Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 204

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 204
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, committing to and effecting, by consent decree, hold separate order or otherwise, the sale, divestiture or disposition of such assets or businesses of American Water or its
subsidiaries or affiliates or of Essential or its subsidiaries or affiliates, and (2) otherwise taking actions that after the date of the closing would limit American Water’s or its subsidiaries’ or affiliates’ freedom of
action with respect to one or more of their businesses, product lines or assets, in each case as may be required to avoid the entry of, or to effect the dissolution of, any injunction, temporary restraining order or other order in any suit or
proceeding which would otherwise prevent or materially delay the completion of the merger. American Water and Essential agree to consult with each other and keep each other apprised of any developments and provide the other party with assistance,
cooperation and information reasonably required for any such filing made by such party. If any administrative or judicial proceeding is instituted or threatened to challenge any transaction contemplated by the merger agreement as violating
regulatory law, American Water and Essential will cooperate and use their reasonable best efforts to contest and resist any such proceeding.

American
Water and Essential will jointly be responsible for, and American Water will take the lead in, scheduling and conducting any meeting with any governmental entity or any intervenor in any proceeding relating to the HSR clearance or required
regulatory approvals, coordinating, preparing and making any applications and filings with, and communicating with, and resolving any investigation or other inquiry of, any agency or other governmental entity, and determining the strategy and timing
for, and making all material decisions relating to, obtaining the HSR clearance, the required state regulatory approvals, and any other approvals from any governmental entity or other person necessary, proper or advisable to consummate the merger.

In using their reasonable best efforts to obtain these required regulatory approvals, under the terms of the merger agreement, American Water, Essential
and their respective affiliates will not be required to undertake efforts or take actions (including agreeing to accept or accepting any terms, conditions, liabilities, obligations, commitments, sanctions or other measures and proposing,
negotiating, committing to and effecting, by consent decree, hold separate order or otherwise, the sale, divestiture, licensing or disposition of assets or businesses of

137

Essential, American Water or any of their respective affiliates) as may be required to resolve objections, if any, of any federal antitrust authority or any applicable PSC (or any other
governmental entity that may