UNDERWRITING AGREEMENT 800,000 SHARES GAS NATURAL INC. COMMON STOCK UNDERWRITING AGREEMENTUnderwriting Agreement • July 12th, 2012 • Gas Natural Inc. • Natural gas distribution • New York
Richard M. Osborne, as Trustee of the Chowder Trust dated February 24, 2012 (the “Selling Shareholder”), proposes, subject to the terms and conditions stated herein, to sell an aggregate of 700,000 shares (the “Shares”) of common stock, par value $0.15 per share (the “Common Stock”) of Gas Natural Inc., an Ohio corporation (the “Company”), to the several underwriters named in Schedule I hereto (the “Underwriters”) for whom Janney Montgomery Scott LLC is serving as Representative (the “Representative”). The Common Stock to be sold to the Underwriters by the Selling Shareholder is referred to herein as the “Firm Shares.” The respective amounts of the Firm Shares to be purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Firm Shares shall be offered to the public at a public offering price of $10.10 per Firm Share (the “Offering Price”).
