Company: AWK
Filing Date: 2025-10-27
Form Type: 425
Source: 0001193125-25-250649
Chunk: 96

Company: American Water Works Company, Inc.
Filing Date: 2025-10-27
Form: 425
Chunk 96
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ation of the Transactions in accordance with its terms; , , that none of Parent or the
Company or any of their respective Subsidiaries or Representatives shall be required to provide access to or disclose information where such information or access would, in the reasonable judgment of such Party, (A) breach any agreement with
any third party ( that, to the extent any document or information is subject to the terms of confidentiality restrictions pursuant to an agreement with a third party, Parent and the Company, as applicable, shall use its reasonable
best efforts to obtain the required consent of such third party to disclose such document or information, and develop an alternative to providing such information so as to address such matters that is reasonably acceptable to the other Party), (B)
constitute a waiver of the attorney-client or other privilege held by such Party ( that Parent and the Company, as applicable, shall use its reasonable best efforts to allow the disclosure of such document or information (or as much
of it as possible) in a manner that does not result in a loss of attorney-client privilege), (C) result in access to or disclosure of commercially sensitive information (as determined in Parent’s and the Company’s, as applicable,
reasonable discretion), (D) result in access to or the disclosure of (1) any information concerning a Company Competing Proposal (which shall be governed by ) or a Parent Competing Proposal (which shall be
governed by ), as applicable or (2) any information regarding the deliberations of the Parent Board or Company Board, as applicable, with respect to the Transactions or any similar transaction or
transactions with any other Person, the entry into this Agreement, or any materials provided to the Parent Board or Company Board, as applicable, in connection therewith or (E) otherwise violate any applicable Law; ,
, that neither Parent nor the Company nor their respective Representatives shall have the right to conduct any environmental sampling or testing on, under, at or from any of the properties owned, leased or operated by the other Party
or its Subsidiaries.

(b) The Parties hereby agree that all information provided to them or their respective Representatives in connection
with this Agreement and the consummation of the Transactions shall be deemed to be “Proprietary Information,” as such term is used in, and shall be treated in accordance with, the Confidentiality Agreement, dated as of August 25,
2025, between Parent and the Company (the “”). The Parties hereby agree, pursuant to Section 17 of the Confidentiality