Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 385

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 385
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by-laws in a manner that would (A) materially and adversely affect the holders of Class A Common Stock or holders of Common Units or (B) materially and disproportionately adverse to the holders
of Class A Common Stock or holders of Common Units relative to the treatment of existing holders of Parent Common Stock;

(ii) (A) declare, set aside or pay any dividends on, or make any other distributions (whether in cash, stock or equity
interests, property or otherwise) in respect of any capital stock of Parent; or (B) modify or repeal the terms of any shares of the capital stock or voting interest of Parent;

(iii) split, combine, adjust, subdivide or reclassify any capital stock or other equity interest or voting interest of Parent;

(iv) with respect to Parent, agree to a complete or partial liquidation or dissolution, merger, consolidation,
restructuring, recapitalization or other reorganization of Parent; or

(v) authorize, resolve, or enter into any binding
commitment to take any of the foregoing action.

Section 6.20 Notice of Certain Events. Each of the
Company and Parent will give prompt notice to the other (and will subsequently keep the other informed on a reasonably current basis of any material developments related to such notice) upon its becoming aware of the occurrence or existence of any
fact, event or circumstance that (a) with respect to the Company, has had or would reasonably be expected have a Company Material Adverse Effect, (b) with respect to Parent, Acquirer, Merger Sub or Merger Sub II, has had or would
reasonably be expected to have a Parent Material Adverse Effect or (c) is reasonably likely to result in any of the conditions set forth in not being able to be satisfied prior to the End Date. No notification given by any
party pursuant to this shall limit or otherwise affect any of the representations, warranties, covenants, obligations or conditions contained in this Agreement. Any failure to give notice in accordance with the
foregoing shall not, in and of itself, be deemed to constitute the failure of any condition set forth in or the basis for any condition set forth in not to be satisfied, or otherwise constitute a breach
of this Agreement by the party failing to give such notice, in each case unless the underlying breach would independently result in a failure of the conditions set forth in to be satisfied.

A-77

ARTICLE VII

CONDITIONS TO THE MERGERS

Section 7.01 Conditions