Company: CWAN
Filing Date: 2025-01-13
Form Type: 425
Source: 0001104659-25-003010
Chunk: 8

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-01-13
Form: 425
Chunk 8
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 were solely for the benefit of the parties to the Merger Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the Merger Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the parties thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after the date of the Merger Agreement, which subsequent information may or may not be fully reflected in the Company’s or Parent’s public disclosures. Accordingly, the Merger Agreement should not be
read alone, but should instead be read in conjunction with the other information regarding the Company, the Operating Company, Parent,
Acquirer, Merger Sub and Merger Sub II and the transactions contemplated by the Merger Agreement that will be contained in or attached
as annex to the proxy statement that the Company will file in connection with the transactions contemplated by the Merger Agreement,
as well as in other filings that the Company and Parent have made or will make with the U.S. Securities and Exchange Commission (the
“SEC”), including the Annual Reports on Form 10-K of each of the Company and Parent.

Support Agreements

In connection with entering into the Merger Agreement, on January 10,
2025, Parent entered into Support Agreements with each of FTV IV, L.P., a Delaware limited partnership, FTV Investment Holdings, L.P.,
a Delaware limited partnership, ISP V-B EF LP, a Delaware limited partnership, ISP V Main Fund EF LLC, a Delaware limited liability company,
ICONIQ Strategic Partners V, L.P., a Cayman Islands exempted limited partnership, ICONIQ Strategic Partners V-B, L.P., a Cayman Islands
exempted limited partnership, Oleg Movchan and CSL Tech Holdings, LLC, a Nevada limited liability company, each a stockholder of the Company
(collectively, the “Significant Stockholders”, and such agreements, the “Support Agreements”). The
Support Agreements generally require that the Significant Stockholders vote their Subject Shares (as defined in each Support Agreement),
which represent, in the aggregate approximately 45% of the total voting power of the Company, in favor of the adoption of the Merger