Underwriting AgreementUnderwriting Agreement • April 16th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks • New York
In this Underwriting Agreement (this “Agreement”), Carolina Trust BancShares, Inc., a North Carolina corporation (the “Company”), and its subsidiary Carolina Trust Bank, a North Carolina corporation (the “Bank”), confirm their respective agreements with the underwriters named in Schedule I hereto (each, an “Underwriter” and collectively, the “Underwriters”), for whom Sandler O’Neill & Partners, L.P. is acting as representative (the “Representative”) with respect to the proposed issuance and sale, subject to the terms and conditions stated herein, of an aggregate of [•] shares (the “Firm Shares”) and, at the election of the Underwriters, up to [•] additional shares (the “Optional Shares”) of the common stock, $2.50 par value per share (“Stock”), of the Company (the Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof collectively referred to herein as the “Shares”).
