Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 437

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 437
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 terms of an agreement of merger or consolidation, or by the terms of a 
 resolution providing for conversion, transfer, domestication or continuance, pursuant to § 251, § 252, § 254, § 255, § 256, § 257, § 258, § 263, § 264, § 266 or § 390 of this title to accept for                                               
 such stock anything except:                                                                                                                                                                                                                      |

| a. | Shares of stock of the corporation surviving or resulting from such merger or consolidation, or of the                                                                                                                                   
 converted entity or the entity resulting from a transfer, domestication or continuance if such entity is a corporation as a result of the conversion, transfer, domestication or continuance, or depository receipts in respect thereof; |

| b. | Shares of stock of any other corporation, or depository receipts in respect thereof, which shares of stock (or 
 depository receipts in respect thereof) or depository receipts at the effective date of the                    |

E-1

| merger, consolidation, conversion, transfer, domestication or continuance will be either listed on a national securities exchange or held of record by more than 2,000 holders; |

| c. | Cash in lieu of fractional shares or fractional depository receipts described in the foregoing paragraphs 
 (b)(2)a. and b. of this section; or                                                                       |

| d. | Any combination of the shares of stock, depository receipts and cash in lieu of fractional shares or fractional 
 depository receipts described in the foregoing paragraphs (b)(2)a., b. and c. of this section.                  |

| (3) | In the event all of the stock of a subsidiary Delaware corporation party to a merger effected under § 253                                                                     
 or § 267 of this title is not owned by the parent immediately prior to the merger, appraisal rights shall be available for the shares of the subsidiary Delaware corporation. |

| (4) | [Repealed.] |

| (c) | Any corporation may provide in its certificate of incorporation that appraisal rights under this section shall                                                                                                                                           
 be available for the shares of any class or series of its stock as a result of an amendment to its certificate of incorporation, any merger or consolidation in which the corporation is a constituent corporation, the sale of all or substantially all 
 of the assets of the corporation or a conversion effected pursuant to § 266 of this title or a transfer, domestication or continuance effected pursuant to § 390 of