retirement, deferred compensation,
      employment, termination or severance or other plan, agreement, trust, fund
      or arrangement for the benefit of employees, (v) enter into any agreement
      with respect to termination or severance pay, or any employment agreement
      or other contract or arrangement with any officer or director or employee,
      respectively, with respect to the performance or personal services that is
      not terminable without liability by it on thirty days notice or less, (vi)
      increase benefits payable under its current severance or termination, pay
      agreements or policies or (vii) make any loan or advance to, or enter into
      any written contract, lease or commitment with, any of its officers or
      directors;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-e) Neither party shall
      assume, guarantee, endorse or otherwise become responsible for the
      obligations of any other individual, firm or corporation or make any loans
      or advances to any individual, firm or corporation, other than obligations
      and liabilities expressly assumed by the other that
  party;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-f) Neither party shall
      make any investment of a capital nature either by purchase of stock or
      securities, contributions to capital, property transfers or otherwise, or
      by the purchase of any property or assets of any other individual, firm or
      corporation.

              

      

      

      
        	
                 
      

              	
                (3.10.5) Absence of Undisclosed
      Liabilities. Each corporation has, and has no reason to anticipate
      having, any material liabilities which have not been disclosed to the
      other, in the financial statements or otherwise in
  writing.

              

      

      

      
        	 	
                (3.10.6) Legal Compliance. Each
      corporation shall comply in all material respects with all Federal, state,
      local and other governmental (domestic or foreign) laws, statutes,
      ordinances, rules, regulations (including all applicable securities laws),
      orders, writs, injunctions, decrees, awards or other requirements of any
      court or other governmental or other authority applicable to each of them
      or their respective assets or to the conduct of their respective
      businesses, and use their best efforts to perform all obligations under
      all contracts, agreements, licenses, permits and undertaking without
      default.

              

      

      

      
        	
                 
      

              	
                 (3.10.7) Legal Proceedings.
      Each corporation has no legal proceedings, administrative or regulatory
      proceeding, pending or suspected, which have not been fully disclosed in
      writing to the other.

              

      

      

      
        	
                 
      

              	
                 (3.10.8) No Breach of Other
      Agreements.  This Agreement, and the faithful performance
      of this agreement, will not cause any breach of any other existing
      agreement, or any covenant, consent decree, or undertaking by either, not
      disclosed to the other.

              

      

      

      
        	
                 
      

              	
                (3.10.9) Capital Stock. The
      issued and outstanding shares and all shares of capital stock of each
      corporation is as detailed herein, that all such shares are in fact issued
      and outstanding, duly and validly issued, were issued as and are fully
      paid and non-assessable shares, and that, other than as represented in
      writing, there are no other securities, options, warrants or rights
      outstanding, to acquire further shares of such
  corporation.

              

      

      

      
        	
                 
      

              	
                 (3.10.10) Brokers' or Finder's
      Fees. Each corporation is not aware of any claims for brokers'
      fees, or finders' fees, or other commissions or fees, by any person not
      disclosed to the other, which would become, if valid, an obligation of
      either company.

              

      

      

      (3.11) Miscellaneous
Provisions

      

      
        	
                 
      

              	
                (3.1.1) Except as required by
      law, no party shall provide any information concerning any aspect of the
      transactions contemplated by this Agreement to anyone other than their
      respective officers, employees and representatives without the prior
      written consent of the other parties hereto. The aforesaid obligations
      shall terminate on the earlier to occur of (a) the Closing, or (b) the
      date by which any party is required under its articles or bylaws or as
      required by law, to provide specific disclosure of such transactions to
      its shareholders, governmental agencies or other third parties. In the
      event that the transaction does not close, each party will return all
      confidential information furnished in confidence to the
      other.  In addition, all parties shall consult with each other
      concerning the timing and content of any press release or news release to
      be issued by any of them.

              

      

      

      
        	
                 
      

              	
                 (3.11.2) This Agreement may be
      executed simultaneously in two or more counterpart originals. The parties
      can and may rely upon facsimile signatures as binding under this
      Agreement, however, the parties agree to forward original signatures to
      the other parties as soon as practicable after the facsimile signatures
      have been delivered.

              

      

      

      
        	
                 
      

              	
                 (3.11.3) The Parties to this
      agreement have no wish to engage in costly or lengthy litigation with each
      other. Accordingly, any and all disputes which the parties cannot resolve
      by agreement or mediation, shall be submitted to binding arbitration under
      the rules and auspices of the American Arbitration Association. As a
      further incentive to avoid disputes, each party shall bear its own costs,
      with respect thereto, and with respect to any proceedings in any court
      brought to enforce or overturn any arbitration award. This provision is
      expressly intended to discourage litigation and to encourage orderly,
      timely and economical resolution of any disputes which may
      occur.

              

      

      

      
        	
                 
      

              	
                (3.11.4) If any provision of
      this Agreement or the application thereof to any person or situation shall
      be held invalid or unenforceable, the remainder of the Agreement and the
      application of such provision to other persons or situations shall not be
      effected thereby but shall continue valid and enforceable to the fullest
      extent permitted by law.

              

      

      

      
        	
                 
      

              	
                (3.11.5) No waiver by any party
      of any occurrence or provision hereof shall be deemed a waiver of any
      other occurrence or provision.

              

      

      

      
        	 	
                (3.11.6) The parties
      acknowledge that both they and their counsel have been provided ample
      opportunity to review and revise this agreement and that the normal rule
      of construction shall not be applied to cause the resolution of any
      ambiguities against any party presumptively. The Agreement shall be
      governed by and construed in accordance with the laws of the State of
      North Carolina.

              

      

       

      4. Termination. The Plan of
exchange may be terminated by written notice, at any time prior to closing, (i)
by mutual consent, (ii) by either party during the due diligence phase, (iii) by
either party, in the event that the transaction represented by the anticipated
Plan of exchange has not been implemented and approved by the proper
governmental authorities 60 days from the date of this Agreement, or (v) by
either party in the event that a condition of closing is not met by September
15th, 2008.
In the event that termination of the Plan of exchange by either or both, as
provided above, the Plan of exchange shall forthwith become void and there shall
be no liability on the part of either party or their respective officers and
directors.

       

      5. Closing.  The
parties hereto contemplate that the closing of this Plan of Exchange shall occur
no more than three days after all of the conditions precedent have been met or
waived.  The closing deliveries will be made pursuant to this
Agreement. In addition, within 60 days of signing the Plan of Exchange, EFLS shall issue 100 new investment shares of Common Stock of
EFLS pursuant to Regulation D under the Securities Act of 1933, as
amended, to the AJG
shareholders and EFLS
shall acquire 100% of the capital
stock of AJG..

       

      6.  Merger
Clause.  This Plan of Exchange constitute the entire agreement
of the parties hereto with respect to the subject matter hereof, and such
document supersedes all prior understandings or agreements between the parties
hereto, whether oral or written, with respect to the subject matter hereof, all
of which are hereby superceded, merged and rendered null and void.

       

      IN WITNESS
WHEREOF, The parties hereto, intending to be bound, hereby sign this Plan
of Exchange below as of the date first written above.

       

      Exercise
for Life Systems, Inc.

       

      /s/
Slazer, Adam, President

      Slazer,
Adam, President

      

       

      A.J.
Glaser, Inc

       

      

      /s/
Slazer, Adam, President

      Slazer,
Adam, President

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