Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 211

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 211
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 merger agreement;                                                                    |

| • |     | the absence of any change or event that has had or would reasonably be expected to have, individually or in the 
 aggregate, a material adverse effect on American Water;                                                         |

| • |     | the receipt by Essential of a certificate executed by an executive officer of American Water, dated as of the 
 date of the closing, certifying to the effect that certain closing conditions have been satisfied; and        |

| • |     | the receipt of the required state regulatory approvals and the occurrence of the HSR clearance, in each case,                                                    
 (i) that have become final orders and (ii) without the imposition of terms or conditions that, individually or in the aggregate, constitute a burdensome effect. |

Termination of the Merger Agreement The merger agreement may be terminated at any time before the effective time, and whether before or after the American Water or Essential shareholder approval has been obtained, as applicable, in the following circumstances:

| • |     | by American Water’s and Essential’s mutual written agreement; |

| • |     | by American Water or Essential, if a governmental entity has taken any action, whether by order or law, that                                                                                                                                              
 prevents, makes illegal, or prohibits the completion of the merger and such action has become final and nonappealable; provided that a party will not have the right to terminate the merger agreement in accordance with the provision described in this 
 paragraph if such action by such governmental entity was principally caused by or principally resulted from a material breach by such party of its covenants or other agreements under the merger agreement;                                              |

| • |     | by American Water or Essential, if the Essential shareholder approval is not obtained after the Essential 
 shareholder meeting (including any adjournments or postponements) has concluded;                          |

| • |     | by American Water or Essential, if the American Water shareholder approval is not obtained after the American 
 Water shareholder meeting (including any adjournments or postponements) has concluded;                        |

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| • |     | by American Water or Essential, if the other party has breached or failed to perform in any material respect any                                                                                                                                    
 of its representations, warranties, covenants, or other agreements contained in the merger agreement, which breach or failure to perform (i) would result in a failure of a condition of the merger applicable to such party’s                      
 representations, warranties, covenants, or other agreements and (ii) cannot be cured, or if curable, is not