Item 1.01. Entry into a Material Definitive Agreement.

On October 21, 2022, Liniar Limited ("Liniar"), a subsidiary of Quanex Building Products Corporation ("Quanex" or the "Company"), entered into a new lease agreement (the "New Lease") with Garner Holdings Limited (the "Lessor") which renews and replaces the existing lease for Liniar's current extrusion hall, offices, mixing plant, and lamination facility in the Business Park (as defined in the New Lease); and further includes the lease of a new mixing plant located in the same Business Park (as defined in the New Lease).

The New Lease replaces in its entirety that certain Lease dated February 9, 2016, between Garner Properties Ltd. and HL Plastics Limited, filed as Exhibit 10.44 to the Company's Annual Report on Form 10-K (Reg. No. 001-33913) for the year ended October 31, 2016, as filed with the Securities and Exchange Commission on December 16, 2016.

Set forth below is a summary of the New Lease:

· The New Lease contains a fixed 20-year term expiring on October 20, 2042, with


    an annual rent of £1,117,826, payable in four equal installments in advance on
    March 25, June 24, September 29, and December 25 of each year, covering the
    majority of property used by Liniar at the Flamstead House business park
    located in Denby, Derbyshire, United Kingdom.

· Annual rent will be adjusted once a year based on changes in the UK's rental


    price index with a cap at 1% and a collar at 4%. In addition, a market rent
    review will take place each five years during the term of the New Lease.

· The New Lease conveys no renewal rights or purchase options to Liniar.

· Liniar is obliged to bear the costs of any insurance or value added tax

incurred by Liniar resulting from the leased properties, along with certain

amounts of service rent (as defined by a separate management deed applicable

to the property). In addition, Liniar is obliged to bear additional charges

associated with pro rata taxes and common area maintenance.

· The New Lease contains various other rights and obligations that are generally


   market standard for leases in of this sort in the United Kingdom, including but
   not limited to provisions related to encumbrances and encroachments; payment of
   costs; assignments and subletting; fixtures and alterations; and compliance
   with laws. In addition, the New Lease includes customary representations,
   warranties and covenants on behalf of the parties and provides for certain
   customary indemnities.

The foregoing description of the New Lease is only a summary and is qualified in its entirety by reference to the full text of the New Lease, a copy of which is attached as Exhibit 10.1 to this Current Report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of businesses acquired.






Not applicable

(b) Pro forma financial information.






Not applicable



 (c) Exhibits.

10.1 Lease Relating to Land and Buildings at Denby Hall Business Park, Denby, Ripley, Derbyshire, DE5 8JX, dated as of October 21, 2022, by and among Garner Holdings Limited, Liniar Limited, and Ryfields Close Management Company Limited.

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