Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 224

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 224
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laws or the Operating Agreement); and          |

| • |     | any Acquisition Proposal. |

Pursuant to its Support Agreement, each Significant Stockholder appointed Clearwater as such Significant Stockholder’s attorney in fact and proxy with full power of substitution and resubstitution, and granted Clearwater the power to affirmatively vote all of its Subject Shares in favor of approving and adopting the Merger Agreement and the transactions contemplated thereby if, and only if, the Significant Stockholder fails to comply with the provisions of the Support Agreement. Additionally, subject to the terms and conditions of its Support Agreement, among other things, each Significant Stockholder is prohibited from transferring any of its Subject Shares until the termination of the Support Agreement. Each Significant Stockholder’s Support Agreement will terminate automatically upon the first to occur of (a) the valid termination of the Merger Agreement in accordance with its terms, (b) the Effective Time, (c) the date of any Prohibited Amendment (as defined below) that is effected without such Significant Stockholder’s prior written consent or (d) the written consent of such Significant Stockholder and Clearwater. A “ Prohibited Amendment” means any one or more amendments or modifications of any provision of the Merger Agreement 143

that (i) reduces the amount of the Merger Consideration or imposes any material restrictions or additional material conditions on the payment of the Merger Consideration, (ii) changes
the form of any consideration payable thereunder, (iii) changes the relative amount of cash and number of shares of Clearwater Common Stock payable under the Merger Agreement or (iv) amends or modifies certain provisions of the Merger
Agreement in a manner that would reasonably be expected to prevent (A) the Corporate Mergers, taken together, from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (B) the delivery to Clearwater and
Enfusion of the Opinions by their respective Tax Counsels on the Closing Date, but before the Effective Time.

Pursuant to each Support
Agreement, the parties to such Support Agreement will be entitled to an injunction, specific performance of the terms of such Support Agreement and other equitable relief to prevent breaches or threatened breaches of such Support Agreement by any
other party to such Support Agreement. The Support Agreements are governed by Delaware law. The venue for disputes relating to the Support Agreements is the Court of Chancery of the State of Delaware or, if that court does not have subject matter