Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 281

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 281
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 equal to $5.85 and (ii) a
number of shares of Parent Class A Common Stock (which may not need be a whole number) equal to the Per Share Parent Stock Amount.

(viii) “Per Share Stock Consideration” means a number of shares of Parent Class A Common Stock (which
need not be a whole number) equal to the Exchange Ratio.

(ix) “Total Cash Amount” means the product
obtained by multiplying (x) $5.85 by (y) the total number of Eligible Shares.

(x) “Total Stock”
means a number of shares of Parent Class A Common Stock equal to the product obtained by multiplying (x) the Per Share Parent Stock Amount by (y) the total number of Eligible Shares.

(xi) “Total Stock Value” means the product obtained by multiplying (x) the Total Stock by (y) the
Final Parent Stock Price.

(b) As of the Effective Time, all such shares of Class A Common Stock converted into the right to receive
the Merger Consideration pursuant to this shall no longer be issued and outstanding and shall automatically be canceled and shall cease to exist, and each holder of any such shares of Class A Common Stock shall cease to have
any rights with respect thereto, except the right to receive the Merger Consideration and cash in lieu of fractional shares of Parent Class A Common Stock in accordance with this Agreement. As of the LLC Merger Effective Time, all such Common
Units converted into the right to receive the Merger

A-22

Consideration pursuant to this shall no longer be issued and outstanding and shall automatically be canceled and shall cease to exist, and each holder of any such Common Unit
shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration and cash in lieu of fractional shares of Parent Class A Common Stock in accordance with this Agreement.

(c) Each share of Class B Common Stock that is issued and outstanding immediately prior to the Effective Time shall be automatically
canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.

(d) Each share of Company Common Stock
held in the treasury of the Company and any shares of Company Common Stock owned by Parent, Merger Sub or Merger Sub II immediately prior to the Effective Time shall automatically be canceled and shall cease to exist and no consideration shall be
delivered in exchange therefor.

(e) Each share of common stock of Merger Sub issued and outstanding immediately prior to the