Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 16

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 16
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| Q: | How and when do I make my Merger Consideration election? |

| A: | You are receiving a separate election form (the “Election Form”) concurrently with this Proxy                                                                                                                                          
 Statement/Prospectus. You will make your election by properly completing, signing and returning the Election Form. In addition, if you hold stock certificates representing Enfusion Common Stock (the “Stock Certificates”), you must 
 return your Stock Certificates (or guaranty of delivery of such Stock Certificates) to the Exchange Agent (as defined below) in connection with the Transactions. If you do not send in the Election Form with                         |

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| such Stock Certificates, if applicable, such that it is received by the Exchange Agent by the Election Deadline (as defined below), you will be treated as though you had not made an election.                                        
 Carefully review and follow the instructions accompanying the Election Form. If you own Enfusion Common Stock in “street name” through a bank, brokerage firm or other nominee and you wish to make an election, you should follow the 
 instructions provided by your bank, brokerage firm or other nominee when making your election.                                                                                                                                         |

The Election Deadline is expected to be 5:00 p.m., Eastern time, on a date prior to the Effective Time to be agreed upon by Clearwater and Enfusion. Clearwater and Enfusion will publicly announce the anticipated Election Deadline not more than 10 nor fewer than four business days prior to the Election Deadline. Do NOT submit any Stock Certificates (or evidence of shares in book-entry form) with your proxy card. For more details on the election procedures, see “The Transactions—Exchange of Shares; Elections as to Form of Consideration.”

| Q: | What do I do if I want to revoke my election? |

| A: | You may change or revoke your election at any time during the election period, by written notice to the                                                                                                                                            
 Exchange Agent prior to the Election Deadline or by withdrawal of your Enfusion Stock Certificates (or of the guarantee of delivery of such Stock Certificates), if applicable, previously deposited with the Exchange Agent prior to the Election 
 Deadline.                                                                                                                                                                                                                                          |

| Q: | What happens if I do not make a valid Merger Consideration election? |

| A: | If you do not return a properly completed Election Form by the Election Deadline, your Eligible Shares will be                                                                                         
 considered “non-election” shares and will be converted into the right to receive the