Underwriting AgreementUnderwriting Agreement • April 19th, 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 2,310,000 shares (the “Firm Shares”) and, at the election of the Underwriters, up to 346,500 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”).
