Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 331

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 331
---
 contains any such proposal.

(e) Nothing contained in this shall prohibit the Company from taking and disclosing to its shareholders
a position contemplated by Rule 14d-9 and Rule 14e-2 promulgated under the Exchange Act or from issuing a “stop, look and listen” statement or similar
communication of the type contemplated by Rule 14d-9(f) under the Exchange Act pending disclosure of its position thereunder; that any such disclosure or statement that constitutes or
contains a Company Adverse Recommendation Change shall be subject to the provisions of .

(f) For
the avoidance of doubt, any violation of the restrictions contained in this by any Company Subsidiary, or any Representatives of the Company or any Company Subsidiary, shall be deemed to be a breach of this
by the Company.

(g) For purposes of this Agreement:

(i) “” means any proposal or offer, with respect to any (A) merger,
consolidation, share exchange, other business combination, recapitalization, liquidation, dissolution or similar transaction in which any Person (or group of Persons) other than Parent and the Parent

A-50

Subsidiaries (such Person (or group of Persons), a “”) acquires or would acquire, directly or indirectly, (1) business or assets of the Company or the
Company Subsidiaries representing 20% or more of the consolidated revenues, net income or fair market value of the consolidated assets of the Company and the Company Subsidiaries, taken as a whole or (2)(x) 20% or more of the outstanding Company
Common Stock or (y) 20% or more of the aggregate voting power of the surviving entity or a resulting direct or indirect parent of the Company or such surviving entity, (B) sale, lease, contribution, transfer or other disposition, directly or
indirectly (including by way of merger, consolidation, share exchange, other business combination, partnership, joint venture, extraordinary dividend or distribution, sale of capital stock of or other equity interests in a Company Subsidiary or
otherwise), pursuant to which any Company Third Party acquires or would acquire, directly or indirectly, business or assets of the Company or the Company Subsidiaries representing 20% or more of the consolidated revenues, net income or fair market
value of the consolidated assets of the Company and the Company Subsidiaries, taken as a whole, (C) issuance, sale or other disposition, directly or