Company: CWAN
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001193125-25-058975
Chunk: 192

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 192
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 of the Exchange Agent will be binding as to whether an Election
will have been properly made or revoked with respect to Eligible Shares and when Elections and revocations were received by it. Subject to the provisions of the Exchange Agent Agreement, if the Exchange Agent determines that any Election was not
properly made with respect to any Eligible Shares, such Eligible Shares, will be treated by the Exchange Agent as Non-Election Shares.

Exchange and Payment Procedures

Prior to
the Effective Time, Clearwater will appoint the Exchange Agent to exchange Eligible Shares for Merger Consideration. At the Effective Time, Clearwater will deposit the Payment Fund, or will cause the Payment Fund to be deposited, with the Exchange
Agent, for the benefit of the holders of Eligible Shares.

Promptly after the Effective Time (and in any event no later than four business
days after the Effective Time), Clearwater will send (or cause the Exchange Agent to send) to each record holder of Eligible Shares a letter of transmittal and instructions in forms reasonably satisfactory to Enfusion.

Each holder of shares of Eligible Shares that have been converted into the right to receive the Merger Consideration will be entitled to
receive the Merger Consideration in respect of the Eligible Shares represented by a Stock Certificate, as promptly as reasonably practicable (and in any event within three business days), upon (i) surrender to the Exchange Agent of a Stock
Certificate, together with a duly completed and validly executed

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letter of transmittal in accordance with the instructions thereto, or (ii) receipt of an “agent’s message” by the Exchange Agent (or such other evidence, if any, of transfer
as the Exchange Agent may reasonably request) in the case of a book-entry transfer of Eligible Shares, and, in each case, delivery to the Exchange Agent of such other documents as may reasonably be requested by the Exchange Agent. Until so
surrendered or transferred, each such Stock Certificate will represent after the Effective Time only the right to receive Merger Consideration. No interest will be paid or accrued on the cash payable upon the surrender or transfer of such Stock
Certificate.

If any portion of the Merger Consideration is to be paid to a Person other than the Person in whose name the surrendered
Stock Certificate is registered, it will be a condition to such payment that (i) either such Stock Certificate will be properly endorsed or will otherwise be in proper form for transfer and (ii) the Person requesting