10,000,000 Shares BLOUNT INTERNATIONAL, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • December 16th, 2004 • Blount International Inc • Ordnance & accessories, (no vehicles/guided missiles) • New York
Lehman Brothers Merchant Banking Partners II L.P. and certain of its affiliates and Teachers Insurance and Annuity Association of America (the “Selling Shareholders”) propose, severally and not jointly, to sell 10,000,000 shares (the “Firm Stock”) of the common stock (the “Common Stock”), par value $0.01 per share, of Blount International, Inc., a Delaware corporation (the “Company”), in such proportion as set forth in Schedule 3 hereto. In addition, the Selling Shareholders propose, severally and not jointly, to grant to the Underwriters named in Schedule 1 hereto (the “Underwriters”) an option to purchase up to an additional 1,500,000 shares of the Common Stock in such proportion as set forth in Schedule 3 hereto on the terms and for the purposes set forth in Section 3 (the “Option Stock”). The Firm Stock and the Option Stock, if purchased, are hereinafter collectively called the “Stock.” This is to confirm the agreement concerning the purchase of the Stock from the Selling Sharehold
