Company: CWAN
Filing Date: 2025-01-13
Form Type: 425
Source: 0001193125-25-004988
Chunk: 145

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-01-13
Form: 425
Chunk 145
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iliates obtained by Parent, Acquirer, Merger Sub or Merger Sub II or their Representatives pursuant to
shall be kept confidential in accordance with the Confidentiality Agreement, except that Parent and its Representatives shall be permitted to disclose such information to existing or prospective Debt
Financing Sources, investors and rating agencies, subject to such Debt Financing Sources, investors and rating agencies entering into customary confidentiality undertakings with respect to such information.

98

(f) The Company hereby consents to the use of its and its Subsidiaries’ logos in
connection with the Debt Financing; , that such logos are used solely in a manner that is not reasonably likely to harm or disparage the Company or its Subsidiaries in any respect.

(g) Solely to the extent that the Closing Date occurs on or after May 30, 2025, prior to the Closing, the Company shall promptly deliver
(or cause to be delivered) to Parent the consolidated financial statements of the Company and its Subsidiaries included in its Quarterly Report on Form 10-Q for the quarter ending March 31, 2025.

Section 6.19 Conduct of Parent. Except for matters (a) required, expressly permitted or expressly contemplated by
this Agreement, (b) set forth in of the Parent Disclosure Schedule, (c) required by Applicable Law or (d) undertaken with the prior written consent of the Company (which consent shall not be
unreasonably withheld, conditioned or delayed and provided that the failure of the Company to respond to a request in writing for consent within five Business Days after receipt thereof shall be deemed to constitute consent), Parent shall not, and
shall cause each of its Subsidiaries not to:

(i) amend Parent’s certificate of incorporation or 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