UNDERWRITING AGREEMENTUnderwriting Agreement • June 14th, 2007 • Artesian Resources Corp • Water supply • Pennsylvania
Artesian Resources Corporation, a Delaware corporation (“Artesian Resources”), proposes, subject to the terms and conditions stated herein, to sell to Janney Montgomery Scott LLC and Edward D. Jones & Co., L.P. (collectively, the “Underwriters”) an aggregate of 1,000,000 shares of Artesian Resources’ Class A Non-Voting Common Stock, par value $1.00 per share (“Class A Common Stock”). The 1,000,000 shares of Class A Common Stock to be sold to the Underwriters by Artesian Resources are referred to herein as the “Firm Shares.” The respective amounts of the Firm Shares to be purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Firm Shares shall be offered to the public at a public offering price of $19.15 per Firm Share (the “Offering Price”).
