Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 181

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 181
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Federal Communications Commission

Under the provisions of the Communications Act of 1934, as amended by the Telecommunications Act of 1996, an entity holding radio licenses for private internal
communications must obtain the approval of the FCC before the transfer of control or assignment of those licenses. Certain subsidiaries of Essential hold certain FCC licenses for private internal communications and, thus, must obtain prior FCC
approval to assign or transfer control of those licenses. Completion of the merger is not conditioned on the receipt of FCC approval.

119

THE MERGER AGREEMENT

Explanatory Note Regarding the Merger

The following summary describes certain provisions of the merger agreement. This summary is not complete and is qualified in its entirety by the merger
agreement, which is attached to this joint proxy statement/prospectus as Annex A and which constitutes part of this joint proxy statement/prospectus. We encourage you to read carefully the merger agreement in its entirety because this summary
may not contain all of the information about the merger agreement that is important to you. The rights and obligations of the parties to the merger agreement are governed by the express terms of the merger agreement and not by this summary or any
other information contained in this joint proxy statement/prospectus.

The representations, warranties, covenants, and agreements described below and
included in the merger agreement were made only for purposes of the merger agreement as of specific dates, were solely for the benefit of the parties to the merger agreement (except as otherwise specified therein), and may be subject to important
qualifications (including standards of materiality applicable to the contracting parties that differ from those applicable to others, including a shareholder of American Water or a security holder of Essential), limitations, and supplemental
information agreed to by American Water, Merger Sub, and Essential in connection with negotiating the terms of the merger agreement. In particular, in your review of the representations and warranties contained in the merger agreement and described
in this summary, it is important to bear in mind that the representations and warranties were negotiated with the principal purpose of establishing circumstances in which a party to the merger agreement may have the right not to consummate the
merger if the representations and warranties of the other party prove to be untrue due to a change in circumstance or otherwise, and allocating risk between the parties to the merger agreement, rather than establishing matters as facts. Moreover,
information concerning the subject matter of the representations and warranties was subject to exceptions as set forth in the confidential disclosure schedules to the merger agreement and may change after the date of the merger