FORM OF UNDERWRITING AGREEMENT 3,500,000 Shares LAKELAND FINANCIAL CORPORATION Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • November 4th, 2009 • Lakeland Financial Corp • State commercial banks • Missouri
Lakeland Financial Corporation, an Indiana corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”) for whom you are acting as representative (the “Representative”) an aggregate of 3,500,000 shares (the “Firm Shares”) of the common stock, no par value per share, of the Company (“Common Stock”). The Company also proposes to sell to the several Underwriters, for the sole purpose of covering over-allotments in connection with the sale of the Firm Shares, at the option of the Underwriters, up to an additional 525,000 shares of Common Stock (the “Option Shares”). The Firm Shares and the Option Shares are hereinafter referred to collectively as the “Shares”.
