Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 46

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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Merger Sub”), and Fusemachines Inc., a Delaware corporation (“Fusemachines”)
(as it may be amended and/or restated from time to time, the “Merger Agreement”). The Merger Agreement provides that, among
other things and upon the terms and subject to the conditions thereof, Merger Sub will merge with and into Fusemachines, after which Fusemachines
will be the surviving corporation and a wholly owned subsidiary of the Company.

On August 27, 2024, the Company entered into an amendment to the Merger
Agreement (the “Merger Agreement Amendment”) whereby the Company will continue out of the Cayman Islands and into the State
of Delaware to re-domicile and become a newly formed Delaware corporation by means of a merger with the Company, pursuant to the Cayman
Islands Companies law and the applicable provisions of the Delaware General Corporation Law, with such newly formed Delaware corporation
becoming the surviving corporation in the merger. In addition the Merger Agreement Amendment includes a provision that increases the amount
the Company may borrow from the Sponsor from $2,000,000 to $2,750,000.

On February 4, 2025, the Company issued a third amended and restated
promissory note (the “3rd A&R WC Promissory Note”) pursuant to which the Company may borrow up to an aggregate principal
amount of $3,000,000. The 3rd A&R Promissory Note additionally includes a conversion feature whereby, notwithstanding the foregoing
in the event of the Business Combination, the outstanding balance may be repaid at the Sponsor’s discretion, in cash or $1,491,000
of the principal and accrued and unpaid interest shall be converted into the Company’s Class A ordinary shares at a share price
of four dollars ($4.00), the balance of which shall be payable in cash at the closing of the Business Combination.

On February 4, 2025, Fusemachines, the Company, and CSLM Merger
Sub, Inc. entered into the second amendment to the Merger Agreement (the “2nd Amendment”) which amends the Merger
Agreement dated January 22, 2024 and the Merger Agreement Amendment dated August 27, 2024 (together, the “Original Merger
Agreement”). The 2nd Amendment (a) amends the definition of the “PIPE Investment Amount” to mean the sum of (i)
$8,