1,400,000 SHARES ARGONAUT GROUP, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • October 5th, 2005 • Argonaut Group Inc • Fire, marine & casualty insurance • Texas
Argonaut Group, Inc., a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to Raymond James & Associates, Inc. (the “Underwriter”), an aggregate of 1,400,000 shares of its common stock, par value $0.10 per share (the “Common Stock”). The aggregate of 1,400,000 shares to be purchased from the Company are called the “Firm Shares.” In addition, the Company has agreed to sell to the Underwriter, upon the terms and conditions stated herein, up to an additional 210,000 shares of Common Stock (the “Additional Shares”) to cover over-allotments by the Underwriter, if any. The Firm Shares and the Additional Shares are collectively referred to in this Underwriting Agreement (the “Agreement”) as the “Shares.”
