Underwriting AgreementUnderwriting Agreement • August 31st, 2006 • Horizon Lines, Inc. • Water transportation • New York
Certain stockholders named in Schedule II hereto (the “Selling Stockholders”) of Horizon Lines, Inc., a Delaware corporation (the “Company”), propose, subject to the terms and conditions stated herein, to sell to the Underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 5,300,000 shares (the “Firm Shares”) of the Common Stock (“Stock”), par value $0.01 per share, of the Company and, at the election of the Underwriters, up to 795,000 additional shares of Stock (the “Optional Shares”). The Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof are herein collectively called the “Shares.”
