KARAT PACKAGING INC. 1,000,000 shares of common stock, par value $0.001 per share Underwriting AgreementUnderwriting Agreement • September 12th, 2023 • Karat Packaging Inc. • Plastics products, nec • New York
Certain stockholders of Karat Packaging Inc., a Delaware corporation (the “Company”), listed in Schedule 2 hereto (the “Selling Stockholders”) propose to sell to Lake Street Capital Markets, LLC in its capacity as underwriter (the “Underwriter”), an aggregate of 1,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”), of the Company (the “Underwritten Shares”) and, at the option of the Underwriter, up to an additional 150,000 shares of Common Stock (the “Option Shares”); provided, that the Option Shares to be sold to the Underwriter, if any, shall be sold by Marvin Cheng (“Mr. Cheng”), who is one of the Selling Stockholders. The Underwritten Shares and the Option Shares are herein referred to as the “Shares.” The shares of Common Stock to be outstanding after giving effect to the sale of the Shares are referred to herein as the “Stock.”
