Company: CWAN
Filing Date: 2025-12-22
Form Type: 8-K
Source: 0000950157-25-001016
Chunk: 4

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-12-22
Form: 8-K
Item: Item 1.01
Chunk 4
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 in certain circumstances, including a breach of Parent’s obligations under the Merger Agreement or Parent’s failure to consummate the Merger when required by the Merger
Agreement, Parent will be required to pay the Company a termination fee of $521,130,000 (the “ Parent Termination Fee”).

Parent has obtained equity financing commitments from certain affiliates of Parent, and debt financing commitments from certain third-party lenders, to
fund the transactions contemplated by the Merger Agreement. The Merger Agreement requires Parent to use its reasonable best efforts to obtain the financing on the terms and conditions described in the financing commitments. Subject to the terms and
conditions of the Merger Agreement and the equity financing commitments, the Company may seek specific performance to cause the equity financing to fund and to require Parent to close only if: (i) all mutual and Parent closing conditions (other
than those to be satisfied at the closing) are satisfied or waived and capable of being satisfied at closing, (ii) the debt financing has been funded or will be funded at closing if the equity financing is funded, (iii) the Company has delivered a
written notice confirming it is ready, willing and able to close, and (iv) Parent fails to consummate the closing within three business days thereafter.

The foregoing summary of the Merger Agreement is not complete and is qualified in its entirety by the full text of the Merger Agreement, which is attached
hereto as Exhibit 2.1 and is incorporated by reference herein.

The Merger Agreement has been included to provide investors with information regarding its terms. It is not intended to provide any other factual
information about the Company, Parent or their respective subsidiaries or affiliates. The representations, warranties and covenants contained in the Merger Agreement were made only for purposes of the Merger Agreement and as of specific dates, 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 are not third-party
beneficiaries under the Merger Agreement and 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.