Exhibit 10.1
 
AGREEMENT AND PLAN OF MERGER
 
AGREEMENT AND PLAN OF MERGER, dated as of April 27, 2011 (this “Agreement”), by
and among ALPINE ALPHA 3, LTD., a Delaware corporation (the “Company”), and
ZHANGWO USA HOLDINGS GROUP, INC., a Delaware corporation (“Target”).

W I T N E S S E T H:
 
WHEREAS, the respective Boards of Directors of Target and the Company have
determined that it is fair to and in the best interests of their respective
stockholders to consummate the  acquisition of Target by the Company upon the
terms and subject to the conditions set forth herein; and

WHEREAS, the authorized capital stock of the Company consists of 50,000,000
shares of Common Stock, par value $.001 per share (”Company Common Stock”), of
which on the date of this Agreement 19,856,478 shares are issued and outstanding
and 1,000,000 shares of Preferred Stock, par value $.001 per share (“Preferred
Stock”), of which on the date hereof no shares of Preferred Stock are issued and
outstanding; and

WHEREAS, the authorized capital stock of Target consists of 100 shares of Common
Stock, par value $.001 per share (“Target Common Stock”), of which, on the date
of this Agreement 100 shares are issued and outstanding, which are owned by the
Company; and

WHEREAS, the respective Boards of Directors of the Company and Target have
approved and declared advisable this Agreement and the merger of Target with and
into the Company (the “Merger”) upon the terms and conditions set forth herein;
and

WHEREAS, for federal income tax purposes, it is intended that the Merger shall
qualify as a reorganization within the meaning of Section 368(a)(1)(A) of the
Internal Revenue Code of 1986, as amended (the “Code”).

NOW, THEREFORE, in consideration of the representations, warranties, covenants
and agreements contained in this Agreement, intending to be legally bound
hereby, the parties hereto agree as follows:

ARTICLE I
THE MERGER

SECTION 1.1 The Merger.  (a) Upon the terms and subject to the conditions of
this Agreement, and in accordance with Section 253 of Delaware General
Corporation Law (“DGCL”), at the Effective Time Target shall be merged with and
into the Company, whereupon the separate existence of Target shall cease, and
the Company shall be the surviving corporation (the "Surviving Corporation") in
the Merger and shall continue to be governed by the laws of the State of
Delaware.
 
 
 

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(b)  Subject to the fulfillment of the conditions of this Agreement, on the
Closing Date the Surviving Corporation will cause a certificate of ownership and
merger (the "Certificate of Merger") with respect to the Merger to be executed
and filed with the Secretary of State of Delaware (the "Delaware Secretary of
State") as provided in the DGCL. The Merger shall become effective at the time
the Certificate of Merger are duly filed with the Delaware Secretary of State or
at such other time as is agreed between the parties and specified in the
Certificate of Merger, and such time is herein referred to as the "Effective
Time."
 
(c)  From and after the Effective Time, the Surviving Corporation shall possess
all the rights, privileges, powers and franchises and be subject to all of the
restrictions, disabilities, liabilities and duties of the Company and Target.
 
SECTION 1.2  Effect on Shares.  At the Effective Time:
 
(a) Conversion of Shares; Merger Consideration.  Subject to the provisions of
Section 1.4 and Section 3.1 hereof:

(i) each share of Target Common Stock issued and outstanding immediately prior
to the Effective Time shall by virtue of the Merger and without any action on
the part of the holder thereof be cancelled and cease to exist.

(ii)  each share of Company Common Stock issued and outstanding immediately
prior to the Effective Time shall be continue to remain issued and outstanding.

(b)  Cancellation of Shares.  Each share of Target Common Stock held by Target
as treasury stock or owned by Target immediately prior to the Effective Time
shall automatically be cancelled and retired and cease to exist, and no payment
shall be made with respect thereto.
 
ARTICLE II
CLOSING

SECTION 2.1 Closing.  The closing of the Merger and the other transactions
referred to in this Agreement (the "Closing") will take place as soon as
practicable after satisfaction or waiver of all of the conditions set forth in
Article VII hereof (the "Closing Date"), at a time specified by the parties, at
the offices of Guzov Ofsink, LLC, 900 Third Avenue, 5th Floor, New York, New
York 10022 unless another time, date or place is agreed to in writing by the
parties hereto.
 
SECTION 2.2 Deliveries by the Company.  At the Closing, the Company will deliver
or cause to be delivered to Target, unless previously delivered, such documents
required to be delivered by the Company at or prior to the Closing pursuant to
this Agreement or in connection herewith.
 
 
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SECTION 2.3 Deliveries by Target.  At the Closing, Target will deliver, or cause
to be delivered to the Company, unless previously delivered, such documents
required to be delivered by Target at or prior to the Closing pursuant to this
Agreement or in connection herewith.
 
ARTICLE III
THE SURVIVING CORPORATION

SECTION 3.1 Amendment to Certificate of Incorporation of Surviving
Corporation.  At the Effective Time Article FIRST of the Certificate of
Incorporation of the Company shall be amended to read in its entity as follows:
 
“The name of this corporation shall be CHINA BUS GROUP COMPANY.”
 
 At the Effective Time the Articles of Incorporation, as amended hereby, shall
be the Articles of Incorporation of the Surviving Corporation until amended in
accordance with applicable law.
 
SECTION 3.2 Bylaws.  The by-laws of the Company in effect at the Effective Time
shall be the by-laws of the Surviving Corporation until amended in accordance
with applicable law.
 
SECTION 3.3 Directors and Officers.  From and after the Effective Time, until
successors are duly elected or appointed and qualified in accordance with
applicable law, the directors and officers of the Company at the Effective Time
shall be the directors and officers of the Surviving Corporation.
 
ARTICLE IV
COVENANTS OF THE COMPANY AND TARGET
 
The Company and Target agree that:

SECTION 4.1  Conduct.  Except as contemplated by this Agreement, from the date
hereof until the Effective Time, each of the Company and Target shall conduct
its business only in the ordinary course and shall use its reasonable efforts to
preserve intact its business organizations and relationships with suppliers,
customers, employees, creditors and other third parties and to keep available
the services of its present officers and employees.

SECTION 4.2 Reasonable Efforts: Cooperation.  (a)  Upon the terms and subject to
the conditions set forth in this Agreement, each of Target and the Company
agrees to use its reasonable efforts to take, or cause to be taken, all actions,
and to do, or cause to be done, and to assist and cooperate with the other
parties in doing, all things necessary, proper or advisable, to consummate and
make effective, in the most expeditious manner practicable, the Merger and the
other transactions contemplated by this Agreement
 
 
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 (b)  Each of Target and the Company shall use its reasonable efforts not to
take any action, or to enter into any transaction, which would cause any of its
representations or warranties contained in this Agreement to be untrue in any
material respect or to result in a material breach of any of its covenants in
this Agreement.
 
SECTION 4.3 Further Assurances.  At and after the Effective Time, the officers
and directors of the Surviving Corporation will be authorized to execute and
deliver, in the name and on behalf of the Company, any deeds, bills of sale,
assignments or assurances and to take and do, in the name and on behalf of the
Company, any other actions and things to vest, perfect or confirm of record or
otherwise in the Surviving Corporation any and all right, title and interest in,
to and under any of the rights, properties or assets of the Company acquired or
to be acquired by the Surviving Corporation as a result of, or in connection
with, the Merger.
 
ARTICLE V
CONDITIONS TO THE MERGER
 
SECTION 5.1 Conditions to the Obligations of Each Party.  The obligations of the
Company and Target to consummate the Merger are subject to the satisfaction on
or prior to the Effective Time of the following conditions, subject, to the
extent permitted by applicable law, that such conditions may be waived by the
Company and Target:
 
(a)           Approvals.  All authorizations, consents, orders, declarations or
approvals of, or filings with, or terminations or expirations of waiting periods
imposed by, any governmental entity, shall have been obtained, shall have been
made or shall have occurred.
 
(b)           No Injunction or Litigation.  (i) No provision of any applicable
law or regulation and no judgment, injunction, order or decree shall make
illegal or otherwise restrict, prevent or prohibit the consummation of the
Merger or any transactions contemplated hereby and (ii) there shall not have
been instituted or be pending, or threatened, any suit, action or proceeding by
(x) any governmental entity to restrain, prohibit or invalidate the Merger or
(y) by any other person which is more likely than not to have such effect.
 
SECTION 5.2 Conditions to the Obligations of the Company.  The obligations of
the Company to consummate the Merger are subject to the satisfaction on or prior
to the Effective Time of the following conditions, subject, to the extent
permitted by applicable law, that such conditions may be waived by the Company:
 
 
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(a)  Performance of Obligations of Target.  Target will have performed in all
material respects its agreements and covenants contained in or contemplated by
this Agreement which are required to be performed by it at or prior to the
Effective Time.
 
(b)           Material Adverse Effect, Etc.  Since the date of this Agreement,
there shall have been no event, occurrence or facts which have or would
reasonably be expected to have a material adverse effect with respect to Target.
 
SECTION 5.3 Conditions to the Obligations of Target.  The obligations of Target
to consummate the Merger are subject to the satisfaction on or prior to the
Effective Time of the following conditions, subject, to the extent permitted by
applicable law, that such conditions maybe waived by Target:
 
(a)           Performance of Obligations of the Company.  The Company will have
performed in all material respects its agreements and covenants contained in or
contemplated by this Agreement which are required to be performed by it at or
prior to the Effective Time.
 
 (b)           Material Adverse Effect, Etc.  Since the date of this Agreement,
there shall have been no event, occurrence or facts which have or would
reasonably be expected to have a material adverse effect with respect to the
Company.
 
ARTICLE VI
TERMINATION
 
SECTION 6.1 Termination.  This Agreement may be terminated and the Merger may be
abandoned at any time prior to the Effective Time (notwithstanding any approval
of this Agreement by the stockholders of the Company) by mutual written consent
of the Company and Target.
 
SECTION 6.2  Effect of Termination.  If this Agreement is terminated pursuant to
Section 6.1 hereof, this Agreement shall become void and of no effect with no
liability on the part of any party hereto; provided that nothing contained in
this Section 6.2 shall relieve any party from liability for any breach of this
Agreement.

ARTICLE VII
MISCELLANEOUS
 
SECTION 7.1  Notices.  All notices, requests and other communications to any
party hereunder shall be in writing (including facsimile or similar writing) and
shall be given,
 
if to Target, to:
 
 
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Zhangwo USA Holdings Group, Inc.
Sitaizi Tengfei Building, 3rd Fl,
Huanggu District, Shenyang, PRC 110034
Attn: Mr. Zhangwo Xu, Chief Executive Officer
Fax: 011- 86-24-8973-6666

if to the Company, to:
 
Alpine Alpha 3, Ltd.
Sitaizi Tengfei Building, 3rd Fl,
Huanggu District, Shenyang, PRC 110034
Attn: Mr. Zhangwo Xu, Chief Executive Officer
Fax: 011- 86-24-8973-6666
 
or such other address or facsimile number as such party may hereafter specify
for the purpose by notice to the other parties hereto. Each such notice, request
or other communication shall be effective (a) if given by facsimile, when such
facsimile is transmitted to the facsimile number specified in this Section 7.1
and the appropriate facsimile confirmation is received or (b) if given by any
other means, when delivered at the address specified in this Section 7.1.
 
SECTION 10.2 Amendments; No Waivers.  (a) Except as may otherwise be provided
herein, any provision of this Agreement may be amended or waived prior to the
Effective Time if, and only if, such amendment or waiver is in writing and
signed, in the case of an amendment, by the Company or Target or, in the case of
a waiver, by the party against whom the waiver is to be effective; provided that
no such amendment or waiver shall, without the further approval of such
stockholders, alter or change (i) the amount or kind of consideration to be
received in exchange for any shares of capital stock of the Company or Target or
(ii) any of the terms or conditions of this Agreement if such alteration or
change could adversely affect the holders of any shares of capital stock of the
Company or Target.
 
(b) No failure or delay by any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof nor shall any single or partial
exercise thereof preclude any other or further exercise thereof or the exercise
of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by law.
 
SECTION 7.2  Successors and Assigns.  The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, provided that no party may assign, delegate or otherwise
transfer any of its rights or obligations under this Agreement without the
consent of the other parties hereto.
 
 
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SECTION 7.3  Governing Law.  This Agreement shall be construed in accordance
with and governed by the laws of the State of Delaware.
 
SECTION 7.4 Severability.  In case any one or more of the provisions contained
in this Agreement should be invalid, illegal or unenforceable in any respect
against a party hereto, the validity, legality and enforceability of the
remaining provisions contained herein shall not in any way be affected or
impaired thereby and such invalidity, illegality or unenforceability shall only
apply as to such party in the specific jurisdiction where such judgment shall be
made.
 
SECTION 7.5 No Third Party Beneficiaries.  No provision of this Agreement is
intended to confer upon any Person other than the parties hereto any rights or
remedies hereunder.
 
SECTION 7.6 Entire Agreement.  This Agreement, including any exhibits or
schedules hereto constitutes the entire agreement among the parties hereto with
respect to the subject matter hereof and supersedes all other prior agreements
or undertaking with respect thereto, both written and oral.
 
SECTION 7.7 Counterparts; Effectiveness.  This Agreement may be signed in any
number of counterparts, all of which shall be an original, with the same effect
as if considered one and the same instrument.  This Agreement shall become
effective when each party hereto shall have received counterparts hereof signed
by all of the other parties hereto.
 
 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective authorized officers as of the day and year first
above written.
 

 
ZHANGWO USA HOLDINGS GROUP, INC.
           
By:
/s/ Zhangwo Xu     Name: Zhangwo Xu     Title: Chief Executive Officer          
          ALPINE ALPHA 3, LTD.             By: /s/ Zhangwo Xu     Name: Zhangwo
Xu     Title: Chief Executive Officer  

 
 
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