Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 188

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 188
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 the right to receive the Merger Consideration may specify in a request made in accordance with the procedures described in this “Election Procedures” section (a) the number of Eligible Shares owned by such holder with respect to which such holder desires to receive a mix of cash and shares of Clearwater Common Stock, (b) the number of Eligible Shares owned by such holder with respect to which such holder desires to receive shares of Clearwater Common Stock, (c) the number of Eligible Shares owned by such holder with respect to which such holder desires to receive cash and (d) that such holder makes no election with respect to such holder’s Eligible Shares. Any such request is referred to in this Proxy Statement/Prospectus as an “ Election.” Two or more holders of Eligible Shares will be entitled to make a Joint Election, and the Exchange Agent will treat such Joint Election as if it had been made by a single holder of Eligible Shares. Holders of Eligible Shares that deliver an Election Form to the Exchange Agent prior to the Election Deadline may deliver a Joint Election with another Joint Elector to the Exchange Agent at any time after the Election Deadline but not less than five (5) business days before the Effective Time and instruct the Exchange Agent, after giving effect to the allocation process contemplated by the Merger Agreement, with respect to the allocation among such Joint Electors of the Merger Consideration payable to such Joint Electors. The Merger Agreement provides that Clearwater will direct the Exchange Agent to mail the Election Form as to permit holders of Eligible Shares to exercise their right to make an Election. Any Election will have been made properly only if the Exchange Agent will have received at its designated office, by 5:00 p.m. Eastern time on the Election Deadline, an Election Form properly completed and signed and accompanied by any Stock Certificates to which such Election Form relates, duly endorsed in blank or otherwise in form acceptable for transfer on the books of Enfusion, or an appropriate affidavit attesting to the loss, theft, 118

misplacement or destruction, as applicable of such Stock Certificate(s) and a bond of indemnity, in each case in form reasonably acceptable to the Exchange Agent and Clearwater or by an
appropriate guarantee of delivery of such Stock Certificates as set forth in such Election Form; provided that such Stock Certificates are in fact delivered to the Exchange Agent within five (5) business days after the date of execution
of such guarantee of delivery. Clearwater and Enfusion will cooperate