[sheet: Tracker Summary]

Regulatory Filing / Condition	Jurisdiction	Filing Required?	Filing Date	Expected Clearance Date	Actual Clearance Date	Current Status	Responsible C&H Attorney	Outside Counsel / Advisor	Notes
HSR Act Pre-Merger Notification (Hart-Scott-Rodino)	United States (FTC / DOJ)	Yes	February 9, 2024	March 11, 2024 (initial 30-day period)	March 11, 2024	CLEARED — Waiting period expired; no Second Request issued	Elaine Forsythe	N/A (handled in-house by Calderwood & Harkness LLP)	Filing made on behalf of Solara Digital Infrastructure Fund VI LP. Initial 30-day waiting period expired March 11, 2024. Voluntary submission of additional market data sent to FTC staff on February 20, 2024. No Second Request. Clearance confirmed.
UK Competition and Markets Authority (CMA) — Phase 1 Merger Notice	United Kingdom (CMA)	Yes	February 12, 2024	Early April 2024 (Phase 1 statutory deadline)	April 3, 2024	CLEARED — Unconditional Phase 1 clearance granted	Elaine Forsythe	Albright & Kerr LLP (Fiona McAllister, Lead Partner, UK Competition)	CMA Case No. ME/7184/24. Merger Notice Form submitted February 12, 2024. CMA issued supplemental information request; response filed March 1, 2024 (overlapping product markets in UK cloud ERP). Phase 1 unconditional clearance decision issued April 3, 2024.
CFIUS Voluntary Notice	United States (CFIUS)	Assessed — Not Required	N/A	N/A	N/A	NO FILING — Voluntary notice not submitted	Elaine Forsythe	N/A	Internal assessment completed November 30, 2023. Conclusion: Cloudium does not constitute a TID U.S. business and does not hold covered real estate. No identified national-security nexus. C&H memo dated November 30, 2023 documents analysis.
EU Merger Regulation (EUMR) Notification	European Union (European Commission)	Assessed — Not Required	N/A	N/A	N/A	NO FILING — EU turnover thresholds not met	Elaine Forsythe	N/A	Jurisdictional analysis completed December 3, 2023. Cloudium EU revenues below EU Merger Regulation thresholds. C&H memo dated December 3, 2023 documents analysis.
EU Foreign Subsidies Regulation (FSR) Notification	European Union (European Commission)	Assessed — Not Required	N/A	N/A	N/A	NO FILING — FSR notification not triggered	Elaine Forsythe	N/A	Analysis completed December 3, 2023. FSR notification thresholds not met. C&H memo dated December 3, 2023 documents analysis.
German FDI Screening (Außenwirtschaftsverordnung / AWV)	Germany (Federal Ministry for Economic Affairs)	Assessed — Not Required	N/A	N/A	N/A	NO FILING — No notification obligation	Elaine Forsythe	N/A	Analysis completed December 8, 2023. Cloudium Solutions GmbH (Berlin) does not operate in a sensitive sector under the AWV. C&H memo dated December 8, 2023 documents analysis.
India — Competition Commission of India (CCI) Filing / FDI Approval	India (CCI / DIPP)	Assessed — Not Required	N/A	N/A	N/A	NO FILING — CCI filing not required; FDI approval not required	Elaine Forsythe	N/A	Analysis completed December 10, 2023. CCI filing not required based on Cloudium Technologies India Pvt. Ltd. (Bangalore, Karnataka) turnover falling below applicable thresholds. FDI approval not required for downstream change of control. C&H memo dated December 10, 2023 documents analysis.

[sheet: Detailed HSR Timeline]

Date	Event / Action	Responsible Party	Document Reference	Status / Outcome
January 25, 2024	HSR Pre-Filing Memorandum completed — analysis of reportability, filing thresholds, size-of-transaction and size-of-person tests, and potential substantive competitive overlap in cloud ERP and CRM markets	Elaine Forsythe (Calderwood & Harkness LLP)	HSR Pre-Filing Memorandum (January 25, 2024)	Complete
February 1, 2024	Draft HSR Notification and Report Form prepared — Item 4(c) and 4(d) document identification and production plan	Elaine Forsythe / Andrew Fitzpatrick	HSR Notification Form — Draft (February 1, 2024)	Complete
February 9, 2024	HSR Notification Form, attachments, and cover letter submitted to FTC Premerger Notification Office on behalf of Solara Digital Infrastructure Fund VI LP	Elaine Forsythe (Calderwood & Harkness LLP)	HSR Filing — Final Submission Package (February 9, 2024)	Filed
February 20, 2024	Voluntary submission of additional market data to FTC staff regarding cloud ERP and CRM competitive landscape	Elaine Forsythe (Calderwood & Harkness LLP)	Letter to FTC Staff (February 20, 2024)	Submitted
March 11, 2024	Initial 30-day HSR waiting period expired — no Second Request issued by FTC or DOJ	Elaine Forsythe (Calderwood & Harkness LLP)	HSR Expiration Confirmation Letter to Solara (March 11, 2024); Email from Elaine Forsythe to Harrison Wexford (March 11, 2024)	CLEARED

[sheet: Detailed CMA Timeline]

Date	Event / Action	Responsible Party	Document Reference	Status / Outcome
February 5, 2024	Draft CMA Merger Notice prepared in coordination with Albright & Kerr LLP (Fiona McAllister)	Elaine Forsythe (Calderwood & Harkness LLP) / Fiona McAllister (Albright & Kerr LLP)	CMA Merger Notice — Draft (February 5, 2024)	Complete
February 12, 2024	Final CMA Merger Notice Form submitted — CMA Case No. ME/7184/24; acquisition of Cloudium Technologies plc by Solara Digital Infrastructure Fund VI LP	Elaine Forsythe / Fiona McAllister (Albright & Kerr LLP)	CMA Merger Notice — Final Submission (February 12, 2024)	Filed
March 1, 2024	Response to CMA supplemental information request — provided data on overlapping product markets in UK cloud ERP; Cloudium Technologies UK Ltd. (Company No. 11287456) revenue of £312,000,000 (~$390,000,000 at $1.25/£) for FYE September 30, 2023	Elaine Forsythe / Fiona McAllister (Albright & Kerr LLP)	CMA Information Request Response (March 1, 2024)	Submitted
April 3, 2024	CMA Phase 1 clearance decision — unconditional clearance granted; no reference to Phase 2	CMA (issuing authority); Elaine Forsythe (summary memo to client)	CMA Phase 1 Clearance Summary Memorandum (April 3, 2024)	CLEARED

[sheet: Other Jurisdictions Assessment]

Jurisdiction / Regulatory Regime	Applicable Entity / Subsidiary	Assessment Date	C&H Memorandum Reference	Prepared By	Conclusion	Key Reasoning
United States — CFIUS	Cloudium Technologies plc (and all U.S. operations at 600 Townsend Street, Suite 800, San Francisco, CA 94103)	November 30, 2023	C&H Memorandum — CFIUS Voluntary Notice Assessment (November 30, 2023)	Elaine Forsythe	No filing recommended	Cloudium does not constitute a TID U.S. business (no critical technology, critical infrastructure, or sensitive personal data triggering mandatory declaration); no covered real estate. No identified national-security nexus after internal assessment.
European Union — EU Merger Regulation (EUMR)	Cloudium Solutions GmbH (Berlin, Germany); Cloudium Technologies UK Ltd. (London, UK); all EU operations	December 3, 2023	C&H Memorandum — EU Merger Regulation Jurisdictional Analysis (December 3, 2023)	Elaine Forsythe	No filing required	Cloudium EU revenues below EU Merger Regulation Article 1 turnover thresholds (both worldwide and EU-wide). No 2/3 rule applies.
European Union — Foreign Subsidies Regulation (FSR)	All Solara and Cloudium entities	December 3, 2023	C&H Memorandum — Foreign Subsidies Regulation (FSR) Analysis (December 3, 2023)	Elaine Forsythe	No notification triggered	FSR notification thresholds (concentration value and financial contributions from non-EU countries) not met for this transaction.
Germany — FDI Screening (AWV / Außenwirtschaftsverordnung)	Cloudium Solutions GmbH (Berlin, Germany; ~400 employees, DACH sales and customer success)	December 8, 2023	C&H Memorandum — German FDI Screening (AWV) Analysis (December 8, 2023)	Elaine Forsythe	No notification obligation	Cloudium Solutions GmbH does not operate in a sensitive sector under the AWV (no defense, critical infrastructure, or sensitive technology activities in Germany).
India — CCI Filing / FDI Approval	Cloudium Technologies India Pvt. Ltd. (Bangalore, Karnataka, India; ~2,400 employees, R&D and support)	December 10, 2023	C&H Memorandum — Indian FDI / CCI Analysis (December 10, 2023)	Elaine Forsythe	No CCI filing required; no FDI approval required	CCI filing not required — Indian subsidiary turnover falls below CCI notification thresholds. FDI approval not required for downstream change of control (acquisition of parent company outside India).

[sheet: Key Contacts & Responsibilities]

Name	Title / Role	Firm / Organization	Office	Workstream	Email / Phone
Elaine Forsythe	Specialist Partner, Antitrust & Competition	Calderwood & Harkness LLP	1601 K Street NW, Washington, DC 20006	HSR, CMA coordination, CFIUS, EU, German FDI, India CCI — overall regulatory lead
Harrison Wexford	Responsible Partner, M&A	Calderwood & Harkness LLP	599 Lexington Avenue, New York, NY 10022	Overall deal lead; regulatory condition sign-off
Tiffany Rosenthal	Lead Associate, M&A	Calderwood & Harkness LLP	599 Lexington Avenue, New York, NY 10022	Regulatory tracker maintenance; closing condition coordination
Andrew Fitzpatrick	Working Associate, M&A	Calderwood & Harkness LLP	599 Lexington Avenue, New York, NY 10022	HSR document preparation; filing coordination
Fiona McAllister	Lead Partner, UK Competition	Albright & Kerr LLP	5 New Street Square, London EC4A 3TW	UK CMA merger notification and Phase 1 clearance; local UK regulatory counsel
Marcus Elliston	Founder & Managing Partner	Solara Digital Infrastructure LP	1200 Market Street, Suite 3400, Wilmington, DE 19801	Client — principal contact for regulatory strategy decisions
Priya Narasimhan	Co-Managing Partner & CIO	Solara Digital Infrastructure LP	1200 Market Street, Suite 3400, Wilmington, DE 19801	Client — co-principal for regulatory matters

[sheet: Merger Agreement Conditions]

Merger Agreement Section	Closing Condition Description	Regulatory Filing / Clearance	Condition Satisfied?	Date Satisfied	Notes
Section 7.1(a) — HSR Act	Expiration or termination of all waiting periods under the HSR Act applicable to the consummation of the Merger	HSR Act Pre-Merger Notification	Yes	March 11, 2024	Initial 30-day waiting period expired; no Second Request. Condition satisfied.
Section 7.1(b) — UK CMA	Receipt of unconditional clearance from the UK Competition and Markets Authority or expiration of applicable Phase 1 review period without reference to Phase 2	UK CMA Merger Notice (Case No. ME/7184/24)	Yes	April 3, 2024	CMA Phase 1 unconditional clearance granted. Condition satisfied.
Section 7.1(c) — No Governmental Order	No order, injunction, decree, or ruling by any governmental authority of competent jurisdiction shall be in effect that prohibits, restrains, or makes illegal the consummation of the Merger	All jurisdictions	Yes	July 2, 2024	Final regulatory condition confirmed July 2, 2024 — no impediment order in any jurisdiction. All parties agreed to proceed to closing on July 9, 2024.
Section 7.1(d) — Stockholder Approval	Approval of the Merger Agreement by holders of a majority of the outstanding shares of Cloudium common stock entitled to vote	N/A (corporate governance, not regulatory)	Yes	May 20, 2024	Stockholder special meeting held May 20, 2024. 82.4% of shares voted in favor. Condition satisfied.
Section 7.1(e) — SEC Effectiveness	Proxy statement declared effective by the SEC with no unresolved comments	SEC (proxy review)	Yes	April 15, 2024	Definitive Proxy Statement filed April 15, 2024. No SEC comments requiring amendment. Condition satisfied.

[sheet: Tracker Summary]
Regulatory Filing / Condition | Jurisdiction | Filing Required? | Filing Date | Expected Clearance Date | Actual Clearance Date | Current Status | Responsible C&H Attorney | Outside Counsel / Advisor | Notes
HSR Act Pre-Merger Notification (Hart-Scott-Rodino) | United States (FTC / DOJ) | Yes | February 9, 2024 | March 11, 2024 (initial 30-day period) | March 11, 2024 | CLEARED — Waiting period expired; no Second Request issued | Elaine Forsythe | N/A (handled in-house by Calderwood & Harkness LLP) | Filing made on behalf of Solara Digital Infrastructure Fund VI LP. Initial 30-day waiting period expired March 11, 2024. Voluntary submission of additional market data sent to FTC staff on February 20, 2024. No Second Request. Clearance confirmed.
UK Competition and Markets Authority (CMA) — Phase 1 Merger Notice | United Kingdom (CMA) | Yes | February 12, 2024 | Early April 2024 (Phase 1 statutory deadline) | April 3, 2024 | CLEARED — Unconditional Phase 1 clearance granted | Elaine Forsythe | Albright & Kerr LLP (Fiona McAllister, Lead Partner, UK Competition) | CMA Case No. ME/7184/24. Merger Notice Form submitted February 12, 2024. CMA issued supplemental information request; response filed March 1, 2024 (overlapping product markets in UK cloud ERP). Phase 1 unconditional clearance decision issued April 3, 2024.
CFIUS Voluntary Notice | United States (CFIUS) | Assessed — Not Required | N/A | N/A | N/A | NO FILING — Voluntary notice not submitted | Elaine Forsythe | N/A | Internal assessment completed November 30, 2023. Conclusion: Cloudium does not constitute a TID U.S. business and does not hold covered real estate. No identified national-security nexus. C&H memo dated November 30, 2023 documents analysis.
EU Merger Regulation (EUMR) Notification | European Union (European Commission) | Assessed — Not Required | N/A | N/A | N/A | NO FILING — EU turnover thresholds not met | Elaine Forsythe | N/A | Jurisdictional analysis completed December 3, 2023. Cloudium EU revenues below EU Merger Regulation thresholds. C&H memo dated December 3, 2023 documents analysis.
EU Foreign Subsidies Regulation (FSR) Notification | European Union (European Commission) | Assessed — Not Required | N/A | N/A | N/A | NO FILING — FSR notification not triggered | Elaine Forsythe | N/A | Analysis completed December 3, 2023. FSR notification thresholds not met. C&H memo dated December 3, 2023 documents analysis.
German FDI Screening (Außenwirtschaftsverordnung / AWV) | Germany (Federal Ministry for Economic Affairs) | Assessed — Not Required | N/A | N/A | N/A | NO FILING — No notification obligation | Elaine Forsythe | N/A | Analysis completed December 8, 2023. Cloudium Solutions GmbH (Berlin) does not operate in a sensitive sector under the AWV. C&H memo dated December 8, 2023 documents analysis.
India — Competition Commission of India (CCI) Filing / FDI Approval | India (CCI / DIPP) | Assessed — Not Required | N/A | N/A | N/A | NO FILING — CCI filing not required; FDI approval not required | Elaine Forsythe | N/A | Analysis completed December 10, 2023. CCI filing not required based on Cloudium Technologies India Pvt. Ltd. (Bangalore, Karnataka) turnover falling below applicable thresholds. FDI approval not required for downstream change of control. C&H memo dated December 10, 2023 documents analysis.
[sheet: Detailed HSR Timeline]
Date | Event / Action | Responsible Party | Document Reference | Status / Outcome
January 25, 2024 | HSR Pre-Filing Memorandum completed — analysis of reportability, filing thresholds, size-of-transaction and size-of-person tests, and potential substantive competitive overlap in cloud ERP and CRM markets | Elaine Forsythe (Calderwood & Harkness LLP) | HSR Pre-Filing Memorandum (January 25, 2024) | Complete
February 1, 2024 | Draft HSR Notification and Report Form prepared — Item 4(c) and 4(d) document identification and production plan | Elaine Forsythe / Andrew Fitzpatrick | HSR Notification Form — Draft (February 1, 2024) | Complete
February 9, 2024 | HSR Notification Form, attachments, and cover letter submitted to FTC Premerger Notification Office on behalf of Solara Digital Infrastructure Fund VI LP | Elaine Forsythe (Calderwood & Harkness LLP) | HSR Filing — Final Submission Package (February 9, 2024) | Filed
February 20, 2024 | Voluntary submission of additional market data to FTC staff regarding cloud ERP and CRM competitive landscape | Elaine Forsythe (Calderwood & Harkness LLP) | Letter to FTC Staff (February 20, 2024) | Submitted
March 11, 2024 | Initial 30-day HSR waiting period expired — no Second Request issued by FTC or DOJ | Elaine Forsythe (Calderwood & Harkness LLP) | HSR Expiration Confirmation Letter to Solara (March 11, 2024); Email from Elaine Forsythe to Harrison Wexford (March 11, 2024) | CLEARED
[sheet: Detailed CMA Timeline]
Date | Event / Action | Responsible Party | Document Reference | Status / Outcome
February 5, 2024 | Draft CMA Merger Notice prepared in coordination with Albright & Kerr LLP (Fiona McAllister) | Elaine Forsythe (Calderwood & Harkness LLP) / Fiona McAllister (Albright & Kerr LLP) | CMA Merger Notice — Draft (February 5, 2024) | Complete
February 12, 2024 | Final CMA Merger Notice Form submitted — CMA Case No. ME/7184/24; acquisition of Cloudium Technologies plc by Solara Digital Infrastructure Fund VI LP | Elaine Forsythe / Fiona McAllister (Albright & Kerr LLP) | CMA Merger Notice — Final Submission (February 12, 2024) | Filed
March 1, 2024 | Response to CMA supplemental information request — provided data on overlapping product markets in UK cloud ERP; Cloudium Technologies UK Ltd. (Company No. 11287456) revenue of £312,000,000 (~$390,000,000 at $1.25/£) for FYE September 30, 2023 | Elaine Forsythe / Fiona McAllister (Albright & Kerr LLP) | CMA Information Request Response (March 1, 2024) | Submitted
April 3, 2024 | CMA Phase 1 clearance decision — unconditional clearance granted; no reference to Phase 2 | CMA (issuing authority); Elaine Forsythe (summary memo to client) | CMA Phase 1 Clearance Summary Memorandum (April 3, 2024) | CLEARED
[sheet: Other Jurisdictions Assessment]
Jurisdiction / Regulatory Regime | Applicable Entity / Subsidiary | Assessment Date | C&H Memorandum Reference | Prepared By | Conclusion | Key Reasoning
United States — CFIUS | Cloudium Technologies plc (and all U.S. operations at 600 Townsend Street, Suite 800, San Francisco, CA 94103) | November 30, 2023 | C&H Memorandum — CFIUS Voluntary Notice Assessment (November 30, 2023) | Elaine Forsythe | No filing recommended | Cloudium does not constitute a TID U.S. business (no critical technology, critical infrastructure, or sensitive personal data triggering mandatory declaration); no covered real estate. No identified national-security nexus after internal assessment.
European Union — EU Merger Regulation (EUMR) | Cloudium Solutions GmbH (Berlin, Germany); Cloudium Technologies UK Ltd. (London, UK); all EU operations | December 3, 2023 | C&H Memorandum — EU Merger Regulation Jurisdictional Analysis (December 3, 2023) | Elaine Forsythe | No filing required | Cloudium EU revenues below EU Merger Regulation Article 1 turnover thresholds (both worldwide and EU-wide). No 2/3 rule applies.
European Union — Foreign Subsidies Regulation (FSR) | All Solara and Cloudium entities | December 3, 2023 | C&H Memorandum — Foreign Subsidies Regulation (FSR) Analysis (December 3, 2023) | Elaine Forsythe | No notification triggered | FSR notification thresholds (concentration value and financial contributions from non-EU countries) not met for this transaction.
Germany — FDI Screening (AWV / Außenwirtschaftsverordnung) | Cloudium Solutions GmbH (Berlin, Germany; ~400 employees, DACH sales and customer success) | December 8, 2023 | C&H Memorandum — German FDI Screening (AWV) Analysis (December 8, 2023) | Elaine Forsythe | No notification obligation | Cloudium Solutions GmbH does not operate in a sensitive sector under the AWV (no defense, critical infrastructure, or sensitive technology activities in Germany).
India — CCI Filing / FDI Approval | Cloudium Technologies India Pvt. Ltd. (Bangalore, Karnataka, India; ~2,400 employees, R&D and support) | December 10, 2023 | C&H Memorandum — Indian FDI / CCI Analysis (December 10, 2023) | Elaine Forsythe | No CCI filing required; no FDI approval required | CCI filing not required — Indian subsidiary turnover falls below CCI notification thresholds. FDI approval not required for downstream change of control (acquisition of parent company outside India).
[sheet: Key Contacts & Responsibilities]
Name | Title / Role | Firm / Organization | Office | Workstream | Email / Phone
Elaine Forsythe | Specialist Partner, Antitrust & Competition | Calderwood & Harkness LLP | 1601 K Street NW, Washington, DC 20006 | HSR, CMA coordination, CFIUS, EU, German FDI, India CCI — overall regulatory lead
Harrison Wexford | Responsible Partner, M&A | Calderwood & Harkness LLP | 599 Lexington Avenue, New York, NY 10022 | Overall deal lead; regulatory condition sign-off
Tiffany Rosenthal | Lead Associate, M&A | Calderwood & Harkness LLP | 599 Lexington Avenue, New York, NY 10022 | Regulatory tracker maintenance; closing condition coordination
Andrew Fitzpatrick | Working Associate, M&A | Calderwood & Harkness LLP | 599 Lexington Avenue, New York, NY 10022 | HSR document preparation; filing coordination
Fiona McAllister | Lead Partner, UK Competition | Albright & Kerr LLP | 5 New Street Square, London EC4A 3TW | UK CMA merger notification and Phase 1 clearance; local UK regulatory counsel
Marcus Elliston | Founder & Managing Partner | Solara Digital Infrastructure LP | 1200 Market Street, Suite 3400, Wilmington, DE 19801 | Client — principal contact for regulatory strategy decisions
Priya Narasimhan | Co-Managing Partner & CIO | Solara Digital Infrastructure LP | 1200 Market Street, Suite 3400, Wilmington, DE 19801 | Client — co-principal for regulatory matters
[sheet: Merger Agreement Conditions]
Merger Agreement Section | Closing Condition Description | Regulatory Filing / Clearance | Condition Satisfied? | Date Satisfied | Notes
Section 7.1(a) — HSR Act | Expiration or termination of all waiting periods under the HSR Act applicable to the consummation of the Merger | HSR Act Pre-Merger Notification | Yes | March 11, 2024 | Initial 30-day waiting period expired; no Second Request. Condition satisfied.
Section 7.1(b) — UK CMA | Receipt of unconditional clearance from the UK Competition and Markets Authority or expiration of applicable Phase 1 review period without reference to Phase 2 | UK CMA Merger Notice (Case No. ME/7184/24) | Yes | April 3, 2024 | CMA Phase 1 unconditional clearance granted. Condition satisfied.
Section 7.1(c) — No Governmental Order | No order, injunction, decree, or ruling by any governmental authority of competent jurisdiction shall be in effect that prohibits, restrains, or makes illegal the consummation of the Merger | All jurisdictions | Yes | July 2, 2024 | Final regulatory condition confirmed July 2, 2024 — no impediment order in any jurisdiction. All parties agreed to proceed to closing on July 9, 2024.
Section 7.1(d) — Stockholder Approval | Approval of the Merger Agreement by holders of a majority of the outstanding shares of Cloudium common stock entitled to vote | N/A (corporate governance, not regulatory) | Yes | May 20, 2024 | Stockholder special meeting held May 20, 2024. 82.4% of shares voted in favor. Condition satisfied.
Section 7.1(e) — SEC Effectiveness | Proxy statement declared effective by the SEC with no unresolved comments | SEC (proxy review) | Yes | April 15, 2024 | Definitive Proxy Statement filed April 15, 2024. No SEC comments requiring amendment. Condition satisfied.

[sheet: Tracker Summary]

Record

Parties

Dates

Amounts