DISTRIBUTION AGREEMENTDistribution Agreement • February 22nd, 2019 • Mdu Resources Group Inc • Mining & quarrying of nonmetallic minerals (no fuels) • New York
MDU Resources Group, Inc., a Delaware corporation (the “Company”), confirms its agreement with each of J.P. Morgan Securities LLC and MUFG Securities Americas Inc., as agent and/or principal under any Terms Agreement (as defined in Section 1(a) below) (each, an “Agent,” and together, the “Agents”), with respect to the issuance and sale from time to time by the Company, in the manner and subject to the terms and conditions described below in this Distribution Agreement (this “Agreement”), of up to 10,000,000 shares (the “Maximum Number”) of Common Stock, $1.00 par value per share (the “Common Stock”), of the Company on the terms set forth in Section 1 of this Agreement. Such shares are hereinafter collectively referred to as the “Shares” and are described in the Prospectus referred to below.
