Company: CWAN
Filing Date: 2025-01-13
Form Type: 425
Source: 0001193125-25-004988
Chunk: 42

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-01-13
Form: 425
Chunk 42
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 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.

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(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 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 Effective Time shall automatically be converted into and become one fully paid, nonassessable share of common stock, par value $0.001 per share, of the Surviving Corporation with the same rights, powers and privileges as the
shares so converted and