FORM OF PRIVATE PLACEMENT WARRANT] KANDI TECHNOLOGIES GROUP, INC. WARRANT TO PURCHASE COMMON STOCKWarrant to Purchase Common Stock • January 16th, 2014 • Kandi Technologies Group, Inc. • Motor vehicles & passenger car bodies • New York
Kandi Technologies Group, Inc., a Delaware corporation (the “Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, [BUYER], the registered holder hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, upon exercise of this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, the “Warrant”), at any time or times on or after (the “Initial Exercisability Date”), but not after 5:00 p.m., New York time, on the Expiration Date (as defined below), [______________] (subject to adjustment as provided herein) fully paid and non-assessable shares of Common Stock (as defined below) (the “Warrant Shares”). Except as otherwise defined herein, capitalized terms in this Warrant shall have the meanings set forth in S
KANDI TECHNOLOGIES GROUP, INC. WARRANT SUBSCRIPTION AGREEMENTWarrant Subscription Agreement • January 16th, 2014 • Kandi Technologies Group, Inc. • Motor vehicles & passenger car bodies • New York
This Subscription Agreement (this “Agreement”) is entered into as of the date set forth on the signature page hereof by and between Kandi Technologies Group, Inc., a Delaware corporation (the “Company”), and the undersigned investor (together with its successors and permitted assigns, the “Investor”). In connection with a private placement offering by the Company to accredited investors (the “Private Placement Offering”), the Investor hereby subscribes for and agrees to purchase from the Company a warrant, in the form attached hereto as Exhibit A (the “Warrant”), to purchase shares of common stock, par value $0.001 per share, of the Company (“Common Stock”), as set forth below:
