[KANDI TECHNOLOGIES, CORP. Issuance Date Date of Issuance: December [___], 2010 (“ Company Holder 1 Buyers Securities Purchase Agreement Kandi Technologies, Corp., a Delaware corporation (the “ 1 1. Mechanics of Exercise (a) Exercise Notice Aggregate Exercise Price st Transfer Agent rd DTC Exercise Price (b) Exercise Price 2 Company’s Failure to Timely Deliver Securities (c) rd Buy-In Price Cashless] [SECURITIES PURCHASE AGREEMENT SECURITIES PURCHASE AGREEMENT Agreement Company Buyer Buyers This RECITALS Registration Statement 1933 Act SEC Common Stock Common Shares B. Each Buyer wishes to purchase, and the Company wishes to sell, upon the terms stated in this Agreement, (i) the aggregate number of shares of common stock, $0.001 par value per share, of the Company (the “ Securities] [Kandi Technologies Announces Registered Direct Placement of Approximately $16.6 Million of Common Stock JINHUA, CHINA — December 21, 2010 - Kandi Technologies, Corp. ("Kandi" or the "Company"), The net proceeds from this offering will be used for general working capital purposes. The completion of the placement will occur on or about December 23, 2010. FT Global Capital, Inc. acted as] [FORM 8-K CURRENT REPORT Date of Report (Date of earliest event reported): December 21, 2010 KANDI TECHNOLOGIES, CORP. Delaware 001-33997 90-0363723 (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) Jinhua City Industrial Zone Jinhua, Zhejiang Province People’s Republic of China Post Code 321016 (86-0579) 82239851 see ¨ ¨ ¨ ¨]