2,250,000 Shares Avatar Holdings Inc. Common Stock, par value $1.00 per share UNDERWRITING AGREEMENTUnderwriting Agreement • September 28th, 2009 • Avatar Holdings Inc • Operative builders • New York
Avatar Holdings Inc., a Delaware corporation (the “Company”), proposes to sell to you as the sole underwriter (the “Underwriter”), 2,250,000 shares (the “Firm Stock”) of the Company’s common stock, par value $1.00 per share (the “Common Stock”). In addition, the Company proposes to grant to the Underwriter an option to purchase up to 337,500 additional shares of the Common Stock on the terms set forth in Section 2 (the “Option Stock”) of this agreement (this “Agreement”). The Firm Stock and the Option Stock, if purchased, are hereinafter collectively called the “Stock.” This is to confirm the agreement concerning the purchase of the Stock from the Company by the Underwriter.
