Alpha Lujo Electric Vehicle Pty. Ltd. entered into a stock exchange agreement to acquire Alpha Lujo, Inc. (OTCBB: ALEV) in a reverse merger transaction on March 30, 2011. Alpha Lujo will issue 50 million shares as consideration to acquire 0.5 million shares of Alpha Lujo Electric Vehicle. Upon completion of the deal, Alpha Lujo Electric Vehicle will hold 70.7% stake in Alpha Lujo, Inc. Completion of the deal is subject to the approval by shareholders of Alpha Lujo Electric Vehicle, Alpha Lujo having obtained an opinion from legal counsel of Alpha Lujo Electric Vehicle and financial audit of target. The deal has been approved by the shareholders of Alpha Lujo Electric Vehicle and by the Boards of Alpha Lujo Electric Vehicle Pty. and Alpha Lujo. The deal is expected to close on May 31, 2011. Law Office of Daniel H Luciano acted as legal advisor to Alpha Lujo, Inc. Alpha Lujo Electric Vehicle Pty. Ltd. cancelled the acquisition of Alpha Lujo, Inc. (OTCBB: ALEV) in a reverse merger transaction on March 30, 2012.