Exhibit 3.1
AGREEMENT AND PLAN OF MERGER
This Agreement and Plan of Merger (this "Agreement"), is made this
_26th____ day of _September____2007, by and between Senior Management Services
of El Paso Sunset, Inc., a Texas corporation ("SMSA Texas"), and SMSA El Paso 1
Acquisition Corp., a Nevada corporation ("SMSA Nevada. "). SMSA Nevada is
sometimes hereinafter referred to as the "Surviving Corporation and the two
corporate parties hereto being sometimes collectively referred to as the
"Constituent Corporations"),
This Agreement is being entered into by the Constituent Corporations
in accordance with and in furtherance of the First Amended, Modified Chapter 11
Plan Proposed by the Debtors, dated August 1, 2007 (the "Plan)' as confirmed by
Order Confirming First Amended, Modified Chapter 11 Plan Proposed by the
Debtors, signed August 1, 2007 (the "Order") in the United States Bankruptcy
Court For the Northern District of Texas, Dallas Division, Case No.
07-30230-HDH0-11, Jointly Administered, In re: Senior Management Services of
Treemont, Inc., et al., Debtors.
The Plan and Order provides that Timothy P. Halter, as sole officer
and director of SMSA Texas, is authorized to execute any necessary documents to
meet statutory requirements for filing the necessary documents with the States
of Texas and Nevada to effectuate the terms of the Plan. The Plan further
provides no additional authorization shall be required as the Order will be
equivalent of necessary approval by officers, directors or shareholders of SMSA
Texas. As a result of the Plan, all outstanding shares of capital stock of SMSA
Texas were cancelled.
SMSA Nevada is a corporation duly organized and existing under the
laws of the State of Nevada, having an authorized capital of 100,000,000 shares
of common stock, par value $0.001, of which approximately 500,000 shares are
outstanding and 10,000,000 shares of preferred stock, par value $0.001, none of
which are outstanding.
In furtherance of the Plan, SMSA Texas shall reincorporate in the State
of Nevada and change its name to SMSA Nevada. In order to effectuate the
reincorporation of SMSA Texas in the State of Nevada, SMSA Texas desires to
merge with and into SMSA Nevada, (the "Merger").
The respective boards of directors of SMSA Texas and SMSA Nevada have
each duly approved this Agreement and Merger in accordance with applicable
provisions of the Texas Business Corporation Act and Nevada Revised Statutes
Chapter 92A.
NOW, THEREFORE, based on the foregoing provisions and in consideration
of the mutual covenants and agreements herein contained, and for the purposes of
setting forth the terms and conditions of the Merger, the parties hereto have
agreement and do hereby agree as follows:
ARTICLE I
MERGER
1.1 Agreement to Merge. The parties to this Agreement agree to effect
the Merger herein provided for, subject to the terms and conditions set forth
herein.
1.2 Effective Time of the Merger. The Merger shall be effective upon
the acceptance for filing of (i) the Articles of Merger with the Secretary of
State of Texas and (ii) the Articles of Merger with the Secretary of State of
Nevada. The date and time the Merger becomes effective is referred to as the
"Effective Time of the Merger."
1.3 Surviving Corporation. Upon the Effective Time of the Merger, SMSA
Texas shall be merged with and into SMSA Nevada, and SMSA Nevada shall be the
surviving corporation, governed by the laws of the State of Nevada (hereinafter
sometimes called the "Surviving Corporation").
1.4 Articles of Incorporation and Bylaws. Upon the Effective Time of
the Merger, the Articles of Incorporation and Bylaws of SMSA Nevada in effect
immediately prior to the Effective Time of the Merger shall be the Articles of
Incorporation and Bylaws of the Surviving Corporation, subject always to the
right of the Surviving Corporation to amend its Articles of Incorporation and
Bylaws in accordance with the laws of the State of Nevada and the provisions of
its Artricles of Incorporation and Bylaws.
1.5 Directors and Officers. The sole officer and director of SMSA
Texas in office at the Effective Time of the Merger shall be and constitute the
sole director and officer of the Surviving Corporation, for the terms elected
and/or until their respective successor(s) shall be elected or appointed and
qualified or until their sooner death, resignation or removal.
1.6 Effect of the Merger. On and after the Effective Time of the
Merger, subject to the terms and conditions of this Agreement, the separate
existence of SMSA Texas shall cease, the separate existence of SMSA Nevada,. as
the Surviving Corporation, shall continue unaffected by the Merger, except as
expressly set forth herein, and the Surviving Corporation shall succeed, without
further action, to all the properties and assets of SMSA Texas, if any, of every
kind, nature and description and to SMSA Texas' business as a going concern. The
Surviving Corporation shall also succeed to all rights, title and interests in
any real or other property, if any, owned by SMSA Texas without reversion or
impairment, without further act or deed, and without any transfer or assignment
having occurred, but subject to any existing liens thereon. All liabilities and
obligations of SMSA Texas that were not discharged pursuant to the Plan and
Order, if any, shall become the liabilities and obligations of the Surviving
Corporation and any proceedings pending against SMSA Texas that were not
discharged will be continued as if the Merger had not occurred.
1.7 Further Assurances. SMSA Texas hereby agrees that at any time, or
from time to time, as and when requested by the Surviving Corporation, or by its
successors and assigns, it will execute and deliver, or cause to be executed and
delivered in its name by its last acting officers, or by the corresponding
officers of the Surviving Corporation, all such conveyances, assignments,
transfers, deeds or other instruments, and will take or cause to be taken such
further or other action and give such assurances as the Surviving Corporation,
its successors or assigns may deem necessary or desirable in order to evidence
the transfer, vesting of any property, right, privilege or franchise or to vest
or perfect in or confirm to the Surviving Corporation, its successors and
assigns, title to and possession of all the property, rights, privileges,
powers, immunities, franchises and interests referred to in this Article I and
otherwise to carry out the intent and purposes thereof.
ARTICLE II
CAPITAL STOCK OF THE CONSTITUENT CORPORATIONS
2.1 SMSA Texas Capital Stock. As of even date herewith, there are no
shares of capital stock (SMSA Texas Stock) in SMSA Texas outstanding. All SMSA
Texas Stock in SMSA Texas was cancelled pursuant to the Plan and Order.
2.2 SMSA Nevada Capital Stock. Each share of the common stock, $0.001
par value, of SMSA Nevada (the "SMSA Nevada Common Stock") issued and
outstanding immediately prior to the Effective Time of the Merger shall continue
unchanged and remain issued and outstanding and shall be retained by the
stockholders of SMSA Nevada immediately prior to the Effective Time of the
Merger as shares of the Surviving Corporation.
ARTICLE III
TERMINATION AND AMENDMENT
3.1 Termination. This Agreement may be terminated and abandoned at any
time prior to the Effective Time of the Merger by the mutual written consent of
the Boards of Directors of SMSA Texas and SMSA Nevada.
3.2 Consequences of Termination. In the event of the termination and
abandonment of this Agreement pursuant to the provisions of Section 3.1 hereof,
this Agreement shall be of no further force or effect.
ARTICLE IV
APPROVAL OF THE MERGER AND MISCELLANEOUS
4.1 Approval. This Agreement and Merger has been authorized, adopted
and approved on behalf of the Constituent Corporations in accordance with the
laws of the States of Nevada and Texas. Articles of Merger (Nevada) and a
Articles of Merger (Texas) setting forth the information required by, and
executed and certified in accordance with the laws of Nevada and Texas shall be
filed in the appropriate offices of the States of Nevada and Texas.
4.2 Expenses. The Surviving Corporation shall pay all expenses of
carrying this Agreement into effect and accomplishing the Merger herein provided
for.
4.3 Headings. Descriptive headings are for convenience only and shall
not control or affect the meaning or construction of any provisions of this
Agreement.
4.4 Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed to be
an original instrument, and all such counterparts together shall constitute only
one original.
4.5 Modification, Amendment, etc. Any of the terms or conditions of
this Agreement may be waived at any time by the party entitled to the benefits
thereof, and this Agreement may be modified or amended at any time to the full
extent permitted by all applicable corporate laws. Any waiver, modification or
amendment shall be effective only if reduced to writing and executed by the duly
authorized representatives of the Constituent Corporations.
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IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be executed on its behalf by an officer duly authorized thereunto
as of the date first above written.
Senior Management Services of El Paso Sunset, Inc.,
a Texas corporation
/s/ Timothy P. Halter
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By: Timothy P. Halter, President and Sole Director
SMSA El Paso 1 Acquisition Corp.,
a Nevada corporation
/s/ Timothy P. Halter
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By: Timothy P. Halter, President and Sole Director