Company: HOUS
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-210060
Chunk: 28

Company: Anywhere Real Estate Inc.
Filing Date: 2025-09-22
Form: 425
Chunk 28
---
 rise to or contributing to such downgrade may constitute, or be taken into
account in determining whether there has been or will be, a Material Adverse Effect); and

(xii) any Proceedings commenced
by a Governmental Entity after the date hereof under Antitrust Law in relation to the Merger or the Transactions;

, , that
except to the extent that such Effects directly or indirectly resulting from, arising out of, attributable to or related to the matters described in the foregoing through and are materially and
disproportionately adverse to such Party and its Subsidiaries, taken as a whole, as compared to other similarly situated participants operating in the industries in which such Party and its Subsidiaries operate, in which case only the incremental
material disproportionate impact shall be taken into account when determining whether a “Material Adverse Effect” has occurred or may, would or could occur.

“” means the product of (x) the Exchange Ratio multiplied by (y) the Parent
Closing Price.

“” means any applicable law or regulation governing financial recordkeeping and
reporting requirements where the Company and its Subsidiaries conduct business, conduct financial transactions or own assets, including the U.S. Currency and Foreign Transaction Reporting Act of 1970, the U.S. Money Laundering Control Act of 1986
and the USA PATRIOT Act of 2011.

“” means, with respect to a Company Option Award, the quotient obtained by
dividing (a) the product of (i) the excess, if any, of the Merger Consideration Value over the per share exercise price of such Company Option Award, multiplied by (ii) the number of shares of Company Common Stock subject to
such Company Option Award immediately prior to the Effective Time, by (b) the Parent Closing Price.

“” means
the New York Stock Exchange.

“” means, with respect to an action taken by any Person, that such action
is consistent with the ordinary course of business of such Person consistent with past practice.

-12-

“” means (a) with respect to a corporation,
the charter, articles or certificate of incorporation, as applicable, and bylaws thereof, (b) with respect to a limited liability company, the certificate of formation or organization, as applicable, and the operating or limited liability
company agreement thereof, (c) with respect to a partnership, the certificate of formation and the partnership agreement, and (d) with respect to any other Person, the organizational,