Company: CWAN
Filing Date: 2025-01-13
Form Type: 425
Source: 0001193125-25-004988
Chunk: 143

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-01-13
Form: 425
Chunk 143
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 of, and is within the control of, the Company or its Subsidiaries).

(b) Notwithstanding anything herein to the contrary, (i) no directors, managers or officers of the Company or its Affiliates (other than
any director, manager or director who is continuing as a director, manager or officer of any the Company or its Subsidiaries following the consummation of the transactions contemplated hereby) shall be required to pass resolutions or consents to
approve or authorize the execution or delivery of the Debt Financing or to execute, deliver or enter into, or perform any obligations under, any agreement, certificate, arrangement, document or instrument with respect to the Debt Financing (other
than the Authorization Letters to be delivered pursuant to and prepayment and termination notices to be delivered pursuant to ), (ii) no obligation of the
Company, its Affiliates or any of their respective Representatives arising in connection with the Company’s, its Affiliates’ or any of their respective Representatives’ cooperation undertaken pursuant to the foregoing shall be
effective until the Closing other than the Authorization Letters to be delivered pursuant to and prepayment and termination notices to be delivered pursuant to
, and (iii) none of the Company, its Affiliates or any of their respective Representatives shall be required to (A) pay any commitment or other similar fee in connection with the Debt Financing
or incur any other cost or expense that is not promptly reimbursed by Parent in connection with the Debt Financing, other than, with respect to the Company and its Subsidiaries, obligations under the Debt Financing effective from and after the
Effective Time (B) take any

97

actions to the extent such actions would unreasonably interfere with the ongoing business or operations of the Company or any of its Affiliates, (C) take any actions that would conflict with
or violate the Company’s or any of its Affiliates’ organizational documents or in any material respect any Applicable Law, (D) give to any other Person any indemnities in connection with the Debt Financing that are effective prior to
the Closing, (E) disclose or provide any information that is subject to attorney-client privilege or could reasonably be expected to result in the disclosure of any trade secrets or the violation of any confidentiality obligation or
(F) take any actions that would cause any representation or warranty in this Agreement to be breached or that would cause any closing condition set forth in to fail to be satisfied or that would otherwise cause a breach of
this Agreement. Nothing contained