Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 174

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 174
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 number of Eligible Shares
owned by such holder with respect to which such holder desires to receive the stock consideration.

Clearwater will prepare and direct the
Exchange Agent to mail a separate Election Form concurrently with this Proxy Statement/Prospectus. Following the mailing date, Clearwater will make available as promptly as reasonably practicable one or more Election Forms as may be reasonably
requested by all persons who become holders or beneficial owners of Eligible Shares before the Election Deadline. The election deadline will be 5:00 p.m. Eastern time, on a date prior to the Effective Time to be mutually agreed to by Enfusion
and Clearwater (the “”). Enfusion and Clearwater will cooperate to issue a press release reasonably satisfactory to each of them announcing the Election Deadline which will not less than four nor more than ten
business days prior to the Election Deadline.

To make a valid election, a holder of Eligible Shares must submit to the Exchange Agent a
properly completed and signed Election Form (including duly executed transmittal materials included in the Election Form). The Election Form must also be accompanied by any Stock Certificates.

Two or more holders of Eligible Shares (such holders, “”) will be entitled to make an Election with respect to
some or all of the Eligible Shares held by them (a “”), 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 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.

Any holder of Eligible Shares may (i) change his Election by written notice received by the Exchange Agent prior to the Election
Deadline, accompanied by a properly completed and signed revised Election Form or (ii) revoke his Election by written notice received by the Exchange Agent prior to the Election Deadline or by withdrawal prior to the Election Deadline of his
Stock Certificates, or of the guarantee of delivery of such Stock

110

Certificates, previously deposited with the Exchange Agent. If an Election Form is revoked, the Stock Certificate(s) (or guarantees of delivery, as appropriate), if any, for the Eligible