Company: CWAN
Filing Date: 2025-03-06
Form Type: S-4/A
Source: 0001193125-25-048570
Chunk: 458

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-06
Form: S-4/A
Chunk 458
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laws provide that:

| • |     | Clearwater shall indemnify its directors and officers for serving Clearwater in those capacities or for serving                                                                                                                                         
 other business enterprises at our request, to the fullest extent permitted by Delaware law. Delaware law provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably believed to be 
 in or not opposed to the best interests of Clearwater and, with respect to any criminal action or proceeding, had no reasonable cause to believe such person’s conduct was unlawful.                                                                    |

| • |     | Clearwater may, in its discretion, indemnify employees and agents in those circumstances where indemnification is 
 permitted by applicable law.                                                                                      |

| • |     | Clearwater is required to advance expenses, as incurred, to its directors and officers in connection with                                                                               
 defending a proceeding, except that such director or officer shall undertake to repay such advances if it is ultimately determined that such person is not entitled to indemnification. |

| • |     | Clearwater is not obligated pursuant to the Clearwater Bylaws to indemnify a person with respect to proceedings                                   
 initiated by that person, except with respect to proceedings authorized by the Clearwater Board or brought to enforce a right to indemnification. |

| • |     | The rights conferred in the Clearwater Bylaws are not exclusive, and Clearwater is authorized to enter into                      
 indemnification agreements with its directors, officers, employees and agents and to obtain insurance to indemnify such persons. |

| • |     | Clearwater may not retroactively amend the Clearwater Bylaw provisions to reduce its indemnification obligations 
 to directors, officers, employees and agents.                                                                    |

Clearwater also maintains directors’ and officers’ insurance to insure such persons against certain liabilities. Clearwater has entered into separate indemnification agreements with its directors and officers. Each indemnification agreement provides, among other things, for indemnification to the fullest extent permitted by law and the Clearwater Charter and Clearwater Bylaws against any and all expenses, judgments, fines, penalties and amounts paid in settlement of any claim. The indemnification agreements provide for the advancement or payment of all expenses to the indemnitee and for reimbursement to Clearwater if it is found that such indemnitee is not entitled to such indemnification under applicable law and the Clearwater Charter and Clearwater Bylaws. These indemnification provisions may be sufficiently broad to permit indemnification of Clearwater’s officers and directors for liabilities (including reimbursement of expenses incurred) arising under