Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 189

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 189
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 to issue a press release announcing the date of the Election Deadline not more than 10 nor fewer than four business days prior to the Election Deadline (the form and substance of
such press release to be reasonably satisfactory to Clearwater and Enfusion).

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 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 Shares to which such Election Form relates will be returned to the holder.

The Exchange Agent will have reasonable discretion to determine whether any Election, revocation or change has been properly or timely made
and to disregard immaterial defects in the Election Forms, and any good faith decisions of the Exchange Agent regarding such matters will be binding and conclusive. None of Clearwater, Merger Sub, Merger Sub II or the Exchange Agent will be under
any obligation to notify any individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof (a
“”) of any defect in an Election Form.

All Election Forms will automatically be revoked if the Exchange Agent is
notified in writing by Enfusion and Clearwater that the Transactions have been abandoned and that the Merger Agreement has been terminated.

Subject to the provisions of the Exchange Agent Agreement, the determination of the Exchange Agent will be binding as to whether an Election
will have been properly made or revoked with respect to Eligible Shares and when Elections and revocations were received by it. Subject to the provisions of the Exchange Agent Agreement, if the Exchange Agent determines that any Election was not
properly made with respect to any Eligible Shares, such Eligible Shares, will be treated by the Exchange Agent as Non-Election Shares.

Exchange and Payment Procedures

Prior to
the Effective Time, Clearwater will appoint the Exchange Agent to exchange Eligible Shares for Merger Consideration. At the Effective Time, Clearwater will deposit the Payment Fund, or will cause the Payment Fund to be deposited, with the Exchange
Agent, for the benefit of the holders