Company: CWAN
Filing Date: 2025-01-13
Form Type: 425
Source: 0001193125-25-004988
Chunk: 16

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-01-13
Form: 425
Chunk 16
---
 its Subsidiaries (other than, following the Closing, the Company or any of its Subsidiaries, which shall be subject to clause (i) of this definition) that would result in a loss, in the aggregate, of more than $20,000,000 of revenue
generated by Parent and its Subsidiaries (taken as a whole) between (and inclusive of) January 1, 2024 and December 31, 2024.

“Business Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York, New York or
Chicago, Illinois are authorized or required by Applicable Law to close.

“Certificate” means each certificate formerly
representing any Eligible Shares.

“ClassA Common Stock” means Class A common stock of the
Company, par value $0.001 per share.

“ClassB Common Stock” means Class B common stock of the
Company, par value $0.001 per share.

“Closing Date” means the date of the Closing.

4

“Code” means the Internal Revenue Code of 1986.

“Common Unit” means the common limited liability company membership interests described in Section 3.1(a)(i) of the
Operating Agreement, and having the rights and preferences specified herein.

“Company Balance Sheet” means the
consolidated balance sheet of the Company and its Subsidiaries as of the Company Balance Sheet Date and the footnotes thereto set forth in the Company SEC Documents for the period ended on the Company Balance Sheet Date.

“Company Balance Sheet Date” means September 30, 2024.

“Company Blockers” means, collectively, Enfusion US 1, Inc., Enfusion US 2, Inc. and Enfusion US 3, Inc.

“Company Board” means the Board of Directors of the Company.

“Company Common Stock” means the Class A Common Stock and the Class B Common Stock.

“Company Credit Agreement” means that certain Credit Agreement, dated as of September 15, 2023, among the Operating
Company, the Company, the guarantors party thereto, Bank of America, N.A. as administrative agent, swing line lender and L/C issuer and the lenders thereto.

“Company Disclosure Schedule” means the disclosure schedule that has been prepared by the Company and delivered to Parent,
Acquirer, Merger Sub and Merger Sub II prior to or simultaneously with the execution of this Agreement.

“Company Employee Plan”