Company: HOUS
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-210060
Chunk: 107

Company: Anywhere Real Estate Inc.
Filing Date: 2025-09-22
Form: 425
Chunk 107
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 by the Company in response to
the notice, and determines in good faith after consultation with its financial advisors and outside legal counsel, that the Parent Competing Proposal remains a Parent Superior Proposal and that the failure to effect a Parent Change of Recommendation
in response to such Parent Superior Proposal would be inconsistent with the fiduciary duties owed by the Parent Board to the stockholders of Parent under applicable Law; , that in the event of any material amendment or material
modification to any Parent Superior Proposal (it being understood that any amendment or modification to the economic terms of any such Parent Superior Proposal shall be deemed material), Parent shall be required to deliver a new written notice to
the Company and to comply with the requirements of this with respect to such new written notice, except that the advance written notice obligation set forth in this
shall be reduced to three (3) Business Days; , , that any such new written notice shall in no event shorten the original five (5) Business Day notice period.

(f) During the period commencing with the execution and delivery of this Agreement and continuing until the earlier of the Effective Time and
termination of this Agreement in accordance with , Parent shall not (and it shall cause its Subsidiaries not to) terminate, amend, modify or waive any provision of any confidentiality, “standstill” or similar agreement
to which it or any of its Subsidiaries is a party; , that, notwithstanding any other provision in this , prior to, but not after, the time the Parent Stockholder Approval is obtained, if, in
response to an unsolicited request from a third party to waive any “standstill” or similar provision, the Parent Board determines in good faith, after consultation with its outside legal counsel that the failure to take such action would
be inconsistent with its fiduciary duties owed by the Parent Board to the stockholders of Parent under applicable Law, Parent may waive any such “standstill” or similar provision solely to the extent necessary to permit a third party to
make a Parent Competing Proposal, on a confidential basis, to the Parent Board and communicate such waiver to the applicable third party; , , that Parent shall advise the Company at least two (2) Business Days prior
to taking such action.

(g) Notwithstanding anything to the contrary in this , any action, or failure
to take action, that is taken by a director or officer of Parent or any of its Subsidiaries or by (x) Morgan Stanley & Co. LLC or Kirkland & Ellis