200,000 Shares Universal Corporation (No Par Value) EQUITY UNDERWRITING AGREEMENTUnderwriting Agreement • March 17th, 2006 • Universal Corp /Va/ • Wholesale-farm product raw materials • New York
Universal Corporation, a Virginia corporation (the “Company”), proposes to sell to the several underwriters (the “Underwriters”) named in Schedule I hereto for whom you are acting as representatives (the “Representatives”) an aggregate of 200,000 shares (the “Firm Shares”) of the Company’s 6.75% Convertible Perpetual Preferred Stock, no par value and $1,000 liquidation preference per share (the “Preferred Stock”). The respective amounts of the Firm Shares to be so purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Company also proposes to sell at the Underwriters’ option an aggregate of up to 20,000 additional shares of the Company’s Preferred Stock (the “Option Shares”) as set forth below.
