1,200,000 Shares THE FIRST OF LONG ISLAND CORPORATION COMMON STOCK PAR VALUE $0.10 PER SHARE UNDERWRITING AGREEMENTUnderwriting Agreement • May 10th, 2016 • First of Long Island Corp • National commercial banks
The First of Long Island Corporation, a New York corporation (the “Company”), and The First National Bank of Long Island, a national bank (the “Bank”), confirm their respective agreements with Sandler O’Neill & Partners, L.P. (the “Underwriter”) with respect to (i) the sale by the Company and the purchase by the Underwriter of 1,200,000 shares of Common Stock, par value $0.10 per share, of the Company (“Common Stock”) and (ii) the grant by the Company to the Underwriter of the option described in Section 2(b) hereof to purchase all or any part of 180,000 additional shares of Common Stock. The aforesaid 1,200,000 shares of Common Stock (the “Initial Shares”) to be purchased by the Underwriter and all or any part of the 180,000 shares of Common Stock subject to the option described in Section 2(b) hereof (the “Option Shares”) are herein called, collectively, the “Shares.”
