AXESSTEL, INC. 9,723,880 Shares Common Stock UNDERWRITING AGREEMENT Dated February 24, 2005Underwriting Agreement • May 16th, 2005 • Axesstel Inc • Communications equipment, nec • New York
Axesstel, Inc., a Nevada corporation (the “Company”), proposes to issue and sell 4,000,000 shares (the “Company Firm Shares”) of the Company’s Common Stock, par value $0.0001 per share (the “Common Stock”), and the stockholders of the Company named in Schedule A hereto (the “Selling Stockholders”) propose to sell an aggregate of 4,455,548 shares (the “Selling Stockholder Firm Shares”) of Common Stock, in each case to you and to the several other underwriters named in Schedule B hereto (collectively, the “Underwriters”) for whom you are acting as representatives. The Company and Mike H.P. Kwon, the Company’s Chairman and Chief Executive Officer (the “Principal Selling Stockholder”), also propose to issue and sell to the Underwriters, at the option of the Underwriters, an aggregate of not more than 1,268,332 additional shares (the “Additional Shares”) of Common Stock as set forth below. The Company Firm Shares and the Selling Stockholder Firm Shares are herein collectively called the “Fi
