Sales Contract of Electric VehiclesSales Contract • October 1st, 2012 • Kandi Technologies Corp • Motor vehicles & passenger car bodies • Zhejiang
China Aviation Lithium Battery (Hangzhou) Co., Ltd. (hereinafter referred to as “Party A”) wishes to purchase electric vehicles (without battery) from Zhejiang Kandi Vehicles Co., Ltd. ( hereinafter referred to as “Party B”) in order to implement the large-scale electric vehicle promotion project in Hangzhou. Party A shall initially purchase 5, 000 pure electric vehicles according to letter of intent which has been signed previously. The following clauses have been reached through friendly negotiation and discussion between the two parties.
