700,000 Shares BEVERLY NATIONAL CORPORATION Common Stock par value $2.50 per share Underwriting AgreementUnderwriting Agreement • July 12th, 2006 • Beverly National Corp • National commercial banks • New York
Beverly National Corporation, a Massachusetts corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to Sandler O’Neill & Partners, L.P. (the “Underwriter”) an aggregate of 700,000 shares (the “Firm Shares”) and, at the election of the Underwriter, up to 105,000 additional shares (the “Optional Shares”) of the common stock, par value $2.50 per share (“Common Stock”), of the Company (the Firm Shares and the Optional Shares that the Underwriter elects to purchase pursuant to Section 2 hereof being collectively called the “Shares”).
