SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 19th, 2014 • Kandi Technologies Group, Inc. • Motor vehicles & passenger car bodies • New York
This SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of March 19, 2014, is by and among Kandi Technologies Group, Inc., a Delaware corporation with headquarters located at Jinhua City Industrial Zone, Jinhua, Zhejiang Province, People’s Republic of China, Post Code 321016 (the “Company”), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”).
FORM OF WARRANT] KANDI TECHNOLOGIES GROUP, INC. WARRANT TO PURCHASE COMMON STOCKWarrant to Purchase Common Stock • March 19th, 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, [BUYERS], 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 Issuance Date, but not after 11:59 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 Section 17. This
