Document:

EX-4.(b)

 Exhibit 4(b) 
 RGC RESOURCES, INC. 
 AMENDED AND RESTATED 

DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN 
 1. Establishment of Plan; Amendment and Restatement. 
 (a) On July 1,
1999, the Board of Directors of RGC Resources, Inc. (the “Company”) adopted the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan (the “Initial Plan”) as an amendment to, and restatement of, the
former Roanoke Gas Company Dividend Reinvestment and Stock Purchase Plan, effective on the effective date of the merger under the Agreement and Plan of Merger dated September 28, 1998, through which Roanoke Gas Company shareholders became
shareholders of the Company. 
 (b) On April 28, 2003, the Board of Directors of the Company adopted an Amended and
Restated RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan (the “Earlier Plan”), which Earlier Plan amended and restated in its entirety the Initial Plan. 

(c) On February 11, 2005, the Board of Directors of the Company adopted an Amended and Restated RGC Resources, Inc. Dividend
Reinvestment and Stock Purchase Plan (the “Amended Plan”), which Amended Plan amended and restated in its entirety the Earlier Plan. The primary change made in the Amended Plan was to restrict participation to existing shareholders
of the Company. The Earlier Plan allowed customers of the Company and its affiliates to participate. 
 (d) Effective
January 1, 2011, the Board of Directors of the Company amended and restated the Amended Plan into this Amended and Restated RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan (the “Plan”). The primary change in the Plan
is to require that at least ten percent (10%) of any dividends paid on shares of Common Stock (as hereinafter defined) held in the Plan and/or registered in the shareholder’s name be reinvested in Common Stock. 

 2. Purpose. The purpose of the Plan is to provide the holders of the Company’s
common stock, $5 par value (the “Common Stock”), with a simple, convenient, and economical means of purchasing shares of the Company’s Common Stock and reinvesting cash dividends in additional shares of the Common Stock without
any associated brokerage commissions or service charges. Unless sooner terminated or modified as hereinafter provided, the Plan will cover 800,000 shares of Common Stock, which number shall be adjusted from time to time to prevent a dilution or
enlargement caused by stock dividends, stock splits, recapitalizations, mergers, consolidations, combinations or exchanges of shares, reorganizations and similar corporate transactions. 

3. Eligibility and Participation. Any holder of Common Stock (“Shareholder”) may participate in the Plan by
completing and returning to the Agent (as hereinafter defined) an authorization card or form in a format approved from time to time by the Company (the “Authorization Card”). Within thirty (30) days following receipt of the
Authorization Card by the Company, the Shareholder will become a participant in the Plan (“Participant”), and the date each Shareholder becomes a Participant shall be the effective date of the Authorization Card. Authorization Cards
will be available from the Company or the Agent. If a Participant withdraws from the Plan pursuant to the provisions hereof, then such former Participant may rejoin the Plan if he or she is then a Shareholder by again completing and returning to the
Agent an Authorization Card, thereafter becoming a Participant once again no later than thirty (30) days following receipt of the Authorization Card by the Agent. Beneficial owners of Common Stock whose shares are registered in names other than
their own (such as brokers, nominees, trustees, etc.) must become holders of record by having the shares transferred into their own names. 

 4. The Agent. All purchases under the Plan will be made by American Stock Transfer
and Trust Company, LLC, the independent purchasing agent of the Company (the “Agent”). The Agent hereby agrees to receive and hold funds and Common Stock in the Plan and to administer the Plan. The Agent will establish an individual
account for each Participant (the “Participant’s Account”), which will reflect the number of shares of Common Stock in said account, including fractions computed to three decimal places, and cash to be invested. The Agent shall
arrange for the custody of stock certificates, maintain ongoing records, send statements of accounts to Participants as hereinafter specified, and perform other administrative duties relating to the Plan. The Agent, with the consent of the Company,
will have the power and authority to establish such procedures as the Agent deems necessary to administer the Plan. 
 5.
Stock Purchases. 
 (a) Participants may purchase Common Stock pursuant to the Plan in one of two ways. First, the Agent
will automatically apply cash dividends received on those shares of Common Stock registered in the Participant’s name (less any applicable withholding taxes) so designated by the Participant (which designation may not be less than ten percent
(10%) of the total shares held in the Plan and/or registered in the Participant’s name) toward the purchase of full and fractional shares of Common Stock. Second, the Agent will apply all optional cash payments, as more particularly
described below, made by Participants toward the purchase of full and fractional shares of Common Stock. For each Participant, the Agent will receive the dividends on those shares of Common Stock held on the dividend record date that the Participant
has designated for reinvestment and will credit such dividends to Participants’ Accounts on the 

 
basis of full and fractional shares held on the record date. Such dividends will be automatically reinvested in additional shares of Common Stock as of the next Investment Date (as hereinafter
defined). Should a Participant wish to change the number of shares on which cash dividends will be reinvested, he may do so by submitting a revised Authorization Card to the Agent, and such revised Authorization Card shall become effective within
thirty (30) days after it is received by the Agent. 
 (b) Plan shares of Common Stock will, at the Company’s
discretion, be purchased directly from the Company (in which event such shares will be authorized but unissued shares) or on the open market, or by a combination of the foregoing. The Company will notify the Agent in writing of the Company’s
determination as to the source of the shares for issuance under the Plan. The Company can change its determination regarding the source of the shares only once every three (3) months. 

(c) Purchases under the Plan of shares of the Company’s authorized but unissued Common Stock will be made on the first day of each
calendar month, except that if such date is not a business day, the purchase date will be the next business day (each such date being hereinafter called the “Investment Date”). Purchases on the open market will begin on the
Investment Date and will be completed no later than thirty (30) days from such date, except where completion at a later date is necessary or advisable under any applicable federal securities laws or other government or stock exchange
regulations. Such purchases may be made on any securities exchange where such shares of Common Stock are traded, in the over the counter market, or by negotiated transactions, and may be subject to such terms with respect to price, delivery and
other terms as the Agent may agree to. Neither the Company nor any Participant shall have any authority or power to direct the time or price at which shares may be purchased, 

 
or the selection of the broker or dealer through or from whom purchases are to be made. If a sufficient number of shares of Common Stock is not available for purchase for a period of thirty
(30) days, the Agent will first purchase shares of Common Stock sufficient to require that at least ten percent (10%) of any dividends paid on shares of Common Stock held in the Plan and/or registered in the Participants’ names be
reinvested in Common Stock. After this requirement is satisfied, the Agent will allocate, on a pro rata basis among Participants’ Accounts, any shares of Common Stock purchased during the thirty (30)-day period and thereafter will promptly mail
to Participants a check for any unapplied funds held in their Plan Accounts over thirty (30) days. No interest will be paid on the unapplied funds. 
 (d) The price for each purchase (the “Purchase Price”) of shares of Common Stock acquired directly from the Company under the Plan, will be the closing price of the Common Stock on the
Investment Date as reported on the Nasdaq Stock Market, and if no such report is made for the Investment Date, the Purchase Price will be established based on the closing price of the Common Stock as reported on such listing for the nearest day
immediately preceding the Investment Date. The proceeds of purchases acquired directly from the Company will be used by the Company for general corporate purposes. 
 In the case of purchase of shares of Common Stock on the open market, the Purchase Price under the Plan will be the weighted average purchase price of all shares of Common Stock purchased for the relevant
Investment Date. 
 The Purchase Price for each share of Common Stock will not be affected by whether the funds being invested
are attributable to dividends, initial investments, or optional cash payments. The Purchase Price of Common Stock purchased with dividends, initial investments, and optional cash payments will not be less than the fair market value of the

 
Common Stock on the Purchase Date. It is the intention of the Company that all transactions will be at not less than fair market value so that Participants will not have dividend income upon
reinvestment of dividends or investment of cash payments. 
 The Common Stock purchased under the Plan will be allocated to
each Participant’s Account. All Common Stock so purchased may be purchased and held in the name of the Plan, the Agent or the Agent’s nominee. 
 (e) Participants will incur no brokerage commissions, service charges or other fees with respect to purchases of Common Stock pursuant to the Plan. 

(f) The number of shares purchased for a Participant’s Account shall be equal to the number of shares, including fractions computed
to three decimal places, equal to (i) the amount of dividends invested on an Investment Date (dividends less any applicable withholding taxes) divided by the Purchase Price per share plus (ii) the amount of initial or optional cash
payments invested on an Investment Date divided by the Purchase Price per share. 
 (g) Participants who have submitted valid
Authorization Cards and who have not withdrawn from the Plan are eligible to make optional cash payments at any time. An initial optional cash payment may be made by a Shareholder when enrolling by enclosing a check or money order with the
Authorization Card. Other optional cash payments shall be made by check or money order and shall be accompanied by such Authorization Forms or Cash Payment Forms as specified by the Company from time to time. Any optional cash payment must not be
less than TWENTY-FIVE AND NO/100 DOLLARS ($25.00) per payment, and the total of all cash payments, including initial cash payments and optional cash payments, on behalf of a Participant may not exceed FORTY THOUSAND AND NO/100 ($40,000.00) for any
calendar year. Optional cash payments must be received by the Agent at least three (3) business days before the 

 
Investment Date in order to be used to purchase Common Stock for a Participant’s Account on that Investment Date. Payments received less than three (3) business days before an
Investment Date will be held until the next Investment Date, and no interest will be paid on and no refund will be made of optional cash payments or initial cash payments awaiting investment. Payments received with or after the receipt of an
Authorization Card or revised Authorization Card but prior to such Authorization Card becoming effective will be invested on the first Investment Date coinciding with or immediately following the date such Authorization Card is effective.

 (h) Participants may also make automatic monthly purchases of a specified amount (not less than TWENTY-FIVE AND NO/100
DOLLARS ($25.00) per investment nor more than FORTY THOUSAND AND NO/100 DOLLARS ($40,000.00) per calendar year when aggregated with all other initial and optional cash purchases) by electronic fund transfer from a predesignated United States bank
account. To initiate automatic monthly deductions, the Participant must complete and sign an Automatic Monthly Deduction Form and return it to the Agent, together with a voided blank check for the account from which the funds are to be drawn.
Automatic Monthly Deduction Forms shall be available from either the Agent or the Company. Such forms will be processed and will become effective as promptly as practicable. The Agent will make the necessary arrangements with the Participant’s
bank to deduct the authorized amount on the sixth (6th) business day prior to the end of each calendar month. Once automatic monthly deductions commence, funds in the amount elected by the Participant will be drawn from the Participant’s
designated bank account on the sixth (6th) business day prior to the end of each calendar month and shall be invested in Common Stock on the next Investment Date. Participants may change or terminate automatic monthly deductions by completing
and submitting to the Agent a New Automatic Monthly Deduction Form. To be effective with 

 
respect to a particular Investment Date, the New Automatic Monthly Deduction Form must be received by the Agent no later than twenty (20) business days prior to the end of the calendar month
preceding the Investment Date. 
 (i) A Participant may deposit with the Agent shares of Common Stock held in the
Participant’s name. Participants who wish to avail themselves of the safekeeping feature of the Plan should transfer or mail their certificates to the Agent by registered or certified mail, return receipt requested, accompanied by a completed
Authorization Card specifying that the shares are furnished for safekeeping. The Agent shall cause such deposit to be reflected on the report to the Participant required under Paragraph 11 hereof. 

If at any time a Participant withdraws from the Plan, upon receipt of the Participant’s written instructions the Agent shall, as
soon as practicable, transfer all shares of Common Stock held by the Agent for safekeeping in the Participant’s Account to the location directed by the Participant. 
 (j) No Common Stock will be purchased from the Company under the Plan at less than par value, i.e., $5 per share. If the Purchase Price is less than par value on an Investment Date, then all
purchases will be in the open market. 
 6. Stock Sales through the Plan. A Participant may request that the Agent
arrange for a sale of Common Stock held under the Plan by delivering a properly completed written request to the Agent on forms prescribed from time to time by the Agent. The Agent will select the broker-dealers to be used in connection with any
sales. Sales of shares of Common Stock through the Plan will be made weekly, or more frequently if volume dictates, except that sales with respect to requests received fewer than five business days before an Investment Date will be made as promptly
as practicable following the Investment Date. Shares of Common Stock being 

 
sold for multiple Participants may be aggregated and, in that event, the proceeds that each Participant receives will be based on the average sales price of all shares sold. Participants electing
to sale shares of Common Stock through the Plan will be charged a brokerage commission by the broker-dealer selected by the Agent and a handling fee charged by the Agent. 
 7. Custody of Stock. A Participant becomes the owner of Common Stock purchased under the Plan and allocated to his Account as of the Investment Date on which it is purchased. Participation in any
rights offering will be based upon both the shares registered in the Participants’ names and the Plan shares (including fractional interests) credited to Participants’ Accounts. Any stock dividends or shares issued pursuant to any stock
split received by the Agent with respect to Common Stock held in a Participant’s Account will be immediately credited to the Participant’s Account. The Agent shall sell any stock rights or warrants applicable to any Common Stock held in a
Participant’s Account and reinvest the proceeds in Common Stock as of the next Investment Date. If such rights or warrants have no market value, the Agent may allow them to expire. 

8. Certificate Issuance. A stock certificate will be issued to a Participant for the number of full shares of Common Stock in the
Participant’s Account upon written notice to the Agent, except that no certificate will be issued between the dividend record date and the Investment Date. Upon issuance of such certificate, the Participant shall have all rights of ownership,
and neither the Agent nor the Company shall have any responsibility with respect to such Common Stock. Automatic reinvestments of dividends will continue as long as there are any shares of Common Stock registered in the name of the Participant or
held for him by the Agent or until termination of enrollment. Similarly, if a Participant acquires additional shares of Common Stock registered in his name (exactly as it appears on his Authorization Card), dividends (or an amount thereof as
directed by the Participant) paid on the acquired Common Stock will automatically be reinvested until termination of enrollment. 

 9. Voting Rights. The Agent will not vote Common Stock held for a Participant’s
Account. A Participant will have all rights of a Shareholder as soon as there are shares of Common Stock (whole or fractional) credited to his Account. Whole and fractional shares credited to a Participant’s Account will be voted as the
Participant directs. Proxy materials will be forwarded to each Participant of record to be voted at his or her discretion, and all other communications from the Company to its Shareholders will be forwarded to each Participant of record. 

10. Expenses. The Company will bear the expense of administering the Plan and having the Agent purchase shares of Common Stock and
hold them for Plan Participants, including transfer taxes and costs of transferring the Common Stock from the Plan to the Participants. 
 11. Reports to Participants. The Agent will render a statement of account to each Participant no later than twenty-five (25) days after the Investment Date. Such statement will show the
following information for the Investment Date: 
 (a) Total amount invested by the Agent (dividends and initial and optional
cash payments less any applicable tax withheld); 
 (b) Number of shares of Common Stock allocated to the Participant’s
Account; 
 (c) The cost per share of allocated Common Stock as of the Investment Date; 

(d) The number of shares of Common Stock for which certificates have been issued, if any; 

 (e) The number of shares of Common Stock deposited for safekeeping as described in paragraph
5(i); and 
 (f) The beginning and ending balances in the Participant’s Account. 

12. Withdrawal from Plan. A Participant may withdraw from the Plan by giving written notice to the Agent. The withdrawal date
shall be no more than thirty (30) days after receipt of the notice by the Agent (the “Withdrawal Date”). As soon as practicable after the Withdrawal Date, upon receipt of written instructions from the Participant the Agent
shall transfer all full shares of Common Stock in a Participant’s Account to the Participant, except that, if the Participant requests a stock certificate, no certificate will be issued between the dividend record date and the Investment Date.
No fractional shares will be issued to the Participant, but the value of any fractional share in his Account will be paid to him. Such fractional share shall be valued in proportion to the fair market value of one share of Common Stock on the
Investment Date immediately preceding the Withdrawal Date, and the fair market value shall be determined pursuant to paragraph 5(d). Payment for any fractional share, net of any fees charged by the Agent, shall be made as soon as practicable
after the Withdrawal Date, and any cash awaiting investment shall also be paid at that time. Notice of the death, liquidation, or other termination of legal existence of a Participant shall constitute notice of withdrawal from the Plan. Settlement
will be made with the Participant’s legal representative or successor in interest, and neither the Agent nor the Company shall be in any way liable for settlements made with such persons. 

 13. Amendment and Termination of the Plan. The Company reserves the right to amend
the Plan at any time or from time to time and, upon any such amendment, to notify the Agent and Participants of the effective date of the amendment. The Company reserves the right to terminate the Plan at any time upon giving thirty
(30) days’ written notice to the Participants and the Agent setting forth the effective date of termination. The Company may also terminate the Plan immediately without notice to the Participants or the Agent in order to correct any
material noncompliance of the Plan with any applicable law. No amendment or termination will affect any Participant’s interest in the Plan that has accrued prior to the date of the amendment or termination. In the event of the termination of
the Plan, the Agent will make a distribution of Common Stock and cash as if each Participant had withdrawn from the Plan as soon as practicable, but not later than thirty (30) days after the termination of the Plan. Participants will incur no
service charges or other fees upon such termination. 
 14. Risk of Stock Ownership. The Participant assumes all risks
inherent in the ownership of any Common Stock purchased or held for safekeeping under the Plan. A Participant has no guarantee against a decline in the price or value of the Common Stock, and the Company assumes no obligation for repurchase of the
Participant’s Common Stock purchased under the Plan. A Participant has all the rights of any other holder of Common Stock with respect to the shares of Common Stock issued to him or held for safekeeping under the Plan. 

15. Liability of the Company and Agent. Neither the Company nor the Agent shall be liable for any acts done or any omission to
act, including, without limitation, any claims of liability (a) with respect to the prices at which Common Stock is purchased or (in the case of a fractional share) sold for a Participant’s Account and the times and method by which such
purchases or sales are made, (b) for any fluctuation in the market value before or after purchase 

 
or (in the case of a fractional share) sale of Common Stock, or (c) for continuation of a Participant’s Account until receipt by Agent of notice in writing of such Participant’s
death, liquidation, or other legal dissolution. 
 16. Administration of the Plan. Administration of the Plan will be
coordinated by the officer or officers from time to time designated by the Company, and all purchases will be made by the Agent in accordance with terms hereof. Any question of interpretation arising under the Plan will be determined by the Company
and any such determination shall be final. 
 17. Federal Income Taxes. Neither the Company nor the Agent makes any
representation as to the income or other tax consequences of participation in the Plan. Nevertheless, it is the Company’s understanding that Participants must report as dividend income an amount equal to the dividends received by the Plan on
their behalf plus the Participants’ share of any brokerage fees paid by the Company on shares purchased in the open market. A Participant’s federal income tax basis in the Common Stock purchased for the Participant under the Plan will
include any amount the Participant is treated as having received. The holding period for shares of Common Stock acquired under the Plan will begin the day after the Investment Date, and a whole share resulting from the acquisition of two or more
fractional shares on different Investment Dates will have a split holding period. A Participant will not realize any taxable income upon the receipt of certificates of whole shares credited to his Account under the Plan, either upon his request for
a certificate or upon withdrawal from or termination of the Plan. However, a Participant who receives a cash adjustment for a fractional share credited to his Account will realize a capital gain or loss if Common Stock is a capital asset in his
hands. Also, in the event of a sale of a fractional share pursuant to withdrawal from the Plan, if the consideration received exceeds fair market value as determined under Internal Revenue Service regulations, the Participant will have dividend
income equal to the difference. 

 18. Correspondence and Transaction – All correspondence, notices and transaction
processing to the agent should be sent to: 
 Transaction Processing 

American Stock Transfer and Trust Company, LLC 
 P.O. Box 922 
 Wall Street Station 

New York, NY 10269-0560 
 Correspondence and Notices 
 American Stock Transfer and Trust Company, LLC

 6201 15th Avenue 
 Brooklyn, NY 11219 
 (866) 673-8053 

All correspondence and notices to Participants shall be sent to the address shown on the Participant’s Authorization Card or such
new address as the Participant provides in writing to the Agent. 
 Notice to the Agent or the Company shall be effective when
it is actually received. Notice to a Participant is effective when mailed, postage pre-paid, to the address indicated above. 

19. Miscellaneous. Except as expressly provided herein, a Participant shall have no right to sell, pledge, assign, encumber or
otherwise dispose of his rights in his Account. A Participant shall have no right to draw checks or drafts against his Account or to instruct the Agent to perform any acts not expressly provided for herein. This Plan shall be governed by the laws of
the Commonwealth of Virginia except to the extent superseded by federal law.NX-Exhibit 10.24 2014 10K

        EXHIBIT 10.24

SECOND AMENDMENT TO LEASES
BY AND BETWEEN HP PROPERTIES/MIKRON LLC AND MIKRON WASHINGTON LLC

This amendment to Leases (this “Amendment”) is made and entered into as of the 20th day of November, 2013, by and between HP Properties/Mikron LLC, a Washington limited liability company (“Landlord”) and Mikron Washington LLC, a Washington limited liability company (“Tenant”). Unless otherwise defined herein, capitalized terms used in this Amendment shall have the meanings set forth in the Mikron Leases (as defined below).

RECITALS

		
	A.
	Pursuant to that certain Lease between Mikron 1034 Joint Venture, and the W.R. Sandwith and Michael G. Ritter Partnership (Landlord’s predecessors in interest) and Mikron Industries, Inc. (Tenant’s predecessor in interest) dated November 26, 1979, as amended by those certain Amendments to Lease dated December 31, 1986, May 12 1989, October 8, 1993, November 4, 1994, May 19, 1995, May 10, 2000, June 9, 2004, December 9, 2004, and January 27, 2010 (as amended, the “1979 Lease”), Tenant leases space consisting of approximately 97,706 square feet in the Industrial Distribution Building located at 1034 6th Avenue North, Kent, Washington.

		
	B.
	Pursuant to that certain Lease between 1034 Joint Venture and Mikron Industries, Inc. and  dated May 3, 1989, as amended by those certain Amendments to Lease dated August 30, 1990, November 4, 1994, May 19, 1995, May 10, 2000, June 9, 2004, December 9, 2004, and January 27, 2010 (as amended the “1989 Lease”), Tenant leases space consisting of approximately  75,000 square feet in the Industrial Distribution Building located at 1034 6th Avenue North, Kent, Washington.

		
	C.
	The premises depicted in Exhibit A is collectively referred to herein as the “Leased Premises”.

		
	D.
	The 1979 Lease and the 1989 Lease, together with that certain Lease between Mikron Industries, Inc. and W.R. Sandwith dated July 1, 1994, as amended, are collectively referred to herein as the “Mikron Leases”.

		
	E.
	Tenant assumed its interest in the Mikron Leases by assignment from Mikron Industries, Inc. Landlord consented to the Assignment by that certain Letter Agreement dated June 22, 2006.

		
	F.
	The 1979 Lease and the 1989 Lease expire by their terms on March 1, 2015. Landlord and Tenant desire now to amend both leases to extend their terms, on the following terms and conditions.

NOW THEREFORE, in consideration of the above recitals which by this reference are incorporated herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency are hereby acknowledged, Landlord and Tenant agree as follows:

AMENDMENT

		
	1.
	Term Extension.  The terms of the 1979 Lease and the 1989 Lease are hereby extended for a period of five (5) years (the “Extended Term”), commencing March, 1, 2015 and terminating February 28, 2020, unless sooner terminated in accordance with their respective terms. Throughout the Extended Term, the Leased Premises shall be subject to the terms and conditions of the Mikron Lease, except as expressly modified by this Amendment.

		
	2.
	Extended Term Rent. The fixed monthly rental charge (the “Monthly Rent”) due under the 1979 Lease and the 1989 Lease respectively, during the Extended Term shall be as follows:

The 1979 Lease consisting of 97,706 square feet will be $41,803.14 for the entire five year term. The 1989 Lease consisting of 75,000 square feet will be $27,240.97 for the entire five year term.

3.    Renewal.
3.1   Provided there is no existing uncured material default of Tenant under any of the Mikron Leases, if Tenant desires to continue leasing all of the premises leased under the Mikron Leases (or all of the premises leased under those Mikron Leases which are then in effect) for a period beyond the Extended Term (such period being the “Renewal Term”), Tenant shall give Landlord written notice on or before February 28, 2019 of its desire to negotiate a Renewal Term.  In response to such notice, Landlord shall within twenty (20) days provide Tenant with notice of landlord’s desired term and Monthly Rent for the Renewal Term; provided that the Monthly Rent for Renewal Term (i) shall be the fair market rental value of the Leased Premises upon commencement of the Renewal Term, (ii) shall in no event be less than the Monthly Rent due during the month immediately prior to the commencement of the Renewal Term and (iii) shall in no event escalate more than fifteen percent (15%) during any five consecutive years of the Renewal Term.  In determining the fair market rental value of the Leased Premises, consideration shall be given to the then current market rate for similar properties in the general vicinity of the Leased Premises with similar lease provisions.
3.2   If the parties do not agree upon the monthly Rent for the Leased Premises during the Renewal Term by June 15, 2019 (the “Trigger Date”), either party may demand that the Monthly Rent be determined by arbitration. In such case, the parties shall endeavor to select a mutually agreeable arbitrator within ten (10) days after such demand. If the parties are unable to agree on an arbitrator within such 10-day period, either party may seek appointment of an arbitrator by the Chief Judge of the Superior Court of King County, Washington. Within fourteen (14) days after the arbitrator’s appointment, each party shall submit its estimate of the fair market rental value of the Leased Premises along with any documentary evidence that it may have to support its estimate. Within fourteen (14) days after the arbitrator’s receipt of each party’s estimate  and evidence (if any), the arbitrator shall select the estimate that he or she determines is closest to the actual fair market rental value of the Leased Premises. The arbitrator’s determination of the estimate that is closest to the actual fair market value of the Leased Premises shall be completed no later than September 15, 2019 and shall be final and binding. The cost of the arbitrator shall be shared equally by Landlord and Tenant.  In no event shall the fair market rent for the Leased Premises be less than the Monthly Rent due during the last month prior to the Renewal Term.
3.3   If the parties have not executed a fully integrated written agreement for lease of the Leased Premises during the Renewal Term on or before September 15, 2019, then Landlord shall be entitled to freely market the Leased Premises and show the Leased Premises to prospective tenants. Landlord agrees not to market the Leased Premises before this time unless Tenant notifies Landlord that Tenant does not intend to pursue the Renewal Term.

4.    Improvements to the Leased Premises. Tenant accepts the Leased Premises in its present condition on an “as-is, where-is” basis.

5.    Miscellaneous.

5.1   This Amendment sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements.
5.2    Except as herein modified or amended, the provisions, conditions, and terms of the Mikron Leases shall remain in full force and effect.
5.3    In the case of any inconsistency between the provisions of the Mikron Leases and this Amendment, the provisions of the Amendment shall govern and control.
5.4    This Amendment shall be construed and enforced in accordance with the laws of the State of Washington.

6.    Surrender.

Landlord agrees to allow Tenant to exclude the items in Exhibit A attached from work to be done at the termination of this Lease listed as Exclusionary Items. All items listed in the Non-Exclusionary Items on Exhibit A are required to be removed, replaced or repaired as necessary.

IN WITNESS WHEREOF, landlord and tenant have executed this Amendment on the ________________
day of____________, _______________.

LANDLORD:
HP Properties/Mikron LLC

By: __________________________     
Name: ________________________
 Its: __________________________    

TENANT:
Mikron Washington LLC, a Washington limited Liability company

By: __________________________     
Name: ________________________
 Its: __________________________    
    

STATE OF WASHINGTON ) 
ss.
COUNTY  OF KING    )

This is to certify that I know or have satisfactory evidence that ________________________is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that they were authorized to execute the instrument and acknowledged it as the ___________________________of HP Properties/Mikron LLC, a Washington general partnership to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument.

Dated:___________________, 2013
___________________________________________
Notary Public
Print Name: __________________________
My appointment expires ________________

STATE OF WASHINGTON ) 
ss.
COUNTY  OF KING    )

This is to certify that I know or have satisfactory evidence that___________________________is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that they were authorized to execute the instrument and acknowledged it as Manager of Mikron Washington LLC, a Washington general partnership to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument.
Dated:___________________, 2013

___________________________________________
Notary Public
Print Name: __________________________
My appointment expires ________________

Exhibit A

Exclusionary Items:

		
	•
	Structural steel mezzanine structures

		
	•
	Overhead bridge cranes

		
	•
	Electrical power and control panels

		
	•
	Compressed air equipment

		
	•
	Chilled water  supply  and  return piping to equipment  and  production  lines,  unless they are in the middle of the space. Lines along wall are fine.

		
	•
	Compressed air piping

		
	•
	Reinstall sprinkler system piping at roof opening locations.

Non-Exclusionary Items:

		
	•
	Grinding   equipment,   cyclone   collectors,   and   related   dust   control   equipment   and ductwork

		
	•
	Equipment within the main Blend Tower including resin rail unload system, Regrind handling system, 1102/Calcium handling system, Upper dust control system, Wax handling system, PA-40 handling system, A15 handling system, liquid Stabilizer handling system, Screening System, Mixers, and Compound Take-Away System including convey line to silos.

		
	•
	Two  15' diameter  bolted compound storage silos near Blend Tower that will need to be jacked down and removed.

		
	•
	Material handling convey lines including material lines and air-only vacuum lines.

		
	•
	Blend tower including structural steel and suspended concrete floors.

		
	•
	Metal building components on blend tower above the roof.

		
	•
	Day bins within the plant

		
	•
	Dry Blend equipment including tower structure

		
	•
	Rail load-out system

		
	•
	Closing  in  roof  penetrations  and  re-roofing  at  the  Blend  Tower  and  for  the  two  15' diameter compound storage silos near the Blend Tower.

		
	•
	Filling in existing pits in the floor including the following:

		
	•
	Pit at Main Blend Tower

		
	•
	Pit at Dry Blend

		
	•
	Utility trenches

		
	•
	Patch back any wall openings for material convey lines or piping.

		
	•
	Remove all interior building walls and chain link fence as required.

		
	•
	Remove floor bollards, guardrails, etc. where needed.

		
	•
	C Bldg., city water supply to building. Replace piping from meter to building.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}]]