Underwriting AgreementUnderwriting Agreement • June 13th, 2008 • Britannia Bulk Holdings Inc • Deep sea foreign transportation of freight • New York
Britannia Bulk Holdings Inc, a corporation incorporated under the laws of the Republic of the Marshall Islands (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 8,333,333 shares (the “Firm Shares”), of the common stock par value $0.01 per share, (the “Stock”) of the Company. In addition, certain stockholders of the Company listed on Schedule II hereto (the “Selling Stockholders”) have severally agreed to sell to the underwriters, at the election of such Underwriters, up to 1,250,000 additional shares (the “Optional Shares”) of the Stock of the Company (the Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 3 hereof being collectively called the “Shares”).
