0000278041-13-000019 Sample Contracts

250,000 Shares International Shipholding Corporation ($1.00 par value per share) Underwriting Agreement

Underwriting Agreement • February 21st, 2013 • International Shipholding Corp • Deep sea foreign transportation of freight • New York

• Contract Type
  Underwriting Agreement
• Filed
  February 21st, 2013
• Company
  International Shipholding Corp
• Industry
  Deep sea foreign transportation of freight
• Jurisdiction
  New York

International Shipholding Corporation, a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell an aggregate of 250,000 shares (the “Firm Shares”) of its 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock, $1.00 par value per share, liquidation preference $100.00 per share (the “Series A Preferred Shares”), to DNB Markets, Inc., and Incapital LLC (the “Underwriters”). In addition, the Company proposes to grant to the Underwriters an option to purchase up to 37,500 additional shares of Series A Preferred Shares (the “Optional Shares”). The Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof are collectively called the “Shares.”