UNDERWRITING AGREEMENT 1,134,155 SHARES GAS NATURAL INC. COMMON STOCK UNDERWRITING AGREEMENTUnderwriting Agreement • November 7th, 2013 • Osborne Richard M • New York
Richard M. Osborne, as Trustee of the Richard M. Osborne Trust dated January 13, 1995, as amended on February 24, 2012 (the “Trust”), Thomas J. Smith (“Smith”) (the Trust and Smith collectively, the “Selling Shareholders”), and Gas Natural Inc., an Ohio corporation (the “Company”), propose, subject to the terms and conditions stated herein, to sell shares of common stock, par value $0.15 per share (the “Common Stock”) of the Company, as set forth on Schedule I, to the several underwriters named in Schedule II 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 Shareholders and the Company are 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 II hereto. The Firm Shares shall be offered to the public at a public offering price of $10.00 pe
