[EXECUTION VERSION KANDI TECHNOLOGIES GROUP, INC. W ARRANT T O P URCHASE C OMMON S TOCK Issuance Date Company Holder Initial Exercisability Date Subscription Date Buyer Buyers Subscription Agreement Kandi Technologies Group, Inc., a Delaware corporation (the “ 1. Mechanics of Exercise Exercise Notice Aggregate Exercise Price st Transfer Agent (a) rd DTC On or before the third (3 Exercise] [EXECUTION VERSION KANDI TECHNOLOGIES GROUP, INC. Agreement Company Investor Private Placement Offering Common Stock This Subscription Agreement (this “ [Insert Name of Investor] Subscriber Address: State of Incorporation: Number of Shares Issuable Upon (the “ $ 0.01 Total Purchase Price: Purchase Price $_____________(the “ $ 15.00 Subscription; Placement Agent Securities 1. Effective Date Placement Agent (c) In connection with the] [FORM 8-K CURRENT REPORT January 16, 2014 KANDI TECHNOLOGIES GROUP, INC. Delaware 001-33997 90-0363723 (State of Incorporation) (IRS Employer Identification) Jinhua City Industrial Zone Item 1.01 Entry into a Material Definitive Agreement Item 3.02 Unregistered Sales of Equity Securities Item 8.01 Other Events Item 9.01 4.1 10.1 KANDI TECHNOLOGIES GROUP, INC. Hu Xiaoming Its: Chief Executive Officer and Chairman of]