Boardroom Alpha
Start trial
10-K primary document
ANGI · Annual Report (Form 10-K) · Filed February 20, 2026

Angi Inc — 10-K exhibit

angiex102412312025.htm
Angi Inc on Boardroom Alpha
Document

image_0a.jpg






Angi Inc.
3601 Walnut Street
Denver, Colorado 80205 Attention: Shannon Shaw

555 West 18th Street New York, New York 10011
September 30, 2025

Ladies and Gentlemen:
Reference is made to that certain Services Agreement, dated as of September 29, 2017, by and between IAC Inc. (“IAC”) and Angi Inc. (“Angi”) (as may be amended, supplemented or modified from time to time in accordance with its terms, the “Services Agreement”).
In connection with the completion of the spin-off of IAC’s interest in Angi on March 31, 2025 (the “Spin-off”), IAC and Angi agreed to update the schedules of the Services Agreement to reflect the ongoing services that would be provided by IAC following the Spin-off (such schedule, as amended, the “Services Schedule”).
Pursuant to the Services Schedule, IAC agreed to provide certain financial operations services through September 30, 2025, including, but not limited to, maintenance and support of shared financial systems (as set forth on Annex A, the “Financial Operations”). On September 23, 2025, Angi requested that IAC extend its provision of Financial Operations services through December 31, 2025 (the “Extension”). By signing below, each of IAC and Angi hereby agrees to the Extension and acknowledges that Item 3 of the Services Schedule as excerpted on Annex A hereto is hereby amended as set forth in Annex B, including the changes to cost allocation.
Except as set forth in this letter, the Services Agreement, the Services Schedule and the obligations of the parties thereunder (including for clarity, any outstanding or accrued payment obligations pursuant to the Services Schedule as in effect prior to April 1, 2025) are unaffected and shall continue in full force and effect in accordance with their terms.
[Signature Page Follows]


IAC INC.


By: /s/ Kendall Handler
Name: Kendall Handler
Title: EVP, Chief Legal Officer
Date: 9/30/2025



AGREED AND ACCRETED:

ANGI INC.


By: /s/ Julie Hoarau
Name: Julie Hoarau
Title: Chief Accounting Officer
Date: 9/30/2025







Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer