5,750,000 Shares* AXT, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • December 15th, 2006 • Axt Inc • Semiconductors & related devices • New York
AXT, Inc., a Delaware corporation (the "Company"), proposes to issue and sell 5,750,000 shares (the "Firm Shares") of the Company's Common Stock, $0.001 par value per share (the "Common Stock"), to you (the "Underwriter"). The Company has also agreed to grant to you an option (the "Option") to purchase up to an additional 862,500 shares of Common Stock, on the terms and for the purposes set forth in Section 1(b) (the "Option Shares"). The Firm Shares and the Option Shares are referred to collectively herein as the "Shares."
