UNDERWRITING AGREEMENTUnderwriting Agreement • October 17th, 2024 • PTL LTD • Wholesale-petroleum & petroleum products (no bulk stations) • New York
The undersigned, PTL Limited, a business company with limited liability incorporated under the laws of the British Virgin Islands (the “Company”), hereby confirms its agreement (this “Agreement”) to issue and sell to the underwriter or underwriters, as the case may be, named in Schedule I hereto (each, an “Underwriter” and, collectively, the “Underwriters”), for whom Dominari Securities LLC is acting as representative (in such capacity, the “Representative”), (A) an aggregate of 1,250,000 ordinary shares (the “Firm Shares”), no par value per share of the Company (“Ordinary Shares”), and (B) at the election of the Representative, up to an additional 187,500 Ordinary Shares (the “Option Shares,” and together with the Firm Shares, the “Shares”). The offering and sale of the Shares contemplated by this Agreement is referred to herein as the “Offering”.
